Alignment Healthcare reported third-quarter revenue of $1.36 billion, up 36.7% year-over-year, driven by a 31.2% increase in health plan membership to 301,200 members. Adjusted gross profit rose 11.6% to $142.2 million, while adjusted EBITDA declined 32.8% to $21.8 million due to higher-than-expected medical costs and elevated appeals. The company raised its full-year revenue and membership guidance but lowered full-year adjusted gross profit and adjusted EBITDA forecasts to reflect current headwinds. Alignment Healthcare operates in the Medicare Advantage health insurance sector, providing coordinated care services for senior members.
