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Conduent cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$112M in Q3 2026 · −$107M over twelve months

Operating cash flow−$107M
Capital spending−$5.0M
Free cash flow−$112M
Cash conversion cycle46 days

Analysis

In Q3 2026, Conduent generated −$107M of operating cash flow and spent $5.0M on capital projects, leaving free cash flow of −$112M. That is $58.0M less than in Q3 2025 (−$54.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$69.0M; the largest uses were operating cash flow ($69.0M), capital spending ($38.0M), other investing ($19.0M); besides operations, cash came from other financing ($164M); the cash balance rose by $31.0M.

Operating cash flow was −$107M against net income of −$49.0M. The largest differences: receivables −$67.0M, other liabilities +$44.0M, depreciation & amortization +$38.0M.

Its cash conversion cycle was 46 days (receivables 63 + inventory 0 − payables 18).

Free cash flow

Conduent: free cash flow by quarterConduent: free cash flow by quarter$52.0MQ4 2024−$72.0MQ1 2025−$30.0MQ2 2025−$54.0MQ3 2025$24.0MQ4 2025−$17.0MQ1 2026−$2.0MQ2 2026−$112MQ3 2026
Operating cash flow less capital spending.
Conduent: operating cash flow against capital spendingConduent: operating cash flow against capital spendingOperating cash flowCapital spending$41.0M−$11.0MQ4 2024−$58.0M$14.0MQ1 2025−$15.0M$15.0MQ2 2025−$39.0M$15.0MQ3 2025$39.0M$15.0MQ4 2025−$8.0M$9.0MQ1 2026$7.0M$9.0MQ2 2026−$107M$5.0MQ3 2026
Latest (Q3 2026): Operating cash flow −$107M, Capital spending $5.0M.

Capital allocation, year by year

Conduent: where the cash came from (up) and went (down), by fiscal yearConduent: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingBuybacksFY2021: Operating cash flow $243MFY2021: Net borrowing −$110MFY2021: Capital spending −$80.0M$243MFY2021FY2022: Operating cash flow $144MFY2022: Net borrowing −$130MFY2022: Capital spending −$92.0M$144MFY2022FY2023: Operating cash flow $89.0MFY2023: Net borrowing −$57.0MFY2023: Capital spending −$51.0MFY2023: Buybacks −$27.0M$89.0MFY2023FY2024: Operating cash flow −$50.0MFY2024: Net borrowing −$693MFY2024: Capital spending −$28.0MFY2024: Buybacks −$182MFY2024FY2025: Operating cash flow −$73.0MFY2025: Net borrowing −$8.0MFY2025: Capital spending −$59.0MFY2025: Buybacks −$25.0MFY2025
Over these 5 years operating cash flow totalled $353M; the largest uses were net borrowing ($998M) and capital spending ($310M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$292M
Debt$856M
Net debt$564M
Due within a year$191M
Cash runway2.7 years

Conduent is burning cash: its operations consume cash, a free cash flow of −$107M a year at the current rate against $292M of cash and investments: a runway of about 2.7 years; $191M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Where the cash came from and went

Conduent: sources (+) and uses (−) of cash, Q3 2026Conduent: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)$183MOperating cash flow−$107MCash drawn (+) / kept (−)−$55.0MOther financing−$11.0MCapital spending−$5.0MOther investing−$4.0MExchange rates−$1.0M
Conduent: sources (+) and uses (−) of cash, TTM to Q3 2026Conduent: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$164MOperating cash flow−$69.0MCapital spending−$38.0MCash drawn (+) / kept (−)−$31.0MOther investing−$19.0MBuybacks−$5.0MTaxes on employees’ shares−$3.0MExchange rates$1.0M

From profit to cash

Conduent: net income to operating cash flow, Q3 2026Conduent: net income to operating cash flow, Q3 2026Net income−$49.0MDepreciation & amortization$38.0MDeferred taxes−$1.0MReceivables−$67.0MPayables−$37.0MPrepaid and other assets−$16.0MOther liabilities$44.0MOperating cash flow−$107M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202663—1846
Q2 202672—2448
Q1 202652—1834
Q4 202531—1120
Q3 202572—2547
Q2 202571—2645
Q1 202558—2336
Q4 202459—2039

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026−$107M−$5.0M—$183M−$55.0M−$112M
Q2 2026$7.0M−$9.0M——$11.0M−$2.0M
Q1 2026−$8.0M−$9.0M—$35.0M−$8.0M−$17.0M
Q4 2025$39.0M−$15.0M−$5.0M—$21.0M$24.0M
Q3 2025−$39.0M−$15.0M−$13.0M$134M$30.0M−$54.0M
Q2 2025−$15.0M−$15.0M−$7.0M—−$1.0M−$30.0M
Q1 2025−$58.0M−$14.0M——$84.0M−$72.0M
Q4 2024$41.0M$11.0M——$27.0M$52.0M

Conduent: income statement and cash flow

Conduent, Q3 2026: revenue $534M (-12% year over year), operating margin -6.6%. The chart follows the revenue to costs, profit and cash.

Conduent: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.