NASDAQ$ASTH

Astrana Health Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Astrana Health Inc reported Q2 2025 results with revenue growth driven by acquisitions and capitation expansion.

Astrana Health Inc achieved total revenue of $654.8 million for the three months ended June 30, 2025, up 35% year-over-year, primarily from capitation revenue increases due to recent acquisitions and enrollment growth in its Restricted Knox-Keene plans. Net income attributable to the company was $9.4 million with basic and diluted EPS of $0.19. Operating income declined to $20.3 million amid higher medical costs and general and administrative expenses supporting growth.

  • Total revenue reached $654.8 million, a 35% increase year-over-year, led by $171.5 million growth in capitation revenue.
  • Net income attributable to Astrana Health, Inc. was $9.4 million ($0.19 EPS), down from $19.2 million in Q2 2024.
  • Adjusted EBITDA was $48.1 million, essentially flat year-over-year despite higher utilization and transaction costs.
  • Cash and cash equivalents stood at $339.7 million with total assets of $1.44 billion at quarter end.

Headline financials

Total Revenue

$655M

Previous: $486M+34.7%
EPS (adj)

$0.19

Previous: $0.40-52.5%
Adjusted EBITDA

$48.1M

No prior period
Capital Expenditures

-$4.49M

Previous: -$3.21M-40.1%
Net Income

$9.42M

Previous: $19.2M-50.8%
Operating Income

$20.3M

Previous: $30.1M-32.3%
Cash & Equivalents

$340M

Previous: $325M+4.4%
Total Assets

$1.44B

Previous: $1.25B+15.2%

Revenue & EPS history

Astrana Health · Revenue · Quarterly

$655M

Q2 2025+34.7%vs Q2 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Astrana Health · $631M total across 1 segment · Q2 2025

  • Care Partners
    $631M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.7%

Avg return

Earnings day

-2.1%

Avg return

5 days after

+2.1%

Avg return

30 days after

40%

23 / 57 earnings

Positive

+83.3%

Q3 2011

Best reaction

-40.5%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q4 2025+29.4%+22.5%+20.6%
Q3 2025-23.4%-29.4%-33.8%
Q1 2025-11.1%-20.8%-24.5%
Q4 2024-26.8%+5.0%+16.1%
Q3 2024-21.1%-27.9%-30.4%
Q2 2024-1.4%-1.8%+0.1%
Q1 2024-0.7%+1.5%+8.0%
Q4 2023+2.3%+1.8%-1.9%
Q3 2023+9.3%+2.9%+13.4%
Q2 2023+4.2%+3.5%-17.4%
Q1 2023+5.4%+7.0%-0.8%
Q4 2022+6.9%+5.2%+15.2%
Q3 2022+8.4%+8.9%-14.5%
Q2 2022-4.3%-11.0%-29.3%
Q1 2022-0.5%-5.4%-26.4%
Q4 2021-2.0%-11.0%-7.0%
Q3 2021+14.7%+30.5%+0.8%
Q2 2021-11.8%-10.7%-12.9%
Q1 2021+4.5%+4.7%+10.9%
Q4 2020+9.1%+8.8%+8.3%
Q3 2020-1.2%-1.6%+0.5%
Q2 2020+1.8%+2.4%+7.9%
Q1 2020-10.4%-11.6%+13.1%
Q4 2019-12.9%-24.0%+7.0%
Q3 2019-2.9%-0.9%+25.0%
Q2 2019-5.0%+4.8%+31.1%
Q1 2019-1.2%-4.3%-29.7%
Q4 2018-6.4%-8.3%-6.9%
Q3 2018+26.3%+4.0%-4.6%
Q2 2018-13.7%-23.3%-32.2%
Q4 2017+10.8%-6.3%+2.1%
Q1 2018+10.8%-6.3%+2.1%
Q3 2017+3.9%+3.9%+140.0%
Q2 2017+0.0%+0.0%-10.5%
Q1 2017+0.0%+6.7%+36.7%
Q1 2016+4.0%+4.0%+0.0%
Q3 2016-4.8%
Q2 2016-12.9%
Q1 2015-6.5%
Q3 2015-3.2%
Q2 2015+0.0%
Q2 2014+15.6%
Q4 2013
Q3 2013+1.6%
Q2 2013+13.5%
Q1 2013-13.3%
Q4 2012-2.2%
Q3 2012-9.1%
Q2 2012-40.5%
Q1 2012+0.0%
Q4 2011
Q3 2011+83.3%
Q2 2011+0.5%
Q1 2011-0.5%
Q4 2010-3.9%
Q3 2010+19.0%
Q2 2010+0.0%
Q1 2010-2.1%
Q4 2009+9.9%

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