Loading...
•
Dec 31, 2025
Alignment Healthcare Q4 2025 Earnings Report
Alignment Healthcare reported fourth quarter 2025 revenue of 1012804000 and net loss attributable to Alignment Healthcare, Inc. of 11006000 while delivering positive adjusted EBITDA.
Key Takeaways
Alignment Healthcare delivered strong Q4 2025 growth with revenue increasing 44.4% year-over-year to 1012804000 and health plan membership rising 25.0%. The company reported a net loss of 11006000 but generated adjusted EBITDA of 11414000 and achieved an 87.7% medical benefits ratio.
Total revenue increased 44.4% year-over-year to 1012804000
Health plan membership grew 25.0% year-over-year to 236300
Adjusted gross profit was 124927000 with an 87.7% medical benefits ratio
Adjusted EBITDA was 11414000 compared to 1363000 in Q4 2024
Revenue by Segment
Forward Guidance
For full year 2026, Alignment Healthcare introduced revenue guidance of 5135000000 to 5190000000 and adjusted EBITDA guidance of 133000000 to 163000000, alongside increased health plan membership expectations.
Positive Outlook
- 2026 revenue guidance of 5135000000 to 5190000000 representing 30%-31% growth
- 2026 adjusted EBITDA guidance of 133000000 to 163000000
- 2026 health plan membership guidance of 292000 to 298000
- Raised membership guidance by 2000 at the midpoint
- Continued focus on disciplined growth and scalability
Challenges Ahead
- Continued net losses on a GAAP basis
- Exposure to Medicare Advantage funding changes
- Reliance on maintaining strong medical benefits ratio
- Subject to regulatory and reimbursement risks
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...