earnings
confidence high
sentiment positive
materiality 0.85
Alignment Healthcare Q3 revenue up 51.6% YoY to $692.4M; raises membership and revenue guidance
Alignment Healthcare, Inc.
2024-Q3 EPS reported
-$0.51
revenue$2,002,320,000
- Revenue $692.4M, up 51.6% YoY; health plan membership ~182,300, up 57.7% YoY.
- Adjusted gross profit $80.5M; adjusted EBITDA $5.9M vs -$8.4M in Q3 2023.
- Raises FY2024 revenue guidance to $2.665B-$2.68B; membership to 184,000-186,000.
- 98% of Medicare Advantage members in plans rated 4-stars or higher for 2025; one of 7 contracts with 5-star CMS rating.