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Astrana Health ASTH Care Delivery — Operating Income

Other segment segments

Care Partners
$35.78M+89.0%
Care Enablement
$10.94M+615%

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Other financials

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

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Market cap$1.69B+68.1%
Enterprise value$2.28B+104%
P/E56×
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×

Where this comes from

Reported directly by Astrana Health in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Astrana Health’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 6:01 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-213157
Line itemCare PartnersCare DeliveryCare EnablementIntersegment EliminationCorporate CostsConsolidated Total
Third Party$908,791$40,550$15,759$965,100
Intersegment91244,52771,986(117,425)
Total revenues909,70385,07787,745(117,425)965,100
Cost of services785,53172,54448,704(47,423)859,356
General and administrative expenses72,54614,37417,259(69,974)27,53261,737
Depreciation and amortization12,1701,1221,62955815,479
Total expenses870,24788,04067,592(117,397)28,090936,572
Income (loss) from operations$39,456$(2,963)$20,153$(28)$(28,090)$28,528

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Astrana Health's care delivery — operating income?
Astrana Health (ASTH) reported care delivery — operating income of -$2.96M in Q1 2026.
How has Astrana Health's care delivery — operating income changed year-over-year?
Astrana Health's care delivery — operating income increased by 4.7% year-over-year, from -$3.11M to -$2.96M.
What is the long-term trend for Astrana Health's care delivery — operating income?
Over 3 years (2021 to 2025), Astrana Health's care delivery — operating income has grown at a 55.1% compound annual growth rate (CAGR), from -$540K to -$2.01M.
What does care delivery — operating income mean?
This metric measures the profitability of the care delivery segment by subtracting all operating costs from the segment's revenue. It is the primary indicator of the segment's ability to generate sustainable returns from its core business activities.

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