Privia Health (PRVA) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 26, 2026 astatine 8:50 AM CST 45 min read

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Thursday, Feb. 26, 2026 astatine 8 a.m. ET

• Chief Executive Officer — Parth Mehrotra

• Chief Financial Officer — David Mountcastle

• Senior Vice President, Investor & Corporate Communications — Robert Borchert

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Robert Borchert: Thank you, and bully morning, everyone. Joining maine are Parth Mehrotra, our Chief Executive Officer, and David Mountcastle, our Chief Financial Officer. This telephone is being webcast and tin beryllium accessed successful the Investor Relations conception of investors.priviahealth.com on with today’s fiscal property merchandise and descent presentation. Some of the statements we volition marque contiguous are forward-looking successful quality based connected our existent expectations and presumption of the concern arsenic of 02/26/2026. Such statements, including those related to our aboriginal fiscal and operating show and aboriginal concern plans and objectives, are taxable to risks and uncertainties that whitethorn origin existent results to disagree materially.

As a result, these statements should beryllium considered on with the cautionary connection to today's property merchandise and the hazard factors described successful our company's astir caller SEC filings. Finally, we whitethorn notation to definite non-GAAP fiscal measures connected the call. Reconciliations of these measures to comparable GAAP measures are included successful our property merchandise and the accompanying descent presumption connected our website. The fiscal results reported contiguous are preliminary and are not last until our Form 10-K for the twelvemonth ended 12/31/2025 is filed with the Securities and Exchange Commission. Following our prepared comments, we volition unfastened the enactment for questions. Now I would similar to manus the telephone implicit to our CEO, Parth Mehrotra.

Parth Mehrotra: Thank you, Robert, and bully morning, everyone. Privia Health Group, Inc. delivered a precise beardown 2025. Privia Health Group, Inc.’s outstanding operational execution and the spot of our diversified concern exemplary intelligibly show our quality to execute successful each types of marketplace and wellness attraction regulatory environments. We are arrogant to present connected our ngo to execute the quadruple aim: our outcomes little costs, amended diligent experience, and happier and much engaged providers. New supplier signings and implementations stay beardown crossed each markets, which provides large visibility done 2026. At year-end 2025, we had 5,380 implemented providers, caring for implicit 5,800,000 patients.

We proceed to show precise precocious gross supplier retention of 98% and diligent NPS of 87 crossed our footprint. We added 591 providers, a 12.3% summation twelvemonth implicit year. We ended the twelvemonth with 1,540,000 value-based attributed lives, up 22.7%. Medicare Advantage and Medicaid attribution accrued 15% and 23%, respectively, from a twelvemonth ago. Lives attributed to the CMS Medicare programs were up 52%. Commercial attributed lives accrued much than 16% from past twelvemonth to scope 910,000. Our full attributed lives accrued 23% from a twelvemonth ago. Privia Health Group, Inc.’s nationalist footprint present includes a beingness successful 24 states and the District of Columbia, including the Evolent Health ACO business.