Alignment Healthcare, Inc.
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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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, 2025 · Filed Oct 30, 2025
ALHC$7.27-1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues: | ||||
| Earned premiums | $983,681 | $684,496 | $2,907,927 | $1,980,146 |
| Other | 10,014 | 7,937 | 27,988 | 22,174 |
| Total revenues | 993,695 | 692,433 | 2,935,915 | 2,002,320 |
| Expenses: | ||||
| Medical expenses | 868,022 | 613,444 | 2,570,662 | 1,791,974 |
| Selling, general, and administrative expenses | 110,015 | 90,871 | 317,643 | 269,246 |
| Depreciation and amortization | 7,977 | 7,640 | 22,574 | 20,110 |
| Total expenses | 986,014 | 711,955 | 2,910,879 | 2,081,330 |
| Income (loss) from operations | 7,681 | (19,522) | 25,036 | (79,010) |
| Other expenses: | ||||
| Interest expense | 3,950 | 6,937 | 11,850 | 18,055 |
| Other income, net | — | (22) | (89) | (72) |
| Total other expense | 3,950 | 6,915 | 11,761 | 17,983 |
| Income (loss) before income taxes | 3,731 | (26,437) | 13,275 | (96,993) |
| Provision (benefit) for income taxes | 2 | (8) | 3,247 | 14 |
| Net income (loss) | $3,729 | $(26,429) | $10,028 | $(97,007) |
| Less: Net loss attributable to noncontrolling interest | — | (16) | (254) | (63) |
| Net income (loss) attributable to Alignment Healthcare, Inc. | $3,729 | $(26,413) | $10,282 | $(96,944) |
| Net income (loss) per share attributable to Alignment Healthcare, Inc.: | ||||
| Basic | 0.02 | (0.14) | 0.05 | (0.51) |
| Diluted | 0.02 | (0.14) | 0.05 | (0.51) |
| Weighted-average common shares outstanding: | ||||
| Basic | 199,026,808 | 191,361,283 | 197,007,141 | 190,423,014 |
| Diluted | 208,927,980 | 191,361,283 | 208,439,200 | 190,423,014 |
Condensed Consolidated Statements of Stockholders' Equity
| Common Stock | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | Additional Paid-In Capital | AccumulatedDeficit | Noncontrolling Interest | Total | |
| Balance at June 30, 2025 | 197,958,237 | $198 | $1,142,509 | $(1,001,740) | $— | $140,967 |
| Net income | — | — | — | 3,729 | — | 3,729 |
| Issuance of common stock upon vesting of restricted stock units | 1,925,632 | — | — | — | — | — |
| Equity-based compensation | — | 2 | 16,225 | — | — | 16,227 |
| Stock options exercised | 104,646 | — | 948 | — | — | 948 |
| Balance at September 30, 2025 | 199,988,515 | $200 | $1,159,682 | $(998,011) | $— | $161,871 |
| 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 |
Condensed Consolidated Statements of Stockholders' Equity
| Common Stock | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | Additional Paid-In Capital | AccumulatedDeficit | Noncontrolling interest | Total | |
| Balance at December 31, 2024 | 191,778,639 | $192 | $1,107,952 | $(1,008,293) | $1,104 | $100,955 |
| Net income (loss) | — | — | — | 10,282 | (254) | 10,028 |
| Issuance of common stock upon vesting of restricted and performance stock units | 7,981,928 | — | — | — | — | — |
| Forfeitures | (277) | — | — | — | — | — |
| Equity-based compensation | — | 8 | 48,959 | — | — | 48,967 |
| Stock options exercised | 228,225 | — | 2,771 | — | — | 2,771 |
| Sale of consolidated subsidiary | — | — | — | — | (850) | (850) |
| Balance at September 30, 2025 | 199,988,515 | $200 | $1,159,682 | $(998,011) | $— | $161,871 |
| Common Stock | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | Additional Paid-In Capital | AccumulatedDeficit | Noncontrolling interest | Total | |
| Balance at December 31, 2023 | 188,951,643 | $189 | $1,037,015 | $(880,258) | $1,125 | $158,071 |
| Net loss | — | — | — | (96,944) | (63) | (97,007) |
| Issuance of common stock upon vesting of restricted and performance stock units | 2,716,762 | 2 | — | — | — | 2 |
| Forfeitures | (2,799) | — | — | — | — | — |
| Shares withheld related to net restricted stock settlement | (69,820) | — | (350) | — | — | (350) |
| Equity-based compensation | — | — | 54,896 | — | — | 54,896 |
| Repurchase of noncontrolling interest attributable to subsidiary | — | — | — | — | 15 | 15 |
| Balance at September 30, 2024 | 191,595,786 | $191 | $1,091,561 | $(977,202) | $1,077 | $115,627 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.