Filing Flows › Alignment Healthcare (ALHC) › Q2 2025
Alignment Healthcare (ALHC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Alignment Healthcare (ALHC) reported revenue of $1.0B for the second quarter 2025 (Q2 2025), +49% from a year earlier and +10% from the quarter before. Operating margin was 2.2%, net earnings $15.7M (1.5% of revenue).
Alignment Healthcare, Q2 2025: revenue $1.0B (+49% year over year), operating margin 2.2%, net earnings $15.7M, operating cash flow $29.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +10% | +49% |
| Operating profit | $22.7M | — | — |
| Net earnings | $15.7M | — | — |
| Operating cash flow | $29.1M | +75% | +24% |
| Free cash flow | $21.1M | +153% | +79% |
What changed
Revenue was $1.0B in Q2 2025, up 49% year over year and up 10% from the previous quarter.
Operating profit was $0.02B, a 2.2% margin (up 4.9 points year over year). Total costs grew 42% against revenue growth of 49%. The fastest-growing cost line was Other operating costs (+45%). Net earnings were $0.02B. The effective tax rate was 17.1%.
Operating cash flow was $0.03B (up 24% year over year), 186% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.01B. Capital expenditures of $0.01B left free cash flow of $0.02B.
Questions
What was Alignment Healthcare's revenue in the second quarter 2025?
Alignment Healthcare (ALHC) reported revenue of $1.0B for the second quarter 2025 (Q2 2025), +49% from a year earlier and +10% from the quarter before.
Was Alignment Healthcare profitable in the second quarter 2025?
Operating profit was $22.7M (2.2% of revenue) and net earnings $15.7M.