Conduent Inc Financials
Conduent Inc (CNDT) reported $3.0B in revenue for fiscal year 2025, down 9.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue contraction and weak cash conversion now dominate Conduent’s operating profile, reversing the apparent profitability of FY2024.
The FY2024 earnings rebound did not translate into operating cash: net income was$426M while operating cash flow was-$50M . By FY2025, net income reversed to-$170M and free cash flow reached-$132M , indicating that reported profitability was not a dependable funding source.
Revenue contracted from
Debt-to-equity rose from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Conduent Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Conduent Inc, and counted as zero in the overall score.
Conduent Inc's revenue declined 9.4% year-over-year, from $3.4B to $3.0B. This contraction results in a growth score of 11/100.
Conduent Inc has a moderate D/E ratio of 0.97. This balance of debt and equity financing earns a leverage score of 47/100.
Conduent Inc's current ratio of 1.65 indicates adequate short-term liquidity, earning a score of 47/100. The company can meet its near-term obligations, though with limited headroom.
Conduent Inc's operations used $73.0M of cash, and capex of $59.0M added to the outflow, for a free cash flow shortfall of $132.0M. This results in a cash flow score of 23/100.
Not available for Conduent Inc, and counted as zero in the overall score.
Conduent Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Conduent Inc reported a net loss of $170.0M while operations used $73.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Conduent Inc generated $3.0B in revenue in fiscal year 2025. This represents a decrease of 9.4% from the prior year.
Conduent Inc reported -$170.0M in net income in fiscal year 2025. This represents a decrease of 139.9% from the prior year.
Conduent Inc earned -$1.14 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 151.1% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Conduent Inc recorded an outflow of $132.0M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 69.2% from the prior year.
Conduent Inc held $233.0M in cash against $665.0M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Conduent Inc's gross margin was 18.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the prior year.
Conduent Inc's net profit margin was -5.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 18.3 percentage points from the prior year.
Conduent Inc's ROE was -24.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 75.6 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Conduent Inc invested $4.0M in research and development in fiscal year 2025. This represents a decrease of 33.3% from the prior year.
Conduent Inc spent $25.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 86.3% from the prior year.
Conduent Inc invested $59.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 110.7% from the prior year.
CNDT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9B | $3.0B-9.4% | $3.4B-9.8% | $3.7B-3.5% | $3.9B-6.8% | $4.1B-0.6% | $4.2B-6.8% | $4.5B-17.2% | $5.4B-10.4% | $6.0B-6.0% | $6.4B-3.8% | $6.7B-4.0% | $6.9B |
| Cost of Revenue | $2.4B | $2.5B-8.8% | $2.7B-5.5% | $2.9B-4.3% | $3.0B-3.8% | $3.1B-2.2% | $3.2B-8.2% | $3.5B-16.5% | $4.2B-11.6% | $4.7B-8.6% | $5.2B | N/A | N/A |
| Gross Profit | $537.0M | $552.0M-11.8% | $626.0M-24.9% | $834.0M-0.7% | $840.0M-16.2% | $1.0B+5.0% | $954.0M-2.0% | $973.0M-19.7% | $1.2B+15.9% | $1.0B+14.8% | $910.0M+32.8% | $685.0M | N/A |
| R&D Expenses | $3.0M | $4.0M-33.3% | $6.0M-14.3% | $7.0M0.0% | $7.0M+75.0% | $4.0M+300.0% | $1.0M-87.5% | $8.0M-27.3% | $11.0M-8.3% | $12.0M-61.3% | $31.0M-40.4% | $52.0M+13.0% | $46.0M |
| SG&A Expenses | $373.0M | $412.0M-9.5% | $455.0M-0.7% | $458.0M+4.1% | $440.0M-19.1% | $544.0M+16.2% | $468.0M-2.3% | $479.0M-14.5% | $560.0M-8.3% | $611.0M-10.0% | $679.0M-2.9% | $699.0M+6.1% | $659.0M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $104.0M+40.5% | $74.0M |
| Interest Expense | $49.0M | $48.0M-36.0% | $75.0M-32.4% | $111.0M+32.1% | $84.0M+52.7% | $55.0M-8.3% | $60.0M-23.1% | $78.0M-30.4% | $112.0M-18.2% | $137.0M+242.5% | $40.0M+400.0% | $8.0M-27.3% | $11.0M |
| Income Tax | $34.0M | $10.0M-87.2% | $78.0M+316.7% | -$36.0M-165.5% | $55.0M+1733.3% | $3.0M+114.3% | -$21.0M+87.8% | -$172.0M-919.0% | $21.0M+110.9% | -$193.0M+20.9% | -$244.0M-2.5% | -$238.0M-891.7% | -$24.0M |
| Net Income | -$228.0M | -$170.0M-139.9% | $426.0M+243.9% | -$296.0M-62.6% | -$182.0M-550.0% | -$28.0M+76.3% | -$118.0M+93.9% | -$1.9B-364.9% | -$416.0M-329.8% | $181.0M+118.4% | -$983.0M-137.4% | -$414.0M-411.1% | -$81.0M |
| EPS (Diluted) | — | -$1.14-151.1% | $2.23+258.2% | -$1.41-58.4% | -$0.89-394.4% | -$0.18+70.5% | -$0.61+93.4% | -$9.29-351.0% | -$2.06-348.2% | $0.83+117.1% | -$4.85-137.7% | -$2.04-410.0% | -$0.40 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CNDT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.4B-7.8% | $2.6B-17.8% | $3.2B-11.5% | $3.6B-11.5% | $4.0B-5.2% | $4.3B-5.7% | $4.5B-32.4% | $6.7B-11.5% | $7.5B-2.1% | $7.7B-14.9% | $9.1B | N/A |
| Current Assets | $1.2B-3.8% | $1.3B-24.4% | $1.7B+1.8% | $1.6B-3.3% | $1.7B+6.5% | $1.6B-0.6% | $1.6B-19.2% | $2.0B-27.5% | $2.7B+41.4% | $1.9B+2.3% | $1.9B | N/A |
| Cash & Equivalents | $233.0M-36.3% | $366.0M-26.5% | $498.0M-14.4% | $582.0M+40.2% | $415.0M-7.8% | $450.0M-9.3% | $496.0M-34.4% | $756.0M+14.9% | $658.0M+68.7% | $390.0M+178.6% | $140.0M-11.9% | $159.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $41.0M0.0% | $41.0M | N/A |
| Accounts Receivable | $341.0M-30.8% | $493.0M-11.8% | $559.0M-11.3% | $630.0M-9.9% | $699.0M+4.3% | $670.0M+2.8% | $652.0M-16.6% | $782.0M-29.8% | $1.1B-13.4% | $1.3B+3.2% | $1.2B | N/A |
| Goodwill | $617.0M+1.3% | $609.0M-6.5% | $651.0M-31.8% | $955.0M-28.7% | $1.3B-12.4% | $1.5B+1.7% | $1.5B-55.9% | $3.4B+1.2% | $3.4B-13.4% | $3.9B-20.2% | $4.9B+1.8% | $4.8B |
| Total Liabilities | $1.6B-2.7% | $1.6B-32.4% | $2.4B-5.0% | $2.5B-9.1% | $2.8B-5.5% | $2.9B-4.8% | $3.1B-7.4% | $3.3B-14.5% | $3.9B-9.4% | $4.3B+9.8% | $3.9B | N/A |
| Current Liabilities | $728.0M-2.2% | $744.0M-14.3% | $868.0M-6.0% | $923.0M-10.0% | $1.0B-6.1% | $1.1B-7.2% | $1.2B-1.7% | $1.2B-12.5% | $1.4B-2.4% | $1.4B-48.9% | $2.7B | N/A |
| Long-Term Debt | $665.0M+8.1% | $615.0M-50.7% | $1.2B-2.3% | $1.3B-7.7% | $1.4B-2.6% | $1.4B-3.0% | $1.5B-3.2% | $1.5B-23.6% | $2.0B+3.5% | $1.9B+5070.3% | $37.0M | N/A |
| Total Equity | $685.0M-18.4% | $839.0M+33.4% | $629.0M-31.4% | $917.0M-19.0% | $1.1B-4.9% | $1.2B-8.5% | $1.3B-59.7% | $3.2B-8.7% | $3.5B+7.3% | $3.3B-36.3% | $5.2B | N/A |
| Retained Earnings | -$2.6B-7.4% | -$2.4B+14.6% | -$2.8B-12.0% | -$2.5B-8.2% | -$2.4B-1.6% | -$2.3B-5.9% | -$2.2B-837.8% | -$233.0M-236.3% | $171.0M | $0 | N/A | N/A |
CNDT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.0M | -$73.0M-46.0% | -$50.0M-156.2% | $89.0M-38.2% | $144.0M-40.7% | $243.0M+50.9% | $161.0M+22.0% | $132.0M-53.4% | $283.0M-5.7% | $300.0M+215.8% | $95.0M-80.7% | $493.0M-25.9% | $665.0M |
| Capital Expenditures | $48.0M | $59.0M+110.7% | $28.0M-45.1% | $51.0M-44.6% | $92.0M+15.0% | $80.0M+5.3% | $76.0M-48.6% | $148.0M-17.3% | $179.0M+86.5% | $96.0M-35.6% | $149.0M-6.3% | $159.0M-15.9% | $189.0M |
| Free Cash Flow | -$49.0M | -$132.0M-69.2% | -$78.0M-305.3% | $38.0M-26.9% | $52.0M-68.1% | $163.0M+91.8% | $85.0M+631.3% | -$16.0M-115.4% | $104.0M-49.0% | $204.0M+477.8% | -$54.0M-116.2% | $334.0M-29.8% | $476.0M |
| Investing Cash Flow | -$69.0M | -$28.0M-103.5% | $795.0M+954.8% | -$93.0M-153.8% | $173.0M+221.8% | -$142.0M-6.0% | -$134.0M+56.8% | -$310.0M-167.4% | $460.0M+521.6% | $74.0M | N/A | N/A | N/A |
| Financing Cash Flow | $14.0M | -$39.0M+95.6% | -$877.0M-982.7% | -$81.0M+38.2% | -$131.0M+0.8% | -$132.0M-78.4% | -$74.0M+12.9% | -$85.0M+86.7% | -$637.0M-413.7% | -$124.0M | N/A | N/A | N/A |
| Share Buybacks | N/A | $25.0M-86.3% | $182.0M+574.1% | $27.0M | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CNDT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.1%-0.5pp | 18.6%-3.8pp | 22.4%+0.6pp | 21.8%-2.4pp | 24.2%+1.3pp | 22.9%+1.1pp | 21.8%-0.7pp | 22.5%+5.1pp | 17.3%+3.1pp | 14.2%+3.9pp | 10.3% | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.6%+0.5pp | 1.1% |
| Net Margin | -5.6%-18.3pp | 12.7%+20.6pp | -8.0%-3.2pp | -4.7%-4.0pp | -0.7%+2.1pp | -2.8%+40.5pp | -43.3%-35.6pp | -7.7%-10.7pp | 3.0%+18.4pp | -15.3%-9.1pp | -6.2%-5.0pp | -1.2% |
| Return on Equity | -24.8%-75.6pp | 50.8%+97.8pp | -47.1%-27.2pp | -19.9%-17.4pp | -2.5%+7.4pp | -9.9%+138.8pp | -148.8%-135.9pp | -12.9%-18.0pp | 5.1%+35.0pp | -29.9%-21.9pp | -8.0% | N/A |
| Return on Assets | -7.1%-23.5pp | 16.4%+25.8pp | -9.4%-4.3pp | -5.1%-4.4pp | -0.7%+2.1pp | -2.8%+40.1pp | -42.8%-36.6pp | -6.2%-8.6pp | 2.4%+15.2pp | -12.8%-8.2pp | -4.6% | N/A |
| Current Ratio | 1.650.0x | 1.68-0.2x | 1.91+0.1x | 1.76+0.1x | 1.64+0.2x | 1.44+0.1x | 1.35-0.3x | 1.64-0.3x | 1.98+0.6x | 1.37+0.7x | 0.68 | N/A |
| Debt-to-Equity | 0.97+0.2x | 0.73-1.3x | 1.98+0.6x | 1.39+0.2x | 1.220.0x | 1.19+0.1x | 1.13+0.7x | 0.47-0.1x | 0.560.0x | 0.58+0.6x | 0.01 | N/A |
| FCF Margin | -4.3%-2.0pp | -2.3%-3.3pp | 1.0%-0.3pp | 1.4%-2.6pp | 3.9%+1.9pp | 2.0%+2.4pp | -0.4%-2.3pp | 1.9%-1.5pp | 3.4%+4.2pp | -0.8%-5.8pp | 5.0%-1.8pp | 6.9% |
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Where Conduent Inc Ranks
Frequently Asked Questions
What is Conduent Inc's annual revenue?
Conduent Inc (CNDT) reported $3.0B in total revenue for fiscal year 2025. This represents a -9.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Conduent Inc's revenue growing?
Conduent Inc (CNDT) revenue declined by 9.4% year-over-year, from $3.4B to $3.0B in fiscal year 2025.
Is Conduent Inc profitable?
No, Conduent Inc (CNDT) reported a net income of -$170.0M in fiscal year 2025, with a net profit margin of -5.6%.
How much debt does Conduent Inc have?
As of fiscal year 2025, Conduent Inc (CNDT) had $233.0M in cash and equivalents against $665.0M in long-term debt.
What is Conduent Inc's gross margin?
Conduent Inc (CNDT) had a gross margin of 18.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Conduent Inc's net profit margin?
Conduent Inc (CNDT) had a net profit margin of -5.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Conduent Inc's return on equity (ROE)?
Conduent Inc (CNDT) has a return on equity of -24.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Conduent Inc's free cash flow?
Conduent Inc (CNDT) recorded an outflow of $132.0M in free cash flow during fiscal year 2025. This represents a -69.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Conduent Inc's operating cash flow?
Conduent Inc (CNDT) recorded an outflow of $73.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Conduent Inc's total assets?
Conduent Inc (CNDT) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Conduent Inc's capital expenditures?
Conduent Inc (CNDT) invested $59.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Conduent Inc spend on research and development?
Conduent Inc (CNDT) invested $4.0M in research and development during fiscal year 2025.
What is Conduent Inc's current ratio?
Conduent Inc (CNDT) had a current ratio of 1.65 as of fiscal year 2025, which is generally considered healthy.
What is Conduent Inc's debt-to-equity ratio?
Conduent Inc (CNDT) had a debt-to-equity ratio of 0.97 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Conduent Inc's return on assets (ROA)?
Conduent Inc (CNDT) had a return on assets of -7.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Conduent Inc's cash runway?
Based on fiscal year 2025 data, Conduent Inc (CNDT) had $233.0M in cash against an annual operating cash burn of $73.0M. This gives an estimated cash runway of approximately 38 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Conduent Inc's Piotroski F-Score?
Conduent Inc (CNDT) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Conduent Inc's earnings high quality?
Conduent Inc (CNDT) reported a net loss of $170.0M while operations used $73.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Conduent Inc?
Conduent Inc (CNDT) scores 21 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.