Monitor the permanent CFO selection and Q2 results for signs of stabilization. The revenue decline and proxy fight add headwinds; the low-bar EPS beat is unlikely to sustain positive momentum without top-line improvement.
Price Chart
Executive Summary
Alight reported Q1 2026 revenue of $534M, down 2.6% YoY, with adjusted EBITDA of $104M (down 11.9%) and a GAAP net loss of $19M. Adjusted EPS of $0.06 beat the $0.01 consensus, but the top-line decline and multiple operational metrics weakening reinforce a negative trajectory. Separately, the company announced the appointment of Susan Davies as interim CFO following Greg Giometti's departure, adding leadership uncertainty amid an ongoing proxy fight.
Key Financial Metrics
Key Facts
- Revenue decreased 2.6% YoY to $534M (Q1 2026 vs. Q1 2025)
- GAAP net loss from continuing operations widened to $19M from $17M
- Adjusted EBITDA fell to $104M from $118M (margin 19.5% vs. 21.5%)
- Adjusted diluted EPS from continuing operations was $0.06, compared to $0.10 in the prior year
- Free cash flow improved to $53M from $44M
- Interim CFO Susan Davies appointed effective May 8, 2026; permanent CFO search ongoing
- Q2 2026 guidance: revenue $490M-$505M, adjusted EBITDA $80M-$90M
- Company faces proxy contest (see prior DEFA14A filing)
Financial Impact
Revenue declined $14M YoY; adjusted EBITDA down $14M; GAAP net loss widened $2M
Risk Factors
- Continued revenue contraction and margin compression
- Leadership vacuum with interim CFO and ongoing CFO search
- Proxy contest distract management and create uncertainty
- High debt load ($2B total debt) with limited cash ($178M)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-030531 |
| Document: alit-20260430.htm | 0001628280-26-030531 |
| Document: alit-20260331xexx992.htm | 0001628280-26-030531 |
| Document: 0001628280-26-030531-index-headers.html | 0001628280-26-030531 |
| Document: 0001628280-26-030531-index.html | 0001628280-26-030531 |
| Document: 0001628280-26-030531.txt | 0001628280-26-030531 |
| 8-K Data (Synthetic) | 0001628280-26-030531 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | 8-K | $9.22 | awaiting T+60 | — | $8.63 (−6.40%) |
Sep 22, 2026 4w ago | Institutional Cluster | $12.91 | awaiting T+60 | — | $8.63 (−33.15%) |
Jul 1, 2026 16w ago | 8-K | $13.73 $11.28 | ▼ −17.84% | ▼ −20.80% | $8.63 (−37.14%) |
Jun 18, 2026 18w ago | 8-K | $0.5692 $0.5935 | ▲ +4.27% | ▲ +2.84% | $8.63 (+1416.16%) |
Jun 11, 2026 19w ago | Institutional Cluster | $0.6839 $0.6725 | ▼ −1.67% | ▼ −5.49% | $8.63 (+1161.88%) |
Jun 4, 2026 20w ago | 8-K | $14.82 $14.02 | ▼ −5.40% | ▼ −7.28% | $8.63 (−41.77%) |
May 11, 2026 24w ago | 3 | $14.52 $15.59 | ▲ +7.37% | ▲ +2.99% | $8.63 (−40.56%) |
May 5, 2026 24w ago | 8-K | $18.72 $16.98 | ▲ +9.29% | ▲ +11.36% | $8.63 (+53.90%) |
Apr 27, 2026 26w ago | DEFA14A | $14.66 $18.28 | ▲ +24.69% | ▲ +20.70% | $8.63 (−41.13%) |
US Market Status
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