Kyndryl (KD) Soars 11% on Financial Statement Compliance

We recently published 10 Stocks Outperforming With Monstrous Gains. Kyndryl Holdings Inc. (NYSE:KD) was one of the best performers on Tuesday.

Kyndryl Holdings rallied for a second day on Tuesday, jumping 11.03 percent to finish at $13.59 apiece as investors resumed buying positions following the successful submission of its delayed quarterly and annual filings.

In a statement, Kyndryl Holdings Inc. (NYSE:KD) disclosed material weakness in its internal control over financial reporting related to its disclosure processes and cash management practices, among others.

However, it said that it has successfully submitted its quarterly report for the quarter ending December 2025, filed amendments to its annual report for the fiscal year ending March 2025, as well as quarters ending June and September 2025.

“The company’s financial position remains strong. Kyndryl’s global team remains laser-focused on delivering mission-critical services for customers and meeting its multi-year performance objectives,” Kyndryl Holdings Inc. (NYSE:KD) said.

In the third quarter ending December 2025, the company dropped its net income by 73 percent to $57 million from $215 million in the same period a year earlier. Revenues inched up by 3.2 percent to $3.86 billion from $3.7 billion year-on-year.

For the full fiscal year, Kyndryl Holdings Inc. (NYSE:KD) is targeting an adjusted EBITDA margin of 17.5 percent.

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Disclosure: None. This article is originally published at Insider Monkey.