Alignment Healthcare, Inc. (ALHC) Revenue History
Annual and quarterly revenue from 2019 to present
ALHC Revenue Over Time (2019–2025)
ALHC Revenue Growth History
6 of 6 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- +26.7%
- FY2021 revenue growth
- +21.7%
- FY2022 revenue growth
- +22.8%
- FY2023 revenue growth
- +27.2%
- FY2024 revenue growth
- +48.3%
- FY2025 revenue growth
- +46.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $1.24B | +33.3% |
| Q4 2025 | $1.01B | +44.4% |
| Q3 2025 | $993.7M | +43.5% |
| Q2 2025 | $1.02B | +49.0% |
| Q1 2025 | $926.9M | +47.5% |
| Q4 2024 | $701.2M | +50.7% |
| Q3 2024 | $692.4M | +51.6% |
| Q2 2024 | $681.3M | +47.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2023)
ALHC's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
ALHC Revenue Analysis (2019–2025)
Current Revenue & Growth
As of June 21, 2026, Alignment Healthcare, Inc. (ALHC) generated trailing twelve-month (TTM) revenue of $4.26 billion, reflecting explosive growth of +33.3% year-over-year. The most recent quarter (Q1 2026) recorded $1.24 billion in revenue, up 22.0% sequentially.
Historical Growth Trajectory
ALHC's 5-year compound annual growth rate (CAGR) stands at +32.7%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +40.2% exceeds the 5-year average, indicating an acceleration in the most recent period. Alignment Healthcare, Inc.'s highest annual revenue of $3.95 billion was recorded in 2025, an all-time high.
Revenue by Segment
ALHC's revenue is primarily driven by Health Care, Premium (93%), and Health Care Capitation (7%). With over half of revenue concentrated in Health Care, Premium, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including CNC (+17.0% YoY), MOH (+7.7% YoY), and CVS (+7.6% YoY) — ALHC has outperformed the peer group in revenue growth. Compare ALHC vs CNC →
ALHC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ALHCCurrent | $4.3B | +33.3% | +32.7% | 0.4% | |
 CNC | $194.8B | +17.0% | +11.9% | -3.9% | |
 MOH | $45.4B | +7.7% | +18.5% | 1.7% | |
 CVS | $402.1B | +7.6% | +8.4% | 2.6% | |
 HUM | $129.7B | +14.1% | +10.9% | 1.1% | |
 ELV | $199.1B | +9.4% | +10.3% | 4.1% |
ALHC Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.95B | +46.1% | $488.6M | 12.4% | $14.8M | 0.4% |
| 2024 | $2.70B | +48.3% | $296.7M | 11.0% | $-101,555,000 | -3.8% |
| 2023 | $1.82B | +27.2% | $201.0M | 11.0% | $-127,817,000 | -7.0% |
| 2022 | $1.43B | +22.8% | $184.3M | 12.8% | $-128,639,000 | -9.0% |
| 2021 | $1.17B | +21.7% | $128.7M | 11.0% | $-178,072,000 | -15.2% |
| 2020 | $959.2M | +26.7% | $166.2M | 17.3% | $-5,263,000 | -0.5% |
| 2019 | $757.0M | - | $95.6M | 12.6% | $-29,484,000 | -3.9% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
7+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
ALHC — Frequently Asked Questions
Quick answers to the most common questions about buying ALHC stock.
Is ALHC's revenue growth accelerating or slowing?
ALHC revenue growth is accelerating. TTM revenue reached $4.3B, up +33.3% year-over-year — ahead of the 5-year CAGR of +32.7%. This indicates the business is expanding faster than its historical baseline.
What is ALHC's revenue history from 2019 to 2026?
Alignment Healthcare, Inc. (ALHC) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $4.3B, growing at +33.3% YoY. The 5-year CAGR is +32.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ALHC's long-term revenue growth rate (CAGR)?
Alignment Healthcare, Inc.'s 5-year revenue CAGR of +32.7% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +33.3% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ALHC.
Why does ALHC's quarterly revenue fluctuate?
ALHC quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Alignment Healthcare, Inc.'s revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is ALHC's revenue distributed by segment?
ALHC reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ALHC's revenue compare to industry peers?
Alignment Healthcare, Inc. (ALHC) with TTM revenue of $4.3B and +33.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.