Inovalon Results Presentation Deck

Reconciliation of Net Income to Adjusted EBITDA Reconciliation of Net Income to Adjusted EBITDA: Net income Depreciation and amortization.. Realized losses on short-term investments Interest expense Interest (income).. Provision for income taxes. EBITDA Stock-based compensation. Acquisition costs: Transaction costs. Contingent consideration.. Tax on equity exercises. Other non-comparable items(a) Professional service fees(b). Adjusted EBITDA.. INOV Q4 & FY 2015 Supplement (2.25.16) v1.0.0 25 2015 Year Ended December 31, 2014 2013 (in thousands) 1,483 2,938 697 2012 1,336 inovalon $65,352 $32,718 $55,155 $24,927 19,880 15,517 12,899 11,229 $66,063 22,633 328 4,420 (3,003) 79 (9) (10) 48,648 43.379 19,657 35,962 15,991 $139,089 $129,941 $67,962 $104,134 $52,199 7,415 2,894 1,842 2,560 3,767 2011 129 1,411 1,560 1,565 478 813 $151,622 $133,648 $71,847 $108,105 $57,526 © 2016 by Inovalon. All rights reserved.

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