Alignment Healthcare, Inc.
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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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.
Mar 31, 2026 · Filed Apr 30, 2026
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 March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenues: | ||
| Earned premiums | $1,226,566 | $918,043 |
| Other | 8,631 | 8,889 |
| Total revenues | 1,235,197 | 926,932 |
| Expenses: | ||
| Medical expenses | 1,090,717 | 820,900 |
| Selling, general, and administrative expenses | 121,138 | 103,831 |
| Depreciation and amortization | 7,839 | 7,594 |
| Total expenses | 1,219,694 | 932,325 |
| Income (loss) from operations | 15,503 | (5,393) |
| Other expenses: | ||
| Interest expense | 4,062 | 3,950 |
| Other expenses (income), net | — | (10) |
| Total other expense | 4,062 | 3,940 |
| Income (loss) before income taxes | 11,441 | (9,333) |
| Provision for income taxes | 25 | 21 |
| Net income (loss) | $11,416 | $(9,354) |
| Less: Net loss attributable to noncontrolling interest | — | 240 |
| Net income (loss) attributable to Alignment Healthcare, Inc. | $11,416 | $(9,114) |
| Net income (loss) per share attributable to Alignment Healthcare, Inc.: | ||
| Basic | 0.06 | (0.05) |
| Diluted | 0.05 | (0.05) |
| Weighted-average common shares outstanding: | ||
| Basic | 205,356,397 | 193,606,438 |
| Diluted | 213,128,231 | 193,606,438 |
Condensed Consolidated Statements of Stockholders' Equity
(amounts in thousands, except par value and share amounts)
| Common Stock | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | Additional Paid-In Capital | AccumulatedDeficit | Noncontrolling interest | Total | |
| Balance at December 31, 2025 | 204,153,619 | $205 | $1,188,089 | $(1,009,017) | $— | $179,277 |
| Net income | — | — | — | 11,416 | — | 11,416 |
| Issuance of common stock upon vesting of restricted stock units | 2,380,362 | — | — | — | — | — |
| Equity-based compensation | — | 2 | 14,017 | — | — | 14,019 |
| Stock options exercised | 137,087 | — | 2,173 | — | — | 2,173 |
| Balance at March 31, 2026 | 206,671,068 | $207 | $1,204,279 | $(997,601) | $— | $206,885 |
| 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 loss | — | — | — | (9,114) | (240) | (9,354) |
| Issuance of common stock upon vesting of restricted stock units | 5,864,819 | — | — | — | — | — |
| Forfeitures | (277) | — | — | — | — | — |
| Equity-based compensation | — | 6 | 17,181 | — | — | 17,187 |
| Stock options exercised | 24,472 | — | 207 | — | — | 207 |
| Balance at March 31, 2025 | 197,667,653 | $198 | $1,125,340 | $(1,017,407) | $864 | $108,995 |
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