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Alignment Healthcare ALHC Medical expenses payable

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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:IncreaseDecreaseInMedicalExpensesPayable.

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 $181.4M in Q1 2026.
How has Alignment Healthcare's medical expenses payable changed year-over-year?
Alignment Healthcare's medical expenses payable increased by 69.6% year-over-year, from $106.95M to $181.4M.
What does medical expenses payable mean?
This metric tracks the change in the liability for medical claims incurred but not yet paid to healthcare providers. An increase indicates that the company is retaining cash longer as it processes claims, while a decrease reflects the settlement of these obligations. It serves as a critical indicator of the company's working capital management and the timing of its primary medical cost outflows.