---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-009416"
form_type: "8-K"
ticker: "KD"
cik: "0001867072"
company_name: "Kyndryl Holdings, Inc."
filed_at: "2022-05-26T23:59:59+00:00"
generated_at: "2026-06-25T06:55:30.050174+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Kyndryl revises prior financials for $87M over-accrual; updates segment EBITDA allocation

## Summary
- Corrected $87M over-accrual in accrued contract costs from 2012-2021; immaterial revision to 2021 Annual Report and prior periods.
- Updated allocation methodologies for segment adjusted EBITDA; no change to total reported adjusted EBITDA.
- Revenue $18.7B in 2021, down 4% YoY; net loss $2.3B includes $469M goodwill impairment and $627M transaction-related costs.
- Adjusted EBITDA $2.1B in 2021, down 5% from $2.2B in 2020.

## SEC filing metadata
- accession: 0001558370-22-009416
- form_type: 8-K
- ticker: KD
- cik: 0001867072
- company_name: Kyndryl Holdings, Inc.
- filed_at: 2022-05-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867072/000155837022009416/0001558370-22-009416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867072/000155837022009416/kd-20220526xex99d1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-009416
- JSON: https://secwatch.observer/filing/0001558370-22-009416.json
- Plain text: https://secwatch.observer/filing/0001558370-22-009416.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.