Alignment Healthcare (ALHC) Operating Expenses (2020 - 2026)
Alignment Healthcare (ALHC) posted Operating Expenses of $1.2 billion for Q1 2026, up 19.22% on a QoQ basis from $1.0 billion in Q4 2025, and up 30.82% year-over-year from $932.3 million in Q1 2025.
Alignment Healthcare (ALHC) Operating Expenses (2020 - 2026) Analysis & Trends
Alignment Healthcare's Operating Expenses history runs 7 years deep, the most recent figure standing at $1.2 billion for Q1 2026.
- Quarterly Operating Expenses rose 30.82% year-over-year to $1.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.2 billion (up 37.6% YoY) and the FY2025 annual result came in at $3.9 billion, up 40.24% from the prior year.
- Operating Expenses was $1.2 billion for Q1 2026 at Alignment Healthcare, up from $1.0 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.2 billion in Q1 2026 and bottomed at $373.1 million in Q2 2022.
- A 5-year average of $674.9 million and a median of $669.7 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses increased 6.78% — and 2024, when it surged 46.35%.
- Alignment Healthcare's Operating Expenses stood at $413.9 million in 2022, then advanced by 22.56% to $507.3 million in 2023, then surged by 42.67% to $723.8 million in 2024, then jumped by 41.35% to $1.0 billion in 2025, then grew by 19.22% to $1.2 billion in 2026.
- Business Quant data shows ALHC's Operating Expenses at $1.2 billion in Q1 2026, $1.0 billion in Q4 2025, and $986.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 384.70 Bn | 354.90 Bn | 38.23 Bn | 102.73 Bn |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn | 95.75 Bn |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn | 48.54 Bn |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn | 66.14 Bn |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn | 37.89 Bn |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn | 48.08 Bn |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn | 10.73 Bn |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn | 3.94 Bn |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn | 1.22 Bn |
| 10 | Progyny | 2.48 Bn | 2.26 Bn | 83.07 Mn | 47.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.22 Bn |
| Dec 31, 2025 | 1.02 Bn |
| Sep 30, 2025 | 986.01 Mn |
| Jun 30, 2025 | 992.54 Mn |
| Mar 31, 2025 | 932.33 Mn |
| Dec 31, 2024 | 723.79 Mn |
| Sep 30, 2024 | 711.96 Mn |
| Jun 30, 2024 | 699.67 Mn |
| Mar 31, 2024 | 669.71 Mn |
| Dec 31, 2023 | 507.30 Mn |
| Sep 30, 2023 | 486.47 Mn |
| Jun 30, 2023 | 486.04 Mn |
| Mar 31, 2023 | 471.64 Mn |
| Dec 31, 2022 | 413.92 Mn |
| Sep 30, 2022 | 393.76 Mn |
| Jun 30, 2022 | 373.12 Mn |
| Mar 31, 2022 | 382.00 Mn |
| Dec 31, 2021 | 341.74 Mn |
| Sep 30, 2021 | 334.92 Mn |
| Jun 30, 2021 | 349.44 Mn |