Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 68

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 68
---
M”) uses financial information for the purposes of allocating resources and evaluating performance. The Company’s Chief Executive Officer is its CODM. The CODM evaluates the performance of the Company based on Revenue and Net Income (Loss) From Continuing Operations. The CODM also uses Revenue and Net Income (Loss) From Continuing Operations to manage and evaluate our business, make planning decisions, and as performance measures for Company-wide incentive compensation plans. These key financial measures provide an additional view of our operational performance over the 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 June 30,Six Months Ended June 30,2025202420252024RevenueRecurring$492 $493 $1,012 $1,014 Project36 45 64 83 Total Revenue$528 $538 $1,076 $1,097 Less (1)Cost of sales - Technology (2)$76 $82 $152 $164 Cost of sales - Delivery, Customer Care and Other (3)247 260 519 529 Stock Based Compensation2 3 5 8 Depreciation and Amortization27 26 53 47 Total Gross Profit$176 $167 $347 $349 Selling, General, and Administrative (4)91 111 188 219 Restructuring36 18 40 33 Stock Based Compensation3 17 6 40 Depreciation and Intangible Amortization73 73 148 149 Goodwill impairment983 — 983 — Interest expense22 33 44 64 Other segment items (5)41 (81)28 (31)Net Income (Loss) From Continuing Operations$(1,073)$(4)$(1,090)$(125)(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,