Agilon Health, Inc.(NYSE) AGL

agilon health, inc. helps doctors give better care to seniors. It builds systems for local primary care physician groups. These tools help manage the health of Medicare patients.

How agilon Helps Doctors

• agilon Platform: Technology and clinical programs for community-based physician groups.
• Medicare Advantage: Coverage for seniors enrolled in private Medicare plans; accounted for substantially all revenue in the three months ended June 30, 2026.
• CMS ACO Models: Participation in government programs managed by the Centers for Medicare & Medicaid Services (CMS), such as Accountable Care Organization (ACO) models.
• Physician Partnerships: Long-term agreements where doctors share in savings from better care and reduced costs.

Recent Strategic Steps

• Entered an employment agreement with Tim O'Rourke to serve as Chief Executive Officer and President in April 2026.
• Executed a 1-for-25 reverse stock split in March 2026 to consolidate outstanding shares.
• Finalized exits from specific markets on Jan. 1, 2026, to focus on geography-level profitability.
• Added a new payor relationship in an existing geography during the second quarter of 2026.

What Makes the Model Different

The company uses a Total Care Model that allows independent physicians to manage the full health needs of senior patients. It forms local risk-bearing entities that receive monthly payments to cover all healthcare costs for attributed members.

A Look at the Numbers

• Total revenue reached $1.5 billion in the second quarter of 2026, up 7% year over year.
• Net income was $18 million in the three months ended June 30, 2026, compared to a $104 million net loss in the same period of 2025.
• Medicare Advantage membership was 437,500 at June 30, 2026, down 12% year over year.
• Market cap was $1.8 billion in the second quarter of 2026, up 88.1% year over year.
• P/E ratio was 25.0 in the second quarter of 2026, compared to -2.3 in the previous year.

The Big Picture

Agilon has shifted from rapid expansion to a disciplined approach focused on profitability and sustainable physician partnerships. It continues to transition independent medical groups into a value-based model for senior care.