Core Insights - Conduent Incorporated reported mixed financial results for Q4 and full year 2025, with improvements in Government and Transportation segments but challenges in Commercial [2][4] - The company aims to enhance its go-to-market strategy and optimize its operations to capitalize on growth opportunities, particularly through AI and GenAI solutions [2][11] Financial Performance - Q4 2025 revenue was $770 million, a decrease of 3.8% from Q4 2024's $800 million; full year revenue was $3,042 million, down 9.4% from $3,356 million in FY 2024 [2][7] - Adjusted EBITDA for Q4 2025 was $50 million, up 56.3% from $32 million in Q4 2024; full year adjusted EBITDA was $164 million, a 32.3% increase from $124 million in FY 2024 [2][5] - GAAP net loss for Q4 2025 was $(33) million compared to a loss of $(12) million in Q4 2024; full year net loss was $(170) million, a significant decline from a profit of $426 million in FY 2024 [2][4] Operational Highlights - The company maintained a cash balance of $243 million and $223 million in unused credit capacity at the end of 2025 [4] - New business signings for Q4 2025 totaled $152 million, with a full year total of $517 million [7] Strategic Focus - CEO Harsha V. Agadi emphasized the importance of financial discipline, cost reduction, and optimizing the portfolio to drive growth [2][11] - The company is committed to enhancing its sales organization and expanding its solutions within existing clients to improve market penetration [2][11]

Core Insights - Conduent Incorporated reported its Q2 2025 financial results, highlighting progress in Adjusted EBITDA and Adjusted EBITDA margin, with revenue slightly higher sequentially despite an overall year-over-year decline [2][3][4] Financial Performance - Q2 2025 revenue was $754 million, down 8.9% from $828 million in Q2 2024, while Adjusted Revenue decreased by 2.6% to $754 million from $774 million [3][4] - GAAP Net Loss for Q2 2025 was $(40) million compared to a profit of $216 million in Q2 2024, with Adjusted EBITDA increasing by 54.2% to $37 million from $24 million [3][4] - Adjusted EBITDA Margin improved to 4.9%, up 180 basis points from 3.1% in the prior year [3][4] - Cash Flow from Operating Activities improved to $(15) million from $(41) million, and Adjusted Free Cash Flow improved to $(30) million from $(55) million [3][4] Business Developments - New business signings increased year-over-year and sequentially, with an Annual Contract Value (ACV) of $150 million [5][6] - The company is focusing on technology investments and client relationships, particularly in the Transportation segment, which is showing accelerated performance [3][5] - Conduent's liquidity position remains strong, with a $550 million revolving credit facility largely undrawn [5] Strategic Changes - The company is undergoing portfolio rationalization efforts expected to positively impact margins and cash flow, with new leadership bringing industry experience [3][5] - Harsha Agadi has been appointed as the new Chairman of the Board, indicating a strategic pivot towards growth [3][5] Outlook - For FY 2025, Conduent projects Adjusted Revenue between $3.1 billion and $3.2 billion, with an Adjusted EBITDA margin target of 5.0% to 5.5% [8]