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ALHCAlignment Healthcare, Inc.
$24.05$4.9B
Overview & Verdict
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ALHC logoAlignment Healthcare, Inc.(ALHC)Earnings, Financials & Key Ratios

ALHC•NASDAQ
$24.05
Price updated Jul 7, 2026
SectorHealthcareIndustryHealth InsuranceSub-IndustryTech-Enabled Health Plans
AboutAlignment Healthcare, Inc., a tech-enabled Medicare advantage company, operates consumer-centric health care platform. It provides customized health care in the United States to seniors and those who need it through its Medicare advantage plans. The company owns Medicare advantage plans in the states of California, North Carolina, and Nevada. It also coordinates and provides covered health care services, including professional, institutional, and ancillary services to members enrolled in certain benefit plans of unaffiliated Medicare Advantage Health Maintenance Organizations. The company was founded in 2013 and is based in Orange, California.Show more
  • Revenue$3.95B+46.1%
  • EBITDA$45M+160.7%
  • Net Income-$724K+99.4%
  • EPS (Diluted)-0.00+99.4%
  • Gross Margin12.37%+12.7%
  • EBITDA Margin1.15%+141.6%
  • Operating Margin0.37%+109.9%
  • Net Margin-0.02%+99.6%
  • ROE-0.52%+99.5%

ALHC Price & Volume

Alignment Healthcare, Inc. (ALHC) stock price & volume — 10-year historical chart

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Aggressive Revenue Scaling Faces Structural Margin Constraints

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Expanding
Profitability:Strained
Financial:Healthy
Cash Flow:Improving
Primary Risk:Regulatory reimbursement rate volatility

Key Thesis Takeaways

  • Alignment Healthcare demonstrates a robust growth trajectory with 33.3% year-over-year revenue expansion as of 2026Q1, yet the firm remains challenged by thin operating margins of 1.3% and persistent stock-based compensation expenses of $14.0 million.
  • While the company has successfully reduced its debt-to-equity ratio to 0.03, the reliance on geographic concentration in California and the volatility of CMS-mandated reimbursement rates present significant long-term risks.
  • Investors should monitor whether the recent shift toward positive free cash flow of $121.3 million can be sustained against the backdrop of a $997.6 million accumulated deficit.

Verdict Logic

while the company has achieved a positive free cash flow of $121.3 million, the persistent $14.0 million quarterly stock-based compensation expense and the $997.6 million accumulated deficit warrant a cautious approach.

ALHC Growth Metrics

Alignment Healthcare, Inc. (ALHC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years32.71%
3 Years40.16%
TTM41.81%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM121.85%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM118.4%

Return on Capital

10 Years-27.74%
5 Years-28.66%
3 Years-19.58%
Last Year2.89%

ALHC Recent Earnings

Alignment Healthcare, Inc. (ALHC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$0.05+400.0%
$0.01
Rev
$1.2B+1.4%
$1.2B
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$0.05+66.7%
$0.15
Rev
$1.0B+0.9%
$1.0B
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$0.02+300.0%
$0.01
Rev
$994M+1.3%
$981M
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$0.07+200.0%
$0.07
Rev
$1.0B+5.8%
$960M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.05vs $0.01+400.0%
$1.2Bvs $1.2B+1.4%
Q1 2026Feb 26, 2026
$0.05vs $0.15+66.7%
$1.0Bvs $1.0B+0.9%
Q4 2025Oct 30, 2025
$0.02vs $0.01+300.0%
$994Mvs $981M+1.3%
Q3 2025Jul 30, 2025
$0.07vs $0.07+200.0%
$1.0Bvs $960M+5.8%
Based on last 12 quarters of dataView full earnings history →

Latest ALHC News

Recent stock market news and headlines for Alignment Healthcare, Inc. (ALHC)

The Motley Fool·Jun 23, 2026
Alignment Healthcare Stock Watch: Why This $550,000 Insider Sale Shouldn't Spook Investors

Konowiecki sold 25,000 shares for a transaction value of $550,000 at around $22.00 per share on June 18, 2026. The sale represented 2.1% of his direct holdings, with 1,153,816 shares remaining post-transaction.

Zacks Investment Research·Jun 19, 2026
Bet on These 4 Top-Performing Liquid Stocks to Maximize Returns

ALHC, AGX, AGYS and CIEN make the cut as the top liquid stocks, each boasting strong liquidity, growth attributes and operational efficiency.

Peers Comparison

Key metrics vs top competitors for Alignment Healthcare, Inc. (ALHC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ALHC logoALHCAlignment Healthcare, Inc.Current
$24.05$4.91B-6500.0046.06%-0.02%-0.52%—
CNC logoCNCCentene Corporation
$66.12$32.65B-4.8519.44%-3.25%-28.6%—
MOH logoMOHMolina Healthcare, Inc.
$232.90$12.13B26.1111.75%0.42%4.44%—
CVS logoCVSCVS Health Corporation
$104.33$133.12B75.067.85%0.72%3.86%—
HUM logoHUMHumana Inc.
$394.62$47.38B40.1010.06%0.82%6.17%—
ELV logoELVElevance Health Inc.
$418.85$90.96B16.6712.62%2.62%11.92%—

Compare ALHC vs Peers

Alignment Healthcare, Inc. (ALHC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CNC

Most directly comparable listed peer for ALHC.

Scale Benchmark

vs UNH

Larger-name benchmark to compare ALHC against a more recognizable public peer.

Peer Set

Compare Top 5

vs CNC, MOH, CVS, HUM

ALHC SEC Filings & Documents

Alignment Healthcare, Inc. (ALHC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Mar 4, 2026·SEC

Material company update

Feb 26, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 30, 2025·SEC

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ALHC Frequently Asked Questions

Alignment Healthcare, Inc. (ALHC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Alignment Healthcare, Inc.'s revenue?

Alignment Healthcare, Inc. (ALHC) reported $4.26B in revenue for fiscal year 2025. This represents a 462% increase from $757.0M in 2019.

How fast is Alignment Healthcare, Inc. growing?

Alignment Healthcare, Inc. (ALHC) grew revenue by 46.1% over the past year. This is strong growth.

Is ALHC profitable?

Yes, Alignment Healthcare, Inc. (ALHC) is profitable, generating $19.8M in net income for fiscal year 2025 (-0.0% net margin).

Dividend & Returns
What is ALHC's return on equity?

Alignment Healthcare, Inc. (ALHC) has a return on equity (ROE) of -0.5%. Negative ROE indicates the company is unprofitable.

What is Alignment Healthcare, Inc.'s free cash flow?

Alignment Healthcare, Inc. (ALHC) generated $236.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in ALHC back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →