The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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Gravity

~$0.3-0.5B/yr — grounded in revenue/ARR scale, not gross covered-lives headlines. Spring Health standalone ARR ~$281.3M (2025 est., GetLatka) plus Alma's own ~$230M (2025 est.) now folded in post-close (2026-05-01) puts combined platform revenue-through-scale in the ~$0.3-0.5B/yr band. Both figures are third-party estimates, not audited disclosures — explicitly NOT using the '50 million lives' / '170 million lives' gross covered-lives headlines the company markets, per the recipe's instruction to reason in dependent-economy dollar terms.

low confidence · as of 2026-07-28 · about Spring Health

Sourced figures 3


the working

Threads 1

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Spring Health.