Alignment Healthcare 2026年季度报告

(Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ALIGNMENT HEALTHCARE, INC. (Exact Name of Registrant as Specified in its Charter) Registrant’s telephone number, including area code: (844) 310-2247 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subjectto such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo As of July27, 2026, the registrant had 207,435,149shares of common stock, $0.001 par value per share, outstanding. Item 1.Financial Statements (Unaudited):3Condensed Consolidated Balance Sheets3Condensed Consolidated Statements of Operations4Condensed Consolidated Statements of Stockholders' Equity5Condensed Consolidated Statements of Cash Flows7Notes to Unaudited Condensed Consolidated Financial Statements9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations26Item 3.Quantitative and Qualitative Disclosures About Market Risk38Item 4.Controls and Procedures38 PART II.Other Information Item 1.Legal Proceedings39Item 1A.Risk Factors39Item 2.Unregistered Sales of Equity Securities and Use of Proceeds39Item 3.Defaults Upon Senior Securities39Item 4.Mine Safety Disclosures39Item 5.Other Information39Item 6.Exhibits40Signatures41 FORWARD-LOOKING STATEMENTS Throughout this quarterly report on Form 10-Q (this “Quarterly Report”), we make “forward-looking statements” within the meaningof the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in thisQuarterly Report are forward-looking statements. Forward-looking statements give our current expectations relating to our financialcondition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements bythe fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,”“estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “will,” “should,” “can have,” “likely” and other words and termsof similar meaning. The forward-looking statements contained in this Quarterly Report are generally located in the material set forthunder the heading“Management’s Discussion and Analysis of Financial Condition and Results of Operations”but may be found inother locations as well. These statements are based upon management’s current expectations, assumptions and estimates and are notguarantees of timing, future results or performance. All forward-looking statements are subject to risks and uncertainties that maycause actual results to differ materially from those that we expected, including: our history of net losses and our ability to achieve or maintain profitability in an environment of increasingexpenses; ••the viability of our growth strategy and our ability to realize expected results;•our ability to attract new members and to successfully enter into new markets;•the quality and pricing of our products and services;•our ability to maintain a high rating for our plans on the Five Star Quality Rating System;•our ability to develop and maintain satisfactory relationships with care providers that service our members;•our ability to manage our growth effectively, execute our business plan, maintain high levels of service and membersatisfaction or adequately address competitive challenges;•our ability to compete in the healthcare industry;•the impact on our business of cybersecurity breaches, loss of data or other disruptions causing the compromise ofsensitive information or preventing us from accessing critical information;•the impact on our business of disruptions in our disaster recovery systems or management continuity planning