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
DateValue
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