---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-011898"
form_type: "8-K"
ticker: "KD"
cik: "0001867072"
company_name: "Kyndryl Holdings, Inc."
filed_at: "2022-08-03T23:59:59+00:00"
generated_at: "2026-06-24T05:28:08.912326+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kyndryl Q1 FY2023 revenue $4.3B, net loss $250M, reaffirms FY guidance with currency hit

## Summary
- Revenue $4.3B (-10% YoY; -3% constant currency); net loss $250M ($1.11 diluted EPS loss); adjusted pretax loss $50M.
- Adjusted EBITDA $491M vs $749M pro forma prior year; adjusted free cash flow ($32M) and operating cash flow $104M.
- Reaffirmed FY2023 outlook: revenue $16.3-16.5B (includes $1.2B negative currency impact), adjusted EBITDA margin 13-14%, adjusted pretax margin 0-1%.
- Alliances initiative: signed $235M hyperscaler contracts; 21,800 certifications (+36% in six months); advisory & implementation signings +27% YoY constant currency.
- Advanced Delivery saved $100M annualized; Accounts initiative delivered $52M annualized benefits; transaction costs $103M from spin-off.

## SEC filing metadata
- accession: 0001558370-22-011898
- form_type: 8-K
- ticker: KD
- cik: 0001867072
- company_name: Kyndryl Holdings, Inc.
- filed_at: 2022-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867072/000155837022011898/0001558370-22-011898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867072/000155837022011898/kd-20220803x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-011898
- JSON: https://secwatch.observer/filing/0001558370-22-011898.json
- Plain text: https://secwatch.observer/filing/0001558370-22-011898.txt

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