NYSE$AGL

agilon health inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

agilon health reported a 47% increase in revenue, driven by a 43% growth in Medicare Advantage membership.

agilon health announced its Q3 2021 results, featuring a 47% increase in total revenue to $459 million, driven by a 43% growth in Medicare Advantage membership. Total members on the agilon platform increased by 83% year-over-year to 236,500. The company updated its full-year 2021 guidance for membership, revenue, and Adjusted EBITDA and expects total membership in 2022 to grow by more than 45%.

  • Total revenue increased 47% year-over-year, reaching $459 million.
  • Medicare Advantage membership grew by 43% compared to the previous year.
  • Total membership on the agilon platform increased by 83% year-over-year, totaling 236,500 members.
  • Net loss was $36 million, compared to a net loss of $12 million in 2020.

Headline financials

Total Revenue

$459M

Previous: $313M+46.7%
EPS (adj)

-$0.09

Previous: -$0.03-192.2%
Medicare Advantage Members

184.1K

Previous: 128.7K+43.0%
Avg. MA Members

184.0K

Previous: 128.7K+43.0%
Capital Expenditures

-$3.16M

No prior period
Free Cash Flow

-$39M

No prior period
Net Income

-$35.8M

Previous: -$11.8M-203.1%
Operating Income

-$35.6M

Previous: -$9.84M-261.7%
Cash & Equivalents

$1.08B

No prior period
Total Assets

$1.69B

No prior period

Revenue & EPS history

agilon health · Revenue · Quarterly

$459M

Q3 2021+46.7%vs Q3 2020
Beat estimate in 11 of 11 quarters(100%)
ActualEstimate

Revenue by segment

agilon health · $459M total across 2 segments · Q3 2021

  • Medical Services Revenue
    $458M+46.8%
  • Other Operating Revenue
    $967K+1.8%

Forward guidance

agilon health raised its 2021 guidance for membership, revenue, and Adjusted EBITDA. The company expects total membership in 2022 will increase by more than 45%, with Medicare Advantage growing over 40%.

Tailwinds

  • Ending MA Members between 185,000 and 186,000
  • Ending DCE Members between 50,000 and 52,000
  • Total revenues between $1,820 million and $1,825 million
  • Adjusted EBITDA between $(40) million and $(37) million
  • Total members live on the platform will increase by over 45% on a year-over-year basis during 2022.

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 2021

Historical avgQ3 2021

-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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