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Stocks · Health care · Hospital & Medical Service Plans

Alignment Healthcare, Inc.

ALHC Clue Score55
United States Fiscal year ends December CIK 0001832466
$7.55 -13.38% Close, 9 Oct 2026
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Price $7.55 −56.41% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 26 Mar 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue754.0Operating income−29.5Net income−44.7Fiscal year 2020Revenue955.4 +26.7%Operating income−5.3Net income−22.9EPS, diluted−0.15Fiscal year 2021Revenue1,167.1 +22.2%Operating income−178.1Net income−195.3EPS, diluted−1.14Fiscal year 2022Revenue1,431.6 +22.7%Operating income−128.6Net income−149.5EPS, diluted−0.83Fiscal year 2023Revenue1,800.9 +25.8%Operating income−127.8Net income−148.0EPS, diluted−0.79Fiscal year 2024Revenue2,703.6 +50.1%Operating income−101.6Net income−128.0EPS, diluted−0.67Fiscal year 2025Revenue3,948.7 +46.1%Operating income14.8Net income−0.7EPS, diluted0.00
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 754.0 955.4 1,167.1 1,431.6 1,800.9 2,703.6 3,948.7
Growth +26.7% +22.2% +22.7% +25.8% +50.1% +46.1%
Operating income −29.5 −5.3 −178.1 −128.6 −127.8 −101.6 14.8
Net income −44.7 −22.9 −195.3 −149.5 −148.0 −128.0 −0.7
Growth
EPS, diluted n/a −0.15 −1.14 −0.83 −0.79 −0.67 0.00
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2019Operating margin−3.9%Net margin−5.9%Fiscal year 2020Operating margin−0.6%Net margin−2.4%Fiscal year 2021Operating margin−15.3%Net margin−16.7%Fiscal year 2022Operating margin−9.0%Net margin−10.4%Free cash flow margin−4.8%Fiscal year 2023Operating margin−7.1%Net margin−8.2%Free cash flow margin−5.3%Fiscal year 2024Operating margin−3.8%Net margin−4.7%Free cash flow margin−0.2%Fiscal year 2025Operating margin0.4%Net margin−0.0%Free cash flow margin2.9%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −3.9% −0.6% −15.3% −9.0% −7.1% −3.8% 0.4%
Net margin −5.9% −2.4% −16.7% −10.4% −8.2% −4.7% −0.0%
Free cash flow margin n/a n/a n/a −4.8% −5.3% −0.2% 2.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow9.2Fiscal year 2020Operating cash flow7.6Fiscal year 2021Operating cash flow−78.8Fiscal year 2022Operating cash flow−45.4Capital expenditure−23.8Free cash flow−69.2Fiscal year 2023Operating cash flow−59.2Capital expenditure−36.0Free cash flow−95.2Fiscal year 2024Operating cash flow34.8Capital expenditure−41.4Free cash flow−6.6Fiscal year 2025Operating cash flow139.9Capital expenditure−26.8Free cash flow113.1
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 9.2 7.6 −78.8 −45.4 −59.2 34.8 139.9
Capital expenditure n/a n/a n/a −23.8 −36.0 −41.4 −26.8
Free cash flow n/a n/a n/a −69.2 −95.2 −6.6 113.1
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash86.5Shareholders’ equity−78.7Fiscal year 2020Cash207.3Total debt144.2Net cash (debt)63.1Shareholders’ equity30.6Debt to equity4.71Fiscal year 2021Cash466.6Total debt150.6Net cash (debt)316.0Shareholders’ equity306.0Debt to equity0.49Fiscal year 2022Cash409.5Total debt160.9Net cash (debt)248.6Shareholders’ equity238.1Debt to equity0.68Fiscal year 2023Cash202.9Total debt161.8Net cash (debt)41.1Shareholders’ equity156.9Debt to equity1.03Fiscal year 2024Cash432.9Total debt321.4Net cash (debt)111.4Shareholders’ equity99.9Debt to equity3.22Fiscal year 2025Cash575.8Total debt323.2Net cash (debt)252.6Shareholders’ equity179.3Debt to equity1.80
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 86.5 207.3 466.6 409.5 202.9 432.9 575.8
Total debt n/a 144.2 150.6 160.9 161.8 321.4 323.2
Net cash (debt) n/a 63.1 316.0 248.6 41.1 111.4 252.6
Shareholders’ equity −78.7 30.6 306.0 238.1 156.9 99.9 179.3
Debt to equity n/a 4.71 0.49 0.68 1.03 3.22 1.80

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−3.9% −0.6% −15.3% −9.0% −7.1% −3.8% 0.4%
−5.9% −2.4% −16.7% −10.4% −8.2% −4.7% −0.0%
−5.9% −2.4% −16.7% −10.4% −8.2% −4.7% −0.0%
n/a n/a n/a −4.8% −5.3% −0.2% 2.9%
Spending
14.6% 16.4% 24.9% 20.7% 17.1% 13.7% 11.2%
n/a n/a n/a 1.7% 2.0% 1.5% 0.7%
Returns
n/a −74.9% −63.8% −62.8% −94.3% −128.2% −0.4%
n/a −6.8% −31.0% −23.6% −25.0% −16.4% −0.1%
Balance and payout
n/a 4.71 0.49 0.68 1.03 3.22 1.80
n/a 91.0% 51.5% 62.2% 73.3% 87.1% 83.2%