secwatch.observer — SEC 8-K summary
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Issuer:     Alight, Inc. / Delaware (ALIT)
CIK:        0001809104
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001628280-26-009483
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alight Q4 net loss $933M on $803M goodwill impairment; ends dividend, pivots to buybacks
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- Q4 revenue $653M (-4.0% YoY); full-year revenue $2,262M (-3.0%).
- Q4 net loss $933M vs income $29M; FY net loss $3,078M vs $140M, driven by $3.1B goodwill impairment.
- Q4 adjusted EBITDA $178M (down from $217M); full-year adjusted EBITDA $561M (up from $556M).
- Replaces $0.04/quarter dividend with de-leveraging and share repurchases; $65M bought back in 2025.
- Cash $273M; total debt $2,005M; net debt $1,732M at Dec 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809104/000162828026009483/0001628280-26-009483-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809104/000162828026009483/alit-20260219.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-009483

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