Alignment Healthcare(ALHC) Newsfilter·2025-02-27 21:01Core Insights - Alignment Healthcare, Inc. reported strong financial results for Q4 and full year 2024, highlighting a significant growth in health plan membership and revenue [1][6][7] - The company emphasizes its strategy of providing more care to improve outcomes and manage medical expenses, which has led to positive momentum entering 2025 [2][6] Financial Highlights Fourth Quarter 2024 - Health plan membership reached approximately 189,100, a 58.6% increase year-over-year [6][7] - Total revenue for Q4 was $701.2 million, up 50.7% year-over-year, with revenue excluding ACO REACH at $700.7 million, reflecting a 61.4% increase [6][7] - Adjusted gross profit was $87.9 million, with a loss from operations of $(22.5) million [7][8] - Adjusted EBITDA for Q4 was $1.4 million, with a net loss of $(31.1) million [7][8] Full Year 2024 - Total revenue for the year was $2,703.6 million, a 48.3% increase year-over-year, with revenue excluding ACO REACH at $2,702.6 million, up 59.0% [6][7] - Adjusted gross profit for the year was $302.6 million, with a loss from operations of $(101.6) million [7][8] - The company achieved its first full year of positive adjusted EBITDA as a public company [6] Guidance for 2025 - The midpoint of 2025 health plan membership guidance was raised by 2,000, reflecting strong open enrollment momentum [6] - Revenue guidance for 2025 is projected between $3.72 billion and $3.78 billion, indicating a year-over-year growth of 37.6%-39.6% [6] - Adjusted EBITDA for 2025 is expected to be between $35 million and $60 million [6] Operational Metrics - The medical benefits ratio based on adjusted gross profit was 87.5% for Q4 and 88.8% for the full year [7][8] - The company reported a significant increase in cash and cash equivalents, totaling $432.9 million as of December 31, 2024, compared to $202.9 million in 2023 [16][21]