Filing Flows › Alignment Healthcare (ALHC) › Q1 2025
Alignment Healthcare (ALHC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Alignment Healthcare (ALHC) reported revenue of $927M for the first quarter 2025 (Q1 2025), +47% from a year earlier and +32% from the quarter before. Operating margin was -0.6%, net loss $9.4M (1.0% of revenue).
Alignment Healthcare, Q1 2025: revenue $927M (+48% year over year), operating margin -0.6%, net loss $9.4M, operating cash flow $16.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $927M | +32% | +47% |
| Operating profit | −$5.4M | — | — |
| Net earnings | −$9.4M | — | — |
| Operating cash flow | $16.6M | — | — |
| Free cash flow | $8.4M | — | — |
What changed
Revenue was $926.9M in Q1 2025, up 47% year over year and up 32% from the previous quarter.
Operating costs exceeded revenue by $5.4M, an operating margin of -0.6%. Total costs grew 39% against revenue growth of 47%. The fastest-growing cost line was Other operating costs (+43%). The quarter ended with a net loss of $9.4M, narrower than the previous quarter's $31.1M loss.
Operating cash flow was $16.6M. Non-cash charges added back $7.6M of depreciation and amortization and $17.2M of share-based compensation. Working capital and other items added $1.2M. Capital expenditures of $8.3M left free cash flow of $8.4M.
Questions
What was Alignment Healthcare's revenue in the first quarter 2025?
Alignment Healthcare (ALHC) reported revenue of $927M for the first quarter 2025 (Q1 2025), +47% from a year earlier and +32% from the quarter before.
Was Alignment Healthcare profitable in the first quarter 2025?
Operating loss was $5.4M (-0.6% of revenue) and net loss $9.4M.