Recent Updates — ALHC
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.
The Centers for Medicare & Medicaid Services released its 2027 Star Ratings, assigning Alignment Healthcare’s primary California HMO contract (H3815) a 3.5-Star rating, down from 4.0 Stars in the prior year. This plan serves approximately 75% of the company's membership. The decline is attributed to higher industry cut points and declines in specific Health Outcomes Survey and Part D measures. While the ratings will not affect fiscal years 2026 or 2027 revenue, they will impact quality bonus payments for fiscal year 2028. Alignment intends to pursue administrative appeals and litigation regarding CMS calculations. The company operates in the Medicare Advantage health insurance industry.
Alignment Healthcare, Inc. reported financial results for the second quarter ended June 30, 2026, surpassing guidance across all key metrics. Total revenue reached $1.3 billion, a 31.6% year-over-year increase, while health plan membership grew 31.5% to approximately 294,100 members. Adjusted gross profit rose 35.3% to $182.9 million, and adjusted EBITDA increased 48.4% to $68.1 million. Net income was $36.6 million compared to $15.7 million in the prior year period. The company raised its full-year guidance for membership, revenue, adjusted gross profit, and adjusted EBITDA. Alignment Healthcare operates in the healthcare industry, providing Medicare Advantage plans and senior care services.
Alignment Healthcare, Inc. held its regular annual meeting of stockholders on June 4, 2026, where stockholders-represented by 194,112,992 shares, voted to elect Class II directors Jody Bilney, David Hodgson, and Jacqueline Kosecoff for three-year terms. The meeting also ratified theability to use Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, and approved the executive compensation of the named executive officers on an advisory basis. Alignment Healthcare, Inc. provides healthcare services and insurance solutions for seniors.