Company: CNDT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001677703-25-000126
Chunk: 58

Company: CONDUENT Inc
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 reputational harm, and regulatory actions—could adversely affect the Company’s financial condition or results of operations. See also Part II, Item 1A (Risk Factors).

Financial Information and Analysis of Results of Operations

Three Months Ended June 30,2025 vs. 2024(in millions)20252024$ Change% ChangeRevenue$754 $828 $(74)(9)%Operating Costs and ExpensesCost of services (excluding depreciation and amortization)617 677 (60)(9)%Selling, general and administrative (excluding depreciation and amortization)100 115 (15)(13)%Research and development (excluding depreciation and amortization)1 1 — — %Depreciation and amortization48 51 (3)(6)%Restructuring and related costs8 8 — — %Interest expense12 19 (7)(37)%(Gain) loss on divestitures and transaction costs, net4 (347)351 n/mLitigation settlements (recoveries), net— 1 (1)n/mLoss on extinguishment of debt— 3 (3)n/mOther (income) expenses, net2 — 2 n/mTotal Operating Costs and Expenses792 528 264 Income (Loss) Before Income Taxes(38)300 (338)Income tax expense (benefit)2 84 (82)Net Income (Loss)$(40)$216 $(256)

CNDT Q2 2025 Form 10-Q24

Six Months Ended June 30,2025 vs. 2024(in millions)20252024$ Change% ChangeRevenue$1,505 $1,749 $(244)(14)%Operating Costs and ExpensesCost of services (excluding depreciation and amortization)1,235 1,412 (177)(13)%Selling, general and administrative (excluding depreciation and amortization)220 231 (11)(5)%Research and development (excluding depreciation and amortization)2 3 (1)(33)%Depreciation and amortization96 113 (17)(15)%Restructuring and related costs12 17 (5)(29)%Interest expense24 46 (22)(48)%(Gain) loss on divestitures and transaction costs, net7 (508)515 n/mLitigation settlements (recoveries), net2 5 (3)(60)%Loss on extinguishment of debt