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Segments

By segment

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Reportable Segment$108.53M+23.6%

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 us-gaap:SellingGeneralAndAdministrativeExpense.

The source filing: Alignment Healthcare’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:14 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028901
Line itemThree Months Ended March 31, 20262025
Total revenues1,235,197926,932
Expenses:
Medical expenses1,090,717820,900
Selling, general, and administrative expenses121,138103,831
Depreciation and amortization7,8397,594
Total expenses1,219,694932,325
Income (loss) from operations15,503(5,393)
Other expenses:

Item 1. Financial Statements (Unaudited):

FAQ

What is Alignment Healthcare's SG&A?
Alignment Healthcare (ALHC) reported SG&A of $121.14M in Q1 2026.
How has Alignment Healthcare's SG&A changed year-over-year?
Alignment Healthcare's SG&A increased by 16.7% year-over-year, from $103.83M to $121.14M.
What is the long-term trend for Alignment Healthcare's SG&A?
Over 4 years (2021 to 2025), Alignment Healthcare's SG&A has grown at a 11.1% compound annual growth rate (CAGR), from $290.99M to $443.41M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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