AI Earnings Predictions for Alight Inc. (ALIT)

EX-99.1

2 alit-20260930xexx991.htm

EX-99.1

Document

Exhibit 99.1

Alight Reports Third Quarter 2026 Results

– Raises 2026 full year business outlook –

– Revenue of $500 million –

– Year to date Cash From Operations of $181 million and Free Cash Flow of $108 million –

CHICAGO, IL – November 3, 2026 – Alight, Inc. (NYSE: ALIT), a leading benefits administration provider of health, wealth and leave solutions, today reported results for the third quarter ended September 30, 2026.

Rohit Verma, Chief Executive Officer of Alight, commented “We are pleased to have surpassed revenue and adjusted EBITDA expectations for the third consecutive quarter, reflecting our continued execution of our long-term strategy to bolster Alight’s leadership position in the market and return to positive commercial momentum. In the quarter, we significantly improved retention metrics, further strengthened our leadership team with the addition of Bruce Wolfe as our Wealth leader, delivered several features on our AI roadmap and added differentiating capabilities with the acquisition of Abett.

“Our demonstrated progress with our transformation initiatives has enabled us to win several new logos and expand our relationships with existing clients. We also expanded account coverage to relationships which represent over 95% of recurring revenue. We are confident that we have the team, tools and strategy in place to continue creating a clear pathway to delivering enhanced operational and service excellence.”

Summary of Third Quarter 2026 Results

Three Months Ended September 30,

in millions20262025 Change

Revenue$500 $533 $(33)

Gross Profit135 178 (43)

Adjusted Gross Profit168 206 (38)

Net Income (Loss)(51)(1,068)1,017

Adjusted EBITDA86 138 (52)

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 6.2% to $500 million, as compared to $533 million in the prior year. The change was primarily due to lower net commercial activity. Recurring revenues were 91.6% of total revenue.

Gross profit was $135 million, or 27.0% of revenue, compared to $178 million, or 33.4% of revenue, in the prior year. The decrease in gross profit was primarily attributable to lower revenues and an increase in compensation expense, partially offset by cost savings initiatives.

Selling, general and administrative expenses increased by $35 million compared to the prior year, primarily due to higher severance and other restructuring costs, compensation expense and professional fees.

Interest expense of $25 million increased $1 million from the prior year. The increase was due to higher interest expense net of swaps and lower interest income.

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The Company’s loss from continuing operations before income tax was $70 million compared to a loss from continuing operations before income tax of $1,253 million in the prior year. The improvement was primarily attributable to the $1,338 million non-cash goodwill impairment in the prior year partially offset by the non-operating fair value remeasurements of the tax receivable agreement and financial instruments.

Balance Sheet Highlights

As of September 30, 2026, the Company’s cash and cash equivalents balance was $212 million, total debt was $1,991 million and total debt net of cash and cash equivalents was $1,779 million.

2026 Business Outlook

Full Year

•Revenues in the range of $2,115 million to $2,125 million

•Adjusted EBITDA in the range of $410 million to $420 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 third quarter 2026 financial results is scheduled for today, November 3, 2026 at 3:30 p.m. Central Time (4:30 p.m. Eastern Time). Interested parties can access the live webcast and accompanying presentation materials by logging on to the Investor Relations section on the Company’s website at http://investor.alight.com. A replay of the conference call and the accompanying presentation materials will be available on the in

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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