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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 446,184 $ 432,859
Accounts receivable (less allowance for credit losses of $0 at March 31, 2025 and $0 at December 31, 2024) 214,059 153,904
Investments - current 33,360 37,791
Prepaid expenses and other current assets 80,883 37,084
Total current assets 774,486 661,638
Property and equipment, net 68,504 67,139
Right of use asset, net 7,750 7,818
Goodwill 34,192 34,826
Intangible Assets, net 4,550 4,550
Other assets 6,135 6,092
Total assets 895,617 782,063
Current Liabilities:    
Medical expenses payable 396,734 289,788
Accounts payable and accrued expenses 28,032 22,126
Accrued compensation 32,353 39,931
Total current liabilities 457,119 351,845
Long-term debt, net of debt issuance costs 321,855 321,428
Long-term portion of lease liabilities 7,648 7,835
Total liabilities 786,622 681,108
Commitments and Contingencies (Note 12)
Stockholders' Equity:    
Preferred stock, $.001 par value; 100,000,000 shares authorized as of March 31, 2025 and December 31, 2024, respectively; no shares issued and outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock, $.001 par value; 1,000,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 197,667,653 and 191,778,639 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 198 192
Additional paid-in capital 1,125,340 1,107,952
Accumulated deficit (1,017,407) (1,008,293)
Total Alignment Healthcare, Inc. stockholders' equity 108,131 99,851
Noncontrolling interest 864 1,104
Total stockholders' equity 108,995 100,955
Total liabilities and stockholders' equity $ 895,617 $ 782,063