NASDAQ$GOCO
GoHealth Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
GoHealth's Q3 2024 performance reflected a strategic transformation towards a Medicare engagement company, marked by revenue decrease, increased submissions, net income improvement, and strategic acquisition of e-TeleQuote.
GoHealth reported a decrease in net revenues to $118.3 million, but net income improved significantly to $15.4 million. Submissions increased by 2.9% to 166,195. The company completed the acquisition of e-TeleQuote, which added $90.5 million in contract assets and $22.5 million in cash, and recorded a $77.4 million gain on bargain purchase.
- Net revenues for Q3 2024 were $118.3 million, a decrease of $13.7 million year-over-year.
- Submissions for Q3 2024 increased by 2.9% to 166,195.
- Net income for Q3 2024 was $15.4 million, a significant improvement from a net loss of $56.2 million in the prior year period.
- The acquisition of e-TeleQuote added $90.5 million in contract assets and $22.5 million in cash, with a gain on bargain purchase of $77.4 million.
Headline financials
Revenue & EPS history
GoHealth · Revenue · Quarterly
$118M
Revenue by segment
GoHealth · $11.9M total across 4 segments · Q1 2026
- Medicare Agency Revenue$9.8M—82.2%
- Other Non-Agency Revenue$1.76M—14.8%
- Medicare Non-Agency Revenue$200K—1.7%
- Other Agency Revenue$155K—1.3%
Forward guidance
GoHealth is seeing unprecedented disruption, with over two million consumers losing coverage and more than six million experiencing reduced benefits.
Tailwinds
- Investments in AI-driven technology
- Expanded agent network
- Focus on consumer engagement
- Positioned to lead through market changes
- Delivering both growth and improved customer experience
Headwinds
- Over two million consumers losing coverage
- More than six million experiencing reduced benefits
- Broader market challenges
- Competitive landscape shifts
- Revenue decrease
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2024
-7.7%
Avg return
Earnings day
-9.0%
Avg return
5 days after
-6.6%
Avg return
30 days after
26%
6 / 23 earnings
Positive
+32.2%
Q1 2023
Best reaction
-45.5%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.5% | — | — | |
| Q3 2025 | -24.4% | -32.0% | -12.8% | |
| Q2 2025 | -9.0% | -7.6% | -23.8% | |
| Q1 2025 | -0.6% | -17.4% | -21.4% | |
| Q4 2024 | -14.4% | -14.9% | -32.8% | |
| Q3 2024 | -6.6% | -0.4% | -15.4% | |
| Q2 2024 | -21.4% | -28.3% | -34.0% | |
| Q1 2024 | -8.0% | -11.1% | +2.2% | |
| Q4 2023 | -13.0% | -25.7% | -27.0% | |
| Q3 2023 | +2.3% | +6.7% | +7.4% | |
| Q2 2023 | +6.8% | +6.3% | -17.2% | |
| Q1 2023 | +32.2% | +44.8% | +99.5% | |
| Q4 2022 | -19.9% | -6.2% | -18.5% | |
| Q3 2022 | -16.7% | -9.4% | +95.3% | |
| Q2 2022 | -31.5% | -43.3% | -57.0% | |
| Q1 2022 | +11.1% | +4.9% | +6.5% | |
| Q4 2021 | +23.7% | +37.7% | -9.8% | |
| Q3 2021 | +1.1% | -4.7% | -18.1% | |
| Q2 2021 | -45.5% | -42.2% | -34.7% | |
| Q1 2021 | -2.7% | -5.6% | -4.0% | |
| Q4 2020 | -14.9% | -16.9% | -4.1% | |
| Q3 2020 | -14.9% | -15.1% | +1.8% | |
| Q2 2020 | -10.5% | -18.5% | -27.1% | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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