Company: ALIT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049916
Chunk: 95

Company: Alight, Inc. / Delaware
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 95
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211 210 EBITDA From Continuing Operations(1,126)63 (1,977)173 Share-based compensation3 11 14 59 Transaction and integration expenses (2)4 21 12 57 Restructuring4 12 44 45 (Gain) Loss from change in fair value of financial instruments(19)(23)1 (54)(Gain) Loss from change in fair value of tax receivable agreement(66)27 (34)51 Goodwill impairment and other (3)1,338 7 2,323 8 Adjusted EBITDA From Continuing Operations (1)$138 $118 $383 $339 Revenue$533 $555 $1,609 $1,652 Adjusted EBITDA Margin From Continuing Operations (4)25.9%21.3%23.8%20.5%

(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 $1,338 million and $2,321 million non-cash goodwill impairment charges for the three and nine months ended September 30, 2025, respectively.  

(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 and Nine Months Ended September 30, 2025 Compared to the Three and Nine Months Ended September 30, 2024

Revenue Disaggregation

Three Months Ended September 30,Nine Months Ended September 30,($ in millions)2025202420252024Employer Solutions RevenueRecurring$489 $504 $1,501 $1,518 Project44 51 108 134 Total Employer Solutions Revenue$533 $555 $1,609 $1,652 

Employer Solutions revenue was $533 million for the three months ended September 30, 2025 as compared to $555 million for the prior year period. The overall decrease of $22 million was primarily driven by decreases in project revenue and Net Commercial Activity.

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Employer Solutions revenue was $1,609 million for the nine months ended September 30, 2025 as compared to $1,652 million for the prior year period. The overall decrease of $43 million was primarily driven