The earnings call reflected strong performance with significant growth in membership and revenue, improved profitability metrics, and increased guidance for the year. There are some concerns regarding Part D margin pressures and expected reversal of SG&A benefits, but overall, the positive aspects significantly outweigh the challenges.

Company Guidance -

Q3 2025

During Alignment Healthcare's Second Quarter 2025 Earnings Conference Call, the company exceeded the high end of its guidance metrics for the second quarter in a row. Health plan membership grew by approximately 28% year-over-year to 223,700 members, supporting a total revenue increase of 49% to $1 billion. Adjusted gross profit rose by 76% to $135 million, resulting in a consolidated Medical Benefit Ratio (MBR) of 86.7%, an improvement of 200 basis points year-over-year. The adjusted Selling, General, and Administrative (SG&A) ratio improved by 160 basis points to 8.8%. Adjusted EBITDA reached $46 million, significantly surpassing the guidance range of $10 million to $18 million and achieving an adjusted EBITDA margin of 4.5%, a 360 basis points expansion year-over-year. For the first half of 2025, the company's MBR improved by 230 basis points to 87.5%, and the adjusted EBITDA margin increased by 390 basis points to 3.4%. The first half adjusted EBITDA of $66 million exceeded the initial full-year guidance range of $35 million to $60 million. Consequently, the company raised its guidance ranges across key metrics, forecasting full-year 2025 health plan membership to be between 229,000 and 234,000 members, revenue between $3.885 billion and $3.910 billion, adjusted gross profit between $452 million and $469 million, and adjusted EBITDA between $69 million and $83 million.

Strong Membership and Revenue Growth

Health plan membership grew by approximately 28% year-over-year to 223,700 members, supporting a total revenue increase of approximately 49% year-over-year, reaching $1 billion.

Significant Improvement in Adjusted EBITDA and Margin

Adjusted EBITDA was $46 million, surpassing the high end of the guidance range and producing an adjusted EBITDA margin of 4.5%, generating 360 basis points of margin expansion year-over-year.

Improved Medical Benefit Ratio (MBR)

Consolidated MBR improved by 200 basis points to 86.7% year-over-year.

SG&A Ratio Improvement

Adjusted SG&A ratio improved by 160 basis points year-over-year to 8.8%.

Raised Full Year Guidance

Full year revenue guidance increased, now expecting approximately 44% growth year-over-year, with adjusted gross profit guidance raised by $28 million.

Positive Cash Position

Ended the second quarter with $504 million in cash, cash equivalents, and investments, expecting to be free cash flow positive in 2025.

Stars Rating Improvement and Strategic Positioning

Arizona HMO contract revised from 3.5 to 4 stars for payment year 2026, with 100% of members in a plan receiving 4 stars or above.

Alignment Healthcare (ALHC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ALHC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	-0.08 / -	-0.14	―	―	―
Jul 30, 2025	2025 (Q2)	-0.07 / 0.07	-0.13	153.85% (+0.20)	―
May 01, 2025	2025 (Q1)	-0.13 / -0.05	-0.25	80.00% (+0.20)	―
Feb 27, 2025	2024 (Q4)	-0.19 / -0.16	-0.25	36.00% (+0.09)	―
Oct 29, 2024	2024 (Q3)	-0.11 / -0.14	-0.19	26.32% (+0.05)	―
Aug 01, 2024	2024 (Q2)	-0.12 / -0.13	-0.15	13.33% (+0.02)	―
May 02, 2024	2024 (Q1)	-0.21 / -0.25	-0.2	-25.00% (-0.05)	―
Feb 27, 2024	2023 (Q4)	-0.20 / -0.25	-0.31	19.35% (+0.06)	―
Nov 02, 2023	2023 (Q3)	-0.17 / -0.19	-0.22	13.64% (+0.03)	―
Aug 03, 2023	2023 (Q2)	-0.18 / -0.15	-0.06	-150.00% (-0.09)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ALHC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$13.00	$13.78	+6.00%
May 01, 2025	$16.77	$15.53	-7.39%
Feb 27, 2025	$13.47	$15.69	+16.48%
Oct 29, 2024	$11.71	$11.73	+0.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Alignment Healthcare, Inc. (ALHC) report earnings?

Alignment Healthcare, Inc. (ALHC) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Alignment Healthcare, Inc. (ALHC) earnings time?

Alignment Healthcare, Inc. (ALHC) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ALHC EPS forecast?

ALHC EPS forecast for the fiscal quarter 2025 (Q3) is -0.08.

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