Healthcare Providers & Services / Population Health Management
Strategic Profile
Astrana leverages its AI-driven technology platform to enhance patient outcomes and reduce healthcare costs, with integration with Prospect Health ahead of schedule. The company operates through three segments: Care Partners, Care Delivery, and Care Enablement. Its provider-centric model aligns physician incentives with value-based outcomes, positioning it favorably in the healthcare transformation landscape.
Cyborg Score Rationale
Q4 2025 reported magnificent 42.9% year-on-year revenue growth with $950.5M in revenue, beating estimates by 2.3%, with management guiding for 53.1% YoY sales increase next quarter. However, operating margin declined 10.2 percentage points over five years and fell 3.6 points over two years, indicating rising expenses. Strong growth trajectory offset by profitability concerns warrant cautious optimism.
Top Insights
5-year sales growth of 35.9% CAGR demonstrates consistent outperformance versus healthcare averages
Q4 2025 revenue of $950.5M exceeded consensus of $930.46M; 2025 saw record revenue, adjusted EBITDA, and free cash flow
Wall Street expects full-year 2026 EPS of $0.46 to grow 117%
33% share count dilution combined with declining operating margins raises shareholder value concerns
Named Competitors
Primary Care Networks — Primary care-focused healthcare platform
Senior Care Services — Senior-focused population health management