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Alignment Healthcare (ALHC)
NASDAQ:ALHC
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.25Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 35.86%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial and membership growth, with significant operational improvements and strategic positioning in star ratings. However, challenges related to managing new membership cohorts and regulatory changes were noted as potential concerns.Company Guidance
In the fourth quarter of 2024, Alignment Healthcare experienced significant growth, surpassing initial membership guidance by over 25,000 members, leading to a total health plan membership of 189,100. This marked a 59% increase in membership and contributed to a total revenue of $701 million for the quarter, reflecting a 51% year-over-year growth and 61% growth excluding ACO REACH. The company's adjusted gross profit was $88 million, with a consolidated Medical Benefit Ratio (MBR) of 87.5%, showing a 200 basis point improvement from the previous year. This contributed to an adjusted EBITDA of $1 million and a 400 basis point margin expansion year-over-year. For the full year 2024, total revenue was $2.7 billion, growing 48% year-over-year, and the adjusted gross profit was $303 million, with an MBR of 88.8%. Looking ahead, the company provided guidance for 2025, expecting health plan membership to grow to between 227,000 and 233,000, with projected revenue of $3.72 billion to $3.78 billion. Adjusted gross profit is expected to be between $415 million and $445 million, and adjusted EBITDA is forecasted to range from $35 million to $60 million. The company highlighted its robust growth outside of California, with Nevada membership exceeding 10,000 and significant growth in other ex-California markets.Impressive Membership Growth
Health plan membership grew by approximately 59% year-over-year, reaching 189,100 members by the end of 2024. This exceeded the initial guidance by more than 25,000 members and reflects a 21% growth relative to initial expectations.
Strong Financial Performance
Total revenue for Q4 2024 was $701 million, representing a 51% year-over-year growth and 61% growth excluding ACO REACH. For the full year, the total revenue was $2.7 billion, a 48% increase year-over-year.
Adjusted EBITDA Milestone
The company achieved positive adjusted EBITDA of $1 million in Q4 2024 and for the full year, marking its first year of adjusted EBITDA profitability as a public company.
Operational Efficiency
Adjusted SG&A as a percentage of revenue declined from 14.4% in 2023 to 11.1% in 2024, indicating a 330 basis point improvement due to scaled operations and elimination of one-time costs.
Strong AEP Results
The company entered 2025 with 209,900 health plan members, representing 35% growth year-over-year, with significant growth in ex-California markets.
Star Ratings Advantage
For the 2025 payment year, 95% of California members are in plans rated 4 stars or above, positioning the company well above competitors.
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ALHC Earnings History
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
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ALHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $13.47 | $15.69 | +16.48% |
| Oct 29, 2024 | $11.71 | $11.73 | +0.17% |
| Aug 01, 2024 | $8.62 | $8.94 | +3.71% |
| May 02, 2024 | $5.26 | $6.63 | +26.05% |
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.
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FAQ
When does Alignment Healthcare (ALHC) report earnings?
Alignment Healthcare (ALHC) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Alignment Healthcare (ALHC) earnings time?
Alignment Healthcare (ALHC) earnings time is at May 01, 2025, TBA Not 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 (Q1) is -0.13.
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