Earnings summaries and quarterly performance for CONDUENT.
Executive leadership at CONDUENT.
Clifford Skelton
Detailed
President and Chief Executive Officer
CEO
AA
Adam Appleby
Detailed
Executive Vice President, Public Sector Solutions
GA
George Abate
Detailed
Vice President, Principal Accounting Officer
MP
Mark Prout
Detailed
Executive Vice President, Chief Information Officer
MK
Michael Krawitz
Detailed
Executive Vice President, General Counsel and Secretary
SW
Stephen Wood
Detailed
Executive Vice President and Chief Financial Officer
Board of directors at CONDUENT.
Research analysts who have asked questions during CONDUENT earnings calls.
Marc Riddick
Sidoti & Company, LLC
6 questions for CNDT
Also covers: ABM, BBSI, BEEP +14 more
PM
Patrick McCann
Noble Capital Markets
4 questions for CNDT
Also covers: BTM, DRCT, GOCO +3 more
GS
Gowshihan Sriharan
Singular Research
3 questions for CNDT
Also covers: APOG, FTK, III +7 more
PM
Pat McCann
Noble Capital Markets, Inc.
2 questions for CNDT
Also covers: BTBT, CDRO, SKYH +2 more
CS
Chris Sakai
Singular Research
1 question for CNDT
Also covers: AE, FSTR, FTK +6 more
G
Gaucher
Singular Research
1 question for CNDT
GS
Gaushi Sri
Singular Research
1 question for CNDT
GS
Gowshi Sri
Singular Research
1 question for CNDT
Also covers: APOG, HBB, ISSC +1 more
MS
Matt Swoope
Baird
1 question for CNDT
MS
Matt Swope
Robert W. Baird & Co
1 question for CNDT
Also covers: PBI
Recent press releases and 8-K filings for CNDT.
Conduent Reports Q4 and Full Year 2025 Results, New CEO Outlines Strategic Priorities
CNDT
Earnings
CEO Change
New Projects/Investments
- Harsha Agadi has been appointed as the new CEO and, having been in the role for less than 30 days, outlined five key priorities for Conduent's turnaround: moving faster, applying maximum financial discipline, lowering the cost structure, rationalizing the portfolio, and simplifying and strengthening the organization.
- For full year 2025, adjusted revenue was $3.04 billion, a 4.2% decrease compared to $3.18 billion in 2024. Adjusted EBITDA for the year increased to $164 million from $124 million in 2024, with an adjusted EBITDA margin of 5.4%, up 150 basis points year-over-year.
- In Q4 2025, new business ACV was $152 million, marking an 11% increase versus Q4 2024, and the adjusted EBITDA margin reached 6.5%, an improvement of 250 basis points over Q4 2024.
- The company ended 2025 with a net leverage ratio of 2.8x and an adjusted free cash flow of -$130 million for the full year.
- Conduent plans to provide a more comprehensive update, including full year 2026 guidance, with its Q1 financial results in early May.
Feb 12, 2026, 2:00 PM
Conduent Reports Q4 and Full Year 2025 Results, New CEO Outlines Strategic Priorities
CNDT
Earnings
CEO Change
Guidance Update
- Conduent reported full year 2025 adjusted revenue of $3.04 billion, a 4.2% decrease from 2024, while adjusted EBITDA increased to $164 million from $124 million in 2024, with a Q4 adjusted EBITDA margin of 6.5%.
- The company's full year 2025 adjusted free cash flow was -$130 million, though Q4 was positive at $28 million. New CEO Harsha Agadi stated a strong focus on sustainable revenue growth, expanded margins, and strong free cash flow generation, with a commitment to accelerate progress.
- CEO Harsha Agadi outlined key priorities including lowering the cost structure, rationalizing the portfolio (categorizing businesses as fix, sell, or grow), and improving ACV conversion rates, with the qualified ACV pipeline standing at $3.2 billion.
- Approximately 15%-20% of Conduent's business may be exposed to AI disruptors, particularly in the commercial segment, and the company plans to move quickly to address this dynamic threat.
Feb 12, 2026, 2:00 PM
Conduent Reports Q4 and Full Year 2025 Financial Results
CNDT
Earnings
Demand Weakening
- Conduent reported its Q4 and Full Year 2025 financial results, with key metrics detailed in the table below.
- New Business Signings ACV for Q4 2025 reached $152 million, contributing to a full-year total of $517 million.
- The CEO's priorities for the company include increasing speed and accountability, enforcing financial discipline, reducing cost structure, optimizing the portfolio, and converting pipeline to growth.
- As of December 31, 2025, Conduent held $243 million in total cash and had total debt of $629 million, resulting in a net adjusted leverage ratio of 2.8x.
| Metric | Q4 2025 | FY 2025 |
|---|---|---|
| Adj. Revenue ($USD Millions) | 770 | 3,042 |
| Adj. EBITDA ($USD Millions) | 50 | 164 |
| Adj. EBITDA Margin (%) | 6.5 | 5.4 |
Feb 12, 2026, 2:00 PM
Conduent Reports Q4 and Full-Year 2025 Results, New CEO Outlines Strategic Priorities
CNDT
Earnings
CEO Change
Guidance Update
- Conduent reported full-year 2025 adjusted revenue of $3.04 billion, a 4.2% decrease from 2024, while adjusted EBITDA increased to $164 million from $124 million in 2024, resulting in an adjusted EBITDA margin of 5.4%. The company's adjusted free cash flow for full-year 2025 was -$130 million, though Q4 2025 was positive $28 million.
- New CEO Harsha outlined five strategic priorities focused on driving revenue growth, margin expansion, and free cash flow generation; lowering the cost structure; rationalizing the portfolio (categorizing businesses as fix, sell, or grow); improving ACV conversion rates; and simplifying the organization.
- The company's qualified ACV pipeline stands at $3.2 billion, up 4% year-over-year, with full-year 2025 new business ACV at $517 million, up 6% from 2024. The CEO aims for a medium-term EBITDA margin of 8-10%.
- Approximately 15%-20% of Conduent's business may be exposed to AI disruptors, particularly in the commercial segment, and the company plans to partner with AI disruptors and leverage its own AI capabilities to mitigate this risk.
Feb 12, 2026, 2:00 PM
Conduent Reports Fourth Quarter and Full Year 2025 Financial Results
CNDT
Earnings
Demand Weakening
Debt Issuance
- Conduent reported full-year 2025 revenue of $3,042 million and a pre-tax loss of $(160) million, with Adjusted EBITDA margin at 5.4%.
- For Q4 2025, the company posted revenue of $770 million and a pre-tax loss of $(28) million, with Adjusted EBITDA margin of 6.5%.
- New Business Signings ACV for the full year 2025 reached $517 million, including $152 million in Q4 2025.
- The company ended 2025 with a cash balance of $243 million and $223 million in unused capacity under its recently renewed credit facility, while reporting a full-year 2025 Adjusted Free Cash Flow of $(130) million.
- CEO Harsha V. Agadi stated that Q4 and full-year 2025 reflected mixed execution, with improving revenue trends in Government and Transportation segments but a need to strengthen the Commercial segment.
Feb 12, 2026, 1:01 PM
Conduent Appoints New CEO and Independent Board Chair
CNDT
CEO Change
Board Change
Executive Compensation
- Conduent Incorporated appointed Harsha V. Agadi as its new President and Chief Executive Officer, effective January 16, 2026, succeeding Cliff Skelton.
- Mr. Agadi, previously Chairman of the Board, will remain a Board member, while Margarita Pal\u00e1u-Hern\u00e1ndez was appointed independent Chair of the Board.
- Mr. Agadi's compensation package includes an initial annualized base salary of $880,000.00 and eligibility for a target short-term incentive award of 150% of base salary in 2026.
- He will also receive a long-term incentive equity award of 1.7 million stock units (40% RSUs, 60% PSUs), with PSUs tied to stock price goals of $2.50 (25% earned) and $5.00 (100% earned) over a three-year performance period.
Jan 23, 2026, 10:00 PM
Conduent Appoints New CEO and Independent Chair
CNDT
CEO Change
Board Change
Management Change
- Conduent Incorporated has appointed Harsha V. Agadi as its new Chief Executive Officer, effective immediately.
- Mr. Agadi, who previously served as Chairman of Conduent’s Board of Directors, succeeds Cliff Skelton, who stepped down as President, CEO, and a member of the Board.
- Margarita Paláu-Hernández has been appointed independent Chair of the Board, as Mr. Agadi steps down from the Chairman role.
Jan 16, 2026, 9:30 PM
Conduent Reports Q3 2025 Earnings, Updates Full-Year Revenue Guidance
CNDT
Earnings
Guidance Update
Share Buyback
- Conduent reported Q3 2025 adjusted revenue of $767 million, a 1.8% decrease year-over-year, and adjusted EBITDA of $40 million, with a 5.2% margin, up from 4.1% in Q3 2024.
- The company updated its FY 2025 adjusted revenue guidance to between $3.05 billion and $3.1 billion, while maintaining its adjusted EBITDA margin guidance of 5% to 5.5%.
- Adjusted free cash flow was negative $54 million in Q3 2025, primarily impacted by delays in federal government contract approvals and milestone payments due to the government shutdown.
- Conduent repurchased approximately 4.7 million shares at an average price of $2.70 during the quarter and signed $111 million in new business ACV.
Nov 7, 2025, 2:00 PM
Conduent Reports Q3 2025 Results, Updates Full-Year Revenue Guidance
CNDT
Earnings
Guidance Update
Share Buyback
- Conduent reported Q3 2025 adjusted revenue of $767 million, a 1.8% year-over-year decrease, while adjusted EBITDA increased to $40 million from $32 million in Q3 2024, with an adjusted EBITDA margin of 5.2%.
- The company signed $111 million in new business ACV in Q3 2025, consistent with the prior year, and the qualified ACV pipeline remains strong at $3.4 billion, up 9% year-over-year.
- Adjusted free cash flow for Q3 2025 was -$54 million, primarily due to delays in federal government contract approvals and billing for post-implementation phases, which also led to an increase in the net leverage ratio to 3.2x.
- Conduent updated its full-year 2025 adjusted revenue guidance to between $3.05 billion and $3.1 billion, while maintaining the adjusted EBITDA margin range of 5% to 5.5%.
- The company refinanced its revolving credit facility, prepaid its term loan A, and repurchased approximately 4.7 million shares at an average price of $2.70 during the quarter.
Nov 7, 2025, 2:00 PM
CNDT Announces Q3 2025 Results and Updates FY 2025 Outlook
CNDT
Earnings
Guidance Update
Share Buyback
- CNDT reported Adjusted Revenue of $767 million and Adjusted EBITDA of $40 million for Q3 2025, resulting in an Adjusted EBITDA Margin of 5.2%.
- The company updated its FY 2025 outlook, projecting Adjusted Revenue between $3,050 million and $3,100 million and an Adjusted EBITDA Margin of 5.0% to 5.5%.
- As of September 30, 2025, CNDT held $264 million in cash and had a net adjusted leverage ratio of 3.2x.
- During Q3 2025, CNDT successfully refinanced its revolving credit facility and paid off the Term Loan A. The company also repurchased 4.7 million shares in Q3 2025, contributing to 87% of its $1 billion capital target deployed.
Nov 7, 2025, 2:00 PM
Quarterly earnings call transcripts for CONDUENT.
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