Conduent Inc
Conduent Inc provides business process outsourcing and IT services to the transportation, healthcare, and government sectors.
Business. Conduent Inc (CNDT.O) is a provider of IT services and consulting within the Software & IT Services sector. The company operates on a service-revenue model, delivering technology solutions and advisory services to clients. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data. Consequently, the business is described at the industry level as an IT services firm without further geographic or structural breakdown.
At a glance
What drives this business
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- Company
- EarningsQ2 2026 earnings (expected)2026-07-28 · estimated
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Conduent Inc (CNDT.O) is a provider of IT services and consulting within the Software & IT Services sector. The company operates on a service-revenue model, delivering technology solutions and advisory services to clients. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data. Consequently, the business is described at the industry level as an IT services firm without further geographic or structural breakdown.
Conduent Inc has a debt-to-equity ratio of 0.83 and a current ratio of 1.57, indicating moderate leverage and acceptable short-term liquidity. However, the company reported negative operating cash flow of -$73 million and free cash flow of -$129 million, signaling potential liquidity constraints. With $687 million in long-term debt and only $233 million in cash and equivalents, the firm is net cash negative after subtracting total debt.
Profitability metrics are weak, with a return on equity of -20.56% and a return on assets of -7.09%, both significantly below the industry median for IT Services & Consulting. The company reported a net loss of $170 million and an operating loss of $112 million, reflecting operational inefficiencies and margin compression.
Conduent's revenue is concentrated in three primary segments: Transportation, Healthcare, and Government. Transportation services account for the largest share of revenue, with a heavy reliance on public-sector contracts. The company has limited geographic diversification, with the majority of revenue derived from North America.
The company's growth trajectory is uncertain, with no specific revenue growth or decline percentages provided in the outlook. However, the negative operating and net income suggest a challenging operating environment. Capital expenditures of -$81 million indicate a reduction in investment, which may signal a strategic shift or financial constraint.
Risk factors include liquidity concerns due to negative operating cash flow and a net cash-negative position. The company has a low dilution risk, with no significant dilution sources identified in the risk assessment. However, the negative free cash flow and high debt levels could pressure the company to raise additional capital in the future.
Recent filings and transcripts have not disclosed any major strategic shifts or operational overhauls. The company remains focused on cost optimization and restructuring efforts to improve profitability.
- Conduent Inc is experiencing significant operational losses and negative cash flows, indicating financial distress.
- The company's return on equity and return on assets are well below industry norms, highlighting poor capital efficiency.
- Revenue is heavily concentrated in the Transportation segment and North America, increasing exposure to sector-specific and regional risks.
- Liquidity is a concern due to negative operating cash flow and a net cash-negative position.
- The company has limited dilution risk but may face pressure to raise capital if cash flow remains negative.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Conduent Inc Market data — financials · 2026-05-27
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$8M
- Investment Managers · as of 2024-06-300,00 %$43M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2024-12-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2025-12-310,00 %$17M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$4M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$2M
- Funds · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2022-09-300,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- Director · Common StockOther 63 698 @ $1,74$111K · 2026-06-01
- EVP, Chief Financial Officer · Common StockOther 4 571 @ $1,75$8K · 2026-06-01
- Principal Accounting Officer · Common StockOther 28 195 @ $1,33$37K · 2026-04-01
- EVP, Public Sector · Common StockOther 244 360 @ $1,33$325K · 2026-04-01
- EVP, Public Sector · Common StockOther 122 180 @ $1,33$162K · 2026-04-01
- EVP, Chief Financial Officer · Common StockOther 187 969 @ $1,33$250K · 2026-04-01
- Principal Accounting Officer · Common StockOther 56 390 @ $1,33$75K · 2026-04-01
- EVP, GC & Secretary · Common StockOther 413 533 @ $1,33$550K · 2026-04-01
- EVP, GC & Secretary · Common StockOther 206 766 @ $1,33$275K · 2026-04-01
- EVP, Chief Financial Officer · Common StockOther 375 939 @ $1,33$500K · 2026-04-01
- Director · Common StockOther 109 196 @ $1,45$158K · 2026-03-04
- Director, Chief Executive Officer · Common StockBought 117 099 @ $1,56$183K · 2026-02-20
- Director · Common StockBought 60 000 @ $1,44$87K · 2026-02-19
- Director, Chief Executive Officer · Common StockBought 110 000 @ $1,41$155K · 2026-02-19
- Director · Common StockBought 50 000 @ $1,45$73K · 2026-02-18
- Director, Chief Executive Officer · Common StockBought 110 000 @ $1,44$158K · 2026-02-18
- EVP, Public Sector · Common StockOther 9 150 · 2026-02-10
- EVP, Public Sector · Common StockOther 5 276 @ $1,43$8K · 2026-02-10
- EVP, Public Sector · Common StockOther 8 112 · 2026-02-10
- EVP, Public Sector · Common StockOther 4 677 @ $1,43$7K · 2026-02-10
- Principal Accounting Officer · Common StockOther 543 @ $1,43$776 · 2026-02-10
- EVP, Chief Financial Officer · Common StockOther 5 591 · 2026-02-10
- EVP, Chief Financial Officer · Common StockOther 2 217 @ $1,43$3K · 2026-02-10
- EVP, Chief Financial Officer · Common StockOther 4 958 · 2026-02-10
- EVP, Chief Financial Officer · Common StockOther 1 966 @ $1,43$3K · 2026-02-10
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -18.4%Derived (calculated)
- Net margin (FY 2025-12-31): -5.6%Derived (calculated)
- Return on equity (FY 2025-12-31): -24.8%Derived (calculated)
- Return on assets (FY 2025-12-31): -7.1%Derived (calculated)
- Current ratio (FY 2025-12-31): 1.57xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 2.29xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): 110.7%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -36.3%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -8.8%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -150.0%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -151.1%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -139.9%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -46.0%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): -33.3%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -9.4%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -7.8%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -2.7%Derived (calculated)
- Pre-tax income (annual): USD -160MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES -1SEC XBRL filing
- R&D expense (annual): USD 4MSEC XBRL filing
- Net income (annual): USD -170MSEC XBRL filing
- Operating cash flow (annual): USD -73MSEC XBRL filing
- Interest expense (annual): USD 48MSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES -1SEC XBRL filing