Alignment Healthcare Reports Fourth Quarter and Full-Year 2025 Results; Beats High-End of Guidance Across All Key Metrics

Core Insights - Alignment Healthcare, Inc. reported strong financial results for Q4 and full year 2025, highlighting significant revenue growth and improved profitability metrics [2][7][8] Financial Performance - Q4 2025 revenue reached $1,012.8 million, a 44.4% increase year-over-year, while full-year revenue totaled $3.95 billion, reflecting a 46.1% growth compared to 2024 [7][8] - Adjusted gross profit for Q4 was $124.9 million, and for the full year, it was $494.8 million, indicating a substantial increase from the previous year [8][21] - The company achieved an adjusted EBITDA of $11.4 million for Q4 and $109.9 million for the full year, showcasing operational improvements [8][21] Membership and Guidance - Health plan membership at the end of Q4 2025 was approximately 236,300, up 25.0% year-over-year [8] - The company raised its health plan membership guidance for 2026, projecting between 292,000 and 298,000 members, and revenue guidance of $5.14 billion to $5.19 billion, representing a 30%-31% growth year-over-year [6][7] Recognition and Strategic Focus - Alignment Healthcare was named to the 2026 Fortune World's Most Admired Companies™ list, underscoring its reputation in senior healthcare [2][7] - The company emphasized its commitment to disciplined growth, scalability, and long-term value creation for its members [2][7]