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Kyndryl Holdings, Inc. (KD): material weakness open 577 days

By Russell Tomoum, Ctrl Worx™. Built from its own SEC filings. How the Clock works.

Kyndryl Holdings, Inc. reported ineffective internal control over financial reporting because of a material weakness in 2 filings since Feb 17, 2026. It stated one or more material weaknesses in 4 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-Q for the period ended Jun 30, 2026.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #12207

Causes the company named

Entity-level and governance · 5Financial close and reporting · 4ITGC: general · 4Accounting expertise and resources · 3Other · 1Not described · 1ITGC: user access · 1ITGC: change management · 1

What the latest filing says

Based on that evaluation, the Chief Executive Officer and the Interim Chief Financial Officer have concluded that the Company’s disclosure controls and procedures were not effective as of June 30, 2026 due to the material weaknesses in internal control over financial reporting described below. These deficiencies did not result in a misstatement to the interim or annual consolidated financial statements previously filed or included in this Form 10-Q. The Company’s management has concluded that the consolidated financial statements for the periods covered by and included in this Form 10-Q fairly present, in all material respects, the Company’s financial position, results of operations and cash flows in conformity with GAAP. Material Weaknesses in Internal Control over Financial Reporting As defined in Rule 12b-2 of the Exchange Act, a material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of a company’s annual or interim financial statements wil [...]

From the controls section of the 10-Q filed Aug 5, 2026. Read the full filing on SEC EDGAR.

Company response: Kyndryl Holdings, Inc. can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.

Filings

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Based on public SEC filings. Causes are grouped into standard categories by Ctrl Worx. The filings are the authority. Ctrl Worx is not affiliated with Kyndryl Holdings, Inc. or the SEC. Not investment advice. Why you can rely on the Watch List.