---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-057255"
form_type: "8-K"
ticker: null
cik: "0001813914"
company_name: "CareMax, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:45:56.632269+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CareMax Q1 revenue up 34% to $232.2M; adjusted EBITDA loss widens; exploring asset sales

## Summary
- Medicare Advantage membership 107K (+12% YoY); total revenue $232.2M (+34% YoY).
- Net loss $43.4M improved from $82.1M loss YoY; adjusted EBITDA loss $10.5M vs $0.4M loss.
- Medical Expense Ratio worsened to 87.8% from 75.2% YoY; utilization trends improving.
- Exploring strategic options to maximize asset value and generate liquidity; cash $41M.
- Limited waiver of credit facility covenants in place; engaged with lenders and advisors.

## SEC filing metadata
- accession: 0000950170-24-057255
- form_type: 8-K
- cik: 0001813914
- company_name: CareMax, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813914/000095017024057255/0000950170-24-057255-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813914/000095017024057255/cmax-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-057255
- JSON: https://secwatch.observer/filing/0000950170-24-057255.json
- Plain text: https://secwatch.observer/filing/0000950170-24-057255.txt

## Key facts
- Earnings Releases
  CareMax, Inc. reported first quarter ended March 31, 2024 results: revenue $232.2 million, net income $43.4 million.
  - Period: first quarter ended March 31, 2024
  - Revenue: $232.2 million
  - Net income: $43.4 million
  - Result: reported results
  source text: --- EX-99.1 EX-99.1 CareMax Reports First Quarter 2024 Results • First Quarter Medicare Advantage Membership of 107,000, up 12% year-over-year • First Quarter Total Revenue of $232.2 million, up 34% year-over-year • Continuing to Explore Strategic Options to Maximize Value of Certain Assets and Generate Further Liquidity Miami, FL - May 9, 2024 - CareMax, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813914/000095017024057255/0000950170-24-057255-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.