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Astrana Health

ASTH

Astrana Health is a physician-centric, technology-powered healthcare company that operates an integrated delivery platform focused on value-based care.

Market cap
$1.89B+70.4%
Revenue$3.5B+56.7%
Net income$30.2M-46.8%
Free cash flow$160.9M+126%
EPS (diluted)$0.62-47.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$985.7M
EPS estimate$0.33

Financials

Q1 2026

Income statement

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Revenue$965.1M+55.6%
Gross profit$105.7M+48.2%
Operating income$28.5M+38.6%
Net income$14.4M+116%
EPS (diluted)$0.29+107%

Balance sheet

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Cash & equivalents$478.4M+85.0%
Total debt$1.1B+136%
Total equity$800.3M+7.4%
Total assets$2.4B+77.2%

Cash flow

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Operating cash flow$68.1M+309%
CapEx$4.0M+30.3%
Free cash flow$64.1M+372%

Valuation & ratios

Valuation

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Market cap$1.89B+70.4%
Enterprise value$2.48B+107%
P/E62.6×
P/S0.5×+0.1×

Profitability

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Gross margin10.7%-1.3pp
Operating margin2.5%-1.1pp
Net margin0.9%
FCF margin4.6%

Returns & leverage

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Return on equity3.9%
Debt / equity1.3×+0.7×
Current ratio1.3×-0.4×

Segments

By product

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Health Care Patient Service$37.8M+154%
Management Service$15.7M+579%
Health Care Other$12.5M-13.8%

Competitors

Profile

Astrana Health is a physician-centric, technology-powered healthcare company that operates an integrated delivery platform focused on value-based care. The company enables independent providers to manage total cost of care through risk-bearing arrangements across Medicare, Medicaid, and commercial insurance lines. By leveraging a proprietary technology suite, the company coordinates high-quality, cost-effective medical services for over a million patients.

Competitive position

A leading risk-bearing healthcare platform that differentiates through a proprietary technology suite and a 'single payer' model for independent provider networks.

GeographiesUnited States, California
Customer segmentsPhysicians, Health Plans, Government Agencies, Patients
Business modelValue-based Care, Capitation, Management Services Organization (MSO), Risk-sharing
SuppliersProprietary Software Development, Medical Supply Manufacturers, Pharmaceutical Wholesalers, Licensed Medical Professionals
CustomersMedicare & Medicaid Beneficiaries, Commercial Health Plan Enrollees, HMOs, Self-insured Employers
Listed2007
Employees1.8K
CEOBrandon K. Sim
FilingsSEC EDGAR

Questions, answered.

What is Astrana Health's market cap?
Astrana Health (ASTH) has a market capitalization of $1.9B and trades on NASDAQ.
What is Astrana Health's revenue and profitability?
Astrana Health generated $3.5B in trailing twelve-month revenue with net income of $30.2M, representing a net margin of 0.9%. Gross margin stands at 10.7%, with free cash flow of $160.9M. These figures are based on the Q1 2026 filing.
Who are Astrana Health's competitors?
Astrana Health's key competitors include Agilon Health, Privia Health, Oak Street Health, and others. These companies compete in similar markets and product categories.
Who does Astrana Health partner with?
Astrana Health's notable partners include Centers for Medicare & Medicaid Services.
Where is Astrana Health headquartered?
Astrana Health is headquartered in United States of America and employs approximately 1,800 people. It has been publicly traded since 2007.