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Dec 31, 2024
Astrana Health Q4 2024 Earnings Report
Astrana Health, Inc. reported its financial results for the fourth quarter and year ended December 31, 2024, showing significant revenue growth but a net loss for the quarter.
Key Takeaways
Astrana Health, Inc. experienced substantial revenue growth in Q4 2024, with total revenue increasing by 88% year-over-year, primarily driven by a 98% increase in Care Partners revenue; however, the company reported a net loss of $7.0 million for the quarter, compared to a net income in the prior year period.
Total revenue for Q4 2024 increased by 88% to $665.2 million, up from $353.0 million in Q4 2023.
Care Partners revenue grew by 98% to $647.7 million in Q4 2024, compared to $326.8 million in Q4 2023.
The company reported a net loss attributable to Astrana of $7.0 million in Q4 2024, a decline from a net income of $12.4 million in Q4 2023.
Adjusted EBITDA for Q4 2024 increased by 21% to $35.0 million, up from $29.0 million in Q4 2023.
Revenue by Segment
Forward Guidance
For 2025, Astrana Health, Inc. projects total revenue between $2.5 billion and $2.7 billion, and Adjusted EBITDA between $170 million and $190 million, based on existing business and market conditions, including strategic investments in automation and AI, and integration costs from planned acquisitions.
Positive Outlook
- Guidance includes approximately $15 million in expected costs for continued strategic investments in automation and AI.
- Guidance includes ongoing and expected integration costs associated with planned acquisitions.
- The company's existing business forms the basis for the guidance, indicating stability.
- Current view of existing market conditions is factored into the guidance.
- Assumptions for the year ending December 31, 2025, are incorporated.
Challenges Ahead
- Guidance does not include contributions from any acquisitions which have not yet closed.
- There is no assurance that actual amounts will not be materially higher or lower than these expectations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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