Alignment Healthcare, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 11/22/24 | FY 12/31/23 | FY 12/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $3.9B | $2.7B | — | $1.8B | $1.4B |
| Selling, general & administrative | $443.4M | $371.4M | — | $307.4M | $295.6M |
| Operating expenses | $3.9B | $2.8B | — | $2.0B | $1.6B |
| Operating income | $14.8M | -$101.6M | — | -$127.8M | -$128.6M |
| Interest expense | $15.8M | $23.5M | — | $21.2M | $18.3M |
| Pretax income | -$958,000 | -$128.1M | — | -$148.2M | -$149.3M |
| Income tax expense | $20,000 | $21,000 | — | -$22,000 | $339,000 |
| Net income | -$724,000 | -$128.0M | — | -$148.0M | -$149.5M |
| Balance Sheet | |||||
| Cash and equivalents | $575.8M | $432.9M | — | $202.9M | $409.5M |
| Current assets | $951.6M | $661.6M | — | $483.5M | $544.5M |
| Total assets | $1.1B | $782.1M | — | $591.9M | $633.9M |
| Current liabilities | $556.9M | $351.8M | — | $263.0M | $230.0M |
| Total liabilities | $886.5M | $681.1M | — | $433.8M | $394.6M |
| Total debt | $330.0M | $330.0M | $330.0M | $165.0M | $165.0M |
| Stockholders' equity | $179.3M | $99.9M | — | $156.9M | $238.1M |
| Cash Flow Statement | |||||
| Cash from operations | $139.9M | $34.8M | — | -$59.2M | -$45.4M |
| Depreciation and amortization | $30.4M | $26.9M | — | $21.4M | $17.3M |
| Stock-based compensation | $62.1M | $71.1M | — | $66.8M | $81.7M |
| Capital expenditure | $26.8M | $41.4M | — | $36.0M | $23.8M |
| Free cash flow | $113.1M | -$6.6M | — | -$95.2M | -$69.2M |
| Share repurchases | — | — | — | $0 | $0 |
| Impairments | — | — | — | $0 | $0 |
Shares outstanding 206.7M · Free float 88.5%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.