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DEERFIELD, Ill.--(BUSINESS WIRE)--Industry veteran strengthens Alight's integrated benefits operating system with aligned leadership across Health, Wealth and Leaves.

, /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Alight, Inc. (NYSE: ALIT) breached their fiduciary duties to shareholders. 

According to a federal securities lawsuit, Alight disseminated materially false and misleading statements and/or concealed material adverse facts concerning the true state of the Company's growth potential and financial stability; notably, that the Company was not truly equipped to execute on its claimed potential and could not maintain its promised dividend as a result.

If you currently own ALIT and purchased prior to November 12, 2024 please contact Sophia Anne Silayan by email at [email protected] or call (833) 672-0814.  Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights. 

Why Your Participation Matters:

As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™ 

For additional information, please visit Shareholder Derivative Litigation - Kuehn Law.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
[email protected]
(833) 672-0814

SOURCE Kuehn Law, PLLC

Alight (NYSE:ALIT – Get Free Report) and Falcon’s Beyond Global (NASDAQ:FBYD – Get Free Report) are both small-cap industrials companies, but which is the superior business? We will compare the two companies based on the strength of their earnings, dividends, risk, institutional ownership, valuation, profitability and analyst recommendations.

Analyst Recommendations This is a summary of current ratings for Alight and Falcon’s Beyond Global, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Alight 2 3 3 0 2.12 Falcon’s Beyond Global 1 0 0 0 1.00 Alight presently has a consensus target price of $53.00, suggesting a potential upside of 293.76%. Given Alight’s stronger consensus rating and higher probable upside, research analysts plainly believe Alight is more favorable than Falcon’s Beyond Global.

Profitability This table compares Alight and Falcon’s Beyond Global’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Alight -90.90% 16.05% 4.38% Falcon’s Beyond Global -8.60% -50.04% -19.91% Insider and Institutional Ownership 96.7% of Alight shares are held by institutional investors. Comparatively, 38.9% of Falcon’s Beyond Global shares are held by institutional investors. 2.1% of Alight shares are held by company insiders. Comparatively, 25.2% of Falcon’s Beyond Global shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Valuation & Earnings This table compares Alight and Falcon’s Beyond Global”s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Alight $2.26 billion 0.16 -$3.10 billion ($77.18) -0.17 Falcon’s Beyond Global $14.90 million 82.67 $2.84 million ($0.10) -101.60 Falcon’s Beyond Global has lower revenue, but higher earnings than Alight. Falcon’s Beyond Global is trading at a lower price-to-earnings ratio than Alight, indicating that it is currently the more affordable of the two stocks.

Risk & Volatility Alight has a beta of 1.61, suggesting that its stock price is 61% more volatile than the S&P 500. Comparatively, Falcon’s Beyond Global has a beta of -2.57, suggesting that its stock price is 357% less volatile than the S&P 500.

Summary Alight beats Falcon’s Beyond Global on 9 of the 14 factors compared between the two stocks.

About Alight (Get Free Report)

Alight, Inc. provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software. The Professional Services segment offers consulting offerings, such as cloud advisory, deployment, and optimization services for cloud platforms. The company provides Alight Worklife, an intuitive, cloud-based employee engagement platform. Its solutions enable employees to enrich their health, wealth, and wellbeing that helps organizations achieve a high-performance culture. Alight, Inc. was founded in 2020 and is based in Lincolnshire, Illinois.

(Get Free Report)

Falcon’s Beyond Global, Inc. is an experiential entertainment development enterprise. It connects the world by bringing stories to life through theme parks, resorts, animation, consumer products, gaming, and movies. The company propels intellectual property activations concurrently across physical and digital experiences through three core business units. Falcon’s Creative Group is a themed entertainment and master planning firm. Falcon’s Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues. Falcon’s Beyond Brands expands franchises across multiple platforms from media to gaming, music to consumer products and beyond. The firm also invents in immersive rides, attractions and technologies for entertainment destinations around the world. The company was founded on July 8, 2022 and is headquartered in Orlando, FL.

Receive News & Ratings for Alight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alight and related companies with MarketBeat.com's FREE daily email newsletter.

DEERFIELD, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading benefits administration provider of health, wealth and leave solutions, today announced the addition of eMed Population Health, Inc., a platform for employer-sponsored preventative health management, to the Alight Partner Network. The collaboration will enhance employer-sponsored access to GLP-1 therapies and give organizations a scalable way to support eligible employees, improve adherence to treatment and address the cost.

Alight, Inc. (ALIT) Q2 2026 Earnings Call August 4, 2026 4:30 PM EDT

Company Participants

Rohit Verma - CEO & Director
Stephen Lasher - Chief Financial Officer

Conference Call Participants

Peter Heckmann - D.A. Davidson & Co., Research Division
Curtis Nagle - BofA Securities, Research Division
Ross Cole - Needham & Company, LLC, Research Division

Presentation

Operator

Good afternoon, and welcome to the Alight Second Quarter 2026 Conference Call. There is a presentation accompanying today's presentation available on the Alight's Investors Relations website.

I will now read the safe harbor statement. Today's discussion includes forward-looking statements within the meaning of the federal securities laws. These statements reflect management's current views and expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Factors that may cause such differences are described in today's earnings release and in Alight's filings with the Securities and Exchange Commission, including in the Risk Factors section of its most recent annual report on Form 10-K. The company undertakes no obligation to update any forward-looking statements, except as required by law.

In addition, during today's call, the company may reference certain non-GAAP financial measures. A reconciliation of these measures to the most directly comparable GAAP measures can be found in the earnings release available on the company's website.

I will now turn the call over to Rohit Verma, Chief Executive Officer of Alight. Please go ahead.

Rohit Verma
CEO & Director

Good afternoon, and welcome to Alight's Second Quarter 2026 Earnings Call. I'm very pleased to have Steve Lasher, our Chief Financial Officer, joining me today. Steve joined Alight in June. So it's been a busy first few weeks for him, and we are delighted to have him on board.

Included in today's discussion will be our thoughts on our second quarter, our positioning

CHICAGO--(BUSINESS WIRE)--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 millions

2026

2025

Change

Revenue

$

511

$

528

$

(17

)

Gross Profit

142

176

(34

)

Adjusted Gross Profit

176

205

(29

)

Net Income (Loss)

(10

)

(1,073

)

1,063

Adjusted EBITDA

92

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.

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 today, August 4, 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 investor relations website for approximately 90 days.

About Alight Solutions

Alight is a leading benefits administration provider of health, wealth, leave and point solutions for many of the world’s largest organizations and over 30 million people. Through the administration of employee benefits, Alight helps clients gain a benefits advantage while building a healthy and financially secure workforce by unifying the benefits ecosystem across health, wealth, wellbeing, absence management and navigation. Our Alight Worklife® platform empowers employers to gain a deeper understanding of their workforce and engage them throughout life’s most important moments with personalized benefits management and data-driven insights, leading to increased employee wellbeing, engagement and productivity. Learn more at alight.com.

Forward-Looking Statements

This earnings release 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 leadership position, strategy for profitable and long-term growth, our ability to improve the member experience and service excellence, client retention and growth, and outlook for Alight’s business, financial results, liquidity and capital resources, including statements in the "Business Outlook" section of this earnings release. 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 associated with competition, our ability to successfully execute the next phase of our strategic transformation, an inability to successfully execute on operational and technological enhancements designed to drive value for our clients or drive internal efficiencies, issues relating to the use of new and evolving technologies, such as Artificial Intelligence (“AI”) and Machine Learning (“ML”), we may not achieve our financial projections, which could have an adverse effect on our business, operating results, and financial condition, cyber-attacks and security vulnerabilities and other significant disruptions in our information technology systems and networks that could expose us to legal liability, impair its reputation or have a negative effect on our results of operations, our handling of confidential, personal or proprietary data, actions or proposals from activist stockholders, the precision of assumptions underlying certain reported measures, and compliance with applicable laws or regulations, including changes thereto. Additional factors that could cause Alight’s results to differ materially from those described in the forward-looking statements can be found under the section entitled “Risk Factors” of Alight’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the "SEC") on February 24, 2026, as such factors may be updated from time to time in Alight's filings with the SEC, which are, or will be, accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be considered along with other factors noted in this earnings release and in Alight’s filings with the SEC. Alight undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Non-GAAP Financial Measures and Other Information

The Company refers to certain non-GAAP financial measures in this earnings release, including: Adjusted EBITDA From Continuing Operations, Adjusted EBITDA Margin From Continuing Operations, Adjusted Net Income From Continuing Operations, Adjusted Diluted Earnings Per Share From Continuing Operations, Free Cash Flow, Adjusted Gross Profit and Adjusted Gross Profit Margin. Please see below for additional information and for reconciliations of such non-GAAP financial measures. The presentation of non-GAAP financial measures is used to enhance our investors’ and lenders’ understanding of certain aspects of our financial performance. This discussion is not meant to be considered in isolation, superior to, or as a substitute for the directly comparable financial measures prepared in accordance with GAAP.

Adjusted EBITDA From Continuing Operations, which is defined as earnings from continuing operations before interest, taxes, depreciation and intangible amortization adjusted for the impact of certain non-cash and other items, that we do not consider in the evaluation of ongoing operational performance. Adjusted EBITDA Margin From Continuing Operations is defined as Adjusted EBITDA From Continuing Operations divided by revenue. Both Adjusted EBITDA From Continuing Operations and Adjusted EBITDA Margin From Continuing Operations are non-GAAP financial measures used by management and our stakeholders to provide useful supplemental information that enables a better comparison of our performance across periods as well as to evaluate our core operating performance.

Adjusted Net Income From Continuing Operations, which is defined as net income (loss) from continuing operations adjusted for intangible amortization and the impact of certain non-cash items, that we do not consider in the evaluation of ongoing operational performance, is a non-GAAP financial measure used solely for the purpose of calculating Adjusted Diluted Earnings Per Share From Continuing Operations.

Adjusted Diluted Earnings Per Share From Continuing Operations is defined as Adjusted Net Income From Continuing Operations divided by the adjusted weighted-average number of shares of Alight Inc. common stock, diluted. Adjusted Diluted Earnings Per Share From Continuing Operations is used by us and our investors to evaluate our core operating performance and to benchmark our operating performance against our competitors.

Free Cash Flow is defined as cash provided by operating activities net of capital expenditures. Management believes that free cash flow is an important liquidity metric because it measures, during a given period, the amount of cash generated that is available to repay debt obligations, make strategic acquisitions and investments and for certain other activities such as dividends and stock repurchases.

Adjusted Gross Profit is defined as revenue less cost of services adjusted for depreciation, amortization and share-based compensation, and Adjusted Gross Profit Margin is defined as Adjusted Gross Profit divided by revenue. Management uses Adjusted Gross Profit and Adjusted Gross Profit Margin as key measures in making financial, operating and planning decisions and in evaluating our performance. We believe that presenting Adjusted Gross Profit and Adjusted Gross Profit Margin is useful to investors as it eliminates the impact of certain non-cash expenses and allows a direct comparison between periods.

Revenue Under Contract is an operational metric that represents management’s estimate of anticipated revenue expected to be recognized in the period referenced based on available information that includes historical client contracting practices. The metric does not reflect potential future events such as unexpected client volume fluctuations, early contract terminations or early contract renewals. Our metric may differ from similar terms used by other companies and therefore comparability may be limited.

Condensed Consolidated Statements of Income (Loss)

(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

(in millions, except per share amounts)

2026

2025

2026

2025

Revenue

$

511

$

528

$

1,045

$

1,076

Cost of services, exclusive of depreciation and amortization

337

325

684

676

Depreciation and amortization

32

27

63

53

Gross Profit

142

176

298

347

Operating Expenses

Selling, general and administrative

109

130

214

234

Depreciation and intangible amortization

73

73

146

148

Goodwill impairment

—

983

—

983

Total Operating expenses

182

1,186

360

1,365

Operating Income (Loss) From Continuing Operations

(40

)

(1,010

)

(62

)

(1,018

)

Other (Income) Expense

(Gain) Loss from change in fair value of financial instruments

—

28

—

20

(Gain) Loss from change in fair value of tax receivable agreement

(46

)

23

(65

)

32

Interest expense

24

22

48

44

Other (income) expense, net

1

(7

)

—

(18

)

Total Other (income) expense, net

(21

)

66

(17

)

78

Income (Loss) From Continuing Operations Before Taxes

(19

)

(1,076

)

(45

)

(1,096

)

Income tax expense (benefit)

(9

)

(3

)

(16

)

(6

)

Net Income (Loss) From Continuing Operations

(10

)

(1,073

)

(29

)

(1,090

)

Net Income (Loss) From Discontinued Operations, Net of Tax

—

(1

)

—

(9

)

Net Income (Loss)

(10

)

(1,074

)

(29

)

(1,099

)

Net income (loss) attributable to noncontrolling interests

—

(1

)

—

(1

)

Net Income (Loss) Attributable to Alight, Inc.

$

(10

)

$

(1,073

)

$

(29

)

$

(1,098

)

Earnings (Loss) Per Share

Basic and Diluted

Continuing operations

$

(0.38

)

$

(40.57

)

$

(1.10

)

$

(41.06

)

Discontinued operations

$

—

$

(0.04

)

$

—

$

(0.34

)

Net Income (Loss)

$

(0.38

)

$

(40.61

)

$

(1.10

)

$

(41.40

)

Condensed Consolidated Balance Sheets

(Unaudited)

June 30,
2026

December 31,
2025

(in millions, except par values)

Assets

Current Assets

Cash and cash equivalents

$

215

$

273

Receivables, net

340

387

Other current assets

185

234

Fiduciary assets

233

248

Total Current Assets

973

1,142

Goodwill

83

83

Intangible assets, net

2,433

2,573

Fixed assets, net

355

378

Deferred tax assets, net

32

15

Other assets

392

377

Total Assets

$

4,268

$

4,568

Liabilities and Stockholders' Equity

Liabilities

Current Liabilities

Accounts payable and accrued liabilities

$

225

$

253

Current portion of long-term debt, net

20

20

Other current liabilities

205

353

Fiduciary liabilities

233

248

Total Current Liabilities

683

874

Deferred tax liabilities

15

14

Long-term debt, net

1,976

1,985

Long-term tax receivable agreement

443

508

Other liabilities

125

141

Total Liabilities

$

3,242

$

3,522

Commitments and Contingencies

Stockholders' Equity

Preferred stock at $0.0001 par value: 1.0 shares authorized, none issued and outstanding

$

—

$

—

Class A Common Stock: $0.0001 par value, 50.0 shares authorized; 28.5 and 28.3 shares issued, and 26.4 and 26.2 shares outstanding as of June 30, 2026 and December 31, 2025, respectively

—

—

Class B Common Stock: $0.0001 par value, 1.0 shares authorized; 0.5 and 0.5 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively

—

—

Class V Common Stock: $0.0001 par value, 8.8 shares authorized; 0.02 and 0.02 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively

—

—

Class Z Common Stock: $0.0001 par value, 0.6 shares authorized; none issued and outstanding

—

—

Treasury stock, at cost (2.1 and 2.1 shares at June 30, 2026 and December 31, 2025, respectively)

(284

)

(284

)

Additional paid-in-capital

5,076

5,065

Accumulated deficit

(3,786

)

(3,757

)

Accumulated other comprehensive income

18

20

Total Alight, Inc. Stockholders' Equity

$

1,024

$

1,044

Noncontrolling interest

2

2

Total Stockholders' Equity

$

1,026

$

1,046

Total Liabilities and Stockholders' Equity

$

4,268

$

4,568

Condensed Consolidated Statements of Cash Flows

(Unaudited)

Six Months Ended June 30,

(in millions)

2026

2025

Operating activities:

Net Income (Loss) From Continuing Operations

$

(29

)

$

(1,090

)

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Depreciation

69

60

Intangible asset amortization

140

141

Noncash lease expense

4

5

Financing fee and premium amortization

1

1

Share-based compensation expense

11

11

(Gain) loss from change in fair value of financial instruments

—

20

(Gain) loss from change in fair value of tax receivable agreement

(65

)

32

Deferred tax expense (benefit)

(16

)

(8

)

Goodwill impairment

—

983

Other

7

11

Changes in operating assets and liabilities:

Accounts receivable

47

60

Accounts payable and accrued liabilities

(28

)

(76

)

Other assets and liabilities

11

9

Cash provided by operating activities - continuing operations

152

159

Cash provided by operating activities - discontinued operations

—

—

Net cash provided by operating activities

$

152

$

159

Investing activities:

Capital expenditures

(51

)

(57

)

Cash provided by (used in) investing activities - continuing operations

(51

)

(57

)

Cash used in investing activities - discontinued operations

—

—

Net cash provided by (used in) investing activities

$

(51

)

$

(57

)

Financing activities:

Dividend payments

(1

)

(43

)

Net increase (decrease) in fiduciary liabilities

(15

)

(24

)

Repayments to banks

(10

)

(10

)

Principal payments on finance lease obligations

(9

)

(12

)

Payments on tax receivable agreements

(136

)

(100

)

Tax payment for shares/units withheld in lieu of taxes

(1

)

(11

)

Repurchase of shares

—

(40

)

Other financing activities

(1

)

(2

)

Cash used in financing activities - continuing operations

(173

)

(242

)

Cash provided by (used in) financing activities - discontinued operations

—

—

Net Cash provided by (used in) financing activities

$

(173

)

$

(242

)

Effect of exchange rate changes on cash, cash equivalents and restricted cash - continuing operations

(1

)

—

Net increase (decrease) in cash, cash equivalents and restricted cash

(73

)

(140

)

Cash, cash equivalents and restricted cash balances from:

Continuing operations - beginning of year

$

521

$

582

Continuing operations - end of period

$

448

$

442

Reconciliation of Net Income (Loss) From Continuing Operations to Adjusted EBITDA from Continuing Operations (Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

(in millions)

2026

2025

2026

2025

Net Income (Loss) From Continuing Operations

$

(10

)

$

(1,073

)

$

(29

)

$

(1,090

)

Interest expense

24

22

48

44

Income tax expense (benefit)

(9

)

(3

)

(16

)

(6

)

Depreciation

35

30

69

60

Intangible amortization

70

70

140

141

EBITDA From Continuing Operations

110

(954

)

212

(851

)

Share-based compensation

7

5

11

11

Transaction and integration expenses (1)

3

5

7

8

Restructuring

16

36

28

40

(Gain) Loss from change in fair value of financial instruments

—

28

—

20

(Gain) Loss from change in fair value of tax receivable agreement

(46

)

23

(65

)

32

Goodwill impairment and other (2)

2

984

3

985

Adjusted EBITDA From Continuing Operations (3)

$

92

$

127

$

196

$

245

Revenue

$

511

$

528

$

1,045

$

1,076

Adjusted EBITDA Margin From Continuing Operations (4)

18.0

%

24.1

%

18.8

%

22.8

%

(1) Transaction and integration expenses primarily relate to acquisition and divestiture activities.
(2) Goodwill and other primarily includes a $983 million non-cash goodwill impairment charge for the three and six months ended June 30, 2025 related to the Company's Health Solutions reporting unit.
(3) Adjusted EBITDA excludes the impact of discontinued operations.
(4)Adjusted EBITDA Margin From Continuing Operations is defined as Adjusted EBITDA From Continuing Operations as a percentage of revenue.

Reconciliation of Net Income (Loss) From Continuing Operations to Adjusted Net Income and Adjusted Diluted Earnings per Share From Continuing Operations (Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

(in millions, except share and per share amounts)

Numerator:

Net Income (Loss) From Continuing Operations Attributable to Alight, Inc. (1)

$

(10

)

$

(1,072

)

$

(29

)

$

(1,089

)

Conversion of noncontrolling interest

—

(1

)

—

(1

)

Intangible amortization

70

70

140

141

Share-based compensation

7

5

11

11

Transaction and integration expenses (2)

3

5

7

8

Restructuring

16

36

28

40

(Gain) Loss from change in fair value of financial instruments

—

28

—

20

(Gain) Loss from change in fair value of tax receivable agreement

(46

)

23

(65

)

32

Goodwill impairment and other (3)

2

984

3

985

Tax effect of adjustments (4)

(16

)

(22

)

(34

)

(39

)

Adjusted Net Income From Continuing Operations

$

26

$

56

$

61

$

108

Denominator:

Weighted average shares outstanding - basic

26,351,020

26,423,496

26,294,427

26,518,940

Dilutive effect of the exchange of noncontrolling interest units

—

—

—

—

Dilutive effect of RSUs

—

—

—

—

Weighted average shares outstanding - diluted

26,351,020

26,423,496

26,294,427

26,518,940

Exchange of noncontrolling interest units(5)

24,217

25,505

24,217

25,505

Impact of unvested RSUs(6)

2,146,325

370,259

2,146,325

370,259

Adjusted shares of Class A Common Stock outstanding - diluted(7)(8)

28,521,562

26,819,260

28,464,969

26,914,704

Basic (Net Loss) Earnings Per Share From Continuing Operations

$

(0.38

)

$

(40.57

)

$

(1.10

)

$

(41.06

)

Diluted (Net Loss) Earnings Per Share From Continuing Operations

$

(0.38

)

$

(40.57

)

$

(1.10

)

$

(41.06

)

Adjusted Diluted Earnings Per Share From Continuing Operations

$

0.91

$

2.09

$

2.14

$

4.01

(1) Excludes the impact of discontinued operations.
(2) Transaction and integration expenses primarily relate to acquisition and divestiture activities.
(3) Goodwill impairment and other primarily includes a $983 million non-cash goodwill impairment charge for the three and six months ended June 30, 2025 related to the Company's Health Solutions reporting unit.
(4) Income tax effects have been calculated based on the statutory tax rates for both U.S. and foreign jurisdictions based on the Company's mix of income and adjusted for significant changes in fair value measurement.
(5) Assumes the full exchange of the units held by noncontrolling interests for shares of Class A Common Stock of Alight, Inc. pursuant to the exchange agreement.
(6) Includes non-vested time-based restricted stock units that were determined to be antidilutive for U.S. GAAP diluted earnings per share purposes.
(7) Excludes two tranches of contingently issuable seller earnout shares: (i) 0.4 million shares will be issued if the Company's Class A Common Stock's volume-weighted average price ("VWAP") is >$250.00 for any 20 trading days within a consecutive period of 30 trading days; and (ii) 0.4 million shares will be issued if the Company's Class A Common Stock VWAP is >$300.00 for any 20 trading days within a consecutive period of 30 trading days. Both tranches have a seven-year duration.
(8) Excludes approximately 1.9 million and 0.3 million performance-based units, which represents the gross number of shares expected to vest based on achievement of performance and market conditions as of June 30, 2026 and 2025, respectively.

Gross Profit to Adjusted Gross Profit Reconciliation

(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

($ in millions)

2026

2025

2026

2025

Gross Profit

$

142

$

176

$

298

$

347

Add: stock-based compensation

2

2

4

5

Add: depreciation and amortization

32

27

63

53

Adjusted Gross Profit

$

176

$

205

$

365

$

405

Gross Profit Margin

27.8

%

33.3

%

28.5

%

32.2

%

Adjusted Gross Profit Margin

34.4

%

38.8

%

34.9

%

37.6

%

Free Cash Flow Reconciliation

(Unaudited)

Six Months Ended June 30,

($ in millions)

2026

2025

Non-GAAP free cash flow reconciliation:

Cash provided by operating activities - continuing operations

$

152

$

159

Capital expenditures

(51

)

(57

)

Non-GAAP free cash flow

$

101

$

102

Other Select Financial Data

(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

($ in millions)

2026

2025

2026

2025

Revenue Disaggregation

Recurring

$

471

$

492

$

969

$

1,012

Project

40

36

76

64

Total revenue

$

511

$

528

$

1,045

$

1,076

Gross Profit

Total gross profit

$

142

$

176

$

298

$

347

Total gross margin

27.8

%

33.3

%

28.5

%

32.2

%

Adjusted Gross Profit

Total adjusted gross profit

$

176

$

205

$

365

$

405

Total adjusted gross margin percent

34.4

%

38.8

%

34.9

%

37.6

%

Adjusted EBITDA From Continuing Operations

Adjusted EBITDA From Continuing Operations

$

92

$

127

$

196

$

245

Adjusted EBITDA Margin From Continuing Operations

18.0

%

24.1

%

18.8

%

22.8

%

Free Cash Flow

Free Cash Flow From Continuing Operations

$

101

$

102

More News From Alight, Inc.

Wall Street expects a year-over-year decline in earnings on lower revenues when Alight, Inc. (ALIT - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on August 4, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis company is expected to post quarterly earnings of $0.75 per share in its upcoming report, which represents a year-over-year change of -62.5%.

Revenues are expected to be $494.9 million, down 6.3% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 27.5% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Alight?For Alight, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Alight will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Alight would post earnings of $0.6 per share when it actually produced earnings of $1.20, delivering a surprise of +100.00%.

Over the last four quarters, the company has beaten consensus EPS estimates just once.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Alight doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

CHICAGO--(BUSINESS WIRE)--Collaboration combines Alight's recordkeeping with BNY's expertise in custody, payments, bundled investment options and investment management.

CHICAGO--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading benefits administration provider of health, wealth and leave solutions, has received independent substantiation from the Validation Institute for Alight's Healthcare Navigation solution in the categories of Savings and Contractual Integrity. This third-party validation is based on an assessment of employer medical claims and demonstrates credible proof that Alight delivers lower-cost provider guidance while maintaining quality standa.

Alight Announces Reverse Stock Split Ratio of 1-for-20 and Expected Effective Date of June 30, 2026 Alight, Inc. (NYSE: ALIT), a leading benefits administration provider of health, wealth and leave solutions, today announced its Board of Directors has determined to effectuate a reverse stock split of Alight’s outstanding shares of common stock and a corresponding decrease in the number of authorized shares of each class and series of common stock (the “Reverse Stock Split”) at a ratio of 1-for-20. The Reverse Stock Split was approved by stockholders at Alight’s 2026 Annual Meeting of Stockholders held on June 10, 2026.

The Reverse Stock Split is expected to become effective as of Tuesday, June 30, 2026, at 5:00 p.m. Eastern Time (the “Effective Time”). Alight’s Class A common stock is expected to begin trading on a split-adjusted basis on the New York Stock Exchange (“NYSE”) under the existing symbol (ALIT) when the market opens on Wednesday, July 1, 2026. The new CUSIP number for Alight’s Class A common stock following the Reverse Stock Split will be 01626W 200. The Reverse Stock Split affirms the Company’s commitment to remain on the NYSE by meeting the NYSE’s price criteria for continued listing and positions the company for inclusion in additional indexes such as the Russell 3000.

"Today's announcement is a structural action that allows us to realign our share count and maintain our focus on executing our strategy," said Rohit Verma, CEO of Alight. "This action does not change our commitment to delivering for our clients, colleagues and stockholders. In fact, we believe it further strengthens the foundation that enables our clients and partners to continue relying on Alight with confidence as we execute our strategy and invest in the capabilities that matter most to them. We remain committed to our three operating principles: delivering service and operational excellence; innovating products to create value and actionable insights; and building relationships that result in enduring, trusted partnerships."

As of the Effective Time, every 20 issued and outstanding shares of Alight’s Class A common stock, Class B non-voting common stock (including Class B-1 common stock and Class B-2 common stock), and Class V common stock will be automatically reclassified into one issued and outstanding share of Alight’s Class A common stock, Class B non-voting common stock (including Class B-1 common stock and Class B-2 common stock), and Class V common stock, respectively. No fractional shares will be issued as a result of the reverse stock split. Instead, stockholders will receive cash in lieu of fractional shares on a pro rata basis utilizing the post-Reverse Stock Split price per share.

Proportionate adjustments will be made to the terms of Alight’s outstanding equity-based awards and equity plans as well as the limited liability company units of Alight Holding Company LLC (which are exchangeable together with one share of Class V Common Stock for shares of Class A common stock on a one-for-one basis), in accordance with the terms of the applicable agreements. Additionally, the total number of shares Alight is authorized to issue and number of authorized shares of Class A common stock, Class B non-voting common stock (including Class B-1 common stock, Class B-2 common stock and Class B-3 common stock), Class V common stock and Class Z non-voting common stock (including the Class Z-A common stock, Class Z-B-1 common stock and Class Z-B-2 common stock) will correspondingly be decreased.

Registered stockholders holding pre-split shares of Alight’s Class A common stock, Class B non-voting common stock (including Class B-1 common stock and Class B-2 common stock), and Class V common stock are not required to take any action to receive post-reverse stock split shares of Class A common stock, Class B non-voting common stock (including Class B-1 common stock and Class B-2 common stock), and Class V common stock, respectively, in registered book-entry form or cash payment in lieu of fractional shares, if applicable. Stockholders owning shares through a broker, bank or other holder of record are expected to have their positions automatically adjusted to reflect the reverse stock split and cash payment in lieu of fractional shares, if applicable, subject to any particular processes of the holder of record. Stockholders that hold shares of Class A common stock, Class B non-voting common stock (including Class B-1 common stock and Class B-2 common stock), and Class V common stock with a broker, bank or other holder of record, should contact their holder of record with any questions in this regard.

Additional information about the Reverse Stock Split can be found in Alight’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on April 27, 2026, which is available free of charge at the SEC’s website at www.sec.gov and on Alight’s website at https://investor.alight.com.

About Alight Solutions

Alight is a leading benefits administration provider of health, wealth, leave and point solutions for many of the world’s largest organizations and over 30 million people. Through the administration of employee benefits, Alight helps clients gain a benefits advantage while building a healthy and financially secure workforce by unifying the benefits ecosystem across health, wealth, wellbeing, absence management and navigation. Our Alight Worklife® platform empowers employers to gain a deeper understanding of their workforce and engage them throughout life’s most important moments with personalized benefits management and data-driven insights, leading to increased employee wellbeing, engagement and productivity. Learn more at alight.com.

Forward-Looking Statements

This press release 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 the expected Reverse Stock Split of the Company’s common stock (including the timing of the Reverse Stock Split, the effects of the Reverse Stock Split, expected payment of cash in lieu of fractional shares, anticipated timing of the commencement of trading on a split-adjusted basis and the impact of the Reverse Stock Split on the Company’s share price), the Company’s ability to regain compliance with the NYSE’s continued listing standards, the Company’s ability to be included in stock indices and the Company’s ongoing business operations. 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 those described in the forward-looking statements can be found under the section entitled “Risk Factors” of Alight’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the "SEC") on February 24, 2026, as such factors may be updated from time to time in Alight's filings with the SEC, which are, or will be, accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be considered along with other factors noted in Alight’s filings with the SEC. Alight undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260618535174/en/

CHICAGO--(BUSINESS WIRE)--Alight appointed Mary Armstrong-Flippo as Senior Vice President, Broker & Channel Partnerships, Leaves.

NEW YORK, May 13, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Alight, Inc. (NYSE: ALIT) between November 12, 2024 and February 18, 2026, both dates inclusive (the “Class Period”), of the important May 15, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Alight common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Alight class action, go to https://rosenlegal.com/submit-form/?case_id=54542 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose facts concerning the true state of Alight’s growth potential and financial stability; notably, that Alight was not truly equipped to execute on its claimed potential and could not maintain its promised dividend as a result. Rather, Alight would require significantly higher compensation and incentive expenses to achieve the projections put forth by management. Throughout the class period, defendants announced disappointing results, reduced projections, and multiple goodwill impairments all while remaining confident in their ability to execute, drive growth, and continue to provide a dividend to their shareholders. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Alight class action, go to https://rosenlegal.com/submit-form/?case_id=54542 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

ALIT Deadline: ALIT Investors Have Opportunity to Lead Alight, Inc. Securities Fraud Lawsuit PR Newswire NEW YOR

SAN DIEGO--(BUSINESS WIRE)--The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Alight, Inc. (NYSE: ALIT) common stock between November 12, 2024 and February 18, 2026, both dates inclusive (the “Class Period”), have until May 15, 2026 to seek appointment as lead plaintiff of the Alight class action lawsuit. Captioned McCarty v. Alight, Inc., No. 26-cv-02924 (N.D. Ill.), the Alight class action lawsuit charges Alight and certain of Alight’s former top executive officers with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Alight class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-alight-inc-class-action-lawsuit-alit.html

You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].

CASE ALLEGATIONS: Alight is a technology-enabled services company.

The Alight class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants created the false impression that they possessed reliable information pertaining to Alight’s projected revenue outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations; and (ii) Alight’s optimistic reports of growth, cost cutting measures, strong pipeline, and far-reaching visibility fell short of reality as Alight’s sales team was not equipped to execute in accordance with its management’s expectations.

The Alight class action lawsuit alleges that on August 5, 2025, Alight revealed that “deals [are] taking longer to close in the current environment which is temporarily delaying planned growth,” resulting in a reduction of Alight’s revenue guidance to “$2,282 million to $2,329 million.” On this news, the price of Alight common stock fell more than 18%, according to the complaint.

Then, on February 19, 2026, the Alight class action lawsuit alleges that Alight announced its fourth quarter and full year fiscal 2025 results, revealing that “it will replace its cash dividend with more efficient capital allocation activities” and that “[i]n 2025, we did not meet our internal financial targets and new bookings and renewals did not meet our expectations, leading us to miss our forecast to the market.” On this news, the price of Alight common stock fell nearly 38%, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Alight common stock during the Class Period to seek appointment as lead plaintiff in the Alight class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Alight investor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Alight shareholder class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Alight class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.

New York, New York--(Newsfile Corp. - May 14, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Alight, Inc. (NYSE: ALIT) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Alight securities between November 12, 2024 and February 18, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/ALIT.

Alight Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose material adverse facts concerning the Company's business, operations, and prospects. Specifically, the Complaint alleges that Defendants misrepresented and/or failed to disclose that:

the Company's prospects under its new Chief Executive Officer, Defendant Guilmette, were materially weaker than represented; the Company's purported commitment to a consistent return of capital lacked a reasonable basis; the Company was not capable of moderating the decline in its project-revenue growth rate; and the Company lacked the ability to achieve its projected revenue and margin targets, rendering Defendants' statements materially false and misleading at all relevant times.What's Next for Alight Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/ALIT, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Alight you have until May 15, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Alight Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Alight Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Attorney advertising.
Prior results do not guarantee similar outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295600

Source: Bronstein, Gewirtz & Grossman, LLC

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Contact Us

New York, New York--(Newsfile Corp. - May 14, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Alight, Inc. (NYSE: ALIT) between November 12, 2024 and February 18, 2026, both dates inclusive (the "Class Period"), of the important May 15, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Alight common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Alight class action, go to https://rosenlegal.com/submit-form/?case_id=54542 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose facts concerning the true state of Alight's growth potential and financial stability; notably, that Alight was not truly equipped to execute on its claimed potential and could not maintain its promised dividend as a result. Rather, Alight would require significantly higher compensation and incentive expenses to achieve the projections put forth by management. Throughout the class period, defendants announced disappointing results, reduced projections, and multiple goodwill impairments all while remaining confident in their ability to execute, drive growth, and continue to provide a dividend to their shareholders. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Alight class action, go to https://rosenlegal.com/submit-form/?case_id=54542 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297543

Source: The Rosen Law Firm PA

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San Diego, California--(Newsfile Corp. - May 15, 2026) - The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Alight, Inc. (NYSE: ALIT) common stock between November 12, 2024 and February 18, 2026, both dates inclusive (the "Class Period"), have until today, May 15, 2026 to seek appointment as lead plaintiff of the Alight class action lawsuit. Captioned McCarty v. Alight, Inc., No. 26-cv-02924 (N.D. Ill.), the Alight class action lawsuit charges Alight and certain of Alight's former top executive officers with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Alight class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-alight-inc-class-action-lawsuit-alit.html

You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].

CASE ALLEGATIONS: Alight is a technology-enabled services company.

The Alight class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants created the false impression that they possessed reliable information pertaining to Alight's projected revenue outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations; and (ii) Alight's optimistic reports of growth, cost cutting measures, strong pipeline, and far-reaching visibility fell short of reality as Alight's sales team was not equipped to execute in accordance with its management's expectations.

The Alight class action lawsuit alleges that on August 5, 2025, Alight revealed that "deals [are] taking longer to close in the current environment which is temporarily delaying planned growth," resulting in a reduction of Alight's revenue guidance to "$2,282 million to $2,329 million." On this news, the price of Alight common stock fell more than 18%, according to the complaint.

Then, on February 19, 2026, the Alight class action lawsuit alleges that Alight announced its fourth quarter and full year fiscal 2025 results, revealing that "it will replace its cash dividend with more efficient capital allocation activities" and that "[i]n 2025, we did not meet our internal financial targets and new bookings and renewals did not meet our expectations, leading us to miss our forecast to the market." On this news, the price of Alight common stock fell nearly 38%, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Alight common stock during the Class Period to seek appointment as lead plaintiff in the Alight class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Alight investor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Alight shareholder class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Alight class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

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Past results do not guarantee future outcomes.
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Contact:
Robbins Geller Rudman & Dowd LLP
Ken Dolitsky
Michael Albert
655 W. Broadway, Suite 1900, San Diego, CA 92101
800/851-7783
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297206

Source: Robbins Geller Rudman & Dowd LLP

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NEW YORK, May 15, 2026 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Alight, Inc. (NYSE: ALIT).

Shareholders who purchased shares of ALIT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/alight-inc-loss-submission-form/?id=186391&from=3 

CLASS PERIOD: November 12, 2024 to February 18, 2026

ALLEGATIONS: According to the complaint, throughout the class period, defendants announced disappointing results, reduced projections, and multiple goodwill impairments all while remaining confident in their ability to execute, drive growth, and continue to provide a dividend to their shareholders. On August 5, 2025, during Alight’s second quarter earnings report, defendants announced disappointing results and cut their revenue guidance for the year, resetting investor expectations. Defendants highlighted both a slowdown in annual recurring revenue bookings and a worsening decline of project revenue than previously projected. Pertinently, defendants pointed partially to macroeconomic uncertainty, though they had previously minimized such impact in just the prior quarter, as well as insufficient commercial execution. Following this news, the price of Alight’s common stock declined dramatically. From a closing market price of $5.13 per share on August 4, 2025, Alight’s stock price fell to $4.19 per share on August 5, 2025, a decline of about 18.32% in the span of just a single day. On February 19, 2026, Alight announced a significant earnings shortfall against its prior guidance, alongside further shortfalls for bookings and project revenue growth. Alight’s new management noted the Company failed to “meet our internal financial targets and new bookings and renewals did not meet our expectations, leading us to miss our forecast to the market.” They pointed the blame significantly on the individual defendants’ execution and highlighted the new administration would bring “a change in the execution of the company” in order to “driv[e] operational excellence.” The new management further cancelled the dividend, noting there are “more efficient capital allocation activities,” and triggered an earnings shortfall due to “an increase in compensation expense” in order to “promot[e] service quality,” and overall improve sales execution. Following this news, the price of Alight’s common stock declined dramatically. From a closing market price of $1.31 per share on February 18, 2026, Alight’s stock price fell to $0.81 per share on February 19, 2026, a decline of nearly 38% in the span of one day. Notably, the stock had now fallen approximately $6.85, or nearly 90% over the course of the instant class period.

DEADLINE: May 15, 2026 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/alight-inc-loss-submission-form/?id=186391&from=3 

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of ALIT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 15, 2026. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected] 
Phone: (646) 453-8903

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CHICAGO--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading benefits administration provider of health, wealth, and leave solutions, today announced that its Chief Executive Officer, Rohit Verma, will attend the 2nd Annual D.A. Davidson Technology & Consumer Conference on Thursday, June 11, 2026, at the Four Seasons Hotel in Nashville, Tennessee. Mr. Verma will conduct one-on-one meetings with investors throughout the day.

About Alight Solutions

Alight is a leading benefits administration provider of health, wealth, leave and point solutions for many of the world’s largest organizations and over 30 million people. Through the administration of employee benefits, Alight helps clients gain a benefits advantage while building a healthy and financially secure workforce by unifying the benefits ecosystem across health, wealth, wellbeing, absence management and navigation. Our Alight Worklife® platform empowers employers to gain a deeper understanding of their workforce and engage them throughout life’s most important moments with personalized benefits management and data-driven insights, leading to increased employee wellbeing, engagement and productivity. Learn more at alight.com.

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Alight, Inc. (NYSE: ALIT), a leading benefits administration provider of health, wealth, leave solutions, today announced that Stephen A. (Steve) Lasher will j