Health Care Capitation Revenue was Astrana Health’s largest product and service line in fiscal 2025, bringing in $2.92B of $3.20B (92%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Health Care Capitation Revenue | $930.13M | $1.22B | $1.86B | $2.92B | |||||
| Risk Pool Settlements & Incentives | $48.80M | $63.47M | $120.32M | $100.00M | |||||
| Fee-For-Service, Net | $49.52M | $59.66M | $62.33M | $112.64M | |||||
| Management Fee Income | $41.09M | $38.68M | $13.98M | $30.39M | |||||
| Other Revenue | $6.17M | $9.24M | $15.22M | $28.28M | |||||
| Other Income | — | — | — | — | |||||
| Total | $1.08B | $1.39B | $2.07B | $3.20B |
Astrana Health brought in $3.20B from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 54.5% from $2.07B in fiscal 2024. Health Care Capitation Revenue was the largest at $2.92B (91.5%), ahead of Fee-For-Service, Net at $112.64M (3.5%) and Risk Pool Settlements & Incentives at $100.00M (3.1%). The other two lines brought in $58.67M combined.
Compared with fiscal 2024, Fee-For-Service, Net grew fastest, up 80.7% to $112.64M, while Risk Pool Settlements & Incentives fell the most, down 16.9% to $100.00M. From fiscal 2022 to 2025, combined revenue from these lines grew from $1.08B to $3.20B, a compound annual growth rate of 43.8%. Health Care Capitation Revenue's share of the total rose from 86.5% to 91.5%.
Medicare was Astrana Health’s largest revenue line in fiscal 2025, bringing in $1.91B of $3.18B (60%).
| Customer | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Medicare | $633.46M | $901.32M | $1.20B | $1.91B | |||||
| Medicaid | $280.08M | $266.09M | $576.94M | $861.47M | |||||
| Commercial | $171.72M | $167.05M | $181.97M | $275.79M | |||||
| Other Third Parties | $58.89M | $52.20M | $76.17M | $138.28M | |||||
| Total | $1.14B | $1.39B | $2.03B | $3.18B |
Astrana Health brought in $3.18B from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 56.4% from $2.03B in fiscal 2024. Medicare was the largest at $1.91B (59.9%), ahead of Medicaid at $861.47M (27.1%) and Commercial at $275.79M (8.7%). The remaining revenue line, Other Third Parties, brought in $138.28M.
Compared with fiscal 2024, Other Third Parties grew fastest, up 81.5% to $138.28M. Every revenue line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $1.14B to $3.18B, a compound annual growth rate of 40.6%. Medicare's share of the total rose from 55.4% to 59.9%.
Care Partners was Astrana Health’s largest segment in fiscal 2025, bringing in $3.02B of $3.18B (95%).
| Segment | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Care Partners | $1.05B | $1.28B | $1.95B | $3.02B | ||
| Care Delivery | $49.81M | $61.60M | $70.00M | $128.51M | ||
| Care Enablement | $42.02M | $40.23M | $15.51M | $32.53M | ||
| Other | $985.00K | $937.00K | — | — | ||
| Total | $1.14B | $1.39B | $2.03B | $3.18B |
Astrana Health brought in $3.18B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 56.5% from $2.03B in fiscal 2024. Care Partners was the largest at $3.02B (94.9%), ahead of Care Delivery at $128.51M (4.0%) and Care Enablement at $32.53M (1.0%).
Compared with fiscal 2024, Care Delivery grew 83.6% to $128.51M and Care Partners grew 55.1% to $3.02B.
Astrana Health stopped reporting Other as a separate segment after fiscal 2023, when it brought in $937.00K.
Astrana Health (ASTH) reports its revenue by product and service, by customer and by segment. In fiscal 2025, Health Care Capitation Revenue was its largest product and service line, bringing in $2.92B (91.5% of the total), followed by Fee-For-Service, Net at $112.64M (3.5%).
Health Care Capitation Revenue was Astrana Health's largest product and service line in fiscal 2025, bringing in $2.92B, or 91.5% of the $3.20B total across its five product and service lines.
Medicare was Astrana Health's largest revenue line in fiscal 2025, bringing in $1.91B, or 59.9% of the $3.18B total across its four revenue lines.
Care Partners was Astrana Health's largest segment in fiscal 2025, bringing in $3.02B, or 94.9% of the $3.18B total across its three segments.
Among Astrana Health's product and service lines that make up at least 2% of revenue, Fee-For-Service, Net grew fastest in fiscal 2025, up 80.7% from $62.33M to $112.64M.
Every figure comes from Astrana Health's annual financial filings, as reported. Each line keeps the name Astrana Health gives it, and years follow its fiscal calendar.
Astrana Health's revenue by product and service goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.