NASDAQ$GOCO

GoHealth Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced unaudited financial results and select operating metrics.

GoHealth reported Q4 2022 net revenue of $69.4 million and a net loss of $150.7 million. Full year 2022 positive cash flow from operations of $60.9 million, a $359.9 million improvement compared to the prior year period.

  • Full year 2022 positive cash flow from operations of $60.9 million, a $359.9 million improvement compared to the prior year period, driven by strong operating results including improvements in efficiency year-over-year and Encompass penetration rates.
  • Fourth quarter 2022 net revenue of $69.4 million, net loss of $150.7 million, and Adjusted EBITDA1 of negative $94.8 million.
  • Lookback Adjustments reduced net revenue by $266.4 million and reduced both net loss and Adjusted EBITDA1 by $186.6 million.
  • Excluding the Lookback Adjustments, fourth quarter 2022 net revenue was $335.8 million.

Headline financials

Total Revenue

$69.4M

Previous: $450M-84.6%
EPS (adj)

-$7.00

Previous: $30.15-123.2%
Sales per Submission

$918.00

No prior period
Net Income

-$151M

Previous: -$432M+65.1%
Operating Income

-$133M

Previous: -$423M+68.5%
Gross Profit

$48.7M

Previous: $350M-86.1%
Cash & Equivalents

$16.5M

Previous: $84.4M-80.5%
Total Assets

$1.66B

Previous: $2.07B-19.8%
Stock-Based Comp

$4.37M

Previous: $7.2M-39.3%

Revenue & EPS history

GoHealth · Revenue · Quarterly

$69.4M

Q4 2022-84.6%vs Q4 2021
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Revenue by segment

GoHealth · $11.9M total across 4 segments · Q1 2026

  • Medicare Agency Revenue
    $9.8M
  • Other Non-Agency Revenue
    $1.76M
  • Medicare Non-Agency Revenue
    $200K
  • Other Agency Revenue
    $155K

Forward guidance

The Company provided its full year 2023 outlook, and expects total net revenue of $750 - $850 million and Adjusted EBITDA1 of $100 - $140 million, both excluding non-Encompass BPO Services.

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 Q4 2022

Historical avgQ4 2022

-7.7%

Avg return

Earnings day

-9.7%

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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%-23.4%
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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