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Alight, Inc. / Delaware (ALIT) stock

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NYSE: ALIT NYSE Data Processing & Outsourced Services Next results ~November 3, 2026

C Fundamentals grade

Alight, Inc. / Delaware is a US-listed company in the data processing & outsourced services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($61.06) was left out of our combined valuation (it is 6.55x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($61.06) was left out of our combined valuation (it is 6.55x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.

Alight, Inc. / Delaware valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders6 buying, 0 selling9 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds19 adding, 0 cuttingOf 2 active managers that changed their stake, 2 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Alight files

Where Alight stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.23bn, down 3.5% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 11.2% from 6.1% a year earlier. Operating margin narrowed to -95.7% from -44.0%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 7 financial-health checks.

Our model value for Alight is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Alight, Inc. / Delaware's trailing-twelve-month revenue fell 3.5% year on year, with a free-cash-flow margin of 11.2%. Where it stands out: free-cash-flow margin of 11.2% ranks 3 of 11 data processing & outsourced services companies we cover. Where it lags: revenue growth of -3.5% ranks 10 of 11 data processing & outsourced services companies we cover.

Our discounted-cash-flow model values the business at ~$61 per share in the base case (~$28–$100 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 75.4% while net income fell 74.2%: a 150pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Alight, Inc. / Delaware's latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 3.5% over the last 12 months.
  • Loss-making. Operating margin is -95.7%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 51.7 points on a year ago.
  • Volatile shares. Over the past year the shares showed annualised volatility of 99% and a beta of 0.9 against the S&P 500.
  • Gross margin slipping. Gross margin is down 2.2 points on a year ago.

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$0.91 against an average estimate of $0.76: beat by 20.0%
Revenue
$511m, down 3.2% on a year earlier
Share reaction
-26.5% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
revenues $469m to $479m (Third Quarter); adjusted EBITDA $55m to $61m (Third Quarter)
Next report
November 3, 2026; average EPS estimate $0.12

Alight's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+10.6%
  • 1 week+14.5%
  • 1 month+11.6%
  • This year-74.7%
  • 1 year-82.5%
  • 5 years-95.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.2B
Operating margin
-95.7%
Net margin
-90.9%
EPS (TTM, diluted)
$-76.39

Growth

Revenue growth
−3.5%
Change in growth rate
−0.3 pts
Share count change
+0.0%

Cash

Free cash flow (TTM)
$249M
FCF margin
11.2%
Stock pay % of revenue
0.9%

Earnings

Last results
August 4, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Announcement
  4. Announcement
  5. Deal
  6. Partnership
  7. Leadership
  8. Partnership
  9. Product
  10. Product
  11. Results
  12. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Alight, Inc. / Delaware valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($61.06) was left out of our combined valuation (it is 6.55x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Alight, Inc. / Delaware's free cash flow after stock-based pay ( $229M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Alight, Inc. / Delaware as an operating company, with every model that fits that kind of business. Cost of equity 10.1%: the 10-year Treasury yield (4.9%) plus a beta of 1.15 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$61 ~$28–$100 Left out: out of range vs price (6.18x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$20 ~$14–$83 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Alight, Inc. / Delaware with Data Processing & Outsourced Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2022202320242025
Share price$159.67$162.92$132.83$39.00
Market value$73.2bn$79.7bn$71.8bn$20.6bn
+ Net debt (− = net cash)$2.6bn$2.5bn$1.7bn$1.7bn
Enterprise value$75.8bn$82.2bn$73.5bn$22.3bn
Multiples
Price / sales 33.2x33.4x30.8x9.1x
Price / earnings ————
Price / free cash flow n/mn/mn/m82.3x
EV / EBITDA n/mn/mn/m—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

31 /100

Weak moat

How hard Alight's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -2.5% of total assets over 6 years.

  • Pricing power 12 / 20

    Gross margin has been a median 32.5%, moving by 0.8 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Operating margin has been a median -5.9%; its worst year was -95.7%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 5 of 5 years, at a median 10.4% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (46 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $474m and EPS of $0.12 (range −$0.26 to $0.60) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.77 −52% $2.1bn −8%
Next $5.22 +10% $2.0bn −5%

Next year's EPS estimate has moved −11.1% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −15.1% on 90 days ago. In the last 30 days, 1 analyst raised Alight, Inc. / Delaware's forecast and 0 cut it.

Consensus EPS forecast Alight, Inc. / Delaware, last 90 days
$4.50 $5.00 $5.50 $6.00 $6.50 $7.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.62 Current fiscal year, 60 days ago: $5.62 Current fiscal year, 30 days ago: $4.73 Current fiscal year, 7 days ago: $4.73 Current fiscal year, Now: $4.77 $4.77 Next fiscal year, 90 days ago: $5.87 Next fiscal year, 60 days ago: $6.50 Next fiscal year, 30 days ago: $5.27 Next fiscal year, 7 days ago: $5.27 Next fiscal year, Now: $5.22 $5.22

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.62$5.87
60 days ago $5.62$6.50
30 days ago $4.73$5.27
7 days ago $4.73$5.27
Now $4.77$5.22

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.76 $0.91 +20.0%
Mar 2026 $0.88 $1.20 +35.9%
Dec 2025 $4.68 $3.60 −23.0%
Sept 2025 $2.59 $2.40 −7.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • Revenues Full Year $2,078m to $2,098m
    “Revenues in the range of $2,078 million to $2,098 million” source
  • Revenues Third Quarter $469m to $479m
    “Revenues in the range of $469 million to $479 million” source
  • Adjusted EBITDA Full Year $400m to $415m Non-GAAP
    “Adjusted EBITDA in the range of $400 million to $415 million” source
  • Adjusted EBITDA Third Quarter $55m to $61m Non-GAAP
    “Adjusted EBITDA in the range of $55 million to $61 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Alight, Inc. / Delaware's revenue by -5.7% next year and +0.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-8.8%, weight 51%) , management guidance (-8.8%, weight 21%) and the company's own record (+2.0%, weight 28%) . How the weights are set.

Analyst recommendations

5 analysts, Nov 2026
Buy120%
Hold360%
Sell120%

Monthly trend

  1. Nov 20261315
  2. Oct 20261315
  3. Sep 20262316

Counts of recommendations published by analysts covering Alight, Inc. / Delaware, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.7%
of tradable shares
Days to cover
2.49
at average volume
Short interest, 1 month
+19%
to October 15, 2026
Held by institutions
77%
of shares
Held by insiders
5.9%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −82.5%

$56.60 on October 31, 2025 to $9.88

ThenNowEffect
Revenue (last 12 months) $2.3bn $2.2bn −3.5%
P/S multiple 0.7x 0.1x −82.1%
Share count 27m 26m +1.3%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −92.8%

$137.71 on November 3, 2023 to $9.88

ThenNowEffect
Revenue (last 12 months) $1.9bn $2.2bn +16.6%
P/S multiple 1.6x 0.1x −92.8%
Share count 23m 26m −14.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ALIT−3%−23%+2%−19%−71%−75%
Industry peers (median)+10%−25%−4%−8%−15%−22%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ALIT50%42%58%42%17%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ALIT−34%−39%−36%−37%−72%−80%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since July 17, 2020: 97% from September 10, 2021 to October 19, 2026. Getting back needed a 3026% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$7.95 – $54.05
From 52-week high
−81.7%
vs 50-day average
−10.5%
vs 200-day average
−37.9%
Volatility (1 year)
99%
Beta vs S&P 500
0.94

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±14.1%
After a week
5 up, 7 down
typical move ±13.1%
After a month
4 up, 8 down
typical move ±16.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −26.5% +1.6% −31.2% −27.9%
May 5, 2026 +15.6% +2.2% −10.4% −8.5%
February 19, 2026 −42.4% +0.5% −31.9% −47.9%
November 5, 2025 −11.5% −0.7% −14.4% −23.1%
August 5, 2025 −15.4% +0.3% −25.3% −24.8%
May 8, 2025 +6.5% +0.6% +9.9% +4.4%
February 20, 2025 +2.1% −2.1% +1.3% −8.7%
November 12, 2024 +12.9% −0.3% +4.3% −2.9%
August 6, 2024 −1.6% +0.2% +0.4% +4.2%
May 8, 2024 −17.2% +0.6% −17.7% −19.3%
February 21, 2024 −6.9% +2.2% −4.1% +7.7%
November 1, 2023 +10.7% +3.0% +6.2% +19.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Alight, Inc. / Delaware in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Alight, Inc. / Delaware
$1.6B $1.8B $2B $2.2B $2.4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.7B Revenue (TTM), FY23 Q4: $2.4B Revenue (TTM), FY24 Q1: $2.4B Revenue (TTM), FY24 Q2: $2.3B Revenue (TTM), FY24 Q3: $2.3B Revenue (TTM), FY24 Q4: $2.3B Revenue (TTM), FY25 Q1: $2.3B Revenue (TTM), FY25 Q2: $2.3B Revenue (TTM), FY25 Q3: $2.3B Revenue (TTM), FY25 Q4: $2.3B Revenue (TTM), FY26 Q1: $2.2B Revenue (TTM), FY26 Q2: $2.2B $2.2B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.7B
FY23 Q4 $2.4B
FY24 Q1 $2.4B
FY24 Q2 $2.3B
FY24 Q3 $2.3B
FY24 Q4 $2.3B
FY25 Q1 $2.3B
FY25 Q2 $2.3B
FY25 Q3 $2.3B
FY25 Q4 $2.3B
FY26 Q1 $2.2B
FY26 Q2 $2.2B
Revenue growth, TTM YoY Alight, Inc. / Delaware
-60% -40% -20% 0% 20% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -43.6% Revenue growth, TTM YoY, FY23 Q4: 8.1% Revenue growth, TTM YoY, FY24 Q1: 14.1% Revenue growth, TTM YoY, FY24 Q2: 22.0% Revenue growth, TTM YoY, FY24 Q3: 35.6% Revenue growth, TTM YoY, FY24 Q4: -2.3% Revenue growth, TTM YoY, FY25 Q1: -1.6% Revenue growth, TTM YoY, FY25 Q2: -1.1% Revenue growth, TTM YoY, FY25 Q3: -1.9% Revenue growth, TTM YoY, FY25 Q4: -3.0% Revenue growth, TTM YoY, FY26 Q1: -3.1% Revenue growth, TTM YoY, FY26 Q2: -3.5% -3.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -43.6%
FY23 Q4 8.1%
FY24 Q1 14.1%
FY24 Q2 22.0%
FY24 Q3 35.6%
FY24 Q4 -2.3%
FY25 Q1 -1.6%
FY25 Q2 -1.1%
FY25 Q3 -1.9%
FY25 Q4 -3.0%
FY26 Q1 -3.1%
FY26 Q2 -3.5%
Operating margin (TTM) Alight, Inc. / Delaware
-150% -100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -8.1% Operating margin (TTM), FY23 Q4: -3.4% Operating margin (TTM), FY24 Q1: -3.4% Operating margin (TTM), FY24 Q2: -4.2% Operating margin (TTM), FY24 Q3: -4.0% Operating margin (TTM), FY24 Q4: -3.9% Operating margin (TTM), FY25 Q1: -2.5% Operating margin (TTM), FY25 Q2: -44.0% Operating margin (TTM), FY25 Q3: -100.3% Operating margin (TTM), FY25 Q4: -136.6% Operating margin (TTM), FY26 Q1: -138.1% Operating margin (TTM), FY26 Q2: -95.7% -95.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -8.1%
FY23 Q4 -3.4%
FY24 Q1 -3.4%
FY24 Q2 -4.2%
FY24 Q3 -4.0%
FY24 Q4 -3.9%
FY25 Q1 -2.5%
FY25 Q2 -44.0%
FY25 Q3 -100.3%
FY25 Q4 -136.6%
FY26 Q1 -138.1%
FY26 Q2 -95.7%
FCF margin (TTM) Alight, Inc. / Delaware
4% 6% 8% 10% 12% 14% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 12.0% FCF margin (TTM), FY23 Q4: 10.3% FCF margin (TTM), FY24 Q1: 12.2% FCF margin (TTM), FY24 Q2: 10.8% FCF margin (TTM), FY24 Q3: 6.3% FCF margin (TTM), FY24 Q4: 5.6% FCF margin (TTM), FY25 Q1: 4.6% FCF margin (TTM), FY25 Q2: 6.1% FCF margin (TTM), FY25 Q3: 10.6% FCF margin (TTM), FY25 Q4: 11.1% FCF margin (TTM), FY26 Q1: 11.5% FCF margin (TTM), FY26 Q2: 11.2% 11.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 12.0%
FY23 Q4 10.3%
FY24 Q1 12.2%
FY24 Q2 10.8%
FY24 Q3 6.3%
FY24 Q4 5.6%
FY25 Q1 4.6%
FY25 Q2 6.1%
FY25 Q3 10.6%
FY25 Q4 11.1%
FY26 Q1 11.5%
FY26 Q2 11.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 2,552 2,728 2,207 2,386 2,332 2,262 2,231
Gross profit — — 686 810 794 765 716
EBITDA 333 238 207 220 209 −2,794 −1,840
Operating income 265 147 −94 −81 −90 −3,090 −2,134
Net income — — −62 −345 −157 −3,097 −2,028
Diluted EPS — — −$0.14 −$0.70 −$0.29 −$5.87 —
Growth (year on year)
Revenue — +6.9% −19.1% +8.1% −2.3% −3.0% −3.5%
EBITDA — −28.5% −13.0% +6.3% −5.0% <−999% —
Operating income — −44.5% −163.9% — — — —
Margins
Gross margin — — 31.1% 33.9% 34.0% 33.8% 32.1%
EBITDA margin 13.0% 8.7% 9.4% 9.2% 9.0% −123.5% −82.5%
Operating margin 10.4% 5.4% −4.3% −3.4% −3.9% −136.6% −95.7%
Net margin — — −2.8% −14.5% −6.7% −136.9% −90.9%
Free-cash-flow margin — — 7.0% 10.3% 5.6% 11.1% 11.2%
Cash flow
Cash from operations — — 286 386 252 360 353
Capital spending — — 131 140 121 110 104
Free cash flow — — 155 246 131 250 249
Stock-based pay 9 5 164 139 76 19 19
Free cash flow after stock pay — — −9 107 55 231 230
Balance sheet
Cash — 506 228 324 343 273 215
Total debt — 4,150 2,823 2,794 2,030 2,010 1,999
Net debt (negative = net cash) — 3,644 2,595 2,470 1,687 1,737 1,784
Diluted shares — — 459m 489m 540m 528m —
Returned to shareholders
Dividends — — 0 0 21 86 44
Buybacks — — 12 40 167 65 25
Total returned — — 12 40 188 151 69

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · June 30, 2026
What it owns · $4.3bn
Short-term assets $973mLonger-term assets $3.3bn
What it owes, and who funded it · $4.3bn
Short-term liabilities $683mLonger-term liabilities $2.6bnShareholders' equity $1.0bn
  • Short-term assets cover short-term liabilities $973m of assets due within a year against $683m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $973m short-term assets against $2.6bn of longer-dated liabilities.
  • More cash than debt $215m of cash against $2.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 195% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 68% to 195% over five years.
  • A year's operating cash flow covers at least 20% of debt $353m of operating cash flow against $2.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of −$2.1bn against $96m of interest.

From Alight, Inc. / Delaware's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$25M
Dividends (TTM)
$44M
Returned to shareholders
28%
of free cash flow
Buybacks, last 3 fiscal years
$272M
Diluted share count
+0.0%
year over year
Total shareholder yield
26.5%
dividends 16.9% + buybacks 9.6% of market value
Sales & admin spending
18.6%
of revenue
Days sales outstanding
56 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in data processing & outsourced services
Last 12 months unless stated ALIT TTEC TASK CTEV MMS ACVA Median
Revenue, last 12 months $2.2bn $2.0bn $1.2bn $995m $5.2bn $801m $1.2bn
Revenue growth, last 12 months −3.5% −4.8% 11.4% 6.3% −3.3% 13.3% 6.3%
Revenue growth, 3-year average 5.2% −6.3% 9.3% 1.0% 2.9% 21.5% 7.2%
Revenue growth, latest quarter −3.2% −11.3% 5.0% 6.6% −5.1% 10.4% 5.0%
Gross margin 32.1% — — — 25.6% — 33.1%
Operating margin −95.7% −6.4% 11.7% 3.3% 11.0% −7.1% −1.6%
Operating margin, 3-year average −47.9% −3.3% 10.9% −44.0% 9.9% −10.9% −3.0%
Net margin −90.9% −10.2% 8.8% −28.5% 7.1% −7.9% −7.9%
Cash from operations / revenue 15.8% 4.2% 14.1% 13.4% 8.9% 4.9% 10.9%
Free-cash-flow margin 11.2% 2.0% 9.8% −1.8% 8.3% 3.6% 8.3%
Free-cash-flow margin, 3-year average 9.4% 0.1% 9.0% −0.5% 4.3% 5.7% 5.7%
Stock pay / revenue 0.9% 0.6% 1.9% 2.9% 0.7% 7.4% 1.3%
Change in share count 0.0% 1.3% −0.1% 2.5% −6.3% 2.5% −0.0%

Median of all 11 companies we cover in data processing & outsourced services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

11 data processing & outsourced services companies
Measure Company Peer median Rank
Revenue growth Growth -3.5% 6.3% 10 of 11
Change in growth rate Growth -0.3pp -1.3pp 4 of 11
Gross margin Profitability 32.1% 34.1% 4 of 6
Operating margin Profitability -95.7% 3.3% 9 of 10
Net margin Profitability -90.9% -7.9% 10 of 11
Free-cash-flow margin Cash generation 11.2% 8.3% 3 of 11
Stock pay as % of revenue Cash generation 0.9% 1.9% 3 of 10
Long-term debt as % of assets Balance sheet 46.3% 42.4% 5 of 7
Change in share count Balance sheet 0.0% 0.0% 6 of 10
Days sales outstanding Balance sheet 56 days 71 days 4 of 9

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $2.2B 98.9% ▼ 3.0%
Outside the US $26M 1.1% ▼ 7.1%

From Alight, Inc. / Delaware's 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.2M
Institutions reporting
19
Positions opened / closed
19 / 0

Top buyers and sellers, Q2 2026: 19 institutions bought and 0 sold ; the biggest buyer was Aster Capital Management (Difc) Ltd (+716K shares) . See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Aster Capital Management (Difc) Ltd $400,859 716K 32.1% —
Pacific Ridge Capital Partners, LLC $314,521 562K 25.2% —
Marshall Wace, LLP $199,896 357K 16.0% —
Catalyst Funds Management Pty Ltd $86,240 154K 6.9% —
Price T Rowe Associates Inc $78,000 138K 6.3% —
Public Employees Retirement System Of Ohio $34,802 62K 2.8% —
Eventide Asset Management, LLC $25,822 47K 2.1% —
Oak Thistle LLC $24,550 44K 2.0% —
Eversource Wealth Advisors, LLC $23,374 42K 1.9% —
Essential Partners LLC $13,094 23K 1.0% —
Daymark Wealth Partners, LLC $12,191 22K 1.0% —
Legacy Financial Advisors, Inc. $9,393 17K 0.8% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Alight, Inc. / Delaware's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $651,044 9 trades by 6 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $651,044 net buying
Insider Date Trade Shares Price Value
Lopes Robert A. Jr. Director March 16, 2026 Buy 30,000 $0.82 $24,600
Verma Rohit Chief Executive Officer March 12, 2026 Buy 112,000 $0.89 $99,680
Verma Rohit Chief Executive Officer February 24, 2026 Buy 100,000 $0.77 $77,000
Rajgopal Kausik Director December 15, 2025 Buy 38 $20.53 $780
Rushing Coretha M Director December 2, 2025 Buy 1,018 $2.25 $2,290
Schriesheim Robert A Director November 26, 2025 Buy 42,098 $2.38 $100,193
Massey Richard N Director November 26, 2025 Buy 100,000 $2.33 $233,000
Lopes Robert A. Jr. Director November 26, 2025 Buy 10,000 $2.39 $23,900
Rajgopal Kausik Director November 25, 2025 Buy 40,000 $2.24 $89,600

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 5, 2026
  • February 19, 2026
  • November 5, 2025
  • August 5, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Alight, Inc. / Delaware was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Alight, Inc. / Delaware in brief

What does Alight, Inc. / Delaware do?
Alight, Inc. / Delaware is a US-listed company in the data processing & outsourced services industry. Its financial year ends in December.
What is Alight, Inc. / Delaware's stock ticker?
Alight, Inc. / Delaware trades under the ticker ALIT on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Alight, Inc. / Delaware's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Alight, Inc. / Delaware reported revenue of $2.2B, 3.5% lower than a year earlier, according to its SEC filings.
What is Alight, Inc. / Delaware's free cash flow?
Alight, Inc. / Delaware's free-cash-flow margin is 11.2% of revenue over the trailing twelve months, ranking 3 of the 11 data processing & outsourced services companies we cover.
Who are Alight, Inc. / Delaware's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Aster Capital Management (Difc) Ltd, Pacific Ridge Capital Partners, LLC and Marshall Wace, LLP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Alight, Inc. / Delaware buying back stock, and does it pay a dividend?
Alight, Inc. / Delaware spent $25M on share repurchases over the trailing twelve months, and its diluted share count still rose 0.0% over the year.
What is Alight, Inc. / Delaware's market cap?
On December 31, 2025, Alight, Inc. / Delaware's market capitalisation was about $20.6B and net debt of $1.7B. Market figures come from third-party market data and may be delayed.
Does Alight, Inc. / Delaware pay a dividend?
Yes: Alight, Inc. / Delaware paid $44M in dividends over the trailing twelve months, a dividend yield of 16.90%.
How much debt does Alight, Inc. / Delaware have?
Alight, Inc. / Delaware's debt-to-equity ratio is 194.9%, from its latest balance sheet (68.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Alight, Inc. / Delaware's competitors?
In our Data Processing & Outsourced Services peer group, the companies closest to Alight, Inc. / Delaware are Ttec Holdings, Inc., Taskus, Inc., Claritev Corp, Maximus, Inc. and ACV Auctions Inc. The side-by-side comparison below sets their revenue, margins and growth against Alight, Inc. / Delaware's.
Are insiders buying or selling Alight, Inc. / Delaware stock?
Over the last 12 months, Alight, Inc. / Delaware's directors and officers reported 9 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Alight, Inc. / Delaware's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Alight, Inc. / Delaware announces its own schedule.