Inovalon Results Presentation Deck

Full Year 2019 Financial Guidance The Company is updating its full-year 2019 guidance to narrow its expected revenue range, raise its expected net income range, raise its diluted net income per share range, raise its Adjusted EBITDA range, raise its non-GAAP net income range, and raise its non-GAAP diluted net income per share range. Additionally, the Company is reiterating its previously provided full-year 2019 guidance originally provided ranges on May 1, 2019 for net cash provided by operating activities and capital expenditures. Financial Metric Revenue¹ Net Income² Non-GAAP net income² Adjusted EBITDA Net Cash Provided By Operating Activities Capital Expenditure Diluted Net Income Per Share² Non-GAAP diluted net income per share² Previous 2019 Financial Guidance Originally Provided May 1, 2019 $637 million to $657 million $2 million to $6 million $63 million to $71 million $200 million to $210 million $130 million to $145 million $52 million to $58 million $0.01 to $0.04 $0.42 to $0.48 (1) Organic revenue growth expected to be 13% to 15%. 121 The Company is assuming 149 million weighted average diluted shares and an effective tax rate of approximately 28% for the full year 2019. INOV Q2 2019 Earnings Supplement (7.31.19) v1.0.0 Updated 2019 Financial Guidance Updated July 31, 2019 $638 million to $648 million $4 million to $9 million $67 million to $73 million $205 million to $214 million $130 million to $145 million $52 million to $58 million $0.03 to $0.05 $0.45 to $0.49 03-9762 YoY Change 21% to 23% 70% to 86% 35% to 41% 44% to 60% 67% to 81% 20

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