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CNDT

Conduent Incorporated

CNDT

Conduent Incorporated • NASDAQ
$1.94 ▲ 1.04% (+0.02)
Market Cap $311.58 M
52w High $4.90
52w Low $1.72
Dividend Yield 0%
P/E -2.16
Volume 405.93K
Outstanding Shares 160.61M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $767M ▲ $97M ▼ $-46M ▼ -5.997% ▼ $0 ▲ $22M ▼
Q2-2025 $754M ▲ $101M ▼ $-40M ▲ -5.305% ▲ $-0.27 ▲ $34M ▲
Q1-2025 $751M ▼ $130M ▼ $-51M ▼ -6.791% ▼ $-0.33 ▼ $4M ▲
Q4-2024 $800M ▼ $162M ▲ $-12M ▼ -1.5% ▼ $-0.093 ▼ $-22M ▼
Q3-2024 $807M $116M $123M 15.242% $0.76 $37M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $264M ▼ $2.5B ▲ $1.641B ▼ $859M ▲
Q2-2025 $275M ▼ $2.488B ▼ $1.711B ▼ $777M ▼
Q1-2025 $277M ▼ $2.532B ▼ $1.728B ▲ $800M ▼
Q4-2024 $366M ▼ $2.599B ▼ $1.614B ▼ $981M ▼
Q3-2024 $393M $2.841B $1.818B $1.019B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-46M ▼ $-39M ▼ $-21M ▼ $30M ▲ $-30M ▼ $-60M ▼
Q2-2025 $-40M ▲ $-15M ▲ $32M ▲ $-20M ▼ $1M ▲ $-35M ▲
Q1-2025 $-51M ▼ $-58M ▼ $-17M ▼ $-10M ▲ $-84M ▼ $-76M ▼
Q4-2024 $-12M ▼ $41M ▲ $34M ▼ $-96M ▲ $-27M ▼ $52M ▲
Q3-2024 $123M $-13M $208M $-100M $97M $-29M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Commercial Segment
Commercial Segment
 $0 ▲$0 ▲$360.00M ▲$370.00M ▲
Government Segment
Government Segment
 $0 ▲$0 ▲$0 ▲$240.00M ▲
Transportation Segment
Transportation Segment
 $0 ▲$0 ▲$0 ▲$160.00M ▲
Commercial Industries segment
Commercial Industries segment
 $310.00M ▲$400.00M ▲$360.00M ▼$0 ▼
Government services
Government services
 $230.00M ▲$220.00M ▼$240.00M ▲$0 ▼
Transportation Services
Transportation Services
 $120.00M ▲$130.00M ▲$150.00M ▲$0 ▼
Other Operating Segment
Other Operating Segment
 $140.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been drifting down over the past several years, which signals either contract runoff, pricing pressure, or a more focused but smaller portfolio after divestitures. Profitability has been thin, with operating results hovering around break-even. The most recent year shows a notable swing to positive net income despite lower revenue, which likely reflects cost cuts, mix changes, or one‑time gains rather than a clear, broad‑based profit engine. Overall, the income statement tells a story of a business in transition: shrinking top line, fragile margins, and early but not yet firmly established improvement in bottom‑line performance.

Balance Sheet

Balance Sheet The balance sheet has been gradually slimming down as total assets decline, suggesting divestitures and a tighter focus on core activities. Debt has come down meaningfully over time, which reduces financial risk and interest burden. Equity has stayed relatively stable, indicating the company has not been repeatedly recapitalizing or severely eroding its base. Cash levels look adequate but not abundant, so there is some cushion but not a large war chest. In short, the company appears to be de‑risking and simplifying its balance sheet, but on a smaller overall scale than a few years ago.

Cash Flow

Cash Flow Cash generation is a weak spot. Operating cash flow has been modest and recently slipped into slightly negative territory, which means the core business is not consistently throwing off cash. Free cash flow has hovered around break‑even with occasional small deficits, helped by relatively restrained capital spending. This pattern suggests a business that can nearly fund itself but has little room for error or large self‑financed investment. Sustained improvement in operating cash flow will be important to support any growth or further debt reduction without relying heavily on external financing or asset sales.

Competitive Edge

Competitive Edge Conduent operates in business process and technology services where competition is intense and clients are price sensitive, but it has some notable anchors. It runs mission‑critical processes for governments and large enterprises—such as benefits administration, healthcare transactions, and transportation systems—where contracts are long term and switching providers can be painful. This creates some stickiness and recurring revenue. Its scale, long operating history, and diversified end markets add further resilience. The offsetting risk is that the industry faces ongoing pressure from larger global vendors and niche specialists, making it hard to push pricing or grow rapidly without constant innovation and efficiency gains.

Innovation and R&D

Innovation and R&D The company is leaning heavily into artificial intelligence and automation as its main innovation theme. Partnerships like the one with Microsoft’s Azure OpenAI are being used to embed generative AI into healthcare claims, fraud detection, customer service, and government payment platforms. Conduent is also rolling out targeted AI solutions, such as tools to help pharmaceutical companies meet FDA reporting requirements and systems that improve provider data accuracy and document processing. These initiatives aim to increase efficiency, improve client outcomes, and deepen client reliance on Conduent’s platforms. The upside is a potential strengthening of its moat; the risk is execution—turning pilots and proofs of concept into scaled, profitable offerings across its client base.

Summary

Conduent looks like a company in the middle of a strategic reshaping. Revenue has been edging down and profitability has been uneven, but recent results hint at improving earnings even as the business gets smaller. The balance sheet has become lighter and less leveraged, which reduces financial strain but also reflects a narrower footprint. Cash flow is close to self‑funding but not comfortably so, pointing to the need for stronger, more predictable operating performance. Competitively, Conduent benefits from entrenched positions in essential government and enterprise processes, yet operates in a tough, commoditizing industry. Its push into AI‑driven solutions—backed by large‑scale partners and domain expertise—offers a clear strategic direction and potential differentiation. The key questions going forward are whether these innovations can stabilize or re‑ignite growth, and whether they can translate into consistently stronger margins and cash generation without eroding the company’s core client relationships.

NEWS

November 13, 2025 · 9:10 AM UTC

Solutions by Text and Conduent Partner to Modernize Loan Servicing with Integrated, Compliant Text Messaging

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November 7, 2025 · 8:01 AM UTC

Conduent Reports Third Quarter 2025 Financial Results

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November 5, 2025 · 8:45 AM UTC

Conduent Applies GenAI to Revolutionize Detection of Reportable Events and Sets New Standard for FDA Compliance

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October 31, 2025 · 8:45 AM UTC

Conduent Appoints Michael J. Fucci to Board of Directors

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October 30, 2025 · 4:43 PM UTC

DATA BREACH ALERT: Edelson Lechtzin LLP is Investigating Claims on Behalf of Conduent Business Services, LLC Customers Whose Data May Have Been Compromised

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