Alignment Healthcare Inc
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 29, 2024
ALHC$7.27-1.0%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
(amounts in thousands, except share and per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Earned premiums | $684,496 | $450,235 | $1,980,146 | $1,341,924 |
| Other | 7,937 | 6,474 | 22,174 | 16,319 |
| Total revenues | 692,433 | 456,709 | 2,002,320 | 1,358,243 |
| Expenses: | ||||
| Medical expenses | 613,444 | 397,879 | 1,791,974 | 1,204,838 |
| Selling, general, and administrative expenses | 90,871 | 83,089 | 269,246 | 223,696 |
| Depreciation and amortization | 7,640 | 5,497 | 20,110 | 15,613 |
| Total expenses | 711,955 | 486,465 | 2,081,330 | 1,444,147 |
| Loss from operations | (19,522) | (29,756) | (79,010) | (85,904) |
| Other expenses: | ||||
| Interest expense | 6,937 | 5,466 | 18,055 | 15,747 |
| Other income, net | (22) | (145) | (72) | (711) |
| Total other expenses | 6,915 | 5,321 | 17,983 | 15,036 |
| Loss before income taxes | (26,437) | (35,077) | (96,993) | (100,940) |
| Provision (benefit) for income taxes | (8) | — | 14 | 2 |
| Net loss | $(26,429) | $(35,077) | $(97,007) | $(100,942) |
| Less: Net loss attributable to noncontrolling interest | 16 | 30 | 63 | 134 |
| Net loss attributable to Alignment Healthcare, Inc. | $(26,413) | $(35,047) | $(96,944) | $(100,808) |
| Total weighted-average common shares outstanding - basic and diluted | 191,361,283 | 187,328,318 | 190,423,014 | 185,493,345 |
| Net loss per share - basic and diluted | $(0.14) | $(0.19) | $(0.51) | $(0.54) |
Condensed Consolidated Statements of Stockholders' Equity
| Common Stock | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | Additional Paid-In Capital | AccumulatedDeficit | Noncontrolling Interest | Total | |
| Balance at June 30, 2024 | 191,236,747 | $191 | $1,074,303 | $(950,789) | $1,093 | $124,798 |
| Net loss | — | — | — | (26,413) | (16) | (26,429) |
| Issuance of common stock upon vesting of restricted stock units | 359,039 | — | — | — | — | — |
| Equity-based compensation | — | — | 17,258 | — | — | 17,258 |
| Balance at September 30, 2024 | 191,595,786 | $191 | $1,091,561 | $(977,202) | $1,077 | $115,627 |
| Common Stock | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | Additional Paid-In Capital | AccumulatedDeficit | Noncontrolling interest | Total | |
| Balance at June 30, 2023 | 188,512,765 | $188 | $1,007,794 | $(798,002) | $1,132 | $211,112 |
| Net loss | — | — | — | (35,047) | (30) | (35,077) |
| Issuance of common stock upon vesting of restricted stock units | 419,130 | 1 | — | — | — | 1 |
| Forfeitures | (20,375) | — | — | — | — | — |
| Equity-based compensation | — | — | 13,569 | — | — | 13,569 |
| Balance at September 30, 2023 | 188,911,520 | $189 | $1,021,363 | $(833,049) | $1,102 | $189,605 |
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