NeueHealth Inc (NEUE) Financials
Newest figures come from the 10-Q for Q2 FY2025, filed Aug 7, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NEUE SEC filings page.
NeueHealth Inc (NEUE) reported $890.4M in revenue over the twelve months to Jun 30, 2025, down 13.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue contraction has coincided with loss reduction, while negative equity and weak liquidity keep the business balance-sheet dependent.
Revenue contracted19.3% from FY2023 to FY2024, yet the operating margin improved to-11.5% . That unusual pairing points to a smaller or reconfigured cost base rather than scale-led expansion, although the statements do not identify whether mix or cost actions drove it.
In FY2024, operating cash flow was
Total liabilities of
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of NeueHealth Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
NeueHealth Inc has an operating margin of -11.5%, meaning the company loses $11 on every $100 of revenue. This results in a profitability score of 24/100. This is up from -49.7% the prior year.
NeueHealth Inc's revenue declined 19.3% year-over-year, from $1.2B to $936.7M. This contraction results in a growth score of 69/100.
NeueHealth Inc's current ratio of 0.61 is below the typical benchmark, resulting in a score of 6/100. This tight liquidity could limit financial flexibility if cash inflows slow.
NeueHealth Inc's operations used $123.2M of cash, and capex of $2.3M added to the outflow, for a free cash flow shortfall of $125.5M. This results in a cash flow score of 4/100.
NeueHealth Inc scores -10.94, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($60.9M) relative to total liabilities ($1.9B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
NeueHealth Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
NeueHealth Inc reported a net loss of $134.7M while operations used $123.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
NeueHealth Inc reported an operating loss of $107.4M against $18.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
NeueHealth Inc generated $209.1M in revenue in Q2 2025. This represents a decrease of 7.5% from the same quarter a year earlier. Against the prior quarter it is down 3.1%.
NeueHealth Inc's EBITDA was $17.8M in Q2 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 153.1% from the same quarter a year earlier. Against the prior quarter it is up 186.4%.
NeueHealth Inc reported -$10.1M in net income in Q2 2025. This represents an increase of 82.9% from the same quarter a year earlier. Against the prior quarter it is up 14.3%.
NeueHealth Inc earned -$2.62 per diluted share (EPS) in Q2 2025. Against the prior quarter it is up 9.7%.
Cash & Balance Sheet
NeueHealth Inc recorded an outflow of $4.5M in free cash flow in Q2 2025, representing a cash shortfall after capex. This represents an increase of 84.8% from the same quarter a year earlier. Against the prior quarter it is up 79.8%.
NeueHealth Inc held $131.6M in cash against $212.4M in long-term debt as of Q2 2025.
Not reported for Q2 2025.
Margins & Returns
NeueHealth Inc's operating margin was 6.8% in Q2 2025, reflecting core business profitability. This is up 23.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.6 percentage points.
NeueHealth Inc's net profit margin was -4.8% in Q2 2025, showing the share of revenue converted to profit. This is up 21.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
Not reported for Q2 2025.
Not reported for Q2 2025.
Capital Allocation
NeueHealth Inc invested $1.6M in capex in Q2 2025, funding long-term assets and infrastructure. This represents an increase of 100.1% from the same quarter a year earlier. Against the prior quarter it is up 58.6%.
Not reported for Q2 2025.
Not reported for Q2 2025.
NEUE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $209.1M-7.5% | $215.8M-12.0% | $232.6M-20.6% | $232.9M-13.5% | $226.0M-24.2% | $245.1M-18.5% | $292.9M-48.6% | $269.4M+39.3% |
| SG&A Expenses | $29.5M+190.0% | $31.4M+307.9% | $172.3M+167.1% | $7.3M-90.0% | $10.2M-85.5% | $7.7M-94.5% | -$256.6M | $72.5M-15.2% |
| Operating Income | $14.3M+138.0% | $2.7M+111.5% | -$29.4M+36.0% | -$17.3M+96.3% | -$37.5M-60.4% | -$23.1M+48.5% | -$45.9M | -$462.8M-382.4% |
| EBITDA | $17.8M+153.1% | $6.2M+133.5% | -$25.8M+38.4% | -$13.8M+97.0% | -$33.6M-94.3% | -$18.5M+47.0% | -$41.9M | -$458.7M-459.2% |
| Interest Expense | $6.9M+67.3% | $6.6M+126.5% | $6.2M-44.2% | $5.4M-46.1% | $4.1M-55.2% | $2.9M-62.4% | $11.2M | $10.0M+104.7% |
| Income Tax | -$21K+88.8% | $111K-83.3% | -$672K-142.3% | $2.8M+182.5% | -$187K+79.0% | $663K-47.3% | $1.6M | -$3.4M-199.5% |
| Net Income | -$10.1M+82.9% | -$11.7M+26.2% | -$2.7M+98.8% | -$57.4M+90.9% | -$58.6M+48.0% | -$15.9M+90.9% | -$229.7M+66.2% | -$633.9M-100.1% |
| EPS (Basic) | -$2.62+69.7% | -$2.90+17.8% | -$1.88+93.8% | -$8.51+89.5% | -$8.65+44.9% | -$3.53+85.1% | -$30.33-2708.3% | -$81.03-95.3% |
| EPS (Diluted) | -$2.62 | -$2.90+17.8% | -$1.88 | -$8.51+89.5% | -$8.65+44.9% | -$3.53 | -$30.33 | -$81.03 |
| Diluted Shares (Avg) | 9M | 9M+6.1% | N/A | 8M+3.8% | 8M+3.7% | 8M | N/A | 8M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
NEUE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $743.7M-17.1% | $895.7M-19.0% | $544.4M-55.6% | $696.8M-66.1% | $897.3M-79.6% | $1.1B-77.2% | $1.2B-73.7% | $2.1B-55.4% |
| Current Assets | $639.9M-18.5% | $788.2M-19.1% | $434.6M-60.1% | $589.4M-69.2% | $785.6M-79.6% | $974.5M-74.2% | $1.1B-69.5% | $1.9B-27.5% |
| Cash & Equivalents | $131.6M-1.4% | $138.1M+22.5% | $83.3M-4.6% | $109.8M-3.2% | $133.4M+23.9% | $112.8M-70.5% | $87.3M-59.8% | $113.4M-92.9% |
| Short-Term Investments | $13.9M+59.7% | $7.0M | $9.9M+57.6% | $8.8M+5567.9% | $8.7M+5499.4% | $0-100.0% | $6.3M+620.9% | $156K-99.9% |
| Accounts Receivable | $53.1M+47.7% | $41.7M+4.5% | $36.6M-6.4% | $43.1M+31.9% | $35.9M+30.0% | $39.9M-68.1% | $39.1M+99.7% | $32.7M-72.9% |
| Long-Term Investments | $0 | $0 | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $344K-100.0% |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $0-100.0% |
| Total Liabilities | $2.1B-4.1% | $2.3B-4.6% | $1.9B-23.7% | $2.0B-34.1% | $2.2B-54.4% | $2.4B-54.4% | $2.5B-48.8% | $3.1B-26.9% |
| Current Liabilities | $908.4M-13.0% | $1.1B-15.5% | $710.2M-49.0% | $872.4M-52.3% | $1.0B-71.3% | $1.3B-68.6% | $1.4B-62.3% | $1.8B-43.7% |
| Non-Current Liabilities | $1.2B+3.8% | $1.2B+7.8% | $1.2B+8.3% | $1.2B-8.1% | $1.2B-2.8% | $1.1B-5.9% | $1.1B-6.3% | $1.3B+27.5% |
| Long-Term Debt | $212.4M+80.5% | $207.4M+212.3% | $202.6M+205.1% | $120.3M | $117.7M | $66.4M | $66.4M | N/A |
| Total Equity | -$1.4B-4.8% | -$1.4B-7.9% | -$1.4B-7.2% | -$1.4B-28.3% | -$1.3B-199.9% | -$1.3B-271.0% | -$1.3B-530.4% | -$1.1B-393.8% |
| Retained Earnings | -$4.5B-1.9% | -$4.5B-3.0% | -$4.4B-3.1% | -$4.4B-8.9% | -$4.4B-27.2% | -$4.3B-29.8% | -$4.3B-36.5% | -$4.1B-64.7% |
Not reported in any period shown, so not listed: Inventory.
NEUE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.8M+90.1% | -$21.0M+56.8% | -$24.4M+92.6% | -$21.7M+98.7% | -$28.4M+73.9% | -$48.7M+92.1% | -$331.2M-370.0% | -$1.7B-171.8% |
| Depreciation & Amortization | $3.6M-10.6% | $3.6M-22.0% | $3.6M-10.4% | $3.5M-15.0% | $4.0M-35.2% | $4.6M-53.9% | $4.0M-61.4% | $4.1M-70.3% |
| Stock-Based Compensation | N/A | $5.6M-70.1% | N/A | N/A | N/A | $18.6M-44.1% | N/A | N/A |
| Capital Expenditures | $1.6M+100.1% | $1.0M+1503.1% | $791K+191.9% | $665K+186.6% | $813K+53.1% | $64K-96.6% | $271K-95.4% | $232K-96.4% |
| Free Cash Flow | -$4.5M+84.8% | -$22.1M+54.7% | -$25.2M+92.4% | -$22.3M+98.7% | -$29.2M+73.3% | -$48.8M+92.1% | -$331.5M-383.8% | -$1.7B-169.0% |
| Investing Cash Flow | -$8.5M+6.4% | $63.2M-68.2% | -$2.3M+90.9% | -$51K-100.0% | -$9.1M+98.3% | $198.4M-71.1% | -$25.8M-177.2% | $988.3M+102.3% |
| Financing Cash Flow | -$547K-101.1% | -$2.7M+99.0% | -$14.3M-260.4% | -$13.3M-129.0% | $49.6M+1675.5% | -$275.5M-15172.7% | $8.9M-94.8% | $46.0M-84.9% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
NEUE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 6.8%+23.4pp | 1.2%+10.7pp | -12.6%+3.0pp | -7.4% | -16.6%-8.8pp | -9.4%+5.5pp | -15.7% | -171.8% |
| Net Margin | -4.8%+21.1pp | -5.4%+1.1pp | -1.2%+77.3pp | -24.6% | -25.9%+11.9pp | -6.5%+51.7pp | -78.4% | -235.3% |
| Return on Assets | -1.4%+5.2pp | -1.3%+0.1pp | -0.5%+18.2pp | -8.2%+22.6pp | -6.5%-4.0pp | -1.4%+2.2pp | -18.7%-4.2pp | -30.8%-24.0pp |
| Current Ratio | 0.700.0x | 0.740.0x | 0.61-0.2x | 0.68-0.4x | 0.75-0.3x | 0.77-0.2x | 0.78-0.2x | 1.04+0.2x |
| Asset Turnover | 0.280.0x | 0.240.0x | 0.43+0.2x | 0.33+0.2x | 0.25+0.2x | 0.22+0.2x | 0.24+0.1x | 0.13+0.1x |
| FCF Margin | -2.1%+10.8pp | -10.2%+9.7pp | -10.8% | -9.6% | -12.9%+23.8pp | -19.9% | -113.2% | -620.5% |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$1.4B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.61), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| NeueHealth Inc NEUE | FY2024 | $936.7M | -$134.7M | -14.4% | $60.9M | 27/100 |
| Progyny, Inc. PGNY | FY2025 | $1.3B | $58.5M | 4.5% | $2.0B | 70/100 |
| Clover Health Investments Corp CLOV | FY2025 | $1.9B | -$85.5M | -4.5% | $2.3B | 41/100 |
| Alignment Healthcare, Inc. ALHC | FY2025 | $3.9B | -$724K | 0.0% | $2.8B | 55/100 |
| Oscar Health Inc OSCR | FY2025 | $11.7B | -$443.2M | -3.8% | $10.0B | 46/100 |
| Forian Inc FORA | FY2025 | $30.3M | -$2.9M | -9.5% | $67.8M | 55/100 |
Where NeueHealth Inc Ranks
Frequently Asked Questions
What is NeueHealth Inc's annual revenue?
NeueHealth Inc (NEUE) reported $936.7M in total revenue for fiscal year 2024. This represents a -19.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is NeueHealth Inc's revenue growing?
NeueHealth Inc (NEUE) revenue declined by 19.3% year-over-year, from $1.2B to $936.7M in fiscal year 2024.
Is NeueHealth Inc profitable?
No, NeueHealth Inc (NEUE) reported a net income of -$134.7M in fiscal year 2024, with a net profit margin of -14.4%.
What is NeueHealth Inc's EBITDA?
NeueHealth Inc (NEUE) had EBITDA of -$91.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does NeueHealth Inc have?
As of fiscal year 2024, NeueHealth Inc (NEUE) had $83.3M in cash and equivalents against $202.6M in long-term debt.
What is NeueHealth Inc's operating margin?
NeueHealth Inc (NEUE) had an operating margin of -11.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is NeueHealth Inc's net profit margin?
NeueHealth Inc (NEUE) had a net profit margin of -14.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is NeueHealth Inc's free cash flow?
NeueHealth Inc (NEUE) recorded an outflow of $125.5M in free cash flow during fiscal year 2024. This represents a 95.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is NeueHealth Inc's operating cash flow?
NeueHealth Inc (NEUE) recorded an outflow of $123.2M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are NeueHealth Inc's total assets?
NeueHealth Inc (NEUE) had $544.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are NeueHealth Inc's capital expenditures?
NeueHealth Inc (NEUE) invested $2.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is NeueHealth Inc's current ratio?
NeueHealth Inc (NEUE) had a current ratio of 0.61 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is NeueHealth Inc's return on assets (ROA)?
NeueHealth Inc (NEUE) had a return on assets of -24.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
How does NeueHealth Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, NeueHealth Inc (NEUE) held $93.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $123.2M over that year. Dividing the one by the other, the reported balance equals about 9 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is NeueHealth Inc's debt-to-equity ratio negative or not reported?
NeueHealth Inc (NEUE) has negative shareholder equity of -$1.4B as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is NeueHealth Inc's Altman Z-Score?
NeueHealth Inc (NEUE) has an Altman Z-Score of -10.94, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is NeueHealth Inc's Piotroski F-Score?
NeueHealth Inc (NEUE) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NeueHealth Inc's earnings high quality?
NeueHealth Inc (NEUE) reported a net loss of $134.7M while operations used $123.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can NeueHealth Inc cover its interest payments?
NeueHealth Inc (NEUE) reported an operating loss of $107.4M against $18.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is NeueHealth Inc?
NeueHealth Inc (NEUE) scores 27 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.