Investor Relations

Latest Financial Results

Mar 2, 2026 • 7:00 AM EST

FY 2025 Year End Results

Fiscal Year Ended Dec 31, 2025

Earnings Release PDF
Earnings Webcast Transcript
Presentation
10-K PDF
XBRL
$3,181.8M

Total revenue of $3,181.8 million, up 56% from $2,034.5 million

$3,022.6M

Care Partners revenue of $3,022.6 million, up 55% from $1,949.0 million

Source: Q4 2025 Earnings Release

For complete information regarding our financials, see our periodic filings

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Latest Financial Results

FY 2025

Fiscal Year Ended Dec 31, 2025

$3,181.8M

Total revenue of $3,181.8 million, up 56% from $2,034.5 million

$3,022.6M

Care Partners revenue of $3,022.6 million, up 55% from $1,949.0 million

Source: Q4 2025 Earnings Release

For complete information regarding our financials, see our periodic filings

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2025

View 10-K

Empowering Healthcare Providers to Succeed in Value-based Care

Astrana Health is a leading physician-centric, technology-powered, risk-bearing healthcare management company. Leveraging its proprietary population health management and healthcare delivery platform, Astrana Health operates an integrated, value-based healthcare model, which aims to empower the providers in its network to deliver the highest quality of care to its patients in a cost-effective manner.

Stock Snapshot

Astrana Health Revenue FY 2025

Total Revenue

(in thousands)

Year Amount
2022 $1144163
2023 $1386661
2024 $2034540
2025 $3181769

Revenue Streams

Revenue Streams

2022 Revenue Streams

2022

Segment Value
Capitation $930131
Risk pool settlements and incentives $117254
Management fee income $41094
Fee-for-service $49517
Other income $6167

2023 Revenue Streams

2023

Segment Value
Capitation $1215614
Risk pool settlements and incentives $63468
Management fee income $38677
Fee-for-service $59658
Other income $9244

2024 Revenue Streams

2024

Segment Value
Capitation $1856785
Risk pool settlements and incentives $86224
Management fee income $13979
Fee-for-service $62331
Other income $15221

2025 Revenue Streams

2025

Segment Value
Capitation $2924265
Risk pool settlements and incentives $86199
Management fee income $30394
Fee-for-service $112635
Other income $28276

As of Dec 31, 2025 • 2025 10-K

For complete information regarding our financials, see our periodic filings.

Managing Members’ Medical Lives via Our Subsidiaries

Allied Pacific IPA
Alpha Care Medical Group
Accountable Health Care IPA
Network Medical Management
APAACO

Astrana Health’s Differentiators

Cutting-edge Platform

Our proprietary innovative platform leverages data analytics, machine learning and artificial intelligence, along with years of clinical expertise, to address common pain points in healthcare delivery including automated medical claims adjudication.

Our Risk-bearing Model

Through our consolidated IPAs, we take on the full risk of providing care to these patients. In this model, our various healthcare payor partners allocate a certain amount of money per patient to us to meet the patient’s needs. Astrana Health sub-capitates these payments to its contracted physicians, meaning that they are paid the same amount regardless of whether a patient seeks care. However, physicians are eligible to receive additional bonuses if they surpass certain care benchmarks, further aligning financial incentives with efficient and quality care delivery.

Full Spectrum of Care

We are one of the country’s largest population health management companies. We offer a full spectrum of high-quality care through our MSOs, IPAs and ACO.

Investor Contact Information

Corporate Office

Astrana Health, Inc.
1668 S. Garfield Avenue
2nd Floor
Alhambra, CA 91801

Investor Relations

Grant Hesser
Grant.hesser@astranahealth.com