FY2025 · ended Dec 31, 2025 · Revenue $3.95B, +46.1% YoY · Filed Feb 27, 2026
Alignment Healthcare, Inc. (ALHC) files with the SEC under industry code 6324, Hospital & Medical Service Plans. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $3.9 billion and a net loss of $724,000. Free cash flow was $113.1 million. As of Sep 30, 2026 it held $743.0 million in cash and investments and $324.5 million in total debt.
Revenue (TTM)
$4.94B
+35.9% vs year-ago TTM
Net income (TTM)
$28.92M
+239.0% vs year-ago TTM
Operating cash flow (TTM)
$108.02M
-40.5% vs year-ago TTM
Free cash flow (TTM)
$77.04M
-48.8% vs year-ago TTM
EPS (TTM)
$0.14
+240.0% vs year-ago TTM
Dividend per share
None
Shares outstanding
204.30M
+6.5% vs prior year
Net cash
$418.46M
as of Sep 30, 2026
Operating margin
0.9%
FY 2026
Company profile
- Industry
- Hospital & Medical Service Plans (SIC 6324)
- Listed as
- ALHC (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Orange, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1832466
Other Hospital & Medical Service Plans companies
- Unitedhealth Group Inc UNH
- Elevance Health, Inc. ELV
- Cigna Group CI
- Humana Inc HUM
- Centene Corp CNC
- Molina Healthcare, Inc. MOH
- Oscar Health, Inc. OSCR
- Clover Health Investments, Corp. /DE CLOV
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $3.9B | $2.7B | $1.8B | $1.4B | $1.2B |
| Operating income | $14.8M | -$101.6M | -$127.8M | -$128.6M | -$178.1M |
| Net income | -$724,000 | -$128.0M | -$148.0M | -$149.5M | -$195.3M |
| Diluted EPS | $0.00 | -$0.67 | -$0.79 | -$0.83 | — |
| Operating cash flow | $139.9M | $34.8M | -$59.2M | -$45.4M | -$78.8M |
| Free cash flow | $113.1M | -$6.6M | — | — | — |
| Total assets | $1.1B | $782.1M | $591.9M | $633.9M | $630.9M |
| Total liabilities | $886.5M | $681.1M | $433.8M | $394.6M | $324.8M |
| Stockholders' equity | $179.3M | $99.9M | $156.9M | $238.1M | $306.0M |
| Cash and investments | $604.2M | $470.6M | $318.8M | $409.5M | $466.6M |
| Total debt | $331.6M | $330.5M | $172.5M | $168.8M | $161.3M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 29, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 29, 2026 | Oct 29, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Oct 8, 2026 | Oct 8, 2026 |
| 10-Q | Quarterly report | Jul 30, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 30, 2026 | Jul 30, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 9, 2026 | Jun 4, 2026 |
All 814 Alignment Healthcare, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.