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    ALHC

    Alignment Healthcare, Inc.

    Company overview

    Market capitalization
    $1.64B
    Employees
    1,849
    Latest publication
    2026-09-29
    About Alignment Healthcare, Inc.

    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.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USD
    Total Revenue1,335,633,000USD1,235,197,000USD993,695,000USD1,015,288,000USD926,932,000USD
    Selling General Administrative131,003,000USD121,138,000USD110,015,000USD103,797,000USD103,831,000USD
    Total Operating Expenses1,293,533,000USD128,977,000USD117,992,000USD110,800,000USD111,425,000USD
    Operating Income42,100,000USD15,503,000USD7,681,000USD22,748,000USD-5,393,000USD
    Total Other Income Expense Net-4,274,000USD-4,062,000USD-3,950,000USD-3,871,000USD-3,940,000USD
    Interest Expense4,275,000USD4,062,000USD3,950,000USD3,950,000USD3,950,000USD
    Depreciation And Amortization7,854,000USD7,839,000USD7,985,000USD7,036,000USD7,627,000USD
    Income Before Tax37,826,000USD11,441,000USD3,731,000USD18,877,000USD-9,333,000USD
    Income Tax Expense1,266,000USD25,000USD2,000USD3,224,000USD21,000USD
    Net Income36,560,000USD11,416,000USD3,729,000USD15,667,000USD-9,114,000USD
    Minority Interest0USD0USD0USD14,000USD240,000USD
    Cost Of Revenue—1,090,717,000USD868,022,000USD881,740,000USD820,900,000USD
    Gross Profit—144,480,000USD125,673,000USD133,548,000USD106,032,000USD
    Unclassified Operating Expenses—7,839,000USD7,977,000USD7,003,000USD7,594,000USD
    Net Interest Income—-4,062,000USD-3,950,000USD-3,950,000USD-3,950,000USD
    Tax Provision—25,000USD2,000USD3,224,000USD21,000USD
    Net Income From Continuing Ops—11,416,000USD3,729,000USD15,653,000USD-9,354,000USD
    Ebit—15,503,000USD7,681,000USD22,827,000USD-5,383,000USD
    Ebitda—23,342,000USD15,666,000USD29,863,000USD2,244,000USD
    Reconciled Depreciation—7,862,000USD7,985,000USD7,036,000USD7,627,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USD
    Total Revenue3,948,719,000USD
    Cost Of Revenue3,460,156,000USD
    Gross Profit488,563,000USD
    Selling General Administrative443,407,000USD
    Unclassified Operating Expenses30,404,000USD
    Total Operating Expenses473,811,000USD
    Operating Income14,752,000USD
    Interest Expense15,799,000USD
    Net Interest Income-15,799,000USD
    Income Before Tax-958,000USD
    Income Tax Expense20,000USD
    Tax Provision20,000USD
    Net Income-724,000USD
    Net Income From Continuing Ops-978,000USD
    Ebit14,841,000USD
    Ebitda45,323,000USD
    Depreciation And Amortization30,482,000USD
    Reconciled Depreciation30,482,000USD
    Total Other Income Expense Net-15,710,000USD
    Minority Interest254,000USD
    SourceLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Assets1,279,038,000USD1,065,786,000USD1,102,614,000USD1,000,150,000USD895,617,000USD782,063,000USD692,287,000USD716,258,000USD
    Cash And Equivalents693,453,000USD———————
    Cash And Short Term Investments701,711,000USD577,937,000USD644,080,000USD503,777,000USD479,544,000USD470,650,000USD380,976,000USD363,708,000USD
    Short Term Investments8,258,000USD28,413,000USD26,013,000USD33,511,000USD33,360,000USD37,791,000USD40,676,000USD24,701,000USD
    Total Current Assets1,160,449,000USD831,144,000USD985,324,000USD880,122,000USD774,486,000USD661,638,000USD573,607,000USD599,113,000USD
    Other Current Assets161,845,000USD122,553,000USD121,407,000USD93,414,000USD80,883,000USD37,084,000USD53,779,000USD52,191,000USD
    Other Non Current Assets8,464,000USD———————
    Total Liabilities1,013,907,000USD———————
    Total Current Liabilities683,407,000USD476,527,000USD611,085,000USD529,527,000USD457,119,000USD351,845,000USD358,083,000USD371,539,000USD
    Total Stockholder Equity265,131,000USD179,277,000USD161,871,000USD140,967,000USD108,131,000USD99,851,000USD114,550,000USD123,705,000USD
    Total Equity Including Noncontrolling Interest265,131,000USD———————
    Long Term Debt324,056,000USD323,176,000USD322,736,000USD322,295,000USD321,855,000USD321,428,000USD210,386,000USD211,742,000USD
    Net Receivables296,893,000USD253,207,000USD219,837,000USD282,931,000USD214,059,000USD153,904,000USD138,852,000USD183,214,000USD
    Property Plant Equipment Net66,211,000USD71,270,000USD74,355,000USD77,102,000USD76,254,000USD74,957,000USD72,816,000USD70,515,000USD
    Goodwill32,060,000USD———————
    Intangible Assets4,550,000USD4,550,000USD4,550,000USD4,550,000USD4,550,000USD4,550,000USD4,550,000USD5,201,000USD
    Accounts Payable32,270,000USD474,569,000USD406,726,000USD361,353,000USD308,739,000USD242,499,000USD225,807,000USD249,031,000USD
    Common Stock207,000USD205,000USD200,000USD198,000USD198,000USD192,000USD191,000USD191,000USD
    Retained Earnings-961,041,000USD-1,009,017,000USD-998,011,000USD-1,001,740,000USD-1,017,407,000USD-1,008,293,000USD-977,202,000USD-950,789,000USD
    Total Liab—886,509,000USD940,743,000USD859,183,000USD786,622,000USD681,108,000USD576,660,000USD591,460,000USD
    Other Current Liab—556,866,000USD204,359,000USD168,174,000USD148,380,000USD108,134,000USD130,663,000USD122,508,000USD
    Capital Stock—205,000USD200,000USD198,000USD198,000USD192,000USD191,000USD191,000USD
    Good Will—32,060,000USD32,060,000USD32,060,000USD34,192,000USD34,826,000USD34,826,000USD34,826,000USD
    Cash—577,937,000USD618,067,000USD470,266,000USD446,184,000USD432,859,000USD340,300,000USD339,007,000USD
    Net Debt—-239,869,000USD-288,409,000USD-140,610,000USD-116,681,000USD-103,596,000USD-120,110,000USD-119,086,000USD
    Short Term Debt—1,958,000USD———1,212,000USD1,613,000USD—
    Short Long Term Debt Total—338,068,000USD329,658,000USD329,656,000USD329,503,000USD329,263,000USD220,190,000USD219,921,000USD
    Property Plant Equipment Gross—250,402,000USD245,674,000USD240,456,000USD232,602,000USD224,344,000USD215,572,000USD206,648,000USD
    Common Stock Shares Outstanding—200,970,862shares208,927,980shares209,519,629shares193,606,438shares191,897,164shares191,361,283shares190,891,787shares
    Non Current Assets Total—234,642,000USD117,290,000USD120,028,000USD121,131,000USD120,425,000USD118,680,000USD117,145,000USD
    Non Current Liabilities Total—409,982,000USD329,658,000USD329,656,000USD329,503,000USD329,263,000USD218,577,000USD219,921,000USD
    Non Currrent Assets Other—98,349,000USD6,325,000USD6,316,000USD6,135,000USD6,092,000USD6,488,000USD6,603,000USD
    Net Working Capital—394,711,000USD374,239,000USD350,595,000USD317,367,000USD309,793,000USD215,524,000USD227,574,000USD
    Unclassified Current Assets—-150,966,000USD——————
    Unclassified Non Current Assets—28,413,000USD——————
    Unclassified Current Liabilities—-556,866,000USD——————
    Unclassified Non Current Liabilities—86,806,000USD6,922,000USD7,361,000USD7,648,000USD7,835,000USD8,191,000USD8,179,000USD
    Unclassified Equity—1,187,884,000USD1,159,482,000USD1,142,311,000USD1,125,142,000USD1,107,760,000USD1,091,370,000USD1,074,112,000USD
    Current Deferred Revenue——————-25,394,000USD—
    Short Long Term Debt——————1,613,000USD—
    Other Assets———————1USD
    Inventory———————-522,221,000USD
    Accumulated Other Comprehensive Income———————0USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
    Total Assets1,065,786,000USD782,063,000USD591,880,000USD633,863,000USD630,895,000USD338,502,000USD193,443,000USD
    Intangible Assets4,550,000USD4,550,000USD5,252,000USD5,478,000USD5,813,000USD5,342,000USD5,668,000USD
    Other Current Assets122,553,000USD37,084,000USD44,970,000USD42,107,000USD27,747,000USD17,225,000USD5,236,000USD
    Total Liab886,509,000USD681,108,000USD433,809,000USD394,561,000USD324,840,000USD307,891,000USD272,154,000USD
    Total Stockholder Equity179,277,000USD99,851,000USD156,946,000USD238,126,000USD306,040,000USD30,611,000USD-78,711,000USD
    Other Current Liab556,866,000USD108,134,000USD92,953,000USD58,042,000USD149,814,000USD25,172,000USD12,521,000USD
    Common Stock205,000USD192,000USD189,000USD187,000USD187,000USD164,000USD—
    Capital Stock205,000USD192,000USD189,000USD187,000USD188,000USD164,000USD—
    Retained Earnings-1,009,017,000USD-1,008,293,000USD-880,258,000USD-732,241,000USD-582,694,000USD-379,571,000USD-78,711,000USD
    Good Will32,060,000USD34,826,000USD34,826,000USD34,810,000USD29,303,000USD29,303,000USD29,303,000USD
    Cash577,937,000USD432,859,000USD202,904,000USD409,549,000USD466,600,000USD207,311,000USD86,484,000USD
    Cash And Short Term Investments577,937,000USD470,650,000USD318,818,000USD409,549,000USD466,600,000USD207,311,000USD86,484,000USD
    Total Current Assets831,144,000USD661,638,000USD483,537,000USD544,546,000USD552,859,000USD264,676,000USD127,352,000USD
    Total Current Liabilities476,527,000USD351,845,000USD263,022,000USD229,961,000USD167,245,000USD153,452,000USD130,256,000USD
    Net Debt-239,869,000USD-103,596,000USD-32,117,000USD-244,949,000USD-309,005,000USD-52,872,000USD51,473,000USD
    Short Term Debt1,958,000USD1,212,000USD1,717,000USD4,202,000USD3,706,000USD3,351,000USD—
    Short Long Term Debt Total338,068,000USD329,263,000USD170,787,000USD164,600,000USD157,595,000USD154,439,000USD137,957,000USD
    Long Term Debt323,176,000USD321,428,000USD161,813,000USD160,902,000USD150,620,000USD144,168,000USD137,957,000USD
    Short Term Investments28,413,000USD37,791,000USD115,914,000USD0USD———
    Net Receivables253,207,000USD153,904,000USD119,749,000USD92,890,000USD58,512,000USD40,140,000USD35,632,000USD
    Accounts Payable474,569,000USD242,499,000USD170,069,000USD171,919,000USD17,431,000USD128,280,000USD117,735,000USD
    Property Plant Equipment Net71,270,000USD74,957,000USD61,860,000USD42,994,000USD38,211,000USD37,033,000USD27,442,000USD
    Property Plant Equipment Gross250,402,000USD224,344,000USD185,545,000USD42,994,000USD38,211,000USD37,033,000USD27,442,000USD
    Common Stock Shares Outstanding198,006,216shares190,793,552shares186,214,784shares181,212,757shares171,956,849shares187,273,782shares152,132,299shares
    Non Current Assets Total234,642,000USD120,425,000USD108,343,000USD89,317,000USD78,036,000USD73,826,000USD66,091,000USD
    Non Current Liabilities Total409,982,000USD329,263,000USD170,787,000USD164,600,000USD157,595,000USD154,439,000USD141,898,000USD
    Non Currrent Assets Other98,349,000USD6,092,000USD6,405,000USD6,035,000USD4,709,000USD2,148,000USD3,678,000USD
    Net Working Capital394,711,000USD309,793,000USD220,515,000USD314,585,000USD385,614,000USD111,224,000USD-2,904,000USD
    Unclassified Current Assets-150,966,000USD——————
    Unclassified Non Current Assets28,413,000USD——-6,035,000USD-4,709,000USD-2,148,000USD-3,678,000USD
    Unclassified Current Liabilities-556,866,000USD——-4,202,000USD-3,706,000USD-3,351,000USD—
    Unclassified Non Current Liabilities86,806,000USD7,835,000USD8,974,000USD3,698,000USD—10,271,000USD-3,941,000USD
    Unclassified Equity1,187,884,000USD1,107,760,000USD1,036,826,000USD969,993,000USD888,359,000USD409,854,000USD57,730,000USD
    Current Deferred Revenue——-1,717,000USD-4,202,000USD-3,706,000USD-3,351,000USD—
    Other Assets———6,035,000USD4,709,000USD2,148,000USD3,678,000USD
    Net Tangible Assets———197,838,000USD270,924,000USD-4,034,000USD-113,682,000USD
    Non Current Liabilities Other————6,975,000USD—3,941,000USD
    Accumulated Other Comprehensive Income—————0USD-57,730,000USD
    Other Liab——————3,941,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income11,416,000USD-11,006,000USD3,729,000USD15,653,000USD-9,354,000USD-31,064,000USD-26,429,000USD-24,003,000USD
    Depreciation7,862,000USD7,834,000USD7,985,000USD7,036,000USD7,627,000USD6,808,000USD7,686,000USD6,539,000USD
    Stock Based Compensation14,019,000USD13,115,000USD16,227,000USD15,553,000USD17,187,000USD16,236,000USD17,258,000USD16,784,000USD
    Other Non Cash Items615,000USD899,000USD108,073,000USD121,000USD465,000USD3,251,000USD486,000USD36,000USD
    Change To Account Receivables-24,471,000USD-33,655,000USD62,808,000USD-69,104,000USD-60,155,000USD-15,052,000USD44,334,000USD-18,238,000USD
    Change In Working Capital94,770,000USD-61,217,000USD8,542,000USD-9,233,000USD691,000USD-3,942,000USD27,189,000USD24,173,000USD
    Total Cash From Operating Activities128,682,000USD-50,375,000USD144,556,000USD29,130,000USD16,616,000USD-8,711,000USD26,190,000USD23,529,000USD
    Capital Expenditures-7,364,000USD-16,255,000USD16,255,000USD-8,003,000USD-8,252,000USD-9,284,000USD-9,280,000USD-11,733,000USD
    Free Cash Flow121,318,000USD-66,630,000USD160,811,000USD21,127,000USD8,364,000USD-17,995,000USD16,910,000USD11,796,000USD
    Investments7,942,000USD-2,134,000USD2,315,000USD-6,664,000USD-3,462,000USD-5,920,000USD-24,560,000USD26,966,000USD
    Total Cashflows From Investing Activities578,000USD-7,163,000USD2,315,000USD-6,664,000USD-3,462,000USD-5,920,000USD-24,560,000USD26,966,000USD
    Total Cash From Financing Activities515,000USD15,296,000USD948,000USD1,616,000USD181,000USD106,875,000USD15,000USD49,488,000USD
    Change In Cash129,775,000USD-42,241,000USD147,819,000USD24,082,000USD13,335,000USD92,244,000USD1,630,000USD99,983,000USD
    Begin Period Cash Flow577,937,000USD620,178,000USD472,359,000USD448,277,000USD434,942,000USD342,699,000USD341,069,000USD241,086,000USD
    End Period Cash Flow707,712,000USD577,937,000USD620,178,000USD472,359,000USD448,277,000USD434,943,000USD342,699,000USD341,069,000USD
    Other Cashflows From Financing Activities-1,658,000USD15,296,000USD948,000USD1,616,000USD-26,000USD155,000USD15,000USD49,488,000USD
    Unclassified Financing Cash Flow2,173,000USD————-8,280,000USD——
    Net Borrowings—0USD0USD——115,000,000USD0USD—
    Other Cashflows From Investing Activities—11,226,000USD-21,752,000USD1,140,000USD-8,252,000USD—14,000USD38,699,000USD
    Unclassified Investing Cash Flow——5,497,000USD6,863,000USD16,504,000USD9,284,000USD9,266,000USD-26,966,000USD
    Sale Purchase Of Stock——————350,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
    Net Income-724,000USD-128,071,000USD-148,173,000USD-149,639,000USD-195,286,000USD-22,926,000USD-44,732,000USD
    Depreciation31,609,000USD27,062,000USD21,668,000USD17,486,000USD16,033,000USD15,461,000USD16,583,000USD
    Stock Based Compensation62,082,000USD71,132,000USD66,835,000USD81,718,000USD110,600,000USD2,124,000USD1,157,000USD
    Other Non Cash Items11,816,000USD3,755,000USD-1,543,000USD10,561,000USD9,293,000USD9,648,000USD7,205,000USD
    Change To Account Receivables-100,106,000USD-34,278,000USD-26,950,000USD-34,377,000USD-17,608,000USD-4,627,000USD-5,784,000USD
    Change In Working Capital35,144,000USD60,892,000USD2,026,000USD-5,553,000USD-19,416,000USD3,254,000USD28,995,000USD
    Total Cash From Operating Activities139,927,000USD34,770,000USD-59,187,000USD-45,427,000USD-78,776,000USD7,561,000USD9,208,000USD
    Capital Expenditures-26,781,000USD-41,418,000USD-35,995,000USD-23,774,000USD-18,360,000USD-15,708,000USD-10,245,000USD
    Free Cash Flow113,146,000USD-6,648,000USD-95,182,000USD-69,201,000USD-97,136,000USD-8,147,000USD-1,037,000USD
    Investments10,667,000USD39,191,000USD-154,352,000USD-28,217,000USD-1,050,000USD-750,000USD5,000USD
    Total Cashflows From Investing Activities-14,974,000USD39,191,000USD-147,263,000USD-28,217,000USD-20,815,000USD-16,358,000USD-10,240,000USD
    Net Borrowings0USD165,000,000USD0USD21,821,000USD21,821,000USD21,821,000USD55,000,000USD
    Total Cash From Financing Activities18,041,000USD156,028,000USD105,000USD16,593,000USD360,130,000USD130,124,000USD52,665,000USD
    Change In Cash142,994,000USD229,989,000USD-206,345,000USD-57,051,000USD260,539,000USD121,327,000USD51,633,000USD
    Begin Period Cash Flow434,943,000USD204,954,000USD411,299,000USD468,350,000USD207,811,000USD86,484,000USD34,851,000USD
    End Period Cash Flow577,937,000USD434,943,000USD204,954,000USD411,299,000USD468,350,000USD207,811,000USD86,484,000USD
    Other Cashflows From Investing Activities-25,641,000USD14,000USD—-400,000USD-1,405,000USD100,000USD5,000USD
    Other Cashflows From Financing Activities-26,000USD-8,622,000USD105,000USD-5,228,000USD-28,996,000USD-3,371,000USD-854,000USD
    Unclassified Investing Cash Flow26,781,000USD41,404,000USD43,084,000USD24,174,000USD———
    Unclassified Financing Cash Flow18,067,000USD———368,779,000USD113,179,000USD54,646,000USD
    Sale Purchase Of Stock—-350,000USD0USD0USD-1,474,000USD-1,505,000USD-1,981,000USD
    Issuance Of Capital Stock——0USD0USD390,600,000USD135,000,000USD500,000USD
    Change To Liabilities———13,743,000USD-807,000USD645,000USD1,294,000USD
    Change To Inventory————-13,513,000USD-11,875,000USD-2,889,000USD
    Cash And Cash Equivalents Changes————260,539,000USD——
    Dividends Paid——————-54,146,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q1 2021Quarterly · 2021-03-31ProductHealth Care Capitation2,287,000USD0000950170-22-007889
    Q1 2021Quarterly · 2021-03-31ProductHealth Care Premium264,713,000USD0000950170-22-007889
    Q4 2020Quarterly · 2020-12-31ProductHealth Care Capitation20,272,000USDLegacy provider
    Q4 2020Quarterly · 2020-12-31ProductHealth Care Premium221,408,000USDLegacy provider
    FY 2020Yearly · 2020-12-31ProductHealth Care Capitation82,335,000USD0000950170-23-005096
    FY 2020Yearly · 2020-12-31ProductHealth Care Premium873,058,000USD0000950170-23-005096
    Q3 2020Quarterly · 2020-09-30ProductHealth Care Capitation21,199,000USD0000950170-21-003106
    Q3 2020Quarterly · 2020-09-30ProductHealth Care Premium224,292,000USD0000950170-21-003106
    Q2 2020Quarterly · 2020-06-30ProductHealth Care Capitation20,875,000USD0000950170-21-001079
    Q2 2020Quarterly · 2020-06-30ProductHealth Care Premium223,081,000USD0000950170-21-001079
    Q1 2020Quarterly · 2020-03-31ProductHealth Care Capitation19,989,000USD0000950170-21-000261
    Q1 2020Quarterly · 2020-03-31ProductHealth Care Premium204,277,000USD0000950170-21-000261
    FY 2019Yearly · 2019-12-31ProductHealth Care Capitation124,569,000USD0000950170-22-002810
    FY 2019Yearly · 2019-12-31ProductHealth Care Premium629,404,000USD0000950170-22-002810

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.