ALIT

EX-99.1

2 alit-20260630xexx991.htm

EX-99.1

Document

Exhibit 99.1

Alight Reports Second Quarter 2026 Results

– Revenue of $511 million –

– Year to date Cash From Operations of $152 million and Free Cash Flow of $101 million –

CHICAGO, IL – August 4, 2026 – Alight, Inc. (NYSE: ALIT), a leading benefits administration provider of health, wealth and leave solutions, today reported results for the second quarter ended June 30, 2026.

Rohit Verma, Chief Executive Officer of Alight, commented, “Our second quarter results once again exceeded expectations for both total revenue and adjusted EBITDA and our business remained highly cash generative. These results continue to give us a platform to build and execute our long-term strategy for profitable growth and strengthening our leadership position in the benefits market.

“During the quarter, we continued strengthening our management ranks, created significant market traction on modernization initiatives we have underway, and completed the important step of insourcing critical client service functions that had been outsourced. Our investment focus remained on leveraging AI to further improve user experience and service excellence, which we believe will ultimately drive client retention and growth.

“As we move through our operational transformation, we expect that the back half of the year will be impacted by the commercial execution experienced in 2025 and seasonally higher expenses in Q3. That said, our liquidity remains strong to support the continued implementation of our strategy to achieve long-term sustainable growth. We are encouraged by the early results from our enhanced customer engagement and account management efforts. These improvements are helping us build deeper, more strategic client partnerships that we believe will support stronger retention and contribute to future performance.”

Summary of Second Quarter 2026 Results

Three Months Ended June 30,

in millions20262025 Change

Revenue$511 $528 $(17)

Gross Profit142 176 (34)

Adjusted Gross Profit176 205 (29)

Net Income (Loss)(10)(1,073)1,063

Adjusted EBITDA92 127 (35)

NOTE: the information contained in this earnings release reflects the impact of the previously announced 1-for-20 reverse stock split of the Company's Class A common stock, Class B non-voting common stock (including the Class B-1 common stock and Class B-2 common stock) and Class V common stock (including treasury shares), effective on June 30, 2026. All share and per share amounts contained in this earnings release have been retroactively adjusted to reflect the reverse stock split for all periods presented.

Revenue decreased 3.2% to $511 million, as compared to $528 million in the prior year. The change was primarily due to lower net commercial activity, partially offset by an increase in project revenue. Recurring revenues were 92.2% of total revenue.

Gross profit was $142 million, or 27.8% of revenue, compared to $176 million, or 33.3% of revenue in the prior year. The decrease in gross profit was primarily attributable to lower revenues.

Selling, general and administrative expenses decreased by $21 million compared to the prior year, primarily due to lower severance and other restructuring costs.

1

Interest expense of $24 million increased $2 million from the prior year. The increase was due to higher interest expense net of swaps.

The Company’s loss from continuing operations before income tax was $19 million compared to a loss from continuing operations before income tax of $1,076 million in the prior year. The improvement was primarily attributable to the $983 million non-cash goodwill impairment in the prior year and the non-operating fair value remeasurements of the tax receivable agreement and financial instruments.

Balance Sheet Highlights

As of June 30, 2026, the Company’s cash and cash equivalents balance was $215 million, total debt was $1,996 million and total debt net of cash and cash equivalents was $1,781 million.

2026 Business Outlook

Third Quarter

•Revenues in the range of $469 million to $479 million

•Adjusted EBITDA in the range of $55 million to $61 million

Full Year

•Revenues in the range of $2,078 million to $2,098 million

•Adjusted EBITDA in the range of $400 million to $415 million

Reconciliations of the historical financial measures used in this earnings release that are not recognized under U.S. generally accepted accounting principles ("GAAP") are included below. Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, we have not provided reconciliations for forward-looking non-GAAP measures. For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results.

Earnings Conference Call and Webcast Information

A conference call to discuss the Company’s second quarter 2026 financial results is scheduled for

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alit-202602190001809104FALSEAlight, Inc. / Delaware00018091042026-02-192026-02-19

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 19, 2026

Alight, Inc. (Exact name of Registrant as Specified in Its Charter)

Delaware001-3929986-1849232 (State or Other Jurisdiction of Incorporation) (Commission File Number)(IRS Employer Identification No.)

320 South Canal Street,

50th Floor, Suite 5000, Chicago, IL 60606

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, Including Area Code: (224)737-7000 (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Class A Common Stock, par value $0.0001 per share

ALIT

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02 Results of Operations and Financial Condition. On February 19, 2026, Alight, Inc. (“Alight” or the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2025. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this “Report”) and is incorporated herein by reference.

Item 8.01 Other Events. On February 19, 2026, the Company announced it will replace its cash dividend on its Class A common stock, par value $0.0001 per share, with more efficient capital allocation activities, including deleveraging the balance sheet and, subject to market and other conditions, for share repurchases. The Company believes these are more effective mechanisms to drive long-term shareholder value creation than dividends at the current price levels, as set forth in the press release attached as Exhibit 99.1 to this Report.

Item 9.01 Financial Statements and Exhibits. (d)Exhibits.

99.1Press Release of the Company dated as of February 19, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

Forward-Looking Statements

This Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our capital allocation activities including our potential to deleverage our balance sheet and engage in share repurchases, as well as our ability to drive long-term shareholder value creation. In some cases, these forward-looking statements can be identified by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “would,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties including, among others, risks related to our ability to successfully execute the next phase of our strategic transformation, including our ability to effectively and appropriately separate the Payroll and Professional Services business, risks related to declines in economic activity in the industries, markets, and regions our clients serve, including as a result of macroeconomic factors beyond our control, heightened interest rates or changes in monetary, trade and fiscal policies, competition in our industry, risks related to cyber-attacks and security vulnerabilities and other significant disruptions in our information technology systems and networks, risk