secwatch.observer — SEC 8-K summary
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Issuer:     Alignment Healthcare, Inc. (ALHC)
CIK:        0001832466
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001171843-26-001139
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alignment Healthcare beats Q4 and FY2025 guidance; FY2026 revenue guide $5.14-5.19B
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- Q4 revenue $1,012.8M (+44.4% YoY); FY2025 revenue $3,948.7M (+46.1% YoY).
- Q4 adjusted EBITDA $11.4M; FY2025 adjusted EBITDA $109.9M; net loss narrows to $1.0M.
- Health plan membership 236,300, up 25% YoY; raises 2026 midpoint membership guide by 2,000.
- Introduces FY2026 revenue guidance $5.14-5.19B (30-31% growth) and adjusted EBITDA $133-163M.
- Medical benefits ratio 87.5% for FY; beat high-end of guidance across all key metrics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832466/000117184326001139/0001171843-26-001139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832466/000117184326001139/f8k_022626.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-001139

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer