Summary of Significant Accounting Policies (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Accounting Policies [Abstract] |
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| Schedule of Significant Segment Expenses |
In addition to net income (loss), the CODM is also provided information on certain significant segment expenses which are presented below: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Revenues: | $ | 1,015,288 | | | $ | 681,286 | | | $ | 1,942,220 | | | $ | 1,309,887 | | | Expenses: | | | | | | | | | Medical expenses (less depreciation and equity-based compensation) | 880,113 | | | 604,504 | | | 1,699,828 | | | 1,176,537 | | | Selling, general, and administrative expenses (less equity-based compensation) | 89,838 | | | 71,841 | | | 177,634 | | | 142,632 | | Other segment expenses (1) | 25,734 | | | 23,253 | | | 50,559 | | | 50,178 | | | Interest expense | 3,950 | | | 5,691 | | | 7,900 | | | 11,118 | | | Net income (loss) | $ | 15,653 | | | $ | (24,003) | | | $ | 6,299 | | | $ | (70,578) | |
(1) Other segment items included in segment net income (loss) includes equity-based compensation, depreciation and amortization, other expenses (income), and provision for income taxes.
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| Schedule of Earned Revenue |
Earned premium revenue consisted of premium revenue and capitation revenue for the three and six months ended June 30, 2025 and 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Premium | $ | 1,004,580 | | | $ | 673,532 | | | $ | 1,921,202 | | | $ | 1,293,254 | | | Capitation | 1,623 | | | 562 | | | 3,044 | | | 2,396 | | | Total | $ | 1,006,203 | | | $ | 674,094 | | | $ | 1,924,246 | | | $ | 1,295,650 | |
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| Schedule of Property and Equipment |
Depreciation expense is computed using the straight-line method generally based on the following estimated useful lives: | | | | | | | Description | Estimated Service Lives (years) | | Computer and equipment | 5 | | Office equipment and furniture | 5-7 | | Software | 3-5 | | Leasehold improvements | 15 (or lease term, if shorter) |
Property and equipment consisted of the following as of June 30, 2025 and December 31, 2024: | | | | | | | | | | | | | June 30,
2025 | | December 31,
2024 | | Computers and equipment | $ | 13,146 | | | $ | 12,569 | | | Office equipment and furniture | 4,338 | | | 4,341 | | | Software | 187,795 | | | 179,336 | | | Leasehold improvements | 6,224 | | | 6,231 | | | Construction in progress | 21,374 | | | 14,049 | | | Subtotal | 232,877 | | | 216,526 | | | Less accumulated depreciation | (163,354) | | | (149,387) | | | Property and equipment-net | $ | 69,523 | | | $ | 67,139 | |
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| Schedule of Computation of Basic and Diluted Net Loss Per Share |
The following table sets forth the computation of basic and diluted net income or loss per share for the three and six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | Numerator: | | | | | | | | | Net income (loss) | $ | 15,653 | | | $ | (24,003) | | | $ | 6,299 | | | $ | (70,578) | | | Less: Net income (loss) attributable to noncontrolling interests | (14) | | | 7 | | | (254) | | | (47) | | | Net income (loss) attributable to Alignment Healthcare, Inc. | $ | 15,667 | | | $ | (24,010) | | | $ | 6,553 | | | $ | (70,531) | | | Denominator: | | | | | | | | | Total weighted-average common shares outstanding | 198,328,613 | | 191,431,917 | | 196,003,736 | | 190,514,927 | | Less: Restricted shares of common stock | — | | | (540,130) | | (23,167) | | (566,202) | | Total weighted-average common shares outstanding, net of restricted shares of common stock - basic | 198,328,613 | | 190,891,787 | | 195,980,569 | | 189,948,725 | | | | | | | | | | Dilutive effect of: | | | | | | | | | Stock options | 405,903 | | | — | | | 202,952 | | | — | | | RSUs | 8,111,256 | | | — | | | 4,055,628 | | | — | | | PSUs | 2,673,857 | | | — | | | 1,336,929 | | | — | | | | | | | | | | | Shares used to compute diluted income (loss) per common share | 209,519,629 | | | 190,891,787 | | | 201,576,078 | | | 189,948,725 | | | | | | | | | | | Net income (loss) per share: | | | | | | | | | Basic income (loss) per share | $ | 0.08 | | | $ | (0.13) | | | $ | 0.03 | | | $ | (0.37) | | | Diluted income (loss) per share | $ | 0.07 | | | $ | (0.13) | | | $ | 0.03 | | | $ | (0.37) | |
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