How did Astrana Health's revenue and expenses trend in Q4 2024?

Astrana Health's revenue and expenses in Q4 2024 showed a business-centric pattern, with significant contributions from capitation and risk pool settlements and incentives. Here's a detailed analysis: 1. **Revenue Segmentation**: - The company's revenue was largely driven by capitation, amounting to $1.86 billion. - Other business segments, such as risk pool settlements and incentives, fee-for-service, and management fee income, contributed to the revenue pool, with figures of $1.24 billion, $86.22 million, $62.33 million, and $57.56 million, respectively. - The remaining segments, including other income, management fee income, and risk pool settlements and incentives, contributed an additional $54.59 million, $13.98 million, and $8.87 million, respectively. 2. **Expense Analysis**: - Total expenses for the quarter were $665.21 million. - The company incurred significant expenses related to capitation, which, along with other business expenses, totaled $665.21 million. 3. **Net Income**: - Despite the substantial revenue, Astrana Health reported a net loss of $7.78 million for the quarter. - This indicates that while the company generated significant revenue, it was not enough to cover its expenses, resulting in a negative net income. In conclusion, Astrana Health's Q4 2024 financials show a strong revenue base, primarily driven by capitation and various business segments. However, the company faced challenges in managing its expenses, which ultimately led to a net loss. This trend suggests that Astrana Health may need to focus on optimizing its operational efficiency and controlling costs to improve its financial performance in the future. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |ASTH|ASTH.O|Astrana Health|20240101-2024|Other|1.5221E7|186| |ASTH|ASTH.O|Astrana Health|20240101-2024|Other|8865000|186| |ASTH|ASTH.O|Astrana Health|20240101-2024|Other|4774000|186| |ASTH|ASTH.O|Astrana Health|20240101-2024|Other|1054000|186| |ASTH|ASTH.O|Astrana Health|20240101-2024|Other|1054000|186| |ASTH|ASTH.O|Astrana Health|20240101-2024|Management Fee Income|4078000|186| |ASTH|ASTH.O|Astrana Health|20240101-2024|Risk Pool Settlements and Incentives|1.7377E7|186| |ASTH|ASTH.O|Astrana Health|20240101-2024|Capitation|3.6591E8|186| |ASTH|ASTH.O|Astrana Health|20240101-2024|Fee-for-service|1.5937E7|186| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |ASTH|ASTH.O|Astrana Health|2024 Q1|35.02562459961563|1.6862E7|186| |ASTH|ASTH.O|Astrana Health|2024 Q2|25.07722228577966|2.1866E7|186| |ASTH|ASTH.O|Astrana Health|2024 Q3|-32.145282951417435|1.8981E7|186| |ASTH|ASTH.O|Astrana Health|2024 Q4|-8173.404255319148|-7777000|186| |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |ASTH|ASTH.O|Astrana Health|2024 Q1|19.90013165541863|4.04356E8|186| |ASTH|ASTH.O|Astrana Health|2024 Q2|39.64745311005747|4.86265E8|186| |ASTH|ASTH.O|Astrana Health|2024 Q3|37.491993922561484|4.7871E8|186| |ASTH|ASTH.O|Astrana Health|2024 Q4|88.42525974688134|6.65209E8|186|