ALHC (Alignment Healthcare, Inc.) Stock Financials & Earnings | Market Cap Arena

ALHC (Alignment Healthcare, Inc.) Stock Financials & Earnings | Market Cap Arena

ALHCAlignment Healthcare, Inc.

Mkt Cap$4B

Healthcare·Medical - Healthcare Plans·🇺🇸 United States·NASDAQ

Revenue (TTM)$3.9B

Net Income (TTM)-$724,000

EPS (TTM)-$0.01

Free Cash Flow (TTM)$124M

Gross Margin11.9%

Op. Margin0.4%

Net Margin-0.0%

FCF Margin3.1%

P/S Ratio (TTM)1.0x

P/E Ratio (TTM)—

YoY Rev Growth+46.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$439M	$43M	-$32M
Q2 23	$462M	$52M	-$24M
Q3 23	$457M	$59M	-$30M
Q4 23	$465M	$48M	-$42M
Q1 24	$629M	$55M	-$41M
Q2 24	$681M	$76M	-$18M
Q3 24	$692M	$79M	-$20M
Q4 24	$701M	$86M	-$23M
Q1 25	$927M	$106M	-$5M
Q2 25	$1.0B	$134M	$23M
Q3 25	$994M	$126M	$8M
Q4 25	$1.0B	$106M	-$10M

Valuation

Quarter	P/S	P/E
Q1 23	2.5x	—
Q2 23	2.3x	—
Q3 23	2.2x	—
Q4 23	2.1x	—
Q1 24	1.9x	—
Q2 24	1.7x	—
Q3 24	1.5x	—
Q4 24	1.4x	—
Q1 25	1.3x	—
Q2 25	1.1x	—
Q3 25	1.0x	—
Q4 25	1.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$85M	$78M
Q2 23	$37M	$29M
Q3 23	$6M	-$4M
Q4 23	-$187M	-$198M
Q1 24	-$6M	-$17M
Q2 24	$24M	$12M
Q3 24	$26M	$17M
Q4 24	-$9M	-$18M
Q1 25	$17M	$8M
Q2 25	$29M	$21M
Q3 25	$145M	$161M
Q4 25	-$50M	-$67M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$7M
Q2 23	$9M
Q3 23	$10M
Q4 23	$11M
Q1 24	$11M
Q2 24	$12M
Q3 24	$9M
Q4 24	$9M
Q1 25	$8M
Q2 25	$8M
Q3 25	$16M
Q4 25	$16M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+27.1%	+23.5%
Q2 23	+26.2%	+30.3%
Q3 23	+26.7%	+23.5%
Q4 23	+28.6%	+22.6%
Q1 24	+43.1%	+42.0%
Q2 24	+47.3%	+44.0%
Q3 24	+51.6%	+46.4%
Q4 24	+50.7%	+42.7%
Q1 25	+47.5%	+39.2%
Q2 25	+49.0%	+41.9%
Q3 25	+43.5%	+38.5%
Q4 25	+44.4%	+41.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$22M	5.0%
Q2 23	$16M	3.4%
Q3 23	$14M	3.0%
Q4 23	$16M	3.4%
Q1 24	$21M	3.3%
Q2 24	$17M	2.5%
Q3 24	$17M	2.5%
Q4 24	$16M	2.3%
Q1 25	$17M	1.9%
Q2 25	$16M	1.5%
Q3 25	$16M	1.6%
Q4 25	$13M	1.3%

OpEx Breakdown

Quarter	SG&A
Q1 23	$70M
Q2 23	$70M
Q3 23	$83M
Q4 23	$84M
Q1 24	$91M
Q2 24	$88M
Q3 24	$91M
Q4 24	$102M
Q1 25	$104M
Q2 25	$104M
Q3 25	$110M
Q4 25	$126M

Revenue Segments

Quarter	Health Care Capitation	Health Care, Premium
Q1 23	$35M	$400M
Q2 23	$32M	$425M
Q3 23	$32M	$418M
Q4 23	$33M	$426M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$384M	$103M	$488M
Q2 23	$395M	$122M	$518M
Q3 23	$392M	$124M	$516M
Q4 23	$203M	$116M	$319M
Q1 24	$239M	$63M	$302M
Q2 24	$339M	$25M	$364M
Q3 24	$340M	$41M	$381M
Q4 24	$433M	$38M	$471M
Q1 25	$446M	$33M	$480M
Q2 25	$470M	$34M	$504M
Q3 25	$618M	$26M	$644M
Q4 25	$578M	$0	$578M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	183M	+0.3%
Q2 23	186M	+1.6%
Q3 23	187M	+0.7%
Q4 23	188M	+0.5%
Q1 24	189M	+0.4%
Q2 24	191M	+1.0%
Q3 24	191M	+0.2%
Q4 24	192M	+0.3%
Q1 25	194M	+0.9%
Q2 25	210M	+8.2%
Q3 25	209M	-0.3%
Q4 25	198M	-5.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	$1M	847
FY 22	$1M	1K
FY 23	$1M	2K
FY 24	$2M	2K
FY 25	$2M	2K