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Mar 31, 2021
Alignment Healthcare Q1 2021 Earnings Report
Alignment Healthcare reported financial results, exceeding expectations across key performance metrics and completing its initial public offering.
Key Takeaways
Alignment Healthcare reported a 19% increase in total revenue year over year, reaching $267.1 million. Health plan membership grew by 32% to approximately 83,100. The company's adjusted gross profit was $22.6 million, while adjusted EBITDA was $(14.0) million.
Health plan membership increased by 32% year over year, reaching approximately 83,100 members.
Total revenue grew by 19% year over year to $267.1 million.
Health plan premium revenue was $264.7 million, representing a 30% increase year over year.
Adjusted gross profit amounted to $22.6 million.
Revenue by Segment
Forward Guidance
Alignment Healthcare provided outlook for the second quarter and full fiscal year 2021.
Positive Outlook
- Health Plan Membership (Q2 2021): Low 83,300, High 83,700
- Health Plan Membership (FY 2021): Low 83,500, High 84,500
- Revenue (Q2 2021): Low $265 million, High $270 million
- Revenue (FY 2021): Low $1,040 million, High $1,055 million
- Adjusted Gross Profit (Q2 2021): Low $32 million, High $34 million
Challenges Ahead
- Adjusted Gross Profit (FY 2021): Low $116 million, High $122 million
- Adjusted EBITDA (Q2 2021): Low ($9) million, High ($10) million
- Adjusted EBITDA (FY 2021): Low ($56) million, High ($51) million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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