ALIT

MKT CAP:$366M

Alight, Inc.

Market Cap

$366M

Technology·Software - Application·🇺🇸 United States·NYSE

Technology·Software App·🇺🇸·NYSE

Stock Price

$0.61-$1.27 (-67.30%)

Apr 17, 2026

Company Details

Alight, Inc. operates as a cloud-based provider of integrated digital human capital and business solutions worldwide. It operates through three segments: Employer Solutions, Professional Services, and Hosted Business. The company's solution...

CEO

Rohit Verma

IPO Date

Jul 17, 2020

Website

www.alight.com

Key Metrics TTM

Revenue

$2.7B

-11.2% YoY

Net Income

-$2.3B

EPS (Diluted)

-$4.19

Free Cash Flow

$335M

Revenue / Share

$5.12

Gross Margin

23.8%

Operating Margin

46.7%

Net Margin

-84.5%

FCF Margin

12.4%

P/S

0.1x

P/E

—

Earnings Reports

Q1 2026

May 14, 2026

PENDING

Q4 2025

Feb 24, 2026

$653MEPS -$1.78

Q2 2025

Aug 5, 2025

$528MEPS -$2.03

Q1 2024

May 8, 2024

$559MEPS -$0.21

Q4 2023

Feb 29, 2024

$960M+1.9%EPS -$0.17

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 17	$654M	$282M	$113M
Q4 18	$651M	$239M	$76M
Q1 20	$693M	$231M	$38M
Q2 20	$647M	$187M	$18M
Q3 20	$668M	$227M	$42M
Q4 20	$720M	$202M	$49M
Q1 21	$689M	$218M	$46M
Q2 21	$672M	$217M	$56M
Q4 21	$864M	$294M	$40M
Q4 22	$942M	$342M	$61M
Q2 23	$561M	$187M	-$36M
Q4 23	$960M	$369M	-$63M
Q1 24	$559M	$182M	-$40M
Q2 25	$528M	$176M	-$1.0B
Q4 25	$653M	-$84M	$2.4B

Valuation

Quarter	P/S	P/E
Q4 17	—	—
Q4 18	—	—
Q1 20	—	—
Q2 20	1.8x	145.3x
Q3 20	1.7x	—
Q4 20	1.9x	—
Q1 21	1.7x	—
Q2 21	1.6x	—
Q4 21	1.7x	172.5x
Q4 22	1.3x	—
Q2 23	1.5x	—
Q4 23	1.4x	—
Q1 24	1.7x	—
Q2 25	1.2x	—
Q4 25	0.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 17	$132M	$117M
Q4 18	$123M	$99M
Q1 20	-$14M	-$39M
Q2 20	$34M	$12M
Q3 20	$111M	$87M
Q4 20	$102M	$83M
Q1 21	$39M	$12M
Q2 21	$19M	-$9M
Q4 21	$64M	$32M
Q4 22	$85M	$52M
Q2 23	$90M	$57M
Q4 23	$135M	$109M
Q1 24	$100M	$69M
Q2 25	$86M	$58M
Q4 25	$124M	$99M

Capital Expenditures

Quarter	CapEx
Q4 17	$15M
Q4 18	$24M
Q1 20	$25M
Q2 20	$22M
Q3 20	$24M
Q4 20	$19M
Q1 21	$27M
Q2 21	$28M
Q4 21	$32M
Q4 22	$33M
Q2 23	$33M
Q4 23	$26M
Q1 24	$31M
Q2 25	$28M
Q4 25	$25M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	+2.1%	+15.7%
Q4 20	+10.6%	+16.7%
Q1 21	-0.6%	-1.8%
Q2 21	+3.9%	-2.1%
Q4 21	+29.3%	+31.6%
Q4 22	+30.8%	+31.3%
Q2 23	-18.6%	-7.2%
Q4 23	+42.9%	+66.1%
Q1 24	-35.3%	-27.3%
Q2 25	-43.9%	+74.6%
Q4 25	+16.4%	-388.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 17	$1M	0.2%
Q4 18	$2M	0.3%
Q1 20	$2M	0.3%
Q2 20	$2M	0.3%
Q3 20	$1M	0.1%
Q4 20	$0	0.0%
Q1 21	$2M	0.3%
Q2 21	$3M	0.4%
Q4 21	$52M	6.0%
Q4 22	$52M	5.5%
Q2 23	$0	0.0%
Q4 23	$46M	4.8%
Q1 24	$28M	5.0%
Q2 25	$5M	0.9%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 17	—	—	—	$98M
Q4 18	$35M	—	—	$87M
Q1 20	—	—	—	$124M
Q2 20	—	$109.4K	$112M	—
Q3 20	—	—	—	$128M
Q4 20	—	—	—	$97M
Q1 21	—	—	—	$117M
Q2 21	—	$4M	$101M	—
Q4 21	—	$4M	$165M	—
Q4 22	—	—	—	$196M
Q2 23	—	—	—	$149M
Q4 23	—	—	—	$199M
Q1 24	—	—	—	$146M
Q2 25	—	—	—	$130M
Q4 25	—	—	—	$114M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q4 17	—	27.5%	—
Q4 18	—	24.9%	—
Q1 20	—	15.4%	—
Q2 20	—	12.4%	—
Q3 20	2.1%	17.1%	19.2
Q4 20	10.6%	16.0%	26.6
Q1 21	-0.6%	16.3%	15.7
Q2 21	3.9%	19.3%	23.2
Q4 21	29.3%	26.3%	55.6
Q4 22	30.8%	13.6%	44.4
Q2 23	-18.6%	6.1%	-12.5
Q4 23	42.9%	-6.6%	36.3
Q1 24	-35.3%	-3.6%	-38.9
Q2 25	-43.9%	-180.7%	-224.6
Q4 25	16.4%	-89.7%	-73.3

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$326M	$0	$326M
Q2 22	$272M	$0	$272M
Q3 22	$304M	$0	$304M
Q4 22	$250M	$0	$250M
Q1 23	$239M	$0	$239M
Q2 23	$271M	$0	$271M
Q3 23	$276M	$0	$276M
Q4 23	$358M	$0	$358M
Q1 24	$506M	$0	$506M
Q2 24	$183M	$0	$183M
Q3 24	$300M	$0	$300M
Q4 24	$343M	$0	$343M
Q1 25	$223M	$0	$223M
Q2 25	$227M	$0	$227M
Q3 25	$205M	$0	$205M
Q4 25	$273M	$0	$273M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 17	125M	—	—
Q4 18	125M	-0.2%	—
Q1 20	447M	+257.9%	—
Q2 20	447M	0.0%	—
Q3 20	447M	0.0%	+257.2%
Q4 20	447M	0.0%	+257.9%
Q1 21	447M	0.0%	0.0%
Q2 21	447M	0.0%	0.0%
Q4 21	464M	+3.9%	+3.9%
Q4 22	478M	+3.1%	+7.1%
Q2 23	490M	+2.5%	+9.7%
Q4 23	498M	+1.5%	+11.4%
Q1 24	542M	+8.9%	+16.8%
Q2 25	528M	-2.5%	+10.5%
Q4 25	528M	-0.2%	+7.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 17	—	—
Q4 18	—	—
Q1 20	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	$180M	4
Q1 21	$172M	4
Q2 21	$168M	4
Q4 21	$54.0K	16K
Q4 22	$52.3K	18K
Q2 23	$31.2K	18K
Q4 23	$53.3K	18K
Q1 24	$31.1K	18K
Q2 25	$29.3K	18K
Q4 25	$36.3K	18K

Revenue / Employee