---
schema_version: "secwatch.filing_event.v1"
accession: "0001071739-26-000031"
form_type: "8-K"
ticker: "CNC"
cik: "0001071739"
company_name: "CENTENE CORP"
filed_at: "2026-02-06T23:59:59+00:00"
generated_at: "2026-05-16T04:01:46.375909+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Centene reports FY 2025 GAAP loss of $13.53 per share; guides FY 2026 adj. EPS >$3.00

## Summary
- Full-year GAAP diluted loss per share $(13.53) includes $6.7B goodwill impairment; adjusted diluted EPS $2.08.
- Q4 premium and service revenues $44.7B (+23% YoY); HBR 94.3% vs 89.6% due to Marketplace morbidity and PDP program changes.
- Medicaid membership fell to 12.5M from 13.0M; Marketplace membership rose to 5.5M from 4.4M.
- Signed definitive agreement to divest remaining Magellan Health businesses; recorded $513M impairment.
- 2026 guidance: adjusted diluted EPS >$3.00, with expected margin improvement and EPS growth.

## SEC filing metadata
- accession: 0001071739-26-000031
- form_type: 8-K
- ticker: CNC
- cik: 0001071739
- company_name: CENTENE CORP
- filed_at: 2026-02-06T23:59:59+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/1071739/000107173926000031/0001071739-26-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1071739/000107173926000031/cnc-20260206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001071739-26-000031
- JSON: https://secwatch.observer/filing/0001071739-26-000031.json
- Plain text: https://secwatch.observer/filing/0001071739-26-000031.txt

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