Alignment Healthcare, Inc. (ALHC) FY2025 10-K Annual Report
Alignment Healthcare, Inc. (ALHC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Alignment Healthcare, Inc. FY2025 10-K Analysis
Business Overview
- • Core business model: Consumer-centric Medicare Advantage plans focused on coordinated, proactive care for seniors using integrated clinical and technology platform
- • Emphasized this year: Expanded "Care Anywhere" in-house clinician-driven care model providing free, personalized at-home and virtual chronic condition management
Management Discussion & Analysis
- • Revenue $3.949B, up 46.1% YoY; earned premiums $3.912B, +46.4% driven by 25% membership growth to 236,300 and higher PMPM rates
- • Operating income $14.8M vs loss $101.6M; operating margin 0.4% vs (3.7)% in prior year
Risk Factors
- • Regulatory risk: potential loss/suspension of CMS Medicare Advantage contracts affecting revenue source
- • Macroeconomic threat: geographic concentration in few U.S. states limits expansion, increasing exposure to regional market downturns
Alignment Healthcare, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$3.9B
▲ +46.1% YoY
Net Income
-$724,000
▲ +99.4% YoY
Operating Margin
0.4%
▲ +413bp YoY
Net Margin
-0.0%
▲ +472bp YoY
ROE
-0.4%
▲ +12782bp YoY
Total Assets
$1.1B
▲ +36.3% YoY
EPS (Diluted)
$0.00
▲ +100.0% YoY
Operating Cash Flow
$140M
▲ +302.4% YoY
Source: XBRL data from Alignment Healthcare, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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