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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Bilibili Inc. (BILI). Click either name above to swap in a different company.
Bilibili Inc. is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.0× Alignment Healthcare, Inc.). Bilibili Inc. runs the higher net margin — 6.0% vs 0.9%, a 5.0% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs -74.7%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (34.6% CAGR vs 27.3%).
Alignment Healthcare, Inc. is a U.S.-based healthcare provider offering Medicare Advantage plans for seniors. It adopts a value-based care model, partnering with local providers to deliver personalized coordinated medical services, prescription drug coverage and supplemental benefits to members across multiple U.S. states.
Bilibili, nicknamed B Site, is a Chinese online video sharing website based in Shanghai where users can submit, view, and add overlaid commentary on videos.
ALHC vs BILI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.3B |
| Net Profit | $11.4M | $75.7M |
| Gross Margin | — | 37.0% |
| Operating Margin | — | 5.8% |
| Net Margin | 0.9% | 6.0% |
| Revenue YoY | -74.7% | 26.2% |
| Net Profit YoY | — | 143.0% |
| EPS (diluted) | — | $1.14 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $993.7M | $1.1B | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $926.9M | $965.1M | ||
| Q4 24 | $701.2M | $1.0B | ||
| Q3 24 | $692.4M | $1.0B | ||
| Q2 24 | $681.3M | $843.1M |
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | $75.7M | ||
| Q3 25 | $3.7M | $65.9M | ||
| Q2 25 | $15.7M | $30.5M | ||
| Q1 25 | $-9.1M | $-1.5M | ||
| Q4 24 | $-31.1M | $-176.0M | ||
| Q3 24 | $-26.4M | $11.4M | ||
| Q2 24 | $-24.0M | $83.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 37.0% | ||
| Q3 25 | — | 36.7% | ||
| Q2 25 | — | 36.5% | ||
| Q1 25 | — | 36.3% | ||
| Q4 24 | — | 36.2% | ||
| Q3 24 | — | 34.9% | ||
| Q2 24 | — | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 5.8% | ||
| Q3 25 | 0.8% | 4.6% | ||
| Q2 25 | 2.2% | 3.4% | ||
| Q1 25 | -0.6% | 0.2% | ||
| Q4 24 | -3.2% | -16.0% | ||
| Q3 24 | -2.8% | 0.9% | ||
| Q2 24 | -2.7% | 9.5% |
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | 6.0% | ||
| Q3 25 | 0.4% | 6.1% | ||
| Q2 25 | 1.5% | 3.0% | ||
| Q1 25 | -1.0% | -0.2% | ||
| Q4 24 | -4.4% | -17.5% | ||
| Q3 24 | -3.8% | 1.1% | ||
| Q2 24 | -3.5% | 9.9% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $1.14 | ||
| Q3 25 | $0.02 | $1.05 | ||
| Q2 25 | $0.07 | $0.51 | ||
| Q1 25 | $-0.05 | $0.00 | ||
| Q4 24 | $-0.15 | $0.21 | ||
| Q3 24 | $-0.14 | $-0.03 | ||
| Q2 24 | $-0.13 | $-0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $705.6M | $2.7B |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $206.9M | $2.2B |
| Total Assets | $1.3B | $5.9B |
| Debt / EquityLower = less leverage | — | 0.62× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | $2.7B | ||
| Q3 25 | $644.1M | $2.4B | ||
| Q2 25 | $503.8M | — | ||
| Q1 25 | $479.5M | $1.9B | ||
| Q4 24 | $470.6M | $1.8B | ||
| Q3 24 | $381.0M | $11.7B | ||
| Q2 24 | $363.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | $323.2M | $1.4B | ||
| Q3 25 | $322.7M | $1.4B | ||
| Q2 25 | $322.3M | — | ||
| Q1 25 | $321.9M | $700.3M | ||
| Q4 24 | $321.4M | $662.5M | ||
| Q3 24 | $212.0M | $4.3B | ||
| Q2 24 | $211.7M | — |
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | $2.2B | ||
| Q3 25 | $161.9M | $2.1B | ||
| Q2 25 | $141.0M | — | ||
| Q1 25 | $108.1M | $2.0B | ||
| Q4 24 | $99.9M | $1.9B | ||
| Q3 24 | $114.5M | $13.7B | ||
| Q2 24 | $123.7M | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $5.9B | ||
| Q3 25 | $1.1B | $5.6B | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $895.6M | $4.6B | ||
| Q4 24 | $782.1M | $4.5B | ||
| Q3 24 | $692.3M | $32.0B | ||
| Q2 24 | $716.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 0.62× | ||
| Q3 25 | 1.99× | 0.65× | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.98× | 0.35× | ||
| Q4 24 | 3.22× | 0.34× | ||
| Q3 24 | 1.85× | 0.31× | ||
| Q2 24 | 1.71× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $128.7M | $263.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 11.27× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | $263.1M | ||
| Q3 25 | $144.6M | $283.2M | ||
| Q2 25 | $29.1M | $277.7M | ||
| Q1 25 | $16.6M | $179.4M | ||
| Q4 24 | $-8.7M | $191.9M | ||
| Q3 24 | $26.2M | $2.2B | ||
| Q2 24 | $23.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | — | ||
| Q3 25 | $139.1M | — | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $8.4M | $174.5M | ||
| Q4 24 | $-18.0M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $11.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 0.9% | 18.1% | ||
| Q4 24 | -2.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.9% | 0.5% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 1.7% | — |
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | 3.47× | ||
| Q3 25 | 38.77× | 4.30× | ||
| Q2 25 | 1.86× | 9.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 195.23× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
BILI
| Value-added services (VAS) | $466.4M | 37% |
| Advertising | $435.0M | 34% |
| Mobile games | $220.3M | 17% |
| Other | $80.8M | 6% |
| IP derivatives and others | $68.2M | 5% |
