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Alight (ALIT) Financials

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$14.06 -0.20 (-1.42%)
Closing price 07/2/2026 03:59 PM Eastern
Extended Trading
$13.94 -0.12 (-0.83%)
As of 07/2/2026 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Alight

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 2025
Period end date 12/31/2019 12/31/2020 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -2,723 -103 -62 -345 -157 -3,097
Consolidated Net Income / (Loss)		 44 -103 -72 -362 -159 -3,099
Net Income / (Loss) Continuing Operations		 -2,723 -103 -140 -317 -140 -3,078
Total Pre-Tax Income 		76 -94 -124 -337 -148 -3,062
Total Operating Income		 530 147 -94 -81 -90 -3,090
Total Gross Profit		 883 834 686 810 794 765
Total Revenue		 0.00 2,728 2,207 2,386 2,332 2,262
Operating Revenue		 - 2,728 2,207 2,386 2,332 2,262
Total Cost of Revenue		 1,619 1,894 1,521 1,576 1,538 1,497
Operating Cost of Revenue		 1,619 1,894 1,521 1,576 1,538 1,497
Total Operating Expenses		 618 687 780 891 884 3,855
Selling, General & Admin Expense		 415 461 479 590 585 435
Depreciation Expense		 203 226 301 301 299 296
Impairment Charge		 - - - 0.00 0.00 3,124
Total Other Income / (Expense), net		 -454 -241 -30 -256 -58 28
Interest Expense		 448 234 121 131 103 92
Other Income / (Expense), net		 -6.00 -7.00 91 -125 45 120
Income Tax Expense		 32 9.00 16 -20 -8.00 16
Net Income / (Loss) Discontinued Operations		 - - 68 -45 -19 -21
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 -10 -17 -2.00 -2.00
Basic Earnings per Share		 $0.00 $0.00 ($0.14) ($0.70) ($0.29) ($5.87)
Weighted Average Basic Shares Outstanding		 - - 557.27M 562.98M 543.09M 534.50M
Diluted Earnings per Share		 $0.00 $0.00 ($0.14) ($0.70) ($0.29) ($5.87)
Weighted Average Diluted Shares Outstanding		 - - 557.27M 562.98M 543.09M 534.50M
Weighted Average Basic & Diluted Shares Outstanding		 - - 557.27M 562.98M 543.09M 534.50M

Quarterly Income Statements for Alight

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -48 -162 -114 23 -74 8.00 -25 -1,073 -1,067 -932 -19
Consolidated Net Income / (Loss)		 -46 -170 -116 23 -74 8.00 -25 -1,074 -1,068 -932 -19
Net Income / (Loss) Continuing Operations		 -40 -121 -121 -4.00 -44 29 -17 -1,073 -1,055 -933 -19
Total Pre-Tax Income 		-54 -96 -148 -2.00 -53 55 -20 -1,076 -1,253 -713 -26
Total Operating Income		 -45 40 -40 -52 -42 44 -8.00 -1,010 -1,322 -750 -22
Total Gross Profit		 166 270 182 167 174 271 171 176 178 240 156
Total Revenue		 557 682 559 538 555 680 548 528 533 653 534
Operating Revenue		 557 682 559 538 555 680 548 528 533 653 534
Total Cost of Revenue		 391 412 377 371 381 409 377 352 355 413 378
Operating Cost of Revenue		 391 412 377 371 381 409 377 352 355 413 378
Total Operating Expenses		 211 230 222 219 216 227 179 1,186 1,500 990 178
Selling, General & Admin Expense		 136 154 146 146 142 151 104 130 87 114 105
Depreciation Expense		 75 76 76 73 74 76 75 73 75 73 73
Total Other Income / (Expense), net		 -9.00 -136 -108 50 -11 11 -12 -66 69 37 -4.00
Interest Expense		 34 31 31 33 19 20 22 22 24 24 24
Other Income / (Expense), net		 25 -105 -77 83 8.00 31 10 -44 93 61 20
Income Tax Expense		 -14 25 -27 2.00 -9.00 26 -3.00 -3.00 -198 220 -7.00
Net Income / (Loss) Discontinued Operations		 -6.00 -49 5.00 27 -30 -21 -8.00 -1.00 -13 1.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 2.00 -8.00 -2.00 0.00 0.00 - 0.00 -1.00 -1.00 - 0.00
Basic Earnings per Share		 ($0.10) ($0.32) ($0.21) $0.04 ($0.14) $0.02 ($0.05) ($2.03) ($2.02) ($1.77) ($0.04)
Weighted Average Basic Shares Outstanding		 552.93M 562.98M 561.49M 546.38M 543.02M 543.09M 538.26M 539.29M 533.20M 534.50M 537.24M
Diluted Earnings per Share		 ($0.10) ($0.32) ($0.21) $0.04 ($0.14) $0.02 ($0.05) ($2.03) ($2.02) ($1.77) ($0.04)
Weighted Average Diluted Shares Outstanding		 552.93M 562.98M 561.49M 546.38M 543.02M 543.09M 538.26M 539.29M 533.20M 534.50M 537.24M
Weighted Average Basic & Diluted Shares Outstanding		 552.93M 562.98M 561.49M 546.38M 543.02M 543.09M 538.26M 539.29M 533.20M 534.50M 537.24M

Annual Cash Flow Statements for Alight

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 2025
Period end date 12/31/2019 12/31/2020 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 349 551 107 0.00 12 -61
Net Cash From Operating Activities		 268 233 286 386 252 360
Net Cash From Continuing Operating Activities		 518 233 238 247 193 360
Net Income / (Loss) Continuing Operations		 22 -103 -140 -317 -140 -3,078
Depreciation Expense		 136 91 72 92 115 126
Amortization Expense		 388 220 276 279 280 283
Non-Cash Adjustments To Reconcile Net Income		 23 46 71 281 62 3,071
Changes in Operating Assets and Liabilities, net		 -51 -21 -41 -88 -124 -42
Net Cash From Discontinued Operating Activities		 - - 48 139 59 0.00
Net Cash From Investing Activities		 -604 -142 -235 -159 836 -123
Net Cash From Continuing Investing Activities		 -604 -142 -218 -139 847 -123
Purchase of Property, Plant & Equipment		 -77 -90 -131 -140 -121 -110
Acquisitions		 -527 -52 -87 1.00 0.00 0.00
Divestitures		 - - 0.00 0.00 968 -13
Net Cash From Discontinued Investing Activities		 - - -17 -20 -11 0.00
Net Cash From Financing Activities		 420 463 54 -231 -1,074 -298
Net Cash From Continuing Financing Activities		 435 200 -184 -144 -1,096 -298
Repayment of Debt		 -120 -555 -174 -51 -792 -44
Repurchase of Common Equity		 -4.00 0.00 -12 -40 -167 -65
Payment of Dividends		 - 0.00 0.00 0.00 -21 -86
Other Financing Activities, net		 76 -24 -102 -53 -116 -103
Net Cash From Discontinued Financing Activities		 - - 238 -87 22 0.00
Effect of Exchange Rate Changes		 - -3.00 8.00 4.00 -3.00 0.00
Cash Interest Paid		 204 210 126 128 108 94
Cash Income Taxes Paid		 9.00 19 17 46 50 36

Quarterly Cash Flow Statements for Alight

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 33 164 -12 -135 136 21 -132 -8.00 -10 89 -104
Net Cash From Operating Activities		 89 135 100 58 -24 118 73 86 77 124 79
Net Cash From Continuing Operating Activities		 113 21 92 -7.00 -18 118 73 86 77 124 79
Net Income / (Loss) Continuing Operations		 -40 -121 -121 -9.00 -44 29 -17 -1,073 -1,055 -933 -19
Depreciation Expense		 25 23 26 27 27 32 30 30 33 33 34
Amortization Expense		 68 71 70 60 70 71 71 71 70 71 70
Non-Cash Adjustments To Reconcile Net Income		 10 153 107 -62 13 2.00 9.00 1,053 1,256 753 -9.00
Changes in Operating Assets and Liabilities, net		 50 -105 10 -23 -84 -16 -20 5.00 -227 200 3.00
Net Cash From Discontinued Operating Activities		 -24 114 8.00 - -6.00 - 0.00 - - - 0.00
Net Cash From Investing Activities		 -38 -32 -36 -42 944 -30 -29 -28 -41 -25 -26
Net Cash From Continuing Investing Activities		 -36 -25 -31 -31 944 -30 -29 -28 -41 -25 -26
Purchase of Property, Plant & Equipment		 -36 -26 -31 -31 -28 -26 -29 -28 -28 -25 -26
Net Cash From Discontinued Investing Activities		 -2.00 -7.00 -5.00 - - - 0.00 - - - 0.00
Net Cash From Financing Activities		 -14 58 -74 -148 -784 -68 -176 -66 -46 -10 -156
Net Cash From Continuing Financing Activities		 -61 -9.00 -118 -170 -784 -68 -176 -66 -46 -10 -156
Repayment of Debt		 -9.00 -16 -15 -21 -732 -33 -12 -12 -10 -10 -10
Repurchase of Common Equity		 -26 - 0.00 -80 -75 -12 -20 -20 -25 - 0.00
Payment of Dividends		 - - 0.00 - - - -21 -22 -22 -21 0.00
Other Financing Activities, net		 -26 7.00 -103 -69 23 -2.00 -123 -12 11 21 -146
Net Cash From Discontinued Financing Activities		 47 67 44 - - - 0.00 - - - 0.00
Effect of Exchange Rate Changes		 -4.00 3.00 -2.00 - - - 0.00 - - - 0.00

Annual Balance Sheets for Alight

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 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 6,956 10,988 11,235 10,782 8,193 4,568
Total Current Assets		 2,231 2,469 2,816 2,776 1,267 1,142
Cash & Equivalents		 506 372 250 324 343 273
Accounts Receivable		 532 515 678 435 471 387
Other Current Assets		 1,193 1,582 1,888 494 453 482
Plant, Property, & Equipment, net		 334 236 320 0.00 0.00 0.00
Total Noncurrent Assets		 4,391 8,283 8,099 8,006 6,926 3,426
Goodwill		 2,245 3,638 3,679 3,212 3,212 83
Intangible Assets		 1,733 4,170 3,872 3,136 2,855 2,573
Noncurrent Deferred & Refundable Income Taxes		 5.00 3.00 6.00 38 41 15
Other Noncurrent Operating Assets		 408 472 542 672 818 755
Total Liabilities & Shareholders' Equity		 6,956 10,988 11,235 10,782 8,193 4,568
Total Liabilities		 6,273 6,060 6,146 6,040 3,880 3,522
Total Current Liabilities		 1,785 2,125 2,348 2,187 892 874
Short-Term Debt		 37 38 31 25 25 20
Accounts Payable		 394 406 508 325 355 253
Other Current Liabilities		 1,354 1,681 1,809 467 512 601
Total Noncurrent Liabilities		 4,488 3,935 3,798 3,853 2,988 2,648
Long-Term Debt		 4,041 2,830 2,792 2,769 2,000 1,985
Noncurrent Deferred & Payable Income Tax Liabilities		 0.00 617 628 765 779 522
Other Noncurrent Operating Liabilities		 447 488 378 251 209 141
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 683 4,928 5,089 4,742 4,313 1,046
Total Preferred & Common Equity		 683 4,140 4,439 4,462 4,309 1,044
Preferred Stock		 - - - 0.00 0.00 0.00
Total Common Equity		 683 4,140 4,439 4,462 4,309 1,044
Common Stock		 852 4,228 4,514 4,946 5,141 5,065
Retained Earnings		 -127 -96 -158 -503 -660 -3,757
Treasury Stock		 - 0.00 -12 -52 -219 -284
Accumulated Other Comprehensive Income / (Loss)		 -42 8.00 95 71 47 20
Noncontrolling Interest		 0.00 788 650 280 4.00 2.00

Quarterly Balance Sheets for Alight

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 Q2 2025 Q3 2025 Q1 2026
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 6/30/2025 9/30/2025 3/31/2026
Total Assets		 10,903 10,917 10,772 10,749 10,714 10,473 8,271 7,913 6,777 5,538 4,339
Total Current Assets		 2,506 2,576 2,488 2,549 3,617 3,443 1,201 1,062 1,013 1,006 981
Cash & Equivalents		 304 239 271 276 256 183 300 223 227 205 178
Accounts Receivable		 578 638 629 664 393 372 453 438 411 399 359
Other Current Assets		 1,624 1,699 1,588 1,609 467 427 448 401 375 402 444
Plant, Property, & Equipment, net		 296 342 358 357 387 393 394 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 8,101 7,999 7,926 7,843 6,710 6,637 6,676 6,851 5,764 4,532 3,358
Goodwill		 3,624 3,680 3,681 3,682 3,212 3,212 3,212 3,212 2,229 886 83
Intangible Assets		 3,926 3,793 3,713 3,632 3,066 2,995 2,925 2,784 2,714 2,644 2,503
Noncurrent Deferred & Refundable Income Taxes		 6.00 11 9.00 5.00 86 86 96 47 53 236 23
Other Noncurrent Operating Assets		 545 515 523 524 346 344 443 808 768 766 749
Total Liabilities & Shareholders' Equity		 10,903 10,917 10,772 10,749 10,714 10,473 8,271 7,913 6,777 5,538 4,339
Total Liabilities		 5,779 5,950 5,818 5,857 6,186 5,996 3,945 3,680 3,656 3,534 3,310
Total Current Liabilities		 2,046 2,139 2,025 2,084 2,310 2,517 926 901 870 829 693
Short-Term Debt		 31 25 25 25 25 329 25 20 20 20 20
Accounts Payable		 404 392 385 428 278 249 334 296 280 248 215
Other Current Liabilities		 1,611 1,722 1,615 1,631 532 478 567 585 570 561 458
Total Noncurrent Liabilities		 3,733 3,811 3,793 3,773 3,876 3,479 3,019 2,779 2,786 2,705 2,617
Long-Term Debt		 2,801 2,791 2,784 2,776 2,762 2,451 2,006 1,999 1,995 1,990 1,980
Noncurrent Deferred & Payable Income Tax Liabilities		 555 628 646 697 816 789 786 600 622 570 504
Other Noncurrent Operating Liabilities		 377 392 363 300 298 239 227 180 169 145 133
Commitments & Contingencies		 0.00 0.00 0.00 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 3,121 2,004 1,029
Total Preferred & Common Equity		 4,348 4,523 4,515 4,526 4,519 4,473 4,322 4,229 3,118 2,002 1,027
Preferred Stock		 - - - - - 0.00 0.00 0.00 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 3,118 2,002 1,027
Common Stock		 4,366 4,690 4,734 4,823 5,113 5,134 5,149 5,114 5,101 5,081 5,068
Retained Earnings		 -93 -226 -293 -341 -617 -594 -668 -685 -1,758 -2,825 -3,776
Treasury Stock		 -12 -22 -26 -52 -52 -132 -207 -239 -259 -284 -284
Accumulated Other Comprehensive Income / (Loss)		 87 81 100 96 75 65 48 39 34 30 19
Noncontrolling Interest		 776 444 439 366 9.00 4.00 4.00 4.00 3.00 2.00 2.00

Annual Metrics And Ratios for Alight

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

Metric 2019 2020 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - 533,199,538.00
DEI Adjusted Shares Outstanding		 - - - - - 533,199,538.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - -5.81
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 8.11% -2.26% -3.00%
EBITDA Growth		 0.00% -56.97% 0.00% -52.17% 112.12% -831.71%
EBIT Growth		 0.00% -73.28% 0.00% -6,766.67% 78.16% -6,500.00%
NOPAT Growth		 0.00% -66.46% 0.00% 13.83% -11.11% -3,333.33%
Net Income Growth		 0.00% -334.09% 0.00% -402.78% 56.08% -1,849.06%
EPS Growth		 0.00% 0.00% 0.00% -400.00% 58.57% -1,924.14%
Operating Cash Flow Growth		 0.00% -13.06% 0.00% 34.97% -34.72% 42.86%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% -91.52% 771.07%
Invested Capital Growth		 0.00% 0.00% 0.00% -19.36% -2.98% -53.66%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -9.83% -30.55% -1.18%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -37.26% 59.09% -42.44%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -79.13% 78.97% -34.63%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -35.00% 21.05% -34.58%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -40.31% 52.82% -43.54%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -34.62% 53.97% -43.87%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 14.88% -6.32% 1.69%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 100.00% 639.02% -90.55% 64.48%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.13% -16.69% -1.02% -27.07%
Profitability Metrics		 - - - - - -
Gross Margin		 0.00% 30.57% 31.08% 33.95% 34.05% 33.82%
EBITDA Margin		 0.00% 16.53% 15.63% 6.92% 15.01% -113.22%
Operating Margin		 0.00% 5.39% -4.26% -3.39% -3.86% -136.60%
EBIT Margin		 0.00% 5.13% -0.14% -8.63% -1.93% -131.30%
Profit (Net Income) Margin		 0.00% -3.78% -3.26% -15.17% -6.82% -137.00%
Tax Burden Percent		 57.89% 109.57% 58.06% 107.42% 107.43% 101.21%
Interest Burden Percent		 14.50% -67.14% 4,133.33% 163.59% 328.89% 103.10%
Effective Tax Rate		 42.11% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 4.84% -0.86% -0.82% -1.04% -49.31%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -6.69% -1.10% -16.05% -7.19% -104.14%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -35.00% -0.56% -6.55% -2.48% -66.35%
Return on Equity (ROE)		 0.00% -30.16% -1.41% -7.36% -3.51% -115.66%
Cash Return on Invested Capital (CROIC)		 0.00% -195.16% 0.00% 20.61% 1.99% 24.03%
Operating Return on Assets (OROA)		 0.00% 2.01% -0.03% -1.87% -0.47% -46.55%
Return on Assets (ROA)		 0.00% -1.48% -0.65% -3.29% -1.68% -48.57%
Return on Common Equity (ROCE)		 0.00% -30.16% -1.21% -6.67% -3.40% -115.53%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -15.08% -1.62% -8.11% -3.69% 0.00%
Net Operating Profit after Tax (NOPAT)		 307 103 -66 -57 -63 -2,163
NOPAT Margin		 0.00% 3.77% -2.98% -2.38% -2.70% -95.62%
Net Nonoperating Expense Percent (NNEP)		 0.00% 11.53% 0.24% 15.23% 6.16% 54.83%
Return On Investment Capital (ROIC_SIMPLE)		 - - -0.83% -0.75% -0.99% -70.89%
Cost of Revenue to Revenue		 0.00% 69.43% 68.92% 66.05% 65.95% 66.18%
SG&A Expenses to Revenue		 0.00% 16.90% 21.70% 24.73% 25.09% 19.23%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 25.18% 35.34% 37.34% 37.91% 170.42%
Earnings before Interest and Taxes (EBIT)		 524 140 -3.00 -206 -45 -2,970
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,048 451 345 165 350 -2,561
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 1.04 1.05 0.87 1.00
Price to Tangible Book Value (P/TBV)		 0.00 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 0.46
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.58% 8.21%
Earnings Yield		 0.00% 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 1.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 3.56 3.12 2.33 1.23
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 22.74 45.11 15.55 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 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 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 27.43 19.28 21.60 7.70
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 5.22 44.99 2.63
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.00 5.97 0.55 0.59 0.47 1.92
Long-Term Debt to Equity		 0.00 5.92 0.55 0.58 0.46 1.90
Financial Leverage		 0.00 5.23 0.51 0.41 0.34 0.64
Leverage Ratio		 0.00 10.18 2.22 2.24 2.10 2.38
Compound Leverage Factor		 0.00 -6.84 91.70 3.66 6.89 2.46
Debt to Total Capital		 0.00% 85.65% 35.68% 37.08% 31.95% 65.72%
Short-Term Debt to Total Capital		 0.00% 0.78% 0.39% 0.33% 0.39% 0.66%
Long-Term Debt to Total Capital		 0.00% 84.88% 35.29% 36.74% 31.56% 65.06%
Preferred Equity to Total Capital		 0.00% 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% 0.07%
Common Equity to Total Capital		 0.00% 14.35% 56.10% 59.21% 67.99% 34.22%
Debt to EBITDA		 0.00 9.04 8.18 16.93 5.79 -0.78
Net Debt to EBITDA		 0.00 7.92 7.46 14.97 4.81 -0.68
Long-Term Debt to EBITDA		 0.00 8.96 8.09 16.78 5.71 -0.78
Debt to NOPAT		 0.00 39.63 -42.90 -49.28 -32.14 -0.93
Net Debt to NOPAT		 0.00 34.71 -39.10 -43.56 -26.70 -0.80
Long-Term Debt to NOPAT		 0.00 39.27 -42.43 -48.84 -31.75 -0.92
Altman Z-Score		 0.00 0.00 0.68 0.62 0.79 -2.55
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 14.36% 9.46% 3.14% 0.11%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.00 1.25 1.20 1.27 1.42 1.31
Quick Ratio		 0.00 0.58 0.40 0.35 0.91 0.76
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -4,152 0.00 1,426 121 1,054
Operating Cash Flow to CapEx		 348.05% 258.89% 218.32% 275.71% 208.26% 327.27%
Free Cash Flow to Firm to Interest Expense		 0.00 -17.74 0.00 10.89 1.17 11.46
Operating Cash Flow to Interest Expense		 0.60 1.00 2.36 2.95 2.45 3.91
Operating Cash Flow Less CapEx to Interest Expense		 0.43 0.61 1.28 1.88 1.27 2.72
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.00 0.39 0.20 0.22 0.25 0.35
Accounts Receivable Turnover		 0.00 5.13 3.70 4.29 5.15 5.27
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 8.17 7.94 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 4.81 3.33 3.78 4.52 4.92
Days Sales Outstanding (DSO)		 0.00 71.18 98.65 85.13 70.90 69.22
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 75.93 109.67 96.46 80.69 74.12
Cash Conversion Cycle (CCC)		 0.00 -4.75 -11.02 -11.33 -9.79 -4.90
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.00 4,255 7,662 6,179 5,995 2,778
Invested Capital Turnover		 0.00 1.28 0.29 0.34 0.38 0.52
Increase / (Decrease) in Invested Capital		 0.00 4,255 0.00 -1,483 -184 -3,217
Enterprise Value (EV)		 0.00 0.00 7,846 7,443 5,444 2,774
Market Capitalization		 900 0.00 4,623 4,693 3,758 1,040
Book Value per Share		 $0.00 $5.28 $7.99 $8.07 $7.94 $1.96
Tangible Book Value per Share		 $0.00 ($25.47) ($5.60) ($3.41) ($3.24) ($3.02)
Total Capital		 0.00 4,761 7,912 7,536 6,338 3,051
Total Debt		 0.00 4,078 2,823 2,794 2,025 2,005
Total Long-Term Debt		 0.00 4,041 2,792 2,769 2,000 1,985
Net Debt		 0.00 3,572 2,573 2,470 1,682 1,732
Capital Expenditures (CapEx)		 77 90 131 140 121 110
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -23 249 290 57 15
Debt-free Net Working Capital (DFNWC)		 0.00 483 499 614 400 288
Net Working Capital (NWC)		 0.00 446 468 589 375 268
Net Nonoperating Expense (NNE)		 263 206 6.20 305 96 936
Net Nonoperating Obligations (NNO)		 0.00 3,572 2,573 1,437 1,682 1,732
Total Depreciation and Amortization (D&A)		 524 311 348 371 395 409
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -0.84% 11.28% 12.15% 2.44% 0.66%
Debt-free Net Working Capital to Revenue		 0.00% 17.71% 22.61% 25.73% 17.15% 12.73%
Net Working Capital to Revenue		 0.00% 16.35% 21.21% 24.69% 16.08% 11.85%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.14) ($0.70) ($0.29) ($5.87)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 557.27M 562.98M 543.09M 534.50M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.14) ($0.70) ($0.29) ($5.87)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 557.27M 562.98M 543.09M 534.50M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $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 534.50M
Normalized Net Operating Profit after Tax (NOPAT)		 307 103 -66 -57 -63 24
Normalized NOPAT Margin		 0.00% 3.77% -2.98% -2.38% -2.70% 1.05%
Pre Tax Income Margin		 0.00% -3.45% -5.62% -14.12% -6.35% -135.37%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 1.17 0.60 -0.02 -1.57 -0.44 -32.28
NOPAT to Interest Expense		 0.68 0.44 -0.54 -0.43 -0.61 -23.51
EBIT Less CapEx to Interest Expense		 1.00 0.21 -1.11 -2.64 -1.61 -33.48
NOPAT Less CapEx to Interest Expense		 0.51 0.06 -1.63 -1.50 -1.79 -24.71
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% -13.21% -2.78%
Augmented Payout Ratio		 9.09% 0.00% -16.67% -11.05% -118.24% -4.87%

Quarterly Metrics And Ratios for Alight

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 533,199,538.00 534,502,781.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 533,199,538.00 534,502,781.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -1.75 -0.04
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -25.73% 3,911.76% -4.61% -4.10% -0.36% -0.29% -1.97% -1.86% -3.96% -3.97% -2.55%
EBITDA Growth		 12.31% 1,550.00% -131.03% 247.06% -13.70% 513.79% 590.48% -833.08% -1,887.30% -428.65% -0.97%
EBIT Growth		 41.18% -12.07% -58.11% 165.96% -70.00% 215.38% 101.71% -3,500.00% -3,514.71% -1,018.67% -200.00%
NOPAT Growth		 10.00% 310.53% 0.00% -44.44% 6.67% -17.14% 80.00% -1,842.31% -3,047.62% -2,362.93% -175.00%
Net Income Growth		 -2.22% -157.58% -56.76% 131.94% -60.87% 104.71% 78.45% -4,769.57% -1,343.24% -11,750.00% 24.00%
EPS Growth		 -25.00% -128.57% -50.00% 128.57% -40.00% 106.25% 76.19% -5,175.00% -1,342.86% -8,950.00% 20.00%
Operating Cash Flow Growth		 7.23% 58.82% 38.89% -35.56% -126.97% -12.59% -27.00% 48.28% 420.83% 5.08% 8.22%
Free Cash Flow Firm Growth		 122.71% 0.00% 2,748.21% 847.60% 553.86% -86.29% -100.11% -66.85% -0.60% 1,199.23% 197,762.50%
Invested Capital Growth		 -3.07% -19.36% -20.03% -18.93% -18.34% -2.98% -0.07% -19.18% -37.11% -53.66% -52.71%
Revenue Q/Q Growth		 -0.71% 22.44% -61.45% -3.76% 3.16% 22.52% -19.41% -3.65% 0.95% 22.51% -18.22%
EBITDA Q/Q Growth		 114.71% -60.27% 66.67% 1,411.11% -46.61% 182.54% -42.13% -1,025.24% -18.15% 48.05% 117.44%
EBIT Q/Q Growth		 57.45% -225.00% 12.03% 126.50% -209.68% 320.59% -97.33% -52,800.00% -16.60% 43.94% 99.71%
NOPAT Q/Q Growth		 -25.00% 188.89% -90.48% -30.00% 19.23% 178.91% -124.14% -12,525.00% -30.89% 43.27% 97.07%
Net Income Q/Q Growth		 36.11% -269.57% 31.76% 119.83% -421.74% 110.81% -412.50% -4,196.00% 0.56% 12.73% 97.96%
EPS Q/Q Growth		 28.57% -220.00% 34.38% 119.05% -450.00% 114.29% -350.00% -3,960.00% 0.49% 12.38% 97.74%
Operating Cash Flow Q/Q Growth		 -1.11% 51.69% -25.93% -42.00% -141.38% 591.67% -38.14% 17.81% -10.47% 61.04% -36.29%
Free Cash Flow Firm Q/Q Growth		 39.57% 642.51% 1.00% -6.84% -3.69% -84.43% -100.77% 28,725.00% 188.78% 103.54% 17.48%
Invested Capital Q/Q Growth		 -1.00% -16.69% -2.36% 0.68% -0.28% -1.02% 0.57% -18.58% -22.41% -27.07% 2.63%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 29.80% 39.59% 32.56% 31.04% 31.35% 39.85% 31.20% 33.33% 33.40% 36.75% 29.21%
EBITDA Margin		 13.11% 4.25% -1.61% 21.93% 11.35% 26.18% 18.80% -180.49% -211.26% -89.59% 19.10%
Operating Margin		 -8.08% 5.87% -7.16% -9.67% -7.57% 6.47% -1.46% -191.29% -248.03% -114.85% -4.12%
EBIT Margin		 -3.59% -9.53% -20.93% 5.76% -6.13% 11.03% 0.37% -199.62% -230.58% -105.51% -0.37%
Profit (Net Income) Margin		 -8.26% -24.93% -20.75% 4.28% -13.33% 1.18% -4.56% -203.41% -200.38% -142.73% -3.56%
Tax Burden Percent		 85.19% 177.08% 78.38% -1,150.00% 139.62% 14.55% 125.00% 99.81% 85.24% 130.72% 73.08%
Interest Burden Percent		 270.00% 147.69% 126.50% -6.45% 155.88% 73.33% -1,000.00% 102.09% 101.95% 103.48% 1,300.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 47.27% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -1.99% 1.42% -2.50% -3.35% -2.64% 1.31% -0.39% -56.35% -80.56% -41.46% -1.46%
ROIC Less NNEP Spread (ROIC-NNEP)		 -2.56% -8.46% -6.81% -0.48% -4.74% 0.33% -1.57% -78.03% -88.63% -65.30% -1.66%
Return on Net Nonoperating Assets (RNNOA)		 -1.29% -3.45% -2.93% -0.21% -2.19% 0.11% -0.59% -34.77% -49.51% -41.60% -1.14%
Return on Equity (ROE)		 -3.28% -2.04% -5.42% -3.56% -4.83% 1.42% -0.98% -91.12% -130.07% -83.06% -2.60%
Cash Return on Invested Capital (CROIC)		 2.56% 20.61% 21.22% 19.70% 19.00% 1.99% -0.61% 8.26% 12.99% 24.03% 22.64%
Operating Return on Assets (OROA)		 -0.88% -2.07% -6.55% 1.82% -2.16% 2.71% 0.09% -53.49% -76.44% -37.41% -0.14%
Return on Assets (ROA)		 -2.02% -5.40% -6.49% 1.35% -4.71% 0.29% -1.14% -54.50% -66.43% -50.60% -1.31%
Return on Common Equity (ROCE)		 -2.90% -1.84% -5.16% -3.39% -4.63% 1.38% -0.98% -91.03% -129.95% -82.97% -2.60%
Return on Equity Simple (ROE_SIMPLE)		 -5.70% 0.00% -8.94% -6.91% -7.80% 0.00% -1.61% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -32 28 -28 -36 -29 23 -5.60 -707 -925 -525 -15
NOPAT Margin		 -5.66% 4.11% -5.01% -6.77% -5.30% 3.41% -1.02% -133.90% -173.62% -80.40% -2.88%
Net Nonoperating Expense Percent (NNEP)		 0.57% 9.88% 4.31% -2.87% 2.10% 0.97% 1.18% 21.68% 8.07% 23.84% 0.20%
Return On Investment Capital (ROIC_SIMPLE)		 - 0.37% - - - 0.37% -0.09% -13.77% -23.05% -17.21% -0.51%
Cost of Revenue to Revenue		 70.20% 60.41% 67.44% 68.96% 68.65% 60.15% 68.80% 66.67% 66.60% 63.25% 70.79%
SG&A Expenses to Revenue		 24.42% 22.58% 26.12% 27.14% 25.59% 22.21% 18.98% 24.62% 16.32% 17.46% 19.66%
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		 37.88% 33.72% 39.71% 40.71% 38.92% 33.38% 32.66% 224.62% 281.43% 151.61% 33.33%
Earnings before Interest and Taxes (EBIT)		 -20 -65 -117 31 -34 75 2.00 -1,054 -1,229 -689 -2.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 73 29 -9.00 118 63 178 103 -953 -1,126 -585 102
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.87 1.05 1.23 0.93 0.94 0.87 0.76 0.98 0.88 1.00 0.30
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)		 1.49 1.97 1.64 1.23 1.20 1.61 1.39 1.32 0.77 0.46 0.14
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% 0.58% 1.35% 2.12% 4.91% 8.21% 27.46%
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)		 0.92 1.20 1.34 1.11 0.95 0.91 0.83 0.99 0.94 1.00 0.75
Enterprise Value to Revenue (EV/Rev)		 2.59 3.12 2.39 2.01 1.72 2.33 2.16 2.09 1.56 1.23 0.95
Enterprise Value to EBITDA (EV/EBITDA)		 26.02 45.11 55.38 29.33 26.26 15.55 10.59 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 67.84 0.00 0.00 0.00 0.00
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)		 20.36 19.28 19.53 17.66 21.48 21.60 22.31 19.12 10.07 7.70 5.83
Enterprise Value to Free Cash Flow (EV/FCFF)		 35.45 5.22 5.61 5.05 4.51 44.99 0.00 10.66 5.56 2.63 2.12
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.57 0.59 0.62 0.62 0.47 0.47 0.48 0.65 1.00 1.92 1.94
Long-Term Debt to Equity		 0.57 0.58 0.61 0.55 0.46 0.46 0.47 0.64 0.99 1.90 1.92
Financial Leverage		 0.50 0.41 0.43 0.44 0.46 0.34 0.38 0.45 0.56 0.64 0.69
Leverage Ratio		 2.16 2.24 2.28 2.25 2.06 2.10 2.13 2.27 2.18 2.38 2.33
Compound Leverage Factor		 5.84 3.31 2.88 -0.15 3.22 1.54 -21.26 2.32 2.22 2.46 30.27
Debt to Total Capital		 36.41% 37.08% 38.10% 38.31% 31.95% 31.95% 32.29% 39.23% 50.07% 65.72% 66.03%
Short-Term Debt to Total Capital		 0.33% 0.33% 0.34% 4.53% 0.39% 0.39% 0.32% 0.39% 0.50% 0.66% 0.66%
Long-Term Debt to Total Capital		 36.08% 36.74% 37.76% 33.77% 31.56% 31.56% 31.97% 38.84% 49.58% 65.06% 65.37%
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		 4.76% 3.72% 0.12% 0.06% 0.06% 0.06% 0.06% 0.06% 0.05% 0.07% 0.07%
Common Equity to Total Capital		 58.83% 59.21% 61.78% 61.64% 67.99% 67.99% 67.64% 60.71% 49.88% 34.22% 33.91%
Debt to EBITDA		 10.65 16.93 19.09 12.09 9.23 5.79 4.26 -3.31 -1.12 -0.78 -0.78
Net Debt to EBITDA		 9.60 14.97 17.34 11.29 7.87 4.81 3.79 -2.94 -1.00 -0.68 -0.71
Long-Term Debt to EBITDA		 10.56 16.78 18.92 10.66 9.12 5.71 4.22 -3.28 -1.11 -0.78 -0.77
Debt to NOPAT		 -66.69 -49.28 -39.42 -33.94 -25.45 -32.14 -49.73 -2.83 -1.25 -0.93 -0.92
Net Debt to NOPAT		 -60.12 -43.56 -35.80 -31.71 -21.69 -26.70 -44.24 -2.51 -1.12 -0.80 -0.84
Long-Term Debt to NOPAT		 -66.10 -48.84 -39.07 -29.93 -25.14 -31.75 -49.24 -2.81 -1.24 -0.92 -0.91
Altman Z-Score		 0.65 0.67 0.88 0.77 0.93 0.84 0.72 -0.01 -0.70 -0.91 -0.57
Noncontrolling Interest Sharing Ratio		 11.40% 9.46% 4.77% 4.70% 4.01% 3.14% 0.15% 0.09% 0.09% 0.11% 0.11%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.22 1.27 1.57 1.37 1.30 1.42 1.18 1.16 1.21 1.31 1.42
Quick Ratio		 0.45 0.35 0.28 0.22 0.81 0.91 0.73 0.73 0.73 0.76 0.77
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 204 1,511 1,483 1,382 1,331 207 -1.60 458 1,323 2,692 3,163
Operating Cash Flow to CapEx		 247.22% 519.23% 277.78% 187.10% -85.71% 453.85% 251.72% 307.14% 275.00% 496.00% 303.85%
Free Cash Flow to Firm to Interest Expense		 5.99 48.74 47.84 41.87 70.03 10.36 -0.07 20.82 55.11 112.17 131.78
Operating Cash Flow to Interest Expense		 2.62 4.35 3.23 1.76 -1.26 5.90 3.32 3.91 3.21 5.17 3.29
Operating Cash Flow Less CapEx to Interest Expense		 1.56 3.52 2.06 0.82 -2.74 4.60 2.00 2.64 2.04 4.13 2.21
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.24 0.22 0.31 0.32 0.35 0.25 0.25 0.27 0.33 0.35 0.37
Accounts Receivable Turnover		 4.26 4.29 6.56 6.71 6.01 5.15 5.59 5.90 5.37 5.27 5.64
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		 8.10 0.00 9.28 8.95 8.94 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 4.24 3.78 6.71 7.08 5.87 4.52 5.36 5.74 5.13 4.92 5.86
Days Sales Outstanding (DSO)		 85.66 85.13 55.62 54.37 60.71 70.90 65.34 61.83 67.93 69.22 64.70
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)		 86.08 96.46 54.39 51.54 62.22 80.69 68.11 63.56 71.14 74.12 62.25
Cash Conversion Cycle (CCC)		 -0.41 -11.33 1.23 2.83 -1.52 -9.79 -2.77 -1.72 -3.21 -4.90 2.45
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 7,417 6,179 6,033 6,074 6,057 5,995 6,029 4,909 3,809 2,778 2,851
Invested Capital Turnover		 0.35 0.34 0.50 0.50 0.50 0.38 0.38 0.42 0.46 0.52 0.51
Increase / (Decrease) in Invested Capital		 -235 -1,483 -1,511 -1,418 -1,360 -184 -4.00 -1,165 -2,248 -3,217 -3,178
Enterprise Value (EV)		 6,842 7,443 8,085 6,745 5,778 5,444 5,021 4,838 3,565 2,774 2,135
Market Capitalization		 3,951 4,693 5,545 4,144 4,043 3,758 3,221 3,047 1,758 1,040 311
Book Value per Share		 $8.12 $8.07 $8.03 $7.97 $7.91 $7.94 $7.79 $5.79 $3.71 $1.96 $1.92
Tangible Book Value per Share		 ($5.00) ($3.41) ($3.12) ($3.09) ($3.32) ($3.24) ($3.25) ($3.39) ($2.83) ($3.02) ($2.92)
Total Capital		 7,693 7,536 7,315 7,257 6,357 6,338 6,252 5,136 4,014 3,051 3,029
Total Debt		 2,801 2,794 2,787 2,780 2,031 2,025 2,019 2,015 2,010 2,005 2,000
Total Long-Term Debt		 2,776 2,769 2,762 2,451 2,006 2,000 1,999 1,995 1,990 1,985 1,980
Net Debt		 2,525 2,470 2,531 2,597 1,731 1,682 1,796 1,788 1,805 1,732 1,822
Capital Expenditures (CapEx)		 36 26 36 31 28 26 29 28 28 25 26
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 214 290 1,076 1,072 0.00 57 -42 -64 -8.00 15 130
Debt-free Net Working Capital (DFNWC)		 490 614 1,332 1,255 300 400 181 163 197 288 308
Net Working Capital (NWC)		 465 589 1,307 926 275 375 161 143 177 268 288
Net Nonoperating Expense (NNE)		 15 198 88 -59 45 15 19 367 143 407 3.60
Net Nonoperating Obligations (NNO)		 2,525 1,437 1,505 1,597 1,731 1,682 1,796 1,788 1,805 1,732 1,822
Total Depreciation and Amortization (D&A)		 93 94 108 87 97 103 101 101 103 104 104
Debt-free, Cash-free Net Working Capital to Revenue		 8.09% 12.15% 31.81% 31.90% 0.00% 2.44% -1.81% -2.77% -0.35% 0.66% 5.78%
Debt-free Net Working Capital to Revenue		 18.52% 25.73% 39.37% 37.35% 8.93% 17.15% 7.80% 7.05% 8.61% 12.73% 13.70%
Net Working Capital to Revenue		 17.57% 24.69% 38.63% 27.56% 8.19% 16.08% 6.94% 6.19% 7.73% 11.85% 12.81%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.10) ($0.32) ($0.21) $0.04 ($0.14) $0.02 ($0.05) ($2.03) ($2.02) ($1.77) ($0.04)
Adjusted Weighted Average Basic Shares Outstanding		 552.93M 562.98M 561.49M 546.38M 543.02M 543.09M 538.26M 539.29M 533.20M 534.50M 537.24M
Adjusted Diluted Earnings per Share		 ($0.10) ($0.32) ($0.21) $0.04 ($0.14) $0.02 ($0.05) ($2.03) ($2.02) ($1.77) ($0.04)
Adjusted Weighted Average Diluted Shares Outstanding		 552.93M 562.98M 561.49M 546.38M 543.02M 543.09M 538.26M 539.29M 533.20M 534.50M 537.24M
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		 552.93M 562.98M 561.49M 546.38M 543.02M 543.09M 538.26M 539.29M 533.20M 534.50M 537.24M
Normalized Net Operating Profit after Tax (NOPAT)		 -32 28 -28 -36 -29 23 -5.60 -19 11 -525 -15
Normalized NOPAT Margin		 -5.66% 4.11% -5.01% -6.77% -5.30% 3.41% -1.02% -3.58% 2.10% -80.40% -2.88%
Pre Tax Income Margin		 -9.69% -14.08% -26.48% -0.37% -9.55% 8.09% -3.65% -203.79% -235.08% -109.19% -4.87%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.59 -2.10 -3.77 0.94 -1.79 3.75 0.09 -47.91 -51.21 -28.71 -0.08
NOPAT to Interest Expense		 -0.93 0.90 -0.90 -1.10 -1.55 1.16 -0.25 -32.14 -38.56 -21.88 -0.64
EBIT Less CapEx to Interest Expense		 -1.65 -2.94 -4.94 0.00 -3.26 2.45 -1.23 -49.18 -52.38 -29.75 -1.17
NOPAT Less CapEx to Interest Expense		 -1.99 0.06 -2.06 -2.04 -3.02 -0.14 -1.57 -33.41 -39.73 -22.92 -1.73
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -13.21% -61.76% -5.49% -3.98% -2.78% -2.10%
Augmented Payout Ratio		 -15.50% -11.05% -7.43% -34.30% -45.99% -118.24% -336.76% -16.39% -7.55% -4.87% -3.56%

Financials Breakdown Chart

Key Financial Trends

Alight’s latest quarter shows a business that is still generating operating cash, but profitability remains weak and the balance sheet is heavily shaped by debt and large intangible assets. In Q1 2026, revenue was $534 million, down modestly from $653 million in Q4 2025 and roughly in line with prior-year quarterly levels. The company posted a net loss of $19 million, or $(0.04) per share, which is an improvement from the much larger losses seen in recent quarters. Even so, the quarter was not a clean turnaround: operating income was still negative and cash was reduced by financing outflows.

The good news is that Alight continues to produce positive operating cash flow despite reporting losses. In Q1 2026, operating cash flow came in at $79 million, helped by non-cash add-backs such as depreciation and amortization. That said, investing and financing uses outweighed the operating inflow, leading to a $104 million decline in cash and equivalents during the quarter.

  • Operating cash flow remained positive at $79 million in Q1 2026, showing the core business still converts revenue into cash.
  • Q1 2026 net loss of $19 million was much smaller than the huge Q4 2025 loss of $933 million, suggesting earnings volatility is easing.
  • Revenue held relatively steady quarter to quarter, with Q1 2026 revenue of $534 million versus $533 million in Q3 2025 and $653 million in Q4 2025.
  • The company has limited short-term debt at $20 million, which reduces near-term refinancing pressure.
  • Capital spending appears modest, with only $26 million of PP&E purchases in Q1 2026.
  • Alight’s balance sheet still carries substantial goodwill and intangible assets, which make up most of total assets.
  • Cash fell to $178 million from $205 million in Q3 2025 and $223 million in Q1 2025, leaving less liquidity than earlier periods.
  • Common stock equity remains large on paper, but retained earnings are deeply negative, reflecting years of cumulative losses.
  • Debt remains meaningful, with $1.98 billion in long-term debt and total liabilities of $3.31 billion.
  • Q1 2026 operating income was negative $22 million, so the company is still not consistently profitable at the operating level.
  • Gross profit fell to $156 million from $240 million in Q4 2025 as revenue dropped and cost of revenue stayed high.
  • Financing activities used $156 million in cash in Q1 2026, including debt repayment and other financing outflows.
  • The balance sheet is highly leveraged, with liabilities of $3.31 billion versus equity of just over $1.0 billion.
  • Alight’s Q3 2025 and Q2 2025 results included large impairment charges, a sign that prior asset values were written down sharply.

Looking at the last several years, the trend is mixed. Revenue has been fairly stable in the $530 million to $680 million range on a quarterly basis, but earnings have been volatile and often negative. There was a brief period of profitability in Q4 2024, when the company reported $29 million in continuing net income and $118 million in operating cash flow. However, 2025 brought a major deterioration, including impairment charges and very large losses in Q3 and especially Q4 2025.

For investors, the key question is whether Alight can sustain positive operating cash flow while reducing leverage and avoiding large write-downs. The latest quarter suggests stabilization is possible, but the company still has a lot to prove on margins, earnings consistency, and balance-sheet strength.

07/05/26 02:47 PM ETAI Generated. May Contain Errors.

Alight Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Alight's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Alight's net income appears to be on an upward trend, with a most recent value of -$3.10 billion in 2025, falling from $44 million in 2019. The previous period was -$159 million in 2024. See Alight's forecast for analyst expectations on what's next for the company.

Alight's total operating income in 2025 was -$3.09 billion, based on the following breakdown:
  • Total Gross Profit: $765 million
  • Total Operating Expenses: $3.86 billion

Over the last 5 years, Alight's total revenue changed from $0.00 in 2019 to $2.26 billion in 2025, a change of 226,200,000,000.0%.

Alight's total liabilities were at $3.52 billion at the end of 2025, a 9.2% decrease from 2024, and a 43.9% decrease since 2020.

In the past 5 years, Alight's cash and equivalents has ranged from $250 million in 2022 to $506 million in 2020, and is currently $273 million as of their latest financial filing in 2025.

Over the last 5 years, Alight's book value per share changed from 0.00 in 2019 to 1.96 in 2025, a change of 195.8%.


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Financial statements for NYSE:ALIT last updated on 7/1/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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