agilon health Q2 revenue up 39% to $1.48B but net loss widens to $31M

agilon health, inc.

Revenue $1.48B (+39% YoY); MA membership 513K (+38%).
Net loss $31M vs $17M loss year ago; gross profit fell to $32M from $55M.
Medical margin $106M (down 21% YoY); Adjusted EBITDA loss $3M vs $12M gain.
Retroactive termination of unprofitable contracts cut membership by 17K and revenue by $110M.
Maintains FY2024 medical margin ($400-450M) and Adjusted EBITDA (-$60 to -$15M) guidance.

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