
Alignment Healthcare (ALHC) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income 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
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 2.7B | 1.8B | 1.4B | 1.2B | 959.2M |
Cost of Goods Sold | 2.4B | 1.6B | 1.2B | 1.0B | 793.0M |
Gross Profit | 296.7M | 201.0M | 184.3M | 128.7M | 166.2M |
Gross Margin % | 11.0% | 11.0% | 12.8% | 11.0% | 17.3% |
Operating Expenses | |||||
Research & Development | - | - | - | - | - |
Selling, General & Administrative | 371.4M | 307.4M | 295.6M | 291.0M | 156.4M |
Other Operating Expenses | - | - | - | - | - |
Total Operating Expenses | 371.4M | 307.4M | 295.6M | 291.0M | 156.4M |
Operating Income | -101.6M | -127.8M | -128.6M | -178.1M | -5.3M |
Operating Margin % | -3.8% | -7.0% | -9.0% | -15.2% | -0.5% |
Non-Operating Items | |||||
Interest Income | - | - | - | - | - |
Interest Expense | 23.5M | 21.2M | 18.3M | 17.4M | 16.9M |
Other Non-Operating Income | -2.9M | 853.0K | -2.4M | 229.0K | -732.0K |
Pre-tax Income | -128.0M | -148.2M | -149.3M | -195.3M | -22.9M |
Income Tax | 21.0K | -22.0K | 339.0K | 0 | 0 |
Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net Income | -128.1M | -148.2M | -149.6M | -195.3M | -22.9M |
Net Margin % | -4.7% | -8.1% | -10.4% | -16.7% | -2.4% |
Key Metrics | |||||
EBITDA | -74.4M | -105.3M | -111.3M | -161.8M | 9.5M |
EPS (Basic) | $-0.67 | $-0.79 | $-0.83 | $-1.14 | $-0.12 |
EPS (Diluted) | $-0.67 | $-0.79 | $-0.83 | $-1.14 | $-0.12 |
Basic Shares Outstanding | 190793552 | 186214784 | 181212757 | 171956849 | 187273782 |
Diluted Shares Outstanding | 190793552 | 186214784 | 181212757 | 171956849 | 187273782 |
Income Statement Trend
Alignment Healthcare Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 432.9M | 202.9M | 409.5M | 466.6M | 207.3M |
Short-term Investments | 37.8M | 115.9M | 0 | - | - |
Accounts Receivable | 153.9M | 119.7M | 92.9M | 58.5M | 40.1M |
Inventory | - | - | - | - | - |
Other Current Assets | 37.1M | 45.0M | 42.1M | 27.7M | 17.2M |
Total Current Assets | 661.6M | 483.5M | 544.5M | 552.9M | 264.7M |
Non-Current Assets | |||||
Property, Plant & Equipment | 7.8M | 10.0M | 5.8M | 7.9M | 9.9M |
Goodwill | 74.2M | 74.9M | 75.1M | 64.4M | 63.9M |
Intangible Assets | 4.6M | 5.3M | 5.5M | 5.8M | 5.3M |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | 6.1M | 6.4M | 6.0M | 4.7M | 2.1M |
Total Non-Current Assets | 120.4M | 108.3M | 89.3M | 78.0M | 73.8M |
Total Assets | 782.1M | 591.9M | 633.9M | 630.9M | 338.5M |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 242.5M | 170.1M | 171.9M | 17.4M | 128.3M |
Short-term Debt | - | - | - | - | - |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | - | - | - | - | - |
Total Current Liabilities | 351.8M | 263.0M | 230.0M | 167.2M | 153.5M |
Non-Current Liabilities | |||||
Long-term Debt | 329.3M | 170.8M | 164.6M | 157.6M | 154.4M |
Deferred Tax Liabilities | - | - | - | - | - |
Other Non-Current Liabilities | - | - | - | - | - |
Total Non-Current Liabilities | 329.3M | 170.8M | 164.6M | 157.6M | 154.4M |
Total Liabilities | 681.1M | 433.8M | 394.6M | 324.8M | 307.9M |
Equity | |||||
Common Stock | 192.0K | 189.0K | 187.0K | 187.0K | 164.0K |
Retained Earnings | -1.0B | -880.3M | -732.2M | -582.7M | -379.6M |
Treasury Stock | - | - | - | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 101.0M | 158.1M | 239.3M | 306.1M | 30.6M |
Key Metrics | |||||
Total Debt | 329.3M | 170.8M | 164.6M | 157.6M | 154.4M |
Working Capital | 309.8M | 220.5M | 314.6M | 385.6M | 111.2M |
Balance Sheet Composition
Alignment Healthcare Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | -128.1M | -148.2M | -149.6M | -195.3M | -22.9M |
Depreciation & Amortization | 27.1M | 21.7M | 17.5M | 16.0M | 15.5M |
Stock-Based Compensation | 71.1M | 66.8M | 81.7M | 110.6M | 2.1M |
Working Capital Changes | -37.2M | -36.9M | -21.3M | -21.6M | 8.8M |
Operating Cash Flow | -64.0M | -98.0M | -64.2M | -81.1M | 12.0M |
Investing Activities | |||||
Capital Expenditures | -41.4M | -36.0M | -23.8M | -18.4M | -15.6M |
Acquisitions | 0 | 0 | -4.0M | 0 | 0 |
Investment Purchases | -82.2M | -379.1M | -2.8M | -2.5M | -1.6M |
Investment Sales | 162.8M | 267.8M | 2.4M | 1.4M | 825.0K |
Investing Cash Flow | 39.2M | -147.3M | -28.2M | -20.8M | -16.4M |
Financing Activities | |||||
Share Repurchases | - | 0 | 0 | -1.5M | -1.5M |
Dividends Paid | - | - | - | - | - |
Debt Issuance | 380.0M | 0 | 165.0M | 0 | 0 |
Debt Repayment | -215.0M | 0 | -143.2M | 0 | 0 |
Financing Cash Flow | 155.9M | 105.0K | 16.6M | 360.1M | 130.1M |
Free Cash Flow | -6.6M | -95.2M | -69.2M | -97.1M | -8.1M |
Net Change in Cash | 131.0M | -245.1M | -75.8M | 258.3M | 125.7M |
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
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
alhc | 3.4B | -24.81 | 23.34 | -38.53% | -1.53% | 233.85 |
UnitedHealth | 326.2B | 15.59 | 3.44 | 21.65% | 5.04% | 75.58 |
CVS Health | 98.8B | 21.58 | 1.27 | 5.88% | 1.18% | 106.67 |
Oscar Health | 5.7B | 34.55 | 4.83 | -13.96% | -1.50% | 30.76 |
Cigna | 83.0B | 17.06 | 2.06 | 13.18% | 1.92% | 76.10 |
Elevance Health | 78.9B | 14.86 | 1.80 | 12.42% | 2.83% | 68.84 |
Financial data is updated regularly. All figures are in the company's reporting currency.