CONDUENT Inc CNDT

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived Nasdaq

In this Form 10-K, unless the content otherwise dictates, "Conduent", the "Company", "we" or "our" mean Conduent Incorporated and its consolidated subsidiaries.

We deliver digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for our clients and the millions of people who count on them. We leverage cloud computing, artificial intelligence ("AI"), machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 51,000 associates, process expertise and advanced technologies, our solutions and services digitally transform our clients' operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs.

Last close 1.79 2026-10-23
Market cap $278.4M 2026-06-30 share count
52-week range 1.15 - 2.56

Valuation FY2025 figures against the last close

P/S0.1x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-1.14

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Europe
  • Other areas
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 2.5B (83.7%) 84% United States Europe, FY2025: 298M (9.8%) 10% Europe Other areas, FY2025: 199M (6.5%) 7% FY2024 United States, FY2024: 2.9B (86.0%) 86% Europe, FY2024: 291M (8.7%) 9% Other areas, FY2024: 178M (5.3%) 5% FY2023 United States, FY2023: 3.3B (89.4%) 89% Europe, FY2023: 314M (8.4%) 8% Other areas, FY2023: 80M (2.1%)
Region FY2025FY2024FY2023
United States $2.54B $2.89B $3.33B
Europe $298.0M $291.0M $314.0M
Other areas $199.0M $178.0M $80.0M

As the company reported it, from the “Segment Reporting - Geographic Revenue and Assets (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.04B$3.36B$3.72B$3.86B$4.14B$4.16B$4.47B$5.39B$6.02B$6.41B
Cost of revenue $2.49B$2.73B$2.89B$3.02B$3.14B$3.21B$3.49B$4.18B$4.73B$5.17B
Gross profit $552.0M$626.0M$834.0M$840.0M$1.00B$954.0M$973.0M$1.21B$1.04B$910.0M
R&D $4.0M$6.0M$7.0M$7.0M$4.0M$1.0M$8.0M$11.0M$12.0M$31.0M
SG&A $412.0M$455.0M$458.0M$440.0M$544.0M$468.0M$479.0M$560.0M$611.0M$679.0M
Total operating expenses $3.20B$2.85B$4.05B$3.98B$4.17B$4.30B$6.57B$5.79B$6.04B$7.63B
Interest expense $48.0M$75.0M$111.0M$84.0M$55.0M$60.0M$78.0M$112.0M$137.0M$40.0M
Pre-tax income -$160.0M$504.0M-$332.0M-$127.0M-$25.0M-$139.0M-$2.11B-$395.0M-$16.0M-$1.23B
Income tax $10.0M$78.0M$36.0M$55.0M$3.0M$21.0M$172.0M$21.0M$193.0M$244.0M
Net income -$170.0M$426.0M-$296.0M-$182.0M-$28.0M-$118.0M-$1.93B-$416.0M$181.0M-$983.0M
EPS, basic -1.142.28-1.41-0.89-0.18-0.61-9.29-2.060.84-4.85
EPS, diluted -1.142.23-1.41-0.89-0.18-0.61-9.29-2.060.83-4.85
Shares, diluted (wtd. avg.) 158.4M191.1M216.8M215.9M212.7M210.0M209.3M206.1M206.8M202.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $233.0M$366.0M$519.0M$598.0M$420.0M$458.0M$505.0M$765.0M$667.0M$416.0M
Receivables $500.0M$493.0M$559.0M$630.0M$699.0M$670.0M$652.0M$782.0M$1.10B$1.29B
Inventory —————————$41.0M
Total current assets $1.07B$1.25B$1.66B$1.62B$1.68B$1.58B$1.59B$1.96B$2.71B$1.92B
Property, plant and equipment $181.0M$167.0M$197.0M$266.0M$281.0M$305.0M$342.0M$328.0M$257.0M$283.0M
Goodwill $617.0M$609.0M$651.0M$955.0M$1.34B$1.53B$1.50B$3.41B$3.37B$3.89B
Other intangibles $12.0M$14.0M$32.0M$39.0M$52.0M$187.0M$426.0M$651.0M$891.0M$1.14B
Total assets $2.40B$2.60B$3.16B$3.57B$4.04B$4.26B$4.51B$6.68B$7.55B$7.71B
Accounts payable $142.0M$157.0M$174.0M$228.0M$198.0M$182.0M$198.0M$230.0M$138.0M$164.0M
Short-term debt $22.0M$24.0M$34.0M$35.0M$30.0M$90.0M$50.0M$55.0M—$28.0M
Total current liabilities $681.0M$744.0M$868.0M$923.0M$1.02B$1.09B$1.18B$1.20B$1.37B$1.40B
Total liabilities $1.57B$1.61B$2.39B$2.51B$2.76B$2.92B$3.07B$3.32B$3.88B$4.28B
Retained earnings -$2.61B-$2.43B-$2.85B-$2.54B-$2.35B-$2.31B-$2.19B-$233.0M$171.0M$0
Total equity $685.0M$839.0M$633.0M$917.0M$1.13B$1.19B$1.30B$3.22B$3.53B$3.29B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$73.0M-$50.0M$89.0M$144.0M$243.0M$161.0M$132.0M$283.0M$300.0M$95.0M
Depreciation and amortisation $194.0M$204.0M$264.0M$230.0M$352.0M$459.0M$459.0M$460.0M$495.0M$611.0M
Stock-based compensation $19.0M$19.0M$19.0M$21.0M$21.0M$20.0M$24.0M$38.0M$40.0M$23.0M
Capital expenditure $59.0M$28.0M$51.0M$92.0M$80.0M$76.0M$148.0M$179.0M$96.0M$149.0M
Investing cash flow -$28.0M$795.0M-$93.0M$173.0M-$142.0M-$134.0M-$310.0M$460.0M$74.0M$16.0M
Financing cash flow -$39.0M-$877.0M-$81.0M-$131.0M-$132.0M-$74.0M-$85.0M-$637.0M-$124.0M$150.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001677703-26-000049.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2.5B 0 2.5B 5B 7.5B Revenue, FY2016: 6.4B Gross profit, FY2016: 910M Net income, FY2016: -983M Revenue, FY2017: 6B Gross profit, FY2017: 1B Net income, FY2017: 181M Revenue, FY2018: 5.4B Gross profit, FY2018: 1.2B Net income, FY2018: -416M Revenue, FY2019: 4.5B Gross profit, FY2019: 973M Net income, FY2019: -1.9B Revenue, FY2020: 4.2B Gross profit, FY2020: 954M Net income, FY2020: -118M Revenue, FY2021: 4.1B Gross profit, FY2021: 1B Net income, FY2021: -28M Revenue, FY2022: 3.9B Gross profit, FY2022: 840M Net income, FY2022: -182M Revenue, FY2023: 3.7B Gross profit, FY2023: 834M Net income, FY2023: -296M Revenue, FY2024: 3.4B Gross profit, FY2024: 626M Net income, FY2024: 426M Revenue, FY2025: 3B Gross profit, FY2025: 552M Net income, FY2025: -170M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $6.41B $6.02B $5.39B $4.47B $4.16B $4.14B $3.86B $3.72B $3.36B $3.04B
Gross profit $910.0M $1.04B $1.21B $973.0M $954.0M $1.00B $840.0M $834.0M $626.0M $552.0M
Net income -$983.0M $181.0M -$416.0M -$1.93B -$118.0M -$28.0M -$182.0M -$296.0M $426.0M -$170.0M

Recent filings and events

  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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