Alignment Healthcare Q2 revenue up 47% to $681M; raises year-end guidance

Alignment Healthcare, Inc.

2024-Q2 EPS reported -$0.37 revenue$1,309,887,000

Q2 revenue $681.3M (+47.3% YoY); health plan membership 175,100 (+56.1% YoY).
Adjusted gross profit $76.8M (up from $53.6M); adjusted EBITDA positive $6.0M vs -$2.1M.
Net loss narrowed to $24.0M from $28.5M; medical benefits ratio 88.7%.
Raises FY 2024 membership guidance to 178k-180k; revenue guidance to $2.61-2.64B.
Maintains FY 2024 adjusted gross profit guidance $280-310M and adjusted EBITDA $(12)-$12M.

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