Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 81

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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%. The Company incurred higher operating expenses in 2024 as a result of professional fees paid in conjunction with the Transaction. 

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EXECUTIVE SUMMARY OF FINANCIAL RESULTS

The following table sets forth our historical results of operations for the periods indicated below:

Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Revenue$528 $538 $1,076 $1,097 Cost of services, exclusive of depreciation and amortization325 345 676 701 Depreciation and amortization27 26 53 47 Gross Profit176 167 347 349 Operating ExpensesSelling, general and administrative130 146 234 292 Depreciation and intangible amortization73 73 148 149 Goodwill impairment983 — 983 — Total Operating expenses1,186 219 1,365 441 Operating Income (Loss) From Continuing Operations(1,010)(52)(1,018)(92)Other (Income) Expense(Gain) Loss from change in fair value of financial instruments28 (52)20 (31)(Gain) Loss from change in fair value of tax receivable agreement23 (31)32 24 Interest expense22 33 44 64 Other (income) expense, net(7)— (18)1 Total Other (income) expense, net66 (50)78 58 Income (Loss) From Continuing Operations Before Taxes(1,076)(2)(1,096)(150)Income tax expense (benefit)(3)2 (6)(25)Net Income (Loss) From Continuing Operations(1,073)(4)(1,090)(125)Net Income (Loss) From Discontinued Operations, Net of Tax(1)27 (9)32 Net Income (Loss)(1,074)23 (1,099)(93)Net income (loss) attributable to noncontrolling interests(1)— (1)(2)Net Income (Loss) Attributable to Alight, Inc.$(1,073)$23 $(1,098)$(91)

REVIEW OF RESULTS

Key Components of Our Continuing Operations

Revenue

Our clients’ demand for our services ultimately drives our revenues. We generate primarily all of our revenue, which is highly recurring, from fees for services provided from contracts across all solutions, which is primarily based on a