Alignment Healthcare, Inc. (ALHC) Financial Statements
Industry: Hospital & Medical Service Plans
In fiscal 2025, Alignment Healthcare reported revenue of $3.95B, up 46.1% from $2.70B the year before. Net income was -$724,000 (a -0.0% net margin). Operating margin was 0.4%. Operating activities generated $139.9M of cash, leaving $113.1M of free cash flow. At fiscal year end, Alignment Healthcare held $1.07B in total assets against $886.5M in total liabilities, including $575.8M of cash and equivalents.
Open the full interactive Alignment Healthcare financials → Quarterly statements, key ratios, valuation history and price charts.
Alignment Healthcare Key Stats
| Share Price | $8.30 |
|---|---|
| Market Cap | $1.78B |
| Revenue YoY Growth | +46.1% |
| 52-Week Range | $7.55 – $24.56 |
| Shares Outstanding | 207.4 million (basic, 2026 Q2) |
Alignment Healthcare Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.17B | $1.43B | $1.82B | $2.70B | $3.95B |
| Operating Income | -$178.1M | -$128.6M | -$127.8M | -$101.6M | $14.8M |
| Pre-Tax Income | -$195.3M | -$149.3M | -$148.2M | -$128.1M | -$958,000 |
| Income Tax | $0 | $339,000 | -$22,000 | $21,000 | $20,000 |
| Net Income | -$195.3M | -$149.5M | -$148.0M | -$128.0M | -$724,000 |
| Diluted EPS | -$1.14 | -$0.83 | -$0.79 | -$0.67 | — |
Alignment Healthcare Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $993.7M | $1.01B | $1.24B | $1.34B |
| Net Income | $3.7M | -$11.0M | $11.4M | $36.6M |
| Diluted EPS | $0.02 | -$0.06 | $0.05 | $0.17 |
Alignment Healthcare Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $466.6M | $409.5M | $202.9M | $432.9M | $575.8M |
| Current Assets | $552.9M | $544.5M | $483.5M | $661.6M | $951.6M |
| Total Assets | $630.9M | $633.9M | $591.9M | $782.1M | $1.07B |
| Current Liabilities | $167.2M | $230.0M | $263.0M | $351.8M | $556.9M |
| Total Long-Term Debt | $150.6M | $160.9M | $161.8M | $321.4M | $323.2M |
| Total Liabilities | $324.8M | $394.6M | $433.8M | $681.1M | $886.5M |
| Shareholders' Equity | $306.0M | $238.1M | $156.9M | $99.9M | $179.3M |
Alignment Healthcare Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$78.8M | -$45.4M | -$59.2M | $34.8M | $139.9M |
| Cash From Investing | -$20.8M | -$28.2M | -$147.3M | $39.2M | -$15.0M |
| Cash From Financing | $360.1M | $16.6M | $105,000 | $156.0M | $18.0M |
| Free Cash Flow | — | — | — | -$6.6M | $113.1M |
Figures from Alignment Healthcare's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Alignment Healthcare financials page for every line item.
Alignment Healthcare Company Profile
| Ticker | ALHC |
|---|---|
| Exchange | Nasdaq |
| Industry | Hospital & Medical Service Plans |
| Headquarters | Orange, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001832466 |
Frequently Asked Questions
What was Alignment Healthcare's revenue in fiscal 2025?
Alignment Healthcare (ALHC) reported revenue of $3.95B for fiscal 2025.
What is Alignment Healthcare's annual revenue history?
Alignment Healthcare's annual revenue by fiscal year: 2021: $1.17B; 2022: $1.43B; 2023: $1.82B; 2024: $2.70B; 2025: $3.95B.
What was Alignment Healthcare's net income in fiscal 2025?
Alignment Healthcare reported net income of -$724,000 for fiscal 2025.
How much free cash flow did Alignment Healthcare generate in fiscal 2025?
Alignment Healthcare generated $113.1M of free cash flow in fiscal 2025.
What was Alignment Healthcare's revenue last quarter?
In its most recent reported quarter (2026 Q2), Alignment Healthcare reported revenue of $1.34B.
How much debt does Alignment Healthcare have?
Alignment Healthcare reported $323.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Alignment Healthcare are outstanding?
Alignment Healthcare reported a weighted average of 207.4 million basic shares outstanding in 2026 Q2.
What is Alignment Healthcare's market cap?
Based on its latest closing price, Alignment Healthcare (ALHC) has a market capitalization of about $1.78B.
When does Alignment Healthcare's fiscal year end?
Alignment Healthcare's fiscal year end, as registered with the SEC, is December 31.
Where is Alignment Healthcare headquartered?
Alignment Healthcare lists its business address in Orange, California in its SEC filings.