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Concentrix Corp

For the period ended Feb 28, 2025. Filed Apr 4, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Feb 28, 2025 · Filed Apr 4, 2025

CNXC$30.32-2.5%Stored close · as of Nov 6, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended February 28, 2025

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to _____________

Commission File Number:001-39494

(Exact name of Registrant as specified in its charter)

Delaware27-1605762
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
39899 Balentine Drive, Suite 235, Newark, California94560
(Address of Principal Executive Offices)(Zip Code)

(800)747-0583

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.0001 per shareCNXCThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the last practicable date.

ClassOutstanding as of March 31, 2025
Common Stock, par value $0.0001 per share63,883,477

Concentrix Corporation

Form 10-Q

Index

Page
PART IFINANCIAL INFORMATION2
Item 1.Financial Statements2
Consolidated Balance Sheets as of February 28, 2025 (unaudited) and November 30, 20242
Consolidated Statements of Operations (unaudited) for the Three Months Ended February 28, 2025 and February 29, 20243
Consolidated Statements of Comprehensive Income (unaudited) for the Three Months Ended February 28, 2025 and February 29, 20244
Consolidated Statements of Stockholders’ Equity (unaudited) for the Three Months Ended February 28, 2025 and February 29, 20245
Consolidated Statements of Cash Flows (unaudited) for the Three Months Ended February 28, 2025 and February 29, 20246
Notes to the Consolidated Financial Statements (unaudited)7
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations24
Item 3.Quantitative and Qualitative Disclosures About Market Risk37
Item 4.Controls and Procedures38
PART IIOTHER INFORMATION40
Item 1.Legal Proceedings40
Item 1A.Risk Factors40
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds40
Item 5.Other Information41
Item 6.Exhibits42
Signatures43
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