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Privia Health Group, Inc. (PRVA)

NASDAQ / Healthcare / Medical - Healthcare Information Services

Share price

22.62 USD Market dataClose of Oct 15, 2026

Market capitalisation

2.89B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 27, 2026
Ratios computed
Oct 14, 2026
Filed years
7, FY2019 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

3.1% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

114.05x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

n/a Computed

FY2025 accounts, priced at the latest close

Why n/a

We do not hold this figure for this company, so there is nothing to show.

Read cash generation

Revenue and net income, by fiscal year

FY2018 Revenue: 657.6M USDFY2018 Net income: -3.0M USDFY2019 Revenue: 786.4M USDFY2019 Net income: 8.2M USDFY2020 Revenue: 817.1M USDFY2020 Net income: 31.2M USDFY2021 Revenue: 966.2M USDFY2021 Net income: -188.2M USDFY2022 Revenue: 1.36B USDFY2022 Net income: -8.6M USDFY2023 Revenue: 1.66B USDFY2023 Net income: 23.1M USDFY2024 Revenue: 1.74B USDFY2024 Net income: 14.4M USDFY2025 Revenue: 2.12B USDFY2025 Net income: 22.9M USD
Revenue Net income8 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
1 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 114.05x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits above the highest.

Today, against the Healthcare sector (222 companies), 114.05x sits at the 92nd percentile; the middle half of that group runs from 13.32x to 42.36x.

Is it good

Return on equity was 3.1% in FY2025, in the band labelled "Likely below the cost of equity" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns on shareholders' money below the usual cost of equity.

Today, against the Medical - Healthcare Information Services industry (40 companies), 3.1% sits at the 67th percentile; the middle half of that group runs from -57.1% to 6.4%.

Is it safe

Current ratio was 1.60 in FY2025, in the band labelled "Adequate" (1.50 to 2.00), on lines anchored on Graham's defensive-investor criteria.

Today, against the Medical - Healthcare Information Services industry (43 companies), 1.60 sits at the 36th percentile; the middle half of that group runs from 1.44 to 3.32.

Year by year against peers
Whether Privia Health Group, Inc.'s return on equity stayed above the median of the Medical - Healthcare Information Services industry, year by year. (FY2022 to FY2025, 4 fiscal years of Privia Health Group, Inc. with a comparable figure)
The direction
Which way Privia Health Group, Inc.'s operating margin has moved, and how steadily. (FY2018 to FY2025, 8 filed years of Privia Health Group, Inc.)
What could explain it
What in Privia Health Group, Inc.'s filed statements could explain the movements. (4 readings drawn from the statement lines Privia Health Group, Inc. filed)
What to check next
What to check next on Privia Health Group, Inc., and where in its filings. (3 questions for Privia Health Group, Inc.)
In one paragraph
One paragraph on Privia Health Group, Inc.'s returns, cash, balance sheet and price. (6 of sixteen figures read for Privia Health Group, Inc.)

These are PRVA’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research PRVAPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 27, 2026, accession 0001759655-26-000010.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Privia Health Group, Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.

n/a ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Return on equity3.1% ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Return on capital employed, pre-tax4.3% ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Return on assets1.7% ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Gross margin
Why n/a

Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

n/a ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Operating margin1.6% ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Net margin1.1% ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
PRVA 1.1%
PGNY 4.5%WGS -4.9%HQY 16.4%HNGE -89.9%HTFL -66.3%
-89.9%16.4%
Net margin: PRVA against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Privia Health Group, Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity
Why n/a

The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.

n/a ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Current ratio1.60 ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Quick ratio1.60 ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Interest coverage
Why n/a

No interest expense is filed for this year, so coverage is not computed.

n/a ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Altman Z-score4.67 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Net debt
Why n/a

The FY2025 balance sheet carries no net debt we could read.

n/a ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Total assets 1.37BTotal liabilities 578.4MShareholders' equity 737.2MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Privia Health Group, Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 27, 2026, 0001759655-26-000010).

Privia Health Group, Inc: balance sheet position
Total assets1.37B FiledFY2025 10-K, filed Feb 27, 2026
Total liabilities578.4M FiledFY2025 10-K, filed Feb 27, 2026
Shareholders' equity737.2M FiledFY2025 10-K, filed Feb 27, 2026
Cash479.7M FiledFY2025 10-K, filed Feb 27, 2026
Total debtn/a FiledFY2025 10-K, filed Feb 27, 2026
Net debtn/a
Current ratio1.60
Debt to equityn/a
  • Debt to equity: FY2025: The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
  • Interest cover: FY2025: No interest expense is filed for this year, so coverage is not computed.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Privia Health Group, Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings114.05x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
P/E on trailing twelve months102.82x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book3.79x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Price to sales1.32x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Diluted earnings per share0.18 USD FiledFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Graham number4.94 USD ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010

We publish no fair value or price target of our own. Value PRVA on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Privia Health Group, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Privia Health Group, Inc: valuation
Share price22.62 USD
Market capitalisation2.89B USD
Enterprise value to EBITDAn/a
Graham number4.94 USD
Diluted earnings per share, FY20250.18 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Aug 9, 2021: low 56.79x, median 155.13x, high 255.00x, latest 102.82x. 866 trading days with a meaningful ratio, 437 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Privia Health Group, Inc

  1. Progyny, Inc. (PGNY)Market cap 2.11B USD
  2. GeneDx Holdings Corp. (WGS)Market cap 2.09B USD
  3. HealthEquity, Inc. (HQY)Market cap 7.65B USD
  4. Hinge Health, Inc. (HNGE)Market cap 8.47B USD
  5. Heartflow, Inc. Common Stock (HTFL)Market cap 4.43B USD

Same industry (Medical - Healthcare Information Services) and size band (Mid, 2B to 10B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

Computed

Privia Health Group, Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Free cash flow
Why n/a

The FY2025 filing carries no free cash flow we could read.

n/a ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Free cash flow margin
Why n/a

No free cash flow, and no operating cash flow and capital expenditure pair, is filed for this year.

n/a ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Dividend yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
FY2018 Free cash flow: 5.0M USDFY2018 Net income: -3.0M USDFY2019 Free cash flow: 18.6M USDFY2019 Net income: 8.2M USDFY2020 Free cash flow: 38.5M USDFY2020 Net income: 31.2M USDFY2021 Free cash flow: 54.5M USDFY2021 Net income: -188.2M USDFY2022 Free cash flow: 47.1M USDFY2022 Net income: -8.6M USDFY2023 Free cash flow: 80.7M USDFY2023 Net income: 23.1M USDFY2024 Net income: 14.4M USDFY2025 Net income: 22.9M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Privia Health Group, Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
114.05xFY2025Oct 15, 2026
3.79xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a Enterprise value is the market value plus total debt less cash, and the filed balance sheet reports no debt total or no cash.
n/aFY2025Oct 15, 2026
n/a The filed cash flow statement reports neither free cash flow nor the operating cash flow and capital spending it is built from.
n/aFY2025Feb 27, 2026
n/a The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
n/aFY2025Oct 15, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
n/aFY2025Feb 27, 2026
n/a The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
1.60FY2025Feb 27, 2026
1.32xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
4.67FY2025Oct 15, 2026
-2.29FY2025Feb 27, 2026
5/9FY2025Feb 27, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 7 filed fiscal years on record, FY2019 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 14, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

8 fiscal years, FY2018 to FY2025. 7 read from the annual reports Privia Health Group, Inc filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in USD, as reported.

Privia Health Group, Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20252.12B34.2M22.9M0.18n/a1.6%3.1%10-K, Feb 27, 20260001759655-26-000010
FY20241.74B17.0M14.4M0.11n/a1.0%2.3%10-K, Feb 27, 20250001759655-25-000018
FY20231.66B20.6M23.1M0.1980.7M1.3%4.1%10-K, Feb 27, 20240001759655-24-000022
FY20221.36B-19.1M-8.6M-0.0847.1M-1.4%-1.7%10-K, Mar 1, 20230001759655-23-000026
FY2021966.2M-217.4M-188.2M-1.8354.5M-22.5%-44.1%10-K, Mar 25, 20220001759655-22-000032
FY2020817.1M25.4M31.2M0.3338.5M3.1%21.3%10-K, Mar 25, 20220001759655-22-000032
FY2019786.4M16.1M8.2M0.0918.6M2.0%n/a10-K, Mar 25, 20220001759655-22-000032
FY2018657.6M2.2M-3.0M-0.035.0M0.3%-3.4%Market data, supplied Oct 15, 2026accession n/a
  • Revenue, compound annual growth FY2018 to FY2025: 18.2%
  • Earnings: Earnings was not positive in both 2018 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2018 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow, compound annual growth FY2018 to FY2023: 74.2%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Privia Health Group, Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.29 ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Piotroski F-score5/9 ComputedFY2025 10-K, filed Feb 27, 2026, 0001759655-26-000010
Named tests met1 of 30 Computed
Beta0.71 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 1 met, 20 not met, 9 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Low P/S, rising earnings (James O'Shaughnessy)
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; High returns and growth; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Book or below, low debt (Walter Schloss); Tangible book or below; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Earnings yield and ROIC (Joel Greenblatt); Low PEG, low debt (Peter Lynch); Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; ROIC at or above WACC; Z-score and coverage (Edward Altman); Cash-covered dividend; Cash-flow yield and ROIC. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(14)
  • Debt to Equity: The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • Return on Invested Capital: The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No interest expense is filed for this year, so coverage is not computed.
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Free Cash Flow Yield: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • Capex To Ocf: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 14 figures could not be read on this company, among them Debt to Equity, EV/EBIT, Return on Invested Capital. Each blank in the table above names the rest, with its reason. 9 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold 7 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

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