COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION FY 2025 10-K, explained in plain English

Key financials — as reported

Total revenue	$21.1B
Gross margin	— not reported
Operating income	$3.4B
Net income	$2.2B
Diluted EPS	$4.56
Cash & equivalents	$1.9B
Total assets	$20.7B
Long-term debt	$543.0M

Key takeaway

Cognizant reported $21.1 billion in revenue and $2.23 billion in net income for fiscal 2025, with diluted EPS of $4.56.

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Beneath the surface

Net cash position is strong: $1.9 billion cash (or $2.63 billion including restricted cash) versus only $543 million of long-term debt, suggesting the balance sheet is effectively net-cash rather than net-debt.

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