Company: CNDT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001677703-25-000076
Chunk: 55

Company: CONDUENT Inc
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 segments: 

•Commercial; 

•Government; and 

•Transportation. 

Divestitures include our BenefitWallet Portfolio and our Casualty Claims Solutions businesses (both of which were reclassified from our Commercial segment) and our Curbside Management and Public Safety Solutions businesses (which was reclassified from our Transportation segment).

Unallocated Costs includes IT infrastructure costs that are shared by multiple reportable segments, enterprise application costs and certain corporate overhead expenses not directly attributable or allocated to our reportable segments.

CNDT Q1 2025 Form 10-Q25

Results of our financial performance were:

Three Months Ended March 31,CommercialGovernmentTransportationDivestituresUnallocated CostsTotal(in millions)Reportable Segments2025Segment revenue$402 $216 $133 $— $— $751 Segment profit (loss)$16 $28 $(2)$— $(78)$(36)Segment depreciation and amortization$24 $10 $8 $— $6 $48 Direct response costs - cyber event$— $— $— $— $25 $25 Adjusted EBITDA$40 $38 $6 $— $(47)$37 % of Total Revenue53.5 %28.8 %17.7 %— %— %100.0 %Adjusted EBITDA Margin10.0 %17.6 %4.5 %— %— %4.9 %2024Segment Revenue$419 $258 $144 $100 $— $921 Segment profit (loss)$19 $42 $(6)$24 $(72)$7 Segment depreciation and amortization$26 $13 $7 $9 $7 $62 Adjusted EBITDA$45 $55 $1 $33 $(65)$69 % of Total Revenue45.5 %28.0 %15.6 %10.9 %— %100.0 %Adjusted EBITDA Margin10.7 %21.3 %0.7 %20.4 %— %7.5 %

(in millions)Three Months Ended March 31,Adjusted EBITDA and Segment Profit (Loss) Reconciliation to Income (Loss) Before Income Taxes20252024Adjusted EBITDA$37 $69