Company: ALIT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049916
Chunk: 71

Company: Alight, Inc. / Delaware
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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 long-term and provide useful information that we use in order to maintain and grow our business. The Company does not report assets by reportable segments as this information is not reviewed by the CODM on a regular basis.Information regarding the Company’s reportable segment is as follows (in millions):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024RevenueRecurring$489 $504 $1,501 $1,518 Project44 51 108 134 Total Revenue$533 $555 $1,609 $1,652 Less (1)Cost of sales - Technology (2)$76 $75 $228 $239 Cost of sales - Delivery, Customer Care and Other (3)251 280 770 809 Stock Based Compensation— 3 5 11 Depreciation and Amortization28 23 81 70 Total Gross Profit$178 $174 $525 $523 Selling, General, and Administrative (4)80 122 268 341 Restructuring4 12 44 45 Stock Based Compensation3 8 9 48 Depreciation and Intangible Amortization75 74 223 223 Goodwill impairment1,338 — 2,321 — Interest expense24 19 68 83 Other segment items (5)(291)(17)(263)(48)Net Income (Loss) From Continuing Operations$(1,055)$(44)$(2,145)$(169)(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 exclude 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 - include 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