Alight (ALIT)
Delivers benefits administration, healthcare navigation, and retirement services through a cloud-based Worklife platform.
Something off on this page? Send us feedback.
Provides benefits administration, healthcare navigation, financial wellbeing, and leave management for large US employers through the cloud-based Alight Worklife platform, with revenue earned mostly through recurring per-participant fees. Following a divestiture of its payroll and professional-services businesses, the company now operates as a single segment, Employer Solutions.
Provides integrated benefits administration, healthcare navigation, financial wellbeing, leave-of-absence management, and retiree healthcare for large employers through the cloud-based Alight Worklife platform. Revenue is mostly recurring, billed per participant, blending software with outsourced administrative services.
Clients are concentrated among large US employers, with coverage extending to their employees and dependents. All continuing operations sit within a single reportable segment, Employer Solutions, after the divestiture of its payroll and professional-services businesses.
The business traces to a 2017 carve-out of Aon's benefits-outsourcing division backed by Blackstone, later combined with a special-purpose acquisition company to list on the New York Stock Exchange in 2021 — a lineage that left it with large, long-tenured enterprise contracts. Contract retention among that concentrated client base shapes near-term revenue, and the scope of services administered is set by US health, retirement, and leave regulation.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 2, 2026 | DA Davidson | Reiterate | Rating: —Target: $2 | Target: $40 |
| Jun 22, 2026 | DA Davidson | Reiterate | Rating: —Target: $5 | Target: $2 |
| Feb 20, 2026 | Citigroup | Downgrade | ||
| Feb 19, 2026 | Needham | Downgrade | ||
| Feb 19, 2026 | KeyBanc | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $215.0M · Total debt $2.06B · Total assets $4.27B · Shareholders' equity $1.02B
- Revenue
- $511.0M
- Operating income
- −$40.0M
- Net income
- −$10.0M
HistoryDividendAnnual yield
| Institutions | 68.78% | 18.53M shares | |
|---|---|---|---|
| 198 holders · as of Jun 30, 2026 | |||
| Insiders | 3.67% | 987.7K shares | |
| 23 holders · as of Sep 8, 2026 | |||
| Other | 27.55% | 7.42M shares | |
| remainder | |||
26.94M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
1 position filed across a stock split leaves its adjustment unstated and stays out of the bar.
This company has 4 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Cannae Holdings, Inc.Institution | 7.51% | 40.48M A | as of Jun 30, 2026 |
D. E. Shaw & Co., L.P.Institution | 5.07% | 1.37M | filed Jul 9, 2026 |
D. E. Shaw & Co., Inc.Institution | 4.76% | 25.65M A | as of Jun 30, 2026 |
AQR Capital Management LLCInstitution | 4.64% | 25.00M A | as of Jun 30, 2026 |
Fidelity National Financial, Inc.Institution | 4.14% | 22.30M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 15, 2025 | Kausik Rajgopal | director | +38 | $20.53 |
| Mar 16, 2026 | Robert A. Jr. Lopes | director | +30,000 | $0.8200 |
| Mar 12, 2026 | Rohit Verma | director, officer: Chief Executive Officer | +112,000 | $0.8900 |
| Feb 24, 2026 | Rohit Verma | director, officer: Chief Executive Officer | +100,000 | $0.7704 |
| Dec 2, 2025 | Coretha M. Rushing | director | +1,018 | $2.25 |
- ADP
Enterprise HR outsourcing rival with deep benefits-administration overlap
- Workday
Cloud HCM software rival for benefits enrollment and financial wellbeing
- Marsh McLennan
Mercer's retirement outsourcing and benefits consulting for large employers
- Willis Towers Watson
Large-enterprise benefits consulting and administration rival
- HealthEquity
HSA administration and consumer-directed benefits rival at scale
- WEX
Benefits segment competes on COBRA, commuter and HSA card administration
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alight | $12.73 | −1.70% | $313.7M | — | 2.8 | 0.1 | −3.2% |
| ADP | $269.64 | +0.00% | $107.90B | 24.7 | 22.0 | 4.9 | +6.8% |
| Workday | $188.25 | +0.01% | $50.27B | 38.9 | 15.6 | 4.9 | +12.8% |
| Marsh McLennan | $170.01 | 0.00% | $82.42B | 21.1 | 15.5 | 2.9 | +6.2% |
| Willis Towers Watson | $301.73 | +0.00% | $28.49B | 18.9 | 14.4 | 2.8 | +9.1% |
| HealthEquity | $91.75 | −0.04% | $7.90B | 34.1 | 18.2 | 5.8 | +7.6% |
| WEX | $181.23 | +0.02% | $6.38B | 18.7 | 8.9 | 2.3 | +14.2% |
| Median | 22.9 | 15.5 | 3.9 | +8.4% |