Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 84

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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 and outstanding as of March 31, 2025 and December 31, 2024, respectively— — Treasury stock, at cost (32.0 and 28.8 shares at March 31, 2025 and December 31, 2024, respectively)(239)(219)Additional paid-in-capital5,114 5,141 Accumulated deficit(685)(660)Accumulated other comprehensive income39 47 Total Alight, Inc. Stockholders' Equity$4,229 $4,309 Noncontrolling interest4 4 Total Stockholders' Equity$4,233 $4,313 Total Liabilities and Stockholders' Equity$7,913 $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 March 31,(in millions, except per share amounts)20252024Revenue$548 $559 Cost of services, exclusive of depreciation and amortization351 356 Depreciation and amortization26 21 Gross Profit171 182 Operating ExpensesSelling, general and administrative104 146 Depreciation and intangible amortization75 76 Total Operating expenses179 222 Operating Income (Loss) From Continuing Operations(8)(40)Other (Income) Expense(Gain) Loss from change in fair value of financial instruments(8)21 (Gain) Loss from change in fair value of tax receivable agreement9 55 Interest expense22 31 Other (income) expense, net(11)1 Total Other (income) expense, net12 108 Income (Loss) From Continuing Operations Before Taxes(20)(148)Income tax expense (benefit)(3)(27)Net Income (Loss) From Continuing Operations(17)(121)Net Income (Loss) From Discontinued Operations (including loss on disposal of $7 million for the three months ended March 31, 2025), Net of Tax(8)5 Net Income (Loss)(25)(116)Net income (loss) attributable to noncontrolling interests— (2)Net Income (Loss) Attributable to Alight, Inc.$(25)$(114)Earnings (Loss) Per ShareBasic and DilutedContinuing operations$(0.03)$(0.22)