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Alignment Healthcare, Inc. - (ALHC) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

NASDAQ · DATA UPDATED 2026-08-30

Alignment Healthcare, Inc. - (ALHC) operates in the NASDAQ industry and is headquartered in Orange, United States with about 1,849 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, ALHC reported $3.9B in revenue and ($1M) in net income.

Alignment Healthcare, Inc. operates a consumer-centric healthcare platform for seniors in the United States. It delivers customized healthcare experience to meet the needs of seniors through its Medicare Advantage plans. Alignment Healthcare, Inc. was founded in 2013 and is based in Orange, California.

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ALHC Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Revenue$4.6B$3.9B$2.7B$1.8B$1.4B$1.2B$959M$757M
Gross Profit$574M$489M$297M$201M$184M$129M$166M$96M
Gross Margin %12.6%12.4%11.0%11.0%12.8%11.0%17.3%12.6%
Operating Income (EBIT)$55M$15M($102M)($128M)($129M)($178M)($5M)($29M)
Operating Margin %1.2%0.4%-3.8%-7.0%-9.0%-15.2%-0.5%-3.9%
Net Income$41M($1M)($128M)($148M)($150M)($195M)($23M)($45M)
Net Margin %0.9%-0.0%-4.7%-8.1%-10.4%-16.7%-2.4%-5.9%
EBITDA$87M$45M($77M)($105M)($114M)($162M)$9M($13M)
Earnings Per Share (EPS)$0.19$-0.00$-0.67$-0.79$-0.83$-1.14$-0.12$-0.29
Shares Outstanding (M)215M198M191M186M181M172M187M152M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ALHC Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$1.3B$1.2B$1.0B$994M$1.0B$927M$701M$692M
Gross Profit$181M$144M$123M$126M$134M$106M$86M$79M
Gross Margin %13.6%11.7%12.2%12.7%13.2%11.4%12.3%11.4%
Operating Income (EBIT)$42M$16M($10M)$8M$23M($5M)($23M)($20M)
Operating Margin %3.1%1.3%-1.0%0.8%2.2%-0.6%-3.2%-2.8%
Net Income$37M$11M($11M)$4M$16M($9M)($31M)($26M)
Net Margin %2.7%0.9%-1.1%0.4%1.5%-1.0%-4.4%-3.8%
EBITDA$50M$23M($2M)$16M$30M$2M($19M)($12M)
Earnings Per Share (EPS)$0.17$0.05$-0.05$0.02$0.07$-0.05$-0.16$-0.14
Shares Outstanding (M)215M213M201M209M210M194M192M191M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ALHC Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash from Operations (CFO)$206M$140M$35M($59M)($45M)($79M)$8M$9M
Capital Expenditures (CapEx)$47M$27M$41M$36M$24M$18M$16M$10M
Free Cash Flow (FCF)$158M$113M($7M)($95M)($69M)($97M)($8M)($1M)
FCF Margin %3.5%2.9%-0.2%-5.2%-4.8%-8.3%-0.9%-0.1%
Dividends Paid$54M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ALHC Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)($17M)$129M($50M)$145M$29M$17M($9M)$26M
Capital Expenditures (CapEx)$7M$7M$16M$16M$8M$8M$9M$9M
Free Cash Flow (FCF)($25M)$121M($67M)$128M$21M$8M($18M)$17M
FCF Margin %-1.8%9.8%-6.6%12.9%2.1%0.9%-2.6%2.4%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ALHC Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Assets$1.3B$1.1B$782M$592M$634M$631M$339M$193M
Cash & Cash Equivalents$693M$576M$433M$203M$410M$467M$207M$86M
Total Liabilities$1.0B$887M$681M$434M$395M$325M$308M$272M
Total Debt (Short + Long-Term)$324M$325M$323M$164M$165M$154M$148M$138M
Total Shareholders' Equity$265M$179M$100M$157M$238M$306M$31M($79M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive ALHC viewer.

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