Here are the 10-K annual reports from Alignment Healthcare, Inc. (ALHC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow ALHC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALHC filings page.
Alignment Healthcare, Inc. presents its 2025 annual overview as a fast‑growing Medicare Advantage platform focused on senior care. Health Plan Membership reached 236,300 as of December 31, 2025, up from about 13,000 at inception, supported by AVA, its proprietary data and care-management technology.
The company reported a net loss of $1.0 million for 2025 versus $128.1 million in 2024, with an accumulated deficit of $1,009.0 million. Revenue and Health Plan Membership posted five‑year compound annual growth rates of 36% and 29%, respectively, and the business now spans 45 markets across five states.
Alignment highlights a highly regulated Medicare Advantage model, extensive use of in‑house clinical teams, and significant compliance obligations under CMS, HIPAA, state privacy laws and insurance regulations. It also discloses numerous risks, including sustained net losses, reimbursement dependence on CMS, cybersecurity threats, regulatory changes and intense industry competition.