Understanding Gohealth Revenue and Q3 2022 Results

GoHealth's revenue for Q3 2022 was $1.4 billion.

GoHealth's revenue growth was driven by an increase in the number of members served, which rose to 1.3 million in Q3 2022.

This growth was fueled by the company's expansion into new markets and its strategic partnerships with health insurance carriers.

GoHealth's revenue per member (RPM) also increased to $1,094 in Q3 2022, up from $1,053 in the same quarter the previous year.

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GoHealth Financial is a leading provider of healthcare financing solutions.

The company was founded in 2001 and has since become a trusted partner for healthcare providers and patients alike.

GoHealth Financial offers a range of financial products and services, including patient financing, medical billing, and practice management software.

By providing flexible and affordable payment options, GoHealth Financial helps healthcare providers to increase patient satisfaction and reduce bad debt.

GoHealth is a company with significant financial backing. Its estimated annual revenue is a substantial $1.1B per year.

This revenue is impressive, especially when broken down to the individual level. GoHealth's estimated revenue per employee is a staggering $395,522.

The company's total funding is a notable $75.4M, which has helped it reach its current valuation.

As of January 2022, GoHealth's current valuation is a substantial $942.9M.

Here's a summary of GoHealth's estimated revenue and valuation:

In Q3 2022, GoHealth Financial reported a revenue of $123.8 million, a 20% increase from the same period the previous year.

This significant growth was driven by the company's expanding network of independent insurance agents and brokers.

The company's operating loss narrowed to $44.9 million, a decrease of 24% from Q3 2021.

GoHealth Financial's net loss per share was $0.67, a decrease of 25% from the same period the previous year.

The company's cash and cash equivalents decreased to $44.8 million, a decrease of 12% from Q3 2021.

GoHealth Financial's total debt was $1.3 billion, a decrease of 4% from Q3 2021.

The company's weighted average shares outstanding was 66.6 million, a decrease of 5% from Q3 2021.

GoHealth Financial's adjusted EBITDA was $25.6 million, a decrease of 15% from Q3 2021.

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GoHealth Inc faced a significant revenue decline in the second quarter of 2024, with a -25.85% slump.

The company's revenue took a severe hit in the fourth quarter of 2022, with the top-line plunging at GOCO.

GoHealth Inc reported a sharp reduction of -19.425% in revenue over the financial second quarter of 2022.

A shortfall larger than a year ago occurred at the Insurance Brokerage company in the financial first quarter of 2022.

The company successfully navigated challenging waters in Q2 2023, but still experienced a -10.006% revenue decrease.

GoHealth Inc faced a challenging market environment, leading to a significant stock decline, but the company shows promising upside potential in 2023.

In 2023, the company's revenue took a tumble in Q1, with a sharp reduction of -10.006% over the previous year.

Despite showing revenue improvement in the financial time-frame ending March 31, 2024, GoHealth Inc still reported a loss.

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