v3.24.2.u1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 422,326 $ 413,351 $ 837,569 $ 799,627
Operating expenses:        
Provider expense 322,536 321,718 642,872 623,973
Cost of platform 57,106 50,200 111,163 94,930
Sales and marketing 6,852 5,956 12,937 11,242
General and administrative 28,916 26,808 61,037 52,759
Depreciation and amortization 1,818 1,690 3,639 3,030
Total operating expenses 417,228 406,372 831,648 785,934
Operating income 5,098 6,979 5,921 13,693
Interest (income), net (2,966) (817) (5,950) (2,630)
Income before provision for income taxes 8,064 7,796 11,871 16,323
Provision for income taxes 3,421 1,436 4,172 3,561
Net income 4,643 6,360 7,699 12,762
Less: Net income (loss) attributable to non-controlling interests 1,176 (914) 1,248 (1,836)
Net income attributable to Privia Health Group, Inc. $ 3,467 $ 7,274 $ 6,451 $ 14,598
Net income per share attributable to Privia Health Group, Inc. stockholders – basic (in dollars per share) $ 0.03 $ 0.06 $ 0.05 $ 0.13
Net income per share attributable to Privia Health Group, Inc. stockholders – diluted (in dollars per share) $ 0.03 $ 0.06 $ 0.05 $ 0.12
Weighted average common shares outstanding - basic (in shares) 119,301,350 116,161,251 118,902,095 115,588,313
Weighted average common shares outstanding – diluted (in shares) 125,317,908 124,570,875 125,315,681 124,467,343