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CareMax (CMAX) Revenue & Revenue Breakdown

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CareMax Revenue Highlights

Latest Revenue (Y)

$751.10M

Latest Revenue (Q)

$198.63M

Main Segment (Y)

Medicare

CareMax Revenue by Period

CareMax Revenue by Year

DateRevenueChange
2023-12-31$751.10M19.01%
2022-12-31$631.13M113.39%
2021-12-31$295.76M185.98%
2020-12-31$103.42M14.15%
2019-12-31$90.60M-

CareMax generated $751.10M in revenue during NA 2023, up 19.01% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

CareMax Revenue by Quarter

DateRevenueChange
2024-06-30$198.63M-14.48%
2024-03-31$232.25M52.96%
2023-12-31$151.84M-24.78%
2023-09-30$201.84M-10.07%
2023-06-30$224.44M29.75%
2023-03-31$172.98M5.31%
2022-12-31$164.26M4.18%
2022-09-30$157.67M-8.48%
2022-06-30$172.28M25.82%
2022-03-31$136.92M15.73%
2021-12-31$118.31M13.08%
2021-09-30$104.62M132.91%
2021-06-30$44.92M60.90%
2021-03-31$27.92M-0.60%
2020-12-31$28.09M15.56%
2020-09-30$24.31M-5.77%
2020-06-30$25.80M2.44%
2020-03-31$25.18M-0.96%
2019-12-31$25.42M-

CareMax generated $198.63M in revenue during Q2 2024, up -14.48% compared to the previous quarter, and up 114.82% compared to the same period a year ago.

CareMax Revenue Breakdown

CareMax Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Medicaid$105.89M$96.53M$46.49M
Medicare$519.83M$486.72M$233.28M
Product and Service, Other$57.67M$47.88M$15.99M

CareMax's latest annual revenue breakdown by segment (product or service), as of Dec 23: Medicare (76.07%), Medicaid (15.50%), and Product and Service, Other (8.44%).

Quarterly Revenue by Product

Product/ServiceMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
Medicare$168.50M$108.65M$134.10M$155.49M$121.59M$113.04M$122.27M$143.66M$107.75M$91.28M$76.43M-
Medicaid$37.65M$26.26M$23.95M$30.05M$25.63M$36.62M$19.85M$19.90M$20.16M$20.16M$20.88M-
Product and Service, Other$7.28M$9.50M$15.72M$16.69M$15.75M$15.55M$8.72M$9.01M$6.87M$7.31M$1.71M-
Medicaid Risk-Based Revenue-----------$5.45M
Medicare Risk Based Revenue-----------$37.76M

CareMax's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Medicare (78.95%), Medicaid (17.64%), and Product and Service, Other (3.41%).

CareMax Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
EVHEvolent Health$1.96B$621.40M
PRVAPrivia Health Group$1.66B$422.33M
HQYHealthEquity$999.59M$299.93M
CMAXCareMax$751.10M$198.63M
CERTCertara$354.34M$94.82M
CPSITruBridge$326.65M$82.71M
HCATHealth Catalyst$295.94M$76.35M
HSTMHealthStream$279.06M$73.09M
NRCNational Research$148.58M$35.82M
FORAForian$20.48M$4.78M

CMAX Revenue FAQ

What is CareMax’s yearly revenue?

CareMax's yearly revenue for 2023 was $751.1M, representing an increase of 19.01% compared to 2022. The company's yearly revenue for 2022 was $631.13M, representing an increase of 113.39% compared to 2021. CMAX's yearly revenue for 2021 was $295.76M, representing an increase of 185.98% compared to 2020.

What is CareMax’s quarterly revenue?

CareMax's quarterly revenue for Q2 2024 was $198.63M, a -14.48% decrease from the previous quarter (Q1 2024), and a -11.50% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $232.25M, a 52.96% increase from the previous quarter (Q4 2023), and a 34.26% increase year-over-year (Q1 2023). CMAX's quarterly revenue for Q4 2023 was $151.84M, a -24.78% decrease from the previous quarter (Q3 2023), and a -7.57% decrease year-over-year (Q4 2022).

What is CareMax’s revenue growth rate?

CareMax's revenue growth rate for the last 3 years (2021-2023) was 153.95%, and for the last 5 years (2019-2023) was 729.02%.

What are CareMax’s revenue streams?

CareMax's revenue streams in c 23 are Medicaid, Medicare, and Product and Service, Other. Medicaid generated $105.89M in revenue, accounting 15.50% of the company's total revenue, up 9.70% year-over-year. Medicare generated $519.83M in revenue, accounting 76.07% of the company's total revenue, up 6.80% year-over-year. Product and Service, Other generated $57.67M in revenue, accounting 8.44% of the company's total revenue, up 20.44% year-over-year.

What is CareMax’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of CareMax was Medicare. This segment made a revenue of $519.83M, representing 76.07% of the company's total revenue.