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Mar 31, 2021
agilon health Q1 2021 Earnings Report
agilon health reported first quarter results, demonstrating revenue and membership growth.
Key Takeaways
agilon health's first quarter results showed a 42% increase in total revenue to $413 million and a 35% increase in membership. Including a retroactive group MA contract, revenue growth would have been approximately 50% and membership growth would have been 42%. The company reported a net loss from continuing operations of $14 million and an Adjusted EBITDA of $4 million.
Total revenue increased 42% year-over-year to $413 million.
Membership increased 35% year-over-year to approximately 165,300.
Same geography membership growth increased 8% from 2020 and same geography membership growth of 15% including the retroactive group contract
Net loss from continuing operations was $14 million, compared to $8 million in 2020.
Revenue by Segment
Forward Guidance
agilon health provided guidance for the second quarter and full fiscal year 2021, including estimates for ending members, total revenues, and Adjusted EBITDA.
Positive Outlook
- Second quarter 2021 total revenue is expected to be between $470 million and $475 million.
- Full year 2021 total revenue is expected to be between $1.765 billion and $1.780 billion.
- Second quarter 2021 ending members are expected to be between 175,000 and 177,000.
- Full year 2021 ending members are expected to be between 182,000 and 184,000.
- Total revenue outlook for the second quarter 2021 includes an estimated $24 million associated with the group MA contract attributable to the first quarter.
Challenges Ahead
- Second quarter 2021 Adjusted EBITDA is expected to be between $(41) million and $(38) million.
- Adjusted EBITDA loss reflected in the full year 2021 outlook is expected to be weighted to the back half of the fiscal year.
- The company has not reconciled guidance for Adjusted EBITDA to net income (loss).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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