Alignment Healthcare, Inc. logo ALHC - Alignment Healthcare, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 13
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $24.83 DETAILS
HIGH: $30.00
LOW: $19.00
MEDIAN: $25.00
CONSENSUS: $24.83
UPSIDE: 51.87%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 1,235.2 1,012.8 993.7 1,015.3 926.9 701.2 692.4 681.3 628.6 465.4 456.7 462.4 439.2 361.8 360.3 366.5 345.5 298.3 293.5 309.0 267.1 242.4 247.9 244.3 224.6
Cost of Revenue 1,090.7 889.5 868.0 881.7 820.9 614.9 613.4 605.3 573.2 417.8 397.9 410.6 396.3 326.0 312.9 307.3 303.8 259.6 254.0 274.4 251.1 215.0 190.1 194.5 193.4
Gross Profit 144.5 123.3 125.7 133.5 106.0 86.3 79.0 76.0 55.4 47.6 58.8 51.7 42.8 35.8 47.5 59.2 41.8 38.7 39.5 34.6 16.0 27.4 57.8 49.8 31.2
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 121.1 0 0 0 0 102.1 90.9 87.9 90.5 83.7 83.1 70.2 70.4 83.2 76.5 61.7 74.3 78.1 76.8 71.2 64.9 51.1 38.8 33.7 32.8
Other Expenses 7.8 133.6 118.0 110.8 111.4 6.8 7.6 6.5 6.0 5.8 5.5 5.2 4.9 4.7 4.5 4.2 4.0 4.1 4.1 3.9 3.7 4.1 3.9 3.5 3.6
Operating Expenses 129.0 133.6 118.0 110.8 111.4 108.9 98.5 94.4 96.5 89.5 88.6 75.4 75.3 87.9 80.9 65.9 78.2 82.2 80.9 75.1 68.7 55.2 42.7 37.2 36.4
Operating Income
Operating Income 15.5 (10.3) 7.7 22.7 (5.4) (22.5) (19.5) (18.4) (41.1) (41.9) (29.8) (23.7) (32.5) (52.1) (33.4) (6.6) (36.5) (43.5) (41.5) (40.5) (52.7) (27.8) 15.1 12.6 (5.1)
Interest Expense 4.1 3.9 4.0 4.0 4.0 5.5 6.9 5.7 5.4 5.5 5.5 5.3 5.0 4.8 4.6 4.5 4.4 4.5 4.4 4.3 4.2 4.3 4.3 4.2 4.2
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 23.3 (2.5) 15.7 29.9 2.2 (18.8) (11.8) (11.8) (35.1) (35.9) (24.1) (18.0) (27.4) (47.3) (31.0) (2.9) (32.4) (39.2) (37.3) (36.5) (48.8) (23.6) 19.1 16.2 (2.2)
EBIT 15.5 (10.3) 7.7 22.8 (5.4) (25.6) (19.5) (18.3) (41.1) (41.8) (29.6) (23.2) (32.4) (52.0) (35.5) (7.1) (36.4) (43.4) (41.4) (40.4) (52.6) (27.8) 15.1 12.6 (5.9)
Income Before Tax 11.4 (14.2) 3.7 18.9 (9.3) (31.1) (26.4) (24.0) (46.6) (47.3) (35.1) (28.5) (37.4) (56.8) (40.1) (11.6) (40.8) (47.8) (45.8) (44.8) (56.9) (32.1) 10.8 8.4 (10.1)
Income Tax Expense 0.0 (3.2) 0.0 3.2 0.0 0.0 (0.0) 0.0 0 (0.0) 0 0.0 0.0 0.2 0.2 0 0 0 0 0 0 0 0 0 0
Net Income 11.4 (11.0) 3.7 15.7 (9.1) (31.1) (26.4) (24.0) (46.5) (47.2) (35.0) (28.5) (37.3) (57.0) (40.2) (11.6) (40.8) (47.8) (45.8) (44.8) (56.9) (32.1) 10.8 8.4 (10.1)
Per Share Data
EPS (Basic) 0.06 -0.05 0.02 0.08 -0.05 -0.16 -0.14 -0.13 -0.25 -0.25 -0.19 -0.15 -0.20 -0.31 -0.22 -0.06 -0.23 -0.27 -0.26 -0.25 -0.37 -0.19 0.07 0.06 -0.07
EPS (Diluted) 0.05 -0.05 0.02 0.07 -0.05 -0.16 -0.14 -0.13 -0.25 -0.25 -0.19 -0.15 -0.20 -0.31 -0.22 -0.06 -0.23 -0.27 -0.26 -0.25 -0.37 -0.19 0.07 0.06 -0.07
Shares Outstanding 205.4 201.0 199.0 198.3 193.6 191.9 191.4 190.9 189.0 188.3 187.3 186.0 183.1 182.5 182.1 181.3 178.9 178.4 177.8 176.8 154.4 170.9 152.1 152.1 152.1
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Current Assets
Cash & Cash Equivalents 1,411.2 577.9 618.1 470.3 446.2 432.9 340.3 339.0 238.9 202.9 391.6 395.3 384.3 409.5 567.4 453.2 448.8 466.6 500.5 494.6 528.4 207.3
Short-Term Investments 0 0 26.0 33.5 33.4 37.8 40.7 24.7 62.8 115.9 123.9 122.2 103.5 0 0 0 0 0 0 0 0 0
Net Receivables 277.7 253.2 219.8 282.9 214.1 153.9 138.9 183.2 165.1 119.7 105.5 88.9 125.3 92.9 88.2 98.0 84.5 58.5 47.7 66.5 49.5 40.1
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets (543.5) 0 121.4 93.4 80.9 37.1 53.8 52.2 53.9 45.0 45.9 77.2 57.9 42.1 0 0 0 0 0 0 0 0
Total Current Assets 1,145.4 831.1 985.3 880.1 774.5 661.6 573.6 599.1 520.6 483.5 667.0 683.6 670.9 544.5 692.2 585.6 566.2 552.9 577.4 592.9 604.6 264.7
Non-Current Assets
Property, Plant & Equipment 70.9 71.3 74.4 77.1 76.3 75.0 72.8 70.5 65.8 61.9 57.6 53.6 44.7 43.0 41.7 40.0 39.1 38.2 39.8 38.4 38.0 37.0
Goodwill 32.1 32.1 32.1 32.1 34.2 34.8 34.8 34.8 34.8 34.8 34.8 34.8 34.8 34.8 32.0 30.6 30.6 29.3 29.3 29.3 29.3 29.3
Intangible Assets 4.5 4.5 4.5 4.5 4.5 4.5 4.5 5.2 5.2 5.3 5.3 5.3 5.4 5.5 5.6 5.6 5.7 5.8 5.9 6.0 5.3 5.3
Long-Term Investments 20.7 28.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets (12.0) 98.3 6.3 6.3 6.1 6.1 6.5 6.6 6.8 6.4 6.1 6.2 6.0 6.0 6.1 5.0 5.0 4.7 4.5 3.4 2.2 2.1
Total Non-Current Assets 116.2 234.6 117.3 120.0 121.1 120.4 118.7 117.1 112.6 108.3 103.8 99.9 90.8 89.3 85.4 81.2 80.4 78.0 79.5 77.2 74.7 73.8
Total Assets 1,261.6 1,065.8 1,102.6 1,000.1 895.6 782.1 692.3 716.3 633.2 591.9 770.8 783.5 761.8 633.9 777.5 666.8 646.6 630.9 656.9 670.1 679.3 338.5
Current Liabilities
Account Payables 656.0 474.6 406.7 361.4 308.7 242.5 225.8 249.0 223.9 170.1 228.8 228.5 208.5 171.9 192.1 188.8 171.4 17.4 145.3 151.1 148.3 128.3
Short-Term Debt 0 2.0 0 0 0 1.2 1.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 146.3 147.5 141.1 0 116.8 0 0 0 0 0 0 0
Other Current Liabilities 0 0 48.3 43.0 32.4 38.7 34.0 32.8 31.6 34.1 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 656.0 476.5 611.1 529.5 457.1 351.8 358.1 371.5 330.7 263.0 410.3 401.9 374.2 230.0 340.3 213.7 195.0 167.2 175.1 173.7 169.8 153.5
Non-Current Liabilities
Long-Term Debt 323.6 323.2 322.7 322.3 321.9 321.4 210.4 211.7 162.0 161.8 161.6 161.4 161.1 160.9 160.7 153.9 152.3 150.6 149.0 147.3 145.7 144.2
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 68.8 73.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Non-Current Liabilities 398.8 410.0 329.7 329.7 329.5 329.3 218.6 219.9 170.5 170.8 170.9 170.6 163.6 164.6 165.1 159.4 158.4 157.6 156.7 155.9 155.3 154.4
Total Liabilities 1,054.7 886.5 940.7 859.2 786.6 681.1 576.7 591.5 501.2 433.8 581.2 572.4 537.8 394.6 505.4 373.1 353.3 324.8 331.9 329.7 325.1 307.9
Stockholders' Equity
Common Stock 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Retained Earnings (997.6) (1,009.0) (998.0) (1,001.7) (1,017.4) (1,008.3) (977.2) (950.8) (926.8) (880.3) (833.0) (798.0) (769.5) (732.2) (675.3) (635.1) (623.5) (582.7) (527.0) (481.2) (436.4) (379.6)
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 206.9 179.3 161.9 141.0 108.1 99.9 114.5 123.7 130.9 156.9 188.5 210.0 222.8 238.1 272.1 293.7 293.3 306.0 325.1 340.4 354.3 30.6
Total Liabilities & Equity 1,261.6 1,065.8 1,102.6 1,000.1 895.6 782.1 692.3 716.3 633.2 591.9 770.8 783.5 761.8 633.9 777.5 666.8 646.6 630.9 656.9 670.1 679.3 338.5
Debt Metrics
Total Debt 330.0 338.1 329.7 329.7 329.5 329.3 220.2 219.9 170.5 170.8 170.9 170.6 163.6 164.6 165.1 159.4 158.4 157.6 156.7 155.9 155.3 154.4
Net Debt (1,081.2) (239.9) (288.4) (140.6) (116.7) (103.6) (120.1) (119.1) (68.4) (32.1) (220.7) (224.7) (220.6) (244.9) (402.3) (293.9) (290.5) (309.0) (343.8) (338.7) (373.1) (52.9)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income 11.4 (11.0) 3.7 15.7 (9.4) (31.1) (26.4) (24.0) (46.6) (47.2) (35.1) (28.5) (37.4) (57.0) (40.2) (11.6) (40.8) (47.8) (45.8) (44.8) (56.9) (32.1) 10.8 8.4 (10.1)
Depreciation & Amortization 7.9 7.8 8.0 7.0 7.6 6.8 7.7 6.5 6.0 5.9 5.6 5.3 5.0 4.8 4.5 4.2 4.0 4.1 4.1 4.0 3.8 4.2 4.0 3.6 3.7
Stock-Based Compensation 14.0 13.1 16.2 15.6 17.2 16.2 17.3 16.8 20.9 15.7 13.6 15.6 22.0 22.9 18.7 12.1 28.0 28.8 30.5 30.9 20.4 1.1 0.3 0.3 0.3
Change in Working Capital 94.8 (61.2) 8.5 (9.2) 0.7 (3.9) 27.2 24.2 13.5 (161.1) 22.9 45.3 94.8 (120.9) 132.1 2.7 (5.3) (17.7) 21.7 (15.8) (7.6) 14.4 8.7 (1.1) (18.7)
Other Non-Cash Items 0.6 0.9 108.1 0.1 0.5 3.3 0.5 0.0 (0.0) (0.7) (1.0) (0.5) 0.7 1.0 (9.9) 2.9 2.4 2.4 2.4 2.3 2.2 2.2 2.2 2.3 3.0
Operating Cash Flow 128.7 (50.4) 144.6 29.1 16.6 (8.7) 26.2 23.5 (6.2) (187.5) 6.0 37.2 85.1 (149.3) 105.1 10.4 (11.6) (30.1) 12.9 (23.4) (38.1) (10.1) 26.0 13.5 (21.8)
Investing Activities
Capital Expenditure (7.4) (16.3) 16.3 (8.0) (8.3) (9.3) (9.3) (11.7) (11.1) (10.6) (9.6) (8.6) (7.3) (6.5) (6.5) (5.9) (4.9) (3.0) (5.9) (5.0) (4.4) (4.7) (4.3) (3.6) (3.1)
Acquisitions 0 0 0 1.1 0 0 0.0 0 0 0 0 0 0 (1.6) (1.3) 0 (1.1) 0 0 0 0 0 0 0 0
Purchases of Investments (10.6) (20.4) (10.2) (17.1) (17.9) (6.7) (35.5) (18.4) (21.6) (97.5) (124.6) (52.7) (104.2) 0 (1.7) (0.2) (0.8) 0 (1.7) (0.1) (0.8) (0.2) (0.3) 0 (1)
Sales/Maturities of Investments 18.5 18.3 18.0 17.3 22.7 10.0 20.2 57.1 75.4 107.1 124.6 35.0 1.1 0 1.4 0.2 0.8 0 0.6 0.1 0.8 0.2 0.3 0 0.2
Other Investing Activities 0 11.2 (21.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.4) 0 0 0 0 0.1
Investing Cash Flow 0.6 (7.2) 2.3 (6.7) (3.5) (5.9) (24.6) 27.0 42.7 (1.0) (9.6) (26.2) (110.4) (8.1) (8.1) (5.9) (6.1) (3.0) (7.0) (6.4) (4.4) (4.7) (4.3) (3.6) (3.7)
Financing Activities
Net Debt Issuance 0 0 0 0 0 106.7 0 49.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 (0.3) 0 0 0 0 0 0 0 0 0 0 0 (1.5) 1.4 (0.3) (0.5) (0.5)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (1.7) 0 0 0 (0.0) 0.2 0 0 0.0 0.0 0 0.0 0.0 (0.5) 17.2 (0.1) 0 0 0 (3.5) (25.5) (1.5) 0 (0.4) (3)
Financing Cash Flow 0.5 15.3 0.9 1.6 0.2 106.9 0 49.5 (0.3) 0.0 0 0.0 0.0 (0.5) 17.2 (0.1) 0 0 0 (3.5) 363.7 (0.1) (0.3) (0.9) 131.5
Cash Position
Net Change in Cash 129.8 (42.2) 147.8 24.1 13.3 92.2 1.6 100.0 36.1 (188.4) (3.6) 11.0 (25.3) (157.9) 114.2 4.4 (17.8) (33.1) 5.9 (33.4) 321.1 (15.0) 21.4 9.0 105.9
Cash at Beginning 577.9 620.2 472.4 448.3 434.9 342.7 341.1 241.1 205.0 393.4 397.0 386.0 411.3 569.2 455.0 450.6 468.4 501.4 495.5 528.9 207.8 222.8 201.4 192.4 86.5
Cash at End 707.7 577.9 620.2 472.4 448.3 434.9 342.7 341.1 241.1 205.0 393.4 397.0 386.0 411.3 569.2 455.0 450.6 468.4 501.4 495.5 528.9 207.8 222.8 201.4 192.4
Free Cash Flow 121.3 (66.6) 160.8 21.1 8.4 (18.0) 16.9 11.8 (17.4) (198.1) (3.6) 28.6 77.8 (155.7) 98.6 4.5 (16.6) (33.1) 7.0 (28.5) (42.6) (14.9) 21.8 9.8 (24.9)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 1,235.2 1,012.8 993.7 1,015.3 926.9 701.2 692.4 681.3 628.6 465.4 456.7 462.4 439.2 361.8 360.3 366.5 345.5 298.3 293.5 309.0 267.1 242.4 247.9 244.3 224.6
Gross Profit 144.5 123.3 125.7 133.5 106.0 86.3 79.0 76.0 55.4 47.6 58.8 51.7 42.8 35.8 47.5 59.2 41.8 38.7 39.5 34.6 16.0 27.4 57.8 49.8 31.2
Operating Income 15.5 (10.3) 7.7 22.7 (5.4) (22.5) (19.5) (18.4) (41.1) (41.9) (29.8) (23.7) (32.5) (52.1) (33.4) (6.6) (36.5) (43.5) (41.5) (40.5) (52.7) (27.8) 15.1 12.6 (5.1)
Net Income 11.4 (11.0) 3.7 15.7 (9.1) (31.1) (26.4) (24.0) (46.5) (47.2) (35.0) (28.5) (37.3) (57.0) (40.2) (11.6) (40.8) (47.8) (45.8) (44.8) (56.9) (32.1) 10.8 8.4 (10.1)
EPS (Diluted) 0.05 -0.05 0.02 0.07 -0.05 -0.16 -0.14 -0.13 -0.25 -0.25 -0.19 -0.15 -0.20 -0.31 -0.22 -0.06 -0.23 -0.27 -0.26 -0.25 -0.37 -0.19 0.07 0.06 -0.07
Balance Sheet
Cash & Equivalents 1,411.2 577.9 618.1 470.3 446.2 432.9 340.3 339.0 238.9 202.9 391.6 395.3 384.3 409.5 567.4 453.2 448.8 466.6 500.5 494.6 528.4 207.3
Total Assets 1,261.6 1,065.8 1,102.6 1,000.1 895.6 782.1 692.3 716.3 633.2 591.9 770.8 783.5 761.8 633.9 777.5 666.8 646.6 630.9 656.9 670.1 679.3 338.5
Total Debt 330.0 338.1 329.7 329.7 329.5 329.3 220.2 219.9 170.5 170.8 170.9 170.6 163.6 164.6 165.1 159.4 158.4 157.6 156.7 155.9 155.3 154.4
Stockholders' Equity 206.9 179.3 161.9 141.0 108.1 99.9 114.5 123.7 130.9 156.9 188.5 210.0 222.8 238.1 272.1 293.7 293.3 306.0 325.1 340.4 354.3 30.6
Cash Flow
Operating Cash Flow 128.7 (50.4) 144.6 29.1 16.6 (8.7) 26.2 23.5 (6.2) (187.5) 6.0 37.2 85.1 (149.3) 105.1 10.4 (11.6) (30.1) 12.9 (23.4) (38.1) (10.1) 26.0 13.5 (21.8)
Capital Expenditure (7.4) (16.3) 16.3 (8.0) (8.3) (9.3) (9.3) (11.7) (11.1) (10.6) (9.6) (8.6) (7.3) (6.5) (6.5) (5.9) (4.9) (3.0) (5.9) (5.0) (4.4) (4.7) (4.3) (3.6) (3.1)
Free Cash Flow 121.3 (66.6) 160.8 21.1 8.4 (18.0) 16.9 11.8 (17.4) (198.1) (3.6) 28.6 77.8 (155.7) 98.6 4.5 (16.6) (33.1) 7.0 (28.5) (42.6) (14.9) 21.8 9.8 (24.9)