Alight Inc (ALIT)
🔔 Watch stock
symbol.quality_heading
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
The red rating here does not stand for the fallen share price but for documented substance findings in the filings themselves. Goodwill was written down in four steps during 2025 from $3,212 million to $83 million, equity attributable to shareholders fell from $4,309 million to $1,044 million, and the accumulated deficit rose to $3,776 million at March 31, 2026. Financial debt of $2,000 million maturing in 2028 faces $178 million of cash; the credit market marked that same debt at $1,441 million on March 31, 2026, after $1,922 million a quarter earlier. On top sits a payment promise of $509 million to the legacy owners, of which $136 million flowed out in the first quarter of 2026 alone. That the New York Stock Exchange minimum price was met only through a one-for-twenty reverse split is the consequence, not the cause. This is a balance-sheet finding, not a verdict on price. The decision is yours.
symbol.quality_note
A price-to-free-cash-flow ratio of 1.2 reads like a spreadsheet error: barely a year and a half of free cash flow, and the whole company is yours. That is what puts Alight, the benefits administrator from Deerfield, Illinois, in 21st place in our P/FCF ranking. Next to it on the X-ray sit $1,822 million of net debt, $509 million promised to the legacy owners in tax payments, $3,124 million of goodwill written off in 2025, and a one-for-twenty reverse stock split that kept the company on the New York Stock Exchange at the end of June 2026. We recount the metric line by line against the filings with the U.S. securities regulator, the SEC — and see what survives the two-year fantasy.
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Stock Watch
This analysis is as of July 27, 2026. Stock Watch will tell you what's changed at ALIT since then.
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 17.00 $ — 77% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
Sells AIAlight verkauft die KI-Funktionen als Teil des Leistungsangebots: Der Konzern beschreibt seine generativen KI-Such- und Chat-Funktionen sowie die intelligente Dokumentenverarbeitung ausdrücklich als Bestandteil der eigenen Angebote, und das einzige berichtspflichtige Segment Employer Solutions wird laut Bericht von „digital, software and AI-led capabilities“ der Plattform Alight Worklife getragen.
View the full file — quotes, sources, reviewed filings
„We are increasingly building AI and ML into many of our offerings including in our generative AI-enhanced Search and Chat functions for Alight Worklife as well as our intelligent document processing tools."
Wir bauen künstliche Intelligenz und maschinelles Lernen zunehmend in viele unserer Angebote ein, darunter in unsere durch generative KI erweiterten Such- und Chat-Funktionen für Alight Worklife sowie in unsere Werkzeuge zur intelligenten Dokumentenverarbeitung.
„Employer Solutions is driven by our digital, software and AI-led capabilities powered by the Alight Worklife® platform and spanning total employee wellbeing and engagement, including integrated benefits administration, healthcare navigation, financial health and employee wellbeing."
Employer Solutions wird von unseren digitalen, Software- und KI-geführten Fähigkeiten getragen, die auf der Plattform Alight Worklife® beruhen und das gesamte Wohlbefinden und die Einbindung der Beschäftigten abdecken — einschließlich integrierter Leistungsverwaltung, Gesundheitslotsendiensten, finanzieller Gesundheit und Mitarbeiter-Wohlbefinden.
„The PSP includes simplifying our post-divestiture operating model, rationalizing our technology spend, expanding our use of artificial intelligence and automation and continued optimization of real estate."
Der Post-Separation-Plan umfasst die Vereinfachung unseres Betriebsmodells nach dem Verkauf, die Bereinigung unserer Technologieausgaben, die Ausweitung unseres Einsatzes von künstlicher Intelligenz und Automatisierung sowie die fortgesetzte Optimierung unserer Immobilien.
Filings Reviewed: 10-Q 2026-05-05 · 10-K 2026-02-24 · 10-Q 2025-11-06 · 10-Q 2025-08-05 · 10-Q 2025-05-08 · 10-K 2025-02-27
Rated on July 27, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 158.8% above the current price.
- Consensus
- Strong Sell
- Analyst Ratings
- 7
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 5.62 | 4.60 – 6.43 | 2,148 | -43.9% | 5 |
| 12/31/2027 | 6.51 | 5.60 – 7.00 | 2,148 | 15.8% | 4 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- 0.52 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.01 | – | 680 | -29.20 | 1.20 | 118 | 92 |
| 2025: Q1 | -0.05 | – | 548 | -2.00 | -4.60 | 73 | 44 |
| 2025: Q2 | -2.03 | -4,929.70 | 528 | -1.90 | -203.20 | 86 | 58 |
| 2025: Q3 | -2.02 | – | 533 | -4.00 | -200.20 | 77 | 49 |
| 2025: Q4 | -1.77 | -11,893.80 | 653 | -4.00 | -142.70 | 124 | 99 |
| 2026: Q1 | -0.04 | – | 534 | -2.60 | -3.60 | 79 | 53 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 2,260 | 203 | 126 | 20.26 | 388 | – | – |
| 2017 | 2,301 | 190 | 24 | 3.86 | 303 | 887 | 6,257 |
| 2018 | 2,378 | 204 | -21 | -0.94 | 196 | 818 | 5,682 |
| 2019 | 2,552 | 265 | 22 | 0.98 | 268 | 805 | 6,586 |
| 2020 | 2,728 | 147 | -103 | -4.61 | 233 | 683 | 6,956 |
| 2021 | 2,915 | 194 | -60 | -2.73 | 115 | 4,140 | 10,988 |
| 2022 | 2,207 | -94 | -62 | -2.70 | 286 | 4,439 | 11,235 |
| 2023 | 3,410 | -101 | -345 | -14.10 | 386 | 4,462 | 10,782 |
| 2024 | 2,332 | -90 | -157 | -5.74 | 252 | 4,309 | 8,193 |
| 2025 | 2,262 | 34 | -3,097 | -117.41 | 360 | 1,044 | 4,568 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
Benefits administration is a sticky business: $2,108 million of the $2,262 million of 2025 revenue was recurring, and annual revenue retention was 94 percent (2024: 95). But revenue has now fallen for a third consecutive year — $2,386 million (2023), $2,332 million (2024), $2,262 million (2025) — and another 2.6 percent in the first quarter of 2026, to $534 million.
Operating cash flow from continuing operations rose to $360 million in 2025 (2024: $193 million, 2023: $247 million) while capital expenditures fell to $110 million. The resulting $250 million of free cash flow is the best figure of the last three years and considerable against a market value of roughly $507 million (as of 24.07.2026).
At March 31, 2026 there is $2,000 million of financial debt against $178 million of cash, due 2028. On that same date the credit market valued that debt at only $1,441 million — three months earlier it was $1,922 million against $2,005 million of book value. Only $20 million was repaid during 2025.
85 percent of all tax benefits from the 2021 structure go to the former owners. Remaining obligation at March 31, 2026: $509 million, after $664 million at the end of 2025. In the first quarter of 2026 alone $136 million flowed out — against $53 million of free cash flow. Up to $40 million for 2026 is in dispute.
Goodwill fell in four write-down steps during 2025 from $3,212 million to $83 million, total assets from $8,193 million to $4,568 million, equity attributable to shareholders from $4,309 million to $1,044 million. The accumulated deficit stood at $3,776 million on March 31, 2026. Altman score (balance-sheet variant): minus 2.82, squarely in the distress zone that begins below 1.1 on that scale; even without the impairment the value would sit at roughly 2.0, in the grey zone below the safe threshold of 2.6.
21st place in the U.S. selection of the in-house P/FCF ranking at a value of 1.2 (measured 27.07.2026; 836 hits in the German list covering all markets, 545 in the U.S.-only English list, 25 rows displayed in each). The underlying market value of $0.3 billion is not used here: the share count in the quarterly report and the closing price of 24.07.2026 give $507 million and therefore a ratio of 2.0, and a Schedule 13G of 09.07.2026 confirms the share count independently. The dividend yield still carried in data sets is also stale — the payout ended on 19.02.2026.
Alight is not a cheap stock; it is a stock with a cheap-looking metric. The benefits administration business delivers real cash — $250 million of free cash flow in 2025 against a market value of roughly $507 million. Between that money and the shareholder, however, sit $1,822 million of net debt maturing in 2028, a $509 million tax promise to the legacy owners, $3,124 million of goodwill written off in 2025, and revenue falling for a third consecutive year. On an enterprise value basis Alight costs 11.4 times free cash flow, not 1.2 times. Not investment advice.
- Hook and source: 21st place in the U.S. selection of the in-house P/FCF ranking, measured live and separately per edition on July 27, 2026 (836 hits in the German list covering all markets, 545 in the U.S.-only English list, 25 rows displayed in each). The scanner lists are recalculated daily; the placement is a snapshot and can drop out of the 25 visible rows.
- Why we calculated the market value ourselves: the value carried in the data set, $0.3 billion, differs by more than a fifth from the "share count times price" calculation. Our figure rests on the 537,241,981 shares from the cover page of the quarterly report (as of April 30, 2026), converted to 26,862,099 shares after the one-for-twenty reverse split of June 30, 2026, and the closing price of $18.87 on July 24, 2026. A Schedule 13G of July 9, 2026 confirms the order of magnitude independently: 1,366,285 Class A shares are reported there as 5.2 percent of the class, which implies roughly 26.3 million Class A shares. Metrics resting on the divergent market value are not used in this article.
- On the dividend yield in summary data: Alight replaced its quarterly dividend on February 19, 2026 with debt reduction and share repurchases. Yield figures from data sets still carrying the old payout are stale.
- On the price distances: our data set shows 95.4 percent below the all-time high and 90.8 percent below the 52-week high; neither figure consistently reflects the reverse split of June 30, 2026. Calculated from the split-adjusted price series we get 92.4 percent (peak $248.52 on September 10, 2021) and 83.2 percent (52-week high $112.05 on July 25, 2025), each against $18.87 on July 24, 2026. The article uses the self-calculated figures.
- Risk of confusion: Alight, Inc. (ALIT, NYSE) is not the same as same-named relief organizations or lighting companies. The SEC company name is "Alight, Inc."; the EDGAR history carries the former names Foley Trasimene Acquisition Corp. (until July 6, 2021) and Alight Group, Inc.
- Every figure from the filings carries the date of its report, not the date of the data retrieval. Free cash flow time series refer throughout to continuing operations; the payroll and professional services business sold in 2024 is presented as a discontinued operation in every year shown.
- Status of the mandatory checks on July 27, 2026: the most recent periodic report is the quarterly report for March 31, 2026 (filed May 5, 2026); no newer one existed at the editorial deadline. The SEC filing record contains no deregistration (Form 15), no delisting of the Class A shares (Form 25), no tender offer and no going-private transaction. Four current reports were filed after the quarterly report (June 4, June 11, June 18 and July 1, 2026); all have been reviewed.
About the Company
Alight, Inc. a technology-enabled services company worldwide.
| Employees | 9,500 |
|---|---|
| Headquarters | Chicago, IL |
| Address | 320 South Canal Street, 60606 Chicago, United States |
| Phone | 224 737 7000 |
| Website | alight.com |
| IPO Date | 17. Jul 2020 |
| ISIN | US01626W1018 |
| Stock Split | 1:20 on 07/01/2026 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Donna G. Dorsey J.D. | Chief Human Resources Officer | 1971 |
| Allison P. Bassiouni | Chief Delivery Officer | 1976 |
| Rohit Verma | CEO & Director | 1975 |
| Stephen Andrew Lasher | Chief Financial Officer | 1969 |
| Susan Dorrance Davies | Chief Accounting Officer & Global Controller | 1969 |
| Naveen Baweja | Chief Technology Officer | – |
| Jeremy Cohen | Vice President of Investor Relations | – |
| Martin T. Felli | Chief Legal Officer & Corporate Secretary | 1968 |
| Dinesh V. Tulsiani C.F.A. | President of Employer Solutions | 1975 |
| Stephen D. Rush | Chief Commercial Officer | 1970 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 15. Dec 2025 | Rajgopal Kausik | Director | Buy | 38 | 20.53 | 780 |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
View all insider transactions →Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.