TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 926.9M
Gross Profit 106.0M 11.44%
Operating Income -5.4M -0.58%
Net Income -9.4M -1.01%
EPS (Diluted) $-0.05

Balance Sheet Metrics

Total Assets 895.6M
Total Liabilities 786.6M
Shareholders Equity 109.0M
Debt to Equity 7.22

Cash Flow Metrics

Operating Cash Flow -38.6M
Free Cash Flow 8.4M

Revenue & Profitability Trend

Alignment Healthcare Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i2.7B1.8B1.4B1.2B959.2M
Cost of Goods Sold i2.4B1.6B1.2B1.0B793.0M
Gross Profit i296.7M201.0M184.3M128.7M166.2M
Gross Margin % i11.0%11.0%12.8%11.0%17.3%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i371.4M307.4M295.6M291.0M156.4M
Other Operating Expenses i-----
Total Operating Expenses i371.4M307.4M295.6M291.0M156.4M
Operating Income i-101.6M-127.8M-128.6M-178.1M-5.3M
Operating Margin % i-3.8%-7.0%-9.0%-15.2%-0.5%
Non-Operating Items
Interest Income i-----
Interest Expense i23.5M21.2M18.3M17.4M16.9M
Other Non-Operating Income-2.9M853.0K-2.4M229.0K-732.0K
Pre-tax Income i-128.0M-148.2M-149.3M-195.3M-22.9M
Income Tax i21.0K-22.0K339.0K00
Effective Tax Rate % i0.0%0.0%0.0%0.0%0.0%
Net Income i-128.1M-148.2M-149.6M-195.3M-22.9M
Net Margin % i-4.7%-8.1%-10.4%-16.7%-2.4%
Key Metrics
EBITDA i-74.4M-105.3M-111.3M-161.8M9.5M
EPS (Basic) i$-0.67$-0.79$-0.83$-1.14$-0.12
EPS (Diluted) i$-0.67$-0.79$-0.83$-1.14$-0.12
Basic Shares Outstanding i190793552186214784181212757171956849187273782
Diluted Shares Outstanding i190793552186214784181212757171956849187273782

Income Statement Trend

Alignment Healthcare Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i432.9M202.9M409.5M466.6M207.3M
Short-term Investments i37.8M115.9M0--
Accounts Receivable i153.9M119.7M92.9M58.5M40.1M
Inventory i-----
Other Current Assets37.1M45.0M42.1M27.7M17.2M
Total Current Assets i661.6M483.5M544.5M552.9M264.7M
Non-Current Assets
Property, Plant & Equipment i7.8M10.0M5.8M7.9M9.9M
Goodwill i74.2M74.9M75.1M64.4M63.9M
Intangible Assets i4.6M5.3M5.5M5.8M5.3M
Long-term Investments-----
Other Non-Current Assets6.1M6.4M6.0M4.7M2.1M
Total Non-Current Assets i120.4M108.3M89.3M78.0M73.8M
Total Assets i782.1M591.9M633.9M630.9M338.5M
Liabilities
Current Liabilities
Accounts Payable i242.5M170.1M171.9M17.4M128.3M
Short-term Debt i-----
Current Portion of Long-term Debt-----
Other Current Liabilities-----
Total Current Liabilities i351.8M263.0M230.0M167.2M153.5M
Non-Current Liabilities
Long-term Debt i329.3M170.8M164.6M157.6M154.4M
Deferred Tax Liabilities i-----
Other Non-Current Liabilities-----
Total Non-Current Liabilities i329.3M170.8M164.6M157.6M154.4M
Total Liabilities i681.1M433.8M394.6M324.8M307.9M
Equity
Common Stock i192.0K189.0K187.0K187.0K164.0K
Retained Earnings i-1.0B-880.3M-732.2M-582.7M-379.6M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i101.0M158.1M239.3M306.1M30.6M
Key Metrics
Total Debt i329.3M170.8M164.6M157.6M154.4M
Working Capital i309.8M220.5M314.6M385.6M111.2M

Balance Sheet Composition

Alignment Healthcare Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i-128.1M-148.2M-149.6M-195.3M-22.9M
Depreciation & Amortization i27.1M21.7M17.5M16.0M15.5M
Stock-Based Compensation i71.1M66.8M81.7M110.6M2.1M
Working Capital Changes i-37.2M-36.9M-21.3M-21.6M8.8M
Operating Cash Flow i-64.0M-98.0M-64.2M-81.1M12.0M
Investing Activities
Capital Expenditures i-41.4M-36.0M-23.8M-18.4M-15.6M
Acquisitions i00-4.0M00
Investment Purchases i-82.2M-379.1M-2.8M-2.5M-1.6M
Investment Sales i162.8M267.8M2.4M1.4M825.0K
Investing Cash Flow i39.2M-147.3M-28.2M-20.8M-16.4M
Financing Activities
Share Repurchases i-00-1.5M-1.5M
Dividends Paid i-----
Debt Issuance i380.0M0165.0M00
Debt Repayment i-215.0M0-143.2M00
Financing Cash Flow i155.9M105.0K16.6M360.1M130.1M
Free Cash Flow i-6.6M-95.2M-69.2M-97.1M-8.1M
Net Change in Cash i131.0M-245.1M-75.8M258.3M125.7M

Cash Flow Trend

Alignment Healthcare Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) -24.81
Forward P/E -32.59
Price to Book 23.34
Price to Sales 0.99
PEG Ratio 0.15

Profitability Ratios

Profit Margin -1.53%
Operating Margin 2.30%
Return on Equity -38.53%
Return on Assets -1.50%

Financial Health

Current Ratio 1.66
Debt to Equity 233.85
Beta 1.18

Per Share Data

EPS (TTM) $-0.27
Book Value per Share $0.71
Revenue per Share $17.21

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
alhc3.4B-24.8123.34-38.53%-1.53%233.85
UnitedHealth 326.2B15.593.4421.65%5.04%75.58
CVS Health 98.8B21.581.275.88%1.18%106.67
Oscar Health 5.7B34.554.83-13.96%-1.50%30.76
Cigna 83.0B17.062.0613.18%1.92%76.10
Elevance Health 78.9B14.861.8012.42%2.83%68.84

Financial data is updated regularly. All figures are in the company's reporting currency.