Filing Flows › Conduent (CNDT) › Q4 2025
Conduent (CNDT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Conduent (CNDT) reported revenue of $770M for the fourth quarter 2025 (Q4 2025), -4% from a year earlier and +0.4% from the quarter before. Operating margin was -3.6%, net loss $33.0M (4.3% of revenue).
Conduent, Q4 2025: revenue $770M (-4% year over year), operating margin -3.6%, net loss $33.0M, operating cash flow $39.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $770M | +0.4% | -4% |
| Operating profit | −$28.0M | — | — |
| Net earnings | −$33.0M | — | — |
| Operating cash flow | $39.0M | — | -5% |
| Free cash flow | $17.0M | — | — |
What changed
Revenue was $770.0M in Q4 2025, down 4% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $28.0M, an operating margin of -3.6%. Total costs fell 10% while revenue fell 4%. The quarter ended with a net loss of $33.0M, narrower than the previous quarter's $46.0M loss.
Operating cash flow was $39.0M (down 5% year over year). Non-cash charges added back $50.0M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $16.0M. After cost of additions to land, buildings and equipment ($15.0M) and cost of additions to internal use software ($7.0M), free cash flow as the company reports it was $17.0M.
Questions
What was Conduent's revenue in the fourth quarter 2025?
Conduent (CNDT) reported revenue of $770M for the fourth quarter 2025 (Q4 2025), -4% from a year earlier and +0.4% from the quarter before.
Was Conduent profitable in the fourth quarter 2025?
Operating loss was $28.0M (-3.6% of revenue) and net loss $33.0M.
Source: Conduent 10-K on SEC EDGAR.