Financial Snapshot

Revenue
$2.468B
TTM
Gross Margin
10.4%
TTM
Net Earnings
-$144.2M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
160.19%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$115.6M
Q3 2024
Cash
Q3 2024
P/E
-16.65
Nov 29, 2024 EST
Free Cash Flow
-$186.7M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $1.824B $1.434B $1.168B $959.2M $757.0M
YoY Change 27.16% 22.81% 21.74% 26.72%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $1.824B $1.434B $1.168B $959.2M $757.0M
Cost Of Revenue $1.623B $1.250B $1.039B $793.0M $661.4M
Gross Profit $201.0M $184.3M $128.7M $166.2M $95.60M
Gross Profit Margin 11.02% 12.85% 11.02% 17.33% 12.63%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $307.4M $295.6M $291.0M $156.4M $110.1M
YoY Change 3.99% 1.6% 86.06% 42.01%
% of Gross Profit 152.93% 160.43% 226.04% 94.1% 115.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.41M $17.27M $15.81M $15.10M $14.92M
YoY Change 23.97% 9.23% 4.76% 1.16%
% of Gross Profit 10.65% 9.37% 12.28% 9.08% 15.61%
Operating Expenses $1.951B $1.563B $1.346B $964.5M $786.4M
YoY Change 24.87% 16.12% 39.54% 22.64%
Operating Profit -$127.8M -$128.6M -$178.1M -$5.263M -$29.48M
YoY Change -0.64% -27.76% 3283.47% -82.15%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $21.23M $18.29M $17.44M $16.93M $14.90M
YoY Change 16.09% 4.85% 3.02% 13.65%
% of Operating Profit
Other Income/Expense, Net -$20.38M -$20.66M -$17.21M -$17.66M -$15.25M
YoY Change -1.37% 20.02% -2.54% 15.84%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$148.2M -$149.3M -$195.3M -$22.93M -$44.73M
YoY Change -0.74% -23.55% 751.81% -48.75%
Income Tax -$22.00K $339.0K $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$148.0M -$149.5M -$195.3M -$22.93M -$44.73M
YoY Change -1.02% -23.42% 751.81% -48.75%
Net Earnings / Revenue -8.12% -10.43% -16.72% -2.39% -5.91%
Basic Earnings Per Share -$0.79 -$0.83 -$1.14 -$0.15
Diluted Earnings Per Share -$0.79 -$0.83 -$1.136M -$122.3K -$238.7K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $318.8M $409.5M $466.6M $207.3M $86.50M
YoY Change -22.15% -12.23% 125.08% 139.65%
Cash & Equivalents
Short-Term Investments $115.9M
Other Short-Term Assets $44.97M $42.11M $27.75M $17.20M $5.200M
YoY Change 6.8% 51.75% 61.32% 230.77%
Inventory
Prepaid Expenses
Receivables $0.00 $92.89M $58.51M $40.10M $35.60M
Other Receivables $119.7M $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $483.5M $544.5M $552.9M $264.7M $127.4M
YoY Change -11.2% -1.5% 108.86% 107.77%
Property, Plant & Equipment $61.86M $42.99M $38.21M $37.00M $27.40M
YoY Change 43.88% 12.52% 3.27% 35.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.405M $6.035M $4.709M $2.100M $3.700M
YoY Change 6.13% 28.16% 124.24% -43.24%
Total Long-Term Assets $108.3M $89.32M $78.04M $73.80M $66.00M
YoY Change 21.3% 14.46% 5.74% 11.82%
Total Assets $591.9M $633.9M $630.9M $338.5M $193.4M
YoY Change
Accounts Payable $227.2M $198.2M $125.9M $112.6M $102.4M
YoY Change 14.62% 57.46% 11.8% 9.96%
Accrued Expenses $35.71M $31.59M $27.49M $28.40M $12.50M
YoY Change 13.05% 14.92% -3.21% 127.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $120.0K $152.0K $147.0K $100.0K
YoY Change -21.05% 3.4% 47.0%
Total Short-Term Liabilities $263.0M $230.0M $167.2M $153.5M $130.3M
YoY Change 14.38% 37.5% 8.95% 17.81%
Long-Term Debt $161.8M $161.0M $150.9M $144.6M $138.0M
YoY Change 0.49% 6.71% 4.36% 4.78%
Other Long-Term Liabilities $8.974M $3.578M $6.692M $9.800M $3.900M
YoY Change 150.81% -46.53% -31.71% 151.28%
Total Long-Term Liabilities $170.8M $164.6M $157.6M $154.4M $141.9M
YoY Change 3.76% 4.44% 2.07% 8.81%
Total Liabilities $434.9M $395.7M $324.9M $307.9M $272.2M
YoY Change 9.9% 21.82% 5.51% 13.12%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 188.4M 187.2M 181.9M
Diluted Shares Outstanding 188.4M 19.33M 12.60M 0.000 0.000
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.4 Billion

About Alignment Healthcare, Inc.

Alignment Healthcare, Inc. operates as a holding company. The company is headquartered in Orange, California and currently employs 1,536 full-time employees. The company went IPO on 2021-03-26. The firm's operations consist of Medicare Advantage Plans in the states of California, North Carolina, Nevada, Arizona, Florida and Texas. Its consumer brand name, Alignment Health, offers more than 50 Medicare Advantage plans that serve 53 counties across six states. The company partners with nationally recognized and local providers to deliver coordinated care, powered by its customized care model, 24/7 concierge care team and purpose-built technology, Alignment's Virtual Application (AVA). AVA is designed specifically for senior care and provides end-to-end coordination of the healthcare ecosystem. AVA's suite of tools and services is built within a unified data architecture. Medicare Advantage plans are direct-to-consumer and provide a single point of care delivery for hospital insurance benefits, outpatient services and often prescription drug coverage.

Industry: Hospital & Medical Service Plans Peers: