Conduent Incorporated announced its fourth quarter and full year 2025 financial results, with Q4 revenue of $770 million and a pre-tax loss of $(28) million. Adjusted EBITDA margin for Q4 was 6.5%, showing an increase from the prior year. The company maintained a cash balance of $243 million and focused on accelerating execution and enforcing financial discipline.
Conduent posted a Q3 2025 net loss of $46M on $767M in revenue. Adjusted EBITDA margin improved to 5.2% as the company delivered on guidance and expanded AI capabilities, despite lower revenue and continued restructuring costs.
Conduent reported a revenue of $754 million for Q2 2025, with a GAAP net loss of $40 million and a diluted EPS of $(0.26). Despite a GAAP loss, the company exceeded expectations for Adjusted EBITDA at $37 million and Adjusted EBITDA margin at 4.9%, showing sequential improvement in revenue and year-over-year improvement in new business signings.
Conduent had a good start to 2025, with results in line with internal expectations and consistent with its 2025 outlook, despite broad uncertainty in the macro-economic landscape. Adjusted EBITDA margins exceeded expectations, and new business signings and Net ARR Activity Metric improved year-over-year.
Conduent reported Q4 and full-year 2024 financial results, showing a decrease in revenue and adjusted EBITDA compared to the previous year. The company focused on portfolio rationalization, completing three divestitures and reducing debt by 50%. While revenue faced timing-related challenges, EBITDA margin remained strong, and the company anticipates meeting expectations in 2025.
Conduent reported its Q3 2024 financial results, with revenue at $807 million and adjusted revenue at $781 million. The company's pre-tax income was $159 million, and the adjusted EBITDA margin was 4.1%. New business signings ACV reached $111 million, and the net ARR activity metric (TTM) was $46 million.
Conduent reported Q2 2024 financial results, with revenue of $828 million. Adjusted Revenue and Adjusted EBITDA exceeded expectations. The company completed the transfer of the BenefitWallet portfolio and prepaid $300 million of the Term Loan B.
Conduent reported revenue of $921 million for Q1 2024, slightly below the previous year. Pre-tax income was $127 million, a significant increase from the prior year's loss. Adjusted EBITDA margin was 7.5%. The company also highlighted the closure of the sale of Curbside Management and Public Safety businesses and expects to finalize the BenefitWallet transaction in May.
Conduent reported a decrease in revenue for Q4 2023, but Adjusted EBITDA and Adjusted EBITDA Margin exceeded expectations. The company is executing a three-year plan focused on growth, rationalization, and improved cash flow generation, with progress made through portfolio divestiture announcements and share repurchases.
Conduent reported Q3 2023 revenue of $932 million and an adjusted EBITDA margin of 9.9%, both exceeding expectations. The company experienced a net loss of $289 million, impacted by a goodwill impairment related to the BenefitWallet agreement. Despite macroeconomic challenges in the Commercial sector, the Government and Transportation segments provided offset advantages.
Conduent's Q2 2023 revenue was $915 million. The company signed a $1 billion TCV deal with the State of Victoria, Australia. The company is the first BPO provider to process transactions through the US Federal Reserve’s FedNowSM Service.
Conduent reported Q1 2023 results with revenue of $922 million and an adjusted EBITDA margin of 9.8%. While revenue and EBITDA met expectations, sales were lower year-over-year due to the timing of large deals. The company is optimistic about full-year 2023 sales, with a strong pipeline across all segments.
Conduent's Q4 2022 revenue was $986 million. The company's results were consistent with expectations despite economic uncertainty. Annual Contract Value sales were up considerably, particularly in the Government Healthcare business.
Conduent reported Q3 2022 results consistent with expectations, with revenue of $977 million and pre-tax income of $23 million. The company saw a strong sales quarter with new business ACV of $191 million and is focused on improvements in sales, operations, and technology performance.
Conduent reported a decline in adjusted revenue and adjusted EBITDA for Q2 2022. The revenue decrease was primarily driven by lower non-recurring stimulus payments in the Government Services segment, unfavorable exchange rate movements, and lost business from prior years. The decline in adjusted EBITDA was attributed to the impact of lower government stimulus and lost business from prior years.
Conduent's Q1 2022 results revealed a decrease in revenue compared to the previous year, primarily due to lower non-recurring stimulus payments in the Government Services sector. However, net income saw a substantial increase, boosted by gains from the sale of the Midas divestiture and insurance recoveries. New business sales demonstrated strong growth, particularly in the Transportation segment.
Conduent's Q4 2021 revenue was $1,048 million, a slight decrease compared to the previous year. The Net ARR Activity Metric was strong at $128 million, and the company achieved several milestones in operational excellence and client satisfaction.
Conduent reported stable revenue with increased volumes in Government Payments and new business, offset by lost business from prior years. New business TCV signings are up 4% and new business ARR is up 15% year-to-date. The Net ARR Activity Metric was strong at $132M, up 25% from Q2 2021.
Conduent reported a successful second quarter in 2021, achieving year-over-year revenue growth and record new business signings. Revenue increased by 1.0% year-over-year, and new business TCV signings reached $775 million, a 24% increase compared to Q2 2020. The company's adjusted EBITDA also saw a significant increase of 16.4% year-over-year.
Conduent reported a revenue of $1,028 million, a decrease of 2.2% year-over-year. The adjusted EBITDA margin was 11.2%, up 210 bps year-over-year. The company also saw strong sales performance with $356 million in new business TCV signings, a 10% increase over Q1 2020.
Conduent reported Q4 2020 revenue of $1,055 million, a 4.0% decrease year-over-year, but demonstrated strong sales performance with $519M in new business signings, a 148% increase over Q4 2019. The company's Adjusted EBITDA margin improved year-over-year, driven by business mix and efficient execution.
Conduent reported strong Q3 2020 results, exceeding expectations for revenue and Adjusted EBITDA. The company saw a 100% year-over-year increase in new business signings and is on track to exceed its cost reduction target. Revenue was $1.041 billion, a decrease of 5.2% year-over-year, but the company's adjusted EBITDA increased by 11.0% year-over-year.
Conduent's Q2 2020 results exceeded expectations with revenue of $1,016 million and adjusted EBITDA of $110 million. The company saw a 90% year-over-year increase in new business signings and is on track to overachieve its $100+ million cost reduction program.
Conduent reported revenue above expectations despite COVID-19 impact. The company's business continuity planning was successful with approximately 75% of associates working from home. New business signings increased by 44% compared to Q1 2019.
Conduent reported a decrease in revenue and a GAAP net loss for Q4 2019, impacted by a goodwill impairment charge. However, the company concluded its strategic review, identified investment plans for growth and efficiency, and saw strong initial signings performance in Q1 2020.