Bright Health Group, Inc. Operating Expenses
| Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|
| Operating Expenses | $96.9M | $181.6M | $417.6M | $1,273.9M | $682.5M | $1,737.8M |
Bright Health Group, Inc. (BHG) Operating Expenses comparison analysis
General
LTM Operating Expenses
Growth
Company name
YoY growth
3Y CAGR
5Y CAGR
BHG key stats
| Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|
% growth | 130.6 0.0% | 280.7 114.9% | 1,207.3 330.2% | 4,029.4 233.7% | 2,412.0 (40.1%) | 1,160.8 (51.9%) |
| Cost of Goods Sold (COGS) | 96.4 | 224.4 | 1,047.3 | 3,953.7 | 2,206.2 | 1,283.7 |
% margin | 34.2 26.2% | 56.3 20.1% | 160.0 13.3% | 75.7 1.9% | 205.8 8.5% | (122.9) (10.6%) |
| Operating Expenses | 96.9 | 181.6 | 417.6 | 1,273.9 | 682.5 | 1,737.8 |
| Research & Development Expenses (R&D) | 2.5 | 7.2 | 19.4 | 0.0 | 0.0 | 0.0 |
| Selling, General & Administrative Expenses (SG&A) | 81.2 | 153.9 | 308.7 | 914.1 | 584.2 | 0.0 |
% margin | (62.6) (48.0%) | (125.3) (44.7%) | (257.6) (21.3%) | (1,198.2) (29.7%) | (476.7) (19.8%) | (627.7) (54.1%) |
| Interest Income | 0.0 | 0.0 | 0.0 | 7.2 | 12.8 | 0.0 |
| Interest Expense | 0.0 | 0.0 | 0.0 | 8.0 | 12.8 | 38.2 |
| Pre-tax Income | (62.6) | (125.3) | (257.6) | (1,204.9) | (634.3) | (629.2) |
% effective tax rate | 3.5 (5.6%) | 8.4 (6.7%) | (9.2) 3.6% | (26.5) 2.2% | 3.7 (0.6%) | (1.4) 0.2% |
% margin | (62.6) (48.0%) | (133.7) (47.6%) | (248.4) (20.6%) | (1,178.4) (29.2%) | (638.0) (26.4%) | (1,200.6) (103.4%) |
| EPS | (37.97) | (79.52) | (145.94) | (240.33) | (81.08) | (150.94) |
| Diluted EPS | (37.97) | (79.52) | (145.94) | (240.33) | (81.08) | (150.94) |
% margin | (61.6) (47.2%) | (124.2) (44.3%) | (249.3) (20.7%) | (1,161.4) (28.8%) | (425.3) (17.6%) | (1,145.5) (98.7%) |
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FAQ
1) What is Bright Health Group, Inc.'s Operating Expenses?
As of today, Bright Health Group, Inc.'s last 12-month Operating Expenses is $663.0M, based on the financial report for Dec 31, 2023 (Q4’2023).
2) What is Bright Health Group, Inc.'s Operating Expenses growth rate?
Over the last year, Bright Health Group, Inc.'s Operating Expenses growth was (51.5%). The average annual Operating Expenses growth rates for Bright Health Group, Inc. have been 58.6% over the past three years, 54.5% over the past five years.
3) Is Bright Health Group, Inc.'s Operating Expenses growth rate Good?
Over the last year, Bright Health Group, Inc.'s Operating Expenses growth was (51.5%), which is lower than industry growth of 0.2%. It indicates that Bright Health Group, Inc.'s Operating Expenses growth is Good.