NYSE$AGL

agilon health inc. · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

agilon health delivered strong performance driven by the durability and predictability of its partnership model.

agilon health reported a 71% increase in revenue to $1.15 billion, a 57% increase in Medicare Advantage membership to 408,900, and growth in total members live on the agilon platform to 495,900.

  • Total members live on the agilon platform increased to 495,900 as of June 30, 2023, including 408,900 Medicare Advantage members and 87,000 ACO REACH beneficiaries.
  • Medicare Advantage membership increased 57%, with 9% growth in same geographies.
  • Total revenue of $1.15 billion increased 71% during the second quarter 2023 compared to $670 million in the second quarter 2022.
  • Gross Profit of $57 million in the second quarter 2023, compared to $34 million in the second quarter 2022.

Headline financials

Total Revenue

$1.15B

Previous: $670M+71.5%
EPS (adj)

-$0.04

Previous: -$0.04+0.0%
Medicare Advantage Members

408.9K

Previous: 261.2K+56.5%
Total Members

495.9K

No prior period
Avg. MA Members

409.7K

Previous: 265.4K+54.4%
Capital Expenditures

-$7.81M

Previous: -$8.5M+8.1%
Free Cash Flow

-$24.6M

Previous: -$29.2M+15.8%
Net Income

-$16.7M

Previous: -$20.6M+18.9%
Operating Income

-$29.8M

Previous: -$21.1M-41.7%
Gross Profit

$57M

No prior period
Cash & Equivalents

$191M

Previous: $669M-71.4%
Total Assets

$2.35B

Previous: $1.84B+27.8%

Revenue & EPS history

agilon health · Revenue · Quarterly

$1.15B

Q2 2023+71.5%vs Q2 2022
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 the third quarter 2023.

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 Q2 2023

Historical avgQ2 2023

-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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