| Revenue |
3. Revenue The Company is substantially dependent on revenues received under contracts with federal, state, and local government agencies. Operating funding sources are generally earned from Medicaid, Medicare, commercial insurance reimbursement, and from private and other payors. There is no single customer whose revenue was 10% or more of our consolidated revenue during the periods presented. The following tables set forth revenue by payor type (in millions):
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Pharmacy Solutions |
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For the Three Months Ended June 30, |
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For the Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Commercial insurance |
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$ |
1,053.5 |
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27.2 |
% |
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$ |
742.0 |
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23.6 |
% |
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$ |
2,012.9 |
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26.9 |
% |
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$ |
1,416.5 |
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23.5 |
% |
Medicaid |
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339.3 |
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8.8 |
% |
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266.2 |
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8.5 |
% |
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647.9 |
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8.7 |
% |
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504.4 |
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8.4 |
% |
Medicare Part A |
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136.3 |
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3.5 |
% |
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138.9 |
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4.4 |
% |
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274.0 |
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3.7 |
% |
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279.3 |
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4.6 |
% |
Medicare Part B |
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18.3 |
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0.5 |
% |
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18.7 |
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0.6 |
% |
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38.6 |
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0.5 |
% |
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38.2 |
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0.6 |
% |
Medicare Part C |
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653.7 |
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16.9 |
% |
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555.6 |
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17.7 |
% |
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1,256.1 |
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16.8 |
% |
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1,043.3 |
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17.3 |
% |
Medicare Part D |
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1,149.9 |
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29.7 |
% |
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1,008.4 |
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32.0 |
% |
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2,224.0 |
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29.7 |
% |
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1,919.3 |
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31.9 |
% |
Private & other |
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56.1 |
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1.4 |
% |
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60.3 |
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1.8 |
% |
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125.0 |
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1.6 |
% |
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121.3 |
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2.0 |
% |
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$ |
3,407.1 |
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88.0 |
% |
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$ |
2,790.1 |
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88.6 |
% |
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$ |
6,578.5 |
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87.9 |
% |
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$ |
5,322.3 |
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88.3 |
% |
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Provider Services |
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For the Three Months Ended June 30, |
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For the Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Commercial insurance |
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$ |
59.0 |
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1.5 |
% |
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$ |
44.1 |
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1.4 |
% |
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$ |
113.9 |
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1.5 |
% |
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$ |
85.5 |
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1.4 |
% |
Medicaid |
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97.3 |
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2.5 |
% |
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88.5 |
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2.8 |
% |
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194.4 |
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2.6 |
% |
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173.6 |
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2.9 |
% |
Medicare Part A |
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173.5 |
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4.5 |
% |
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125.8 |
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4.0 |
% |
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344.7 |
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4.6 |
% |
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248.2 |
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4.1 |
% |
Medicare Part B |
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12.3 |
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0.3 |
% |
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1.4 |
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0.0 |
% |
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13.8 |
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0.2 |
% |
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2.9 |
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0.0 |
% |
Medicare Part C |
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66.8 |
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1.7 |
% |
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34.6 |
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1.1 |
% |
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131.4 |
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1.8 |
% |
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67.2 |
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1.1 |
% |
Private & other |
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57.1 |
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1.5 |
% |
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63.2 |
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2.1 |
% |
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110.2 |
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1.4 |
% |
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126.1 |
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2.2 |
% |
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$ |
466.0 |
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12.0 |
% |
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$ |
357.6 |
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11.4 |
% |
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$ |
908.4 |
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12.1 |
% |
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$ |
703.5 |
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11.7 |
% |
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Consolidated |
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For the Three Months Ended June 30, |
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For the Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Commercial insurance |
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$ |
1,112.5 |
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28.7 |
% |
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$ |
786.1 |
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25.0 |
% |
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$ |
2,126.8 |
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28.4 |
% |
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$ |
1,502.0 |
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24.9 |
% |
Medicaid |
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436.6 |
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11.3 |
% |
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354.7 |
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11.3 |
% |
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842.3 |
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11.3 |
% |
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678.0 |
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11.3 |
% |
Medicare Part A |
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309.8 |
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8.0 |
% |
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264.7 |
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8.4 |
% |
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618.7 |
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8.3 |
% |
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527.5 |
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8.7 |
% |
Medicare Part B |
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30.6 |
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0.8 |
% |
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20.1 |
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0.6 |
% |
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52.4 |
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0.7 |
% |
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41.1 |
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0.6 |
% |
Medicare Part C |
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720.5 |
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18.6 |
% |
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590.2 |
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18.8 |
% |
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1,387.5 |
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18.6 |
% |
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1,110.5 |
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18.4 |
% |
Medicare Part D |
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1,149.9 |
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29.7 |
% |
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1,008.4 |
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32.0 |
% |
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2,224.0 |
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29.7 |
% |
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1,919.3 |
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31.9 |
% |
Private & other |
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113.2 |
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2.9 |
% |
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123.5 |
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3.9 |
% |
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235.2 |
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3.0 |
% |
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247.4 |
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4.2 |
% |
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$ |
3,873.1 |
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100.0 |
% |
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$ |
3,147.7 |
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100.0 |
% |
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$ |
7,486.9 |
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100.0 |
% |
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$ |
6,025.8 |
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|
100.0 |
% |
Refer to Note 11 for the disaggregation of revenue by reportable segment.
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