Alight (ALIT) Financials

$5.23 -0.01 (-0.11%)

Closing price 06/18/2025 03:59 PM Eastern

Extended Trading

$5.32 +0.09 (+1.64%)

As of 06/18/2025 07:15 PM Eastern

Annual Income Statements for Alight

This table shows Alight's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-2,723	-103	-62	-345	-157
Consolidated Net Income / (Loss)	44	-103	-72	-362	-159
Net Income / (Loss) Continuing Operations	-2,723	-103	-140	-317	-140
Total Pre-Tax Income	76	-94	-124	-337	-148
Total Operating Income	530	147	-94	-81	-90
Total Gross Profit	883	834	686	810	794
Total Revenue	0.00	2,728	2,207	2,386	2,332
Operating Revenue	-	2,728	2,207	2,386	2,332
Total Cost of Revenue	1,619	1,894	1,521	1,576	1,538
Operating Cost of Revenue	1,619	1,894	1,521	1,576	1,538
Total Operating Expenses	618	687	780	891	884
Selling, General & Admin Expense	415	461	479	590	585
Depreciation Expense	203	226	301	301	299
Total Other Income / (Expense), net	-454	-241	-30	-256	-58
Interest Expense	448	234	121	131	103
Other Income / (Expense), net	-6.00	-7.00	91	-125	45
Income Tax Expense	32	9.00	16	-20	-8.00
Net Income / (Loss) Discontinued Operations	-	-	68	-45	-19
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	-10	-17	-2.00
Basic Earnings per Share	$0.00	$0.00	($0.14)	($0.70)	($0.29)
Weighted Average Basic Shares Outstanding	-	-	557.27M	562.98M	543.09M
Diluted Earnings per Share	$0.00	$0.00	($0.14)	($0.70)	($0.29)
Weighted Average Diluted Shares Outstanding	-	-	557.27M	562.98M	543.09M
Weighted Average Basic & Diluted Shares Outstanding	-	-	557.27M	562.98M	543.09M

This table shows Alight's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-37	-65	-68	-67	-48	-162	-114	23	-74	8.00	-25
Consolidated Net Income / (Loss)	-45	-66	-74	-72	-46	-170	-116	23	-74	8.00	-25
Net Income / (Loss) Continuing Operations	-45	-134	-84	-72	-40	-121	-121	-4.00	-44	29	-17
Total Pre-Tax Income	-65	-90	-107	-80	-54	-96	-148	-2.00	-53	55	-20
Total Operating Income	-50	-19	-40	-36	-45	40	-40	-52	-42	44	-8.00
Total Gross Profit	212	32	187	187	166	270	182	167	174	271	171
Total Revenue	750	17	586	561	557	682	559	538	555	680	548
Operating Revenue	750	17	586	561	557	682	559	538	555	680	548
Total Cost of Revenue	538	-15	399	374	391	412	377	371	381	409	377
Operating Cost of Revenue	538	-15	399	374	391	412	377	371	381	409	377
Total Operating Expenses	262	51	227	223	211	230	222	219	216	227	179
Selling, General & Admin Expense	178	4.00	151	149	136	154	146	146	142	151	104
Depreciation Expense	84	47	76	74	75	76	76	73	74	76	75
Total Other Income / (Expense), net	-15	-71	-67	-44	-9.00	-136	-108	50	-11	11	-12
Interest Expense	31	32	33	33	34	31	31	33	19	20	22
Other Income / (Expense), net	16	-39	-34	-11	25	-105	-77	83	8.00	31	10
Income Tax Expense	-20	44	-23	-8.00	-14	25	-27	2.00	-9.00	26	-3.00
Net Income / (Loss) Discontinued Operations	-	-	10	0.00	-6.00	-49	5.00	27	-30	-21	-8.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-8.00	-1.00	-6.00	-5.00	2.00	-8.00	-2.00	0.00	0.00	-	0.00
Basic Earnings per Share	($0.08)	($0.15)	($0.14)	($0.14)	($0.10)	($0.32)	($0.21)	$0.04	($0.14)	$0.02	($0.05)
Weighted Average Basic Shares Outstanding	555.74M	557.27M	556.55M	557.27M	552.93M	562.98M	561.49M	546.38M	543.02M	543.09M	538.26M
Diluted Earnings per Share	($0.08)	($0.14)	($0.14)	($0.14)	($0.10)	($0.32)	($0.21)	$0.04	($0.14)	$0.02	($0.05)
Weighted Average Diluted Shares Outstanding	555.74M	557.27M	556.55M	557.27M	552.93M	562.98M	561.49M	546.38M	543.02M	543.09M	538.26M
Weighted Average Basic & Diluted Shares Outstanding	555.74M	557.27M	556.55M	557.27M	552.93M	562.98M	561.49M	546.38M	543.02M	543.09M	538.26M

This table details how cash moves in and out of Alight's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	349	551	107	0.00	12
Net Cash From Operating Activities	268	233	286	386	252
Net Cash From Continuing Operating Activities	518	233	238	247	193
Net Income / (Loss) Continuing Operations	22	-103	-140	-317	-140
Depreciation Expense	136	91	72	92	115
Amortization Expense	388	220	276	279	280
Non-Cash Adjustments To Reconcile Net Income	23	46	71	281	62
Changes in Operating Assets and Liabilities, net	-51	-21	-41	-88	-124
Net Cash From Discontinued Operating Activities	-	-	48	139	59
Net Cash From Investing Activities	-604	-142	-235	-159	836
Net Cash From Continuing Investing Activities	-604	-142	-218	-139	847
Purchase of Property, Plant & Equipment	-77	-90	-131	-140	-121
Acquisitions	-527	-52	-87	1.00	0.00
Divestitures	-	-	0.00	0.00	968
Net Cash From Discontinued Investing Activities	-	-	-17	-20	-11
Net Cash From Financing Activities	420	463	54	-231	-1,074
Net Cash From Continuing Financing Activities	435	200	-184	-144	-1,096
Repayment of Debt	-120	-555	-174	-51	-792
Repurchase of Common Equity	-4.00	0.00	-12	-40	-167
Payment of Dividends	-	0.00	0.00	0.00	-21
Issuance of Debt	483	779	104	0.00	0.00
Other Financing Activities, net	76	-24	-102	-53	-116
Net Cash From Discontinued Financing Activities	-	-	238	-87	22
Effect of Exchange Rate Changes	-	-3.00	8.00	4.00	-3.00
Cash Interest Paid	204	210	126	128	108
Cash Income Taxes Paid	9.00	19	17	46	50

This table details how cash moves in and out of Alight's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	88	36	-133	-64	33	164	-10	-135	136	21	-132
Net Cash From Operating Activities	83	85	72	90	89	135	100	58	-24	118	73
Net Cash From Continuing Operating Activities	141	-21	72	41	113	21	100	-7.00	-18	118	73
Net Income / (Loss) Continuing Operations	-45	-134	-74	-82	-40	-121	-116	-9.00	-44	29	-17
Depreciation Expense	21	16	24	20	25	23	29	27	27	32	30
Amortization Expense	78	40	79	61	68	71	79	60	70	71	71
Non-Cash Adjustments To Reconcile Net Income	83	6.00	76	42	10	153	109	-62	13	2.00	9.00
Changes in Operating Assets and Liabilities, net	4.00	51	-33	-	50	-105	-1.00	-23	-84	-16	-20
Net Cash From Discontinued Operating Activities	-	-	-	-	-24	114	-	-	-6.00	-	0.00
Net Cash From Investing Activities	-36	-120	-45	-44	-38	-32	-36	-42	944	-30	-29
Net Cash From Continuing Investing Activities	-36	-103	-45	-33	-36	-25	-36	-31	944	-30	-29
Purchase of Property, Plant & Equipment	-36	-16	-45	-33	-36	-26	-36	-31	-28	-26	-29
Net Cash From Discontinued Investing Activities	-	-	-	-	-2.00	-7.00	-	-	-	-	0.00
Net Cash From Financing Activities	-17	127	-160	-115	-14	58	-74	-148	-784	-68	-176
Net Cash From Continuing Financing Activities	-17	-111	-160	86	-61	-9.00	-74	-170	-784	-68	-176
Repayment of Debt	-22	-17	-13	-13	-9.00	-16	-6.00	-21	-732	-33	-12
Repurchase of Common Equity	-12	-	-10	-4.00	-26	-	0.00	-80	-75	-12	-20
Payment of Dividends	-	-	-	-	-	-	-	-	-	-	-21
Other Financing Activities, net	17	-94	-137	103	-26	7.00	-68	-69	23	-2.00	-123
Net Cash From Discontinued Financing Activities	-	-	-	-	47	67	-	-	-	-	0.00
Effect of Exchange Rate Changes	-	-	-	-	-4.00	3.00	-	-	-	-	0.00

This table presents Alight's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	6,956	10,988	11,235	10,782	8,193
Total Current Assets	2,231	2,469	2,816	2,776	1,267
Cash & Equivalents	506	372	250	324	343
Accounts Receivable	532	515	678	435	471
Other Current Assets	1,193	1,582	1,888	494	453
Other Current Nonoperating Assets	-	-	-	1,523	0.00
Plant, Property, & Equipment, net	334	236	320	0.00	0.00
Total Noncurrent Assets	4,391	8,283	8,099	8,006	6,926
Goodwill	2,245	3,638	3,679	3,212	3,212
Intangible Assets	1,733	4,170	3,872	3,136	2,855
Noncurrent Deferred & Refundable Income Taxes	5.00	3.00	6.00	38	41
Other Noncurrent Operating Assets	408	472	542	672	818
Other Noncurrent Nonoperating Assets	-	-	-	948	0.00
Total Liabilities & Shareholders' Equity	6,956	10,988	11,235	10,782	8,193
Total Liabilities	6,273	6,060	6,146	6,040	3,880
Total Current Liabilities	1,785	2,125	2,348	2,187	892
Short-Term Debt	37	38	31	25	25
Accounts Payable	394	406	508	325	355
Other Current Liabilities	1,354	1,681	1,809	467	512
Other Current Nonoperating Liabilities	-	-	-	1,370	0.00
Total Noncurrent Liabilities	4,488	3,935	3,798	3,853	2,988
Long-Term Debt	4,041	2,830	2,792	2,769	2,000
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	617	628	765	779
Other Noncurrent Operating Liabilities	447	488	378	251	209
Other Noncurrent Nonoperating Liabilities	-	-	-	68	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	683	4,928	5,089	4,742	4,313
Total Preferred & Common Equity	683	4,140	4,439	4,462	4,309
Preferred Stock	-	-	-	0.00	0.00
Total Common Equity	683	4,140	4,439	4,462	4,309
Common Stock	852	4,228	4,514	4,946	5,141
Retained Earnings	-127	-96	-158	-503	-660
Treasury Stock	-	0.00	-12	-52	-219
Accumulated Other Comprehensive Income / (Loss)	-42	8.00	95	71	47
Noncontrolling Interest	0.00	788	650	280	4.00

This table presents Alight's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	10,903	10,917	10,772	10,749	10,714	10,473	8,271	7,913
Total Current Assets	2,506	2,576	2,488	2,549	3,617	3,443	1,201	1,062
Cash & Equivalents	304	239	271	276	256	183	300	223
Accounts Receivable	578	638	629	664	393	372	453	438
Other Current Assets	1,624	1,699	1,588	1,609	467	427	448	401
Plant, Property, & Equipment, net	296	342	358	357	387	393	394	0.00
Total Noncurrent Assets	8,101	7,999	7,926	7,843	6,710	6,637	6,676	6,851
Goodwill	3,624	3,680	3,681	3,682	3,212	3,212	3,212	3,212
Intangible Assets	3,926	3,793	3,713	3,632	3,066	2,995	2,925	2,784
Noncurrent Deferred & Refundable Income Taxes	6.00	11	9.00	5.00	86	86	96	47
Other Noncurrent Operating Assets	545	515	523	524	346	344	443	808
Total Liabilities & Shareholders' Equity	10,903	10,917	10,772	10,749	10,714	10,473	8,271	7,913
Total Liabilities	5,779	5,950	5,818	5,857	6,186	5,996	3,945	3,680
Total Current Liabilities	2,046	2,139	2,025	2,084	2,310	2,517	926	901
Short-Term Debt	31	25	25	25	25	329	25	20
Accounts Payable	404	392	385	428	278	249	334	296
Other Current Liabilities	1,611	1,722	1,615	1,631	532	478	567	585
Total Noncurrent Liabilities	3,733	3,811	3,793	3,773	3,876	3,479	3,019	2,779
Long-Term Debt	2,801	2,791	2,784	2,776	2,762	2,451	2,006	1,999
Noncurrent Deferred & Payable Income Tax Liabilities	555	628	646	697	816	789	786	600
Other Noncurrent Operating Liabilities	377	392	363	300	298	239	227	180
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,124	4,967	4,954	4,892	4,528	4,477	4,326	4,233
Total Preferred & Common Equity	4,348	4,523	4,515	4,526	4,519	4,473	4,322	4,229
Preferred Stock	-	-	-	-	-	0.00	0.00	0.00
Total Common Equity	4,348	4,523	4,515	4,526	4,519	4,473	4,322	4,229
Common Stock	4,366	4,690	4,734	4,823	5,113	5,134	5,149	5,114
Retained Earnings	-93	-226	-293	-341	-617	-594	-668	-685
Treasury Stock	-12	-22	-26	-52	-52	-132	-207	-239
Accumulated Other Comprehensive Income / (Loss)	87	81	100	96	75	65	48	39
Noncontrolling Interest	776	444	439	366	9.00	4.00	4.00	4.00

This table displays calculated financial ratios and metrics derived from Alight's official financial filings.

Metric	2019	2020	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	8.11%	-2.26%
EBITDA Growth	0.00%	-56.97%	0.00%	-52.17%	112.12%
EBIT Growth	0.00%	-73.28%	0.00%	-6,766.67%	78.16%
NOPAT Growth	0.00%	-66.46%	0.00%	13.83%	-11.11%
Net Income Growth	0.00%	-334.09%	0.00%	-402.78%	56.08%
EPS Growth	0.00%	0.00%	0.00%	-400.00%	58.57%
Operating Cash Flow Growth	0.00%	-13.06%	0.00%	34.97%	-34.72%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	-91.52%
Invested Capital Growth	0.00%	0.00%	0.00%	-19.36%	-2.98%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-9.83%	-30.55%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-37.26%	59.09%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-79.13%	78.97%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-35.00%	21.05%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-40.31%	52.82%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-34.62%	53.97%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	14.88%	-6.32%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	100.00%	639.02%	-90.55%
Invested Capital Q/Q Growth	0.00%	0.00%	0.13%	-16.69%	-1.02%
Profitability Metrics	-	-	-	-	-
Gross Margin	0.00%	30.57%	31.08%	33.95%	34.05%
EBITDA Margin	0.00%	16.53%	15.63%	6.92%	15.01%
Operating Margin	0.00%	5.39%	-4.26%	-3.39%	-3.86%
EBIT Margin	0.00%	5.13%	-0.14%	-8.63%	-1.93%
Profit (Net Income) Margin	0.00%	-3.78%	-3.26%	-15.17%	-6.82%
Tax Burden Percent	57.89%	109.57%	58.06%	107.42%	107.43%
Interest Burden Percent	14.50%	-67.14%	4,133.33%	163.59%	328.89%
Effective Tax Rate	42.11%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	4.84%	-0.86%	-0.82%	-1.04%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-6.69%	-1.10%	-16.05%	-7.19%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-35.00%	-0.56%	-6.55%	-2.48%
Return on Equity (ROE)	0.00%	-30.16%	-1.41%	-7.36%	-3.51%
Cash Return on Invested Capital (CROIC)	0.00%	-195.16%	0.00%	20.61%	1.99%
Operating Return on Assets (OROA)	0.00%	2.01%	-0.03%	-1.87%	-0.47%
Return on Assets (ROA)	0.00%	-1.48%	-0.65%	-3.29%	-1.68%
Return on Common Equity (ROCE)	0.00%	-30.16%	-1.21%	-6.67%	-3.40%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-15.08%	-1.62%	-8.11%	-3.69%
Net Operating Profit after Tax (NOPAT)	307	103	-66	-57	-63
NOPAT Margin	0.00%	3.77%	-2.98%	-2.38%	-2.70%
Net Nonoperating Expense Percent (NNEP)	0.00%	11.53%	0.24%	15.23%	6.16%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-0.83%	-0.75%	-0.99%
Cost of Revenue to Revenue	0.00%	69.43%	68.92%	66.05%	65.95%
SG&A Expenses to Revenue	0.00%	16.90%	21.70%	24.73%	25.09%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	25.18%	35.34%	37.34%	37.91%
Earnings before Interest and Taxes (EBIT)	524	140	-3.00	-206	-45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,048	451	345	165	350
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.04	1.05	0.87
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	2.09	1.97	1.61
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.58%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.02	1.20	0.91
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	3.56	3.12	2.33
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	22.74	45.11	15.55
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	27.43	19.28	21.60
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	5.22	44.99
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	5.97	0.55	0.59	0.47
Long-Term Debt to Equity	0.00	5.92	0.55	0.58	0.46
Financial Leverage	0.00	5.23	0.51	0.41	0.34
Leverage Ratio	0.00	10.18	2.22	2.24	2.10
Compound Leverage Factor	0.00	-6.84	91.70	3.66	6.89
Debt to Total Capital	0.00%	85.65%	35.68%	37.08%	31.95%
Short-Term Debt to Total Capital	0.00%	0.78%	0.39%	0.33%	0.39%
Long-Term Debt to Total Capital	0.00%	84.88%	35.29%	36.74%	31.56%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	8.22%	3.72%	0.06%
Common Equity to Total Capital	0.00%	14.35%	56.10%	59.21%	67.99%
Debt to EBITDA	0.00	9.04	8.18	16.93	5.79
Net Debt to EBITDA	0.00	7.92	7.46	14.97	4.81
Long-Term Debt to EBITDA	0.00	8.96	8.09	16.78	5.71
Debt to NOPAT	0.00	39.63	-42.90	-49.28	-32.14
Net Debt to NOPAT	0.00	34.71	-39.10	-43.56	-26.70
Long-Term Debt to NOPAT	0.00	39.27	-42.43	-48.84	-31.75
Altman Z-Score	0.00	0.00	0.68	0.62	0.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	14.36%	9.46%	3.14%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	1.25	1.20	1.27	1.42
Quick Ratio	0.00	0.58	0.40	0.35	0.91
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-4,152	0.00	1,426	121
Operating Cash Flow to CapEx	348.05%	258.89%	218.32%	275.71%	208.26%
Free Cash Flow to Firm to Interest Expense	0.00	-17.74	0.00	10.89	1.17
Operating Cash Flow to Interest Expense	0.60	1.00	2.36	2.95	2.45
Operating Cash Flow Less CapEx to Interest Expense	0.43	0.61	1.28	1.88	1.27
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.39	0.20	0.22	0.25
Accounts Receivable Turnover	0.00	5.13	3.70	4.29	5.15
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	8.17	7.94	0.00	0.00
Accounts Payable Turnover	0.00	4.81	3.33	3.78	4.52
Days Sales Outstanding (DSO)	0.00	71.18	98.65	85.13	70.90
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	75.93	109.67	96.46	80.69
Cash Conversion Cycle (CCC)	0.00	-4.75	-11.02	-11.33	-9.79
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	4,255	7,662	6,179	5,995
Invested Capital Turnover	0.00	1.28	0.29	0.34	0.38
Increase / (Decrease) in Invested Capital	0.00	4,255	0.00	-1,483	-184
Enterprise Value (EV)	0.00	0.00	7,846	7,443	5,444
Market Capitalization	900	0.00	4,623	4,693	3,758
Book Value per Share	$0.00	$5.28	$7.99	$8.07	$7.94
Tangible Book Value per Share	$0.00	($25.47)	($5.60)	($3.41)	($3.24)
Total Capital	0.00	4,761	7,912	7,536	6,338
Total Debt	0.00	4,078	2,823	2,794	2,025
Total Long-Term Debt	0.00	4,041	2,792	2,769	2,000
Net Debt	0.00	3,572	2,573	2,470	1,682
Capital Expenditures (CapEx)	77	90	131	140	121
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-23	249	290	57
Debt-free Net Working Capital (DFNWC)	0.00	483	499	614	400
Net Working Capital (NWC)	0.00	446	468	589	375
Net Nonoperating Expense (NNE)	263	206	6.20	305	96
Net Nonoperating Obligations (NNO)	0.00	3,572	2,573	1,437	1,682
Total Depreciation and Amortization (D&A)	524	311	348	371	395
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-0.84%	11.28%	12.15%	2.44%
Debt-free Net Working Capital to Revenue	0.00%	17.71%	22.61%	25.73%	17.15%
Net Working Capital to Revenue	0.00%	16.35%	21.21%	24.69%	16.08%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.14)	($0.70)	($0.29)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	557.27M	562.98M	543.09M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.14)	($0.70)	($0.29)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	557.27M	562.98M	543.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	557.27M	562.98M	543.09M
Normalized Net Operating Profit after Tax (NOPAT)	307	103	-66	-57	-63
Normalized NOPAT Margin	0.00%	3.77%	-2.98%	-2.38%	-2.70%
Pre Tax Income Margin	0.00%	-3.45%	-5.62%	-14.12%	-6.35%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	1.17	0.60	-0.02	-1.57	-0.44
NOPAT to Interest Expense	0.68	0.44	-0.54	-0.43	-0.61
EBIT Less CapEx to Interest Expense	1.00	0.21	-1.11	-2.64	-1.61
NOPAT Less CapEx to Interest Expense	0.51	0.06	-1.63	-1.50	-1.79
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-13.21%
Augmented Payout Ratio	9.09%	0.00%	-16.67%	-11.05%	-118.24%

This table displays calculated financial ratios and metrics derived from Alight's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.70%	0.00%	-19.17%	-21.54%	-25.73%	3,911.76%	-4.61%	-4.10%	-0.36%	-0.29%	-1.97%
EBITDA Growth	564.29%	0.00%	-74.11%	-80.00%	12.31%	1,550.00%	-131.03%	247.06%	-13.70%	513.79%	590.48%
EBIT Growth	63.04%	0.00%	-535.29%	-165.28%	41.18%	-12.07%	-58.11%	165.96%	-70.00%	215.38%	101.71%
NOPAT Growth	-300.00%	0.00%	-1,900.00%	9.40%	10.00%	310.53%	0.00%	-44.44%	6.67%	-17.14%	80.00%
Net Income Growth	62.50%	0.00%	-469.23%	-238.46%	-2.22%	-157.58%	-56.76%	131.94%	-60.87%	104.71%	78.45%
EPS Growth	66.67%	0.00%	-600.00%	-240.00%	-25.00%	-128.57%	-50.00%	128.57%	-40.00%	106.25%	76.19%
Operating Cash Flow Growth	0.00%	0.00%	278.95%	-9.09%	7.23%	58.82%	38.89%	-35.56%	-126.97%	-12.59%	-27.00%
Free Cash Flow Firm Growth	84.48%	0.00%	99.26%	102.14%	122.71%	0.00%	2,748.21%	847.60%	553.86%	-86.29%	-100.11%
Invested Capital Growth	12.68%	0.00%	0.37%	-2.23%	-3.07%	-19.36%	-20.03%	-18.93%	-18.34%	-2.98%	-0.07%
Revenue Q/Q Growth	4.90%	-97.73%	-37.79%	-4.27%	-0.71%	22.44%	-61.45%	-3.76%	3.16%	22.52%	-19.41%
EBITDA Q/Q Growth	-61.76%	-103.08%	-77.17%	17.24%	114.71%	-60.27%	66.67%	1,411.11%	-46.61%	182.54%	-42.13%
EBIT Q/Q Growth	-147.22%	-70.59%	-384.62%	36.49%	57.45%	-225.00%	12.03%	126.50%	-209.68%	320.59%	-97.33%
NOPAT Q/Q Growth	-25.84%	62.00%	-165.57%	10.00%	-25.00%	188.89%	-90.48%	-30.00%	19.23%	178.91%	-124.14%
Net Income Q/Q Growth	-186.54%	-46.67%	-12.12%	2.70%	36.11%	-269.57%	31.76%	119.83%	-421.74%	110.81%	-412.50%
EPS Q/Q Growth	-180.00%	-75.00%	0.00%	0.00%	28.57%	-220.00%	34.38%	119.05%	-450.00%	114.29%	-350.00%
Operating Cash Flow Q/Q Growth	-16.16%	2.41%	-15.29%	25.00%	-1.11%	51.69%	-25.93%	-42.00%	-141.38%	591.67%	-38.14%
Free Cash Flow Firm Q/Q Growth	86.87%	100.00%	0.00%	360.36%	39.57%	642.51%	1.00%	-6.84%	-3.69%	-84.43%	-100.77%
Invested Capital Q/Q Growth	-0.14%	0.13%	-1.54%	-0.69%	-1.00%	-16.69%	-2.36%	0.68%	-0.28%	-1.02%	0.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.27%	188.24%	31.91%	33.33%	29.80%	39.59%	32.56%	31.04%	31.35%	39.85%	31.20%
EBITDA Margin	8.67%	-11.76%	4.95%	6.06%	13.11%	4.25%	-1.61%	21.93%	11.35%	26.18%	18.80%
Operating Margin	-6.67%	-111.76%	-6.83%	-6.42%	-8.08%	5.87%	-7.16%	-9.67%	-7.57%	6.47%	-1.46%
EBIT Margin	-4.53%	-341.18%	-12.63%	-8.38%	-3.59%	-9.53%	-20.93%	5.76%	-6.13%	11.03%	0.37%
Profit (Net Income) Margin	-6.00%	-388.24%	-12.63%	-12.83%	-8.26%	-24.93%	-20.75%	4.28%	-13.33%	1.18%	-4.56%
Tax Burden Percent	69.23%	73.33%	69.16%	90.00%	85.19%	177.08%	78.38%	-1,150.00%	139.62%	14.55%	125.00%
Interest Burden Percent	191.18%	155.17%	144.59%	170.21%	270.00%	147.69%	126.50%	-6.45%	155.88%	73.33%	-1,000.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	47.27%	0.00%
Return on Invested Capital (ROIC)	0.00%	-22.54%	-1.90%	-1.68%	-1.99%	1.42%	-2.50%	-3.35%	-2.64%	1.31%	-0.39%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-24.58%	-3.70%	-3.52%	-2.56%	-8.46%	-6.81%	-0.48%	-4.74%	0.33%	-1.57%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-12.43%	-1.90%	-1.79%	-1.29%	-3.45%	-2.93%	-0.21%	-2.19%	0.11%	-0.59%
Return on Equity (ROE)	0.00%	-34.96%	-3.80%	-3.47%	-3.28%	-2.04%	-5.42%	-3.56%	-4.83%	1.42%	-0.98%
Cash Return on Invested Capital (CROIC)	-11.92%	0.00%	-0.86%	1.66%	2.56%	20.61%	21.22%	19.70%	19.00%	1.99%	-0.61%
Operating Return on Assets (OROA)	0.00%	-67.77%	-3.41%	-2.20%	-0.88%	-2.07%	-6.55%	1.82%	-2.16%	2.71%	0.09%
Return on Assets (ROA)	0.00%	-77.11%	-3.41%	-3.37%	-2.02%	-5.40%	-6.49%	1.35%	-4.71%	0.29%	-1.14%
Return on Common Equity (ROCE)	0.00%	-29.95%	-3.33%	-3.05%	-2.90%	-1.84%	-5.16%	-3.39%	-4.63%	1.38%	-0.98%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	-2.94%	-5.69%	-5.70%	0.00%	-8.94%	-6.91%	-7.80%	0.00%	-1.61%
Net Operating Profit after Tax (NOPAT)	-35	-13	-28	-25	-32	28	-28	-36	-29	23	-5.60
NOPAT Margin	-4.67%	-78.24%	-4.78%	-4.49%	-5.66%	4.11%	-5.01%	-6.77%	-5.30%	3.41%	-1.02%
Net Nonoperating Expense Percent (NNEP)	0.43%	2.05%	1.80%	1.83%	0.57%	9.88%	4.31%	-2.87%	2.10%	0.97%	1.18%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.17%	-	-	-	0.37%	-	-	-	0.37%	-0.09%
Cost of Revenue to Revenue	71.73%	-88.24%	68.09%	66.67%	70.20%	60.41%	67.44%	68.96%	68.65%	60.15%	68.80%
SG&A Expenses to Revenue	23.73%	23.53%	25.77%	26.56%	24.42%	22.58%	26.12%	27.14%	25.59%	22.21%	18.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	34.93%	300.00%	38.74%	39.75%	37.88%	33.72%	39.71%	40.71%	38.92%	33.38%	32.66%
Earnings before Interest and Taxes (EBIT)	-34	-58	-74	-47	-20	-65	-117	31	-34	75	2.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	65	-2.00	29	34	73	29	-9.00	118	63	178	103
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.94	1.04	1.13	1.14	0.87	1.05	1.23	0.93	0.94	0.87	0.76
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	2.09	1.71	1.81	1.49	1.97	1.64	1.23	1.20	1.61	1.39
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.58%	1.35%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.97	1.02	1.08	1.08	0.92	1.20	1.34	1.11	0.95	0.91	0.83
Enterprise Value to Revenue (EV/Rev)	0.00	3.56	2.72	2.86	2.59	3.12	2.39	2.01	1.72	2.33	2.16
Enterprise Value to EBITDA (EV/EBITDA)	0.00	22.74	20.85	31.84	26.02	45.11	55.38	29.33	26.26	15.55	10.59
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	67.84
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	27.43	24.05	24.60	20.36	19.28	19.53	17.66	21.48	21.60	22.31
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	64.70	35.45	5.22	5.61	5.05	4.51	44.99	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.55	0.57	0.57	0.57	0.59	0.62	0.62	0.47	0.47	0.48
Long-Term Debt to Equity	0.55	0.55	0.56	0.56	0.57	0.58	0.61	0.55	0.46	0.46	0.47
Financial Leverage	0.47	0.51	0.51	0.51	0.50	0.41	0.43	0.44	0.46	0.34	0.38
Leverage Ratio	2.23	2.22	2.22	2.15	2.16	2.24	2.28	2.25	2.06	2.10	2.13
Compound Leverage Factor	4.26	3.44	3.22	3.67	5.84	3.31	2.88	-0.15	3.22	1.54	-21.26
Debt to Total Capital	35.60%	35.68%	36.18%	36.18%	36.41%	37.08%	38.10%	38.31%	31.95%	31.95%	32.29%
Short-Term Debt to Total Capital	0.39%	0.39%	0.32%	0.32%	0.33%	0.33%	0.34%	4.53%	0.39%	0.39%	0.32%
Long-Term Debt to Total Capital	35.21%	35.29%	35.86%	35.86%	36.08%	36.74%	37.76%	33.77%	31.56%	31.56%	31.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	9.75%	8.22%	5.70%	5.66%	4.76%	3.72%	0.12%	0.06%	0.06%	0.06%	0.06%
Common Equity to Total Capital	54.65%	56.10%	58.11%	58.16%	58.83%	59.21%	61.78%	61.64%	67.99%	67.99%	67.64%
Debt to EBITDA	0.00	8.18	7.20	11.02	10.65	16.93	19.09	12.09	9.23	5.79	4.26
Net Debt to EBITDA	0.00	7.46	6.59	9.95	9.60	14.97	17.34	11.29	7.87	4.81	3.79
Long-Term Debt to EBITDA	0.00	8.09	7.14	10.92	10.56	16.78	18.92	10.66	9.12	5.71	4.22
Debt to NOPAT	0.00	-42.90	-77.36	-61.74	-66.69	-49.28	-39.42	-33.94	-25.45	-32.14	-49.73
Net Debt to NOPAT	0.00	-39.10	-70.80	-55.78	-60.12	-43.56	-35.80	-31.71	-21.69	-26.70	-44.24
Long-Term Debt to NOPAT	0.00	-42.43	-76.68	-61.19	-66.10	-48.84	-39.07	-29.93	-25.14	-31.75	-49.24
Altman Z-Score	0.45	0.66	0.79	0.79	0.65	0.67	0.88	0.77	0.93	0.84	0.72
Noncontrolling Interest Sharing Ratio	16.33%	14.36%	12.30%	12.12%	11.40%	9.46%	4.77%	4.70%	4.01%	3.14%	0.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.22	1.20	1.20	1.23	1.22	1.27	1.57	1.37	1.30	1.42	1.18
Quick Ratio	0.43	0.40	0.41	0.44	0.45	0.35	0.28	0.22	0.81	0.91	0.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-896	0.00	-56	146	204	1,511	1,483	1,382	1,331	207	-1.60
Operating Cash Flow to CapEx	230.56%	531.25%	160.00%	272.73%	247.22%	519.23%	277.78%	187.10%	-85.71%	453.85%	251.72%
Free Cash Flow to Firm to Interest Expense	-28.90	0.00	-1.70	4.42	5.99	48.74	47.84	41.87	70.03	10.36	-0.07
Operating Cash Flow to Interest Expense	2.68	2.66	2.18	2.73	2.62	4.35	3.23	1.76	-1.26	5.90	3.32
Operating Cash Flow Less CapEx to Interest Expense	1.52	2.16	0.82	1.73	1.56	3.52	2.06	0.82	-2.74	4.60	2.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.20	0.27	0.26	0.24	0.22	0.31	0.32	0.35	0.25	0.25
Accounts Receivable Turnover	0.00	3.70	5.06	4.81	4.26	4.29	6.56	6.71	6.01	5.15	5.59
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	7.94	9.99	8.89	8.10	0.00	9.28	8.95	8.94	0.00	0.00
Accounts Payable Turnover	0.00	3.33	5.72	5.21	4.24	3.78	6.71	7.08	5.87	4.52	5.36
Days Sales Outstanding (DSO)	0.00	98.65	72.20	75.85	85.66	85.13	55.62	54.37	60.71	70.90	65.34
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	109.67	63.83	70.10	86.08	96.46	54.39	51.54	62.22	80.69	68.11
Cash Conversion Cycle (CCC)	0.00	-11.02	8.37	5.76	-0.41	-11.33	1.23	2.83	-1.52	-9.79	-2.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,652	7,662	7,544	7,492	7,417	6,179	6,033	6,074	6,057	5,995	6,029
Invested Capital Turnover	0.00	0.29	0.40	0.37	0.35	0.34	0.50	0.50	0.50	0.38	0.38
Increase / (Decrease) in Invested Capital	861	0.00	28	-171	-235	-1,483	-1,511	-1,418	-1,360	-184	-4.00
Enterprise Value (EV)	7,388	7,846	8,153	8,120	6,842	7,443	8,085	6,745	5,778	5,444	5,021
Market Capitalization	4,084	4,623	5,132	5,143	3,951	4,693	5,545	4,144	4,043	3,758	3,221
Book Value per Share	$7.80	$7.99	$8.12	$8.11	$8.12	$8.07	$8.03	$7.97	$7.91	$7.94	$7.79
Tangible Book Value per Share	($5.75)	($5.60)	($5.29)	($5.17)	($5.00)	($3.41)	($3.12)	($3.09)	($3.32)	($3.24)	($3.25)
Total Capital	7,956	7,912	7,783	7,763	7,693	7,536	7,315	7,257	6,357	6,338	6,252
Total Debt	2,832	2,823	2,816	2,809	2,801	2,794	2,787	2,780	2,031	2,025	2,019
Total Long-Term Debt	2,801	2,792	2,791	2,784	2,776	2,769	2,762	2,451	2,006	2,000	1,999
Net Debt	2,528	2,573	2,577	2,538	2,525	2,470	2,531	2,597	1,731	1,682	1,796
Capital Expenditures (CapEx)	36	16	45	33	36	26	36	31	28	26	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	187	249	223	217	214	290	1,076	1,072	0.00	57	-42
Debt-free Net Working Capital (DFNWC)	491	499	462	488	490	614	1,332	1,255	300	400	181
Net Working Capital (NWC)	460	468	437	463	465	589	1,307	926	275	375	161
Net Nonoperating Expense (NNE)	10	53	46	47	15	198	88	-59	45	15	19
Net Nonoperating Obligations (NNO)	2,528	2,573	2,577	2,538	2,525	1,437	1,505	1,597	1,731	1,682	1,796
Total Depreciation and Amortization (D&A)	99	56	103	81	93	94	108	87	97	103	101
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	11.28%	7.45%	7.64%	8.09%	12.15%	31.81%	31.90%	0.00%	2.44%	-1.81%
Debt-free Net Working Capital to Revenue	0.00%	22.61%	15.44%	17.19%	18.52%	25.73%	39.37%	37.35%	8.93%	17.15%	7.80%
Net Working Capital to Revenue	0.00%	21.21%	14.60%	16.31%	17.57%	24.69%	38.63%	27.56%	8.19%	16.08%	6.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.08)	($0.15)	($0.14)	($0.14)	($0.10)	($0.32)	($0.21)	$0.04	($0.14)	$0.02	($0.05)
Adjusted Weighted Average Basic Shares Outstanding	555.74M	557.27M	556.55M	557.27M	552.93M	562.98M	561.49M	546.38M	543.02M	543.09M	538.26M
Adjusted Diluted Earnings per Share	($0.08)	($0.14)	($0.14)	($0.14)	($0.10)	($0.32)	($0.21)	$0.04	($0.14)	$0.02	($0.05)
Adjusted Weighted Average Diluted Shares Outstanding	555.74M	557.27M	556.55M	557.27M	552.93M	562.98M	561.49M	546.38M	543.02M	543.09M	538.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	555.74M	557.27M	556.55M	557.27M	552.93M	562.98M	561.49M	546.38M	543.02M	543.09M	538.26M
Normalized Net Operating Profit after Tax (NOPAT)	-35	-13	-28	-25	-32	28	-28	-36	-29	23	-5.60
Normalized NOPAT Margin	-4.67%	-78.24%	-4.78%	-4.49%	-5.66%	4.11%	-5.01%	-6.77%	-5.30%	3.41%	-1.02%
Pre Tax Income Margin	-8.67%	-529.41%	-18.26%	-14.26%	-9.69%	-14.08%	-26.48%	-0.37%	-9.55%	8.09%	-3.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.10	-1.81	-2.24	-1.42	-0.59	-2.10	-3.77	0.94	-1.79	3.75	0.09
NOPAT to Interest Expense	-1.13	-0.42	-0.85	-0.76	-0.93	0.90	-0.90	-1.10	-1.55	1.16	-0.25
EBIT Less CapEx to Interest Expense	-2.26	-2.31	-3.61	-2.42	-1.65	-2.94	-4.94	0.00	-3.26	2.45	-1.23
NOPAT Less CapEx to Interest Expense	-2.29	-0.92	-2.21	-1.76	-1.99	0.06	-2.06	-2.04	-3.02	-0.14	-1.57
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-13.21%	-61.76%
Augmented Payout Ratio	0.00%	-16.67%	-16.54%	-10.12%	-15.50%	-11.05%	-7.43%	-34.30%	-45.99%	-118.24%	-336.76%

Key Financial Trends

In the first quarter of fiscal 2025, Alight’s revenue of $548 million was down about 2% year-over-year. Gross margin held at roughly 31%, but operating expenses pushed the company to an $8 million operating loss and a $25 million net loss attributable to shareholders. On the plus side, strong non-cash charges bolstered operating cash flow to $73 million, although free cash flow to the firm was slightly negative. Net debt remains elevated near $1.80 billion, and the Altman Z-Score of 0.72 signals continued solvency pressure. Valuation metrics such as a 10.6× EV/EBITDA multiple and a 0.76× price/book ratio suggest the stock trades below historical levels.

Generated $73 million of operating cash flow in Q1 2025, supporting liquidity.
Maintained a healthy gross margin of 31.2% despite revenue pressure.
Revenue declined 1.97% year-over-year to $548 million in Q1 2025.
Ended the quarter with $223 million in cash & equivalents to cover short-term needs.
Reported a $25 million net loss in Q1 2025, versus an $8 million profit in Q4 2024.
EBITDA fell to $103 million from $178 million in the prior quarter, indicating margin compression.
Free cash flow to firm was slightly negative $1.6 million in Q1 2025, down from $207 million in Q4 2024.
Net debt/EBITDA at 3.79× and total net debt of $1.796 billion highlight elevated leverage.
Altman Z-Score of 0.72 suggests the company remains below healthy solvency thresholds.
Intermittent net losses across recent quarters (notably Q3/Q1 2024) underscore volatility in earnings.

06/19/25 03:36 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Alight's Financials

When does Alight's financial year end?

According to the most recent income statement we have on file, Alight's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Alight's net income changed over the last 4 years?

Alight's net income appears to be on an upward trend, with a most recent value of -$159 million in 2024, falling from $44 million in 2019. The previous period was -$362 million in 2023. See where experts think Alight is headed by visiting Alight's forecast page.

What is Alight's operating income?

Alight's total operating income in 2024 was -$90 million, based on the following breakdown:

Total Gross Profit: $794 million
Total Operating Expenses: $884 million

How has Alight's revenue changed over the last 4 years?

Over the last 4 years, Alight's total revenue changed from $0.00 in 2019 to $2.33 billion in 2024, a change of 233,200,000,000.0%.

How much debt does Alight have?

Alight's total liabilities were at $3.88 billion at the end of 2024, a 35.8% decrease from 2023, and a 38.1% decrease since 2020.

How much cash does Alight have?

In the past 4 years, Alight's cash and equivalents has ranged from $250 million in 2022 to $506 million in 2020, and is currently $343 million as of their latest financial filing in 2024.

How has Alight's book value per share changed over the last 4 years?

Over the last 4 years, Alight's book value per share changed from 0.00 in 2019 to 7.94 in 2024, a change of 793.5%.

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This page (NYSE:ALIT) was last updated on 6/19/2025 by MarketBeat.com Staff

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Alight (ALIT) Financials

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