Cognizant Technology Solutions (CTSH) 10-K Summary — Year Ended Dec 31, 2025
Cognizant Technology Solutions Corporation filed its annual report for the most recent fiscal year. The filing describes the company's business, financial performance, risk factors, and liquidity position.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Cognizant Technology Solutions Corporation filed its annual report for the most recent fiscal year. The filing describes the company's business, financial performance, risk factors, and liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$21.1B
Revenue reported for the fiscal year.
Operating income
$3.4B
Income from operations reported for the year.
Net income
$2.2B
Net income reported for the year.
Operating cash flow
$2.9B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $19.4B | +5.0% |
| Dec 31, 2023 | $19.4B | -0.4% |
| Dec 31, 2024 | $19.7B | +2.0% |
| Dec 31, 2025 | $21.1B | +7.0% |
Business overview
Cognizant provides information technology, consulting, and business process services to clients globally. The company's offerings include digital transformation, artificial intelligence, and cloud solutions. Its business overview is outlined in Item 1 of the filing.
Financial performance
Revenue increased compared to the prior year, while operating income and net income also showed growth. Cash from operations improved, reflecting higher net income adjusted for certain non-cash items and a prior-year payment related to a dispute.
Material risks
The filing identifies risks including competition, technological changes, and reliance on key personnel. It also notes potential impacts from economic conditions and regulatory changes. These risks are detailed in the Risk Factors section.
Liquidity and capital
The company historically funds operations and investments through cash generated from operations. As of the balance sheet date, it held cash, cash equivalents, and short-term investments, along with restricted cash, and had available capacity under its credit facilities.
What to watch
Readers should monitor the company's ability to sustain revenue growth and manage client concentration in the next filing.