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Conduent Incorporated CNDT contract with customer liability amount billed but revenue not recognized

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Other financials

Income statement

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Revenue$723.0M-3.7%
Gross profit$136.0M+2.3%
Net income-$33.0M+35.3%
EPS (diluted)-$0.23+30.3%

Balance sheet

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Cash & equivalents$251.0M-14.3%
Total debt$952.0M+4.7%
Total equity$641.0M-19.9%
Total assets$2.4B-5.5%

Cash flow

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Operating cash flow-$8.0M+86.2%
CapEx$9.0M-35.7%
Free cash flow-$17.0M+76.4%

Valuation

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Market cap$226.44M-46.2%
Enterprise value$927.44M-11.1%
P/S0.1×-0.1×

Profitability

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Gross margin18.4%+0.4pp
Net margin-5%-14.1pp
FCF margin-0.7%-0.2pp

Returns & leverage

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Return on equity-21.1%-59.5pp
Debt / equity1.5×+0.3×
Current ratio1.6×-0.1×

Where this comes from

Reported directly by Conduent Incorporated in its filing.

Tagged under the XBRL concept cndt:ContractWithCustomerLiabilityAmountBilledButRevenueNotRecognized.

The official record: Conduent Incorporated’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Conduent Incorporated's contract with customer liability amount billed but revenue not recognized?
Conduent Incorporated (CNDT) reported contract with customer liability amount billed but revenue not recognized of $41M in Q1 2026.
How has Conduent Incorporated's contract with customer liability amount billed but revenue not recognized changed year-over-year?
Conduent Incorporated's contract with customer liability amount billed but revenue not recognized increased by 5.1% year-over-year, from $39M to $41M.
What does contract with customer liability amount billed but revenue not recognized mean?
This represents the balance of deferred revenue, where the company has billed the customer or received payment before satisfying the performance obligations. It serves as a leading indicator of future revenue, as these amounts will be recognized as income once the services are delivered. A growing balance often suggests strong future demand or long-term service contracts.