Full-year 2025 total revenue reached $3.95 billion, representing 46.1% growth year-over-year. The company exceeded the high-end of its fourth quarter and full-year guidance across all key metrics: membership, revenue, adjusted gross profit, and adjusted EBITDA. Health plan membership at the end of Q4 2025 was approximately 236,300, an increase of 25.0% year-over-year. Q4 2025 total revenue was $1,012.8 million, up 44.4% year-over-year. Q4 2025 adjusted gross profit was $124.9 million and adjusted EBITDA was $11.4 million. Full-year 2025 adjusted gross profit was $494.8 million and adjusted EBITDA was $109.9 million. The company achieved free cash flow on a full-year basis for 2025. Health plan membership guidance for 2026 has been raised by 2,000 at the midpoint, with an expected range of 292,000 to 298,000 members. Introduced 2026 revenue guidance of $5.14 billion to $5.19 billion, representing 30%-31% growth year-over-year. Introduced 2026 adjusted EBITDA guidance of $133 million to $163 million. Alignment Healthcare earned recognition on the 2026 Fortune World's Most Admired Companies list.