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

Conduent Inc. (NASDAQ: CNDT) shares fell on Friday morning after the company reported lower revenue and earnings for the third quarter of 2025.

Financial Performance

Q3 revenue: $767 million, down 5% year-over-year and below the $794.33 million analyst estimate.
Adjusted revenue: $767 million, a decline of 1.8%.
GAAP diluted EPS: loss of $0.30, compared with earnings of $0.72 a year earlier.
Adjusted EPS: loss of $0.09, missing the consensus loss estimate of $0.07 but better than the $0.14 loss last year.
Adjusted EBITDA: $40 million, with margin increasing to 5.2% from 4.1% a year earlier.

Business Activity and Cash Flow

Annual Contract Value (ACV) for new business signings reached $111 million, while the Net ARR Activity Metric (TTM) stood at $25 million, showing steady progress in the company’s growth pipeline and recurring revenue efforts.

Operating cash flow for the quarter was negative $39 million, and adjusted free cash flow was negative $54 million. By quarter-end, Conduent held $264 million in cash and maintained $198 million of unused capacity in its renewed credit facility. Total debt amounted to $713 million.

“Despite lower revenue, our capital plan remains on track and supported by a solid cash position,” said the company leadership.

Market Reaction

CNDT shares slid following the disappointing financial results, reflecting investor concern over the company’s declining revenue despite improved margins and strengthening operational efficiency.

Author’s summary: Conduent’s third-quarter decline in revenue and profit weighed on shares, but improving margins and strong liquidity support its ongoing capital plan.

Benzinga — 2025-11-07