Inovalon Results Presentation Deck

Q4 2019 Financial Guidance In the setting of a now predominantly subscription-based contract portfolio, significantly increased client Annual Revenue Retention performance, expanded Annual Recurring Revenue base, and strong YTD new ACV sales, Inovalon is providing Q4 2019 guidance as provided below, indicating 24% to 28% year-over-year organic revenue growth. Financial Metric Revenue Net Income ¹ Non-GAAP net income¹ Adjusted EBITDA Diluted Net Income Per Share¹ Non-GAAP diluted net income per share¹ 11 The Company is assuming 149 million weighted average diluted shares and an effective tax rate of approximately 28% for the full year 2019. INOV Q3 2019 Earnings Supplement (10.30.19) v1.0.2 Q4 2019 Financial Guidance $169 million to $174 million $6 million to $10 million $18 million to $22 million $56 million to $62 million $0.04 to $0.07 $0.12 to $0.15 YoY Change 24% to 28% 137% to 189% 44% to 60% 140% to 200% 17

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