Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 151

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 151
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anches have a seven-year duration.

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(8)Excludes approximately 5.9 million and 14.1 million performance-based units, which represents the gross number of shares expected to vest based on achievement of the respective performance conditions as of June 30, 2025 and 2024, respectively.

Adjusted EBITDA From Continuing Operations and Adjusted EBITDA Margin From Continuing Operations

Adjusted EBITDA From Continuing Operations is defined as earnings before interest, taxes, depreciation and intangible amortization adjusted for the impact of certain non-cash and other items that we do not consider in the evaluation of ongoing operational performance. Adjusted EBITDA Margin From Continuing Operations is defined as Adjusted EBITDA From Continuing Operations divided by revenue. Adjusted EBITDA and Adjusted EBITDA Margin From Continuing Operations are non-GAAP financial measures used by management and our stakeholders to provide useful supplemental information that enables a better comparison of our performance across periods as well as to evaluate our core operating performance. A reconciliation of Adjusted EBITDA From Continuing Operations to Net Income (Loss) From Continuing Operations is as follows:

Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Net Income (Loss) From Continuing Operations (1)$(1,073)$(4)$(1,090)$(125)Interest expense22 33 44 64 Income tax expense (benefit)(3)2 (6)(25)Depreciation30 30 60 56 Intangible amortization70 69 141 140 EBITDA 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