NYSE : ALIT
Alight, Inc. — Financial statements
Technology · Software - Application · United States
Last price 8.93 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 236.14M
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Financial statements
Alight, Inc. (ALIT) reported revenue of 2.23B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.23B | 2.26B | 2.33B | 2.39B | 2.21B | 2.92B |
| Cost of Revenue | 1.39B | 1.39B | 1.44B | 1.50B | 1.47B | 1.89B |
| Gross Profit | 837.00M | 876.00M | 890.00M | 882.00M | 735.00M | 1.03B |
| Selling, General & Admin | 372.00M | 380.00M | 522.00M | 517.00M | 433.00M | 526.00M |
| Operating Expenses | 787.00M | 787.00M | 917.00M | 890.00M | 783.00M | 859.00M |
| Operating Income | 50.00M | 89.00M | -27.00M | -8.00M | -48.00M | 167.00M |
| Interest Expense | -96.00M | -92.00M | -103.00M | -131.00M | -121.00M | -180.00M |
| Currency Exchange Gain (Loss) | -1.00M | -1.00M | -1.00M | -2.00M | -3.00M | -13.00M |
| Other Non Operating Income (Expenses) | 220.00M | 121.00M | 46.00M | -123.00M | 94.00M | -27.00M |
| EBT Excluding Unusual Items | 173.00M | 117.00M | -85.00M | -264.00M | -78.00M | -53.00M |
| Merger & Restructuring Charges | -43.00M | -55.00M | -63.00M | -73.00M | -46.00M | |
| Impairment of Goodwill | -2.14B | -3.12B | ||||
| Pretax Income | -2.01B | -3.06B | -148.00M | -337.00M | -124.00M | -53.00M |
| Income Tax Expense | 6.00M | 16.00M | -8.00M | -20.00M | 16.00M | 20.00M |
| Earnings From Continuing Operations | -2.02B | -3.08B | -140.00M | -317.00M | -140.00M | -73.00M |
| Earnings From Discontinued Operations | -12.00M | -21.00M | -19.00M | -45.00M | 68.00M | |
| Net Income to Company | -2.03B | -3.10B | -159.00M | -362.00M | -72.00M | -73.00M |
| Minority Interest in Earnings | 1.00M | 2.00M | 2.00M | 17.00M | 10.00M | 13.00M |
| Net Income | -2.03B | -3.10B | -157.00M | -345.00M | -62.00M | -60.00M |
| Preferred Dividends & Other Adjustments | -25.00M | |||||
| Net Income to Common | -2.03B | -3.10B | -157.00M | -345.00M | -62.00M | -35.00M |
| Shares Outstanding (Basic) | 26.27M | 26.38M | 26.99M | 24.47M | 22.93M | 21.99M |
| Shares Outstanding (Diluted) | 26.27M | 26.38M | 27.02M | 24.47M | 22.93M | 21.99M |
| EPS (Basic) | -77.21 | -117.41 | -5.82 | -14.10 | -2.70 | -1.59 |
| EPS (Diluted) | -77.21 | -117.41 | -5.85 | -14.10 | -2.70 | -1.60 |
| Free Cash Flow | 249.00M | 250.00M | 131.00M | 246.00M | 155.00M | 1.00M |
| Free Cash Flow Per Share | 9.48 | 9.48 | 4.85 | 10.05 | 6.76 | 0.04 |
| Dividend Per Share | 1.60 | 3.20 | 0.80 | |||
| Gross Margin | 37.52% | 38.73% | 38.16% | 36.97% | 33.30% | 35.20% |
| Operating Margin | 2.24% | 3.94% | -1.16% | -0.34% | -2.17% | 5.73% |
| Profit Margin | -90.90% | -136.91% | -6.73% | -14.46% | -2.81% | -1.20% |
| Free Cash Flow Margin | 11.16% | 11.05% | 5.62% | 10.31% | 7.02% | 0.03% |
| EBITDA | 465.00M | 496.00M | 368.00M | 365.00M | 302.00M | 500.00M |
| EBITDA Margin | 20.84% | 21.93% | 15.78% | 15.30% | 13.68% | 17.15% |
| D&A For EBITDA | 415.00M | 407.00M | 395.00M | 373.00M | 350.00M | 333.00M |
| EBIT | 50.00M | 89.00M | -27.00M | -8.00M | -48.00M | 167.00M |
| EBIT Margin | 2.24% | 3.94% | -1.16% | -0.34% | -2.17% | 5.73% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 215.00M | 273.00M | 343.00M | 324.00M | 250.00M | 372.00M |
| Trading Asset Securities | 4.00M | 5.00M | 23.00M | |||
| Cash & Short-Term Investments | 219.00M | 278.00M | 366.00M | 324.00M | 250.00M | 372.00M |
| Accounts Receivable | 340.00M | 387.00M | 471.00M | 435.00M | 678.00M | 515.00M |
| Other Receivables | 36.00M | 90.00M | 89.00M | 107.00M | 149.00M | 148.00M |
| Receivables | 376.00M | 477.00M | 560.00M | 542.00M | 827.00M | 663.00M |
| Prepaid Expenses | 57.00M | 55.00M | 56.00M | 48.00M | 68.00M | 66.00M |
| Restricted Cash | 233.00M | 248.00M | 239.00M | |||
| Other Current Assets | 88.00M | 84.00M | 46.00M | 1.86B | 1.67B | 1.37B |
| Total Current Assets | 973.00M | 1.14B | 1.27B | 2.78B | 2.82B | 2.47B |
| Property, Plant & Equipment | 391.00M | 414.00M | 438.00M | 387.00M | 406.00M | 356.00M |
| Long-Term Investments | 8.00M | |||||
| Goodwill | 83.00M | 83.00M | 3.21B | 3.21B | 3.68B | 3.64B |
| Other Intangible Assets | 2.43B | 2.57B | 2.85B | 3.14B | 3.87B | 4.17B |
| Long-Term Deferred Tax Assets | 32.00M | 15.00M | 41.00M | 38.00M | 6.00M | 3.00M |
| Long-Term Deferred Charges | 281.00M | 276.00M | 263.00M | 240.00M | 342.00M | 274.00M |
| Other Long-Term Assets | 75.00M | 65.00M | 109.00M | 993.00M | 114.00M | 78.00M |
| Total Assets | 4.27B | 4.57B | 8.19B | 10.78B | 11.23B | 10.99B |
| Accounts Payable | 213.00M | 240.00M | 343.00M | 325.00M | 508.00M | 406.00M |
| Current Portion of Long-Term Debt | 20.00M | 21.00M | 25.00M | 25.00M | 31.00M | 46.00M |
| Current Portion of Leases | 41.00M | 38.00M | 36.00M | 38.00M | 59.00M | 71.00M |
| Current Unearned Revenue | 93.00M | 112.00M | 91.00M | 97.00M | 141.00M | 148.00M |
| Other Current Liabilities | 316.00M | 463.00M | 397.00M | 1.70B | 1.61B | 1.45B |
| Total Current Liabilities | 683.00M | 874.00M | 892.00M | 2.19B | 2.35B | 2.12B |
| Long-Term Debt | 1.98B | 1.99B | 2.00B | 2.77B | 2.79B | 2.83B |
| Long-Term Leases | 71.00M | 76.00M | 95.00M | 72.00M | 121.00M | 173.00M |
| Long-Term Unearned Revenue | 33.00M | 36.00M | 40.00M | 45.00M | 93.00M | 55.00M |
| Long-Term Deferred Tax Liabilities | 15.00M | 14.00M | 22.00M | 32.00M | 60.00M | 36.00M |
| Other Long-Term Liabilities | 464.00M | 537.00M | 831.00M | 935.00M | 732.00M | 840.00M |
| Total Liabilities | 3.24B | 3.52B | 3.88B | 6.04B | 6.15B | 6.06B |
| Additional Paid-In Capital | 5.08B | 5.07B | 5.14B | 4.95B | 4.51B | 4.23B |
| Retained Earnings | -3.79B | -3.76B | -660.00M | -503.00M | -158.00M | -96.00M |
| Treasury Stock | -284.00M | -284.00M | -219.00M | -52.00M | -12.00M | |
| Comprehensive Income & Other | 18.00M | 20.00M | 47.00M | 71.00M | 95.00M | 8.00M |
| Total Common Equity | 1.02B | 1.04B | 4.31B | 4.46B | 4.44B | 4.14B |
| Minority Interest | 2.00M | 2.00M | 4.00M | 280.00M | 650.00M | 788.00M |
| Shareholders' Equity | 1.03B | 1.05B | 4.31B | 4.74B | 5.09B | 4.93B |
| Total Liabilities & Equity | 4.27B | 4.57B | 8.19B | 10.78B | 11.23B | 10.99B |
| Total Debt | 2.11B | 2.12B | 2.16B | 2.90B | 3.00B | 3.12B |
| Net Cash (Debt) | -1.89B | -1.84B | -1.79B | -2.58B | -2.75B | -2.75B |
| Net Cash Per Share | -71.92 | -69.83 | -66.25 | -105.42 | -120.07 | -125.01 |
| Filing Date Shares Outstanding | 26.42M | 26.21M | 26.63M | 27.39M | 23.91M | 23.26M |
| Total Common Shares Outstanding | 26.40M | 26.20M | 26.59M | 25.54M | 23.92M | 23.21M |
| Working Capital | 290.00M | 268.00M | 375.00M | 589.00M | 468.00M | 344.00M |
| Book Value Per Share | 38.79 | 39.85 | 162.08 | 174.68 | 185.60 | 178.41 |
| Tangible Book Value | -1.49B | -1.61B | -1.76B | -1.89B | -3.11B | -3.67B |
| Tangible Book Value Per Share | -56.52 | -61.53 | -66.13 | -73.83 | -130.12 | -158.07 |
| Machinery | 121.00M | 181.00M | 116.00M | 128.00M | 114.00M | |
| Construction In Progress | 45.00M | 41.00M | 50.00M | 73.00M | 58.00M | |
| Leasehold Improvements | 43.00M | 45.00M | 44.00M | 42.00M | 40.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -2.03B | -3.10B | -157.00M | -345.00M | -62.00M | -73.00M |
| Depreciation & Amortization | 415.00M | 407.00M | 395.00M | 373.00M | 350.00M | 333.00M |
| Other Amortization | 2.00M | 2.00M | -2.00M | 9.00M | ||
| Asset Writedown & Restructuring Costs | 2.14B | 3.12B | ||||
| Stock-Based Compensation | 19.00M | 19.00M | 76.00M | 139.00M | 164.00M | 72.00M |
| Other Operating Activities | -183.00M | -45.00M | -16.00M | 161.00M | -148.00M | 59.00M |
| Change in Accounts Receivable | 71.00M | 84.00M | -37.00M | -20.00M | -74.00M | 23.00M |
| Change in Accounts Payable | -42.00M | -90.00M | 31.00M | -61.00M | 69.00M | 11.00M |
| Change in Other Net Operating Assets | -42.00M | -44.00M | -99.00M | 2.00M | -61.00M | -319.00M |
| Operating Cash Flow | 353.00M | 360.00M | 252.00M | 386.00M | 286.00M | 115.00M |
| Capital Expenditures | -104.00M | -110.00M | -121.00M | -140.00M | -131.00M | -114.00M |
| Cash Acquisitions | 1.00M | -87.00M | -1.79B | |||
| Divestitures | -13.00M | -13.00M | 968.00M | |||
| Other Investing Activities | -11.00M | -20.00M | -17.00M | |||
| Investing Cash Flow | -117.00M | -123.00M | 836.00M | -159.00M | -235.00M | -1.91B |
| Long-Term Debt Issued | 104.00M | 737.00M | ||||
| Long-Term Debt Repaid | -42.00M | -792.00M | -50.00M | -171.00M | -275.00M | |
| Net Debt Issued (Repaid) | -39.00M | -42.00M | -792.00M | -50.00M | -67.00M | 462.00M |
| Repurchase of Common Stock | -27.00M | -77.00M | -226.00M | -56.00M | -20.00M | -13.00M |
| Common Dividends Paid | -44.00M | -86.00M | -21.00M | |||
| Other Financing Activities | -119.00M | -93.00M | -35.00M | -125.00M | 141.00M | 1.89B |
| Financing Cash Flow | -229.00M | -298.00M | -1.07B | -231.00M | 54.00M | 2.34B |
| Foreign Exchange Rate Adjustments | -1.00M | -2.00M | 4.00M | 2.00M | 11.00M | |
| Miscellaneous Cash Flow Adjustments | -1.19B | |||||
| Net Cash Flow | 6.00M | -61.00M | -1.18B | 107.00M | 555.00M | |
| Free Cash Flow | 249.00M | 250.00M | 131.00M | 246.00M | 155.00M | 1.00M |
| Free Cash Flow Margin | 11.16% | 11.05% | 5.62% | 10.31% | 7.02% | 0.03% |
| Free Cash Flow Per Share | 9.48 | 9.48 | 4.85 | 10.05 | 6.76 | 0.04 |
| Levered Free Cash Flow | 133.25M | 337.12M | 526.75M | 263.12M | 58.38M | 276.88M |
| Unlevered Free Cash Flow | 191.25M | 392.62M | 591.12M | 347.00M | 134.00M | 380.38M |
| Cash Interest Paid | 94.00M | 94.00M | 108.00M | 128.00M | 126.00M | 176.00M |
| Cash Income Tax Paid | 36.00M | 36.00M | 50.00M | 46.00M | 17.00M | 13.00M |
| Change in Working Capital | -13.00M | -50.00M | -105.00M | -79.00M | -66.00M | -285.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 261.26M | 1.02B | 3.68B | 4.34B | 3.96B | 4.83B |
| Enterprise Value | 2.15B | 2.94B | 5.53B | 7.37B | 7.45B | 8.03B |
| Last Close Price | 8.93 | 39.00 | 132.83 | 162.92 | 159.67 | 206.47 |
| Forward PE | 2.08 | 3.34 | 11.46 | 12.57 | 12.96 | 13.95 |
| PS Ratio | 0.12 | 0.45 | 1.58 | 1.82 | 1.79 | 1.66 |
| PB Ratio | 0.23 | 0.97 | 0.85 | 0.92 | 0.78 | 0.98 |
| P/FCF Ratio | 1.04 | 4.08 | 28.13 | 17.64 | 25.54 | 4,829.94 |
| P/OCF Ratio | 0.74 | 2.83 | 14.62 | 11.24 | 13.84 | 42.00 |
| PEG Ratio | 1.30 | 1.30 | 1.20 | |||
| EV/Sales Ratio | 0.96 | 1.30 | 2.37 | 3.09 | 3.38 | 2.76 |
| EV/EBITDA Ratio | 4.62 | 5.93 | 15.02 | 20.18 | 24.68 | 16.07 |
| EV/EBIT Ratio | 42.97 | 33.06 | 48.11 | |||
| EV/FCF Ratio | 8.63 | 11.77 | 42.19 | 29.94 | 48.09 | 8,033.94 |
| Debt / Equity Ratio | 2.06 | 2.03 | 0.50 | 0.61 | 0.59 | 0.63 |
| Debt / EBITDA Ratio | 4.38 | 4.13 | 5.59 | 7.62 | 9.56 | 5.90 |
| Debt / FCF Ratio | 8.47 | 8.48 | 16.46 | 11.80 | 19.37 | 3,121.00 |
| Net Debt / Equity Ratio | 1.84 | 1.76 | 0.41 | 0.54 | 0.54 | 0.56 |
| Net Debt / EBITDA Ratio | 4.06 | 3.71 | 4.86 | 7.07 | 9.12 | 5.50 |
| Net Debt / FCF Ratio | 7.59 | 7.37 | 13.66 | 10.49 | 17.76 | 2,749.00 |
| Asset Turnover | 0.40 | 0.35 | 0.25 | 0.22 | 0.20 | 0.33 |
| Quick Ratio | 0.87 | 0.86 | 1.04 | 0.40 | 0.46 | 0.49 |
| Current Ratio | 1.43 | 1.31 | 1.42 | 1.27 | 1.20 | 1.16 |
| Return on Equity (ROE) | -97.28% | -114.87% | -3.09% | -6.45% | -2.79% | -2.60% |
| Return on Assets (ROA) | 0.57% | 0.87% | -0.18% | -0.04% | -0.27% | 1.16% |
| Return on Invested Capital (ROIC) | 1.70% | 1.98% | -0.40% | -0.11% | -0.62% | 2.72% |
| Return on Capital Employed (ROCE) | 1.40% | 2.40% | -0.40% | -0.10% | -0.50% | 1.90% |
| Earnings Yield | -781.47% | -303.80% | -4.26% | -7.95% | -1.57% | -1.24% |
| FCF Yield | 95.89% | 24.52% | 3.55% | 5.67% | 3.91% | 0.02% |
| Dividend Yield | 8.10% | 8.22% | 0.58% | |||
| Buyback Yield / Dilution | 1.51% | 2.37% | -10.40% | -6.74% | -4.26% | |
| Total Shareholder Return | 9.65% | 10.59% | -9.82% | -6.74% | -4.26% |