Alignment Healthcare Q3 revenue rises 43.5% to $993.7 million; raises full-year outlook
Alignment Healthcare reported third-quarter 2025 revenue of $993.7 million, up 43.5% year over year, and net income of $3.7 million, compared with a net loss of $26.4 million a year earlier. The company raised its full-year 2025 outlook for membership, revenue, adjusted gross profit and adjusted EBITDA, which points to stronger expected results for shareholders, though its fourth-quarter adjusted EBITDA is guided to a loss.
Key points
- Q3 2025 revenue was $993.7 million, up 43.5% year over year; health plan membership was about 229,600, up 25.9%.
- Q3 2025 net income was $3.7 million, versus a net loss of $26.4 million in Q3 2024; adjusted EBITDA was $32.4 million, versus $5.9 million.
- Full-year 2025 revenue guidance is $3,931 million to $3,946 million, and full-year adjusted EBITDA guidance is $90 million to $98 million.
- Fourth-quarter 2025 adjusted EBITDA is guided to a loss of $9 million to $1 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:58 AM ET, from the text of the filing and its press-release exhibits 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 October 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.