The financials
Astrana Health, Inc. by the numbers
Astrana Health, Inc. (ASTH) reported revenue of $965M in Q1 2026 (quarter ended March 31, 2026), up 56% from the same quarter a year earlier. That came with a gross margin of 11% and net income of $14M (1.5% of revenue). For the full year FY2025, revenue was $3.18B (+56% year on year) and net income $22M. Its largest product in 2026-Q1 was Health Care Capitation at $893M, 93% of the disclosed total, just ahead of Health Care Patient Service at 3.9%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $965M | $620M | +56% |
| Gross profit | $106M | $71M | +48% |
| Operating income | $29M | $21M | +39% |
| Net income | $14M | $6.7M | +116% |
| Diluted EPS | $0.29 | $0.14 | +107% |
| Product | Revenue | Share |
|---|---|---|
| Health Care Capitation | $893M | 93% |
| Health Care Patient Service | $38M | 3.9% |
| Management Service | $16M | 1.6% |
| Health Care Other | $12M | 1.3% |
| Product And Service Other | $6.2M | 0.6% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $965.1M (+0.95%)
Management Service grew +579% year on yearHealth Care Other -14% year on year
Segment Latestquarter on quarteryear on year
- Health Care Capitation$892.9M$892.9MQoQ +3.4%year on year +53%+3.4%+53%
- Health Care Patient Service$37.8M$37.8MQoQ -5.6%year on year +154%-5.6%+154%
- Management Service$15.7M$15.7MQoQ +3.1%year on year +579%+3.1%+579%
- Health Care Other$12.5M$12.5MQoQ -59%year on year -14%-59%-14%
- Product And Service Other$6.2M$6.2MQoQ -5.8%year on year +31%-5.8%+31%