---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-002689"
form_type: "8-K"
ticker: "ALHC"
cik: "0001832466"
company_name: "Alignment Healthcare, Inc."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T01:02:39.879410+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alignment Healthcare Q1 revenue up 47.5% to $926.9M; raises 2025 guidance; CFO transition

## Summary
- Q1 revenue $926.9M (+47.5% YoY); MA membership ~217,500 (+31.7% YoY).
- Adjusted EBITDA $20.2M; net loss $(9.4)M; medical benefits ratio 88.4% on adjusted gross profit.
- Exceeded high-end of Q1 guidance on membership, revenue, adjusted gross profit and adjusted EBITDA.
- Raises midpoint of 2025 full-year outlook for membership, revenue, adjusted gross profit and adjusted EBITDA.
- CFO Thomas Freeman becomes Strategic Advisor to CEO; Jim Head appointed CFO.

## SEC filing metadata
- accession: 0001171843-25-002689
- form_type: 8-K
- ticker: ALHC
- cik: 0001832466
- company_name: Alignment Healthcare, Inc.
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832466/000117184325002689/0001171843-25-002689-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832466/000117184325002689/f8k_050125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-002689
- JSON: https://secwatch.observer/filing/0001171843-25-002689.json
- Plain text: https://secwatch.observer/filing/0001171843-25-002689.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.