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NEW YORK STOCK EXCHANGE, INC. · Professional Services · CIK 0001809104
$9.61
+5.60% · delayed ~15 min
Last price from Oct 22, 2026
$258.9M market value
From Alight, Inc. / Delaware's FY2025 10-K, filed Feb 24, 2026 · read the filing
Alight, / Delaware provides business support services. It took in $2.26B last year, which makes it a mid-sized company. It spends more than it earns — losing about 137 cents on every dollar of sales.
The financial picture is led by accounting, while profitability, growth and debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score -6.53
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Several areas of financial weakness.
From Alight, Inc. / Delaware's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Operating income
-$90.0M → -$3.09B
Profit
-$157.0M → -$3.10B
Operating margin
-3.9% → -136.6%
Profit margin
-6.7% → -136.9%
Measured against FY2024, from the 10-K filed Feb 24, 2026
Deteriorated: $3.00B wider
-$90.0M to -$3.09BCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: $2.94B wider
-$157.0M to -$3.10BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
ALIT rose 5.60% on the latest quote. The S&P 500 moved −1.04%. That is 6.6 points above the market.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to shrink by about 7% a year for the next 10 years. Over the last 3 years it grew by about 17% a year.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $3.10B last year, losing about 137 cents on every dollar of sales.
No. Sales shrank 3.0% last year.
Manageable, but notable. Clearing its debt would take about 4.8 years of cash flow. For every $1 it owes, it owns $1.30 in assets. Its operating profit does not cover its interest bill — -24.33x against the interest it owes. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It paid a dividend while making a loss, so the payment did not come out of profits — it came from reserves, borrowing or asset sales. It paid out 24% of the cash its operations generated.
WeakFigures from the FY2025 annual filing
Last year it lost $3.10B and generated $360.0M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 24, 2026Filing for FY2025 | FY202410-K · Feb 27, 2025Filing for FY2024 | FY202310-K · Feb 27, 2025Filing for FY2023 | FY202210-K · Feb 27, 2025Filing for FY2022 | FY202110-K · Feb 29, 2024Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $2.26B | $2.33B | $2.39B | $2.21B | — | −3.0% |
| Cost of revenue | $1.39B | $1.44B | $1.50B | $1.47B | — | −3.9% |
| Gross profit | $765.0M | $794.0M | $810.0M | $686.0M | — | −3.7% |
| Gross marginGross profit ÷ revenueWhat is this? | 33.8% | 34.0% | 33.9% | 31.1% | — | −0.2 pts |
| Selling, general and administrative | $435.0M | $585.0M | $590.0M | $479.0M | — | −25.6% |
| Operating income | -$3.09B | -$90.0M | -$81.0M | -$94.0M | — | −3333.3% |
| Operating marginOperating income ÷ revenueWhat is this? | -136.6% | -3.9% | -3.4% | -4.3% | — | −132.7 pts |
| Interest expense | $127.0M | $186.0M | $131.0M | $122.0M | — | −31.7% |
| Income before tax | -$3.06B | -$148.0M | -$337.0M | -$124.0M | — | −1968.9% |
| Net income | -$3.10B | -$157.0M | -$345.0M | -$62.0M | -$35.0M | −1872.6% |
| Net marginNet income ÷ revenueWhat is this? | -136.9% | -6.7% | -14.5% | -2.8% | — | −130.2 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-5.87 | $-0.2908 | $-0.7049 | $-0.1352 | $-0.0796 | −1918.6% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Was granted or awarded shares — 1,996 shares at $8.92 ($17.8K)
Holds 66,666 shares after this filing.
Was granted or awarded shares — 3,082 shares at $8.92 ($27.5K)
Holds 27,956 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Made a Regulation FD disclosure
Read the filingQuarterly report for Q2 FY2026
Operating margin +183.5 pts · Operating income $970.0M narrower · Profit $1.06B narrower — against Q2 FY2025
Read the filingWrite down why you are following Alight, Inc. / Delaware, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
Alight to Announce Third Quarter 2026 Results
Yahoo ·
Alight Says Co. Engaged In Discussions With Lenders On Potential Refinancing Or Extension; Not Actively Pursuing Potential Deal With Lenders; Co. Reaffirms 2026 Business Outlook For FY Ending Dec 31, 2026
Benzinga ·
Alight Introduces GLP-1 HRA Solution to Help Employers Manage Access, Affordability and Cost
Yahoo ·
1 of Wall Street’s Favorite Stocks Worth Your Attention and 2 That Underwhelm
Yahoo ·
Better Wellbeing, Bigger Worries: Alight Research Finds Financial Stress and Healthcare Complexity Continue to Challenge Employees
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from ALIT's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 24, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 4.0 | 4/9 | 10-K, filed Feb 24, 2026 |
| FY2024 | 4.0 | 7/9 | 10-K, filed Feb 27, 2025 |
| FY2023 | 5.0 | 5/9 | 10-K, filed Feb 29, 2024 |
| FY2022 | 2.0 | 4/5 | 10-K, filed Mar 1, 2023 |
| FY2021 | 6.0 | 1/2 | 10-K, filed Mar 10, 2022 |
| FY2020 | 4.0 | — | 10-K, filed Mar 10, 2022 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
4 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
-6.53
In the distress zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-6.49
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: −132.8 pts
-3.9% to -136.6%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −130.2 pts
-6.7% to -136.9%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +90.8%
$131.0M to $250.0MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: $5.58 wider
-$0.29 to -$5.87Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Changed: +309.5%
$21.0M to $86.0MCritical
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Deteriorated: -20.4%
$343.0M to $273.0MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -2.3%
539.9M to 527.6MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Changed: -9.1%
$121.0M to $110.0MNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 4, 2026 — read it.
Improved: $970.0M narrower
-$1.01B to -$40.0MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: $1.06B narrower
-$1.07B to -$10.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +183.5 pts
-191.3% to -7.8%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +201.3 pts
-203.2% to -2.0%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: $40.23 narrower
-$40.61 to -$0.38Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -19.3%
$176.0M to $142.0MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −5.5 pts
33.3% to 27.8%Significant
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: -5.3%
$227.0M to $215.0MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 4, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Deteriorated: $18.0M wider
-$22.0M to -$40.0MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: $9.0M narrower
-$19.0M to -$10.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: $0.34 wider
-$0.04 to -$0.38Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: -95.0%
524.7M to 26.4MCritical
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Deteriorated: −3.7 pts
-4.1% to -7.8%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +20.8%
$178.0M to $215.0MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: -9.0%
$156.0M to $142.0MNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −1.4 pts
29.2% to 27.8%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +1.6 pts
-3.6% to -2.0%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
4 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between -9% and -5%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 10 analysts covering this company, as of . Their views, not this site's.
Of 10 analysts publishing on this company, 1 say buy, 5 say hold, 2 say sell and 2 say strong sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 0.2% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
Was granted or awarded shares — 1,471 shares at $8.92 ($13.1K)
Holds 21,815 shares after this filing.
Was granted or awarded shares — 5,605 shares at $8.92 ($50.0K)
Holds 45,444 shares after this filing.
Was granted or awarded shares — 1,541 shares at $8.92 ($13.7K)
Holds 23,833 shares after this filing.
Had shares withheld to cover taxes — 244 shares at $14.89 ($3.6K)
Holds 28,324 shares after this filing.
Had shares withheld to cover taxes — 3,833 shares at $13.80 ($52.9K)
Holds 47,458 shares after this filing.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Had a director or senior officer leave or join · Published results
Signed a material agreement · Changed the rights attached to its shares · Amended its charter or changed its financial year · Reported another event
Read the filingReported another event
Read the filingHeld a shareholder vote
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingQuarterly report for Q1 FY2026
Operating margin −2.7 pts · Operating income $14.0M wider · Dividends paid turned negative — against Q1 FY2025
Read the filingHad a director or senior officer leave or join · Published results · Made a Regulation FD disclosure
Read the filingProxy statement for a shareholder meeting
Read the filingReceived a delisting or listing-standard notice · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2025
Operating margin −132.8 pts · Operating income $3.00B wider · Profit $2.94B wider — against FY2024
Read the filingPublished results · Reported another event
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2025
Operating margin −240.5 pts · Operating income $1.28B wider · Profit $993.0M wider — against Q3 FY2024
Read the filingYahoo ·
Primary sources and further research