Financial Performance - Q2 2025 - Revenue reached $654.8 million[9], a 35% increase compared to Q2 2024's $486.3 million[30] - Adjusted EBITDA was $48.1 million[9], slightly up from $47.917 million in Q2 2024[30] - Net income attributable to Astrana Health was $9.4 million[9], compared to $19.171 million in Q2 2024[30] - EPS-Diluted was $0.19[9], down from $0.40 in Q2 2024[30] FY2025 Guidance - Total revenue is projected to be in the range of $3.1 billion to $3.3 billion[11] - Adjusted EBITDA is expected to be between $215 million and $225 million[11] Business Growth & Risk Management - Astrana Health now serves over 1.6 million patients in value-based arrangements following the acquisition of Prospect[13] - Care Partners segment has 1.4 million members pro forma[13] - 78% of revenues are from fully capitated arrangements, compared to 60% a year ago[13] - The company anticipates 75-85% of capitation revenue from full-risk arrangements exiting 2025[20]

Financial Performance - Q1 2025 - Revenue for Q1 2025 was $6204 million[10], a 53% increase compared to $4044 million in Q1 2024[27] - Net income attributable to Astrana Health was $67 million[10] - Adjusted EBITDA for Q1 2025 was $364 million[10], with an Adjusted EBITDA margin of 6%[41] - The company is projecting full year 2025 revenue to be between $25 billion and $27 billion[23, 33] - The company is projecting full year 2025 Adjusted EBITDA to be between $170 million and $190 million[25, 33] Segment Performance - Q1 2025 - Care Partners segment revenue was $6010 million in Q1 2025[27], representing a 57% increase year-over-year[38] - Care Delivery segment revenue was $334 million in Q1 2025[27], representing a 9% increase year-over-year[38] - Care Enablement segment revenue was $396 million in Q1 2025[27], representing a 19% increase year-over-year[38] Risk Arrangement & Membership - 75% of total capitation revenue came from full-risk arrangements[14] - 38% of Care Partners members are in full-risk arrangements[14] - The company projects that 75-85% of capitation revenue will come from full-risk arrangements by the end of 2025[21] - Care Partners segment has 910000 members[14] Strategic Initiatives - The company expects to achieve at least $10 million in annual operating efficiencies by early 2026 through investments in automation and AI[13]