MOH on NYSE

Molina Healthcare

Logo: Molina Healthcare, Public domain, via Wikimedia Commons6

American-managed healthcare insurance company

Molina Healthcare, Inc. is an American managed care company headquartered in Long Beach, California. The company provides health insurance to individuals through government programs such as Medicaid and Medicare.3 Its shares trade on NYSE under the symbol MOH.1 Wikipedia text CC BY-SA 4.0

$206.86 down 5.64 (2.65%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

1980Founded1

Compare with Humana, Centene Corporation or Elevance Health, Inc., or pick any stock.

  • TickerMOH on NYSE1
  • Industryhealth care industry1
  • HeadquartersLong Beach1
  • Websitemolinahealthcare.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address200 Oceangate, Suite 100, Long Beach, Ca 908027
  • Filer categoryLarge accelerated filer7
  • LEI549300NQQCEQ46YHZ5914
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressc/o CORPORATION SERVICE COMPANY, 251 LITTLE FALLS DRIVE, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 35511354

Molina Healthcare, Inc. is an American managed care company headquartered in Long Beach, California. The company provides health insurance to individuals through government programs such as Medicaid and Medicare.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

1.7%Operating margin10
1.0%Net margin10
11.7%Revenue growth, 202510
11.6%Return on equity10
0.93×Debt to equity10
-$636.0MFree cash flow10

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue87¢$39.5B
  • Other costs12¢$5.3B
  • Income tax0¢$117.0M
  • Profit1¢$472.0M

Out of $45.4B in revenue.10

Financial statements

Revenue1112131410$45.4B in 2025+170% since 2019
0$20.0B$40.0B$60.0B2019: $16.8B$16.8B20192020: $19.4B$19.4B2020+15%2021: $27.8B$27.8B2021+43%2022: $32.0B$32.0B2022+15%2023: $34.1B$34.1B2023+7%2024: $40.6B$40.6B2024+19%2025: $45.4B$45.4B2025+12%
Gross profit15$2.5B in 2020+8% since 2019
0$1.0B$2.0B$3.0B2019: $2.3B$2.3B20192020: $2.5B$2.5B2020+8%
Operating income1112131410$781.0M in 2025−25% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.0B$1.0B20192020: $1.1B$1.1B2020+3%2021: $1.0B$1.0B2021−5%2022: $1.2B$1.2B2022+15%2023: $1.6B$1.6B2023+34%2024: $1.7B$1.7B2024+9%2025: $781.0M$781.0M2025−54%
Net income1112131410$472.0M in 2025−36% since 2019
0$500.0M$1.0B$1.5B2019: $737.0M$737.0M20192020: $673.0M$673.0M2020−9%2021: $659.0M$659.0M2021−2%2022: $792.0M$792.0M2022+20%2023: $1.1B$1.1B2023+38%2024: $1.2B$1.2B2024+8%2025: $472.0M$472.0M2025−60%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Premium revenue$43.1B$38.6B$32.5B
Premium tax revenue$1.9B$1.5B$1.1B
Investment income$420.0M$452.0M$394.0M
Other revenue$91.0M$85.0M$80.0M
Total revenue$45.4B$40.6B$34.1B
Medical care costs$39.5B$34.4B$28.7B
General and administrative expenses$3.0B$2.7B$2.5B
Premium tax expenses$1.9B$1.5B$1.1B
Depreciation and amortization$195.0M$186.0M$171.0M
Other$90.0M$100.0M$128.0M
Total operating expenses$44.6B$38.9B$32.5B
Operating income$781.0M$1.7B$1.6B
Interest expense$192.0M$118.0M$109.0M
Income before income tax expense$589.0M$1.6B$1.5B
Income tax expense$117.0M$410.0M$373.0M
Net income$472.0M$1.2B$1.1B
Basic (in dollars per share)$8.93$20.52$18.91
Diluted (in dollars per share)$8.92$20.42$18.77
Basic (in shares)52.8M shares57.4M shares57.7M shares
Diluted (in shares)52.9M shares57.7M shares58.1M shares

Compare Molina Healthcare with another company

Corporate structure

Molina Healthcare sits at the top of its group. 49 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Molina Healthcare

  • Molina Healthcare Long Beach, California, United States
    • 2028 West Broadway, LLC Subsidiary · Delaware, United States
    • AlphaCare Holdings, Inc. Subsidiary · Delaware, United States
    • Central Health Plan of California, Inc. Subsidiary · California, United States
    • ConnectiCare Benefits, Inc. Subsidiary · Connecticut, United States
    • ConnectiCare Capital, LLC Subsidiary · Connecticut, United States
    • ConnectiCare Holding Company, Inc. Subsidiary · Connecticut, United States
    • ConnectiCare Insurance Company, Inc. Subsidiary · Connecticut, United States
    • ConnectiCare, Inc. Subsidiary · Connecticut, United States
    • MHAZ, Inc. Subsidiary · Arizona, United States
    • Molina Care Connections, LLC Subsidiary · Texas, United States
    • Molina Clinical Services, LLC Subsidiary · Delaware, United States
    • Molina Healthcare Data Center, LLC Subsidiary · New Mexico, United States
    • Molina Healthcare of Arizona, Inc. Subsidiary · Arizona, United States
    • Molina Healthcare of California Subsidiary · California, United States
    • Molina Healthcare of Florida, Inc. Subsidiary · Florida, United States
    • Molina Healthcare of Georgia, Inc. Subsidiary · Georgia, United States
    • Molina Healthcare of Illinois, Inc. Subsidiary · Illinois, United States
    • Molina Healthcare of Indiana, Inc. Subsidiary · Indiana, United States
    • Molina Healthcare of Iowa, Inc. Subsidiary · Iowa, United States
    • Molina Healthcare of Kansas, Inc. Subsidiary · Kansas, United States
    • Molina Healthcare of Kentucky, Inc. Subsidiary · Kentucky, United States
    • Molina Healthcare of Louisiana, Inc. Subsidiary · Louisiana, United States
    • Molina Healthcare of Michigan, Inc. Subsidiary · Michigan, United States
    • Molina Healthcare of Mississippi, Inc. Subsidiary · Mississippi, United States
    • Molina Healthcare of Missouri, Inc. Subsidiary · Missouri, United States
    • and 23 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Molina Healthcare reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.1B10 Dec 31, 2025$1.0B10 Dec 31, 2024+8.4%
Accumulated depreciation$875.0M10 Dec 31, 2025$806.0M10 Dec 31, 2024+8.6%
Finance-lease assets$61.0M10 Dec 31, 2025$65.0M10 Dec 31, 2024−6.2%
Operating-lease assets (leased space)$30.0M10 Dec 31, 2025$35.0M10 Dec 31, 2024−14.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$4.2B10 Dec 31, 2025$4.7B10 Dec 31, 2024−8.9%
Marketable securities, current$4.0B10 Dec 31, 2025$4.3B10 Dec 31, 2024−7.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.0B10 Dec 31, 2025$1.7B10 Dec 31, 2024+17.2%
Finite-lived intangibles, gross$803.0M10 Dec 31, 2025$742.0M10 Dec 31, 2024+8.2%
Accumulated amortization$566.0M10 Dec 31, 2025$475.0M10 Dec 31, 2024+19.2%
Finite-lived intangibles, net$237.0M10 Dec 31, 2025$267.0M10 Dec 31, 2024−11.2%

Properties, in its own words

We own and lease certain real properties to support the business operations of our reportable segments. In 2022, we completed a plan to reduce the real estate footprint used in our business operations to accommodate our move to a permanent remote work environment, a model we have been working under successfully since 2020. Our remaining office space is being reconfigured and optimized for utilization and efficiency. While we believe our current and anticipated facilities are adequate to meet our operational needs in the near term, we continually evaluate the adequacy of our properties for our anticipated future needs.

Item 2 of the 10-K filed Feb 10, 2026.18

The story

Molina Healthcare was founded in 1980 by C. David Molina, an emergency room physician in Long Beach, California. He had seen an influx of patients using the emergency room for common illnesses such as a sore throat or the flu because they were being turned away by doctors who would not accept Medi-Cal. Molina established his first primary care clinic with the goal of treating the lowest-income patients, regardless of their ability to pay.

From Wikipedia’s article on Molina Healthcare, shared under CC BY-SA 4.0.8

Leadership

Who has led Molina Healthcare, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (40)

Products and brands

  • health insurance

Listed on Wikidata.1

Entering the Medicare market

Molina Healthcare entered the Medicare market in 2006. The company currently offers Medicare health plan options in: Arizona, California, Florida, Idaho, Illinois, Kentucky, Massachusetts, Michigan, Nevada, New Mexico, New York, Ohio, South Carolina, Texas, Utah, Virginia, Washington and Wisconsin.

Entering MMIS market

Molina Healthcare acquired Unisys' health information management business in December 2010 to create Molina Medicaid Solutions (MMS). MMS has Medicaid Management Information Systems (MMIS) contracts with Idaho, Louisiana, Maine, New Jersey, West Virginia and the U.S. Virgin Islands. In Autumn 2018, Molina Healthcare, Inc. sold its Medicaid management information systems business, Molina Medicaid Solutions (MMS), to DXC Technology. MMS was a wholly owned subsidiary of Molina Healthcare at the time of sale.

Entering health insurance marketplace

In 2014, Molina Healthcare began offering Marketplace plans in nine states where it offered Medicaid health plans through State Facilitated Marketplaces and Federally Facilitated Marketplace. On November 16, 2016 the Seattle Times reported that about 11 million people currently get their coverage through the exchange. In August 2017 Molina announced it would stop offering plans on the health insurance marketplaces in Utah, Wisconsin, and Maine in 2018.

From Wikipedia’s article on Molina Healthcare, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 2028 West Broadway, LLC Delaware9
  • AlphaCare Holdings, Inc. Delaware9
  • Central Health Plan of California, Inc. California9
  • ConnectiCare Benefits, Inc. Connecticut9
  • ConnectiCare Capital, LLC Connecticut9
  • ConnectiCare Holding Company, Inc. Connecticut9
  • ConnectiCare Insurance Company, Inc. Connecticut9
  • ConnectiCare, Inc. Connecticut9
  • MHAZ, Inc. Arizona9
  • Molina Care Connections, LLC Texas9
  • Molina Clinical Services, LLC Delaware9
  • Molina Healthcare Data Center, LLC New Mexico9
  • Molina Healthcare of Arizona, Inc. Arizona9
  • Molina Healthcare of California California9
  • Molina Healthcare of Florida, Inc. Florida9
  • Molina Healthcare of Georgia, Inc. Georgia9
  • Molina Healthcare of Illinois, Inc. Illinois9
  • Molina Healthcare of Indiana, Inc. Indiana9
  • Molina Healthcare of Iowa, Inc. Iowa9
  • Molina Healthcare of Kansas, Inc. Kansas9
  • Molina Healthcare of Kentucky, Inc. Kentucky9
  • Molina Healthcare of Louisiana, Inc. Louisiana9
  • Molina Healthcare of Michigan, Inc. Michigan9
  • Molina Healthcare of Mississippi, Inc. Mississippi9
All 49 listed subsidiaries
  • Molina Healthcare of Missouri, Inc. Missouri9
  • Molina Healthcare of Nebraska, Inc. Nebraska9
  • Molina Healthcare of Nevada, Inc. Nevada9
  • Molina Healthcare of New Mexico, Inc. New Mexico9
  • Molina Healthcare of New York, Inc. New York9
  • Molina Healthcare of North Carolina, Inc. North Carolina9
  • Molina Healthcare of Ohio, Inc. Ohio9
  • Molina Healthcare of Oklahoma, Inc. Oklahoma9
  • Molina Healthcare of Pennsylvania, Inc. Pennsylvania9
  • Molina Healthcare of Rhode Island Holding Company, Inc. Delaware9
  • Molina Healthcare of Rhode Island, Inc. Rhode Island9
  • Molina Healthcare of South Carolina, Inc. South Carolina9
  • Molina Healthcare of Tennessee, Inc. Tennessee9
  • Molina Healthcare of Texas Insurance Company Texas9
  • Molina Healthcare of Texas, Inc. Texas9
  • Molina Healthcare of Utah, Inc. Utah9
  • Molina Healthcare of Virginia, LLC Virginia9
  • Molina Healthcare of Washington, Inc. Washington9
  • Molina Healthcare of Wisconsin, Inc. Wisconsin9
  • SWH Holdings, Inc. Delaware9
  • Senior Health Holdings, Inc. Delaware9
  • Senior Health Holdings, LLC Delaware9
  • Senior Whole Health of New York, Inc. New York9
  • Senior Whole Health, LLC Massachusetts9
  • The Management Group, LLC Wisconsin9

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • MOLINA HEALTHCARE INCDec 30, 2002 to Jul 3, 20197

Timeline

  1. Jul 22, 20268-K Results of operations67
  2. Jun 10, 20268-K Regulation FD disclosure68
  3. May 11, 20268-K Executive or director change; Bylaws or fiscal year changed; Shareholder vote69
  4. May 8, 20268-K Regulation FD disclosure70
  5. Apr 22, 20268-K Results of operations71
  6. Feb 26, 20268-K Regulation FD disclosure72
  7. Feb 6, 20268-K Entered a material agreement; New debt or obligation; Impairment73
  8. Feb 5, 20268-K Results of operations74
  9. Nov 20, 20258-K Entered a material agreement; New debt or obligation; Other events75
  10. Nov 18, 20258-K Regulation FD disclosure76
  11. Nov 17, 20258-K Regulation FD disclosure77
  12. Nov 14, 20258-K Regulation FD disclosure78
  13. Nov 6, 2017New chief executive Joseph M. Zubretsky becomes CEO19
  14. Feb 6, 2006New chief executive Roman Kulich becomes CEO22
  15. Jan 4, 2006New chief executive Joann Zarza-Garrido becomes CEO21
  16. Jan 4, 2006New chief executive George Kirk Olsen becomes CEO20
  17. 1980Founded Founded1

Calendar

Coming up

  1. Oct 21, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.84 a share, on Oct 22, 2025.79

When it reported results

  1. Jul 22, 2026Reported quarterly or annual results67
  2. Apr 22, 2026Reported quarterly or annual results71
  3. Feb 5, 2026Reported quarterly or annual results74
  4. Oct 22, 2025Reported quarterly or annual results80
  5. Jul 23, 2025Reported quarterly or annual results81
  6. Jul 7, 2025Reported quarterly or annual results82
  7. Apr 23, 2025Reported quarterly or annual results83
  8. Feb 5, 2025Reported quarterly or annual results84

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

477 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 77 major events, 290 insider forms, 42 large holders, 48 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 2, 20264 EDGAR
  7. Oct 2, 20264 EDGAR
  8. Oct 2, 20264 EDGAR
  9. Oct 2, 20264 EDGAR
  10. Sep 3, 2026SCHEDULE 13G EDGAR
  11. Aug 13, 2026SCHEDULE 13G/A EDGAR
  12. Aug 12, 2026SCHEDULE 13G/A EDGAR
  13. Aug 6, 2026SCHEDULE 13G/A EDGAR
  14. Jul 23, 202610-Q EDGAR
  15. Jul 22, 20268-K EDGAR
  16. Jul 2, 20264 EDGAR
  17. Jul 2, 20264 EDGAR
  18. Jul 2, 20264 EDGAR
  19. Jul 2, 20264 EDGAR
  20. Jul 2, 20264 EDGAR

The 477 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

68 open-market trades by officers, directors and large owners since October 2021: 2 buys and 66 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 14, 2026HEBERT MAURICEChief Accounting OfficerSale600$191.55$114.9KForm 4
May 11, 2026Barlow Jeff D.Chief Legal OfficerSale17,811$186.12$3.3MForm 4
Mar 12, 2026ROMNEY RONNADirectorSale506$146.92$74.3KForm 4
Feb 11, 2026ZORETIC RICHARD CDirectorBuy800$125.16$100.1KForm 4
Nov 24, 2025Schapiro Richard MDirectorSale357$143.02$51.1KForm 4
Aug 6, 2025ROMNEY RONNADirectorSale700$153.74$107.6KForm 4
Aug 4, 2025WOYS JAMESChief Operating OfficerBuy10,000$155.94$1.6MForm 4
May 21, 2025WOLF DALE BDirectorSale1,500$322.89$484.3KForm 4
May 5, 2025ORLANDO STEVEN JDirectorSale1,000$318.58$318.6KForm 4
Apr 30, 2025Zubretsky Joseph MPresident & CEOSale87,500$320.06$28.0MForm 4
Apr 29, 2025Schapiro Richard MDirectorSale669$320.50$214.4KForm 4
Mar 3, 2025ORLANDO STEVEN JDirectorSale1,000$301.33$301.3KForm 4
Nov 18, 2024Schapiro Richard MDirectorSale136$292.72$39.8KForm 4
Aug 15, 2024HEBERT MAURICEChief Accounting OfficerSale393$346.52$136.2KForm 4
Jul 30, 2024ORLANDO STEVEN JDirectorSale1,000$339.21$339.2KForm 4
Jul 29, 2024Barlow Jeff D.Chief Legal OfficerSale5,340$335.00$1.8MForm 4
May 22, 2024WOYS JAMESChief Operating OfficerSale10,000$345.15$3.5MForm 4
May 21, 2024ROMNEY RONNADirectorSale250$343.27$85.8KForm 4
Feb 20, 2024Schapiro Richard MDirectorSale1,000$401.05$401.1KForm 4
Feb 15, 2024ORLANDO STEVEN JDirectorSale750$399.12$299.3KForm 4

All 68 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Joseph M. ZubretskyPresident and Chief Executive Officer$1.6M$18.3M97
2025Mark L. KeimChief Financial Officer$1.0M$7.6M97
2025James E. WoysChief Operating Officer$800.0K$5.4M97
2025Jeff D. BarlowChief Legal Officer and Secretary$685.0K$4.4M97
2025Debra J. BaconExecutive Vice President, Medicaid$675.0K$2.9M97
2024Joseph M. ZubretskyPresident and Chief Executive Officer$1.6M$21.9M97
2024Mark L. KeimChief Financial Officer$850.0K$7.0M97
2024James E. WoysChief Operating Officer$800.0K$6.2M97
2024Jeff D. BarlowChief Legal Officer and Secretary$685.0K$4.8M97
2024Debra J. BaconExecutive Vice President, Medicaid$675.0K$3.6M97
2023Joseph M. ZubretskyPresident and Chief Executive Officer$1.5M$21.5M97
2023Mark L. KeimChief Financial Officer$850.0K$6.4M97
2023James E. WoysChief Operating Officer$800.0K$5.5M97
2023Jeff D. BarlowChief Legal Officer and Secretary$685.0K$4.9M97

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.6,572,156$1.5B0.0%+203,130
Aqr Capital Management LLC3,560,601$806.9M0.3%+697,208
Vanguard Portfolio Management LLC2,790,243$638.1M0.0%−728
Capital World Investors2,562,913$586.1M0.1%−636,433
Lingotto Investment Management LLP2,511,490$574.4M12.4%New
Vanguard Capital Management LLC2,355,261$538.6M0.0%+45,031
Victory Capital Management Inc1,980,615$453.0M0.3%−90,084
Fmr LLC1,871,290$428.0M0.0%−1,333,634
State Street Corp1,755,467$401.5M0.0%+25,026
Dimensional Fund Advisors LP1,393,338$318.7M0.1%−1,544
Goldman Sachs Group Inc1,306,563$298.8M0.0%+579,678
Wellington Management Group Llp1,267,207$289.8M0.1%+135,247
Two Sigma Investments, LP1,266,338$289.6M0.2%−84,357
Capital Research Global Investors1,092,251$249.8M0.0%+4,446
Morgan Stanley1,007,068$230.3M0.0%+1,071
Harris Associates L P957,500$219.0M0.3%−20,647
Geode Capital Management, LLC891,772$204.0M0.0%−29,241
Manning & Napier Advisors LLC663,669$152.3M2.0%+118,252
UBS Group AG624,180$142.7M0.0%+151,704
Long Focus Capital Management, LLC610,000$139.5M5.7%−5,000
Charles Schwab Investment Management Inc575,045$131.5M0.0%+35,733
Invesco Ltd.508,669$116.3M0.0%+1,029
Jacobs Levy Equity Management, Inc505,241$115.5M0.4%+154,296
Northern Trust Corp386,064$88.3M0.0%+3,011
Norges Bank380,649$87.1M0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

11 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Nov 12, 2025Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000−37.7%Report
Sep 4, 2025Byron DonaldsRepublican, HouseSale$1,001 - $15,000−5.5%Report
Sep 4, 2025Byron DonaldsRepublican, HouseSale$1,001 - $15,000−5.5%Report
Aug 5, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+14.0%Report
May 30, 2025Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+61.3%Report
May 15, 2025Robert P. Bresnahan, Jr.Republican, HouseBuy$1,001 - $15,000−63.0%Report
Apr 29, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−72.8%Report
Jan 13, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+60.6%Report
Jul 12, 2023Daniel S. GoldmanDemocratic, HouseSale$15,001 - $50,000+100.2%Report
Jun 15, 2023Earl Blumenauer, HouseBuy$15,001 - $50,000−99.5%Report
Apr 10, 2023Daniel S. GoldmanDemocratic, HouseBuy$15,001 - $50,000−115.1%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Molina Healthcare is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMOLINA HEALTHCARE, INC.2
  • CIK0001179929
  • Employer ID (EIN)13-420462618
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)6324 Hospital & Medical Service Plans2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address200 Oceangate, Suite 100, Long Beach, CA 908022
  • Phone56243536662
  • Shares outstanding52,200,000 as of Jul 17, 202617
  • Public float$16.0B as of Jun 30, 202518
  • AuditorErnst & Young LLP, Los Angeles, California PCAOB ID 42; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceDec 30, 20022
  • Filings2,681 in all: 4 (1,708), 8-K (424), SC 13G (81), SC 13G/A (74), 10-Q (70), 3 (38), 4/A (34), 144 (31)2
    All 43 form types

    CORRESP (26), DEF 14A (24), 10-K (23), UPLOAD (22), 8-K/A (14), ARS (14), DEFA14A (13), SCHEDULE 13G/A (12), S-1/A (8), S-8 (8), SCHEDULE 13G (8), 424B5 (7), CT ORDER (5), PRE 14A (5), 5 (3), 10-Q/A (2), 424B3 (2), EFFECT (2), S-1 (2), S-3 (2), S-3/A (2), S-3ASR (2), S-4 (2), SC 13D/A (2), 10-K/A (1), 305B2 (1), 424B1 (1), 424B4 (1), 8-A12B (1), D (1), FWP (1), POS AM (1), S-1MEF (1), S-8 POS (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 10, 2026
    Quarterly report (10-Q) Jul 23, 2026
    Proxy statement (DEF 14A) Mar 23, 2026
    Latest 8-K (8-K) Jul 22, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 Par ValueMOHNew York Stock Exchange

From the cover page of the 10-K filed Feb 10, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Molina Healthcare names in Item 1A of its 10-K filed Feb 10, 2026: 40 risks under these headings, as written.18

  • RISKS RELATED TO OUR BUSINESS
  • The Medicaid rates paid to us by states may be insufficient to cover our rising medical care costs.
  • Our Marketplace business has been volatile and unpredictable, and has been subject to annual programmatic changes that are difficult to price for actuarially.
  • Our health plans operate with very low profit margins, and small changes in operating performance or slight changes to our accounting estimates could have a disproportionate impact on our reported net income.
  • If we fail to accurately predict and effectively manage our medical care costs, our operating results could be materially and adversely affected.
  • Our Medicaid premium revenues could be adversely impacted by retroactive adjustments or recoupments, or states’ delays in implementing rate changes.
  • If the responsive bids of our health plans for new or renewed Medicaid contracts are not successful, or if our government contracts are terminated or are not renewed on favorable terms, our premium revenues could be materially reduced, our operating results could be negatively impacted, and we may not realize the full projected amount of our embedded earnings.
  • We are subject to risks associated with outsourcing services and functions to third parties.
  • We and our third-party service providers are exposed to cybersecurity risks, which may result in operational impact, increased costs, exposure to significant legal liability, reputational harm, loss of business, and other serious negative consequences.
  • We may be unable to successfully integrate our acquisitions or realize the anticipated benefits of such acquisitions, including the full realization of our embedded earnings.
  • We may be unable to sustain our projected rate of growth due to a lack of merger and acquisition opportunities.
  • Failure to attain profitability in any newly acquired health plans or new start-up operations could negatively affect our results of operations.
The other 29 risks
  • If we lose contracts that constitute a significant amount of our premium revenue, we will lose the administrative cost efficiencies or cost leverage that is inherent in a larger revenue base.
  • Our health plans are subject to risk associated with various contractual provisions and regulations establishing medical cost expenditure floors, profit ceilings, risk corridors, or quality withholds.
  • If, in the interest of long-term profitability, we decide to exit certain state contractual arrangements, make changes to our provider networks, or make changes to our administrative infrastructure, we may suffer disruptions to our business that could in the short term materially reduce our premium revenues and our net income.
  • A failure to accurately estimate incurred but not paid medical care costs may negatively impact our results of operations.
  • If we are unable to deliver quality care, and maintain good relations with the physicians, hospitals, and other providers with whom we contract, or if we are unable to enter into cost-effective contracts with such providers, our profitability could be adversely affected.
  • We rely on the accuracy of eligibility lists provided by state governments. Inaccuracies in those lists could negatively affect our results of operations.
  • The insolvency of a delegated provider could obligate us to pay its referral claims, which could have a material adverse effect on our business, financial condition, cash flows, or results of operations.
  • If a state fails to renew its federal waiver application for mandated Medicaid enrollment into managed care or such application is denied, our membership in that state will likely decrease.
  • Our business depends on our information and medical management systems, and our inability to effectively integrate, manage, update, and keep secure our information and medical management systems could disrupt our operations.
  • Our encounter data, or the encounter data of the health plans we acquire, may be inaccurate or incomplete, which could have a material adverse effect on our business, financial condition, cash flows, or results of operations, and on our ability to bid for, and continue to participate in, certain programs.
  • We may not be successful in our AI administrative and operational initiatives, which could adversely affect our business or reputation.
  • An impairment charge with respect to our recorded goodwill, or our finite-lived intangible assets, could have a material impact on our financial results.
  • The value of our investments is influenced by varying economic and market conditions, and a decrease in value may result in a loss charged to income.
  • RISKS RELATED TO OUR INDUSTRY
  • Medicaid enrollees continue to be subject to eligibility redeterminations and potential disenrollments on a state by state basis, and the number and health acuity level of Medicaid enrollees we retain may be lower than our current estimates.
  • CMS has now ended the MMP program, which programmatic change could impact our premium revenues.
  • If state regulators do not approve payments of dividends and distributions by our subsidiaries, it may negatively affect our ability to meet our debt service and other obligations.
  • We are subject to extensive fraud and abuse laws that may give rise to lawsuits and claims against us, the outcome of which may have a material adverse effect on our business, financial condition, cash flows, or results of operations.
  • Unforeseen changes in pharmaceutical regulations or market conditions may impact our revenues and adversely affect our results of operations.
  • Increases in our pharmaceutical costs could have a material adverse effect on the level of our medical costs and our results of operations.
  • Large-scale medical emergencies in one or more states in which we operate our health plans could significantly increase utilization rates and medical costs.
  • We face various risks inherent in the government contracting process that could materially and adversely affect our business and profitability, including periodic routine and non-routine reviews, audits, and investigations by government agencies.
  • Any changes to the laws and regulations governing our business, or the interpretation and enforcement of those laws or regulations implemented by the Trump administration, could require us to modify our operations and could negatively impact our operating results.
  • Adverse credit market conditions may have a material adverse effect on our liquidity or our ability to obtain credit on acceptable terms.
  • Restrictive covenants in our debt instruments may restrict our ability to pursue our business strategies or have other adverse consequences.
  • GENERAL RISK FACTORS
  • We are dependent on the leadership of our chief executive officer and other executive officers and key employees.
  • We face risks related to litigation or arbitration.
  • Failure to maintain effective internal controls over financial reporting could have a material adverse effect on our business, operating results, and stock price, and could subject us to sanctions by regulatory authorities.
  • Because our corporate headquarters are located in Southern California, our business operations may be disrupted as a result of a major earthquake or wildfire.
  • Changes in tax laws or regulations that are applied adversely to us or our customers may materially adversely affect our business, prospects, financial condition and operating results.

Legal proceedings

For information regarding legal proceedings, see the Notes to Consolidated Financial Statements, Note 15, “Commitments and Contingencies—Legal Proceedings.”

The opening of Item 3, Legal Proceedings.18

Sources

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