Filing Flows › Astrana Health (ASTH) › Q2 2026 › vs Q1 2026
Astrana Health (ASTH) Q2 2026 vs Q1 2026 (quarter over quarter)
Astrana Health's revenue rose $7.4M (+0.8%) from $965M in Q1 2026 to $973M in Q2 2026. The biggest changes: Health Care Patient Service −$14.8M (-39%); Health Care Capitation Revenue +$12.9M (+1%); Health Care Other +$9.3M (+75%). Operating margin 3.5% against 3.0% (+0.6 pts).
Astrana Health, Q2 2026: revenue $973M (+48% year over year), operating margin 3.5%, net earnings $19.7M, operating cash flow $32.7M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 3.5% | 3.0% | +0.6 pts |
| Net margin | 2.0% | 1.5% | +0.5 pts |
| Free cash flow margin | 3.0% | 6.6% | -3.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Health Care Capitation Revenue | $906M | $893M | $12.9M | +1% |
| Health Care Patient Service | $23.0M | $37.8M | −$14.8M | -39% |
| Health Care Other | $21.8M | $12.5M | $9.3M | +75% |
| Management Service | $13.2M | $15.7M | −$2.5M | -16% |
| Product and Service Other | $8.7M | $6.2M | $2.5M | +41% |
| Revenue | $973M | $965M | $7.4M | +0.8% |
| Operating profit | $34.3M | $28.5M | $5.8M | +20% |
| Costs & expenses | $938M | $937M | $1.6M | +0.2% |
| Pre-tax earnings | $27.2M | $19.7M | $7.5M | +38% |
| Other expense, net | $7.1M | $8.8M | −$1.7M | -19% |
| Cost of revenue | $868M | $859M | $9.1M | +1% |
| General & admin | $54.1M | $61.7M | −$7.6M | -12% |
| Other operating costs | $15.6M | $15.5M | $71K | +0.5% |
| Loss borne by minority interests | $1.3M | $1.3M | −$18K | -1% |
| Net earnings | $19.7M | $14.4M | $5.3M | +37% |
| Income tax | $8.8M | $6.6M | $2.2M | +33% |
| Depreciation & amortization | $15.5M | $15.5M | $70K | +0.5% |
| Share-based compensation | $11.8M | $9.9M | $1.9M | +19% |
| Working capital & other | $14.3M | −$28.2M | $42.6M | — |
| Operating cash flow | $32.7M | $68.1M | −$35.3M | -52% |
| Free cash flow (OCF − capex) | $28.9M | $64.1M | −$35.2M | -55% |
| Capital expenditures | $3.9M | $4.0M | −$122K | -3% |
Questions
How much did Astrana Health's revenue grow quarter over quarter in Q2 2026?
Astrana Health's revenue rose $7.4M (+0.8%) from $965M in Q1 2026 to $973M in Q2 2026.
What drove Astrana Health's revenue change in Q2 2026?
Health Care Patient Service −$14.8M (-39%); Health Care Capitation Revenue +$12.9M (+1%); Health Care Other +$9.3M (+75%).