agilon health Reports First Quarter 2021 Results
Agilon Health, Inc. (NYSE: AGL) reported a strong first quarter for 2021, achieving total revenues of $413 million, a 42% increase compared to the previous year. Membership numbers grew by 35%, reaching approximately 165,300, with further increases expected due to a new group Medicare Advantage contract. Although they reported a net loss of $14 million, adjusted EBITDA improved to $4 million, up from $3 million in 2020. The company plans to support growth with IPO proceeds, aiming for 175,000 to 177,000 members by Q2 2021.
- Revenue growth of 42% year-over-year, totaling $413 million.
- Membership increased 35% to approximately 165,300 as of March 31, 2021.
- Medical Margin improved to $52 million, up from $42 million in 2020.
- Adjusted EBITDA rose to $4 million, compared to $3 million in 2020.
- Net loss from continuing operations of $14 million, worsened from $8 million in 2020.
agilon health, inc. (NYSE: AGL), the company transforming health care for seniors by empowering primary-care physicians to focus on the entire health of their patients, announced results for the first quarter ended March 31, 2021.
First Quarter 2021 Results:
-
Total revenue of
$413 million increased42% from 2020 and would have increased approximately50% including a recently completed group Medicare Advantage (MA) contract that is retroactive to January 2021 -
Members of approximately 165,300 as of March 31 increased
35% from 2020 and would have increased42% to approximately 174,300 including the retroactive group contract -
Same geography membership growth of
8% from 2020 and same geography membership growth of15% including the retroactive group contract -
Net loss from continuing operations of
$14 million , compared to$8 million in 2020 -
Medical Margin of
$52 million , compared to$42 million in 2020 -
Adjusted EBITDA of
$4 million , compared to$3 million in 2020
“We are pleased with our first quarter results, highlighted by
Outlook for Second Quarter and Fiscal Year 2021:
Quarter Ending
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Year Ending
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Low |
High |
Low |
High |
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Ending members |
175,000 |
|
177,000 |
|
182,000 |
|
184,000 |
Total revenues ($M) |
|
|
|
|
|
|
|
Adjusted EBITDA ($M) |
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FAQ
What were Agilon Health's Q1 2021 revenue figures?
Agilon Health reported total revenues of $413 million for Q1 2021, a 42% increase from 2020.
How much did Agilon Health's membership grow in Q1 2021?
Membership grew by 35%, reaching approximately 165,300 members as of March 31, 2021.
What is the net loss reported by Agilon Health for Q1 2021?
Agilon Health reported a net loss from continuing operations of $14 million for Q1 2021.
What is Agilon Health's adjusted EBITDA for Q1 2021?
Agilon Health achieved an adjusted EBITDA of $4 million for Q1 2021.
What are the expected membership figures for Agilon Health in Q2 2021?
Agilon Health anticipates ending Q2 2021 with between 175,000 and 177,000 members.
agilon health, inc.
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Medical Care Facilities
Services-misc Health & Allied Services, Nec
United States of America
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