Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 35

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 35
---
 and outstanding as of June 30, 2025 and December 31, 2024, respectively— — Treasury stock, at cost (36.0 and 28.8 shares at June 30, 2025 and December 31, 2024, respectively)(259)(219)Additional paid-in-capital5,101 5,141 Accumulated deficit(1,758)(660)Accumulated other comprehensive income34 47 Total Alight, Inc. Stockholders' Equity$3,118 $4,309 Noncontrolling interest3 4 Total Stockholders' Equity$3,121 $4,313 Total Liabilities and Stockholders' Equity$6,777 $8,193 

The accompanying Notes are an integral part of these Condensed Consolidated Financial Statements.

2

Alight, Inc.

Condensed Consolidated Statements of Comprehensive Income (Loss)

(Unaudited) 

Three Months Ended June 30,Six Months Ended June 30,(in millions, except per share amounts)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,