ALIT
Alight, Inc.2.0600
+0.0000+0%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details execution-driven renewal woes
Q&A zeroed in on execution lapses—ops, client management, tech—as drivers of renewal misses, with revenue under contract down 5% entering 2026 and a 30-40% lighter cohort versus 2025. Management confirmed recurring sales comp hikes and partial $100M CapEx repeat, while dismissing client AI buildouts as non-threats given plan complexity. Internal AI won't lift 2026 margins; data layer build targets 2027 gains. Analysts probed churn and investments; responses candid yet guarded on metrics pending permanent CFO. Execution rules all. New CEO eyes 9-12 month fixes amid Q1 weakness; watch renewal rebound.
Key Stats
Market Cap
1.13BP/E (TTM)
-Basic EPS (TTM)
-3.99Dividend Yield
0.08%Recent Filings
8-K
Interim CFO departing soon
10-K
FY2025 results
Alight's FY2025 revenue dipped 3.0% y/y to $2,262M, with recurring revenue down 1.3% to $2,108M on weaker net commercial activity and project work, yet adjusted EBITDA edged up to $561M (24.8% margin) via productivity gains and lower SG&A. Q4 drove sequential momentum with $26M TSA income offsetting costs, free cash flow surging to $250M amid $360M operating cash. Debt stands at $2.0B post-repricing, $216M remains for buybacks after $65M repurchases, dividends halted for deleveraging. Lower bookings and renewals signal revenue pressure ahead. Cyber risks loom large.
8-K
Q4 revenue dips; ends dividend
Alight reported Q4 revenue down 4.0% to $653 million and full-year revenue off 3.0% to $2.3 billion, with Adjusted EBITDA steady at $561 million despite a $3.1 billion non-cash goodwill impairment. Cash from operations hit $360 million, yielding $250 million free cash flow. It will replace its $0.04 dividend with deleveraging and share repurchases. Capital shift prioritizes balance sheet health.
8-K
Tulsiani consulting deal signed
Alight signed a consulting agreement with ex-Chief Strategy Officer Dinesh Tulsiani on January 21, 2026, tapping his expertise for a three-month initial term starting January 22 at $100,000 monthly retainer. The deal auto-renews monthly post-term but allows 30-day termination by either side. Retains key talent cheaply.
8-K
CFO transition announced
Alight's CFO Jeremy Heaton resigned December 15, 2025, effective January 9, 2026, to pursue an opportunity outside benefits administration—no disagreements noted. Greg Giometti, 37, SVP of Financial Planning and Analysis since 2020, steps in as Interim CFO, retaining his role for continuity. Smooth transition expected amid search for permanent successor.
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