Alignment Healthcare (ALHC) Cost of Revenue (2020 - 2026)

Alignment Healthcare (ALHC) posted Cost of Revenue of $1.1 billion for Q1 2026, up 22.62% on a QoQ basis from $889.5 million in Q4 2025, and up 32.87% year-over-year from $820.9 million in Q1 2025.

Alignment Healthcare (ALHC) Cost of Revenue (2020 - 2026) Analysis & Trends

Alignment Healthcare's Cost of Revenue history runs 7 years deep, the most recent figure standing at $1.1 billion for Q1 2026.

  • Quarterly Cost of Revenue rose 32.87% year-over-year to $1.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.7 billion (up 40.51% YoY) and the FY2025 annual result came in at $3.5 billion, up 43.76% from the prior year.
  • Cost of Revenue was $1.1 billion for Q1 2026 at Alignment Healthcare, up from $889.5 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $1.1 billion in Q1 2026 and bottomed at $303.8 million in Q1 2022.
  • A 5-year average of $578.2 million and a median of $573.2 million in 2024 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2022 — Cost of Revenue grew 11.98% — and 2024, when it jumped 54.18%.
  • Alignment Healthcare's Cost of Revenue stood at $326.0 million in 2022, then advanced by 28.15% to $417.8 million in 2023, then jumped by 47.19% to $614.9 million in 2024, then jumped by 44.66% to $889.5 million in 2025, then gained by 22.62% to $1.1 billion in 2026.
  • Business Quant data shows ALHC's Cost of Revenue at $1.1 billion in Q1 2026, $889.5 million in Q4 2025, and $868.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Unitedhealth 378.05 Bn 346.83 Bn 38.23 Bn 73.49 Bn
2 Cvs Health 136.47 Bn 124.66 Bn 22.85 Bn 10.94 Bn
3 Elevance Health 81.93 Bn 45.98 Bn 35.79 Bn 5.49 Bn
4 Cigna 76.59 Bn 68.73 Bn -44.29 Bn 54.10 Bn
5 Humana 45.95 Bn 23.98 Bn 5.94 Bn 33.71 Bn
6 Centene 31.19 Bn 7.45 Bn 43.95 Bn 702.00 Mn
7 Molina Healthcare 10.26 Bn 1.34 Bn 1.43 Bn 9.44 Bn
8 Oscar Health 8.47 Bn 1.67 Bn 1.42 Bn 3.23 Bn
9 Alignment Healthcare 3.84 Bn 3.11 Bn 144.48 Mn 1.09 Bn
10 Progyny 2.56 Bn 2.34 Bn 83.07 Mn 245.43 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.09 Bn
Mar 31, 2026 1.09 Bn
Dec 31, 2025 889.49 Mn
Dec 31, 2025 889.49 Mn
Sep 30, 2025 868.02 Mn
Sep 30, 2025 868.02 Mn
Jun 30, 2025 881.74 Mn
Jun 30, 2025 881.74 Mn
Mar 31, 2025 820.90 Mn
Mar 31, 2025 820.90 Mn
Dec 31, 2024 614.90 Mn
Dec 31, 2024 614.90 Mn
Sep 30, 2024 613.44 Mn
Sep 30, 2024 613.44 Mn
Jun 30, 2024 605.31 Mn
Jun 30, 2024 605.31 Mn
Mar 31, 2024 573.22 Mn
Mar 31, 2024 573.22 Mn
Dec 31, 2023 417.76 Mn
Dec 31, 2023 417.76 Mn