ALIT · Alight, Inc.

Alight's Q1 2026 results showed revenue of $534 million, a 2.6% decline from $548 million in the prior year, primarily due to lower net commercial activity offset partially by higher project revenue. Gross profit decreased to $156 million (29.2% margin) from $171 million (31.2% margin), reflecting revenue pressures. Adjusted EBITDA fell to $104 million from $118 million, while net loss from continuing operations improved slightly to $19 million from $17 million. CEO Rohit Verma highlighted solid execution with higher-than-expected revenue, adjusted EBITDA, and free cash flow, strong renewal activity, new recurring revenue, and liquidity over $500 million including $178 million cash. The company launched AI-centered initiatives to enhance health, wealth, and leaves solutions. Cash generation strengthened with operating cash flow at $79 million (up from $73 million) and free cash flow at $53 million (up from $44 million). Balance sheet as of March 31 shows total debt at $2,000 million, net of cash $1,822 million. Q2 guidance projects revenue $490-505 million, adjusted EBITDA $80-90 million, free cash flow $35-45 million. Leadership changes include Susan Davies, current Chief Accounting Officer, as Interim CFO from May 8 with $20,000 monthly pay, continuing her prior role during the permanent CFO search. Dinesh Tulsiani's appointment as President, Employer Solutions from May 1 bolsters strategy execution and innovation.