Quarterly ResultMay 11, 2026, 03:11 PM
Conduent Q1 Revenue $723M; Net Loss Improves to $(33)M
AI Summary
Conduent reported a revenue of $723 million for Q1 2026, a decrease from $751 million in Q1 2025. Despite the revenue decline, the company significantly reduced its net loss to $33 million, an improvement from a $51 million loss in the prior year period. Basic loss per share also improved to $(0.23) from $(0.33). Operating cash flow showed a substantial improvement, moving from a $(58) million outflow to a $(8) million outflow.
Key Highlights
- Q1 2026 Revenue decreased 3.7% to $723M from $751M YoY.
- Net Loss improved to $(33)M in Q1 2026 from $(51)M in Q1 2025.
- Basic Loss per Share improved to $(0.23) from $(0.33) YoY.
- Net cash used in operating activities improved to $(8)M from $(58)M.
- Commercial segment revenue decreased to $361M from $402M YoY.
- Government segment revenue increased to $226M from $216M YoY.
- Long-term debt increased to $698M as of March 31, 2026.
- Restructuring and related costs increased to $8M from $4M YoY.