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Alignment Healthcare(NASDAQ) ALHC

Current Price$19.47
Market Cap$4.02BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)+12%
5 Year-4%
1 Year+67%
1 Month-10%
Alignment Healthcare last closing stock price
MetricPriceDate
Last closeUSD 19.432026-07-24
Alignment Healthcare stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-5.68%USD 20.602026-07-17
1 month-10.42%USD 21.692026-06-24
3 month-8.05%USD 21.132026-04-24
Year to date-1.62%USD 19.752025-12-31
1 year+66.92%USD 11.642025-07-24
3 year+224.92%USD 5.982023-07-25
5 year-4.29%USD 20.302021-07-23
Since inception+12.25%USD 17.312021-03-26

Alignment Healthcare Financials at a Glance

Market Cap

$4.02BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$4.26B

Net Income (TTM)

$19.81M

EPS (TTM)

$0.09

P/E Ratio

212.58

Dividend

$0.00

Beta (Volatility)

0.83 (Low)

Price

$19.47

Volume

90,979

Open

$20.23

Previous Close

$19.47

Daily Range

$19.45 - $20.30

52-Week Range

$11.66 - $25.12

Estimated Earnings Date

Jul 30, 2026

About Alignment Healthcare

Alignment Healthcare helps seniors find and use private medical insurance plans. The company uses its own software and doctors to manage patient health. These services make it easier for older adults to get the care they need.

Plans, Platforms, and Care

  • Medicare Advantage Plans: Private insurance options that cover doctor visits and hospital stays for seniors.
  • AVA Platform: Data software that tracks patient health to help doctors catch medical issues early.
  • Care Anywhere: A clinical program where health teams visit members at home or in their community.
  • Prescription Coverage: Benefit plans that help seniors pay for their daily medications.

Growth and Market Expansion

  • Expanded operations to 45 markets across California, North Carolina, Nevada, Arizona, and Texas.
  • Sold $330 million in convertible senior notes in November 2024 to repay existing debt.
  • Ended participation in the CMS ACO REACH model in December 2025 to focus on core health plans.
  • Established a $200 million credit facility with Citibank in February 2026 for general corporate use.

What Makes the Model Different?

The company uses its proprietary AVA software to identify and manage chronic health conditions before they become emergencies. By employing its own clinical teams, Alignment maintains direct control over the quality and cost of care provided to its members.

Recent Financial Performance

  • Total revenue reached $1.2 billion in Q1 2026, up 33.3% from the same period in 2025.
  • Net income turned positive at $11.4 million in Q1 2026, up 225.3% from a $9.1 million loss in Q1 2025.
  • Operating cash flow rose to $128.7 million in Q1 2026, up 674.4% year-over-year.
  • Free cash flow hit $121.3 million in Q1 2026, compared to $8.4 million in Q1 2025.

Bottom Line

Alignment has transitioned from a regional startup to a multi-state health platform with improving profitability. Its model integrates technology and direct clinical care to manage the rising costs of senior healthcare.

AI Generated • May 23, 2026

Industry

Healthcare Providers and Services

Employees

1,849

CEO

John E. Kao, MBA

Headquarters

Orange, CA 92868, US

ALHC Financials

Key Financial Metrics (TTM)

Gross Margin

12.38%

Operating Margin

0.84%

Net Income Margin

0.47%

Return on Equity

11.50%

Return on Capital

2.85%

Return on Assets

1.57%

Earnings Yield

0.47%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$4.02BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

206.73M

Volume

90.98K

Avg. Volume

6.01M

Financials (TTM)

Gross Profit

$527.01M

Operating Income

$35.65M

EBITDA

$66.42M

Operating Cash Flow

$251.99M

Capital Expenditure

-$15.37M

Free Cash Flow

$236.63M

Cash & ST Invst.

$1.41B

Total Debt

$329.97M

Alignment Healthcare Performance Analysis

Alignment Healthcare annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,434,159,00022.8%
20232023-12-31USD 1,823,630,00027.2%
20242024-12-31USD 2,703,561,00048.3%
20252025-12-31USD 3,948,719,00046.1%
Alignment Healthcare sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-309.5%
Q32025-09-30-2.1%
Q42025-12-311.9%
Q12026-03-3122.0%
Alignment Healthcare annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.83-27.3%
20232023-12-31USD -0.79-3.7%
20242024-12-31USD -0.67-15.6%
20252025-12-31USD -0.00-99.4%
Alignment Healthcare sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30258.8%
Q32025-09-30-76.2%
Q42025-12-31-407.9%
Q12026-03-31197.8%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$1.24B

+33.3%

Gross Profit

$144.48M

+36.3%

Gross Margin

11.70%

N/A

Market Cap

$4.02BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$2.17M

N/A

Employees

1,849

N/A

Net Income

$11.42M

+225.3%

EBITDA

$23.34M

+940.2%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$1.41B

+194.3%

Total Debt

$329.97M

+0.1%

Accounts Receivable

$277.68M

+29.7%

Inventory

$0.00

N/A

Long Term Debt

$329.97M

+0.1%

Short Term Debt

$0.00

N/A

Return on Assets

1.57%

N/A

Return on Invested Capital

5.89%

N/A

Free Cash Flow

$121.32M

+1350.5%

Operating Cash Flow

$128.68M

+674.4%

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Questions About ALHC

What is the current price of Alignment Healthcare?

Alignment Healthcare is trading at $19.47 per share.

What is the 52-week range for Alignment Healthcare?

Over the past 52 weeks, Alignment Healthcare has traded between $11.66 and $25.12.

How much debt does Alignment Healthcare have?

As of the most recent reporting period, Alignment Healthcare reported total debt of $329.97M.

How much cash does Alignment Healthcare have on hand?

Alignment Healthcare reported $1.41B in cash and cash equivalents in its most recent financial results.

What is Alignment Healthcare’s dividend yield?

Alignment Healthcare does not currently have a dividend yield.

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