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agilon health vs Marpai: revenue, profit, margins and growth compared

agilon health brought in $5.9B of revenue in fiscal 2025, Marpai $18.1M in fiscal 2025. Revenue changed by -2.1% at agilon health and -35.8% at Marpai on the year before, so agilon health grew faster. agilon health kept -6.6% of its revenue as net profit, Marpai -91.5%.

Side by side, latest fiscal year

AGLMRAI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$5.9B$18.1M
Revenue growth-2.1%-35.8%
Net income-$391.3M-$16.6M
Net margin-6.6%-91.5%
Free cash flow-$119Mn/a
Free cash flow margin-2.0%n/a
Earnings per share (diluted)n/a-$0.95
Cash$173.7M$133K
Debt$35M$19.4M
Price to earningsn/an/a
Market value$1.4B$91M
Dividend yieldn/an/a
Rank by revenue in sector#60 of 742 · Health care#481 of 742 · Health care

Over the years

Revenue
AGL FY2019: $794.4MAGL FY2021: $1.2BAGL FY2021: $1.5BAGL FY2022: $2.4BAGL FY2023: $4.3BAGL FY2024: $6.1BAGL FY2025: $5.9BMRAI FY2021: $14.2MMRAI FY2022: $24.3MMRAI FY2023: $37.2MMRAI FY2024: $28.2MMRAI FY2025: $18.1MFY19FY21FY22FY23FY24FY25
AGL $5.9BMRAI $18.1M
Net income
AGL FY2019: -$282.6MAGL FY2021: -$60.1MAGL FY2021: -$406.5MAGL FY2022: -$106.6MAGL FY2023: -$262.6MAGL FY2024: -$260.2MAGL FY2025: -$391.3MMRAI FY2021: -$3.9MMRAI FY2021: -$16MMRAI FY2022: -$26.5MMRAI FY2023: -$28.8MMRAI FY2024: -$22.1MMRAI FY2025: -$16.6MFY19FY21FY22FY23FY24FY25
AGL -$391.3MMRAI -$16.6M
Net margin
AGL FY2019: -35.6%AGL FY2021: -4.9%AGL FY2021: -26.7%AGL FY2022: -4.5%AGL FY2023: -6.1%AGL FY2024: -4.3%AGL FY2025: -6.6%MRAI FY2021: -112.4%MRAI FY2022: -108.7%MRAI FY2023: -77.4%MRAI FY2024: -78.4%MRAI FY2025: -91.5%FY19FY21FY22FY23FY24FY25
AGL -6.6%MRAI -91.5%
Revenue growth
AGL FY2021: +53.4%AGL FY2021: +24.9%AGL FY2022: +57.0%AGL FY2023: +80.7%AGL FY2024: +40.4%AGL FY2025: -2.1%MRAI FY2022: +71.1%MRAI FY2023: +52.6%MRAI FY2024: -24.2%MRAI FY2025: -35.8%FY21FY22FY23FY24FY25
AGL -2.1%MRAI -35.8%
Free cash flow
AGL FY2019: -$106.8MAGL FY2021: -$55MAGL FY2021: -$154.7MAGL FY2022: -$146.2MAGL FY2023: -$172MAGL FY2024: -$71MAGL FY2025: -$119MMRAI FY2021: -$2MMRAI FY2021: -$11.1MMRAI FY2022: -$35.6MFY19FY21FY22FY23FY24FY25
AGL -$119MMRAI -$35.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about agilon health and Marpai

Which is bigger by revenue, agilon health or Marpai?

agilon health is bigger by revenue: $5.9B in fiscal 2025, against $18.1M for Marpai in fiscal 2025.

Which keeps more of its revenue as profit, agilon health or Marpai?

agilon health had a net margin of -6.6% in fiscal 2025; Marpai had -91.5% in fiscal 2025.

Which grew revenue faster, agilon health or Marpai?

In their latest fiscal years revenue changed by -2.1% at agilon health and -35.8% at Marpai.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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