Alignment Healthcare Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,257	3,949	2,704	1,824	1,434	1,168
Revenue Growth (YoY)	41.81%	46.06%	48.25%	27.16%	22.81%	21.74%
Cost of Revenue	3,730	3,460	2,407	1,623	1,250	1,039
Gross Profit	527.01	488.56	296.69	201.03	184.28	128.73
Selling, General & Admin	460.71	443.41	371.37	307.43	295.65	290.99
Other Operating Expenses	30.65	30.4	26.87	21.41	17.27	15.81
Total Operating Expenses	491.36	473.81	398.25	328.85	312.92	306.8
Operating Income	35.65	14.75	-101.56	-127.82	-128.64	-178.07
Interest Expense	-15.91	-15.8	-23.55	-21.23	-18.29	-17.44
Total Non-Operating Income (Expense)	-15.83	-15.71	-26.5	-20.38	-20.66	-17.21
Pretax Income	19.82	-0.96	-128.05	-148.2	-149.3	-195.29
Provision for Income Taxes	0.02	0.02	0.02	-0.02	0.34	-
Net Income	19.81	-0.72	-128.04	-148.02	-149.55	-195.29
Minority Interest in Earnings	-0.01	0.25	0.04	0.16	-0.09	-
Net Income to Common	19.81	-0.72	-128.04	-148.02	-149.55	-195.29
Shares Outstanding (Basic)	201	198	191	186	181	172
Shares Outstanding (Diluted)	208	198	191	186	181	172
Shares Change (YoY)	8.44%	3.78%	2.46%	2.76%	5.38%	13.03%
EPS (Basic)	0.11	-	-0.67	-0.79	-0.83	-1.14
EPS (Diluted)	0.09	-	-0.67	-0.79	-0.83	-1.14
Shares Outstanding	206.67	204.15	191.78	188.95	187.28	187.19
Free Cash Flow	219.85	113.15	-6.65	-95.18	-69.2	-97.14
Free Cash Flow Growth	94.31%	-	-	-	-	-
Free Cash Flow Per Share	1.06	0.57	-0.03	-0.51	-0.38	-0.56
Gross Margin	12.38%	12.37%	10.97%	11.02%	12.85%	11.02%
Operating Margin	0.84%	0.37%	-3.76%	-7.01%	-8.97%	-15.25%
Profit Margin	0.46%	-0.02%	-4.74%	-8.13%	-10.43%	-16.72%
FCF Margin	5.16%	2.87%	-0.25%	-5.22%	-4.83%	-8.32%
EBITDA	66.37	45.23	-74.49	-106.15	-111.15	-162.04
EBITDA Margin	1.56%	1.15%	-2.76%	-5.82%	-7.75%	-13.88%
EBIT	35.65	14.75	-101.56	-127.82	-128.64	-178.07
EBIT Margin	0.84%	0.37%	-3.76%	-7.01%	-8.97%	-15.25%
Effective Tax Rate	0.12%	-2.09%	-0.02%	0.01%	-0.23%	0.00%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q