Alignment Healthcare Q2 revenue rises 49% to $1.0 billion; raises 2025 outlook
Alignment Healthcare reported second-quarter 2025 revenue of $1,015.3 million, up 49.0% year over year, and net income of $15.7 million, compared with a net loss of $24.0 million a year earlier. The company raised its full-year 2025 outlook for membership, revenue, adjusted gross profit and adjusted EBITDA.
Key points
- Q2 2025 total revenue was $1,015.3 million, up 49.0% from the prior-year quarter; net income was $15.7 million versus a $24.0 million loss in Q2 2024.
- Adjusted EBITDA was $45.9 million in Q2 2025, compared with $6.0 million a year earlier; adjusted gross profit was $135.2 million.
- Full-year 2025 revenue outlook is $3,885 million to $3,910 million, and adjusted EBITDA outlook is $69 million to $83 million.
- Third-quarter 2025 revenue outlook is $970 million to $985 million, with health plan membership of 225,000 to 227,000 at September 30, 2025.
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.