UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________ FORM 10-Q _______________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39299 Alight, Inc. (Exact Name ...

Alight, Inc. (ALIT) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.24, delivering a surprise of -4%.Over the last four quarters, the company has n ...

Revenue Performance - Revenue for Q1 2025 was $548 million, a decrease of 2.0% compared to $559 million in Q1 2024[3] - Total revenue for Q1 2025 was $548 million, a decrease of 2% from $559 million in Q1 2024[38] - Recurring revenues accounted for 94.9% of total revenue in Q1 2025[3] - Recurring revenue slightly decreased to $520 million from $521 million year-over-year[38] Profitability - Gross profit was $171 million, representing a gross profit margin of 31.2%, down from $182 million and 32.6% in the prior year[4] - Total gross profit for Q1 2025 was $171 million, down from $182 million in Q1 2024, resulting in a gross margin of 31.2%[38] - Adjusted gross profit decreased to $200 million from $208 million, with an adjusted gross margin of 36.5%[38] - Adjusted EBITDA increased to $118 million, up from $116 million year-over-year[5] - Adjusted EBITDA from continuing operations increased to $118 million in Q1 2025, up from $116 million in Q1 2024, with an adjusted EBITDA margin of 21.5% compared to 20.8%[29][30] - Free cash flow for Q1 2025 was $44 million, down from $61 million in Q1 2024, reflecting a decrease of approximately 27.9%[37] - Free cash flow from continuing operations was $44 million, down from $61 million in Q1 2024[38] Loss and Debt Management - Net loss improved to $17 million compared to a net loss of $121 million in the prior year[5] - Net income from continuing operations improved to a loss of $17 million for Q1 2025, compared to a loss of $121 million in Q1 2024, representing a 85.7% reduction in losses[28] - Total debt as of March 31, 2025, was $2,019 million, with cash and cash equivalents of $223 million[9] Operational Efficiency - Selling, general and administrative expenses decreased by $42 million compared to the prior year, primarily due to lower compensation expenses[6] - The company reported a share-based compensation expense of $6 million in Q1 2025, down from $28 million in Q1 2024, indicating a reduction of approximately 78.6%[28] - The company continues to focus on improving operational efficiency despite the revenue decline[38] Asset and Liability Management - Total assets decreased from $8,193 million as of December 31, 2024, to $7,913 million as of March 31, 2025, a decline of approximately 3.4%[26] - Total current assets decreased from $1,267 million as of December 31, 2024, to $1,062 million as of March 31, 2025, a decline of approximately 16.2%[26] - Total liabilities decreased from $3,880 million as of December 31, 2024, to $3,680 million as of March 31, 2025, a reduction of approximately 5.2%[26] - Cash and cash equivalents decreased from $343 million as of December 31, 2024, to $223 million as of March 31, 2025, a decline of approximately 35%[26] Future Outlook - The company has 92% of projected 2025 revenue under contract, indicating strong revenue visibility[10] - The company reaffirmed its full-year 2025 financial outlook, projecting revenue between $2,318 million and $2,388 million[13] Client Acquisition - New client wins included US Foods, Markel, and Delek, contributing to business growth[5] Project Revenue - BPaaS revenue increased to $126 million, up from $117 million year-over-year[38] - Project revenue decreased to $28 million from $38 million in the same quarter last year[38]

I last wrote about Alight, Inc. (NYSE: ALIT ) suggesting that it was trading expensively with lackluster growth prospects. Since my last article, the stock has declined 26% with full year revenues decreasing 2.3% in 2024. Management has Amateur value investor seeking bargains in any market, with a specific focus on emerging markets. Admires great investors such as Li Lu and Peter Lynch, and am not afraid to go against the grain. Willing to buy any company at the right price, and is looking for low-risk and ...

Financial Risks - The company has a substantial amount of goodwill and purchased intangible assets on its consolidated balance sheet, which may be subject to impairment charges that could materially impact financial statements [116]. - A portion of the company's revenues is derived from government contracts, which are subject to heightened risks, including potential civil and criminal penalties for non-compliance [117]. - Changes in government funding or political developments could result in lower governmental sales and may adversely affect the company's financial condition and operating results [119]. - The company is subject to taxation-related risks in multiple jurisdictions, with significant judgment required in determining global provisions for income taxes [120]. - New tax laws and interpretations globally could increase the company's tax obligations, particularly with proposals for digital services taxes in the European Union [121]. - The OECD's proposed Pillar Two framework could impose a global minimum corporate tax rate of 15%, potentially increasing tax complexity and uncertainty for the company [122]. Market Performance - The market price of the company's Class A Common Stock has fluctuated significantly, with a trading range from $6.52 to $10.32 during the year ended December 31, 2024 [130]. - The company's decision to maintain or discontinue cash dividends could cause the market price of its Class A Common Stock to decline significantly [132]. - The existence of anti-takeover measures could limit the price that investors might be willing to pay for the company's shares and deter potential acquirers [128]. Debt and Liquidity - As of December 31, 2024, the Company had approximately $2.0 billion of outstanding debt at variable interest rates, exposing it to interest rate risk [142]. - Payments under the Tax Receivable Agreement (TRA) may significantly exceed actual tax benefits realized, potentially impacting liquidity [140]. - The Company expects substantial payments under the TRA in the event of a change of control, which may impair the ability to consummate such transactions [141]. - Alight Holdings is obligated to make tax distributions to unit holders, which may lead to excess cash accumulation at the Company [136]. - A hypothetical increase of 25 basis points in term loans, net of hedging activity, would result in a change to annual interest expense of approximately $1 million in fiscal year 2024 [263]. - The Company utilizes interest rate swap agreements to fix portions of floating interest rates through December 2026 [263]. - Credit rating changes could adversely impact operations and profitability, affecting access to debt markets [143]. - The Company is subject to restrictions on distributions based on financial performance and applicable laws [135]. - The Company has no obligation to distribute accumulated cash, which may benefit Continuing Tempo Unitholders [136]. Corporate Structure - The Company is a holding entity with no material assets other than its interests in Alight Holdings, relying on distributions from Alight Holdings for dividends and expenses [134].

Alight, Inc. (NYSE:ALIT) Q4 2024 Results Conference Call February 20, 2025 8:30 AM ET Company Participants Jeremy Cohen - Head, Investor Relations Dave Guilmette - Chief Executive Officer Jeremy Heaton - Chief Financial Officer Conference Call Participants Kyle Peterson - Needham & Company Kevin McVeigh - UBS Scott Schoenhaus - KeyBanc Capital Markets Tien-Tsin Huang - JPMorgan Peter Heckmann - D.A. Davidson Pete Christiansen - Citi Joseph Vafi - Canaccord Genuity Operator Good morning, and thank you for ho ...

Alight, Inc. (ALIT) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4%. A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.09, delivering a surprise of -18.18%.Over the last four quarters, the company has s ...

Exhibit 99.1 Alight Reports Fourth Quarter and Full Year 2024 Results – Fourth quarter revenue of $680 million – – Introduces 2025 outlook with improved revenue growth rate, profit margins and cash flow – CHICAGO, IL – February 20, 2025 – Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology-enabled services provider, today reported results for the fourth quarter and full year ended December 31, 2024. "Alight concluded a transformative year on a strong note, with fourth quarter resul ...

Alight, Inc. (ALIT) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earning ...

Alight, Inc. (ALIT) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investors ...