Alight (ALIT) financial statements
Alight reported revenue of $2.3B in fiscal 2025, down 2.0% a year over 6 years.
Net income was -$3.1B and the operating margin -136.6%, against 10.4% in 2019.
Free cash flow was $250M, and the company returned $86M in dividends and $65M in net buybacks.
The diluted share count rose 2299% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Alight's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $2.6B | $2.7B | — | $2.2B | $2.4B | $2.3B | $2.3B |
| Cost of revenue | — | — | — | $1.5B | $1.5B | $1.4B | $1.4B |
| Gross profit | — | — | — | $686M | $810M | $794M | $765M |
| Selling, general and admin | — | — | — | $479M | $590M | $585M | $435M |
| Operating income | $265M | $147M | — | -$94M | -$81M | -$90M | -$3.1B |
| Interest expense | $224M | $234M | — | $122M | $131M | $103M | $92M |
| Pre-tax income | $38M | -$94M | — | -$124M | -$337M | -$148M | -$3.1B |
| Income tax | $16M | $9M | — | $16M | -$20M | -$8M | $16M |
| Net income | — | — | -$35M | -$62M | -$345M | -$157M | -$3.1B |
| EPS (diluted) | — | — | -$1.60 | -$2.80 | -$0.70 | -$0.29 | -$5.87 |
| Diluted shares | — | — | 22M | 23M | 489M | 540M | 528M |
| Gross margin | — | — | — | 31.1% | 33.9% | 34.0% | 33.8% |
| Operating margin | 10.4% | 5.4% | — | -4.3% | -3.4% | -3.9% | -136.6% |
| Net margin | — | — | — | -2.8% | -14.5% | -6.7% | -136.9% |
Balance sheet
Fiscal years, from Alight's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | $496,471 | $372M | $250M | $324M | $343M | $273M |
| Receivables | — | $532M | $515M | $678M | $435M | $471M | $387M |
| Total current assets | — | $2.2B | $2.5B | $2.8B | $2.8B | $1.3B | $1.1B |
| Property, plant and equipment | — | $334M | $236M | $320M | $331M | $396M | $378M |
| Goodwill | — | $2.2B | $3.6B | $3.7B | $3.2B | $3.2B | $83M |
| Total assets | — | $7.0B | $11.0B | $11.2B | $10.8B | $8.2B | $4.6B |
| Total current liabilities | — | $1.8B | $2.1B | $2.3B | $2.2B | $892M | $874M |
| Long-term debt | — | $4.0B | $2.8B | $2.8B | $2.8B | $2.0B | $2.0B |
| Total liabilities | — | $6.3B | $6.1B | $6.1B | $6.0B | $3.9B | $3.5B |
| Shareholders' equity | — | $683M | $4.1B | $4.4B | $4.5B | $4.3B | $1.0B |
| Net debt | — | $4.1B | $2.5B | $2.6B | $2.5B | $1.7B | $1.7B |
Cash flow
Fiscal years, from Alight's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | $286M | $386M | $252M | $360M |
| Capital spending | — | — | — | $131M | $140M | $121M | $110M |
| Free cash flow | — | — | — | $155M | $246M | $131M | $250M |
| Stock-based compensation | $9M | $5M | — | $164M | $139M | $76M | $19M |
| Dividends paid | — | — | — | $0 | $0 | $21M | $86M |
| Share buybacks (net) | — | — | — | -$12M | -$40M | -$167M | -$65M |
| Free cash flow margin | — | — | — | 7.0% | 10.3% | 5.6% | 11.1% |
| Dividends per share | — | — | — | — | — | $0.04 | $0.16 |
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Open ALIT in InvestinglyQuestions
What was Alight's revenue in 2025?
$2.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does Alight generate?
$250M in fiscal 2025 (operating cash flow minus capital spending).
From Alight's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.