Conduent Cuts 2025 Revenue Forecast, But CEO Says Capital Plan On Track With Cash Cushion

Conduent Lowers 2025 Revenue Forecast

Conduent Inc (NASDAQ: CNDT) shares fell Friday after reporting weaker-than-expected revenue and earnings for the third quarter of 2025.

Financial Results Overview

Reported revenue was $767 million, down 5% compared to the previous year and below analysts' estimate of $794.33 million.
Adjusted revenue also declined by 1.8% to $767 million.
GAAP diluted earnings per share (EPS) showed a loss of 30 cents, versus a 72-cent profit in the same quarter last year.
Adjusted EPS posted a loss of 9 cents, missing the 7-cent loss expected but improving from a 14-cent loss a year earlier.
Adjusted EBITDA increased to $40 million, with margins improving from 4.1% to 5.2%, indicating better operational efficiency despite revenue challenges.

Business Growth and Cash Flow

New business signings in Annual Contract Value (ACV) reached $111 million, supporting pipeline growth.
The Net ARR Activity Metric (TTM) stood at $25 million, showing progress in recurring revenue initiatives.
Operating cash flow was negative $39 million for the quarter.
Adjusted free cash flow also remained negative at $54 million.

Balance Sheet and Liquidity

At quarter-end, cash holdings totaled $264 million.
The company had $198 million of available credit under its renewed facility.
Total debt reached $713 million.
Conduent repurchased a portion of its shares, totaling approximately 4 million shares.

"Despite the drop in revenue, operational improvements are reflected in the margin expansion and adjusted EBITDA growth."

Author's summary: Conduent’s Q3 2025 results show revenue pressures but operational gains and solid contract signings support the company’s capital plan and liquidity position.

Benzinga — 2025-11-07

Conduent Lowers 2025 Revenue Forecast

Financial Results Overview

Business Growth and Cash Flow

Balance Sheet and Liquidity

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