Quarterly ResultApr 30, 2026, 04:03 PM
ALHC Q1 Revenue $1.24B, +33.3%; Raises FY26 Guidance
AI Summary
Alignment Healthcare reported strong Q1 2026 financial results, with total revenue increasing 33.3% year-over-year to $1.24 billion and Medicare Advantage membership growing 30.9% to approximately 284,800 members. The company also significantly improved profitability, achieving $11.4 million in net income compared to a net loss in the prior year. Following this performance, ALHC raised the midpoint of its full-year 2026 guidance for membership, revenue, adjusted gross profit, and adjusted EBITDA.
Key Highlights
- Q1 2026 Total Revenue: $1.24 billion, up 33.3% year-over-year.
- Q1 2026 Medicare Advantage membership: ~284,800, up 30.9% year-over-year.
- Q1 2026 Adjusted Gross Profit: $145.9 million, up 36.1% year-over-year.
- Q1 2026 Adjusted EBITDA: $37.9 million, up 87.6% year-over-year.
- Q1 2026 Net Income: $11.4 million, compared to $9.4 million net loss prior year.
- Raised FY26 Revenue Guidance: $5.16 billion to $5.205 billion.
- Raised FY26 Adjusted EBITDA Guidance: $138 million to $163 million.