Kyndryl Holdings, Inc. (KD) Form 10-Q — Aug 5, 2026
Kyndryl reported fiscal first-quarter revenue of $3.618 billion, down 3% year over year, and swung to a net loss of $55 million from net income of $56 million a year earlier. Adjusted EBITDA fell 21% to $512 million, with the United States the only segment to grow revenue (+5%), while Principal Markets fell 7% and its EBITDA dropped 24%. The loss was driven by a $152 million workforce rebalancing charge (up from $25 million a year ago), a $38 million impairment tied to the sale of a US facility, and higher interest expense, partially offset by a $40 million gain on the sale of a digital solutions subsidiary.
Key figures
- Revenue
- 3618000000
- Revenue Yoy
- -3%
- Total Assets
- 12026000000
- Cash Position
- 2104000000
- Total Signings
- 3.9 billion (+22% YoY)
- Adjusted EBITDA
- 512 million (vs 647 million prior year, -21%)
- Impairment Expense
- 38 million (sale of US facility)
- Operating Cash Flow
- -310 million (vs -124 million prior year)
- Revolver Borrowing
- 1 billion at 5.09%, extended to November 2026
- Weighted Avg Basic Shares
- 220.6 million
- Buyback Remaining Capacity
- 238 million
- Notes Maturing October2026
- 700 million
- Pretax Gain On Subsidiary Sale
- 40 million
- Workforce Rebalancing Charges
- 152 million (vs 25 million prior year)
- Expected Annual Payroll Savings
- 400-500 million
- Remaining Performance Obligations
- 32.2 billion
Price after filing
Close on the filing date to close N calendar days later (from $14.69). Historical, not a forecast.
AI analysis
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