7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 32.7% per year over the past 5 years.
Operating margin has been roughly flat, at 0.4% in the latest year.
Financial health
The company holds more cash ($576M) than total debt ($323M).
Total debt has grown slower than revenue (17.5% vs 32.7% per year).
Operating income covered interest expense 0.9× in the latest year.
Total debt is 7.2× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$3.9B
-$724000
0.0%
0.4%
$113M
$323M
$576M
2024
$2.7B
-$128M
0.0%
-3.8%
-$7M
$321M
$433M
2023
$1.8B
-$148M
0.0%
-7.0%
-$95M
$162M
$203M
2022
$1.4B
-$150M
0.0%
-9.0%
-$69M
$161M
$410M
2021
$1.2B
-$195M
0.0%
-15.2%
—
$151M
$467M
2020
$959M
-$23M
0.0%
-0.5%
—
$144M
$207M
2019
$757M
-$45M
0.0%
-3.9%
—
—
$86M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.2B
$11M
0.0%
1.3%
$121M
$324M
$706M
Dec '25
$1.0B
-$11M
0.0%
-1.0%
-$55M
$323M
$576M
Sep '25
$994M
$4M
0.0%
0.8%
$139M
$323M
$618M
Jun '25
$1.0B
$16M
0.0%
2.2%
$21M
$322M
$470M
Mar '25
$927M
-$9M
0.0%
-0.6%
$8M
$322M
$446M
Dec '24
$701M
-$31M
0.0%
-3.2%
-$18M
$321M
$433M
Sep '24
$692M
-$26M
0.0%
-2.8%
$17M
$212M
$340M
Jun '24
$681M
-$24M
0.0%
-2.7%
$12M
$212M
$339M
Mar '24
$629M
-$47M
0.0%
-6.5%
-$17M
$162M
$239M
Dec '23
$465M
-$47M
0.0%
-9.0%
-$198M
$162M
$203M
Sep '23
$457M
-$35M
0.0%
-6.5%
-$4M
$162M
$392M
Jun '23
$462M
-$28M
0.0%
-5.1%
$29M
$161M
$395M
Mar '23
$439M
-$37M
0.0%
-7.4%
$78M
$161M
$384M
Dec '22
$362M
-$57M
0.0%
-14.4%
—
$161M
$410M
Sep '22
$360M
-$40M
0.0%
-9.3%
—
$161M
$567M
Jun '22
$366M
-$12M
0.0%
-1.8%
—
$154M
$453M
Mar '22
$346M
-$41M
0.0%
-10.6%
—
$152M
$449M
Dec '21
$298M
-$48M
0.0%
-14.6%
—
$151M
$467M
Sep '21
$293M
-$46M
0.0%
-14.1%
—
$149M
$500M
Jun '21
$309M
-$45M
0.0%
-13.1%
—
$147M
$495M
Valuation over time
How the market has priced ALHC against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 0.9× (Mar '23) to 1.2× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is ALHC growing its revenue and profit?
Over the past 5 years, Alignment Healthcare, Inc.'s revenue has grown 32.7% per year. These are computed facts, not advice.
How much debt does ALHC have?
As of FY2025, Alignment Healthcare, Inc. reported $323M of total debt against $576M of cash; operating income covered interest expense 0.9×.
What is ALHC's profit margin?
In FY2025, gross margin was —, operating margin 0.4%, and net margin -0.0%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.