Financials Alignment Healthcare, Inc.

Equities

ALHC

US01625V1044

Managed Healthcare

Market Closed - Nasdaq Other stock markets 02:30:00 24/01/2026 am IST			5-day change	1st Jan Change
23.81 ^USD	+0.85%		+5.82%	+20.56%

20/01	Alignment Health Announces Appointment of Adnan Mansour as Chief Digital Officer, Effective January 19, 2026	CI
17/01	Alignment Healthcare Insider Sold Shares Worth $674,451, According to a Recent SEC Filing	MT

Projected Income Statement: Alignment Healthcare, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	959.2	1,168	1,434	1,824	2,704	3,939	5,224	6,661
Change	-	21.74%	22.81%	27.16%	48.25%	45.7%	32.62%	27.5%
EBITDA ¹	-	-33.12	-26.72	-35.32	1.339	95.22	147.6	214.5
Change	-	-	19.33%	-32.21%	103.79%	7,010.92%	55.06%	45.32%
EBIT ¹	-	-49.15	-44.2	-56.99	-25.72	65.05	112.2	180.6
Change	-	-	10.07%	-28.93%	54.86%	352.89%	72.52%	60.94%
Interest Paid ¹	-	-17.44	-18.29	-21.23	-23.55	-15.87	-15.83	-14.94
Earnings before Tax (EBT) ¹	-	-195.3	-149.3	-148.2	-128	-17.74	21.32	81.25
Change	-	-	23.55%	0.74%	13.59%	86.15%	220.19%	281.15%
Net income ¹	-	-195.3	-149.5	-148	-128	-24.84	20.38	76.24
Change	-	-	23.42%	1.02%	13.5%	80.6%	182.03%	274.14%
Announcement Date	03/03/21	03/03/22	28/02/23	27/02/24	27/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	267.1	309	293.5	298.3	345.5	366.5	360.3	361.8	439.2	462.4	456.7	465.4	628.6	681.3	692.4	701.2	926.9	1,015	993.7	1,003	1,251	1,341	1,327	1,320	1,610	1,737	1,698
Change	-	15.68%	-5.01%	1.64%	15.84%	6.06%	-1.67%	0.41%	21.38%	5.29%	-1.23%	1.9%	35.07%	8.38%	1.64%	1.27%	32.18%	9.53%	-2.13%	0.98%	24.64%	7.25%	-1.07%	-0.53%	21.93%	7.92%	-2.26%
EBITDA ¹	-14.04	-4.69	-5.512	-8.872	-3.89	10.32	-9.493	-23.65	-5.172	-2.055	-8.42	-19.67	-11.98	6.034	5.922	1.363	20.18	45.91	32.44	-3.624	35.18	55.53	47.67	8.239	48.81	76.21	70.66
Change	-	66.6%	-17.53%	-60.96%	56.15%	365.3%	-191.99%	-149.15%	78.13%	60.27%	-309.73%	-133.63%	39.1%	150.37%	-1.86%	-76.98%	1,380.41%	127.54%	-29.35%	-111.17%	1,070.82%	57.85%	-14.15%	-82.72%	492.5%	56.13%	-7.29%
EBIT ¹	-52.66	-8.652	-9.645	-13.02	-36.48	6.14	-14.01	-28.4	-10.15	-7.25	-13.92	-25.53	-18.01	-0.505	-1.764	-5.445	12.55	38.88	24.45	-12.24	26.81	45.08	39.24	-3.226	40.83	68.7	75.6
Change	-	83.57%	-11.48%	-35%	-180.12%	116.83%	-328.11%	-102.79%	64.25%	28.6%	-91.96%	-83.47%	29.47%	97.2%	-249.31%	-208.67%	330.51%	209.75%	-37.1%	-150.04%	319.11%	68.16%	-12.96%	-108.22%	1,365.69%	68.25%	10.03%
Charge d'intérêts ¹	-4.248	-4.329	-4.414	-4.452	-4.401	-4.49	-4.605	-4.793	-5.019	-5.262	-5.466	-5.484	-5.427	-5.691	-6.937	-5.492	-3.95	-3.95	-3.95	-3.958	-3.917	-3.917	-3.917	-3.917	-3.917	-3.917	-3.883
Earnings before Tax (EBT) ¹	-56.87	-44.76	-45.82	-47.83	-40.82	-11.58	-40.08	-56.82	-37.37	-28.49	-35.08	-47.26	-46.58	-23.98	-26.44	-31.06	-9.333	18.88	3.731	-30.05	3.129	26.3	13.83	-21.26	14.91	42	29.08
Change	-	21.3%	-2.35%	-4.4%	14.67%	71.63%	-246.11%	-41.77%	34.23%	23.75%	-23.11%	-34.72%	1.44%	48.51%	-10.24%	-17.48%	69.95%	302.26%	-80.24%	-905.33%	110.41%	740.49%	-47.4%	-253.73%	170.14%	181.58%	-30.75%
Net income ¹	-56.87	-44.76	-45.82	-47.83	-40.82	-11.58	-40.25	-56.9	-37.28	-28.48	-35.08	-47.21	-46.52	-24.01	-26.41	-31.09	-9.114	15.67	3.729	-28.21	3.224	29.01	14.33	-23.94	13.71	36.81	26.03
Change	-	21.3%	-2.35%	-4.4%	14.67%	71.63%	-247.56%	-41.38%	34.48%	23.62%	-23.18%	-34.59%	1.46%	48.39%	-10.01%	-17.71%	70.69%	271.9%	-76.2%	-856.37%	111.43%	799.65%	-50.61%	-267.09%	157.28%	168.44%	-29.28%
Announcement Date	17/05/21	09/08/21	04/11/21	03/03/22	05/05/22	04/08/22	03/11/22	28/02/23	04/05/23	03/08/23	02/11/23	27/02/24	02/05/24	01/08/24	29/10/24	27/02/25	01/05/25	30/07/25	30/10/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Alignment Healthcare, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-316	-249	-41.1	-111	-263	-304	-436
Change	-	-	21.2%	83.49%	-170.07%	-136.02%	-15.59%	-43.42%
Announcement Date	03/03/21	03/03/22	28/02/23	27/02/24	27/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Alignment Healthcare, Inc.

Fiscal Period: December	2022	2023	2024	2025	2026	2027
CAPEX ¹	23.77	36	41.42	35.06	38.5	38.5
Change	-	51.4%	15.07%	-15.35%	9.81%	0%
Free Cash Flow (FCF) ¹	-69.2	-95.18	-6.648	37	91	139.5
Change	-	-37.54%	93.02%	656.56%	145.95%	53.3%
Announcement Date	28/02/23	27/02/24	27/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Alignment Healthcare, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-2.84%	-1.86%	-1.94%	0.05%	2.42%	2.83%	3.22%
EBIT Margin (%)	-	-4.21%	-3.08%	-3.12%	-0.95%	1.65%	2.15%	2.71%
EBT Margin (%)	-	-16.72%	-10.41%	-8.13%	-4.74%	-0.45%	0.41%	1.22%
Net margin (%)	-	-16.72%	-10.43%	-8.12%	-4.74%	-0.63%	0.39%	1.14%
FCF margin (%)	-	-	-4.83%	-5.22%	-0.25%	0.94%	1.74%	2.09%
FCF / Net Income (%)	-	-	46.27%	64.3%	5.19%	-148.95%	446.58%	182.98%
Profitability
ROA	-	-	-23.65%	-24.15%	-18.64%	-2.47%	1.19%	4.19%
ROE	-	-116.02%	-54.96%	-74.93%	-99.72%	-18.19%	8.98%	24.18%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	1.66%	1.97%	1.53%	0.89%	0.74%	0.58%
CAPEX / EBITDA (%)	-	-	-88.99%	-101.91%	3,093.2%	36.82%	26.08%	17.95%
CAPEX / FCF (%)	-	-	-34.35%	-37.82%	-623.01%	94.76%	42.31%	27.6%
Items per share
Cash flow per share ¹	-	-0.4581	-0.2507	-0.3178	-	0.9748	0.5533	-
Change	-	-	45.27%	-26.78%	-	-	-43.25%	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	1.272	0.8428	0.5207	0.7121	1.152	1.964
Change	-	-	-	-33.71%	-38.22%	36.75%	61.77%	70.5%
EPS ¹	-36.92	-1.14	-0.83	-0.79	-0.67	-0.1093	0.0945	0.3475
Change	-	96.91%	27.19%	4.82%	15.19%	83.68%	186.46%	267.57%
Nbr of stocks (in thousands)	-	1,87,242	1,87,261	1,89,100	1,91,696	2,00,092	2,00,092	2,00,092
Announcement Date	03/03/21	03/03/22	28/02/23	27/02/24	27/02/25	-	-	-