Latest revenue
$3.86B
as of 2025-12-31
Latest net income
—
as of 2025-12-31
Net margin
—
as of 2025-12-31
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Services-Computer Integrated Systems Design (47 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 7, 2026.
Community sentiment
Where do you think KD is heading?
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $2.55B
- Enterprise value
- $4.12B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- 2.17×
- Dividend yield
- 0.0%
- 52-wk high
- $44.20
- 52-wk low
- $10.10
- Beta
- —
- Shares out
- 219.9M
5-year trend
dashed bar = fiscal Q4 derived from 10-K annual − Q1 − Q2 − Q3 (SEC requires only three 10-Qs per year).
What this company does
Kyndryl runs and modernizes the IT infrastructure—mainframes, cloud, networks, security—that large enterprises and governments depend on to operate. It earns revenue through multi-year managed services contracts across four geographic segments, supplemented by faster-growing Kyndryl Consult advisory work and hyperscaler partnerships. Four years after spinning off from IBM, the company is shedding low-margin legacy contracts and pivoting toward higher-margin consulting and cloud work, lifting nine-month adjusted EBITDA 9% even as revenue stays roughly flat.
Generated from KD's filing dated 2026-02-17
Key risks
- U.S. revenue declined 5% YTD to $2.77B and segment growth stalled as low-margin contract run-off and lengthening sales cycles weigh on top line
- Margin pressure: Q3 adjusted EBITDA fell to $696M from $704M on higher labor costs and lower-than-expected employee attrition
- Leverage and thin equity: liabilities grew to $9.97B against just $1.31B equity; net income dropped to $57M from $215M YoY
Generated from KD's filing dated 2026-02-17
Leverage
Debt / equity
9.68×
27.8%Long-term debt / equity
1.95×
21.8%Debt / assets
90.6%
2.6%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $3.77B | -0.8% | — | — | — |
Q4 2025 2025-12-31 | $3.86B | +3.1% | — | — | — |
Q3 2025 2025-09-30 | $3.72B | -1.4% | — | — | — |
Q2 2025 2025-06-30 | $3.74B | +0.1% | — | — | — |
Q1 2025 2025-03-31 | $3.80B | -1.3% | — | — | — |
Q4 2024 2024-12-31 | $3.74B | -4.9% | — | — | — |
Q3 2024 2024-09-30 | $3.77B | -7.3% | — | — | — |
Q2 2024 2024-06-30 | $3.74B | -10.8% | — | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Computer Integrated Systems Design · SIC 7373
Your notes
Keep private notes on KD — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$177.3K
Net activity
−$177.3K
Distinct insiders
1
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value | |
|---|---|---|---|---|---|---|
| 2025-12-05 | Vineet Khurana SVP & Global Controller | Sale | 6,641 | $26.69 | $177.3K |
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns KD
Institutional value
$1.20B
Total shares held
93.1M
Distinct holders
486
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 22.5M | $294.6M | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 16.9M | $222.4M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 10.0M | $131.8M | — | New |
| 4 | DIMENSIONAL FUND ADVISORS LP | 4.6M | $61.0M | — | New |
| 5 | SOUND SHORE MANAGEMENT INC /CT/ | 4.1M | $54.4M | — | New |
| 6 | CORTLAND ASSOCIATES INC/MO | 3.3M | $43.1M | — | New |
| 7 | UBS Group AG | 2.4M | $31.2M | — | New |
| 8 | Arnhold LLC | 1.9M | $25.2M | — | New |
| 9 | Bank of New York Mellon Corp | 1.7M | $21.9M | — | New |
| 10 | DEUTSCHE BANK AG\ | 1.6M | $20.9M | — | New |
| 11 | VANGUARD FIDUCIARY TRUST CO | 1.4M | $18.6M | — | New |
| 12 | Invesco Ltd. | 1.3M | $17.7M | — | New |
| 13 | JPMORGAN CHASE & CO | 1.2M | $14.8M | — | New |
| 14 | Douglas Lane & Associates, LLC | 990.3K | $13.0M | — | New |
| 15 | FEDERATED HERMES, INC. | 940.9K | $12.3M | — | New |
| 16 | BNP PARIBAS FINANCIAL MARKETS | 915.0K | $12.0M | — | New |
| 17 | OP Asset Management Ltd | 817.6K | $11.6M | — | New |
| 18 | Allianz Asset Management GmbH | 834.9K | $11.0M | — | New |
| 19 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 671.4K | $8.8M | — | New |
| 20 | Leith Wheeler Investment Counsel Ltd. | 645.5K | $8.5M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Constant-currency revenue was flat in Q3 and down 2% YTD—when does Kyndryl actually return to sustained organic growth, and which segments lead it?
- 2
Q3 adjusted EBITDA fell 1% YoY despite 3% revenue growth; quantify the margin drag from lengthening sales cycles versus lower attrition.
- 3
Strategic Markets adjusted EBITDA dropped 10% on flat revenue—what specifically deteriorated, and is this a one-quarter issue or structural?
Refreshed when KD files a new report · last from 2026-02-17
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