Teradata Corporation (NYSE:TDC) filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 6, 2026, reporting third-quarter net income of $38 million and the elimination of its long-term debt balance.

Key Highlights

  • Q3 2026 total revenue: $399 million, compared to $416 million in Q3 2025, according to the filing.
  • Q3 2026 net income: $38 million, or $0.40 per diluted share, versus $40 million, or $0.42 per diluted share, in the prior-year quarter.
  • Nine-month net income: $419 million, or $4.36 per diluted share, compared to $93 million, or $0.96 per diluted share, for the same period in 2025.
  • Long-term debt eliminated: The balance sheet showed $0 in long-term debt at September 30, 2026, down from $431 million at December 31, 2025; the filing reported $456 million in long-term borrowing repayments during the nine-month period.
  • Operating cash flow: $598 million for the nine months ended September 30, 2026, versus $145 million for the same period in 2025.
  • Shares outstanding: Approximately 91.4 million shares of common stock as of October 23, 2026, per the filing.
  • Stock repurchases: $131 million in common stock repurchases during the nine months ended September 30, 2026, compared to $102 million in the same prior-year period.

Teradata's Third-Quarter 2026 Financial Results and Balance Sheet Changes

According to the filing, Teradata reported total revenue of $399 million for the three months ended September 30, 2026, a decrease from $416 million in the same quarter of 2025. Total recurring revenue was $359 million in Q3 2026 versus $366 million in Q3 2025. Consulting services revenue declined to $37 million from $47 million year over year. Gross profit for the quarter was $238 million, compared to $253 million in Q3 2025. Income from operations was $54 million, down from $61 million in the prior-year quarter.

For the nine months ended September 30, 2026, the company disclosed total revenue of $1,253 million versus $1,242 million in the same period of 2025. The filing attributed a significant portion of the nine-month income increase to "Other (expense) income," which totaled $469 million for that line item in the nine-month period, compared to $(13) million in the prior year. Selling, general and administrative expenses for the nine-month period rose to $469 million from $373 million year over year, the filing disclosed.

The condensed consolidated balance sheet showed total assets of $1,603 million and total liabilities of $990 million as of September 30, 2026, compared to $1,779 million and $1,549 million, respectively, at December 31, 2025. Total stockholders' equity increased to $613 million from $230 million over the same period. Cash and cash equivalents stood at $432 million at September 30, 2026, down from $493 million at December 31, 2025. The filing reported stock-based compensation expense of $95 million for the nine months ended September 30, 2026.

What Was Disclosed

Teradata filed its quarterly report covering the period ended September 30, 2026, disclosing revenue, earnings, cash flow, and balance sheet data showing the repayment of all long-term debt and a significant increase in nine-month net income compared to the prior-year period.