Company: CNDT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001677703-25-000126
Chunk: 42

Company: CONDUENT Inc
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 authorities around the world with systems, support and revenue-generating solutions serving toll and fare collections as well as mobility and digital payments that help streamline operations and increase revenue to government transportation agencies. With an expanded focus on sustainability and enhancing the quality of life for citizens and communities around the world, the Company's solutions help reduce congestion and greenhouse emissions, while creating seamless travel experiences for consumers throughout transportation ecosystems.Selected financial information for the Company's segments is as follows:Three Months Ended June 30,(in millions)CommercialGovernmentTransportationTotal(1)2025Segment revenue$365 $238 $151 $754 ExpensesWages and benefits$249 $95 $65 $409 Services and supplies50 64 66 180 Rent lease and maintenance expense37 16 13 66 Other operating expense3 3 — 6 Depreciation and amortization expense19 11 7 37 Segment expenses$358 $189 $151 $698 Segment profit (loss)$7 $49 $— $56 2024Segment revenue$388 $245 $141 $774 ExpensesWages and benefits$265 $107 $62 $434 Services and supplies50 71 63 184 Rent lease and maintenance expense36 16 12 64 Other operating expense1 2 1 4 Depreciation and amortization expense22 11 6 39 Segment expenses$374 $207 $144 $725 Segment profit (loss)$14 $38 $(3)$49 __________(1)    Total excludes Divestitures and Unallocated Costs.

CNDT Q2 2025 Form 10-Q12

Six Months Ended June 30,(in millions)CommercialGovernmentTransportationTotal(1)2025Segment revenue$767 $454 $284 $1,505 ExpensesWages and benefits$514 $194 $126 $834 Services and supplies108 125 119 352 Rent lease and maintenance expense76 33 24 133 Other operating expense3 4 2 9 Depreciation and amortization expense43 21 15 79 Segment expenses$744 $377 $286 $1,407 Segment profit (loss)$23 $77 $(2)$98 2024Segment revenue$807 $503 $285