NASDAQ$ALHC
Alignment Healthcare Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Alignment Healthcare Inc reported strong Q2 2025 results with significant membership growth and improved profitability.
Alignment Healthcare achieved total revenues of $1.015 billion in Q2 2025, up 49% year-over-year, driven by 28% growth in health plan membership to 223,700. The company delivered net income of $15.7 million and adjusted EBITDA of $45.9 million, reflecting operational leverage and a lower medical benefits ratio of 86.7%.
- Health plan membership grew 28% to 223,700 members, expanding market presence across five states.
- Medical benefits ratio improved to 86.7% from 88.7% in the prior year, demonstrating effective cost management.
- Net income turned positive to $15.7 million compared to a $24.0 million loss in Q2 2024.
- Adjusted gross profit increased 76% to $135.2 million, highlighting enhanced operational efficiency.
Headline financials
Revenue & EPS history
Alignment Healthcare · Revenue · Quarterly
$1.02B
Revenue by segment
Alignment Healthcare · $1.02B total across 2 segments · Q2 2025
- Earned premiums$1.01B—99.1%
- Other revenue$9.09M—0.9%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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