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Alignment Healthcare ALHC Risk Corridor — Proceeds From Subsidies

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ACMRSubsidies recognized as other income
$347K-31.2%
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$347K-31.2%
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ACMRSubsidies recognized as reductions of relevant expenses
$1.99M+1,623%
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ACMRSubsidies recognized as reductions of relevant expenses
$1.99M+1,623%

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$2.78B+2.2%
Enterprise value$2.39B-6.8%
P/E140.1×
P/S0.7×-0.2×

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:ProceedsFromSubsidies.

The source filing: Alignment Healthcare’s 10-K, filed February 27, 2026.

Filed
Feb 26, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001628280-26-012545
Line itemDecember 31, 2025 / Risk CorridorDecember 31, 2025 / CMS SubsidiesDecember 31, 2024 / Risk CorridorDecember 31, 2024 / CMS Subsidies
Current assets:
Accounts receivable$36,615$10,427
Prepaid expenses and other current assets68,36125,782
Current liabilities:
Medical expenses payable$144$21,632$24,993

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Alignment Healthcare's risk corridor — proceeds from subsidies?
Alignment Healthcare (ALHC) reported risk corridor — proceeds from subsidies of $0 in Q4 2025.
What does risk corridor — proceeds from subsidies mean?
This metric tracks the cash inflows received from government or regulatory bodies as part of risk-sharing subsidy programs designed to stabilize healthcare plan costs. It indicates the extent to which the company successfully recovers costs or receives support through risk corridor mechanisms. High or consistent proceeds suggest effective participation in government programs and successful management of plan-related financial risks.

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