Alight (ALIT)
Market Price (7/8/2026): $19.0 | Market Cap: $10.0 BilSector: Information Technology | Industry: Application Software
Alight (ALIT)
Market Price (7/8/2026): $19.0Market Cap: $10.0 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% Megatrend and thematic driversMegatrends include Cloud Computing, Artificial Intelligence, and Digital Health & Telemedicine. Themes include Software as a Service (SaaS), Show more. | Weak multi-year price returns2Y Excs Rtn is -127%, 3Y Excs Rtn is -163% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg QQuarterly Revenue Change % is -2.6% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -39% Key risksALIT key risks include [1] a substantial debt burden and high leverage and [2] a significant client concentration, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Artificial Intelligence, and Digital Health & Telemedicine. Themes include Software as a Service (SaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -127%, 3Y Excs Rtn is -163% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg QQuarterly Revenue Change % is -2.6% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -39% |
| Key risksALIT key risks include [1] a substantial debt burden and high leverage and [2] a significant client concentration, Show more. |
Qualitative Assessment
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Alight (ALIT) stock has gained about 65% since 3/31/2026 because of the following key factors:
1. Alight exceeded analyst expectations with strong fiscal Q1 2026 earnings.
The company reported earnings per share (EPS) of $0.06 for the first quarter ended March 31, 2026, which was a 50% beat over analysts' consensus estimate of $0.04. Revenue for the quarter also surpassed forecasts, reaching $534 million against an anticipated $502.42 million. This performance demonstrated disciplined execution and contributed positively to investor sentiment.
2. Strategic leadership appointments and a focus on AI initiatives boosted confidence.
Alight made significant leadership changes, including the appointment of Stephen A. Lasher as Chief Financial Officer, effective June 15, 2026. The company also launched several AI-centered initiatives and an enhanced technology strategy during fiscal Q1 2026, aiming to improve customer outcomes and strengthen its market position. These strategic moves signaled a proactive approach to future growth and operational efficiency.
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Alight (ALIT) stock has gained about 65% since 3/31/2026 because of the following key factors:
1. Alight exceeded analyst expectations with strong fiscal Q1 2026 earnings.
The company reported earnings per share (EPS) of $0.06 for the first quarter ended March 31, 2026, which was a 50% beat over analysts' consensus estimate of $0.04. Revenue for the quarter also surpassed forecasts, reaching $534 million against an anticipated $502.42 million. This performance demonstrated disciplined execution and contributed positively to investor sentiment.
2. Strategic leadership appointments and a focus on AI initiatives boosted confidence.
Alight made significant leadership changes, including the appointment of Stephen A. Lasher as Chief Financial Officer, effective June 15, 2026. The company also launched several AI-centered initiatives and an enhanced technology strategy during fiscal Q1 2026, aiming to improve customer outcomes and strengthen its market position. These strategic moves signaled a proactive approach to future growth and operational efficiency.
3. Analyst ratings reflected positive sentiment and high price targets.
Multiple analysts reiterated "Buy" ratings for Alight and issued optimistic price targets. For example, DA Davidson maintained a "Buy" rating and a $2.00 price target on June 22, 2026, indicating substantial upside potential. The consensus analyst rating for Alight is "Buy," with an average price target ranging from $11.36 to $40.00, suggesting a strong belief in the stock's growth trajectory.
4. A 1-for-20 reverse stock split effectively increased the per-share trading price.
Alight executed a 1-for-20 reverse stock split, which became effective on June 30, 2026, with trading on a split-adjusted basis commencing July 1, 2026. This action was primarily undertaken to regain compliance with NYSE listing standards, as the stock's average closing price had fallen below $1.00 per share. While a technical adjustment that does not change overall market capitalization, the reverse split significantly increased the nominal per-share price, improving market perception and maintaining the company's listing.
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Stock Movement Drivers
Fundamental Drivers
The 63.4% change in ALIT stock from 3/31/2026 to 7/7/2026 was primarily driven by a 65.1% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.65 | 19.04 | 63.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,262 | 2,248 | -0.6% |
| P/S Multiple | 2.7 | 4.4 | 65.1% |
| Shares Outstanding (Mil) | 523 | 525 | -0.4% |
| Cumulative Contribution | 63.4% |
Market Drivers
3/31/2026 to 7/7/2026| Return | Correlation | |
|---|---|---|
| ALIT | 63.4% | |
| Market (SPY) | 15.0% | 12.2% |
| Sector (XLK) | 34.8% | 1.4% |
Fundamental Drivers
The -51.2% change in ALIT stock from 12/31/2025 to 7/7/2026 was primarily driven by a -50.5% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 39.00 | 19.04 | -51.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,289 | 2,248 | -1.8% |
| P/S Multiple | 9.0 | 4.4 | -50.5% |
| Shares Outstanding (Mil) | 527 | 525 | 0.3% |
| Cumulative Contribution | -51.2% |
Market Drivers
12/31/2025 to 7/7/2026| Return | Correlation | |
|---|---|---|
| ALIT | -51.2% | |
| Market (SPY) | 9.9% | 15.7% |
| Sector (XLK) | 24.6% | 8.9% |
Fundamental Drivers
The -83.2% change in ALIT stock from 6/30/2025 to 7/7/2026 was primarily driven by a -82.9% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 113.20 | 19.04 | -83.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,321 | 2,248 | -3.1% |
| P/S Multiple | 26.0 | 4.4 | -82.9% |
| Shares Outstanding (Mil) | 532 | 525 | 1.4% |
| Cumulative Contribution | -83.2% |
Market Drivers
6/30/2025 to 7/7/2026| Return | Correlation | |
|---|---|---|
| ALIT | -83.2% | |
| Market (SPY) | 22.0% | 18.5% |
| Sector (XLK) | 42.1% | 10.6% |
Fundamental Drivers
The -89.7% change in ALIT stock from 6/30/2023 to 7/7/2026 was primarily driven by a -89.6% change in the company's P/S Multiple.| (LTM values as of) | 6302023 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 184.80 | 19.04 | -89.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,068 | 2,248 | 8.7% |
| P/S Multiple | 42.5 | 4.4 | -89.6% |
| Shares Outstanding (Mil) | 476 | 525 | -9.3% |
| Cumulative Contribution | -89.7% |
Market Drivers
6/30/2023 to 7/7/2026| Return | Correlation | |
|---|---|---|
| ALIT | -89.7% | |
| Market (SPY) | 74.6% | 32.3% |
| Sector (XLK) | 110.0% | 24.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ALIT Return | 18% | -23% | 2% | -19% | -72% | -57% | -91% |
| Peers Return | 23% | -15% | 8% | 15% | -12% | -14% | -2% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| ALIT Win Rate | 67% | 42% | 58% | 42% | 17% | 43% | |
| Peers Win Rate | 58% | 43% | 50% | 67% | 48% | 43% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| ALIT Max Drawdown | - | -39% | -36% | -37% | -72% | -75% | |
| Peers Max Drawdown | -19% | -31% | -27% | -18% | -26% | -31% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADP, WDAY, PAYX, WTW, PAYC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/7/2026 (YTD)
How Low Can It Go
| Event | ALIT | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -34.2% | -9.5% |
| % Gain to Breakeven | 52.0% | 10.5% |
| Time to Breakeven | 167 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -12.8% | -6.7% |
| % Gain to Breakeven | 14.7% | 7.1% |
| Time to Breakeven | 46 days | 31 days |
In The Past
Alight's stock fell -6.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 6.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | ALIT | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -34.2% | -9.5% |
| % Gain to Breakeven | 52.0% | 10.5% |
| Time to Breakeven | 167 days | 24 days |
In The Past
Alight's stock fell -6.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 6.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Alight (ALIT)
Alight, Inc. (ALIT) is a global cloud-based provider of integrated digital human capital and business solutions. The company's primary objective is to help organizations cultivate high-performance cultures by enabling their employees to enrich their health, wealth, and overall wellbeing through its comprehensive suite of services.
Alight operates through two main segments. Its Employer Solutions segment offers essential services such as integrated benefits administration, healthcare navigation, financial health programs, employee wellbeing initiatives, and payroll processing. Complementing this, the Professional Services segment provides expert cloud deployment and consulting offerings. This includes advisory, deployment, and optimization services for leading human capital and financial cloud platforms like Workday, SAP SuccessFactors, Oracle, and Cornerstone OnDemand.
Essentially, Alight serves businesses worldwide that seek to streamline their HR and financial operations, enhance employee experiences, and optimize their use of major cloud enterprise platforms. By providing both direct employee-facing solutions and strategic cloud consulting, Alight positions itself as a critical partner for organizations aiming to improve their operational efficiency and workforce engagement.
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- Like ADP, but for comprehensive cloud-based employee benefits, healthcare, and wellbeing management.
- Like Accenture, but specialized in implementing and optimizing HR and finance cloud platforms (e.g., Workday, SAP).
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- Benefits Administration: Manages and integrates employee health, wealth, and wellbeing benefits programs.
- Healthcare Navigation: Guides employees through healthcare choices and utilization for optimal outcomes.
- Financial Health Solutions: Provides tools and resources to support employees' financial wellbeing.
- Employee Wellbeing Programs: Offers services designed to enhance the overall physical, mental, and social wellbeing of employees.
- Payroll Services: Administers and processes employee payroll accurately and efficiently.
- Cloud Deployment & Consulting: Delivers advisory, implementation, and optimization services for major human capital and financial cloud platforms.
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Alight (ALIT) sells primarily to other companies. Its cloud-based solutions and professional services are designed for organizations to manage human capital, benefits administration, healthcare navigation, financial health, employee wellbeing, and payroll for their own workforces.
While Alight serves a broad base of large enterprise clients, including approximately 75% of the Fortune 100 and over 50% of the Fortune 500, the company does not publicly disclose the specific names of its major customer companies in its financial filings or investor relations materials. This is typical for B2B service providers with a diversified client portfolio, where no single customer generally accounts for a material portion of the company's total revenue.
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The following are major suppliers for Alight:
- Workday (symbol: WDAY)
- SAP (symbol: SAP)
- Oracle (symbol: ORCL)
- Cornerstone OnDemand
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Rohit Verma is the Chief Executive Officer of Alight, Inc., a role he assumed on January 1, 2026. Prior to joining Alight, Verma served as the president and CEO of Crawford & Company, where he led the organization to four consecutive years of record revenue growth. His experience also includes senior management positions at Zurich North America and consulting roles at McKinsey & Company and Deloitte. Verma brings expertise in finance, strategy, business operations, and mergers and acquisitions. He also serves on the board of directors for Ameritas Holding Company and industry advisory boards for Northwestern University and Georgia Institute of Technology.
Greg Giometti, Interim Chief Financial Officer
Greg Giometti was named Interim Chief Financial Officer of Alight, Inc. effective January 9, 2026. He previously held positions of increasing responsibility within Alight's finance organization since joining in 2020, including Senior Vice President, Head of Financial Planning and Analysis. In this role, he was responsible for management and board financial reporting, annual and long-range planning, and supporting enterprise-wide financial strategy. Before Alight, Giometti gained financial experience at Walgreens Boots Alliance, Paper Source, and BMO.
Allison Bassiouni, Chief Delivery Officer
Allison Bassiouni is the Chief Delivery Officer at Alight, Inc. She is listed as an executive on the company's leadership team.
Deepika Duggirala, Chief Technology Officer
Deepika Duggirala serves as the Chief Technology Officer at Alight, Inc. She is an executive on the leadership team.
Martin Felli, Chief Legal Officer and Corporate Secretary
Martin Felli holds the position of Chief Legal Officer and Corporate Secretary at Alight, Inc. He is a member of the company's executive team.
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Key Risks to Alight (ALIT)
Alight, Inc. (ALIT) faces several significant business risks, primarily stemming from ongoing legal and financial challenges, weak financial health, and intense competition within the human capital management sector.
- Legal and Financial Risks from Securities Fraud Investigations: Alight is currently under investigation by multiple law firms for potential violations of federal securities laws. These probes were triggered by the company's failure to meet its Q4 2025 financial forecasts and allegations of providing materially misleading business information to investors. Such investigations could culminate in class-action lawsuits, resulting in substantial financial penalties, costly litigation, and significant reputational damage, which is expected to exert downward pressure on the company's stock price.
- Weak Financial Health and Declining Performance: The company's financial health is rated as poor, characterized by high debt levels, with a net debt of approximately $2.53 billion as of March 2024. Alight's earnings are reportedly insufficient to cover its interest expenses, indicated by an extremely low interest coverage ratio. An 'F' grade for EPS revisions suggests declining analyst expectations for future earnings, and its Altman Z-Score places the company in a distress zone, signaling a potential risk of bankruptcy. Furthermore, Alight reported a decline in revenue and gross profit margins in Q4 2025, missed its full-year 2025 guidance, and is experiencing customer attrition.
- Intense Competition and Market Share Challenges: Alight operates in a highly competitive market for human capital and business solutions. Its rivals include larger, established players such as ADP, Workday, Paychex, Ceridian, and Oracle PeopleSoft, which offer comprehensive human capital management (HCM) suites. Despite Alight's focus on digital transformation and employee well-being solutions, its market share in the broader HCM category was relatively small at 0.15% as of 2025. This intense competitive landscape, coupled with potential client dependence and integration complexities, poses a continuous challenge to Alight's market position and growth prospects.
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The increasing tendency of major human capital and financial platform providers (such as Workday, SAP SuccessFactors, and Oracle, which Alight lists as platforms it supports) to expand their own managed services and direct client offerings. This strategic shift by the foundational platforms poses a direct threat to Alight's Professional Services segment, which focuses on cloud deployment and consulting for these platforms, and could also compete with elements of Alight's Employer Solutions by offering more integrated "full-stack" services directly to customers.
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Alight, Inc. (ALIT) operates in several large addressable markets for its cloud-based human capital and business solutions.
Employer Solutions
- Integrated Benefits Administration: The global benefits administration service market is estimated to be valued at US$934.7 million in 2025 and is expected to reach US$1,697.7 million by 2032, exhibiting a compound annual growth rate (CAGR) of 8.9% from 2025 to 2032. North America is estimated to lead this market with a 41.2% share in 2025. Additionally, the global benefits administration service market is projected to grow by USD 144.7 billion between 2024 and 2028, with a CAGR of 3.09%.
- Healthcare Navigation: The global healthcare navigation platform market was valued at USD 11.88 billion in 2025 and is projected to reach USD 26.29 billion by 2035, growing at a CAGR of 8.27% from 2026 to 2035. The North America healthcare navigation platform market size accounted for USD 4.34 billion in 2025 and is expected to attain approximately USD 9.82 billion by 2035. North America held the largest market share of 43% in 2025.
- Financial Health and Employee Wellbeing: These solutions are typically part of the broader Human Resource (HR) Technology market. The global HR Technology Market was valued at USD 38.1 billion in 2023 and is projected to grow to USD 84.7 billion by 2032, expanding at a CAGR of 9.3%.
- Payroll: The global payroll services market size is estimated at USD 35.32 billion in 2026 and is projected to reach USD 52.75 billion by 2031, growing at an 8.35% CAGR over 2026-2031. North America contributed 38.12% of the global payroll services market size in 2025. Other estimates place the global payroll services market at USD 73.25 billion in 2025, growing to $75.18 billion in 2026.
Professional Services
- Cloud Deployment and Consulting: The HR Technology Consulting Services Market was estimated at USD 20.5 billion in 2024 and is projected to grow to USD 30.0 billion by 2035, registering a CAGR of 3.52%. This growth is driven by the increasing adoption of AI-powered HR tools, demand for improved employee experience, and the rising need for consulting support in integrating HR platforms with enterprise systems.
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Alight (ALIT) is expected to drive future revenue growth over the next 2-3 years through a strategic focus on its core Employer Solutions segment, significant investments in technology and AI, and an emphasis on expanding its recurring revenue streams.
Here are 3-5 expected drivers of Alight's future revenue growth:
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Strategic Focus on Employee Wellbeing and Benefits (Post-Divestiture): Alight's divestiture of its Payroll and Professional Services business in July 2024 marks a pivotal shift to concentrate on its higher-margin Employer Solutions segment, specifically employee wellbeing and benefits. This strategic pivot is anticipated to enhance recurring revenue from 84% to over 90% and improve the company's margin profile by nearly 300 basis points. The company aims to become a more simplified and focused platform company specializing in employee wellbeing and benefits.
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Innovation and AI Integration within the Alight Worklife Platform: Alight is significantly investing in its cloud-based Alight Worklife platform, integrating artificial intelligence (AI) to drive sustained growth and improve client outcomes. The 2025 releases of the Alight Worklife platform introduce AI-powered recommendations, a 24/7 Interactive Virtual Assistant, and new employer reporting and analytics capabilities, designed to streamline employee benefits interactions and provide valuable insights for employers. The completion of its cloud migration program in 2024 is also expected to enable enhanced performance, increased capacity, and faster innovation for the platform.
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Growth in Annual Recurring Revenue (ARR) Bookings and Client Retention: A key component of Alight's growth strategy is prioritizing client retention and achieving double-digit Annual Recurring Revenue (ARR) bookings growth, with a target of 10%-13% for 2025. The company aims to restore its revenue retention rate to 98% from its current 93.5%. Alight's business model benefits from high recurring revenue, with a significant portion of projected revenue already secured under contract, providing a stable financial foundation.
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Strategic Partnerships: Alight is expanding its service offerings through strategic alliances, such as a new Wealth Solutions relationship with Goldman Sachs Asset Management. The company is also exploring broader collaborations with technology partners to enhance its comprehensive partner ecosystem and meet the evolving needs of clients.
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Share Repurchases
- Alight completed the repurchase of 68,836,333 shares for $349.47 million under a buyback program announced on August 3, 2022.
- In March 2024, the Board of Directors authorized an additional $200 million for share repurchases, increasing the total authorized amount to $248 million.
- The company has stated its intention to replace its cash dividend with more efficient capital allocation activities, prioritizing debt reduction and share repurchases.
Share Issuance
- Alight's share count increased by 5.1% over the last two years as of the fourth quarter of 2025.
- Directors have received Class A common stock as quarterly equity awards in lieu of cash retainers; for instance, 7,051 shares were granted on December 31, 2025.
Outbound Investments
- In March 2024, Alight signed a definitive agreement to sell its Payroll and Professional Services business to an affiliate of H.I.G. Capital for up to $1.2 billion, which closed on July 12, 2024.
- Alight acquired Reed Group, a provider of digital human capital solutions, in December 2022.
- In March 2025, Alight acquired a 215MWp solar park in Denmark from European Energy.
Capital Expenditures
- Alight's capital expenditures were $121 million in 2024, $140 million in 2023, and $131 million in 2022.
- The company plans to invest $100 million in capital expenditures in 2026 to strengthen its business foundations and systems, with a primary focus on operational excellence and the integration of artificial intelligence.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Alight Earnings Notes | 12/16/2025 | |
| Is Alight Stock Built to Withstand More Downside? | 10/17/2025 | |
| ALIT Dip Buy Analysis | 07/10/2025 | |
| Alight (ALIT) Valuation Ratios Comparison | 05/15/2025 | |
| Now Is Not The Time To Buy Alight Stock | 02/28/2025 | |
| Fundamental Metrics: ... | 06/19/2024 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 143.72 |
| Mkt Cap | 32.2 |
| Rev LTM | 8,094 |
| Op Inc LTM | 1,735 |
| FCF LTM | 1,829 |
| FCF 3Y Avg | 1,567 |
| CFO LTM | 2,060 |
| CFO 3Y Avg | 1,780 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.1% |
| Rev Chg 3Y Avg | 7.9% |
| Rev Chg Q | 8.1% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | 9.4% |
| Op Inc Chg 3Y Avg | 12.8% |
| Op Mgn LTM | 24.9% |
| Op Mgn 3Y Avg | 23.9% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 28.7% |
| CFO/Rev 3Y Avg | 26.9% |
| FCF/Rev LTM | 21.7% |
| FCF/Rev 3Y Avg | 19.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2020 |
|---|---|---|---|---|---|
| Employer Solutions | 2,262 | 2,332 | 2,360 | 2,164 | 2,288 |
| Other | 0 | 0 | 26 | 43 | |
| Hosted Business | 72 | ||||
| Professional Services | 368 | ||||
| Total | 2,262 | 2,332 | 2,386 | 2,207 | 2,728 |
| $ Mil | 2022 | 2020 | 2019 |
|---|---|---|---|
| Employer Solutions | 659 | 533 | 554 |
| Professional Services | 1 | 31 | 7 |
| Hosted Business | -1 | 35 | |
| Other | -15 | -36 | -19 |
| Transaction and integration | -19 | ||
| Restructuring | -63 | -77 | -14 |
| Depreciation | -79 | -91 | -68 |
| Share-based compensation | -181 | -5 | -9 |
| Intangible amortization | -316 | -200 | -185 |
| Transformation initiatives | -8 | -22 | |
| Non-recurring professional expenses | -14 | ||
| Total | -14 | 147 | 265 |
| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Other | 0 | 0 | -2 | -1 |
| Employer Solutions | -3,078 | -140 | -315 | -139 |
| Total | -3,078 | -140 | -317 | -140 |
Price Behavior
| Market Price | $19.04 | |
| Market Cap ($ Bil) | 10.0 | |
| First Trading Date | 07/06/2021 | |
| Distance from 52W High | -84.1% | |
| 50 Days | 200 Days | |
| DMA Price | $15.02 | $30.85 |
| DMA Trend | down | up |
| Distance from DMA | 26.7% | -38.3% |
| 3M | 1YR | |
| Volatility | 118.3% | 88.4% |
| Downside Capture | -118.84 | 262.90 |
| Upside Capture | 163.89 | -13.44 |
| Correlation (SPY) | 15.9% | 19.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 124.71 | 86.47 | 48.32 | 30.35 | 19.41 | 5.35 |
| Up Beta | 383.18 | 301.49 | 99.23 | 82.99 | 59.16 | 10.17 |
| Down Beta | 1.61 | 1.11 | 2.97 | 0.86 | 0.96 | 1.28 |
| Up Capture | 18214% | 11787% | 6470% | 3142% | 1135% | 456% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 21 | 34 | 55 | 99 | 319 |
| Down Capture | 319% | 325% | 134% | 223% | 183% | 111% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 12 | 20 | 29 | 68 | 144 | 405 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ALIT | |
|---|---|---|---|---|
| ALIT | -84.2% | 88.2% | -1.66 | - |
| Sector ETF (XLK) | 40.2% | 24.2% | 1.34 | 10.6% |
| Equity (SPY) | 20.7% | 12.5% | 1.22 | 18.4% |
| Gold (GLD) | 23.0% | 27.8% | 0.73 | -0.8% |
| Commodities (DBC) | 22.9% | 18.6% | 0.97 | -5.4% |
| Real Estate (VNQ) | 13.6% | 13.8% | 0.68 | 12.8% |
| Bitcoin (BTCUSD) | -41.8% | 42.8% | -1.14 | 12.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ALIT | |
|---|---|---|---|---|
| ALIT | -36.4% | 55.3% | -0.60 | - |
| Sector ETF (XLK) | 20.4% | 25.5% | 0.71 | 34.2% |
| Equity (SPY) | 13.3% | 17.1% | 0.60 | 40.9% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 2.2% |
| Commodities (DBC) | 7.6% | 19.5% | 0.29 | 7.9% |
| Real Estate (VNQ) | 3.1% | 18.9% | 0.06 | 31.9% |
| Bitcoin (BTCUSD) | 13.2% | 53.5% | 0.43 | 21.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ALIT | |
|---|---|---|---|---|
| ALIT | -20.3% | 55.3% | -0.60 | - |
| Sector ETF (XLK) | 25.1% | 24.8% | 0.92 | 34.2% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 40.9% |
| Gold (GLD) | 11.6% | 16.1% | 0.59 | 2.2% |
| Commodities (DBC) | 6.2% | 18.0% | 0.27 | 7.9% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 31.9% |
| Bitcoin (BTCUSD) | 57.9% | 66.2% | 0.98 | 21.8% |
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Returns Analyses
Earnings Returns History
Updated 6/18/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | 7.3% | -16.7% | -15.0% |
| 2/19/2026 | -38.2% | -39.8% | -49.0% |
| 11/5/2025 | -7.0% | -14.4% | -23.1% |
| 8/5/2025 | -18.3% | -25.1% | -22.8% |
| 5/8/2025 | 7.3% | 11.9% | 5.2% |
| 2/20/2025 | 3.7% | 3.6% | -9.3% |
| 11/12/2024 | 13.4% | 2.8% | -0.7% |
| 8/6/2024 | -5.5% | -0.7% | 5.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 7 | 7 |
| # Negative | 9 | 12 | 12 |
| Median Positive | 7.3% | 7.2% | 5.2% |
| Median Negative | -7.0% | -9.4% | -12.2% |
| Max Positive | 13.4% | 19.3% | 15.2% |
| Max Negative | -38.2% | -39.8% | -49.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | 7.3% | -16.7% | -15.0% |
| 2/19/2026 | -38.2% | -39.8% | -49.0% |
| 11/5/2025 | -7.0% | -14.4% | -23.1% |
| 8/5/2025 | -18.3% | -25.1% | -22.8% |
| 5/8/2025 | 7.3% | 11.9% | 5.2% |
| 2/20/2025 | 3.7% | 3.6% | -9.3% |
| 11/12/2024 | 13.4% | 2.8% | -0.7% |
| 8/6/2024 | -5.5% | -0.7% | 5.7% |
| 5/8/2024 | -16.3% | -19.2% | -18.5% |
| 2/21/2024 | -2.9% | -3.4% | 5.2% |
| 11/1/2023 | 10.5% | 7.2% | 15.2% |
| 8/1/2023 | -11.7% | -12.2% | -19.5% |
| 5/9/2023 | -5.9% | -6.6% | -1.9% |
| 2/21/2023 | 8.8% | 4.3% | -4.6% |
| 11/3/2022 | 6.7% | 19.3% | 14.8% |
| 8/3/2022 | 10.1% | 8.9% | 5.1% |
| 5/9/2022 | -2.6% | -0.6% | 4.7% |
| 2/23/2022 | 0.1% | -1.5% | -1.8% |
| 11/9/2021 | 7.1% | -1.7% | -5.3% |
| SUMMARY STATS | |||
| # Positive | 10 | 7 | 7 |
| # Negative | 9 | 12 | 12 |
| Median Positive | 7.3% | 7.2% | 5.2% |
| Median Negative | -7.0% | -9.4% | -12.2% |
| Max Positive | 13.4% | 19.3% | 15.2% |
| Max Negative | -38.2% | -39.8% | -49.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 03/10/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
Insider Activity
Updated 7/7/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lopes, Robert A JR | Direct | Buy | 3172026 | 0.82 | 30,000 | 24,600 | 96,120 | Form | |
| 2 | Verma, Rohit | Chief Executive Officer | Direct | Buy | 3122026 | 0.89 | 112,000 | 99,680 | 1,010,046 | Form |
| 3 | Verma, Rohit | Chief Executive Officer | Direct | Buy | 2252026 | 0.77 | 100,000 | 77,040 | 788,029 | Form |
| 4 | Rushing, Coretha M | Direct | Buy | 12042025 | 2.25 | 1,018 | 2,288 | 165,715 | Form | |
| 5 | Lopes, Robert A JR | Direct | Buy | 12012025 | 2.39 | 10,000 | 23,899 | 191,594 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lopes, Robert A JR | Direct | Buy | 3172026 | 0.82 | 30,000 | 24,600 | 96,120 | Form | |
| 2 | Verma, Rohit | Chief Executive Officer | Direct | Buy | 3122026 | 0.89 | 112,000 | 99,680 | 1,010,046 | Form |
| 3 | Verma, Rohit | Chief Executive Officer | Direct | Buy | 2252026 | 0.77 | 100,000 | 77,040 | 788,029 | Form |
| 4 | Rushing, Coretha M | Direct | Buy | 12042025 | 2.25 | 1,018 | 2,288 | 165,715 | Form | |
| 5 | Lopes, Robert A JR | Direct | Buy | 12012025 | 2.39 | 10,000 | 23,899 | 191,594 | Form | |
| 6 | Massey, Richard N | Limited Partnership | Buy | 12012025 | 2.33 | 100,000 | 232,500 | 232,500 | Form | |
| 7 | Schriesheim, Robert A | Direct | Buy | 12012025 | 2.38 | 42,098 | 100,189 | 259,718 | Form | |
| 8 | Rajgopal, Kausik | Direct | Buy | 11252025 | 2.24 | 40,000 | 89,596 | 280,440 | Form | |
| 9 | Lopes, Robert A JR | Direct | Buy | 8082025 | 4.40 | 2,000 | 8,799 | 290,165 | Form | |
| 10 | Lopes, Robert A JR | Direct | Buy | 8082025 | 4.40 | 3,000 | 13,200 | 281,384 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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