What Conduent's latest 10-Q says: 7 signals
Conduent filed its latest 10-Q with the SEC on Aug 10, 2026. It discusses backlog growth, cash flow concern and cybersecurity incident.
Public (CNDT)IT Services and IT Consulting10,000+ employeesconduent.comLinkedIn
- Filed
- Aug 10, 2026
- Filings
- 2
- Signals
- 14
10-Q · latest 10
What Conduent's 10-Q filings say
- SEC EDGAR
10-Q
Filed · 7 signals
Conduent divests Public Transit and Tolling businesses to refocus on core operations.
Conduent is selling its Tolling business to Quarterhill Inc.
$70M
Cash consideration from the sale of the Tolling business
7%
Equity interest in Quarterhill Inc. received as part of Tolling business sale
Quarterhill Inc.Modaxo USA Holdings, Inc.
Company continues to make payments for Jan 2025 Cyber Event, impacting cash flow
Conduent's operating cash flow was negatively impacted by ongoing payments related to a significant cybersecurity event in January 2025.
Conduent draws down $183M from credit facility in July 2026, signaling liquidity concerns.
The company made a significant $183 million borrowing from its revolving credit facility immediately after the quarter's end, despite stating no immediate plans for its use.
$183M
Borrowing under Revolving Credit Facility post-quarter end.
Company continues to incur costs from a major January 2025 cyber event, impacting EBITDA.
Conduent is still making payments related to a major cyber event from the previous year, which is negatively impacting cash flow and EBITDA.
New business pipeline grows to $3.0 billion, up from $2.7 billion YoY.
Conduent's total new business pipeline increased by over 10% year-over-year, indicating strong demand and future growth potential.
$3B
Total new business pipeline as of June 30, 2026.
- SEC EDGAR
10-Q
Filed · 7 signals
Continues to make payments related to the January 2025 Cyber Event
Conduent is still dealing with the financial impact of its major cyber attack from the previous year, making related payments in Q1 2026.
Conduent addressing risks from Jan 2025 cybersecurity event, implying security platform overhaul
The company continues to highlight risks and direct costs associated with a major cybersecurity event in January 2025, covering investigation, remediation, and response.
cybersecurity
Conduent revenue declines by $28M (4%) in Q1 due to lost business
Conduent's Q1 2026 revenue fell by $28 million year-over-year, a 4% decrease explicitly attributed to losing customer contracts.
$28M
Revenue decrease YoY for Q1 2026
4%
Revenue decrease YoY for Q1 2026
New business pipeline grew to $3.5B, an increase of $300M year-over-year
The total new business pipeline expanded to $3.5 billion as of March 31, 2026, up from $3.2 billion a year prior.
$3.5B
Total new business pipeline as of March 31, 2026
Company using accounts receivable factoring to manage cash flow and liquidity
Conduent is selling its accounts receivable to a third-party financial institution as part of its cash and liquidity management strategy.
$-8M
Net cash used in operating activities for Q1 2026
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Conduent earnings headlines
From earnings call transcripts (Signal API type earnings-transcripts).
| Call date | What the company said |
|---|---|
| Facing significant revenue drag from its largest commercial clientThe Commercial segment's revenue decline is primarily driven by volume reductions from its single largest client, creating pressure to diversify revenue and accelerate growth in other accounts. This makes them highly receptive to solutions that can win new logos or expand existing smaller accounts. | |
| Launching major AI initiatives and new AI experience centerThe company is heavily investing in and deploying AI for fraud reduction, customer experience, and operational efficiency, even opening a new AI experience center to showcase capabilities. This signals significant budget and appetite for innovative technology partners and AI solutions. | |
| Citing strong sales momentum in Transportation sectorThe Transportation business is a key growth driver, with new business TCV up 320% year-to-date, including a new logo win with the Richmond Metropolitan Authority. This indicates significant budget and active projects in the transportation and tolling space, representing a clear area of opportunity. | |
| Actively seeking to upgrade sales and business development talentThe company is focused on enhancing its sales talent to "open new doors," explicitly calling the top of the sales funnel the "Achilles' heel" for its Commercial business. This signals a pain point with pipeline generation and an opportunity for recruitment firms, sales training, or lead generation services. | |
| Lowered full-year revenue guidance due to government contract delays.The company reduced its 2025 revenue forecast because of delays in government contract approvals and milestone payments, highlighting a significant operational pain point. This creates an opportunity for vendors offering solutions in project management, government contract compliance, and cash flow forecasting to help mitigate these timing risks. | |
| Appointed former Deloitte U.S. Chair to Board of DirectorsThe addition of Mike Fucci, former Chair of Deloitte U.S., to the board is intended to add new perspective and support across both Commercial and Government businesses. New, influential board members often trigger strategic reviews and can be receptive to new vendor relationships. |
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Source. Quarterly reports (Form 10-Q) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .