Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 128

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 128
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$493 $1,012 $1,014 Project36 45 64 83 Total Revenue$528 $538 $1,076 $1,097 Less (1)Cost of sales - Technology (2)$76 $82 $152 $164 Cost of sales - Delivery, Customer Care and Other (3)247 260 519 529 Stock Based Compensation2 3 5 8 Depreciation and Amortization27 26 53 47 Total Gross Profit$176 $167 $347 $349 Selling, General, and Administrative (4)91 111 188 219 Restructuring36 18 40 33 Stock Based Compensation3 17 6 40 Depreciation and Intangible Amortization73 73 148 149 Goodwill impairment983 — 983 — Interest expense22 33 44 64 Other segment items (5)41 (81)28 (31)Net Income (Loss) From Continuing Operations$(1,073)$(4)$(1,090)$(125)(1) - The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.(2) - Cost of sales - Technology is primarily attributable to cost related to application development and client-related infrastructure.(3) - Cost of sales - Delivery, Customer Care and Other is primarily attributable to costs related personnel and vendors providing services to support our client base and client participants. (4) - Selling, General, and Administrative expenses excludes restructuring, stock based compensation and depreciation and intangible amortization and primarily include compensation-related costs for administrative and management employees, system and facilities expense, and costs for external professional and consulting services. (5) - Other segment items - includes gain/loss from change in fair value of financial instruments, gain/loss from change in fair value of tax receivable agreement, other (income) expense, net and income taxes. There was no single client who accounted for more than 10% of the Company’s revenues in any of the periods presented.

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13. Derivative Financial InstrumentsThe Company is exposed to market risks, including changes in interest rates. To manage the risk related to these exposures, the Company has entered into various derivative instruments that reduce these risks by creating offsetting exposures.Interest Rate SwapsThe Company has utilized swap agreements that will fix the floating interest rates associated with its