NASDAQ$ALHC

Alignment Healthcare Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Alignment Healthcare reported financial results, exceeding expectations across key performance metrics and completing its initial public offering.

Alignment Healthcare reported a 19% increase in total revenue year over year, reaching $267.1 million. Health plan membership grew by 32% to approximately 83,100. The company's adjusted gross profit was $22.6 million, while adjusted EBITDA was $(14.0) million.

  • Health plan membership increased by 32% year over year, reaching approximately 83,100 members.
  • Total revenue grew by 19% year over year to $267.1 million.
  • Health plan premium revenue was $264.7 million, representing a 30% increase year over year.
  • Adjusted gross profit amounted to $22.6 million.

Headline financials

Total Revenue

$267M

Previous: $225M+18.9%
EPS (adj)

-$0.37

Previous: -$0.07-458.8%
Health plan membership

83.1K

Previous: 83.1K+0.0%
Medical benefits ratio

91.5%

Previous: 86.0%+6.4%
Adjusted gross profit

$22.6M

No prior period
Adjusted EBITDA

-$14M

No prior period
Free Cash Flow

-$56.9M

No prior period
Net Income

-$56.9M

Previous: -$10.1M-464.7%
Operating Income

-$52.7M

Previous: -$5.12M-929.6%
Gross Profit

$267M

Previous: $31.2M+755.0%
Cash & Equivalents

$528M

No prior period
Total Assets

$679M

No prior period

Revenue & EPS history

Alignment Healthcare · Revenue · Quarterly

$267M

Q1 2021+18.9%vs Q1 2020
Beat estimate in 12 of 12 quarters(100%)
ActualEstimate

Revenue by segment

Alignment Healthcare · $265M total across 2 segments · Q1 2021

  • Earned premiums
    $265M+18.0%
  • Other revenue
    $82K

Forward guidance

Alignment Healthcare provided outlook for the second quarter and full fiscal year 2021.

Tailwinds

  • Health Plan Membership (Q2 2021): Low 83,300, High 83,700
  • Health Plan Membership (FY 2021): Low 83,500, High 84,500
  • Revenue (Q2 2021): Low $265 million, High $270 million
  • Revenue (FY 2021): Low $1,040 million, High $1,055 million
  • Adjusted Gross Profit (Q2 2021): Low $32 million, High $34 million

Headwinds

  • Adjusted Gross Profit (FY 2021): Low $116 million, High $122 million
  • Adjusted EBITDA (Q2 2021): Low ($9) million, High ($10) million
  • Adjusted EBITDA (FY 2021): Low ($56) million, High ($51) million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.8%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+2.6%

Avg return

30 days after

57%

12 / 21 earnings

Positive

+27.0%

Q1 2024

Best reaction

-16.4%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.8%-15.7%-29.5%
Q4 2025-5.8%-7.5%-18.6%
Q3 2025-1.9%-0.4%+12.2%
Q1 2025-7.7%-7.5%-8.3%
Q4 2024+16.5%+17.4%+35.9%
Q3 2024+1.6%+12.2%+11.2%
Q2 2024+2.3%+4.9%+3.1%
Q1 2024+27.0%+31.6%+51.0%
Q4 2023-8.9%-9.2%-20.1%
Q3 2023-9.6%-7.2%+10.5%
Q2 2023+7.5%+10.5%-4.2%
Q1 2023+3.5%+11.3%-5.1%
Q4 2022-16.4%-20.9%-35.2%
Q3 2022-3.1%-3.3%-2.7%
Q2 2022+10.4%+4.3%-8.7%
Q1 2022-7.0%-18.8%+6.8%
Q4 2021+10.7%+8.0%+39.7%
Q3 2021+10.6%+6.1%-26.7%
Q2 2021-8.5%-4.8%-11.2%
Q1 2021+6.8%+13.3%+27.6%
Q4 2020+6.8%+13.3%+27.6%
Q3 2020
Q2 2020
Q1 2020

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro