Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 92

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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DA From Continuing Operations(954)130 (851)110 Share-based compensation5 20 11 48 Transaction and integration expenses (2)5 19 8 36 Restructuring36 18 40 33 (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 Goodwill impairment and other (3)984 1 985 1 Adjusted EBITDA From Continuing Operations$127 $105 $245 $221 Revenue$528 $538 $1,076 $1,097 Adjusted EBITDA Margin From Continuing Operations (4)24.1%19.5%22.8%20.1%

(1)Adjusted EBITDA excludes the impact of discontinued operations.

(2)Transaction and integration expenses primarily relate to acquisition and divestiture activities.

(3)Goodwill impairment and other primarily includes a $983 million non-cash goodwill impairment charge for each of the three and six months ended June 30, 2025 related to the Company's Health Solutions reporting unit.

(4)Adjusted EBITDA Margin From Continuing Operations is defined as Adjusted EBITDA From Continuing Operations as a percentage of revenue.

Employer Solutions Results of Operations for the Three Months Ended June 30, 2025 Compared to the Three Months Ended June 30, 2024

Revenue Disaggregation

Three Months Ended June 30,($ in millions)20252024Employer Solutions RevenueRecurring$492 $493 Project36 45 Total Employer Solutions Revenue$528 $538 

Employer Solutions revenue was $528 million for the three months ended June 30, 2025 as compared to $538 million for the prior year period. The overall decrease of $10 million was primarily driven by decreases in project revenue and Net Commercial Activity.

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Employer Solutions Results of Operations for the Six Months Ended June 30, 2025 Compared to the Six Months Ended June 30, 2024

Revenue Disaggregation

Six Months Ended June 30,($ in millions)20252024Employer Solutions RevenueRecurring$1,012 $1,014 Project64 83 Total Employer Solutions Revenue$1,076 $1,097 

Employer Solutions revenue was $1,076 million for the six