Every 10-Q that Kyndryl Holdings, Inc. (KD) 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 KD 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 KD filings page.
Kyndryl Holdings reported revenue of $3.9 billion for the quarter ended December 31, 2025, up 3% year over year, helped by favorable currency and growth in Kyndryl Consult and hyperscaler-related services. Net income was $57 million, down from $215 million, mainly because the prior-year period included a large gain on the sale of the Securities Industry Services platform and the current quarter reflects arbitration-related transaction costs.
For the first nine months of the fiscal year, revenue reached $11.3 billion, up 1%, while adjusted EBITDA rose to $1.98 billion from $1.82 billion as cost initiatives improved profitability despite pressure from higher labor costs and longer sales cycles. The company ended the quarter with $1.35 billion in cash and $3.12 billion of total debt, and has been actively returning capital, repurchasing $254 million of stock year to date under a $700 million authorization. Subsequent to quarter-end, it drew $1 billion on its revolving credit facility and agreed to acquire Solvinity Group B.V. for about €100 million, while also disclosing an ongoing SEC inquiry into cash management practices and a newly filed securities class action.
Kyndryl Holdings, Inc. filed an amended quarterly report for the period ended September 30, 2025 to update its conclusions on internal controls. After a review of cash management practices and related controls, the company determined that previously reported disclosure controls and procedures were not effective as of March 31, June 30, and September 30, 2025 due to material weaknesses in internal control over financial reporting.
Management states that, despite these control weaknesses, the consolidated financial statements for the affected periods continue to fairly present the company’s financial position and results in conformity with U.S. GAAP. The amendment primarily revises the controls and procedures section and provides new, currently dated CEO and CFO certifications, while leaving the underlying financial statements and other disclosures from the original report unchanged.
Kyndryl Holdings, Inc. filed an amended quarterly report to update its conclusion on disclosure controls and procedures for the quarter ended June 30, 2025. After a review of cash management practices and related controls, management and the Audit Committee determined that previously identified material weaknesses in internal control over financial reporting remained in place as of March 31 and June 30, 2025, making disclosure controls and procedures ineffective at those dates.
The company states that, despite these control weaknesses, its previously issued consolidated financial statements continue to fairly present its financial position, results of operations and cash flows in conformity with U.S. GAAP. Kyndryl has appointed an Interim Chief Financial Officer, Interim General Counsel and Interim Corporate Controller and outlined a remediation plan, while noting that a sustained period of operation will be needed before it can conclude the weaknesses have been remediated.
Kyndryl Holdings, Inc. reported quarterly results for the period ended September 30, 2025. Revenue was $3,721 million versus $3,774 million a year ago, while net income improved to $68 million from a loss of $43 million. Diluted EPS was $0.29.
Operating performance benefited from lower cost of services and a sharp reduction in other expense year over year. Segment adjusted EBITDA totaled $669 million, up from $579 million. Cash and cash equivalents were $1,331 million; net cash provided by operating activities was $22 million. The company repurchased $151 million of common stock in the first half. Long‑term debt stood at $3,004 million, with no borrowings under the revolving credit facility.
Remaining performance obligations were $34.0 billion; approximately 57% is expected to be recognized as revenue in the next two years and 38% in the subsequent three years. Shares outstanding were 228,564,347 as of October 29, 2025; this is a baseline figure, not the amount being offered.