secwatch.observer — SEC 8-K summary
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Issuer:     agilon health, inc. (AGL)
CIK:        0001831097
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001628280-24-046267
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

agilon health reports Q3 revenue up 28% to $1.45B but net loss widens to $118M; slashes FY2024 guidance
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- Medicare Advantage members grew 37% to 525,000; total platform members 657,000 (+39% YoY).
- Gross profit negative $64M vs positive $37M prior year; medical margin negative $58M vs $111M.
- Adjusted EBITDA loss of $96M vs +$6M YoY; net loss $118M vs $31M.
- FY2024 medical margin guidance slashed to $210-240M from $400-450M; Adj. EBITDA loss guidance widened to $155-135M.
- Initiating exit of two unprofitable partnerships and other payor contracts by end of 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831097/000162828024046267/0001628280-24-046267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831097/000162828024046267/agl-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046267

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer