Alight, Inc. / Delaware (ALIT) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Professional & Commercial Services · as of Sep 27, 2026
Alight, Inc. / Delaware (ALIT)
A forensic read on Alight, Inc. / Delaware built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-6.8
Distress distance
Clean
Earnings quality
4
Forensic signals
-0.1
P / E (ttm)
-296.6%
ROE
$297M
Market cap
14.82%
Dividend yield
-3.0%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Alight, Inc. / Delaware earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads -6.8, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-70.9%
FY2025
Return on invested capital.Return on invested capital is -70.9% in the latest fiscal year and slipping across FY2023–FY2025 from -0.8%. After-tax operating profit was ($64M) in FY2023 and ($2.4B) in FY2025, with operating income at -3.4% of revenue in FY2023, -3.9% in FY2024 and -136.6% in FY2025. The capital base behind it came down -59% across FY2023–FY2025, from $8.3B to $3.4B, so this return is struck on a smaller base than it started on. FY2023's operating profit carried a $73M restructuring charge that took about 0.7 points off that year's return, and FY2025's carried a $3.1B goodwill write-off and a $55M restructuring charge that took about 73.0 points off the latest; so, net of each other, the two charges take about 72.3 points off the -70.1-point change across FY2023–FY2025. FY2024's operating profit carried a $63M restructuring charge that alone took about 0.7 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it.
+3.8%/yr
FY2023–FY2025
Share-count dilution.Diluted share count changed +8% over the last 2 years to FY2025 (+3.8%/yr). The count is growing — 489.5M shares in FY2023, 527.6M in FY2025: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~3.8% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~7%.
0.8% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 0.8% of revenue and 8% of free cash flow in FY2025 — about $0.04 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 3.8% a year across FY2023–FY2025, and the rate is falling. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$2.26B
Revenue Growth YoY-3.0%
Revenue CAGR (2yr)-2.6%
Net Margin-136.9%
Free Cash Flow$250.0M
Return on Equity-296.6%
Debt / Equity1.92x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Alight, Inc. / Delaware's actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Sep 27, 2026. Forensic signals flag probability, not certainty.
$3.1B
FY2025–FY2025
Goodwill impairments.Took $3.1B of goodwill writedowns across 1 year (FY2025 ($3.1B)). Writedowns mean past acquisitions underperformed what was paid for them.