Inovalon Results Presentation Deck

Reconciliation Non-GAAP Net Income 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, tax on equity exercises, 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: of Forward-Looking Guidance (In millions, except per share amounts) Reconciliation of Forward-Looking Guidance Net income to Non-GAAP net income: Net income Stock-based compensation Amortization of acquired intangible assets Amortization of debt issuance costs and debt discount Other non-comparable items (1) (2) Tax impact of add-back items 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 S INOV Q4 & FY 2019 Earnings Supplement (2.19.20) v1.0.0 Three Months Ending March 31, 2020 Low 13 1 2 (5) 17 Guidance Range 0.11 150 High 263 1 2 (5) 19 339 0.01 0.13 150 6.9 Year Ending December 31, 2020 Low High AARNA 27 52 4 (23) 119 0.17 0.59 $ 150 31 28 52 (25) 94 0.21 0.63 150 (1) 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. 31

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