Alignment Healthcare — Third Quarter 2026 Earnings Summary

Alignment Healthcare reported third-quarter 2026 revenue of $1.36 billion, reflecting a 36.7% year-over-year increase, while health plan membership grew 31.2% to 301,200 members. The company recorded an adjusted gross profit of $142.2 million and an adjusted EBITDA of $21.8 million, though it lowered its full-year adjusted gross profit and adjusted EBITDA guidance due to higher-than-expected medical costs. Despite the revenue and membership growth, the company reported a net loss of $8.1 million for the quarter compared to a net income of $3.7 million in the prior year period. Management cited elevated costs from appeals, disputes, and specific care categories as the primary drivers for the revised financial outlook.