NYSE$KD

Kyndryl Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Kyndryl's market leadership was built upon and early progress as an independent company was delivered.

Kyndryl reported revenues of $4.6 billion, a pretax loss of $732 million, and a net loss of $740 million, or $3.30 per diluted share, for the quarter ended December 31, 2021. Pro forma revenue was $4.6 billion and pro forma signings were $4.4 billion. Pro forma adjusted EBITDA was $667 million and pro forma adjusted pretax income was $53 million.

  • Kyndryl built on market leadership and delivered early progress as an independent company.
  • New partnerships were established, technology collaborations were expanded and existing relationships were deepened.
  • Momentum was gained in winning new customers.
  • Three major new initiatives were launched, all with a focus on driving long-term profitable growth.

Headline financials

Total Revenue

$4.56B

Previous: $4.93B-7.5%
EPS (adj)

-$3.30

Previous: -$8.97+63.2%
Capital Expenditures

$152M

Previous: $286M-46.9%
Free Cash Flow

$454M

Previous: $19M+2289.5%
Net Income

-$740M

Previous: -$718M-3.1%
Operating Income

-$732M

No prior period
Gross Profit

$545M

Previous: $660M-17.4%
Cash & Equivalents

$2.22B

Previous: $24M+9162.5%
Total Assets

$2.7B

Previous: $11.2B-75.9%
Stock-Based Comp

$18M

Previous: $17M+5.9%

Revenue & EPS history

Kyndryl · Revenue · Quarterly

$4.56B

Q4 2021-7.5%vs Q4 2020
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.8%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+4.7%

Avg return

30 days after

55%

12 / 22 earnings

Positive

+27.1%

Q4 2024

Best reaction

-54.9%

Q3 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-3.8%-12.5%-11.5%
Q3 2026-54.9%-47.9%-46.1%
Q2 2026-4.7%-5.0%-4.5%
Q4 2025+10.5%+24.2%+21.8%
Q3 2025+5.2%+10.1%-6.6%
Q2 2025+19.8%+22.1%+50.1%
Q1 2025-12.2%-14.4%-11.4%
Q4 2024+27.1%+30.5%+26.9%
Q3 2024+1.6%+7.8%+5.9%
Q2 2024+15.1%+15.1%+19.3%
Q1 2024+16.0%+27.0%+32.1%
Q4 2023-13.6%-19.6%-8.4%
Q3 2023+24.8%+23.5%+14.9%
Q1 2021+7.0%+6.2%+38.8%
Q2 2023-15.1%-9.1%+17.9%
Q2 2021-0.6%-1.4%-8.7%
Q1 2023+4.5%+12.4%+4.6%
Q4 2019+1.4%-0.9%-18.6%
Q1 2022+15.2%+12.1%+0.5%
Q4 2021-14.7%-24.9%-16.9%
Q4 2020-5.5%-10.9%+1.7%
Q3 2021-5.5%-10.9%+1.7%

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