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[10-Q] MOLINA HEALTHCARE, INC. Quarterly Earnings Report
Molina Healthcare, Inc. (MOH) reported net income of $14 million, or $0.27 per diluted share, for the first quarter of 2026, a significant decrease from $298 million ($5.45 per diluted share) in Q1 2025. This decline was primarily due to lower premium revenue, an increased Medical Care Ratio (MCR) of 91.1%, and a $93 million impairment charge related to the planned exit of its Medicare Advantage-Part D (MAPD) product in 2027. The company’s overall membership decreased by 12% year-over-year, largely influenced by Medicaid market contraction and a strategic reduction in Marketplace membership.