Alight, Inc. / Delaware (ALIT) Company Report

Alight announced a CEO transition, with Dave Guilmette stepping down at the end of December 2024 and Rohit Verma assuming the role on January 1, 2025. The company's strategy will continue to prioritize growth, client retention, and innovation in benefits administration.
Operational improvements include an 800 basis point increase in large market client retention from the 2023 to 2024 cycle, with the 2025 cycle expected to be in line with 2024. Additionally, call volumes have decreased by double digits, and 97% of annual enrollments are now digital.
Project revenue is currently at its lowest level in years, impacting overall performance, though it is a high-margin segment and an attachment to recurring revenue. The company expects this to eventually cycle back but maintains a cautious outlook.
Alight is investing in AI technology through a partnership with IBM, utilizing WatsonX AI to develop a new GenAI-backed, personalized annual enrollment experience, which will see a full rollout next year after a pilot with three clients this year.

Dec 2, 2025, 7:15 PM

Transcript

Alight Announces CEO Transition and Strategic Priorities

ALIT

CEO Change

Management Change

New Projects/Investments

Alight will transition CEOs on January 1, 2025, with Rohit Verma succeeding Dave Guilmette, maintaining a focus on growth and transformation.
The company's primary focus is top-line growth, emphasizing client retention, which saw large market renewal rates improve from 77-78% in 2023 to mid-80% in 2024 and 2025.
Alight is actively using technology and AI, including a partnership with IBM's WatsonX AI, to enhance client experience, leading to 97% digital enrollments and double-digit reductions in call volumes.
92% of Alight's revenue is recurring, providing high visibility, but project revenue (8%) is at its lowest in years due to macro factors, despite its higher margin profile.

Dec 2, 2025, 7:15 PM

Transcript

Alight Reports Q3 2025 Financial Results and Strategic Progress

ALIT

Earnings

Guidance Update

Share Buyback

Alight reported Q3 2025 total revenue of $533 million, a 4.0% decrease year-over-year, while Adjusted EBITDA increased 16.9% to $138 million, representing a 460 bps margin expansion to 25.9%.
Year-to-date free cash flow for the nine months ended September 30, 2025, was $151 million, a 45% increase from the prior year, with Full Year 2025 free cash flow projected between $225-$250 million.
As of September 30, 2025, revenue under contract was $2.25 billion for 2025, $1.8 billion for 2026, and $1.3 billion for 2027.
The company expanded capabilities through new partnerships and launched AI-based conversational enrollment tools and agent assist solutions, with broad rollout expected in 2026.
Alight repurchased $25 million of shares in Q3 2025, with $216 million remaining under its share repurchase authorization as of September 30, 2025.

Nov 5, 2025, 1:30 PM

Presentation

Archrock Reports Strong Q3 2025 Results and Raises Full-Year Guidance

ALIT

Earnings

Guidance Update

Share Buyback

Archrock reported Q3 2025 adjusted EBITDA of $221 million and net income of $71 million. Compared to Q3 2024, adjusted EPS increased by 50% and adjusted EBITDA by more than 46%.
The company maintained high operational performance with 96% utilization and organically grew horsepower by approximately 56,000 on a sequential basis.
Archrock raised its 2025 adjusted EBITDA guidance to $835 million to $850 million and narrowed its 2025 growth CapEx to $345 million to $355 million.
The board approved a $100 million increase to the share repurchase program, resulting in approximately $130 million in remaining capacity, and declared a quarterly dividend of $0.21 per share.
The company anticipates continued strong demand for natural gas compression, driven by U.S. LNG exports and emerging AI-driven power generation, with 2026 growth CapEx expected to be not less than $250 million.

Nov 5, 2025, 1:30 PM

Transcript

Alight Reports Q3 2025 Results and Announces Board Declassification Proposal

ALIT

Earnings

Guidance Update

Board Change

Alight reported Q3 2025 revenue of $533 million, a 4.0% decrease compared to the prior year period, and a net loss of $1,055 million, primarily due to a $1,338 million non-cash goodwill impairment charge.
Despite the net loss, Adjusted EBITDA improved to $138 million from $118 million in Q3 2024, and adjusted diluted earnings per share increased to $0.12 from $0.09.
The company provided a full-year 2025 outlook, projecting revenue between $2,252 million and $2,282 million, Adjusted EBITDA between $595 million and $620 million, and adjusted diluted EPS between $0.54 and $0.58.
Alight repurchased $25 million of common stock and declared a $0.04 per share dividend during the quarter. Additionally, the Board of Directors will seek stockholder approval for the declassification of the Board at the 2026 Annual Meeting.

Nov 5, 2025, 12:36 PM

8-K

Alight Announces Credit Agreement Amendment

ALIT

Debt Issuance

Alight Inc. filed an 8-K report on June 3, 2025, detailing Amendment No. 12 to its Credit Agreement, effective May 30, 2025, which updates the company’s credit facility arrangements.
The amendment replaces UBS AG, Stamford Branch with a new L/C Issuer and adds BMO Bank N.A. as an L/C Issuer, while outlining credit commitments and L/C commitments totaling $330 million and $50 million, respectively.

Jun 3, 2025, 12:00 AM

8-K

Alight Inc Q1 2025 Earnings Results and Guidance Reaffirmed

ALIT

Earnings

Guidance Update

Share Buyback

Dividends

Client Wins

Q1 2025 revenue reached $548 million with nearly 95% recurring revenue and 92% of 2025 revenue secured under contract
Management reaffirmed full-year guidance, targeting $2.32–$2.39 billion in revenue, adjusted EPS of $0.58–$0.64, and free cash flow of $250–$285 million, underscoring a strong recurring business model
Adjusted EBITDA climbed to $118 million with a marked net loss improvement to $17 million from $121 million in Q1 2024
Q1 generated $44 million in free cash flow while executing share repurchase actions—$41 million buyback and a $20 million repurchase paired with a $0.04 per share dividend
Key client wins with US Foods, Markel, and Delek further bolstered the quarter’s performance

May 8, 2025, 12:31 PM

Transcript 8-K

Alight Inc Investor Day Highlights Strategic Transformation and Growth

ALIT

New Projects/Investments

Revenue Acceleration/Inflection

CEO Dave Guilmette outlined the company’s strategy to drive shareholder value through its market-leading integrated employee benefits platform, emphasizing long-term client relationships and deep industry expertise.
The management discussed completing a major cloud migration and implementing AI initiatives to enhance service delivery, operational efficiency, and cost savings (approx. $75 million annualized savings).
The executives highlighted a robust commercial strategy aimed at expanding recurring revenue, improving client retention, and capturing growth in both large enterprise and mid-market segments.

Mar 20, 2025, 1:31 PM

Transcript

Alight, Inc. Sets Mid-Term Financial Targets at Investor Day

ALIT

Guidance Update

Revenue Acceleration/Inflection

Alight, Inc. revealed mid-term financial targets, aiming for 4-6% annual revenue growth by 2027, an adjusted EBITDA margin of approximately 30%, and cumulative free cash flow of about $1 billion between 2025 and 2027.
The investor presentation emphasized the company’s strategy to drive long-term profitable growth by leveraging its cloud-based human capital technology platform and addressing evolving client needs.

Mar 20, 2025, 12:00 AM

8-K

Alight Reports Q4 2024 Results, Provides 2025 Outlook, and Announces Capital Allocation Updates

ALIT

Earnings

Guidance Update

Share Buyback

Alight reported Q4 2024 revenue of $680 million, with recurring revenue returning to growth and comprising 91% of total revenue. Full year 2024 total ARR bookings grew 18% to $114 million.
The company declared a second quarterly cash dividend of $0.04 and increased its share repurchase authorization by $200 million, bringing the total available to $281 million.
For 2025, Alight forecasts full year revenue between $2.32 billion and $2.39 billion, Adjusted EBITDA of $620 million to $645 million, and free cash flow of $250 million to $285 million.
Alight completed its cloud migration and divested its payroll and professional services business in 2024, and saw an eight-point improvement in retention rates during the most recent renewal cycle.