NYSE$AGL

agilon health inc. · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

agilon health reported first quarter results in line with guidance, with revenue increasing by 52% and Medicare Advantage membership increasing by 43%.

agilon health's first quarter results showed revenue of $1.6 billion, a 52% increase year-over-year, and a 43% increase in Medicare Advantage membership. The company is focused on executing its performance action plan to drive profitability and enhance operating efficiency.

  • Total members on the agilon platform increased to 654,000, including 523,000 Medicare Advantage members and 131,000 ACO model beneficiaries.
  • Total revenue increased 52% to $1.60 billion compared to $1.05 billion in the first quarter of 2023.
  • Gross profit increased slightly to $75 million compared to $73 million in the first quarter of 2023.
  • The company continues to execute its performance action plan, focusing on payor relationships, physician onboarding, data visibility, and operating efficiency.

Headline financials

Total Revenue

$1.6B

Previous: $1.14B+41.2%
EPS

-$0.01

Previous: $0.04-125.0%
Medicare Advantage Members

523.0K

Previous: 402.2K+30.0%
ACO Model Members

131.0K

No prior period
Total Members

654.0K

No prior period
Avg. MA Members

518.0K

Previous: 399.8K+29.6%
Medical Margin

$157M

No prior period
Adjusted EBITDA

$29.1M

No prior period
Geography Entry Costs

$10.5M

No prior period
Capital Expenditures

-$3.14M

Previous: -$3.72M+15.6%
Free Cash Flow

-$9.2M

Previous: $12.3M-174.8%
Net Income

-$6.06M

Previous: $16M-137.8%
Operating Income

-$7.18M

Previous: $6.26M-214.6%
Cash & Equivalents

$112M

Previous: $394M-71.7%
Total Assets

$2.32B

Previous: $2.17B+6.7%

Revenue & EPS history

agilon health · Revenue · Quarterly

$1.6B

Q1 2024+41.2%vs Q1 2023
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

agilon health · $1.15B total across 2 segments · Q2 2023

  • Medical Services Revenue
    $1.15B+71.4%
  • Other Operating Revenue
    $2.01M+111.4%

Forward guidance

agilon health provided outlook for fiscal year 2024 and second quarter 2024.

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 Q1 2024

Historical avgQ1 2024

-2.6%

Avg return

Earnings day

-0.0%

Avg return

5 days after

+6.7%

Avg return

30 days after

50%

10 / 20 earnings

Positive

+20.2%

Q4 2025

Best reaction

-36.1%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.2%+122.0%+256.9%
Q4 2025+20.2%+13.4%-20.8%
Q3 2025+5.1%-9.0%-9.9%
Q1 2025-25.6%-33.4%-51.6%
Q4 2024-7.4%-17.9%+23.7%
Q3 2024-36.1%-35.1%-24.7%
Q2 2024-12.7%-14.6%-36.8%
Q1 2024+7.5%+7.5%+40.8%
Q4 2023+3.1%-2.1%-1.1%
Q3 2023-13.1%-19.0%-33.1%
Q2 2023+0.7%+3.7%-7.9%
Q1 2023-3.4%-6.6%-18.9%
Q4 2022+15.4%+14.8%+12.0%
Q3 2022-12.7%-7.9%-8.6%
Q2 2022-3.3%-0.4%-20.3%
Q1 2022-8.6%-19.4%+1.3%
Q4 2021+10.6%+2.4%+31.7%
Q3 2021+2.7%+3.6%-9.5%
Q2 2021-3.8%-6.3%-3.4%
Q1 2021+6.3%+4.0%+14.0%
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019

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