NASDAQ$ALHC

Alignment Healthcare Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Alignment Healthcare's financial performance for the second quarter of 2023 exceeded expectations across all four key performance indicators.

Alignment Healthcare reported its Q2 2023 financial results, surpassing guidance in membership, revenue, adjusted gross profit, and adjusted EBITDA, demonstrating the company's commitment to prioritizing its members and advancing its mission of transforming healthcare.

  • Alignment Healthcare beat guidance across all four key metrics.
  • The company is focused on changing health care one person at a time.
  • Alignment Health offers more than 40 benefits-rich, value-driven plans that serve 52 counties across six states.
  • Alignment Health partners with nationally recognized and trusted local providers to deliver coordinated care.

Headline financials

Total Revenue

$462M

Previous: $366M+26.2%
EPS (adj)

-$0.15

Previous: -$0.06-150.0%
Capital Expenditures

$8.56M

No prior period
Free Cash Flow

-$28.5M

Previous: -$11.6M-145.9%
Net Income

-$28.5M

Previous: -$11.6M-145.9%
Operating Income

-$23.7M

Previous: -$6.65M-255.9%
Gross Profit

$462M

Previous: $366M+26.2%
Cash & Equivalents

$395M

Previous: $453M-12.8%
Total Assets

$784M

Previous: $667M+17.5%
Stock-Based Comp

$15.6M

Previous: $12.1M+29.2%

Revenue & EPS history

Alignment Healthcare · Revenue · Quarterly

$462M

Q2 2023+26.2%vs Q2 2022
Beat estimate in 15 of 15 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

The company provided financial outlook for the quarter ending September 30, 2023, and the year ending December 31, 2023.

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 Q2 2023

Historical avgQ2 2023

+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

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