Conduent(US:CNDT)2025-11-07 14:00Financial Performance - Adjusted revenue for Q3 2025 was $767 million, a decrease of 1.8% year-over-year, or 2.2% in constant currency[5, 23] - Adjusted EBITDA for Q3 2025 was $40 million, with an adjusted EBITDA margin of 5.2%, up year-over-year and sequentially[5, 25] - The company expects full year 2025 adjusted revenue to be between $3.05 billion and $3.1 billion, and adjusted EBITDA margin to be between 50% and 5.5%[42] Sales Metrics - New business signings ACV (Annual Contract Value) for Q3 2025 was $111 million, consistent year-over-year[5, 8] - Net ARR (Annual Recurring Revenue) activity impact (TTM - Trailing Twelve Months) was $25 million[5, 11] - New Business ARR Avg Contract Length was 30 years[20] Segment Performance - Commercial segment adjusted revenue was $367 million, a decrease of 4.7% year-over-year[31] - Government segment adjusted revenue was $238 million, a decrease of 6.7% year-over-year[31] - Transportation segment adjusted revenue was $162 million, an increase of 14.9% year-over-year[31] Cash Flow and Balance Sheet - Adjusted Free Cash Flow for Q3 2025 was negative $54 million[37, 41] - The company had $264 million in cash at the end of Q3 2025[36, 41] - Net adjusted leverage ratio was 32x[36, 41] Portfolio Rationalization - The company has deployed 87% of its $1 billion capital target for portfolio rationalization[46]