Alignment Healthcare (ALHC) Cost of Revenue (2020 - 2026)
Alignment Healthcare posted quarterly Cost of Revenue of $1.1 billion for Q1 2026, up 32.87% year-on-year from $820.9 million in Q1 2025, and up 22.62% on a QoQ basis from $889.5 million in Q4 2025.
Alignment Healthcare (ALHC) has 7 years of Cost of Revenue data on file, last reported 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.
- Across five years, Cost of Revenue topped out at $1.1 billion in Q1 2026 and bottomed at $303.8 million in Q1 2022.
- The 5-year median for Cost of Revenue is $573.2 million (2024), against an average of $578.2 million.
- The widest annual swing landed in 2022, when Cost of Revenue gained 11.98%; it then jumped 54.18% in 2024.
- A 5-year view of Cost of Revenue shows it stood at $326.0 million in 2022, then gained by 28.15% to $417.8 million in 2023, then soared by 47.19% to $614.9 million in 2024, then soared by 44.66% to $889.5 million in 2025, then rose 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 | 345.31 Bn | 315.51 Bn | 98.90 Bn | 12.82 Bn |
| 2 | Cvs Health | 115.41 Bn | 103.79 Bn | 4.43 Bn | 29.36 Bn |
| 3 | Elevance Health | 88.60 Bn | 53.18 Bn | 13.88 Bn | 35.62 Bn |
| 4 | Cigna | 72.05 Bn | 64.43 Bn | -44.29 Bn | 54.10 Bn |
| 5 | Humana | 39.05 Bn | 17.15 Bn | 4.00 Bn | 33.71 Bn |
| 6 | Centene | 30.50 Bn | 6.84 Bn | 49.24 Bn | 702.00 Mn |
| 7 | Molina Healthcare | 9.31 Bn | 60.65 Mn | 1.53 Bn | 9.27 Bn |
| 8 | Oscar Health | 6.86 Bn | 63.05 Mn | -3.22 Bn | 3.23 Bn |
| 9 | Alignment Healthcare | 2.69 Bn | 1.96 Bn | 135.85 Mn | 1.09 Bn |
| 10 | Progyny | 2.12 Bn | 1.90 Bn | 83.07 Mn | 245.43 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 |
| Sep 30, 2023 | 397.88 Mn |
| Sep 30, 2023 | 397.88 Mn |
| Jun 30, 2023 | 410.64 Mn |
| Jun 30, 2023 | 410.64 Mn |
| Mar 31, 2023 | 396.32 Mn |
| Mar 31, 2023 | 396.32 Mn |
| Dec 31, 2022 | 326.00 Mn |
| Dec 31, 2022 | 326.00 Mn |
| Sep 30, 2022 | 312.85 Mn |
| Sep 30, 2022 | 312.85 Mn |
| Jun 30, 2022 | 307.27 Mn |
| Jun 30, 2022 | 307.27 Mn |
| Mar 31, 2022 | 303.76 Mn |
| Mar 31, 2022 | 303.76 Mn |
| Dec 31, 2021 | 259.57 Mn |
| Dec 31, 2021 | 259.57 Mn |
| Sep 30, 2021 | 253.99 Mn |
| Sep 30, 2021 | 253.99 Mn |
| Jun 30, 2021 | 274.39 Mn |
| Jun 30, 2021 | 274.39 Mn |
| Mar 31, 2021 | 251.10 Mn |
| Mar 31, 2021 | 251.10 Mn |
| Dec 31, 2020 | 215.01 Mn |
| Dec 31, 2020 | 215.01 Mn |
| Sep 30, 2020 | 190.08 Mn |
| Sep 30, 2020 | 190.08 Mn |
| Jun 30, 2020 | 194.50 Mn |
| Jun 30, 2020 | 194.50 Mn |
| Mar 31, 2020 | 193.40 Mn |
| Mar 31, 2020 | 193.40 Mn |