Inovalon Results Presentation Deck

Cash Flow From Operations The following Cash Flow from Operations guidance, previously provided on May 8, 2018, is being reaffirmed, with 2019 guidance being added. 13% $66 22% 2013 2013-2019G CAGR $86 24% 2014 $68 15% 2015 $93 22% $98 22% 2017 $104 - $115 $90 - $100 (GAAP) 1 -22% -19% 11 2018G¹ $130-$145 -22% -20% 2019G 2016 % of Revenue Note: CAGR calculations undertaken to the mid-point of 2018 Guidance. All numbers in millions. Graphic drawn al midpoint of guidance range 2018G presents both GAAP and Non-GAAP in order to highlight the one-time exclusion of acquisition-related transaction and integration costs. See Non-GAAP reconciliation on Slide 36. Black dotted line represents The midpoint of the GAAP guidance range. Percent (%) reflects Non-GAAP as a percent of revenue INOV Q3 2018 Earnings Supplement (11.7.18) v1.0.0 26

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