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Alignment Healthcare ALHC Medical expenses payable

Medical expenses payable at other companies

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$39.66B+6.8%
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$4.07B+8.5%
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Natera, Inc.NTRA
$62.4M+59.0%

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:MedicalExpensesPayableCurrent.

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 medical expenses payable?
Alignment Healthcare (ALHC) reported medical expenses payable of $655.97M in Q1 2026.
How has Alignment Healthcare's medical expenses payable changed year-over-year?
Alignment Healthcare's medical expenses payable increased by 65.3% year-over-year, from $396.73M to $655.97M.
What is the long-term trend for Alignment Healthcare's medical expenses payable?
Over 5 years (2020 to 2025), Alignment Healthcare's medical expenses payable has grown at a 33.3% compound annual growth rate (CAGR), from $112.61M to $474.57M.
What does medical expenses payable mean?
This represents the estimated liability for healthcare services provided to members that have been incurred but not yet paid or fully processed by the company. It is a critical indicator of the company's short-term obligations to healthcare providers and reflects the accuracy of medical cost accruals. Changes in this balance often signal shifts in utilization rates or the speed of claims processing within the Medicare Advantage business model.