Alignment Healthcare (ALHC) Operating Expenses (2020 - 2026)
Alignment Healthcare's (ALHC) quarterly Operating Expenses came in at $1.3 billion in Q2 2026, up 30.33% YoY from $992.5 million in Q2 2025, and up 6.05% on a QoQ basis from $1.2 billion in Q1 2026.
Alignment Healthcare (ALHC) Operating Expenses (2020 - 2026) Analysis & Trends
Alignment Healthcare (ALHC) has 7 years of Operating Expenses data on file, last reported at $1.3 billion in Q2 2026.
- Quarterly Operating Expenses rose 30.33% year-over-year to $1.3 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $4.5 billion (up 34.57% YoY) and the FY2025 annual result came in at $3.9 billion, up 40.24% from the prior year.
- Operating Expenses advanced to $1.3 billion in Q2 2026, from $1.2 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.3 billion in Q2 2026 to a low of $373.1 million in Q2 2022.
- A 5-year average of $709.3 million and a median of $684.7 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses advanced 6.78% — and 2024, when it surged 46.35%.
- Tracing ALHC's Operating Expenses over 5 years: stood at $413.9 million in 2022, then rose by 22.56% to $507.3 million in 2023, then soared by 42.67% to $723.8 million in 2024, then surged by 41.35% to $1.0 billion in 2025, then increased by 26.43% to $1.3 billion in 2026.
- The last three Operating Expenses figures came in at $1.3 billion (Q2 2026), $1.2 billion (Q1 2026), and $1.0 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 352.69 Bn | 321.22 Bn | 36.67 Bn | 104.04 Bn |
| 2 | Cvs Health | 119.20 Bn | 105.24 Bn | 47.23 Bn | 101.39 Bn |
| 3 | Elevance Health | 87.30 Bn | 51.35 Bn | 13.45 Bn | 48.54 Bn |
| 4 | Humana | 46.22 Bn | 22.35 Bn | 5.50 Bn | 39.51 Bn |
| 5 | Centene | 32.05 Bn | 4.99 Bn | 14.55 Bn | 52.38 Bn |
| 6 | Molina Healthcare | 10.27 Bn | 1.36 Bn | 1.43 Bn | 10.73 Bn |
| 7 | Oscar Health | 9.52 Bn | 964.41 Mn | 1.09 Bn | 4.49 Bn |
| 8 | Alignment Healthcare | 2.75 Bn | 2.05 Bn | 180.96 Mn | 1.29 Bn |
| 9 | Clover Health Investments | 2.17 Bn | 1.93 Bn | 153.00 Mn | 715.17 Mn |
| 10 | Progyny | 2.00 Bn | 1.76 Bn | 89.30 Mn | 49.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.29 Bn |
| 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 |