earnings
confidence high
sentiment negative
materiality 0.75
Alight Q2 revenue $511M, adj EBITDA $92M; Q3 guidance weak; exec equity hurdles lowered
Alight, Inc. / Delaware
- Revenue $511M, down 3.2% YoY; net loss $10M vs $1,073M loss prior year (improvement due to prior year goodwill impairment).
- Adjusted EBITDA $92M vs $127M prior year; Q3 guidance adj EBITDA $55-61M, full year $400-415M.
- Year-to-date cash from operations $152M, free cash flow $101M.
- Compensation committee lowered stock price hurdles for March TVR awards for CEO and other NEOs; new July TVR awards granted (CEO 80k, CFO 87.5k, CHRO 12.5k).
- Reverse stock split 1-for-20 effective June 30, 2026.