---
schema_version: "secwatch.filing_event.v1"
accession: "0001071739-25-000151"
form_type: "8-K"
ticker: "CNC"
cik: "0001071739"
company_name: "CENTENE CORP"
filed_at: "2025-07-25T23:59:59+00:00"
generated_at: "2026-05-18T00:48:38.973831+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Centene Q2 2025: diluted loss per share $(0.51); HBR rises to 93.0%

## Summary
- GAAP diluted loss per share $(0.51); adjusted diluted loss per share $(0.16).
- Premium & service revenues $42.5B (+18% YoY); total revenues $48.7B.
- Health benefits ratio 93.0% vs 87.6% YoY, driven by Marketplace risk adjustment reduction and higher Medicaid medical costs.
- SG&A expense ratio improved to 7.1% from 8.0% YoY; cash flow from operations $1.8B.
- CEO cites disappointment; Medicaid membership fell 0.3M due to redeterminations; Marketplace membership up 1.5M.

## SEC filing metadata
- accession: 0001071739-25-000151
- form_type: 8-K
- ticker: CNC
- cik: 0001071739
- company_name: CENTENE CORP
- filed_at: 2025-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1071739/000107173925000151/0001071739-25-000151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1071739/000107173925000151/cnc-20250725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001071739-25-000151
- JSON: https://secwatch.observer/filing/0001071739-25-000151.json
- Plain text: https://secwatch.observer/filing/0001071739-25-000151.txt

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