ALIT Alight, Inc. / Delaware

Overview and Growth

In fiscal 2025, Alight, Inc. / Delaware recorded $2.26B of revenue, net loss of $3.10B, and an operating cash inflow of $360.00M. The $2.26B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $2.33B in fiscal 2024, revenue decreased 3.0%, a top-line contraction that reduced operating scale. Diluted earnings per share were -$5.87, translating the period’s attributable earnings into the amount reported for each diluted share. Asset turnover was 0.5x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $765.00M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross margin was 33.8%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $3.09B after the reported operating expense base. Relative to revenue, the operating deficit measured 136.6%, showing the shortfall after operating costs. After all below-operating-line items, the company recorded a net loss of $3.10B for the fiscal year. The net loss equaled 136.9% of revenue, showing the bottom-line deficit relative to the company’s sales base. Before income taxes, the company recorded a loss of $3.06B, bridging the operating result to the final net loss. Pretax margin was -135.4%, reflecting a pre-tax loss equal to 135.4% of revenue. The company recognized $16.00M of income tax for the period, completing the transition from pretax income to net income. The net loss equaled 296.1% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 67.8%.

Liquidity and Capital Structure

The company held $4.57B of assets against $3.52B of liabilities and $1.05B of equity, revealing how the asset base was financed. Current assets were $1.14B against $874.00M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 1.31x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $273.00M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 31.2% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $2.00B, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 1.92x, placing the company’s financial leverage in clear balance-sheet terms. Debt represented 43.9% of total assets, placing borrowing in the context of the company’s full resource base. The liabilities-to-assets relationship was 77.1%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 6.0% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $8.19B in fiscal 2024, the current asset base moved 44.2% and finished lower. Against $4.31B of equity in fiscal 2024, the current book-equity balance moved 75.7% and ended lower.

Cash Flow and Earnings Quality

Cash flow from operations was $360.00M, a reported cash inflow that can be compared directly with net income and capital spending. The cash-flow statement records $110.00M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 30.6% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $250.00M, leaving cash available for debt reduction, shareholder returns, or further investment. Free cash flow represented 11.1% of revenue, linking post-investment cash generation with the company’s operating scale. The free-cash-flow-to-assets relationship was 5.5%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.