Company: CNDT
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001677703-25-000152
Chunk: 8

Company: CONDUENT Inc
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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 Profit (Loss) and Segment Adjusted Earnings before Interest, Taxes, Depreciation and Amortization ("Adjusted EBITDA") for the following three 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.

Results of our financial performance were:

CNDT Q3 2025 Form 10-Q28

Three Months Ended September 30,CommercialGovernmentTransportationDivestituresUnallocated CostsTotal(in millions)Reportable Segments2025Segment revenue$367 $238 $162 $— $— $767 Segment profit (loss)$17 $48 $(3)$— $(70)$(8)Segment depreciation and amortization$20 $13 $7 $— $8 $48 Adjusted EBITDA$37 $61 $4 $— $(62)$40 % of Total Revenue47.9 %31.0 %21.1 %— %— %100.0 %Adjusted EBITDA Margin10.1 %25.6 %2.5 %— %— %5.2 %2024Segment Revenue$385 $255 $141 $26 $— $807 Segment profit (loss)$15 $50 $(6)$3 $(70)$(8)Segment depreciation and amortization$20 $10 $6 $1 $7 $44 Adjusted EBITDA$35 $60 $— $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