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Alignment Healthcare, Inc. (ALHC)

Alignment Healthcare, Inc. brought in $4.9B of revenue over the twelve months to September 30, 2026, up 35.9% from a year earlier. Net income was $28.9M, a net margin of 0.6%. Operating cash flow minus capital spending left $113.1M of free cash flow in fiscal 2025. At September 30, 2026 it held $727.7M in cash against $324.5M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.

Free, no password. An email when ALHC files with the SEC.

Price
$7.67
+5.50% on the day · November 10, 2026
52-week range $6.01 to $25.12
Market cap
$1.6B
Revenue (last 12 months)
$4.9B
+35.9% year on year
Net margin
0.6%

Key facts about Alignment Healthcare, Inc.

Net worth
Alignment Healthcare, Inc. has a market value (market cap) of $1.6B at the latest share price, and shareholders' equity of $277.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $3.9B (+46.1% year on year), with a net loss of $724K. Over the 12 months to September 30, 2026: revenue $4.9B, net income $28.9M.
Cash flow
In fiscal 2025 operations brought in $139.9M of cash; after $26.8M of capital spending, free cash flow was $113.1M.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Alignment Healthcare, Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Alignment Healthcare, Inc. does

Alignment Healthcare, Inc. is registered with the SEC under industry code SIC 6324 (Hospital & Medical Service Plans). Its shares trade on NASDAQ under the ticker ALHC.

Revenue and profit by year

Revenue
FY19: $757M $757M FY19FY21: $959.2M $959.2M FY21FY21: $1.2B $1.2B FY21FY22: $1.4B $1.4B FY22FY23: $1.8B $1.8B FY23FY24: $2.7B $2.7B FY24FY25: $3.9B $3.9B FY25
Net income
FY19: -$44.7M -$44.7M FY19FY21: -$22.9M -$22.9M FY21FY21: -$195.3M -$195.3M FY21FY22: -$149.5M -$149.5M FY22FY23: -$148M -$148M FY23FY24: -$128M -$128M FY24FY25: -$724K -$724K FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$3.9B$14.8M-$724K$0.00$113.1M
2024$2.7B-$101.6M-$128M-$0.67-$6.6M
2023$1.8B-$127.8M-$148M-$0.79-$95.2M
2022$1.4B-$128.6M-$149.5M-$0.83-$69.2M
2021$1.2B-$178.1M-$195.3M-$1.14n/a
2021$959.2M-$5.3M-$22.9M-$0.15n/a

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around February 25, 2027.

Estimated from its filing rhythm: 52 weeks after its report of February 26, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where ALHC ranks in Health care

Revenue$3.9B
#78 of 751 in Health care · Top 10%
Revenue growth+46.1%
#102 of 532 in Health care · Top 19%
Net margin-0.0%
#219 of 544 in Health care · Top 40%
Free cash flow margin2.9%
#211 of 490 in Health care · Top 43%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Alignment Healthcare, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 5, 2026
  2. October 29, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 37% to $1.4B versus the same quarter last year; diluted EPS -$0.04 versus $0.02.
  3. October 29, 2026
  4. October 8, 2026
  5. October 5, 2026
  6. August 13, 2026
  7. July 31, 2026
  8. July 30, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 32% to $1.3B versus the same quarter last year; diluted EPS $0.17 versus $0.07.
  9. July 30, 2026
  10. July 27, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on November 9, 2026. Insider transactions on SEC

What is ALHC worth? A DCF from its reported cash flow

Insider trades

What the people running Alignment Healthcare, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $9.6M worth of shares in the last 90 days and bought none on the open market. Most of the selling (79%) was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$0
last 90 days
Sold
$9.6M
last 90 days
Net sold
768,967
$9.6M
DateInsiderWhatSharesPriceValueFiling
October 6, 2026 Kim HyongChief Medical Officer Sold 32,479 $8.30 $269.6K Form 4
September 17, 2026 Konowiecki Joseph SEVP, Corporate Affairs, Director Sold 23,511 $8.61 $202.4K Form 4
September 14, 2026 Kao John EChief Executive Officer, Director Soldpre-planned (10b5-1), indirect 27,400 $13.00 $356.2K Form 4
September 11, 2026 Kao John EChief Executive Officer, Director Soldpre-planned (10b5-1) 385,270 $12.68 $4.9M Form 4
September 11, 2026 Maroney Dawn ChristinePresident Sold 122,707 $12.68 $1.6M Form 4
September 10, 2026 Kao John EChief Executive Officer, Director Soldpre-planned (10b5-1), indirect 172,600 $12.96 $2.2M Form 4
August 14, 2026 Maroney Dawn ChristinePresident Soldpre-planned (10b5-1) 5,000 $14.00 $70K Form 4
August 10, 2026 Kao John EChief Executive Officer, Director Soldpre-planned (10b5-1), indirect 298,000 $13.88 $4.1M Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns ALHC

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Wellington Management Group LLP13G, passive with 3 related filers 8.4% 17,098,936 May 15, 2026
Fmr LLC13G, passive with 1 related filers 7.7% 14,792,082 February 5, 2026
Qatar Investment Authority13G, passive with 1 related filers 6.69% 13,246,096 September 24, 2025
T. Rowe Price Investment Management, Inc.13G, passive 6.2% 12,331,720 August 14, 2025
Vanguard Portfolio Management13G, passive 5.74% 11,874,585 July 31, 2026
Warburg Pincus LLC13G, passive with 12 related filers 5.28% 10,122,779 November 14, 2024

Latest filings below 5%: General Atlantic, L.P. 0.1% (May 15, 2026); The Vanguard Group 0% (March 26, 2026); Kenneth Griffin 3.4% (November 14, 2025); Warburg Pincus Private Equity XII, L.P. 0% (February 14, 2025); Deerfield Mgmt, L.P. 3.81% (February 13, 2025).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

21 insiders reported holding 33,955,070 shares in total, about $260.4M at the last price.

HolderSharesAs of
General Atlantic (ALN HLTH), L.P.10% owner 13,476,58513,476,585 held indirectly December 12, 2025
General Atlantic, L.P.10% owner 13,476,58513,476,585 held indirectly December 12, 2025
Kao John EChief Executive Officer, Director 1,814,239590,766 held indirectly September 14, 2026
Konowiecki Joseph SEVP, Corporate Affairs, Director 1,080,305 September 17, 2026
Maroney Dawn ChristinePresident 794,606 September 11, 2026
Scavo Robert L.Chief Information Officer 487,685 March 18, 2026
McClellan Mark B.Director 370,531 March 13, 2026
Joyce Christopher JChief Legal and Admin. Officer 305,451 April 1, 2026
Kosecoff Jacqueline BDirector 303,963 March 13, 2026
Kim HyongChief Medical Officer 299,271 October 6, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about ALHC

What does Alignment Healthcare, Inc. do?

Alignment Healthcare, Inc. is a company in the Health care sector, listed on NASDAQ as ALHC. Its shares trade on NASDAQ under the ticker ALHC.

What is Alignment Healthcare, Inc.'s net worth?

Alignment Healthcare, Inc. has a market value (market cap) of $1.6B at the latest share price, and shareholders' equity of $277.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Alignment Healthcare, Inc. profitable?

Yes. Over the twelve months to September 30, 2026 it reported net income of $28.9M on revenue of $4.9B, a net margin of 0.6%.

How much revenue does Alignment Healthcare, Inc. make?

Over the twelve months to September 30, 2026 Alignment Healthcare, Inc. reported revenue of $4.9B. That is 35.9% more than a year earlier.

When did Alignment Healthcare, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the planned insider sale from November 9, 2026.

When is Alignment Healthcare, Inc.'s next earnings report?

Alignment Healthcare, Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Alignment Healthcare, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.