Alignment Healthcare (ALHC) Operating Expenses (2020 - 2026)
Alignment Healthcare (ALHC) reported Operating Expenses of $1.2 billion for Q1 2026, up 30.82% on a YoY basis from $932.3 million in Q1 2025, and up 19.22% quarter-over-quarter from $1.0 billion in Q4 2025.
Alignment Healthcare (ALHC) Operating Expenses (2020 - 2026) Analysis & Trends
Alignment Healthcare has reported Operating Expenses for 7 years, with the latest figure at $1.2 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 30.82% year-over-year to $1.2 billion; the trailing twelve-month figure through Mar 2026 stood at $4.2 billion (up 37.6% YoY), and the FY2025 full-year result was $3.9 billion, up 40.24% from the prior year.
- Operating Expenses for Q1 2026 stood at $1.2 billion, up from $1.0 billion in the prior quarter.
- The five-year high for Operating Expenses was $1.2 billion in Q1 2026, with the low at $373.1 million in Q2 2022.
- Historically, Operating Expenses has averaged $674.9 million across 5 years, with a median of $669.7 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses advanced 6.78% — and 2024, when it surged 46.35%.
- Alignment Healthcare's Operating Expenses 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 advanced by 19.22% to $1.2 billion in 2026.
- The last three Operating Expenses figures came in at $1.2 billion (Q1 2026), $1.0 billion (Q4 2025), and $986.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 102.73 Bn |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 95.75 Bn |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 47.88 Bn |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 66.14 Bn |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 37.89 Bn |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 48.08 Bn |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 10.71 Bn |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | 3.94 Bn |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 1.22 Bn |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 721.86 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 |