{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-010051","form_type":"8-K","ticker":"KD","cik":"0001867072","company_name":"Kyndryl Holdings, Inc.","filed_at":"2023-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.384324+00:00","generated_at":"2026-06-15T00:06:11.001250+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Kyndryl reports Q4 net loss $737M, FY23 revenue $17.0B; guides FY24 margin expansion","bullets":["Q4 revenue $4.3B (-4% YoY, +1% cc); net loss $737M vs $229M loss prior year.","FY23 revenue $17.0B (-7% YoY, flat cc); net loss $1.4B vs $2.0B loss prior year.","Exceeded first-year three-A targets: Alliances $1.2B signings, Advanced Delivery $275M savings, Accounts $210M benefits.","FY24 outlook: rev (6-8)% decline cc to $16.0-16.4B; adj EBITDA margin 12-13% vs 11.6% FY23.","Workforce rebalancing: $55M charge in Q4, expects $95M more in FY24; savings $150M FY24, $200M FY25."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-010051","json":"https://secwatch.observer/filing/0001558370-23-010051.json","markdown":"https://secwatch.observer/filing/0001558370-23-010051.md","text":"https://secwatch.observer/filing/0001558370-23-010051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1867072/000155837023010051/0001558370-23-010051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1867072/000155837023010051/kd-20230516x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T00:06:11.001250+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8fdc90bb1dfd3f662c9b55a45a632ebfbe3d2fd1","claim":"Kyndryl Holdings, Inc. reported fiscal year ended March 31, 2023 results: revenue $17.0 billion, net income net loss of $1.4 billion.","evidence_excerpt":"For the fiscal year ended March 31, 2023, Kyndryl reported revenues of $17.0 billion, a decline of 7%, or unchanged in constant currency, compared to the year ended March 31, 2022. The Company reported a pretax loss of $851 million in fiscal year 2023, which included transaction-related costs, workforce rebalancing charges and lease-exit costs, as discussed below. The Company had a net loss of $1.4 billion and net margin of (8.1%) for the year, compared to a net loss of $2.0 billion in the year ended March 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1867072/000155837023010051/0001558370-23-010051-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended March 31, 2023"},{"label":"Revenue","value":"$17.0 billion"},{"label":"Net income","value":"net loss of $1.4 billion"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bc65840bdbf8f4fb68b08c248429cc1c288bfd90","claim":"Kyndryl Holdings, Inc. reported fiscal year 2024 (April 2023 to March 2024) results: revenue $16.0 to $16.4 billion. Guidance initiated.","evidence_excerpt":"Kyndryl is providing the following outlook for its fiscal year 2024, which runs from April 2023 to March 2024: ● Revenue growth of (6%) to (8%) in constant currency compared to revenue of $17.0 billion in fiscal 2023, with most of the decline due to accelerated actions by Kyndryl to reduce certain low-margin revenue streams. Based on recent exchange rates, the Company’s outlook implies fiscal 2024 revenue of $16.0 to $16.4 billion.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1867072/000155837023010051/0001558370-23-010051-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2024 (April 2023 to March 2024)"},{"label":"Revenue","value":"$16.0 to $16.4 billion"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"d2009676457f8975397ebcff8357e324baec78b2","claim":"Kyndryl Holdings, Inc. reported quarter ended March 31, 2023 results: revenue $4.3 billion, net income net loss of $737 million, EPS $(3.24) per diluted share.","evidence_excerpt":"For the fourth quarter, Kyndryl reported revenues of $4.3 billion, a year-over-year decline of 4% and a 1% increase in constant currency. The Company reported a pretax loss of $288 million and a net loss of $737 million, or $(3.24) per diluted share, in the quarter, compared to a net loss of $229 million in the prior-year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1867072/000155837023010051/0001558370-23-010051-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended March 31, 2023"},{"label":"Revenue","value":"$4.3 billion"},{"label":"Net income","value":"net loss of $737 million"},{"label":"EPS","value":"$(3.24) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}