Alight, Inc.
ALIT Technology Software Application
Alight, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, down 3.00% from fiscal 2024. In the quarter to June 2026, revenue fell 3.22%, EPS grew 99.1%, free cash flow fell 17.2% and total debt was flat, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Alight, Inc. (ALIT) Altman Z-score
Alight, Inc.'s Altman Z-score for fiscal 2025 is −2.64, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −2.64 | (3.41) |
| FY2024 | 0.77 | 0.16 |
| FY2023 | 0.61 | 0.04 |
| FY2022 | 0.57 | (9.18) |
| FY2021 | 9.76 | 6.48 |
| FY2020 | 3.27 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.06 | — | 0.07 | |
| Retained earnings / total assets | (0.82) | — | −1.15 | |
| EBIT / total assets | (0.68) | — | −2.23 | |
| Market value of equity / total liabilities | 0.29 | — | 0.18 | |
| Sales / total assets | 0.50 | — | 0.50 | |
| Altman Z-score | Distress zone | −2.64 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −6.53 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| AZ A2Z Cust2Mate Solutions Corp. compare | 13.9× |
| IMMR Immersion Corporation compare | 2.5× |
| EXFY Expensify, Inc. compare | 1.4× |
| SMRT SmartRent, Inc. compare | 1.1× |
| SVCO Silvaco Group, Inc. compare | 0.1× |
| XPER Xperi Inc. compare | −0.4× |
| RBBN Ribbon Communications Inc. compare | −0.5× |
| ALIT Alight, Inc. | −2.6× |
| BLND Blend Labs, Inc. compare | −8.4× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets