---
schema_version: "secwatch.filing_event.v1"
accession: "0001071739-25-000185"
form_type: "8-K"
ticker: "CNC"
cik: "0001071739"
company_name: "CENTENE CORP"
filed_at: "2025-10-29T23:59:59+00:00"
generated_at: "2026-05-17T01:34:18.185573+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Centene Q3 GAAP loss $(13.50) from $6.7B impairment; adjusted EPS $0.50; raises FY guide to $2.00

## Summary
- GAAP diluted loss per share $(13.50) driven by $6.7B non-cash goodwill impairment; adjusted diluted EPS $0.50.
- Premium and service revenues $44.9B (+22% YoY) with Medicaid HBR 93.4% including 40bp retroactive benefit.
- Raises FY2025 adjusted diluted EPS forecast to at least $2.00 from $1.75, citing margin progress.
- Total at-risk membership 27.97M (+8% YoY); Marketplace membership up 29% to 5.8M; TRICARE ended.
- Operating cash flow $1.356B; debt-to-capital ratio 45.5% after retained earnings reduction.

## SEC filing metadata
- accession: 0001071739-25-000185
- form_type: 8-K
- ticker: CNC
- cik: 0001071739
- company_name: CENTENE CORP
- filed_at: 2025-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1071739/000107173925000185/0001071739-25-000185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1071739/000107173925000185/cnc-20251029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001071739-25-000185
- JSON: https://secwatch.observer/filing/0001071739-25-000185.json
- Plain text: https://secwatch.observer/filing/0001071739-25-000185.txt

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