Privia Health Group Inc (PRVA)

Net profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Net income US$ in thousands 23,079 -8,585 -188,230
Revenue US$ in thousands 1,666,110 1,357,200 965,150
Net profit margin 1.39% -0.63% -19.50%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $23,079K ÷ $1,666,110K
= 1.39%

Over the past three years, Privia Health Group Inc's net profit margin has shown varying trends. In 2021, the net profit margin was notably negative at -19.48%, indicating that the company incurred significant losses relative to its revenue during that year. However, in the following year, the net profit margin improved to -0.63%, indicating a reduction in losses compared to the previous year.

In the most recent financial year ending December 31, 2023, Privia Health Group Inc managed to achieve a positive net profit margin of 1.39%, signaling a turnaround in profitability compared to the prior two years. This positive net profit margin indicates that the company was able to generate profits after accounting for all expenses and taxes, reflecting improved operational efficiency or cost management.

The positive progression in net profit margin over the three-year period suggests that Privia Health Group Inc may have implemented strategies to enhance profitability, streamline operations, or control costs effectively. However, further analysis of the company's revenue growth, expense management, and overall financial performance would be necessary to provide a more comprehensive assessment of its financial health.


Peer comparison

Dec 31, 2023

Company name
Symbol
Net profit margin
Privia Health Group Inc
PRVA
1.39%
US Physicalrapy Inc
USPH
4.67%