Alight(US:ALIT)2025-11-05 13:30Financial Performance - Q3 2025 - Recurring Revenue was $489 million, a decrease of 3.0% compared to $504 million in Q3 2024[22] - Project Revenue was $44 million, a decrease of 13.7% compared to $23 million in Q3 2024[22] - Total Revenue was $233 million, a decrease of 4.0% compared to $222 million in Q3 2024[22] - Adjusted Gross Profit was $206 million, an increase of 3.0% compared to $200 million in Q3 2024, with a margin of 38.6%, a 260 bps increase[22] - Adjusted EBITDA was $138 million, an increase of 16.9% compared to $118 million in Q3 2024, with a margin of 25.9%, a 460 bps increase[22] Full Year 2025 Business Outlook - Revenue is projected to be between $2,252 million and $2,282 million, a decrease of 4% to 3%[25] - Adjusted EBITDA is projected to be between $595 million and $620 million, an increase of 0% to 4%[25] - Adjusted EPS is projected to be between $0.54 and $0.58, a decrease of 5% to an increase of 2%[25] - Free Cash Flow is projected to be between $225 million and $250 million, an increase of 2% to 13%[25] - Revenue under contract for Full Year 2026 is $1.8 billion (↑$110M)[25] - Revenue under contract for Full Year 2027 is $1.3 billion (↑$20M)[25] Capital Structure - Total Debt as of 9/30/2025 was $2,010 million, compared to $2,025 million as of 12/31/2024[27] - Cash was $205 million as of 9/30/2025, compared to $343 million as of 12/31/2024[27] - Net Debt was $1,805 million as of 9/30/2025, compared to $1.682 billion as of 12/31/2024[27] - Net leverage ratio was 3.0x at 9/30/2025[30]