Alignment Healthcare, Inc.

ALHC · Hospital & Medical Service Plans · 206.7M shares · EDGAR filings ↗

Net buyback after stock comp: -$65M (gross $1M, SBC $67M)

Reference price $23.00 · est. market cap ~$4.8B — last insider sale, 2026-06-26 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

C58

Alignment Healthcare — Medicare-Advantage insurtech near breakeven, improving.

Strengths

Strong liquidity (current 1.7, 90th pct); positive free cash flow (75th); rapid membership growth

Risks

Around breakeven; high leverage (D/E 1.8, 100th)
MA-utilization, star-ratings and rate sensitivity

Notable findings

Net lossNet loss (net margin -0.0%)
Insider buyingInsider buying — 1 open-market buy(s) by 1 insider(s) (~$197,627, last 6mo) Form 4 ↗
Insider sellingInsider selling — 47 open-market sale(s) by 9 insider(s) (cluster of 9 insiders, ~$55M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $1.0B2025-09-30 · $994M2025-12-31 · $1.0B2026-03-31 · $1.2B

Last 4 quarters · from SEC filings.

Key metrics

Operating margin

0.4%

Net margin

-0.0%

Return on equity

-0.4%

Return on assets

-0.1%

ROIC

2.3%

Revenue growth (QoQ)

22.0%

Debt / equity

1.8×

Net debt / EBITDA

-6.2×

Current ratio

1.7×

Free cash flow

$113M

EBITDA

$45M

Tangible book value

$143M

Cash & investments

$604M

Stock comp / revenue

1.6%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-26	KONOWIECKI JOSEPH S	Sell	25K	$23.00
2026-06-18	KONOWIECKI JOSEPH S	Sell	25K	$22.00
2026-06-15	Maroney Dawn Christine	Sell	30K	$19.55
2026-06-12	Kim Hyong	Sell	36K	$19.86
2026-06-11	KONOWIECKI JOSEPH S	Sell	25K	$21.00
2026-06-10	KAO JOHN E	Sell	223K	$20.60
2026-06-10	KAO JOHN E	Sell	75K	$19.65
2026-06-03	KONOWIECKI JOSEPH S	Grant	123K	—
2026-06-03	Kent Mark D.	Grant	88K	—
2026-06-02	Kent Mark D.	Buy	15K	$13.31
2026-05-18	Maroney Dawn Christine	Gift	20K	—
2026-05-15	Maroney Dawn Christine	Sell	30K	$16.09
2026-05-15	Maroney Dawn Christine	Gift	1.5K	—
2026-05-11	KAO JOHN E	Sell	281K	$16.85
2026-05-11	KAO JOHN E	Sell	17K	$17.54
2026-04-15	Maroney Dawn Christine	Sell	30K	$20.87
2026-04-13	KAO JOHN E	Sell	82K	$20.80
2026-04-10	KAO JOHN E	Sell	202K	$20.58
2026-04-10	KAO JOHN E	Sell	14K	$21.38
2026-04-07	Head James M	Sell	11K	$21.08
2026-04-07	KAO JOHN E	Sell	132K	$20.67
2026-04-07	KAO JOHN E	Sell	118K	$21.40
2026-04-01	JOYCE CHRISTOPHER J	Sell	18K	$17.79
2026-03-23	KAO JOHN E	Sell	118K	$17.48
2026-03-19	Wagner Andreas P.	Sell	12K	$18.22
2026-03-18	KAO JOHN E	Sell	73K	$17.84
2026-03-18	Burzacchi Sebastian	Sell	15K	$17.84
2026-03-18	Kim Hyong	Sell	18K	$17.84
2026-03-18	JOYCE CHRISTOPHER J	Sell	25K	$17.84
2026-03-18	Maroney Dawn Christine	Sell	37K	$17.84
2026-03-18	Scavo Robert L.	Sell	11K	$17.84
2026-03-18	Wagner Andreas P.	Sell	12K	$17.84
2026-03-16	Maroney Dawn Christine	Sell	30K	$17.48
2026-03-13	Burzacchi Sebastian	Grant	36K	—
2026-03-13	Mansour Adnan R.	Grant	25K	—
2026-03-13	JOYCE CHRISTOPHER J	Grant	52K	—
2026-03-13	Kim Hyong	Grant	53K	—
2026-03-13	Head James M	Grant	103K	—
2026-03-13	Maroney Dawn Christine	Grant	162K	—
2026-03-13	KAO JOHN E	Grant	338K	—
2026-03-13	Vorhoff Nicholas Robbert	Grant	19K	—
2026-03-13	McClellan Mark B.	Grant	13K	—
2026-03-13	McCarthy Margaret M	Grant	14K	—
2026-03-13	KOSECOFF JACQUELINE B	Grant	13K	—
2026-03-13	KONOWIECKI JOSEPH S	Grant	25K	—
2026-03-13	JORDEN YON	Grant	13K	—
2026-03-13	HODGSON DAVID C	Grant	19K	—
2026-03-13	BILNEY JODY L	Grant	16K	—
2026-03-13	Wagner Andreas P.	Grant	24K	—
2026-03-12	Scavo Robert L.	Sell	3.8K	$17.48
2026-03-12	Scavo Robert L.	Sell	245	$16.99
2026-03-12	Maroney Dawn Christine	Sell	27K	$17.48
2026-03-12	Maroney Dawn Christine	Sell	1.8K	$16.99
2026-03-12	KAO JOHN E	Sell	46K	$17.48
2026-03-12	KAO JOHN E	Sell	3.0K	$16.99
2026-03-10	Maroney Dawn Christine	Gift	4.2K	—
2026-03-10	KAO JOHN E	Sell	180K	$18.19
2026-03-04	Wagner Andreas P.	Sell	21K	$18.62
2026-02-23	Mansour Adnan R.	Grant	23K	—
2026-02-17	Maroney Dawn Christine	Sell	30K	$20.63
2026-02-10	Wagner Andreas P.	Sell	22K	$20.47
2026-02-10	KAO JOHN E	Sell	180K	$20.49
2026-01-15	Maroney Dawn Christine	Sell	15K	$22.19
2026-01-15	Maroney Dawn Christine	Sell	15K	$22.78
2026-01-12	KAO JOHN E	Sell	177K	$21.10
2026-01-12	KAO JOHN E	Sell	2.7K	$21.57
2026-01-06	Kim Hyong	Sell	17K	$21.35
2026-01-06	Maroney Dawn Christine	Sell	228K	$21.33
2026-01-02	JOYCE CHRISTOPHER J	Sell	11K	$20.03
2026-01-02	Maroney Dawn Christine	Sell	100K	$20.03
2025-12-29	Kim Hyong	Sell	12K	$18.71
2025-12-29	Scavo Robert L.	Sell	66K	$18.71
2025-12-29	Scavo Robert L.	Sell	3.8K	$19.38
2025-12-29	Kim Hyong	Sell	696	$19.38
2025-12-29	KAO JOHN E	Sell	572K	$18.71
2025-12-29	KAO JOHN E	Sell	33K	$19.38
2025-12-29	Maroney Dawn Christine	Sell	267K	$18.71
2025-12-29	Maroney Dawn Christine	Sell	15K	$19.38
2025-12-29	JOYCE CHRISTOPHER J	Sell	15K	$18.71
2025-12-29	JOYCE CHRISTOPHER J	Sell	888	$19.38
2025-12-15	Maroney Dawn Christine	Sell	113K	$20.01
2025-12-12	Maroney Dawn Christine	Sell	17K	$20.02
2025-12-12	General Atlantic (ALN HLTH), L.P.	Sell	11.1M	$18.57
2025-12-12	GENERAL ATLANTIC, L.P.	Sell	11.1M	$18.57
2025-12-10	Burzacchi Sebastian	Sell	13K	$19.26
2025-12-10	KAO JOHN E	Sell	180K	$19.02
2025-12-08	JOYCE CHRISTOPHER J	Sell	20K	$19.33
2025-11-25	KONOWIECKI JOSEPH S	Sell	25K	$19.00
2025-11-11	KONOWIECKI JOSEPH S	Sell	4.8K	$16.49
2025-11-10	KAO JOHN E	Sell	180K	$16.32
2025-10-28	KONOWIECKI JOSEPH S	Sell	25K	$18.00
2025-10-10	KAO JOHN E	Sell	180K	$17.29
2025-10-09	Kim Hyong	Sell	51K	$17.57
2025-10-08	Kim Hyong	Sell	34K	$17.29
2025-09-17	General Atlantic (ALN HLTH), L.P.	Sell	6.2M	$16.01
2025-09-17	GENERAL ATLANTIC, L.P.	Sell	6.2M	$16.01
2025-09-16	KONOWIECKI JOSEPH S	Sell	16K	$16.24
2025-09-12	General Atlantic (ALN HLTH), L.P.	Sell	13.5M	$16.01
2025-09-12	GENERAL ATLANTIC, L.P.	Sell	13.5M	$16.01
2025-09-10	Scavo Robert L.	Sell	8.4K	$16.86
2025-09-10	Scavo Robert L.	Sell	21K	$16.23
2025-09-10	Maroney Dawn Christine	Sell	78K	$16.23
2025-09-10	Maroney Dawn Christine	Sell	31K	$16.86
2025-09-10	Maroney Dawn Christine	Sell	107K	$16.42
2025-09-10	KAO JOHN E	Sell	254K	$16.23
2025-09-10	KAO JOHN E	Sell	101K	$16.86
2025-09-10	KAO JOHN E	Sell	180K	$16.42
2025-09-10	JOYCE CHRISTOPHER J	Sell	22K	$16.23
2025-09-10	JOYCE CHRISTOPHER J	Sell	8.8K	$16.86
2025-09-09	KONOWIECKI JOSEPH S	Sell	25K	$17.00
2025-08-25	Wagner Andreas P.	Sell	12K	$16.47
2025-08-22	Kim Hyong	Sell	25K	$16.00
2025-08-13	Maroney Dawn Christine	Sell	30K	$14.90
2025-08-13	Kim Hyong	Sell	19K	$15.03
2025-08-11	Kim Hyong	Sell	19K	$14.54
2025-08-11	KAO JOHN E	Sell	180K	$14.60
2025-07-31	JOYCE CHRISTOPHER J	Sell	15K	$16.01
2025-07-31	KONOWIECKI JOSEPH S	Sell	25K	$16.00
2025-07-14	Maroney Dawn Christine	Sell	30K	$13.44
2025-07-10	KAO JOHN E	Sell	180K	$13.41
2025-06-16	KAO JOHN E	Sell	90K	$14.48
2025-06-16	Maroney Dawn Christine	Sell	30K	$14.48
2025-06-11	Scavo Robert L.	Sell	41K	$15.20
2025-06-11	KAO JOHN E	Sell	90K	$15.27
2025-06-11	Wagner Andreas P.	Sell	19K	$15.26
2025-06-10	Scavo Robert L.	Sell	60K	$14.60
2025-06-04	Head James M	Grant	82K	—
2025-05-19	General Atlantic (ALN HLTH), L.P.	Sell	17.0M	$15.28
2025-05-19	GENERAL ATLANTIC, L.P.	Sell	17.0M	$15.28
2025-05-14	Maroney Dawn Christine	Sell	22K	$14.79
2025-05-14	Maroney Dawn Christine	Sell	7.8K	$15.12
2025-05-12	KAO JOHN E	Sell	90K	$14.84
2025-05-07	McCarthy Margaret M	Grant	1.3K	—
2025-05-07	KONOWIECKI JOSEPH S	Grant	13K	—
2025-05-01	JOYCE CHRISTOPHER J	Sell	25K	$16.87
2025-04-14	Maroney Dawn Christine	Sell	230K	$19.10
2025-04-14	KAO JOHN E	Sell	90K	$19.10
2025-04-01	JOYCE CHRISTOPHER J	Sell	25K	$18.47
2025-03-27	Scavo Robert L.	Sell	2.9K	$17.89
2025-03-27	Kardes Hakan	Sell	7.2K	$17.89
2025-03-27	Maroney Dawn Christine	Sell	11K	$17.89
2025-03-27	Freeman Robert Thomas	Sell	6.7K	$17.89
2025-03-27	KAO JOHN E	Sell	34K	$17.89
2025-03-20	Kim Hyong	Sell	27K	$17.22
2025-03-19	Maroney Dawn Christine	Sell	5.9K	$16.96
2025-03-19	Wagner Andreas P.	Sell	4.9K	$16.09
2025-03-19	Freeman Robert Thomas	Sell	7.3K	$16.09
2025-03-19	Freeman Robert Thomas	Sell	4.1K	$16.96
2025-03-19	Scavo Robert L.	Sell	4.6K	$16.09
2025-03-19	KAO JOHN E	Sell	22K	$16.09
2025-03-19	KAO JOHN E	Sell	12K	$16.96
2025-03-19	Scavo Robert L.	Sell	2.6K	$16.96
2025-03-19	Wagner Andreas P.	Sell	2.7K	$16.96
2025-03-19	Kardes Hakan	Sell	4.2K	$16.09
2025-03-19	Kardes Hakan	Sell	2.4K	$16.96
2025-03-19	Burzacchi Sebastian	Sell	4.3K	$16.09
2025-03-19	JOYCE CHRISTOPHER J	Sell	7.1K	$16.09
2025-03-19	JOYCE CHRISTOPHER J	Sell	4.0K	$16.96
2025-03-19	Kim Hyong	Sell	5.3K	$16.09
2025-03-19	Kim Hyong	Sell	3.0K	$16.96
2025-03-19	Burzacchi Sebastian	Sell	2.4K	$16.96
2025-03-19	Maroney Dawn Christine	Sell	11K	$16.09
2025-03-18	Wagner Andreas P.	Sell	4.9K	$16.89
2025-03-18	Scavo Robert L.	Sell	3.9K	$16.89
2025-03-18	Kardes Hakan	Sell	25K	$17.01
2025-03-18	JOYCE CHRISTOPHER J	Sell	6.7K	$16.89
2025-03-18	Maroney Dawn Christine	Sell	27K	$16.89
2025-03-18	Freeman Robert Thomas	Sell	14K	$16.89
2025-03-18	KAO JOHN E	Sell	28K	$16.89
2025-03-17	Maroney Dawn Christine	Sell	30K	$15.99
2025-03-13	Wagner Andreas P.	Grant	35K	—
2025-03-13	McClellan Mark B.	Grant	12K	—
2025-03-13	HODGSON DAVID C	Grant	19K	—
2025-03-13	Vorhoff Nicholas Robbert	Grant	19K	—
2025-03-13	KONOWIECKI JOSEPH S	Grant	12K	—
2025-03-13	BILNEY JODY L	Grant	15K	—
2025-03-13	JORDEN YON	Grant	12K	—
2025-03-13	McCarthy Margaret M	Grant	12K	—
2025-03-13	KOSECOFF JACQUELINE B	Grant	12K	—
2025-03-13	Scavo Robert L.	Grant	49K	—
2025-03-13	Kardes Hakan	Grant	40K	—
2025-03-13	JOYCE CHRISTOPHER J	Grant	71K	—
2025-03-13	Kim Hyong	Grant	58K	—
2025-03-13	Freeman Robert Thomas	Grant	94K	—
2025-03-13	KAO JOHN E	Grant	339K	—
2025-03-13	Maroney Dawn Christine	Grant	171K	—
2025-03-13	Burzacchi Sebastian	Grant	40K	—
2025-03-13	General Atlantic (ALN HLTH), L.P.	Grant	37K	—
2025-03-13	GENERAL ATLANTIC, L.P.	Grant	37K	—
2025-03-12	Scavo Robert L.	Sell	5.2K	$15.42
2025-03-12	Scavo Robert L.	Sell	75	$15.74
2025-03-12	Kardes Hakan	Sell	4.8K	$15.42
2025-03-12	Kardes Hakan	Sell	69	$15.74
2025-03-12	Maroney Dawn Christine	Sell	27K	$15.42
2025-03-12	Maroney Dawn Christine	Sell	385	$15.74
2025-03-12	Freeman Robert Thomas	Sell	14K	$15.42
2025-03-12	Freeman Robert Thomas	Sell	208	$15.74
2025-03-12	KAO JOHN E	Sell	52K	$15.42
2025-03-12	KAO JOHN E	Sell	750	$15.74
2025-03-11	KAO JOHN E	Sell	90K	$15.36
2025-03-11	KAO JOHN E	Sell	100	$15.72
2025-03-07	Kim Hyong	Sell	21K	$15.05
2025-03-07	Kim Hyong	Sell	568	$15.65
2025-03-06	Kim Hyong	Sell	7.6K	$15.53
2025-03-06	Scavo Robert L.	Sell	55K	$15.53
2025-03-06	Maroney Dawn Christine	Sell	279K	$15.53
2025-03-06	Freeman Robert Thomas	Sell	218K	$15.53
2025-03-06	KAO JOHN E	Sell	555K	$15.53
2025-03-06	JOYCE CHRISTOPHER J	Sell	11K	$15.53
2025-03-06	Kardes Hakan	Sell	87K	$15.53
2025-03-05	Kim Hyong	Sell	13K	$15.72
2025-03-04	Freeman Robert Thomas	Sell	250K	$15.58
2025-03-04	KAO JOHN E	Grant	2.5M	—
2025-03-04	Freeman Robert Thomas	Grant	1.0M	—
2025-03-04	JOYCE CHRISTOPHER J	Grant	58K	—
2025-03-04	JOYCE CHRISTOPHER J	Sell	25K	$15.58
2025-03-04	Kardes Hakan	Grant	474K	—
2025-03-04	Maroney Dawn Christine	Grant	1.0M	—
2025-03-04	Kim Hyong	Grant	58K	—
2025-03-04	Scavo Robert L.	Grant	292K	—
2025-03-03	Maroney Dawn Christine	Gift	14K	—
2025-02-18	Maroney Dawn Christine	Sell	30K	$13.72
2025-02-12	Wagner Andreas P.	Sell	15K	$14.38
2025-02-11	KAO JOHN E	Sell	90K	$14.23
2025-01-24	Kardes Hakan	Sell	14K	$14.98
2025-01-21	Kardes Hakan	Sell	10K	$14.99
2025-01-15	Maroney Dawn Christine	Sell	30K	$13.61
2025-01-13	KAO JOHN E	Sell	52K	$12.81
2025-01-13	KAO JOHN E	Sell	38K	$13.41

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-09	Shareholder vote	filing ↗
2026-05-12	5.03Reg FD	filing ↗
2026-04-30	ResultsExhibits	filing ↗
2026-03-04	Material agreementExhibits	filing ↗
2026-02-26	ResultsExhibits	filing ↗
2026-01-12	Reg FDExhibits	filing ↗
2025-10-30	ResultsExhibits	filing ↗
2025-09-09	Reg FD	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-09	2026-06-04	0001628280-26-041926 ↗
8-K	2026-05-12	2026-05-06	0001628280-26-034147 ↗
10-Q	2026-04-30	2026-03-31	0001628280-26-028901 ↗
8-K	2026-04-30	2026-04-30	0001171843-26-002895 ↗
8-K	2026-03-04	2026-03-02	0001193125-26-091486 ↗
10-K	2026-02-27	2025-12-31	0001628280-26-012545 ↗
8-K	2026-02-26	2026-02-26	0001171843-26-001139 ↗
8-K	2026-01-12	2026-01-12	0001628280-26-001783 ↗
8-K	2025-10-30	2025-10-30	0001171843-25-006831 ↗
10-Q	2025-10-30	2025-09-30	0001628280-25-047538 ↗
8-K	2025-09-09	2025-09-09	0001832466-25-000006 ↗
8-K	2025-07-30	2025-07-30	0001171843-25-004825 ↗