Alight Inc ( (ALIT) ) has released its Q2 earnings. Here is a breakdown of the information Alight Inc presented to its investors.
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Alight Inc., a prominent cloud-based human capital and technology-enabled services provider, specializes in administering employee benefits to enhance workforce wellbeing and productivity. In its second quarter of 2025, Alight reported a revenue of $528 million, with 95% of its projected annual revenue already under contract. The company announced significant partnerships, including a new wealth solutions relationship with Goldman Sachs Asset Management.
The quarter saw a slight revenue decrease of 1.9% compared to the previous year, attributed to lower project revenue and net commercial activity. However, Alight achieved a gross profit of $176 million, with an improved gross profit margin of 33.3%. Despite a substantial net loss of $1,073 million due to a $983 million non-cash goodwill impairment charge, the company reported an adjusted EBITDA increase to $127 million.
Strategic highlights include new or expanded relationships with major companies such as Thermo Fisher Scientific and Highmark Health. Alight also repurchased $20 million of its common stock and declared a $0.04 per share dividend. The partnership with Goldman Sachs Asset Management aims to enhance Alight’s wealth solutions offerings, leveraging their expertise in the retirement space.
Looking ahead, Alight remains optimistic about its operational capabilities and client retention rates, despite refining its top-line forecast due to delayed deal closures. The company projects a revenue range of $2,282 million to $2,329 million for 2025, with an adjusted EBITDA between $620 million and $645 million, and free cash flow of $250 million to $285 million.