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Alignment Healthcare ALHC Business Segments — Medical expenses

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Other financials

Income statement

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Revenue$1.2B+33.3%
Operating income$15.5M+387%
Net income$11.4M+225%
EPS (diluted)$0.05+200%

Balance sheet

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Cash & equivalents$707.7M+57.9%
Total debt$323.6M+0.5%
Total equity$206.9M+91.3%
Total assets$1.3B+40.9%

Cash flow

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Operating cash flow$128.7M+674%
CapEx$7.4M-10.8%
Free cash flow$121.3M+1,350%

Valuation

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Market cap$4.52B+0.8%

Profitability

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Operating margin0.1%0.0pp
Net margin0.5%+0.2pp
FCF margin4.1%

Returns & leverage

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Return on equity12.6%+6.8pp
Debt / equity1.6×-1.4×
Current ratio1.6×-0.1×

Where this comes from

Reported directly by Alignment Healthcare in its filing.

Tagged under the XBRL concept alhc:MedicalExpenses.

The official record: Alignment Healthcare’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alignment Healthcare's business segments — medical expenses?
Alignment Healthcare (ALHC) reported business segments — medical expenses of $1.09B in Q1 2026.
How has Alignment Healthcare's business segments — medical expenses changed year-over-year?
Alignment Healthcare's business segments — medical expenses increased by 32.9% year-over-year, from $819.72M to $1.09B.
What is the long-term trend for Alignment Healthcare's business segments — medical expenses?
Over 3 years (2022 to 2025), Alignment Healthcare's business segments — medical expenses has grown at a 40.7% compound annual growth rate (CAGR), from $1.24B to $3.45B.
What does business segments — medical expenses mean?
Captures the direct costs incurred by the segment for providing medical care, clinical services, and health benefits to plan members. As a primary component of the medical loss ratio, this metric reflects the efficiency of the clinical model in managing patient health outcomes. Monitoring these costs is essential for assessing the segment's ability to balance high-quality care with financial sustainability.