CareMax (CMAX) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $751.10M | 19.01% |
| 2022-12-31 | $631.13M | 113.39% |
| 2021-12-31 | $295.76M | 185.98% |
| 2020-12-31 | $103.42M | 14.15% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $198.63M | -14.48% |
| 2024-03-31 | $232.25M | 52.96% |
| 2023-12-31 | $151.84M | -24.78% |
| 2023-09-30 | $201.84M | -10.07% |
| 2023-06-30 | $224.44M | 29.75% |
| 2023-03-31 | $172.98M | 5.31% |
| 2022-12-31 | $164.26M | 4.18% |
| 2022-09-30 | $157.67M | -8.48% |
| 2022-06-30 | $172.28M | 25.82% |
| 2022-03-31 | $136.92M | 15.73% |
| 2021-12-31 | $118.31M | 13.08% |
| 2021-09-30 | $104.62M | 132.91% |
| 2021-06-30 | $44.92M | 60.90% |
| 2021-03-31 | $27.92M | -0.60% |
| 2020-12-31 | $28.09M | 15.56% |
| 2020-09-30 | $24.31M | -5.77% |
| 2020-06-30 | $25.80M | 2.44% |
| 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/Service | Dec 23 | Dec 22 | Dec 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/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| EVH | Evolent Health | $1.96B | $647.14M |
| PRVA | Privia Health Group | $1.66B | $422.33M |
| HQY | HealthEquity | $999.59M | $299.93M |
| CMAX | CareMax | $751.10M | $198.63M |
| CERT | Certara | $354.34M | $93.31M |
| CPSI | TruBridge | $326.65M | $82.71M |
| HCAT | Health Catalyst | $295.94M | $74.72M |
| HSTM | HealthStream | $279.06M | $71.56M |
| NRC | National Research | $148.58M | $35.31M |
| FORA | Forian | $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.