agilon health inc. · Q2 2021 earnings

Briefing

agilon health's second quarter results reflected continued momentum, with Medicare Advantage membership increasing 45% year-over-year and total members on the platform growing to over 280,000.

agilon health reported a 70% increase in total revenue to $499 million, driven by a 45% increase in Medicare Advantage membership. However, the company reported a net loss of $299 million, which includes $275 million in non-cash stock-based compensation expenses.

• Total revenue increased 70% from 2020 to $499 million.
• Medicare Advantage membership increased 45% from 2020.
• Same geography membership growth was 17% from 2020.
• Net loss was $299 million, including $275 million in non-cash stock-based compensation expenses.

Headline financials

Revenue & EPS history

agilon health provided guidance for the third quarter and full year 2021. The company expects ending members to be between 183,000 and 184,000 for Q3 2021 and between 184,000 and 185,000 for the full year. Total revenues are expected to be between $450 million and $453 million for Q3 2021 and between $1.81 billion and $1.82 billion for the full year. Adjusted EBITDA is expected to be a loss between $41 million and $38 million for Q3 2021.