Company: CNDT
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001677703-25-000152
Chunk: 32

Company: CONDUENT Inc
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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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 September 30,Nine Months Ended September 30,(in millions, except per share data)2025202420252024Revenue$767 $807 $2,272 $2,556 Operating Costs and ExpensesCost of services (excluding depreciation and amortization)631 656 1,866 2,068 Selling, general and administrative (excluding depreciation and amortization)96 115 316 346 Research and development (excluding depreciation and amortization)1 1 3 4 Depreciation and amortization48 44 144 157 Restructuring and related costs12 4 24 21 Interest expense12 16 36 62 (Gain) loss on divestitures and transaction costs, net1 (188)8 (696)Litigation settlements (recoveries), net— 1 2 6 Loss on extinguishment of debt1 1 1 6 Other (income) expenses, net3 (2)4 (4)Total Operating Costs and Expenses805 648 2,404 1,970 Income (Loss) Before Income Taxes(38)159 (132)586 Income tax expense (benefit)8 36 5 148 Net Income (Loss)$(46)$123 $(137)$438 Net Income (Loss) per Share:Basic$(0.30)$0.75 $(0.90)$2.28 Diluted$(0.30)$0.72 $(0.90)$2.22 

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

CNDT Q3 2025 Form 10-Q3

Table of Contents 

CONDUENT INCORPORATED

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

 Three Months Ended September 30,Nine Months Ended September 30,(in millions)2025202420252024Net Income (Loss)$(46)$123 $(137)$438 Other Comprehensive Income (Loss), Net(1)Currency translation adjustments, net(2)13 31