Alight, Inc. (ALIT) Balance Sheet

NYSE: ALITAssets, liabilities, debt and equity over 9 years.

ALIT balance sheet, 2025

December 31, 2025 · U.S. dollars

$4.57B assets = $3.52B liabilities + $1.05B equity

Both columns are drawn to the same scale: what ALIT owns equals what it owes plus shareholders’ equity. Hover a block for its value.

ALIT financial health

Current ratio1.31

Adequate · current assets cover current liabilities 1.31×

Debt / equity2.03

High leverage · $2.03 of debt for each $1 of equity

Equity / assets22.9%

Balanced · of assets funded by shareholders

Cash / debt12.9%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles58.1%

Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

ALIT balance sheet trends, 2017–2025

Alight, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$6.26B2017	$4.57B2025	−3.9%/yr
Total liabilities	$5.37B2017	$3.52B2025	−5.1%/yr
Shareholders’ equity	$887.0M2017	$1.04B2025	+2.1%/yr
Cash & short-term investments	$196.0M2017	$273.0M2025	+4.2%/yr
Total debt	$3.46B2017	$2.12B2025	−5.9%/yr
Net cash (debt)	−$3.26B2017	−$1.85B2025	+$1.4B
Working capital	$309.0M2017	$268.0M2025	−$41.0M
Book value per share	$142.592017	$39.582025	−14.8%/yr
Current ratio	1.182017	1.312025	+0.13
Debt / equity	3.902017	2.032025	−1.87
Shares outstanding	6.2M2017	26.4M2025	+19.8%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

ALIT assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

ALIT liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ALIT debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

ALIT balance sheet

Alight, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash & short-term investments	$273.0M	$343.0M	$358.0M	$250.0M	$372.0M	$506.0M	$218.0M	$220.0M	$196.0M
Cash & equivalents	$273.0M	$343.0M	$358.0M	$250.0M	$372.0M	$506.0M	$218.0M	$220.0M	$196.0M
Receivables	$477.0M	$560.0M	$805.0M	$827.0M	$663.0M	$564.0M	$665.0M	$507.0M	$564.0M
Inventory	$0	$0	−$157.0M	$1.51B	$1.28B	$1.14B	$878.0M	$0	$0
Other current assets	$392.0M	$364.0M	$1.77B	$230.0M	$154.0M	$21.0M	$14.0M	$797.0M	$1.31B
Total current assets	$1.14B	$1.27B	$2.78B	$2.82B	$2.47B	$2.23B	$1.77B	$1.52B	$2.07B
Property, plant & equipment (net)	$378.0M	$396.0M	$439.0M	$406.0M	$356.0M	$463.0M	$418.0M	$230.0M	$151.0M
Goodwill & intangible assets	$2.66B	$6.07B	$7.10B	$7.55B	$7.81B	$3.98B	$4.15B	$3.75B	$3.85B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$392.0M	$463.0M	$470.0M	$462.0M	$355.0M	$284.0M	$247.0M	$175.0M	$187.0M
Total assets	$4.57B	$8.19B	$10.78B	$11.23B	$10.99B	$6.96B	$6.59B	$5.68B	$6.26B
Liabilities
Accounts payable	$253.0M	$355.0M	$444.0M	$508.0M	$406.0M	$394.0M	$405.0M	$341.0M	$325.0M
Short-term debt	$58.0M	$61.0M	$71.0M	$90.0M	$109.0M	$106.0M	$85.0M	$43.0M	$38.0M
Deferred revenue	$112.0M	$91.0M	$148.0M	$141.0M	$148.0M	$148.0M	$218.0M	—	—
Total current liabilities	$874.0M	$892.0M	$2.19B	$2.35B	$2.12B	$1.78B	$1.54B	$1.25B	$1.76B
Long-term debt	$1.99B	$2.00B	$2.77B	$2.79B	$2.83B	$4.04B	$3.77B	$0	$0
Lease obligations	$114.0M	$131.0M	$124.0M	$180.0M	$244.0M	$283.0M	$259.0M	—	—
Other long-term liabilities	$663.0M	$988.0M	$1.08B	$1.01B	$1.10B	$447.0M	$466.0M	$3.62B	$3.61B
Total liabilities	$3.52B	$3.88B	$6.04B	$6.15B	$6.06B	$6.27B	$5.78B	$4.86B	$5.37B
Shareholders' equity
Common stock & paid-in capital	—	—	—	—	—	$852.0M	$854.0M	$815.0M	$872.0M
Retained earnings (deficit)	−$3.76B	−$660.0M	−$503.0M	−$158.0M	−$96.0M	−$127.0M	−$24.0M	—	—
Accumulated other comprehensive income	$20.0M	$47.0M	$71.0M	$95.0M	$8.0M	−$42.0M	−$25.0M	$3.0M	$15.0M
Minority interest	$2.0M	$4.0M	$280.0M	$650.0M	$788.0M	—	—	—	—
Total shareholders' equity	$1.04B	$4.31B	$4.46B	$4.44B	$4.14B	$683.0M	$805.0M	$818.0M	$887.0M
Key figures
Total debt	$2.12B	$2.16B	$2.92B	$3.00B	$3.11B	$4.36B	$4.06B	$3.46B	$3.46B
Net cash (debt)	−$1.85B	−$1.81B	−$2.56B	−$2.75B	−$2.74B	−$3.85B	−$3.84B	−$3.24B	−$3.26B
Working capital	$268.0M	$375.0M	$589.0M	$468.0M	$344.0M	$446.0M	$230.0M	$275.0M	$309.0M
Tangible book value	−$1.61B	−$1.76B	−$2.63B	−$3.11B	−$3.67B	−$3.29B	−$3.34B	−$2.94B	−$2.96B
Book value per share	$39.58	$157.52	$182.32	$193.61	$188.27	$30.57	$36.03	$36.62	$142.59
Shares outstanding	26.4M	27.4M	24.5M	22.9M	22.0M	22.3M	22.3M	22.3M	6.2M
Current ratio	1.31	1.42	1.27	1.20	1.16	1.25	1.15	1.22	1.18
Quick ratio	0.86	1.01	0.53	0.46	0.49	0.60	0.57	0.58	0.43
Debt / equity	2.03	0.50	0.65	0.68	0.75	6.39	5.04	4.23	3.90
Equity / assets	22.9%	52.6%	41.4%	39.5%	37.7%	9.8%	12.2%	14.4%	14.2%

Alight, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$215.0M	$417.0M	$273.0M	$205.0M	$227.0M	$223.0M	$343.0M	$300.0M	$183.0M	$506.0M	$358.0M	$276.0M
Cash & equivalents	$215.0M	$417.0M	$273.0M	$205.0M	$227.0M	$223.0M	$343.0M	$300.0M	$183.0M	$506.0M	$358.0M	$276.0M
Receivables	$376.0M	$411.0M	$477.0M	$426.0M	$452.0M	$495.0M	$560.0M	$487.0M	$423.0M	$459.0M	$805.0M	$713.0M
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	−$157.0M	−$157.0M	$1.32B
Other current assets	$382.0M	$120.0M	$392.0M	$375.0M	$334.0M	$344.0M	$364.0M	$414.0M	$2.84B	$2.79B	$1.72B	$241.0M
Total current assets	$973.0M	$948.0M	$1.14B	$1.01B	$1.01B	$1.06B	$1.27B	$1.20B	$3.44B	$3.60B	$2.73B	$2.55B
Property, plant & equipment (net)	$36.0M	$403.0M	$414.0M	$427.0M	$429.0M	$439.0M	$396.0M	$394.0M	$446.0M	$443.0M	$439.0M	$433.0M
Goodwill & intangible assets	$2.52B	$2.59B	$2.66B	$3.53B	$4.94B	$6.00B	$6.07B	$6.14B	$6.21B	$6.28B	$7.10B	$7.31B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$743.0M	$402.0M	$356.0M	$575.0M	$392.0M	$416.0M	$463.0M	$539.0M	$377.0M	$398.0M	$520.0M	$453.0M
Total assets	$4.27B	$4.34B	$4.57B	$5.54B	$6.78B	$7.91B	$8.19B	$8.27B	$10.47B	$10.71B	$10.78B	$10.75B
Liabilities
Accounts payable	$225.0M	$215.0M	$253.0M	$248.0M	$280.0M	$296.0M	$355.0M	$334.0M	$249.0M	$278.0M	$444.0M	$428.0M
Short-term debt	$40.0M	$60.0M	$58.0M	$58.0M	$58.0M	$58.0M	$61.0M	$63.0M	$373.0M	$75.0M	$71.0M	$77.0M
Deferred revenue	$93.0M	$108.0M	$112.0M	$90.0M	$86.0M	$91.0M	$91.0M	$73.0M	$83.0M	$87.0M	$148.0M	$137.0M
Total current liabilities	$683.0M	$693.0M	$874.0M	$829.0M	$870.0M	$901.0M	$892.0M	$926.0M	$2.52B	$2.31B	$2.19B	$2.08B
Long-term debt	$1.98B	$1.98B	$1.99B	$1.99B	$2.00B	$2.00B	$2.00B	$2.01B	$2.45B	$2.76B	$2.77B	$2.78B
Lease obligations	$112.0M	$114.0M	$114.0M	$123.0M	$127.0M	$130.0M	$131.0M	$130.0M	$143.0M	$152.0M	$124.0M	$136.0M
Other long-term liabilities	$583.0M	$637.0M	$663.0M	$715.0M	$791.0M	$780.0M	$988.0M	$1.01B	$1.03B	$1.11B	$1.08B	$997.0M
Total liabilities	$3.24B	$3.31B	$3.52B	$3.53B	$3.66B	$3.68B	$3.88B	$3.94B	$6.00B	$6.19B	$6.04B	$5.86B
Shareholders' equity
Retained earnings (deficit)	−$3.79B	−$3.78B	−$3.76B	−$2.83B	−$1.76B	−$685.0M	−$660.0M	−$668.0M	−$594.0M	−$617.0M	−$503.0M	−$341.0M
Accumulated other comprehensive income	$18.0M	$19.0M	$20.0M	$30.0M	$34.0M	$39.0M	$47.0M	$48.0M	$65.0M	$75.0M	$71.0M	$96.0M
Minority interest	$2.0M	$2.0M	$2.0M	$2.0M	$3.0M	—	—	—	—	—	—	—
Total shareholders' equity	$1.02B	$1.03B	$1.04B	$2.00B	$3.12B	$4.23B	$4.31B	$4.32B	$4.47B	$4.52B	$4.46B	$4.53B
Key figures
Total debt	$2.06B	$2.11B	$2.12B	$2.13B	$2.14B	$2.15B	$2.16B	$2.16B	$2.92B	$2.94B	$2.92B	$2.94B
Net cash (debt)	−$1.85B	−$1.70B	−$1.85B	−$1.93B	−$1.92B	−$1.93B	−$1.81B	−$1.86B	−$2.74B	−$2.43B	−$2.56B	−$2.66B
Working capital	$290.0M	$255.0M	$268.0M	$177.0M	$143.0M	$161.0M	$375.0M	$275.0M	$926.0M	$1.28B	$539.0M	$465.0M
Tangible book value	−$1.49B	−$1.56B	−$1.61B	−$1.53B	−$1.82B	−$1.77B	−$1.76B	−$1.81B	−$1.73B	−$1.76B	−$2.63B	−$2.79B
Book value per share	$38.86	$39.14	$39.58	$75.77	$118.00	$158.90	$161.36	$161.32	$163.52	$166.76	$179.30	$183.53
Shares outstanding	26.4M	26.2M	26.4M	26.4M	26.4M	26.6M	26.7M	26.8M	27.4M	27.1M	24.9M	24.7M
Current ratio	1.42	1.37	1.31	1.21	1.16	1.18	1.42	1.30	1.37	1.56	1.25	1.22
Quick ratio	0.87	1.19	0.86	0.76	0.78	0.80	1.01	0.85	0.24	0.42	0.53	0.47
Debt / equity	2.01	2.06	2.03	1.07	0.69	0.51	0.50	0.50	0.65	0.65	0.65	0.65
Equity / assets	24.0%	23.7%	22.9%	36.2%	46.0%	53.4%	52.6%	52.3%	42.7%	42.2%	41.4%	42.1%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.

ALIT financial position

At the end of fiscal 2025 (December 31, 2025), Alight had total assets of $4.6 billion (down 44.2% from a year earlier), total liabilities of $3.5 billion and shareholders' equity of $1.0 billion. It held $273.0 million in cash and short-term investments against $2.1 billion of debt, net debt of $1.8 billion. Its current ratio was 1.31. In the latest quarter (ended June 30, 2026) total assets were $4.3 billion and equity $1.0 billion.

Related: ALIT income statement, ALIT cash flow statement, ALIT key metrics. See the ALIT stock overview for the latest quote and news.

ALIT balance sheet FAQ

What are Alight's total assets?

Alight reported total assets of $4.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $8.2 billion a year earlier.

How much debt does Alight have?

Alight had $2.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.03.

How much cash does Alight have?

Alight held $273.0 million in cash and short-term investments at the end of fiscal 2025; with $2.1 billion of debt that is net debt of $1.8 billion.

What is Alight's book value?

Alight's shareholders' equity (book value) was $1.0 billion at the end of fiscal 2025, or $39.58 per share.

What is Alight's current ratio?

Alight had current assets of $1.1 billion and current liabilities of $874.0 million, a current ratio of 1.31 (it can cover its short-term obligations).

How much goodwill does Alight have?

Alight carried $2.7 billion of goodwill and intangible assets, 58.1% of total assets, at the end of fiscal 2025.