Inovalon Results Presentation Deck

Continued Strong Growth Inflection The transformation to the more modular cloud-based Inovalon ONE® Platform offering, its strong marketplace adoption and the transition from legacy to subscription-based platform contract structures has been driving meaningful momentum and continued strong financial performance. The below graphics compare the resulting Q3 2019 TTM to Q3 2018 TTM for revenue, Adjusted EBITDA, Non-GAAP net income per share (EPS) and Free Cash Flow generation (inclusive of cash interest, ABILITY transaction and integration spend, and CAPEX outflows). Adjusted EBITDA $506.0 Revenue 20% $605.2 $138.6 INOV Q3 2019 Earnings Supplement (10.30.19) v1.0.2 38% Q3 2018 TTM Q3 2018 TTM Q3 2019 TTM Q3 2019 TTM *Free Cash Flow is defined as net cash provided by operating activities less purchases of property and equipment and less investment in capitalized software. $191.9 Non-GAAP EPS $0.26 Q3 2018 TTM 65% $0.43 Q3 2019 TTM Free Cash Flow¹ $45.0 $3.2 1,304% Q3 2018 TTM Q3 2019 TTM 10

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