Alight, Inc. / Delaware
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
ALIT$12.21-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
Condensed Consolidated Statements of Comprehensive Income (Loss)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in millions, except per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Revenue | $528 | $538 | $1,076 | $1,097 |
| Cost of services, exclusive of depreciation and amortization | 325 | 345 | 676 | 701 |
| Depreciation and amortization | 27 | 26 | 53 | 47 |
| Gross Profit | 176 | 167 | 347 | 349 |
| Operating Expenses | ||||
| Selling, general and administrative | 130 | 146 | 234 | 292 |
| Depreciation and intangible amortization | 73 | 73 | 148 | 149 |
| Goodwill impairment | 983 | — | 983 | — |
| Total Operating expenses | 1,186 | 219 | 1,365 | 441 |
| Operating Income (Loss) From Continuing Operations | (1,010) | (52) | (1,018) | (92) |
| Other (Income) Expense | ||||
| (Gain) Loss from change in fair value of financial instruments | 28 | (52) | 20 | (31) |
| (Gain) Loss from change in fair value of tax receivable agreement | 23 | (31) | 32 | 24 |
| Interest expense | 22 | 33 | 44 | 64 |
| Other (income) expense, net | (7) | — | (18) | 1 |
| Total Other (income) expense, net | 66 | (50) | 78 | 58 |
| Income (Loss) From Continuing Operations Before Taxes | (1,076) | (2) | (1,096) | (150) |
| Income tax expense (benefit) | (3) | 2 | (6) | (25) |
| Net Income (Loss) From Continuing Operations | (1,073) | (4) | (1,090) | (125) |
| Net Income (Loss) From Discontinued Operations, Net of Tax | (1) | 27 | (9) | 32 |
| Net Income (Loss) | (1,074) | 23 | (1,099) | (93) |
| Net income (loss) attributable to noncontrolling interests | (1) | — | (1) | (2) |
| Net Income (Loss) Attributable to Alight, Inc. | $(1,073) | $23 | $(1,098) | $(91) |
| Earnings (Loss) Per Share | ||||
| Basic and Diluted | ||||
| Continuing operations | $(2.03) | $(0.01) | $(2.05) | $(0.23) |
| Discontinued operations | $0.00 | $0.05 | $(0.02) | $0.06 |
| Net Income (Loss) | $(2.03) | $0.04 | $(2.07) | $(0.17) |
| Net Income (Loss) | $(1,074) | $23 | $(1,099) | $(93) |
| Other comprehensive income (loss), net of tax: | ||||
| Change in fair value of derivatives | (5) | (8) | (13) | (5) |
| Foreign currency translation adjustments | — | (2) | — | (4) |
| Total Other comprehensive income (loss), net of tax: | (5) | (10) | (13) | (9) |
| Comprehensive Income (Loss) Before Noncontrolling Interests | (1,079) | 13 | (1,112) | (102) |
| Comprehensive income (loss) attributable to noncontrolling interests | (1) | — | (1) | (6) |
| Comprehensive Income (Loss) Attributable to Alight, Inc. | $(1,078) | $13 | $(1,111) | $(96) |
Condensed Consolidated Statements of Stockholders’ Equity
| (in millions) | CommonStock | Treasury Stock | Additional Paid-in Capital | Accumulated Deficit | AccumulatedOtherComprehensiveIncome | Total Alight, Inc. Equity | Noncontrolling Interest | Total Stockholders' Equity |
|---|---|---|---|---|---|---|---|---|
| Balance at March 31, 2025 | $— | $(239) | $5,114 | $(685) | $39 | $4,229 | $4 | $4,233 |
| Net income | — | — | — | (1,073) | — | (1,073) | (1) | (1,074) |
| Other comprehensive income, net | — | — | — | — | (5) | (5) | — | (5) |
| Common stock issued under ESPP | — | — | 4 | — | — | 4 | — | 4 |
| Conversion of noncontrolling interest | — | — | — | — | — | — | — | — |
| Share-based compensation expense | — | — | 5 | — | — | 5 | — | 5 |
| Shares withheld in lieu of taxes | — | — | — | — | — | — | — | — |
| Share repurchases | — | (20) | — | — | — | (20) | — | (20) |
| Dividends | — | — | (22) | — | — | (22) | — | (22) |
| Other | — | — | — | — | — | — | — | — |
| Balance at June 30, 2025 | $— | $(259) | $5,101 | $(1,758) | $34 | $3,118 | $3 | $3,121 |
| (in millions) | CommonStock | Treasury Stock | Additional Paid-in Capital | Accumulated Deficit | AccumulatedOtherComprehensiveIncome | Total Alight, Inc. Equity | Noncontrolling Interest | Total Stockholders' Equity |
| Balance at March 31, 2024 | $— | $(52) | $5,113 | $(617) | $75 | $4,519 | $9 | $4,528 |
| Net loss | — | — | — | 23 | — | 23 | — | 23 |
| Other comprehensive income (loss), net | — | — | — | — | (10) | (10) | — | (10) |
| Common Stock issued under ESPP | — | — | 6 | — | — | 6 | — | 6 |
| Conversion of non-controlling interest | — | — | (1) | — | — | (1) | (5) | (6) |
| Share-based compensation expense | — | — | 18 | — | — | 18 | — | 18 |
| Shares vested, net of shares withheld in lieu of taxes | — | — | (1) | — | — | (1) | — | (1) |
| Share repurchases | — | (80) | — | — | — | (80) | — | (80) |
| Other | — | — | (1) | — | — | (1) | — | (1) |
| Balance at June 30, 2024 | $— | $(132) | $5,134 | $(594) | $65 | $4,473 | $4 | $4,477 |
| (in millions) · CommonStock · Treasury Stock · Additional Paid-in Capital · Accumulated Deficit · AccumulatedOtherComprehensiveLoss · Total Alight, Inc. Equity · Noncontrolling Interest · Total Stockholders' Equity | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at December 31, 2024 | $— | $(219) | $5,141 | $(660) | $47 | $4,309 | $4 | $4,313 | ||||||||
| Net income | — | — | — | (1,098) | — | (1,098) | (1) | (1,099) | ||||||||
| Other comprehensive income, net | — | — | — | — | (13) | (13) | — | (13) | ||||||||
| Common stock issued under ESPP | — | — | 4 | — | — | 4 | — | 4 | ||||||||
| Conversion of noncontrolling interest | — | — | — | — | — | — | — | — | ||||||||
| Share-based compensation expense | — | — | 11 | — | — | 11 | — | 11 | ||||||||
| Shares withheld in lieu of taxes | — | — | (11) | — | — | (11) | — | (11) | ||||||||
| Share repurchases | — | (40) | — | — | — | (40) | — | (40) | ||||||||
| Dividends | — | — | (43) | — | — | (43) | — | (43) | ||||||||
| Other | — | — | (1) | — | — | (1) | — | (1) | ||||||||
| Balance at June 30, 2025 | $— | $(259) | $5,101 | $(1,758) | $34 | $3,118 | $3 | $3,121 | ||||||||
| (in millions) | CommonStock | Treasury Stock | Additional Paid-in Capital | Accumulated Deficit | AccumulatedOtherComprehensiveLoss | Total Alight, Inc. Equity | Noncontrolling Interest | Total Stockholders' Equity | ||||||||
| Balance at December 31, 2023 | $— | $(52) | $4,946 | $(503) | $71 | $4,462 | $280 | $4,742 | ||||||||
| Net income | — | — | — | (91) | — | (91) | (2) | (93) | ||||||||
| Other comprehensive income (loss), net | — | — | — | — | (6) | (6) | (4) | (10) | ||||||||
| Common Stock issued under ESPP | — | — | 6 | — | — | 6 | — | 6 | ||||||||
| Conversion of non-controlling interest | — | — | 198 | — | — | 198 | (269) | (71) | ||||||||
| Share-based compensation expense | — | — | 46 | — | — | 46 | — | 46 | ||||||||
| Shares withheld in lieu of taxes | — | — | (58) | — | — | (58) | — | (58) | ||||||||
| Share repurchases | — | (80) | — | — | — | (80) | — | (80) | ||||||||
| Other | — | — | (4) | (4) | (1) | (5) | ||||||||||
| Balance at June 30, 2024 | $— | $(132) | $5,134 | $(594) | $65 | $4,473 | $4 | $4,477 | ||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.