Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Centene Corporation Revenue & Financial Statements
Centene Corporation reported revenue of $194.8B for the fiscal year ended December 31, 2025, up 33.9% year over year, with net income of $(6.7B) and diluted EPS of $-13.53.
- Company
- Centene Corporation CNC · NYSE
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 118.0B | 135.5B | 140.1B | 145.5B | 194.8B |
| Cost of revenue | 4.9B | 7.0B | 3.6B | 2.7B | 2.7B |
| Gross profit | 113.1B | 128.4B | 17.6B | 17.1B | 14.2B |
| Operating income | 1.8B | 1.3B | 2.9B | 3.2B | (7.6B) |
| Pretax income | 1.8B | 2.0B | 3.6B | 4.3B | (6.7B) |
| Net income | 1.1B | (7.0M) | 3.2B | 3.5B | (6.7B) |
| Diluted EPS | 2.28 | 2.07 | 4.95 | 6.31 | -13.53 |
| EBITDA | 2.3B | 1.9B | 3.5B | 3.7B | (6.3B) |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 36.3B | 36.0B | 36.9B | 36.3B | 42.5B | 42.5B | 44.9B | 49.7B |
| Cost of revenue | 669.0M | 680.0M | 692.0M | 688.0M | 698.0M | 641.0M | 651.0M | 680.0M |
| Gross profit | 4.7B | 4.5B | 4.0B | 3.8B | 5.3B | 3.0B | 3.3B | 2.6B |
| Operating income | 1.1B | 1.2B | 665.0M | 175.0M | 1.5B | (458.0M) | (7.0B) | (1.7B) |
| Pretax income | 1.5B | 1.5B | 921.0M | 347.0M | 1.7B | (257.0M) | (6.7B) | (1.5B) |
| Net income | 1.2B | 1.1B | 1.1B | 5.0M | 1.5B | (147.0M) | (6.5B) | (1.1B) |
| Diluted EPS | 2.16 | 2.16 | 1.36 | 0.62 | 2.63 | -0.51 | -13.50 | -2.24 |
| EBITDA | 1.2B | 1.4B | 805.0M | 316.0M | 1.7B | (317.0M) | (6.8B) | (1.4B) |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 78.4B | 76.9B | 84.6B | 82.4B | 76.7B |
| Current assets | 28.5B | 30.1B | 40.8B | 38.0B | 40.4B |
| Cash & equivalents | 13.1B | 12.1B | 17.2B | 14.1B | 17.9B |
| Total liabilities | 51.4B | 52.6B | 58.7B | 55.9B | 56.7B |
| Current liabilities | 25.8B | 28.5B | 36.7B | 34.3B | 36.7B |
| Long-term debt | 18.6B | 17.9B | 17.7B | 18.4B | 17.4B |
| Total debt | 18.8B | 18.0B | 17.8B | 18.5B | 17.4B |
| Stockholders’ equity | 26.8B | 24.1B | 25.8B | 26.4B | 20.0B |
| Net debt | 5.7B | 5.9B | 636.0M | 4.5B | (487.0M) |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 4.2B | 6.3B | 8.1B | 154.0M | 5.1B |
| Investing cash flow | (3.3B) | (2.9B) | (1.2B) | (1.1B) | 472.0M |
| Financing cash flow | 1.4B | (4.2B) | (1.7B) | (2.4B) | (1.6B) |
| Capital expenditure | 910.0M | 1.0B | 799.0M | 644.0M | 767.0M |
| Free cash flow | 3.3B | 5.3B | 7.3B | (490.0M) | 4.3B |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 203.0M | 234.0M | 216.0M | 212.0M | 204.0M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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