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Conduent
Conduent (CNDT) investor relations material
Conduent Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
CEO is driving a turnaround with a focus on speed, financial discipline, cost reduction, portfolio rationalization, and organizational simplification.
Adjusted revenue for FY 2025 was $3,042M, down 4.2% year-over-year; Q4 revenue was $770M.
Adjusted EBITDA for FY 2025 was $164M, up 32.3% year-over-year, with margin at 5.4%; Q4 margin was 6.5%.
New business signings (ACV) reached $152M in Q4 and $517M for the year, indicating strong sales activity.
Analyst Day and further strategic details are planned.
Financial highlights
Adjusted revenue declined 4.2% year-over-year, mainly due to lower volumes and lost business, partially offset by new business and higher equipment sales in Transportation.
Adjusted EBITDA increased 32.3% year-over-year, driven by cost optimization, legal cost recovery, and higher margin non-recurring revenue in Commercial.
Adjusted free cash flow for FY 2025 was $(130)M; Q4 free cash flow was $28M.
Capex as a percentage of revenue was 3.4% for the year.
Q4 GAAP net loss was $33M; full-year net loss was $170M, impacted by prior-year divestiture gains.
Outlook and guidance
Full-year 2026 guidance will be provided with Q1 results; management expects continued revenue growth in government and transportation segments.
Focus remains on margin expansion, cost reduction, and consistent revenue growth through improved pipeline execution and portfolio optimization.
Medium-term EBITDA margin target is 8–10%, with a focus on converting EBITDA to positive free cash flow.
Portfolio rationalization and cost actions are expected to accelerate margin and cash flow improvements.
Portfolio rationalization: proceeds and timing?
Commercial segment: specific actions for 2026 growth?
AI strategy: mitigating risk and driving growth?
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Next Conduent earnings date
Q1 20266 May, 2026
Conduent
Next Conduent earnings date
Q1 20266 May, 2026
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Frequently asked questions
Conduent Inc provides business process services and solutions to government and commercial clients. The company offers services in transaction processing, customer experience, and digital platforms for sectors such as healthcare, transportation, and human resources. The company is headquartered in Florham Park, New Jersey, and its shares are listed on the NASDAQ.
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