Significant Membership Growth
Health plan membership reached 182,300 members, representing a 58% growth year-over-year and surpassing year-end membership guidance.
Revenue and Profit Growth
Total revenue of $692 million grew approximately 52% year-over-year and 62% excluding ACO REACH. Adjusted gross profit reached $81 million, with adjusted EBITDA of $6 million.
Strong Star Ratings
98% of health plan members are in plans rated 4-stars or above for 2025. The company achieved consistent high ratings across multiple states, including a 5-star rating in Nevada and North Carolina.
Positive Financial Outlook
Expecting 2025 growth target of at least 20% and consensus adjusted EBITDA of approximately $40 million, driven by strategic investments and margin expansion.
SG&A Improvements
Adjusted SG&A as a percentage of revenue declined by 540 basis points year-over-year, reflecting operational scalability and cost management.