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CONDUENT Inc (CNDT) Fundamental Analysis & AI Grade 2026

CNDT Nasdaq Services-Business Services, NEC NY CIK: 0001677703
Updated This Month • Analysis: May 12, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
90% Confidence
AGREEMENT
D
92% Conf
C
87% Conf

📊 CNDT Key Takeaways

Revenue: $723.0M
Net Margin: -4.6%
Free Cash Flow: $-17.0M
Current Ratio: 1.59x
Debt/Equity: 1.08x
EPS: $-0.23
AI Grade: D with 92% confidence
CONDUENT Inc (CNDT) receives a C fundamental grade with 90% confidence from our AI analysis based on SEC 10-K filings. With revenue of $723.0M, net profit margin of -4.6%, and return on equity (ROE) of -5.1%, CONDUENT Inc demonstrates mixed fundamentals in the Services sector. Below is our complete CNDT stock analysis for 2026.

Is CONDUENT Inc (CNDT) a Good Investment?

Claude

CONDUENT exhibits severe financial distress with negative profitability, zero revenue growth, and deteriorating cash flow dynamics. The company cannot service its $691M debt burden from operations (negative interest coverage of -2.2x) and is actively burning cash (-$17M free cash flow) while relying on a finite $228M cash reserve to survive.

ChatGPT

Conduent's fundamentals are weak: revenue is flat while operating and net margins remain negative, indicating the business is not converting its scale into sustainable profitability. Cash generation is also poor, with negative operating cash flow and negative free cash flow, which raises concern about balance sheet pressure if losses persist. Liquidity is still adequate, but the current financial profile suggests stabilization and margin recovery are necessary before the fundamentals improve materially.

CONDUENT Inc Key Strengths (CNDT)

Claude
  • + Maintains $228M in cash reserves providing near-term liquidity runway
  • + Current ratio of 1.59x and quick ratio of 1.53x indicate ability to meet short-term obligations
  • + Established $723M revenue base suggesting operational infrastructure and market presence
ChatGPT
  • + Adequate near-term liquidity with a 1.57x current ratio and 1.51x quick ratio
  • + Meaningful gross profit base with a 25.1% gross margin
  • + Positive equity base and asset coverage provide some balance sheet flexibility

CNDT Stock Risks: CONDUENT Inc Investment Risks

Claude
  • ! Negative free cash flow of -$17M represents ongoing value destruction and accelerated cash depletion without profitability improvements
  • ! Negative interest coverage ratio of -2.2x demonstrates inability to service $691M debt from operating income, creating imminent refinancing or default risk
  • ! Flat revenue growth (0% YoY) combined with -$33M net loss and -151% EPS deterioration signals structural business model failure with no growth catalyst
ChatGPT
  • ! Negative operating margin and net margin show ongoing core earnings weakness
  • ! Negative operating cash flow and free cash flow indicate poor cash conversion
  • ! Debt load is meaningful relative to equity, while negative interest coverage signals weak debt servicing capacity

Key Metrics to Watch

Claude
  • * Operating cash flow inflection point and path to positive free cash flow sustainability
  • * Revenue growth resumption and timeline to operating margin breakeven
  • * Debt covenant compliance and refinancing availability given negative interest coverage
ChatGPT
  • * Operating margin trend
  • * Operating cash flow and free cash flow

CONDUENT Inc (CNDT) Financial Metrics & Key Ratios

Revenue
$723.0M
Net Income
$-33.0M
EPS (Diluted)
$-0.23
Free Cash Flow
$-17.0M
Total Assets
$2.4B
Cash Position
$228.0M

💡 AI Analyst Insight

CONDUENT Inc presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

CNDT Profit Margin, ROE & Profitability Analysis

Gross Margin 105.7%
Operating Margin -3.7%
Net Margin -4.6%
ROE -5.1%
ROA -1.4%
FCF Margin -2.4%

CNDT vs Services Sector: How CONDUENT Inc Compares

How CONDUENT Inc compares to Services sector averages

Net Margin
CNDT -4.6%
vs
Sector Avg 10.0%
CNDT Sector
ROE
CNDT -5.1%
vs
Sector Avg 16.0%
CNDT Sector
Current Ratio
CNDT 1.6x
vs
Sector Avg 1.5x
CNDT Sector
Debt/Equity
CNDT 1.1x
vs
Sector Avg 0.7x
CNDT Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is CONDUENT Inc Stock Overvalued? CNDT Valuation Analysis 2026

Based on fundamental analysis, CONDUENT Inc shows some fundamental concerns relative to the Services sector in 2026.

Return on Equity
-5.1%
Sector avg: 16%
Net Profit Margin
-4.6%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.08x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

CONDUENT Inc Balance Sheet: CNDT Debt, Cash & Liquidity

Current Ratio
1.59x
Quick Ratio
1.53x
Debt/Equity
1.08x
Debt/Assets
67.3%
Interest Coverage
-2.25x
Long-term Debt
$691.0M

CNDT Revenue & Earnings Growth: 5-Year Financial Trend

CNDT 5-year financial data: Year 2021: Revenue $4.5B, Net Income -$1.9B, EPS $-9.29. Year 2022: Revenue $4.2B, Net Income -$118.0M, EPS $-0.61. Year 2023: Revenue $4.1B, Net Income -$28.0M, EPS $-0.18. Year 2024: Revenue $3.9B, Net Income -$182.0M, EPS $-0.89. Year 2025: Revenue $3.7B, Net Income N/A, EPS $-1.41.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: CONDUENT Inc's revenue has declined by 17% over the 5-year period, indicating business contraction. The most recent EPS of $-1.41 indicates the company is currently unprofitable.

CNDT Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-2.4%
Free cash flow / Revenue

CNDT Quarterly Earnings & Performance

Quarterly financial performance data for CONDUENT Inc including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $723.0M -$33.0M $-0.23
Q3 2025 $767.0M -$46.0M $-0.30
Q2 2025 $754.0M -$40.0M $-0.26
Q1 2025 $751.0M -$51.0M $-0.33
Q3 2024 $807.0M $123.0M $0.72
Q2 2024 $828.0M -$7.0M $-0.04
Q1 2024 $921.0M -$6.0M $-0.04
Q3 2023 $932.0M $15.0M $0.06

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

CONDUENT Inc Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$8.0M
Cash generated from operations
Stock Buybacks
$25.0M
Shares repurchased (TTM)
Capital Expenditures
$9.0M
Investment in assets
Dividends Paid
$5.0M
Returned to shareholders

CNDT SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for CONDUENT Inc (CIK: 0001677703)

📋 Recent SEC Filings

Date Form Document Action
Jun 3, 2026 4 xslF345X06/wk-form4_1780517322.xml View →
Jun 2, 2026 4 xslF345X06/wk-form4_1780431415.xml View →
May 21, 2026 8-K cndt-20260521.htm View →
May 20, 2026 8-K cndt-20260514.htm View →
May 14, 2026 8-K cndt-20260514.htm View →

Frequently Asked Questions about CNDT

What is the AI rating for CNDT?

CONDUENT Inc (CNDT) has a Combined AI Grade of C from Claude (D) and ChatGPT (C) with 90% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are CNDT's key strengths?

Claude: Maintains $228M in cash reserves providing near-term liquidity runway. Current ratio of 1.59x and quick ratio of 1.53x indicate ability to meet short-term obligations. ChatGPT: Adequate near-term liquidity with a 1.57x current ratio and 1.51x quick ratio. Meaningful gross profit base with a 25.1% gross margin.

What are the risks of investing in CNDT?

Claude: Negative free cash flow of -$17M represents ongoing value destruction and accelerated cash depletion without profitability improvements. Negative interest coverage ratio of -2.2x demonstrates inability to service $691M debt from operating income, creating imminent refinancing or default risk. ChatGPT: Negative operating margin and net margin show ongoing core earnings weakness. Negative operating cash flow and free cash flow indicate poor cash conversion.

What is CNDT's revenue and growth?

CONDUENT Inc reported revenue of $723.0M.

Does CNDT pay dividends?

CONDUENT Inc pays dividends, with $5.0M distributed to shareholders in the trailing twelve months.

Where can I find CNDT SEC filings?

Official SEC filings for CONDUENT Inc (CIK: 0001677703) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is CNDT's EPS?

CONDUENT Inc has a diluted EPS of $-0.23.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is CNDT's fundamental grade?

Based on our AI fundamental analysis in June 2026, CONDUENT Inc has a C grade with 90% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is CNDT stock overvalued or undervalued?

Valuation metrics for CNDT: ROE of -5.1% (sector avg: 16%), net margin of -4.6% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

What is CNDT's AI grade for 2026?

Our dual AI analysis gives CONDUENT Inc a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is CNDT's free cash flow?

CONDUENT Inc's operating cash flow is $-8.0M, with capital expenditures of $9.0M. FCF margin is -2.4%.

How does CNDT compare to other Services stocks?

Vs Services sector averages: Net margin -4.6% (avg: 10%), ROE -5.1% (avg: 16%), current ratio 1.59 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 12, 2026 | Data as of: 2026-03-31 | Powered by Claude AI