Every 10-Q that Conduent Incorporated (CNDT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CNDT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CNDT filings page.
Conduent Incorporated reported weaker results for the quarter and six months ended June 30, 2026, with revenue from continuing operations down to $531 million from $603 million for the quarter and $1,118 million from $1,221 million year-to-date, driven by contract losses including its largest Commercial customer and lower volumes. Continuing operations generated a net loss of $69 million for the quarter and $91 million year-to-date, while discontinued Transportation operations added a net loss of $47 million for the quarter, including a $31 million impairment loss on the pending Tolling divestiture, bringing total net loss to $116 million for the quarter and $149 million year-to-date.
Total assets declined to $2,245 million and equity to $526 million, with long-term debt at $697 million and $144 million outstanding under the revolving credit facility as of June 30, 2026, plus an additional $183 million revolver borrowing in July. Operating cash flow improved sharply to near break-even at $(1) million for the first half of 2026 versus $(73) million a year earlier. Conduent agreed to exit its Transportation business via sale of the Public Transit unit for $164 million cash and the Tolling business for $70 million cash plus equity valued at $14 million, reclassifying this segment as discontinued operations.
The company launched a 2026 Restructuring Program estimated to cost $30–$50 million and expected to deliver at least $100 million in annual savings, and continues to emphasize cost optimization, with lower cost of services and SG&A supporting higher segment profit in Government year-to-date. Total new business and renewal signings rose, with six‑month total contract value signings increasing to $1,259 million from $1,080 million, and the new business pipeline reaching $3.0 billion.
Conduent reported a narrower loss for the quarter ended March 31, 2026 as it continued its multi‑year efficiency program. Revenue was $723 million, down 4% from $751 million a year earlier, mainly from lost Commercial contracts and lower volumes, partly offset by new work in Government and Transportation.
Net loss improved to $33 million versus $51 million, with basic and diluted loss per share of $0.23. Cost of services and selling, general and administrative expenses declined, helped by cost optimization and the absence of $25 million in prior‑year cyber event costs. Adjusted EBITDA rose to $49 million from $37 million.
Commercial segment revenue fell 10%, while Government and Transportation grew, supported by new program ramps and price increases. Cash and cash equivalents were $228 million as of March 31, 2026, against $725 million of principal debt, including $520 million of senior notes due 2029 and $144 million drawn on the revolving credit facility. Operating cash outflow improved to $8 million from $58 million. The company highlighted a first Medicaid Suite implementation and automation wins, and reiterated ongoing litigation and January 2025 cyber event matters without new quantified impacts.
Conduent (CNDT) reported Q3 2025 results showing softer top-line and a net loss. Revenue was $767 million versus $807 million a year ago as the company continued its portfolio reshaping. Net loss was $46 million compared with net income of $123 million, and diluted EPS was $(0.30) versus $0.72.
For the first nine months, revenue was $2.27 billion versus $2.56 billion, and net loss was $137 million versus net income of $438 million. Operating cash flow was an outflow of $112 million. Cash and cash equivalents were $248 million, and principal debt totaled $717 million at quarter end.
Segment-wise in Q3, Commercial revenue was $367 million, Government $238 million, and Transportation $162 million. Management recorded $12 million of restructuring and related costs in the quarter. In August, the company amended its credit agreement, repaid Term Loan A, set a $357 million revolving credit facility with staggered maturities, and added a $93 million performance letter of credit facility. As of quarter end, $134 million was drawn on the revolver, with $25 million in letters of credit under the revolver and $82 million under the performance facility.
Conduent Inc. (CNDT) Q2 2025 Form 10-Q highlights
- Revenue: $754 m, down 9% YoY; H1 2025 $1.505 b, –14%.
- Net income: loss $(40) m vs profit $216 m YoY; H1 loss $(91) m vs profit $315 m. Diluted EPS $(0.26) vs $1.07.
- Drivers: volume decline across Commercial (–6%) and Government (–3%); Transportation rose 7%. Prior-year divestiture gains not repeated; $4 m net divestiture loss recorded.
- Margins: Gross margin fell 140 bp to 18.2%. Segment profit rose in Government (to $49 m) and Transportation (breakeven), but Commercial narrowed to $7 m.
- Costs: SG&A down 13% YoY; interest expense cut to $12 m (–37%). Cyber-event direct costs YTD $25 m; $22 m liability accrued.
- Cash & liquidity: Cash $275 m (Dec-24 $366 m); operating cash flow –$73 m. Debt $661 m; no revolver borrowings, $540 m available.
- Balance sheet: equity $777 m; goodwill $617 m; no covenant breaches.
- Outlook items: $1.5 b backlog, 71% realizable within two years; continuing portfolio rationalization and cyber-event remediation. Newly enacted U.S. tax law under evaluation.
Key take-away: Revenue contraction and one-off cyber costs pushed CNDT into a quarterly loss despite cost controls and lower interest; liquidity remains adequate with meaningful revolver headroom.