Alignment Healthcare (ALHC) Cost of Revenue (2020 - 2026)
Alignment Healthcare (ALHC) posted Cost of Revenue of $1.15 billion for Q2 2026, up 31.0% from $881.74 million a year earlier and up 5.9% from the prior quarter.
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Analysis
Alignment Healthcare (ALHC) Cost of Revenue (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Alignment Healthcare was $4 billion, up 36.6% year-over-year; for FY2025, it was $3.46 billion, up 43.8% from FY2024.
- Annual Cost of Revenue has increased for six consecutive years, with a five-year compound annual growth rate of 34.3% (FY2020 to FY2025).
- In prior years, Alignment Healthcare's Cost of Revenue was $2.41 billion in FY2024 (+48.3%), $1.62 billion in FY2023 (+29.8%), $1.25 billion in FY2022 (+20.3%) and $1.04 billion in FY2021 (+31.0%).
- The Q2 2026 figure stands as the highest quarterly Cost of Revenue in data going back to Q1 2020.
- On a year-over-year basis, Cost of Revenue has increased in each of the last 22 quarters, with growth averaging 42.5% over the last eight quarters.
- The year-over-year growth in Cost of Revenue has ranged between 12.0% (Q2 2022) and 54.2% (Q3 2024) over the last five years.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $1.09 billion (Q1 2026), $889.49 million (Q4 2025) and $868.02 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 336.54 Bn | 221.18 Bn | 36.67 Bn | 75.36 Bn |
| 2 | Cvs Health | 110.50 Bn | 63.10 Bn | 47.23 Bn | 58.86 Bn |
| 3 | Mckesson | 105.27 Bn | 91.73 Bn | 3.69 Bn | 101.70 Bn |
| 4 | Elevance Health | 83.85 Bn | -57.90 Bn | 13.45 Bn | 37.02 Bn |
| 5 | Cigna | 71.48 Bn | 41.02 Bn | 14.97 Bn | 56.70 Bn |
| 6 | Cencora | 58.97 Bn | 48.06 Bn | 3.61 Bn | 81.15 Bn |
| 7 | Cardinal Health | 53.10 Bn | 37.10 Bn | 2.56 Bn | 61.11 Bn |
| 8 | Humana | 46.62 Bn | -41.18 Bn | 5.50 Bn | 35.37 Bn |
| 9 | Centene | 31.12 Bn | -59.17 Bn | 14.55 Bn | 39.03 Bn |
| 10 | Alignment Healthcare | 1.64 Bn | -1.03 Bn | 180.96 Mn | 1.15 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.15 Bn |
| Mar 31, 2026 | 1.09 Bn |
| Dec 31, 2025 | 889.49 Mn |
| Sep 30, 2025 | 868.02 Mn |
| Jun 30, 2025 | 881.74 Mn |
| Mar 31, 2025 | 820.90 Mn |
| Dec 31, 2024 | 614.90 Mn |
| Sep 30, 2024 | 613.44 Mn |
| Jun 30, 2024 | 605.31 Mn |
| Mar 31, 2024 | 573.22 Mn |
| Dec 31, 2023 | 417.76 Mn |
| Sep 30, 2023 | 397.88 Mn |
| Jun 30, 2023 | 410.64 Mn |
| Mar 31, 2023 | 396.32 Mn |
| Dec 31, 2022 | 326.00 Mn |
| Sep 30, 2022 | 312.85 Mn |
| Jun 30, 2022 | 307.27 Mn |
| Mar 31, 2022 | 303.76 Mn |
| Dec 31, 2021 | 259.57 Mn |
| Sep 30, 2021 | 253.99 Mn |
API Access
Alignment Healthcare Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ALHC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ALHC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ALHC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();