Inovalon Results Presentation Deck

Reconciliation Non-GAAP Net Income of Forward-Looking Guidance Inovalon defines Non-GAAP net income as net income or loss calculated in accordance with GAAP, adjusted to exclude tax-affected stock-based compensation expense, acquisition costs, restructuring expense, amortization of acquired intangible assets, amortization of debt issuance costs and debt discount, and other non-comparable items. The Company defines Non-GAAP diluted net income per share as Non-GAAP net income divided by diluted weighted average shares outstanding. A reconciliation of net income to Non-GAAP net income follows: (In millions, except per share amounts) Reconciliation of Forward-Looking Guidance Net income to Non-GAAP net income: Net income Stock-based compensation Acquisition costs: Integration costs Contingent consideration Amortization of acquired intangible assets Amortization of debt issuance costs and debt discount Other non-comparable items (1) Taximpact of add-back items (2) Tax provision impact related to CARES Act Non-GAAP net income GAAP diluted net income per share Non-GAAP diluted net income per share Weighted average shares of common stock outstanding-diluted 60 INOV Q3 2020 Earnings Supplement (10.28.20) v1.0.0 S Three Months Ending December 31, 2020 Low High 17 8 14 (10) 24 0.11 0.16 150 14 1 (8) (11) 30 0.17 0.20 150 $ Guidance Range Year Ending December 31, 2020 Low High 19 31 ABRE 3 5 9 (26) (10) 85 0.13 0.57 150 27 31 13259 (27) (11) 91 0.18 0.61 150 +A Year Ending December 31, 2021 Low High 32 54 ㄒㄒ 110 0.28 0.73 151 32 54 5 5 (30) 113 0.31 0.75 151 Other *non-comparable items include items that are not comparable across reporting periods or items that do not otherwise relate to the Company's ongoing financial results, such as certain employee related expenses attributable to advancements in automation and operational efficiencies, and legal expenses beyond those in the normal course of business. Non-comparable items are excluded from Non-GAAP net income in order to more effectively assess the Company's period over period and ongoing operating performance. 28% statutory tax rate is assumed in order to approximate the Company's effective corporate tax rate for future periods 30

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