Alignment Healthcare (ALHC) Cost of Revenue (2020 - 2026)
Alignment Healthcare (ALHC) reported Cost of Revenue of $1.1 billion for Q1 2026, up 32.87% on a YoY basis from $820.9 million in Q1 2025, and up 22.62% quarter-over-quarter from $889.5 million in Q4 2025.
Alignment Healthcare (ALHC) Cost of Revenue (2020 - 2026) Analysis & Trends
Alignment Healthcare has reported Cost of Revenue for 7 years, with the latest figure at $1.1 billion in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 32.87% year-over-year to $1.1 billion; the trailing twelve-month figure through Mar 2026 stood at $3.7 billion (up 40.51% YoY), and the FY2025 full-year result was $3.5 billion, up 43.76% from the prior year.
- Cost of Revenue for Q1 2026 stood at $1.1 billion, up from $889.5 million in the prior quarter.
- The five-year high for Cost of Revenue was $1.1 billion in Q1 2026, with the low at $303.8 million in Q1 2022.
- Historically, Cost of Revenue has averaged $578.2 million across 5 years, with a median of $573.2 million in 2024.
- Annual changes were most pronounced in 2022 — Cost of Revenue gained 11.98% — and 2024, when it jumped 54.18%.
- Alignment Healthcare's Cost of Revenue stood at $326.0 million in 2022, then rose by 28.15% to $417.8 million in 2023, then surged by 47.19% to $614.9 million in 2024, then surged by 44.66% to $889.5 million in 2025, then increased by 22.62% to $1.1 billion in 2026.
- The last three Cost of Revenue figures came in at $1.1 billion (Q1 2026), $889.5 million (Q4 2025), and $868.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 12.82 Bn |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 29.36 Bn |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 35.62 Bn |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 54.10 Bn |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 33.71 Bn |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 702.00 Mn |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 9.27 Bn |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | 3.23 Bn |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 1.09 Bn |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 589.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |