Company: CNDT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001677703-25-000126
Chunk: 31

Company: CONDUENT Inc
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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Table of Contents 

PART I — FINANCIAL INFORMATION 

ITEM 1 — FINANCIAL STATEMENTS (UNAUDITED)

CONDUENT INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED)  Three Months Ended June 30,Six Months Ended June 30,(in millions, except per share data)2025202420252024Revenue$754 $828 $1,505 $1,749 Operating Costs and ExpensesCost of services (excluding depreciation and amortization)617 677 1,235 1,412 Selling, general and administrative (excluding depreciation and amortization)100 115 220 231 Research and development (excluding depreciation and amortization)1 1 2 3 Depreciation and amortization48 51 96 113 Restructuring and related costs8 8 12 17 Interest expense12 19 24 46 (Gain) loss on divestitures and transaction costs, net4 (347)7 (508)Litigation settlements (recoveries), net— 1 2 5 Loss on extinguishment of debt— 3 — 5 Other (income) expenses, net2 — 1 (2)Total Operating Costs and Expenses792 528 1,599 1,322 Income (Loss) Before Income Taxes(38)300 (94)427 Income tax expense (benefit)2 84 (3)112 Net Income (Loss)$(40)$216 $(91)$315 Net Income (Loss) per Share:Basic$(0.26)$1.10 $(0.59)$1.54 Diluted$(0.26)$1.07 $(0.59)$1.51 

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

CNDT Q2 2025 Form 10-Q3

Table of Contents 

CONDUENT INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)

 Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Net Income (Loss)$(40)$216 $(91)$315 Other Comprehensive Income (Loss), Net(1)Currency translation adjustments, net24 (16)33