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GoHealth is a leading health insurance marketplace and Medicare-focused digital health company whose purpose is to compassionately ensure consumers peace of mind when making healthcare decisions so they can focus on living life. With a widely scalable end-to-end platform and substantial presence in the Medicare landscape, we believe we are uniquely positioned as a trusted partner to the 68.0 mi…
The business is unprofitable at the operating level (-114.11% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 54.7% YoY. Margins deteriorated 113.2pp alongside, both lines moving the wrong way.
ROIC dropped from -0.72% to -44.07%, capital efficiency is deteriorating. Negative free cash flow of -$130M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$153M
▼ -54.7% YoY
Net Income (TTM)
-$290M
▼ -8681.6% YoY
Op. Margin
-297.38%
▼ -113.2pp YoY
ROIC
-49.97%
▼ -43.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$108M
▼ -268.4% YoY
Op. Cash Flow (TTM)
-$103M
▼ -464.4% YoY
Net Debt
$648M
Cash & Equiv.
$40M
5Y CAGR: -16.2%
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