Alignment Healthcare (ALHC) Operating Expenses (2020 - 2026)

For the trailing twelve months through Jun 30, 2026, Operating Expenses at Alignment Healthcare was $4.52 billion, up 34.6% year-over-year; for FY2025, it came in at $3.93 billion, up 40.2% from FY2024.

• Annual Operating Expenses has increased for six consecutive years, with a five-year compound annual growth rate of 32.5% (FY2020 to FY2025).
• In prior years, Alignment Healthcare's Operating Expenses was $2.81 billion in FY2024 (+43.7%), $1.95 billion in FY2023 (+24.9%), $1.56 billion in FY2022 (+16.1%) and $1.35 billion in FY2021 (+39.5%).
• The Q2 2026 figure stands as the highest quarterly Operating Expenses in data going back to Q1 2020.
• On a year-over-year basis, Operating Expenses has increased in each of the last 22 quarters, with growth averaging 38.9% over the last eight quarters.
• Over the past five years, the year-over-year growth in Operating Expenses ranged from 6.8% (Q2 2022) to 46.4% (Q3 2024).
• According to Business Quant data, Operating Expenses for the three prior quarters was $1.22 billion (Q1 2026), $1.02 billion (Q4 2025) and $986.01 million (Q3 2025).