CENTENE CORP (CNC) Form 10-Q — Oct 26, 2026
Centene reported Q3 2026 total revenues of $50.6 billion, up 2% year-over-year, with a GAAP net loss of $(71) million or $(0.14) per diluted share, while adjusted diluted EPS came in at $0.58 versus $0.50 a year ago. The quarter showed operational progress: HBR was flat at 92.7%, adjusted SG&A ratio improved to 6.5% from 7.0%, and Medicare gross margin jumped 30% on PDP growth and rate increases, while the company repurchased $1.8 billion of senior notes and cut its debt-to-capital ratio to 41.1% from 46.5%.
Key figures
- Revenue
- 50647000000
- Revenue Yoy
- 2%
- Total Assets
- 79280000000
- Cash Position
- 20700000000
- Shares Outstanding
- 495068000
- Hbr q3 2026
- 92.7%
- Debt to capital
- 41.1%
- Nine month revenue
- 154170000000
- Managed care membership
- 25.7 million (down 2.3 million, or 8% YoY)
- Nine month net earnings
- 2561000000
- Senior notes outstanding
- 13600000000
- Sga expense ratio q3 2026
- 7.2%
- Adjusted diluted eps q3 2025
- 0.5
- Adjusted diluted eps q3 2026
- 0.58
- Adjusted net earnings q3 2026
- 290000000
- Stock repurchase availability
- 1800000000
- Nine month adjusted diluted eps
- 6.45
- Operating cash flow nine months
- 4287000000
- Adjusted sga expense ratio q3 2026
- 6.5%
- Enterprise optimization costs q3 2026
- 297000000
- Goodwill impairment prior year q3 2025
- 6723000000
- Star ratings 2027 membership 3 5 star plus
- 42% vs 60% prior year
AI analysis
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