Filing Flows › Astrana Health (ASTH) › How it makes money
How Astrana Health (ASTH) makes money
Astrana Health (ASTH) made $1.0B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Health Care Capitation Revenue brought in $937M (92%); Health Care Patient Service brought in $35.1M (3%); Health Care Other brought in $24.3M (2%). Of every dollar of revenue, 4¢ was left as operating profit, 1¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Health Care Capitation Revenue | $937M | 91.5% | +3% | +8% |
| Health Care Patient Service | $35.1M | 3.4% | +53% | -12% |
| Health Care Other | $24.3M | 2.4% | +11% | -21% |
| Management Service | $14.1M | 1.4% | +7% | -7% |
| Product and Service Other | $13.4M | 1.3% | +54% | +104% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.0B | 100.0% |
| Operating profit | $39.9M | 3.9% |
| Income tax | $12.0M | 1.2% |
| Net earnings | $13.0M | 1.3% |
| Operating cash flow | $16.3M | 1.6% |
| Free cash flow | $12.4M | 1.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.0B | +7% |
| Q2 2026 | $973M | +48% |
| Q1 2026 | $965M | +56% |
| Q4 2025 | $951M | +43% |
| Q3 2025 | $956M | +100% |
| Q2 2025 | $655M | +35% |
| Q1 2025 | $620M | +53% |
From Astrana Health's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Astrana Health make money?
Astrana Health (ASTH) made $1.0B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Health Care Capitation Revenue brought in $937M (92%); Health Care Patient Service brought in $35.1M (3%); Health Care Other brought in $24.3M (2%). Of every dollar of revenue, 4¢ was left as operating profit, 1¢ was left as net earnings.
What is Astrana Health's biggest business?
Health Care Capitation Revenue: $937M in the third quarter 2026, 92% of revenue, +8% from a year earlier.
What is Astrana Health's profit margin?
Net earnings were $13.0M, 1.3% of revenue, in the third quarter 2026; the operating margin was 3.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.