Here are the 10-K annual reports from Molina Healthcare, Inc. (MOH) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MOH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MOH filings page.
Molina Healthcare, Inc. reports 2025 results showing strong top-line growth but sharply lower earnings in a challenging government-paid healthcare environment. Total revenue rose to $45,426 million from $40,650 million, driven by Medicaid, Medicare, Marketplace and the ConnectiCare acquisition.
Premium revenue reached $43,052 million, yet the medical care ratio worsened to 91.7% from 89.1%, compressing profitability. Net income fell to $472 million from $1,179 million, and diluted EPS decreased to $8.92 from $20.42. Membership ended 2025 at 5.49 million, with Medicaid at 4.57 million and Marketplace up to 655,000.
The company outlines a strategy focused on government-sponsored programs, targeting 11%–13% long-term growth and more than $50 billion in premium revenue by 2027. It highlights about $9 billion of new annual premium from 2025 RFP wins and acquisitions, while also planning a major repositioning: exiting its MAPD product for 2027 and cutting Marketplace exposure after an expected roughly 50% revenue decline in 2026.