GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
A

Alignment Healthcare ALHC · USD

N/A · US listing · 🇺🇸 United States

Compare

7.27

-0.95%

Close of 9 Nov 2026, in USD

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$3.95bn

FY2019FY2025

Net income

−$724,000

FY2019FY2025

Free cash flow

$113.1m

FY2019FY2025

Shareholders' equity

$179.3m

FY2019FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue$3.95bn$2.70bn$1.82bn$1.43bn$1.17bn$959.2m$757.0m
Gross profit$488.6m$296.7m$201.0m$184.3m$128.7m$166.2m$95.6m
Operating income$14.8m−$104.5m−$127.0m−$131.0m−$177.8m−$5.3m−$29.8m
Net income−$724,000−$128.0m−$148.0m−$149.5m−$195.3m−$22.9m−$44.7m
Diluted earnings per share-0.00-0.67-0.79-0.82-1.09-0.13-0.29

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Total assets$1.07bn$782.1m$591.9m$633.9m$630.9m$338.5m$193.4m
Cash and short-term investments$604.2m$470.6m$318.8m$409.5m$466.6m$207.3m$86.5m
Total liabilities$886.5m$681.1m$433.8m$394.6m$324.8m$307.9m$272.2m
Debt$323.4m$321.4m$161.9m$161.2m$151.1m$144.7m$138.0m
Shareholders' equity$179.3m$99.9m$156.9m$238.1m$306.0m$30.6m−$78.7m
Shares outstanding201m192m188m183m178m171m152m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash from operations$139.9m$34.8m−$59.2m−$45.4m−$78.8m$7.6m$9.2m
Capital spending−$26.8m−$41.4m−$36.0m−$23.8m−$18.4m−$15.7m−$10.2m
Free cash flow$113.1m−$6.6m−$95.2m−$69.2m−$97.1m−$8.1m−$1.0m
Dividends paid——————−$54.1m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$1.34bn$1.24bn$1.01bn$993.7m$1.02bn$926.9m$701.2m$692.4m
Gross profit$181.0m$144.5m$123.3m$125.7m$133.5m$106.0m$86.3m$79.0m
Operating income$42.1m$15.5m−$10.3m$7.7m$22.7m−$5.4m−$25.6m−$19.5m
Net income$36.6m$11.4m−$11.0m$3.7m$15.7m−$9.1m−$31.1m−$26.4m
Diluted earnings per share0.170.05-0.050.020.08-0.05-0.16-0.14
Cash from operations−$17.0m$128.0m−$50.0m$144.0m$29.0m$16.0m−$8.0m$26.0m
Capital spending−$7.0m−$7.0m−$16.0m−$16.0m−$8.0m−$8.0m−$9.0m−$9.0m
Free cash flow−$24.0m$121.0m−$66.0m$128.0m$21.0m$8.0m−$17.0m$17.0m
Total assets$1.28bn$1.26bn$1.07bn$1.10bn$1.00bn$895.6m$782.1m$692.3m
Cash and short-term investments$701.7m$726.3m$604.2m$644.1m$503.8m$479.5m$470.6m$381.0m
Debt$324.1m$323.6m$325.1m$322.7m$322.3m$321.9m$322.6m$212.0m
Shareholders' equity$265.1m$206.9m$179.3m$161.9m$141.0m$108.1m$99.9m$114.5m

Financial ratios

Data as of 21 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin12.4%11.0%11.0%12.8%11.0%17.3%
Operating margin0.4%-3.9%-7.0%-9.1%-15.2%-0.6%
Net margin-0.0%-4.7%-8.1%-10.4%-16.7%-2.4%
Return on equity-0.4%-128.2%-94.3%-62.8%-63.8%-74.9%
Return on assets-0.1%-16.4%-25.0%-23.6%-31.0%-6.8%
Free cash flow yield9.7%4.6%-1.4%-1.4%-4.0%1.6%
Revenue growth46.1%48.3%27.2%22.8%21.7%26.7%
Earnings growth-99.4%-13.5%-1.0%-23.4%751.8%-48.7%
Current ratio1.71x1.88x1.84x2.37x3.31x1.72x
Debt to equity1.81x3.23x1.04x0.69x0.50x4.82x
Equity ratio16.8%12.8%26.5%37.6%48.5%9.0%
Interest coverage0.94x-4.44x-5.98x-7.16x-10.20x-0.35x
Buybacks as a share of market value-4.7%-1.9%-3.2%-2.3%-4.4%-12.3%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue40.6%33.1%—
Net income-83.1%-49.9%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin11.8%11.8%12.2%—
Operating margin-1.3%-3.5%-4.4%—
Net margin-1.9%-4.3%-5.4%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021
Price to earnings-5482.3-16.9-10.9-14.3-12.8
Price to sales1.00.80.91.52.2

Market value over time

31 Mar 2021 to 20 Oct 2026, in USD

$3.39bn$1.83bn

Share price return

Finished calendar years

20252024202320222021
Return90%30%-28%-7%-29%

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.