Company: ALIT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049916
Chunk: 132

Company: Alight, Inc. / Delaware
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 132
---
 payment awards contain rights to receive forfeitable dividends and therefore are not participating securities.In conjunction with the Business Combination, the Company issued Seller Earnouts contingent consideration, which is payable in the Company’s Common Stock when the related market conditions are achieved. As the related conditions to pay the consideration had not been satisfied as of September 30, 2025, the Seller Earnouts were excluded from the diluted earnings per share calculations. Basic and diluted (net loss) earnings per share are as follows (in millions, except for share and per share amounts):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Basic and diluted (net loss) earnings per share:NumeratorNet Income (Loss) From Continuing Operations$(1,055)$(44)$(2,145)$(169)Less: Net income (loss) attributable to noncontrolling interest1 — 2 2 Net Income (loss) from continuing operations attributable to Alight, Inc.$(1,054)$(44)$(2,143)$(167)Net Income (Loss) From Discontinued Operations, Net of Tax(13)(30)(22)2 Net Income (Loss) Attributable to Alight, Inc. - basic$(1,067)$(74)$(2,165)$(165)Loss impact of conversion of noncontrolling interest— — — (1)Net income (loss) attributable to Alight, Inc. - diluted$(1,067)$(74)$(2,165)$(166)DenominatorWeighted-average shares outstanding - basic526,576,757535,828,896529,206,657545,659,335Dilutive effect of the exchange of noncontrolling interest units———560,433Dilutive effect of RSUs————Weighted-average shares outstanding - diluted526,576,757535,828,896529,206,657546,219,768Basic and Diluted (net loss) earnings per shareContinuing operations$(2.00)$(0.08)$(4.05)$(0.31)Discontinued operations$(0.02)$(0.06)$(0.04)$0.00 Net Income (Loss)$(2.02)$(0.14)$(4.09)$(0.31)For the three and nine months ended September 30, 2025, 510,115 units related to noncontrolling interests, and 8