GoHealth, Inc., a health insurance marketplace and Medicare-focused digital health company, reported net revenues of $361.8 million for the year ended December 31, 2025, a 54.7% decrease from $798.9 million in 2024. This decline was primarily attributed to scaling back Medicare Advantage activities in response to tightening health plan economics, partially offset by the launch of GoHealth Protect. The company experienced a net loss of $497.8 million, compared to a net loss of $7.3 million in the previous year. This resulted in a net loss margin of (137.6)% compared to (0.9)% in 2024.
Operating expenses totaled $774.7 million, a slight decrease from $805.9 million in 2024. Significant changes in operating expenses included a decrease in marketing and advertising expenses by 50.6% to $116.4 million, and a decrease in consumer care and enrollment expenses by 52.3% to $106.0 million. However, the company recorded indefinite and long-lived asset impairment charges of $259.9 million in 2025, compared to none in 2024. Interest expense increased by 19.8% to $87.3 million. Adjusted EBITDA was $(35.1) million, compared to $120.3 million in 2024, resulting in an Adjusted EBITDA margin of (9.7)% compared to 15.1% in the prior year.
Key operational developments included a decrease in Submissions to 534,657 from 1,016,182 in 2024. Sales per Submission decreased to $668 from $781, while Direct Operating Cost per Submission increased to $594 from $578. The company also launched GoHealth Protect, a suite of products to cover unexpected life events, including guaranteed acceptance life insurance. In August 2025, GoHealth entered into a Superpriority Credit Agreement for $115 million and amended its existing credit agreement to waive near-term principal payments and reset certain financial covenants.
GoHealth is focusing on strategic and financial flexibility, prioritizing cash preservation and retaining existing customers. The company is implementing initiatives to reduce costs, boost efficiency, and optimize cash flow, including reducing infrastructure expenses and workforce reductions. The Board of Directors created a Transformation Committee to explore strategic alternatives, such as refinancings, mergers, acquisitions, and restructurings. The company's liquidity position previously raised substantial doubt about its ability to continue as a going concern, but management believes that it has mitigated the circumstances that previously led to substantial doubt about its ability to continue as a going concern.
About GoHealth, Inc.
GoHealth is a digital health company specializing in Medicare insurance marketplace services. It offers Medicare Advantage, Medicare Supplement, and prescription drug plans through a proprietary technology platform that leverages machine learning for consumer matching and enrollment. Serving primarily Medicare-eligible Americans, it partners with leading health plans, providing education, comparison tools, and high-touch support to simplify healthcare decisions and drive high-quality enrollments.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.