Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 152

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 152
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 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 months ended June 30, 2025 as compared to $1,097 million for the prior year period. The overall decrease of $21 million was primarily driven by decreases in project revenue and Net Commercial Activity.

Gross Profit to Adjusted Gross Profit Reconciliation for the Three and Six Months Ended June 30, 2025 Compared to the Three and Six Months Ended June 30, 2024

Adjusted gross profit is defined as revenue less cost of services adjusted for depreciation, amortization and share-based compensation. Adjusted gross profit margin percent is defined as adjusted gross profit divided by revenue. Management uses adjusted gross profit and adjusted gross profit margin percent as key measures in making financial, operating and planning decisions and in evaluating our performance. We believe that presenting adjusted gross profit and adjusted gross profit margin percent is useful to investors as it eliminates the impact of certain non-cash expenses and allows a direct comparison