0001104659-26-015727
SEC filingThe provided document is a 10-Q/A amendment filing for Kyndryl Holdings, Inc. for Q1 2025, dated February 17, 2026. The document exclusively contains Item 4, which details controls and procedures. It discloses that management, after filing the original Form 10-Q, determined the company's disclosure controls and procedures were not effective as of June 30, 2025, due to identified material weaknesses in internal control over financial reporting. These weaknesses relate to the control environment and information/communication components of the COSO framework, specifically concerning tone at the top, transparency with leadership and the board, disclosure committee competency, and procedures for handling complaints via the reporting hotline. Management asserts the previously issued financial statements fairly present the company's position. A remediation plan is outlined, including leadership appointments and enhanced controls, policies, and training. No changes in internal control that materially affected financial reporting occurred during the quarter. The document contains no financial performance data, revenue figures, profit metrics, cash flow information, segment breakdowns, or forward-looking guidance.
The provided document is an amendment (10-Q/A) to the original Form 10-Q for Kyndryl Holdings, Inc. for the first quarter of fiscal year 2025, filed on February 17, 2026. The content is limited to Item 4: Controls and Procedures. Consequently, the filing contains no data regarding the company's financial performance for the period, such as revenue, profit, earnings per share, or cash flow. No comparisons to prior periods (year-over-year or quarter-over-quarter) are possible from this excerpt, as no financial figures are disclosed. The sole focus is on a reassessment and disclosure of deficiencies in the company's internal control framework.
No revenue analysis can be performed. The document excerpt does not contain any information related to revenue, revenue drivers, segment performance, or geographic mix. The Management's Discussion and Analysis (MD&A) section, which typically contains such details, is not included in the provided content. Therefore, no breakdown of revenue by segment or any discussion of growth factors is available.
No analysis of margins or profitability can be conducted. The document excerpt does not provide any figures or discussion related to gross profit, operating income, net income, gross margin, operating margin, or changes in cost structure. These metrics are not disclosed in the provided Item 4 content.
No analysis of cash flow or the balance sheet can be conducted. The document excerpt does not contain any information regarding operating cash flow, free cash flow, capital expenditures, debt levels, liquidity position, or changes in balance sheet accounts. These financial details are absent from the provided controls and procedures disclosure.
The document does not contain management's financial guidance, strategic priorities for the business, or a discussion of market risk factors typically found in an outlook section. The forward-looking elements are strictly confined to the remediation of internal control weaknesses. Management outlines a plan to address the material weaknesses, which includes providing updated training, enhancing controls and policies related to communication and the reporting hotline, and strengthening the Disclosure Committee's role. However, the company explicitly states that it will not be able to conclude whether these steps will successfully remediate the material weaknesses until a sustained period has passed to test the new controls' effectiveness. No other business or financial outlook is provided.