# Alight, Inc. (ALIT)

> Source: Nexqual · https://nexqual.com/ALIT · data as of 2026-11-09 21:00 UTC · cite as "Nexqual, Alight, Inc. (ALIT), nexqual.com/ALIT" · informational, not investment advice.

**Price:** USD 12.65 (-1.63% on the day) · last close of Nov 9, 2026; US market pre market, not a live price. Prev close 12.86 · day 12.1–13.03 · 52w 7.93–49.4 · market cap $472M · NYQ

## Key facts
- Last four reported quarters (through Sep 30, 2026): revenue $2.20B, net income -$1.01B (-46.0% margin), free cash flow $207M (SEC filings).
- Analysts: Hold (mean 3.20 on a 1–5 scale) (5 analysts), mean target USD 16.33 (range 11–22).
- Total return with dividends: 1Y -71.7% vs S&P 500 +11.7%; 5Y -94.1% vs S&P 500 +72.2%.
- Latest earnings report: 2026-11-03 (next date not yet announced).
- Dividend: USD 0.8 paid over the last 12 months, paid annual; latest ex-dividend date 2025-12-01.
- Short interest: 4.69% of float (as of 2026-10-15), 2.5 days to cover.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | — | $2.21B | $2.39B | $2.33B | $2.26B | $2.20B |
| Gross profit | — | $686M | $810M | $794M | $765M | — |
| Operating income | — | -$94.0M | -$81.0M | -$90.0M | -$3.09B | -$873M |
| Net income | -$35.0M | -$62.0M | -$345M | -$157M | -$3.10B | -$1.01B |
| EPS (diluted) | -$1.60 | -$2.80 | -$14.00 | -$5.80 | -$117.40 | — |
| Free cash flow | — | $155M | $246M | $131M | $250M | $207M |
| Gross margin | — | 31.1% | 33.9% | 34.0% | 33.8% | — |
| Operating margin | — | -4.3% | -3.4% | -3.9% | -136.6% | -39.7% |
| Net margin | — | -2.8% | -14.5% | -6.7% | -136.9% | -46.0% |
| Revenue growth | — | — | +8.1% | -2.3% | -3.0% | — |
| Cash + short-term investments | $372M | $228M | $324M | $343M | $273M | — |
| Total debt | $2.87B | $2.82B | $2.79B | $2.02B | $2.00B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Sep 30, 2026)
P/S 0.2x · EV/Sales 1.0x · P/FCF 2.3x · P/B 0.5x · FCF yield 43.85% · Earnings yield -214.35% · Dividends paid in those quarters ÷ market cap 4.66% · Buyback yield (TTM) 0.00% · Net debt $1.78B · EV $2.25B

## Analysts
Consensus Hold (mean 3.20 on a 1–5 scale), 5 analysts; mean target USD 16.33 (low 11, high 22).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-24 | DA Davidson | Target lowered | Buy | $32 → $22 |
| 2026-08-20 | Citigroup | Target lowered | Neutral | $20 → $16 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-11-10) | 5Y (from 2021-11-08) |
|---|---|---|
| Total return | -71.7% | -94.1% |
| S&P 500 (SPY) | +11.7% | +72.2% |
| Per year | -71.8% | -43.1% |
| Volatility (annualized) | 105.6% | 64.3% |
| Max drawdown | -83.2% (Dec 2025→Oct 2026) | -95.8% (Nov 2021→Sep 2026) |

## Dividends
Dividend. Paid over the last 12 months: USD 0.80 in 1 payment (annual).
Most recent ex-dividend date: Dec 1, 2025; payment date: Dec 15, 2025. To receive a dividend, shares must be owned before the ex-dividend date.
| Ex-dividend date | Amount per share |
|---|---|
| 2025-12-01 | USD 0.80 |
| 2025-09-02 | USD 0.80 |
| 2025-06-02 | USD 0.80 |
| 2025-03-03 | USD 0.80 |
| 2024-12-02 | USD 0.80 |
Total by calendar year: 2024 USD 0.80 · 2025 USD 3.20.

## Short interest
1,216,666 shares sold short, 4.69% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 1,020,505 shares (+19.2%). Days to cover: 2.5 (short shares ÷ average daily volume).

## Peers (Software - Application)
YMM (Full Truck Alliance Co. Ltd.) USD 8.97 -2.07% · DUOL (Duolingo, Inc.) USD 154.25 -3.85% · IDCC (InterDigital, Inc.) USD 294.11 +3.10% · TTAN (ServiceTitan, Inc.) USD 82.52 +0.92% · DSGX (The Descartes Systems Group Inc) USD 94.7 +0.76% · APPF (AppFolio, Inc.) USD 229.49 -0.54%

## More
Full page: https://nexqual.com/ALIT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $1.82 | $2.49 | -26.9% | $574.1M | 5 |
| Next quarter (ends 2027-03-31) | $0.89 | $1.01 | -11.5% | $482.7M | 5 |
| Current fiscal year (ends 2026-12-31) | $4.68 | $4.78 | -2.2% | $2.12B | 5 |
| Next fiscal year (ends 2027-12-31) | $4.22 | $5.62 | -25.0% | $1.98B | 4 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Sep 30, 2026 | $0.66 | $0.12 | Beat +450.0% | — |
| — | Quarter ended Jun 30, 2026 | $0.91 | $0.76 | Beat +19.7% | — |
| — | Quarter ended Mar 31, 2026 | $1.20 | $0.88 | Beat +36.4% | — |
| — | Quarter ended Dec 31, 2025 | $3.60 | $4.68 | Miss −23.1% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-11-03 | 10-Q | Quarterly report · period ended Sep 30, 2026 | https://www.sec.gov/Archives/edgar/data/1809104/000162828026069567/0001628280-26-069567-index.htm |
| 2026-11-03 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1809104/000162828026069535/0001628280-26-069535-index.htm |
| 2026-10-14 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1809104/000162828026065893/0001628280-26-065893-index.htm |
| 2026-08-04 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1809104/000162828026052636/0001628280-26-052636-index.htm |
| 2026-08-04 | 8-K | Quarterly results; Director or executive officer change, or pay arrangement — “Modification of Equity Awards Effective August 3, 2026, the Compensation Committee (the "Committee") of the Board of Directors of the Company approved the modification of performance-vesting restricted stock units issued to certain of the Company's named executive officers and other key employees that were issued to such individuals on March 25, 2026 (the "March TVR Awards") under the Company's 2021 Omnibus Plan (the "Plan"). Specifically, the Committee modified the performance criteria to lower the per-share…” | https://www.sec.gov/Archives/edgar/data/1809104/000162828026052572/0001628280-26-052572-index.htm |
| 2026-07-27 | Schedule 13G/A | BlackRock, Inc.: 2.8% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1809104/000201238326002168/0002012383-26-002168-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.