10-Q quarterly report · filed Jul 30, 2025

Humana (HUM) Q2 2025 10-Q Quarterly Report

Short answer

Humana (HUM) filed its Q2 2025 10-Q quarterly report on Jul 30, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $32.4B (up 9.6% year over year) with net income of $545M.

Q2 2025 key financials · XBRL

Revenue
$32.4B
+9.6% YoY · +0.9% QoQ
Net income
$545M
−19.7% YoY · −56.2% QoQ
Operating margin
3.4%
EPS (diluted)
$4.51
−19.9% YoY · −56.2% QoQ

Source: XBRL data from the Humana (HUM) Q2 2025 10-Q on SEC EDGAR. USD.

Humana Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: Additional impairment charges of $32M for indefinite-lived intangible assets in H1 2025, none recorded in same period 2024, triggered by value creation initiatives
  • Most material update: Shift in Medicare Part D benefit design due to Inflation Reduction Act of 2022 causing more level prescription costs and increased plan liabilities risk
  • Regulatory risk: Potential regulatory restrictions on Medicare Advantage profitability comparisons, premium growth, provider network management, and Part D benefit design changes could adversely impact operations
  • Operational/market risk: 6.9% decline in individual Medicare Advantage membership due to exiting unprofitable plans and counties impacting near-term revenue mix and growth
  • Financial risk: Issuance of $2B senior notes in March 2025 to repay $577M maturing debt with increased cash to $4.0B by June 30, 2025 supporting liquidity and debt refinancing plans

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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