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GoHealth (GOCO)

As a leading health insurance marketplace and Medicare-focused digital health company, GoHealth’s mission is to improve access to healthcare in America. Enrolling in a health insurance plan can be confusing for customers, and the seemingly small differences between plans can lead to significant out-of-pocket costs or lack of access to critical medicines and even providers. GoHealth combines cutting-edge technology, data science and deep industry expertise to match customers with the healthcare policy and carrier that is right for them. Since its inception, GoHealth has enrolled millions of people in Medicare and individual and family plans.

Company profile

Ticker
GOCO
Exchange
CEO
Clinton P. Jones
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
GoHealth Holdings, LLC • Blizzard Midco, LLC • Norvax, LLC • GoHealth, LLC • Creatix, Inc. • Connected Benefits, LLC • GoHealth, s.r.o. ...

GOCO stock data

Analyst ratings and price targets

Last 3 months

Calendar

16 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 76.16M 76.16M 76.16M 76.16M 76.16M 76.16M
Cash burn (monthly) 17.82M 3.06M 37.92M 53.19M 16.04M 21.7M
Cash used (since last report) 52.72M 9.05M 112.15M 157.32M 47.43M 64.18M
Cash remaining 23.43M 67.11M -36M -81.16M 28.72M 11.98M
Runway (months of cash) 1.3 21.9 -0.9 -1.5 1.8 0.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 Jul 22 Brian Farley Class A Common Stock Payment of exercise Dispose F No No 0.52 4,064 2.11K 1,612,483
22 Jun 22 Shane E. Cruz Class A Common Stock Grant Acquire A No No 0 800,000 0 2,607,128
22 Jun 22 Brian Farley Class A Common Stock Grant Acquire A No No 0 500,000 0 1,616,547
13F holders Current Prev Q Change
Total holders 82 117 -29.9%
Opened positions 16 28 -42.9%
Closed positions 51 40 +27.5%
Increased positions 18 37 -51.4%
Reduced positions 30 36 -16.7%
13F shares Current Prev Q Change
Total value 707.5M 772.51M -8.4%
Total shares 334.7M 355.34M -5.8%
Total puts 294.4K 347.4K -15.3%
Total calls 122.6K 847K -85.5%
Total put/call ratio 2.4 0.4 +485.5%
Largest owners Shares Value Change
Centerbridge Associates III 121.48M $460.39M 0.0%
NVX 93.49M $0 0.0%
Norwest Equity Partners IX 54.98M $208.39M 0.0%
Centerbridge Partners 40.68M $24.32M 0.0%
D. E. Shaw & Co. 3.82M $2.28M +1.9%
Vanguard 2.91M $1.74M -37.3%
Harris Associates L P 2.23M $1.34M -64.1%
Marshall Wace 1.85M $1.11M +924.2%
Renaissance Technologies 1.81M $1.08M -26.8%
Healthcare Of Ontario Pension Plan Trust Fund 1.54M $924K +42.1%
Largest transactions Shares Bought/sold Change
First Trust Advisors 0 -5.14M EXIT
Harris Associates L P 2.23M -3.99M -64.1%
Alliancebernstein 0 -2.38M EXIT
BLK Blackrock 908.89K -2.37M -72.3%
Vanguard 2.91M -1.73M -37.3%
Marshall Wace 1.85M +1.67M +924.2%
Aqr Capital Management 142.23K -1.63M -92.0%
Citadel Advisors 159.13K -1.05M -86.8%
STT State Street 262.51K -838.09K -76.1%
Renaissance Technologies 1.81M -660.31K -26.8%

Financial report summary

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Competition
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Risks
  • The marketing and sale of Medicare plans are subject to numerous, complex and frequently changing laws, regulations and guidelines, and non-compliance with or changes in laws, regulations and guidelines could harm our business, operating results and financial condition.
  • Our business may be harmed if we lose our relationship with carriers or if our relationships with carriers change, particularly if we or our contracted carriers temporarily or permanently lose the ability to market and sell Medicare plans.
  • Our debt obligations contain restrictions that impact our business and expose us to risks that could materially adversely affect our liquidity and financial condition.
Management Discussion
  • We use supplemental measures of our performance that are derived from our consolidated financial information, but which are not presented in our Consolidated Financial Statements prepared in accordance with GAAP. These non-GAAP financial measures include net income (loss) before interest expense, income tax (benefit) expense and depreciation and amortization expense, or EBITDA; Adjusted EBITDA and Adjusted EBITDA margin. Adjusted EBITDA is the primary financial performance measure used by management to evaluate its business and monitor its results of operations.
  • Adjusted EBITDA represents EBITDA as further adjusted for certain items summarized in the following table. Adjusted EBITDA margin represents Adjusted EBITDA divided by net revenues.
  • We use non-GAAP financial measures to supplement financial information presented on a GAAP basis. We believe that excluding certain items from our GAAP results allows management to better understand our consolidated financial performance from period to period and better project our future consolidated financial performance as forecasts are developed at a level of detail different from that used to prepare GAAP-based financial measures. Moreover, we believe these non-GAAP financial

Content analysis

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