Company: KD
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001104659-25-107022
Chunk: 4

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1C
Chunk 4
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Part I - Financial Information

Item 1. Consolidated Financial Statements (Unaudited):

KYNDRYL HOLDINGS, INC.CONSOLIDATED INCOME STATEMENT(In millions, except per share amounts)(Unaudited)

​​​​​​​​​​​​​​​Three Months Ended September 30, ​Six Months Ended September 30, ​    2025    2024    2025    2024Revenues​$ 3,721​$  3,774​$ 7,464​$  7,513​​​​​​​​​​​​​Cost of services​$ 2,920​$  3,024​$ 5,867​$  5,958Selling, general and administrative expenses​​ 659​​ 647​​ 1,305​​ 1,304Workforce rebalancing charges​​ 19​​ 39​​ 44​​ 74Transaction-related costs​​ —​​ —​​ —​​ 21Interest expense​​ 20​​ 25​​ 39​​ 52Other expense​​ 5​​ 44​​ 18​​ 44Total costs and expenses​$ 3,622​$  3,779​$ 7,274​$  7,454​​​​​​​​​​​​​Income (loss) before income taxes​$ 98​$  (5)​$ 190​$  59Provision for income taxes ​$ 30​$  38​$ 66​$  91Net income (loss)​$ 68​$  (43)​$ 124​$  (32)​​​​​​​​​​​​​Basic earnings (loss) per share​$ 0.29​$ (0.19)​$ 0.54​$ (0.14)Diluted earnings (loss) per share​$ 0.29​$ (0.19)​$ 0.52​$ (0.14)​​​​​​​​​​​​​Weighted-average basic shares outstanding​​ 230.6​​ 231.6​​ 230.4​​ 231.1Weighted-average diluted shares outstanding​​ 235.9​​ 231.6​​ 237.5​​ 231.1

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The accompanying notes are an integral part of the financial statements.

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