Earnings release
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agilon health Reports First Quarter 2021 Results Exhibit 99.1 • LONG BEACH , Calif . - May 26 , 2021 - agilon health , inc . ( NYSE : AGL ) , the company transforming health care for seniors by empowering primary - care physicians to focus on the entire health of their patients , announced results for the first quarter ended March 31 , 2021 . First Quarter 2021 Results : • • Total revenue of $ 413 million increased 42 % from 2020 and would have increased approximately 50 % including a recently completed group Medicare Advantage ( MA ) contract that is retroactive to January 2021 Members of approximately 165,300 as of March 31 increased 35 % from 2020 and would have increased 42 % to approximately 174,300 including the retroactive group contract Same geography membership growth of 8 % from 2020 and same geography membership growth of 15 % including the retroactive group contract Net loss from continuing operations of $ 14 million , compared to $ 8 million in 2020 • • Medical Margin of $ 52 million , compared to $ 42 million in 2020 Adjusted EBITDA of $ 4 million , compared to $ 3 million in 2020 " We are pleased with our first quarter results , highlighted by 42 % revenue growth and 35 % membership growth . Including the retroactive group MA contract , same geography membership growth increased 15 % , reflective of strong member retention and broad - based additions across all markets . Our aligned partnership model is resonating with physician groups and we began implementing six new geographies with approximately 49,000 members that will go - live in January 2022. " said Steve Sell , Chief Executive Officer . " With the completion of our initial public offering , we are well capitalized to support our growth strategy . We plan to use the proceeds to scale our platform , support growth of our existing physician partners , and partner with additional groups to help transform senior care in local communities across the country . " Outlook for Second Quarter and Fiscal Year 2021 : Ending members Total revenues ( $ M ) Adjusted EBITDA ( $ M ) Quarter End June 30 , 2021 Low Year End December 31 , 2021 High Low 175,000 177,000 182,000 High 184,000 $ 470 $ 475 $ 1,765 $ 1,780 $ ( 41 ) $ ( 38 ) Total revenue outlook for the second quarter 2021 includes an estimated $ 24 million associated with the group MA contract attributable to the first quarter . Adjusted EBITDA loss reflected in the full year 2021 outlook is expected to be weighted to the back half of the fiscal year . We have not reconciled guidance for Adjusted EBITDA to net income ( loss ) , the most directly comparable GAAP measure , and have not provided forward - looking guidance for net income ( loss ) , because of the uncertainty around certain items that may impact net income ( loss ) , including stock - based compensation , that are not within our control or cannot be reasonably predicted . Membership Details Membership as of March 31 , 2021 was approximately 165,300 , an increase of 35 % from 2020. Average membership during the first quarter 2021 was approximately 163,000 . Including an estimated 49,000 members currently in implementation for 2022 go - live , total MA membership on the agilon platform was approximately 214,300 as of March 31 , 2021 . Same geography membership increased 8 % year - over - year during the first quarter 2021 and increased 15 % including a recently