Alight Inc

alight.com

What Do They Do?

Provides employee benefits administration, healthcare navigation, financial wellbeing and leave-management services to employers, including large organizations, public institutions and mid-market businesses.

How Do They Make Money?

Employers pay fees under service contracts, mainly based on a charge per participant for each period; payments are typically due monthly as services are performed. Some contracts also include fixed implementation fees.

FY2025 revenue

Who Are Their Customers?

Alight serves large companies, public institutions and mid-market businesses. Its services support those clients’ employees and families.

Do Revenues Turn Into Profits?

Not on paper. It lost $3.1B in FY2025, but brought in more cash than it spent: $250M of free cash flow.

Operating income, FY2025

−137% of revenue

▲ +3333% (Loss) vs FY2024 (−$90M, −4%)

Net income, FY2025

−137% of revenue

▲ +1873% (Loss) vs FY2024 (−$157M, −7%)

Free cash flow, FY2025

11% of revenue

▲ +91% vs FY2024 ($131M, 6%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −3%; vs $528M in Q2 FY2025
Net income: ▼ −99% (Loss); vs −$1.1B in Q2 FY2025

Jun 4, 2026 Alight appointed Stephen A. Lasher as chief financial officer Lasher’s appointment took effect June 15, 2026.
Mar 27, 2026 Alight received a notice of noncompliance with the NYSE minimum share-price rule The notice did not immediately affect the stock’s NYSE listing or the company’s operations; Alight said it intended to regain compliance.

Payroll and professional services sale The older report included payroll and human capital management offerings, professional-services cloud deployment and consulting, and hosted HR and payroll services. The latest report describes the business around employee benefits and related administration services.

Who Do They Compete With?

Competes with ADP, bswift, Businessolver, Conduent, Empower, Empyrean, Fidelity, HealthEquity, Included Health, Personify, Quantum Health, Sedgwick, Transcarent, Voya, and WTW

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