Alignment Healthcare Inc

Latest Results (08.01.2025):

Revenue Growth

In the third quarter of 2024, Alignment Healthcare Inc. reported a significant increase in total revenue, reaching $692.4 million. This marks a 51.6% growth compared to the same period in the previous year, showcasing the company's strong financial performance and expansion in the Medicare Advantage market.

Membership Expansion

Alignment Healthcare Inc. experienced a substantial rise in Medicare Advantage membership during the third quarter of 2024. The membership count increased by 57.7% year-over-year, totaling approximately 182,300 members. This growth exceeded both the third-quarter and year-end expectations, highlighting the company's successful member acquisition strategies.

Profitability Metrics

For the third quarter of 2024, Alignment Healthcare Inc. reported an adjusted gross profit of $80.5 million. Despite this positive figure, the company faced a loss from operations amounting to $(19.5) million. The adjusted gross profit excludes certain expenses such as depreciation, amortization, and equity-based compensation.

Adjusted EBITDA and Net Loss

Alignment Healthcare Inc. achieved an adjusted EBITDA of $5.9 million in the third quarter of 2024. However, the company reported a net loss of $(26.4) million for the same period. These figures reflect the company's ongoing investments and operational adjustments to support its growth trajectory.

Future Outlook

Looking ahead, Alignment Healthcare Inc. has raised its year-end health plan membership and revenue guidance for 2024. The company has also narrowed its full-year adjusted gross profit and adjusted EBITDA guidance, indicating a focused approach to achieving its financial targets while continuing to expand its Medicare Advantage offerings.