NYSE$NEUE

NeueHealth Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong performance due to progress in reducing medical costs, accurate risk adjustment capture, and improving operational performance.

Bright Health Group reported a revenue of $1.6 billion, up 41.5% from Q2'21. The GAAP Net Loss was $251.3 million, and the Adjusted EBITDA Loss was $194.9 million. The Enterprise Medical Cost Ratio was 88.8%. The company reaffirmed its 2022 Consolidated Revenue, MCR, and Adjusted EBITDA guidance.

  • Revenue of $1.6 billion, up 41.5% from Q2'21.
  • GAAP Net Loss of $251.3 million.
  • Adjusted EBITDA Loss of $194.9 million.
  • Enterprise Medical Cost Ratio of 88.8%.

Headline financials

Total Revenue

$1.58B

Previous: $1.11B+41.5%
EPS (adj)

-$36.00

Previous: -$22.40-60.7%
Operating Cost Ratio

26.2%

Previous: 23.4%+12.0%
Capital Expenditures

-$15.2M

Previous: -$10.6M-43.6%
Free Cash Flow

$712M

Previous: $487M+46.2%
Net Income

-$275M

Previous: -$44.5M-517.0%
Operating Income

-$248M

Previous: -$59M-320.2%
Gross Profit

$1.58B

Previous: $1.11B+41.5%
Cash & Equivalents

$1.43B

Previous: $1.51B-5.2%
Total Assets

$5.26B

Previous: $3.6B+46.1%
Stock-Based Comp

$20.2M

Previous: $13.9M+45.7%

Revenue & EPS history

NeueHealth · Revenue · Quarterly

$1.58B

Q2 2022+41.5%vs Q2 2021
Beat estimate in 2 of 7 quarters(29%)
ActualEstimate

Forward guidance

Bright Health Group expects a total revenue of $6.8 billion to $7.1 billion with an expected enterprise Medical Cost Ratio between 90% and 94%. Bright HealthCare end-of-year membership is expected to be approximately 1,000,000, while NeueHealth Revenue is expected to be approximately $2.2 billion. Adjusted EBITDA for 2022 is expected to be a loss of between $500.0 million and $800.0 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-2.0%

Avg return

Earnings day

-6.9%

Avg return

5 days after

-17.7%

Avg return

30 days after

45%

10 / 22 earnings

Positive

+46.5%

Q1 2023

Best reaction

-43.1%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025+0.0%-2.2%-2.1%
Q1 2025-2.2%-0.4%-1.5%
Q4 2024+8.9%+30.9%+29.9%
Q3 2024+2.2%+2.5%+7.8%
Q2 2024-3.6%+2.3%-4.4%
Q1 2024-4.0%-3.7%-14.3%
Q4 2023+7.6%-6.0%-27.7%
Q3 2023-1.5%-10.2%-15.5%
Q2 2023-21.8%-27.8%-61.3%
Q1 2023+46.5%+7.2%-14.1%
Q4 2022-43.1%-48.8%-77.2%
Q3 2022+4.3%-3.7%-15.3%
Q2 2022-9.3%+2.1%-15.1%
Q1 2022+35.7%+26.0%-0.6%
Q4 2019-2.6%-1.3%-16.4%
Q4 2021-29.5%-42.9%-35.6%
Q3 2020+1.3%-13.1%-15.4%
Q3 2021-35.1%-34.4%-40.5%
Q2 2020+5.1%
Q1 2021+5.1%
Q4 2020+5.1%
Q2 2021-13.6%

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