GoHealth(US:GOCO) Globenewswireยท2025-05-13 11:00Core Insights - GoHealth, Inc. reported strong financial results for Q1 2025, highlighting significant growth in revenue and improved operational metrics [1][3][6] - The company launched GoHealth Protect, expanding its product offerings to include guaranteed acceptance life insurance, aiming to enhance customer relationships and unit economics [3][6] Financial Performance - Q1 2025 net revenues reached $221.0 million, a 19.1% increase from $185.6 million in Q1 2024 [6][19] - The net loss for Q1 2025 was $9.8 million, showing a 54.2% improvement compared to a net loss of $21.3 million in the prior year [6][19] - Adjusted EBITDA for Q1 2025 was $42.1 million, a 56.4% increase from $26.9 million in Q1 2024 [6][19] - The number of submissions increased to 303,026, a 40.2% rise from 216,148 submissions in the same period last year [6][26] Operational Metrics - Direct Operating Cost per Submission improved to $522, an 18.4% decrease from $640 in Q1 2024 [6][26] - The company reported a total operating expense of $214.3 million, a 13.0% increase from $189.6 million in the prior year [19] - The Adjusted EBITDA Margin for Q1 2025 was 19.0%, compared to 14.5% in Q1 2024 [20][19] Product Development - The launch of GoHealth Protect aims to diversify the company's offerings and improve customer engagement [3][6] - The new product suite is expected to enhance cash flow generation and reduce customer acquisition costs as it scales [3][6]