Filing Flows › agilon health (AGL) › Q1 2026
agilon health (AGL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
agilon health (AGL) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), -7% from a year earlier and -9% from the quarter before. Operating margin was 0.3%, net earnings $48.9M (3.4% of revenue).
agilon health, Q1 2026: revenue $1.4B (-7% year over year), operating margin 0.3%, net earnings $48.9M, operating cash flow $23.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -9% | -7% |
| Operating profit | $4.0M | — | — |
| Net earnings | $48.9M | — | +304% |
| Operating cash flow | $23.7M | — | — |
| Free cash flow | $20.6M | — | — |
What changed
Revenue was $1.4B in Q1 2026, down 7% year over year and down 9% from the previous quarter. Medical services revenue was the largest line at 100% of revenue. Medical services revenue lost $0.11B year over year (down 7%), 99% of the total change.
Operating profit was $4.0M, a 0.3% margin (up 1.7 points year over year). Total costs fell 9% while revenue fell 7%. Net earnings were $0.05B, up 304% year over year. The effective tax rate was 0.1%. Non-operating items added $0.04B, 92% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.02B, 49% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $3.1M left free cash flow of $0.02B.
Questions
What was agilon health's revenue in the first quarter 2026?
agilon health (AGL) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), -7% from a year earlier and -9% from the quarter before.
Was agilon health profitable in the first quarter 2026?
Operating profit was $4.0M (0.3% of revenue) and net earnings $48.9M.
Source: agilon health 10-Q on SEC EDGAR.