Alignment Healthcare Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q