Every material Form 8-K Kyndryl filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Kyndryl reported fiscal second-quarter 2026 revenue of $3.7 billion, down 1% year over year, while net income rose to $68 million, or $0.29 per diluted share, from a net loss of $43 million a year earlier. The company reaffirmed its fiscal 2026 outlook and announced a $400 million increase to its share repurchase authorization, which matters to shareholders because it reflects both a profit swing and a larger capital return program alongside a revenue decline.
Revenue was $3.7 billion, down 1% reported and down 3.7% in constant currency, which the company attributed to reducing low-margin third-party content and longer sales cycles.
Net income was $68 million, or $0.29 per diluted share, versus a net loss of $43 million, or $0.19 per share, in the prior-year quarter.
Adjusted EBITDA was $641 million, up 15% year over year; free cash flow was $22 million.
The board added $400 million to the share repurchase program, on top of the $300 million program from November 2024, under which 7.3 million shares had been repurchased for $249 million as of September 30, 2025.
Kyndryl reported first-quarter fiscal 2026 results for the quarter ended June 30, 2025, with revenue of $3.74 billion, up slightly on a reported basis and down 2.6% in constant currency. Net income rose to $56 million, or $0.23 per diluted share, from $11 million, or $0.05, a year earlier, and the company reaffirmed its fiscal 2026 outlook for revenue, earnings and free cash flow.
Revenue of $3.74 billion was up slightly year-over-year as reported and down 2.6% in constant currency
Net income was $56 million ($0.23 per diluted share) versus $11 million ($0.05) a year earlier; adjusted EPS was $0.37 versus $0.13
Free cash flow was a use of $222 million in the quarter, which the company attributed to typical seasonal outflows
Fiscal 2026 outlook reaffirmed, including adjusted pretax income of at least $725 million and free cash flow of approximately $550 million
Kyndryl reported results for the fourth quarter and fiscal year ended March 31, 2025. Quarterly revenue was $3.8 billion, down 1% as reported and up 1.3% in constant currency, while net income swung to $68 million from a $45 million loss a year earlier. The company guided fiscal 2026 adjusted pretax income to at least $725 million, up at least $243 million, which signals higher expected profitability for shareholders.
Q4 revenue of $3.8 billion, down 1% as reported and up 1.3% in constant currency
Q4 net income of $68 million, or $0.28 per diluted share, versus a net loss of $45 million a year earlier
Q4 adjusted pretax income of $185 million, up 510% from $30 million
FY2026 outlook: adjusted pretax income of at least $725 million and adjusted free cash flow of approximately $550 million
Kyndryl Holdings entered into an amended and restated five-year revolving credit agreement with JPMorgan Chase Bank as administrative agent. The main change extends the expiration date from October 16, 2026 to March 14, 2030, while the borrowing capacity of $3.15 billion and other material terms remain substantially similar to the existing agreement. For shareholders, this is a routine refinancing that extends the company's committed credit access without changing the amount available to borrow.
Borrowing capacity of up to $3.15 billion on a revolving basis, consistent with the existing agreement
Expiration date extended from October 16, 2026 to March 14, 2030
Other material terms described as substantially similar to the existing agreement; full text filed as Exhibit 10.1
Agreement dated March 14, 2025, replaces the October 18, 2021 agreement as amended June 21, 2023
Kyndryl reported fiscal third-quarter 2025 revenue of $3.74 billion, down 5% year over year, while net income was $215 million, compared with a net loss of $12 million a year earlier. Net income includes an after-tax gain of $138 million from the divestiture of its SIS platform in Canada, which the company excludes from adjusted results. The company raised its fiscal 2025 adjusted pretax income and adjusted free cash flow outlook.
Q3 revenue was $3.74 billion, down 5% year over year and 3% in constant currency; diluted EPS was $0.89 versus a loss of $0.05, and adjusted EPS was $0.51.
Fiscal 2025 outlook now calls for adjusted pretax income of at least $475 million and adjusted free cash flow of approximately $350 million.
Total signings were $4.1 billion in the quarter, up 10% on a reported basis, and the company expects approximately 2% constant-currency revenue growth in the fourth quarter.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Kyndryl filing is on SEC EDGAR ↗. 8-K briefs of other companies →