ALIT on NYSE

Alight Solutions

Logo: Alight Solutions, Public domain, via Wikimedia Commons⁴

Information Technology and consulting company based in Chicago, Illinois

Alight Solutions is an American information technology and consulting company that provides cloud-based systems, outsourcing and consultancy related to human resource. They provide platforms and outsourcing for large companies to manage their human capital this includes health benefit administration, financial management and retirement planning.³ From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$2.3BRevenue, fiscal 2025⁵

-$3.1BNet income, fiscal 2025⁵

May 2017Founded¹

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TickerALIT on NYSE¹
Industryprofessional service¹
HeadquartersDE¹
Incorporated inDE⁶
Business address320 South Canal Street, 50Th Floor, Suite 5000, Chicago, Il 60606⁶
Filer categoryLarge accelerated filer⁶

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

33.8%Gross margin⁵

-136.6%Operating margin⁵

-136.9%Net margin⁵

-3.0%Revenue growth, 2025⁵

-296.6%Return on equity⁵

1.90×Debt to equity⁵

$250.0MFree cash flow⁵

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 99% of the revenue Alight Solutions broke down this way in fiscal 2025.

United States$2.2B⁵99%down 3% from 2024
Outside the United States$26.0M⁵1%down 7% from 2024

Regions by year

Regions	2023	2024	2025
United States	$2.4B	$2.3B	$2.2B
Outside the United States	$28.0M	$28.0M	$26.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

Selling, general and adminOther costs

Selling, general and admin19¢$435.0M
Other costs80¢$1.8B
Income tax1¢$16.0M

Out of $2.3B in revenue.⁵ The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

Capital spendingDividends paidShare buybacksKept or used elsewhere

Capital spending31¢$110.0M
Dividends paid24¢$86.0M
Share buybacks18¢$65.0M
Kept or used elsewhere28¢$99.0M

Out of $360.0M of cash from operations.⁵

Financial statements

Revenue⁸⁹⁵$2.3B in 2025−11% since 2019

Gross profit⁹⁵$765.0M in 2025+12% since 2022

Operating income⁸⁹⁵-$3.1B in 2025

Net income¹⁰⁹⁵-$3.1B in 2025+8749% since 2021

Every line of the income statement in the latest annual report, as filed.⁵

Period ending	2025-12-31	2024-12-31	2023-12-31
Revenue	$2.3B	$2.3B	$2.4B
Cost of services, exclusive of depreciation and amortization	$1.4B	$1.4B	$1.5B
Depreciation and amortization	$111.0M	$96.0M	$72.0M
Gross Profit	$765.0M	$794.0M	$810.0M
Selling, general and administrative	$435.0M	$585.0M	$590.0M
Depreciation and intangible amortization	$296.0M	$299.0M	$301.0M
Goodwill impairment	$3.1B	$0	$0
Total Operating expenses	$3.9B	$884.0M	$891.0M
Operating Income (Loss) From Continuing Operations	-$3.1B	-$90.0M	-$81.0M
(Gain) Loss from change in fair value of financial instruments	-$1.0M	-$57.0M	$10.0M
(Gain) Loss from change in fair value of tax receivable agreement	-$93.0M	$34.0M	$118.0M
Interest expense	$92.0M	$103.0M	$131.0M
Other (income) expense, net	-$26.0M	-$22.0M	-$3.0M
Total Other (income) expense, net	-$28.0M	$58.0M	$256.0M
Income (Loss) From Continuing Operations Before Taxes	-$3.1B	-$148.0M	-$337.0M
Income tax expense (benefit)	$16.0M	-$8.0M	-$20.0M
Net Income (Loss) From Continuing Operations	-$3.1B	-$140.0M	-$317.0M
Net Income (Loss) From Discontinued Operations, Net of Tax	-$21.0M	-$19.0M	-$45.0M
Net income (loss) attributable to noncontrolling interests	-$2.0M	-$2.0M	-$17.0M
Net Income (Loss) Attributable to Alight, Inc.	-$3.1B	-$157.0M	-$345.0M
Continuing operations, basic (in dollars per share)	-$6	-$0	-$1
Continuing operations, diluted (in dollars per share)	-$6	-$0	-$1
Discontinued operations, basic (in dollars per share)	-$0	-$0	-$0
Discontinued operations, diluted (in dollars per share)	-$0	-$0	-$0
Net income (loss), basic (in dollars per share)	-$5.87	-$0.29	-$0.70
Net income (loss), diluted (in dollars per share)	-$5.87	-$0.29	-$0.70
Net Income (Loss)	-$3.1B	-$159.0M	-$362.0M
Change in fair value of derivatives	-$27.0M	-$35.0M	-$42.0M
Foreign currency translation adjustments	$0	$7.0M	$9.0M
Total Other comprehensive income (loss), net of tax:	-$27.0M	-$28.0M	-$33.0M
Comprehensive Income (Loss) Before Noncontrolling Interests	-$3.1B	-$187.0M	-$395.0M
Comprehensive income (loss) attributable to noncontrolling interests	-$2.0M	-$6.0M	-$26.0M
Comprehensive Income (Loss) Attributable to Alight, Inc.	-$3.1B	-$181.0M	-$369.0M

Total assets⁸¹⁴¹⁰⁹⁵$4.6B in 2025−34% since 2020

Total liabilities⁸¹⁴¹⁰⁹⁵$3.5B in 2025−44% since 2020

Shareholders’ equity⁸¹⁴¹⁰⁹⁵$1.0B in 2025+53% since 2020

Cash⁸¹⁰⁹⁵$273.0M in 2025−46% since 2020

Long-term debt⁸¹⁴¹⁰⁹⁵$2.0B in 2025−51% since 2020

Every line of the balance sheet in the latest annual report, as filed.⁵

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$273.0M	$343.0M	$324.0M
Receivables, net	$387.0M	$471.0M
Other current assets	$234.0M	$214.0M
Fiduciary assets	$248.0M	$239.0M
Total Current Assets	$1.1B	$1.3B
Goodwill	$83.0M	$3.2B
Intangible assets, net	$2.6B	$2.9B
Fixed assets, net	$378.0M	$396.0M
Deferred tax assets, net	$15.0M	$41.0M
Other assets	$377.0M	$422.0M
Total Assets	$4.6B	$8.2B
Accounts payable and accrued liabilities	$253.0M	$355.0M
Current portion of long-term debt, net	$20.0M	$25.0M
Other current liabilities	$353.0M	$273.0M
Fiduciary liabilities	$248.0M	$239.0M
Total Current Liabilities	$874.0M	$892.0M
Deferred tax liabilities	$14.0M	$22.0M
Long-term debt, net	$2.0B	$2.0B
Long-term tax receivable agreement	$508.0M	$757.0M
Financial instruments	$0	$51.0M
Other liabilities	$141.0M	$158.0M
Total Liabilities	$3.5B	$3.9B
Preferred stock at $0.0001 par value: 1.0 shares authorized, none issued and outstanding	$0	$0
Treasury stock, at cost (42.6 and 28.8 shares at December 31, 2025 and December 31, 2024, respectively)	-$284.0M	-$219.0M
Additional paid-in-capital	$5.1B	$5.1B
Accumulated deficit	-$3.8B	-$660.0M
Accumulated other comprehensive income	$20.0M	$47.0M
Total Alight, Inc. Stockholders' Equity	$1.0B	$4.3B
Noncontrolling interest	$2.0M	$4.0M
Total Stockholders' Equity	$1.0B	$4.3B	$4.7B
Total Liabilities and Stockholders' Equity	$4.6B	$8.2B
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized (in shares)	1.0M shares	1.0M shares
Preferred stock, shares issued (in shares)	0 shares	0 shares
Preferred stock, shares outstanding (in shares)	0 shares	0 shares
Treasury shares (in shares)	42.6M shares	28.8M shares

Cash from operations⁹⁵$360.0M in 2025+26% since 2022

Capital spending⁹⁵$110.0M in 2025−16% since 2022

Free cash flow⁹⁵$250.0M in 2025+61% since 2022

Dividends paid⁹⁵$86.0M in 2025

Share buybacks⁹⁵$65.0M in 2025+442% since 2022

Every line of the cash flow in the latest annual report, as filed.⁵

Period ending	2025-12-31	2024-12-31	2023-12-31
Net Income (Loss) From Continuing Operations	-$3.1B	-$140.0M	-$317.0M
Depreciation	$126.0M	$115.0M	$92.0M
Intangible asset amortization	$281.0M	$280.0M	$281.0M
Noncash lease expense	$7.0M	$11.0M	$13.0M
Financing fee and premium amortization	$2.0M	$0	-$2.0M
Share-based compensation expense	$19.0M	$76.0M	$139.0M
(Gain) loss from change in fair value of financial instruments	-$1.0M	-$57.0M	$10.0M
(Gain) Loss from change in fair value of tax receivable agreement	-$93.0M	$34.0M	$118.0M
Release of unrecognized tax provision	$0	-$1.0M	-$1.0M
Deferred tax expense (benefit)	$8.0M	-$19.0M	-$9.0M
Goodwill impairment	$3.1B	$0	$0
Other	$15.0M	-$1.0M	$2.0M
Accounts receivable	$84.0M	-$37.0M	-$20.0M
Accounts payable and accrued liabilities	-$90.0M	$31.0M	-$61.0M
Other assets and liabilities	-$44.0M	-$99.0M	$2.0M
Cash provided by operating activities - continuing operations	$360.0M	$193.0M	$247.0M
Cash provided by operating activities - discontinued operations	$0	$59.0M	$139.0M
Net cash provided by operating activities	$360.0M	$252.0M	$386.0M
Net proceeds from sale of business	-$13.0M	$968.0M	$0
Acquisition of businesses, net of cash acquired	$0	$0	$1.0M
Capital expenditures	-$110.0M	-$121.0M	-$140.0M
Cash provided by (used in) investing activities - continuing operations	-$123.0M	$847.0M	-$139.0M
Cash used in investing activities - discontinued operations	$0	-$11.0M	-$20.0M
Net cash provided by (used in) investing activities	-$123.0M	$836.0M	-$159.0M
Dividend payments	-$86.0M	-$21.0M	$0
Net increase (decrease) in fiduciary liabilities	$9.0M	$5.0M	-$21.0M
Repayments to banks	-$20.0M	-$765.0M	-$25.0M
Principal payments on finance lease obligations	-$22.0M	-$27.0M	-$25.0M
Payments on tax receivable agreements	-$100.0M	-$62.0M	-$7.0M
Tax payment for shares/units withheld in lieu of taxes	-$12.0M	-$59.0M	-$16.0M
Deferred and Contingent Consideration Payments	$0	$0	-$9.0M
Repurchase of shares	-$65.0M	-$167.0M	-$40.0M
Other financing activities	-$2.0M	$0	-$1.0M
Cash used for financing activities - continuing operations	-$298.0M	-$1.1B	-$144.0M
Cash provided by (used in) financing activities - discontinued operations	$0	$22.0M	-$87.0M
Net Cash provided by (used in) financing activities	-$298.0M	-$1.1B	-$231.0M
Effect of exchange rate changes on cash, cash equivalents and restricted cash - continuing operations	$0	$1.0M	$0
Effect of exchange rate changes on cash, cash equivalents and restricted cash - discontinued operations	$0	-$3.0M	$4.0M
Net increase (decrease) in cash, cash equivalents and restricted cash	-$61.0M	$12.0M	$0
Interest paid	$94.0M	$108.0M	$128.0M
Income taxes paid	$36.0M	$50.0M	$46.0M
Fixed asset additions acquired through finance leases	$8.0M	$62.0M	$12.0M
Right of use asset additions acquired through operating leases	$9.0M	$8.0M	$3.0M

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The story

Foundation

Alight was formed in May 2017 after the acquisition of the benefits outsourcing department of Aon Hewitt by private equity funds affiliated with Blackstone Group L.P.

Growth through acquisitions

In March 2018, Alight entered into a definitive agreement to acquire Future Knowledge, an HR advisory company in Australia and New Zealand. In July 2018, Alight acquired Compass Professional Health Services, a healthcare technology company based in Dallas, Texas.

In September 2018, India's third largest software services exporter Wipro announced a $1.5 billion, 10-year engagement with Alight Solutions. According to its contract with Alight, Wipro has been mandated to digitally transform the Illinois-headquartered company's business. In February 2019 Wipro went on to sell their Workday and Cornerstone OnDemand installations to Alight Solutions for $110 million.

On February 22, 2019, Alight announced the acquisition of Carlson Management Consulting, an Adaptive Insights implementation partner. On August 1, 2019, Employee benefits platform Hodges-Mace was acquired by Alight Solutions. On August 22, 2019, Alight Solutions announced the acquisition of NGA Human Resources, a provider of digital human resources and global payroll services.

On July 6, 2021, they had an initial public offering (IPO) on the New York Stock Exchange. In August 2024, Dave Guilmette was hired as the new CEO of the company.

On Nov 24, 2025 it was announced that Rohit Verma would be the new CEO of Alight on January 1, 2026.

From Wikipedia’s article on Alight Solutions, shared under CC BY-SA 4.0.⁷

Former names

Alight Group, Inc.Jul 7, 2021 to Jul 12, 2021⁶
Foley Trasimene Acquisition Corp.Apr 10, 2020 to Jul 6, 2021⁶

Timeline

May 2017Founded Founded¹

Recent filings

Oct 14, 20268-K
Oct 2, 20264
Oct 2, 20264
Oct 2, 20264
Oct 2, 20264
Oct 2, 20264
Sep 8, 20264
Aug 18, 20264
Aug 5, 20264
Aug 5, 20264
Aug 5, 20264
Aug 5, 20264
Aug 5, 20264
Aug 5, 20264
Aug 4, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.²

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataAlight Solutions on Wikidata
2
SEC EDGARAlight Solutions filings on SEC EDGAR
3
WikipediaAlight Solutions on Wikipedia
4
Wikimedia CommonsAlight Solutions logo by Alight Solutions, Public domain
5
SEC EDGARAlight Solutions 10-K for fiscal 2025
6
SEC EDGARAlight Solutions filings on SEC EDGAR
7
WikipediaAlight Solutions on Wikipedia (revision used)
8
SEC EDGARAlight Solutions 10-K for fiscal 2019
9
SEC EDGARAlight Solutions 10-K for fiscal 2022
10
SEC EDGARAlight Solutions 10-K for fiscal 2021
11
SEC EDGARAlight Solutions 10-Q for fiscal 2025
12
SEC EDGARAlight Solutions 10-Q for fiscal 2025
13
SEC EDGARAlight Solutions 10-Q for fiscal 2026
14
SEC EDGARAlight Solutions 10-K for fiscal 2021
15
SEC EDGARAlight Solutions 10-Q for fiscal 2025