Privia Health Q3 profit jumps 96.6% as revenue advances to $657M

Privia Health (NASDAQ:PRVA) reported third-quarter 2026 revenue of $657 million, up 13.2% year over year, while net income attributable to the company increased 96.6% to $13.5 million.

Revenue increased from $580.4 million in the prior-year quarter, while diluted earnings per share doubled to $0.10 from $0.05; operating income also increased 42.6% to $20.5 million.

Third-quarter adjusted EBITDA increased 6.3% to $40.6 million, while nine-month adjusted EBITDA rose 21.9% to $114.7 million, and nine-month attributable net income increased 85.9% to $25.6 million.

Privia paid approximately $36 million in cash to acquire American Choice Healthcare MSSP from Cano Health, adding an accountable care organization expected to serve more than 36,000 attributed lives beginning January 1, 2027.

The company also agreed to end its Montana partnership with Surgery Partners in January 2027, affecting 69 providers and approximately $23 million in annual practice collections, while expecting no material impact on 2027 adjusted EBITDA.

Privia raised its 2026 revenue guidance to $2.50 billion–$2.55 billion and adjusted EBITDA guidance to $154 million–$157 million, while September-end cash stood at $446.3 million with no debt.

Privia operates a physician-led healthcare platform that supports independent medical groups through practice management, technology, administrative services and value-based care arrangements with healthcare payers.