Inovalon Results Presentation Deck

Q2 2019 Highlights Following an important period of meaningful transformation, Inovalon's cloud-based platform capabilities are increasingly being recognized for their market leadership and differentiation, driving strong value-delivery for clients, and resulting in significant sales expansion, revenue growth, operating leverage, and financial performance for the Company. 1. Continued Strong Annual Recurring Revenue Base: SaaS-enabled subscription-based revenue representing 80% of Q2 2019 revenue, up from 78% in Q2 2018. 2. Continued Strong Organic Sales ACV Metrics: Strong market adoption with Q2 2019 new and expanded contracts sales Annualized Contract Value (ACV), excluding Services, of $38.7 million, up 39% sequentially from Q1 2019, with Q2 2019 Trailing Twelve Months (TTM) new sales ACV of $156.3 million (up 69% YoY). 3. Continued Strong Margins: Strong Q2 2019 gross margin of 74%, and Adjusted EBITDA margin of 33.3% 4. Continued Strong Cash Flow: Strong Q2 2019 net cash from operating activities of $25.2 million (inclusive of $15.9 million in interest payments), a year-over-year increase of 90%. 5. Strong Q2 2019 TTM Results: "Inovalon 2.0" transformation initiatives continued to drive strong TTM financial performance with Q2 2019 TTM revenue of $584.6 million (up 23% from TTM Q2 2018), Adj. EBITDA of $188.0 million (up 61% from TTM Q2 2018), Non-GAAP net income per share of $0.39 (up 63% from TTM Q2 2018), and Free Cash Flow¹ of $58.9 million (up $62.2 million from TTM Q2 2018). Note: Please see slide 25 for definitions of the footnoted terms above. 'Free Cash Flow is defined as net cash provided by operating activities less purchases of property and equipment and less investment in capitalized software INOV Q2 2019 Earnings Supplement (7.31.19) v1.0.0 DO 8

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