Company: CNDT
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001677703-25-000152
Chunk: 123

Company: CONDUENT Inc
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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 $— $4 $(63)$36 % of Total Revenue47.7 %31.6 %17.5 %3.2 %— %100.0 %Adjusted EBITDA Margin9.1 %23.5 %— %20.4 %— %4.5 %

Nine Months Ended September 30,CommercialGovernmentTransportationDivestituresUnallocated CostsTotal(in millions)Reportable Segments2025Segment revenue$1,134 $692 $446 $— $— $2,272 Segment profit (loss)$40 $125 $(5)$— $(215)$(55)Segment depreciation and amortization$64 $34 $23 $— $23 $144 Direct response costs - cyber event$— $— $— $— $25 $25 Adjusted EBITDA$104 $159 $18 $— $(167)$114 % of Total Revenue49.9 %30.5 %19.6 %— %— %100.0 %Adjusted EBITDA Margin9.2 %23.0 %4.0 %— %— %5.0 %2024Segment Revenue$1,192 $758 $426 $180 $— $2,556 Segment profit (loss)$48 $130 $(15)$35 $(213)$(15)Segment depreciation and amortization$68 $34 $19 $13 $21 $155 Adjusted EBITDA$116 $164 $4 $48 $(192)$140 % of Total Revenue46.6 %29.7 %16.7 %7.0 %— %100.0 %Adjusted EBITDA Margin9.7 %21.6 %0.9 %20.4 %— %5.5 %

CNDT Q3 2025 Form 10-Q29

(in millions)Three Months Ended September 30,Nine Months Ended September 30,Adjusted EBITDA and Segment Profit (Loss) Reconciliation to Income (Loss) Before Income Taxes2025202420252024Adjusted EBITDA$40 $36 $114 $140 Reconciling items:Segment depreciation