Xerox Holdings Corporation announced its second-quarter results for 2025, reporting revenue of $1.58 billion, a slight decrease of 0.1 percent compared to the same period last year. The company recorded a GAAP net loss of $106 million, a decline of $124 million year-over-year. Adjusted net loss was reported at $77 million, a reduction of $118 million from the previous year. The gross profit for the quarter stood at $451 million, down from $520 million the previous year, resulting in a gross margin of 28.6 percent, a decrease of 440 basis points. Operating cash flow was reported at negative $11 million, a decline of $134 million year-over-year, while free cash flow was negative $30 million, down by $145 million from the previous year. A key development for Xerox in this period was the completion of its acquisition of Lexmark, which is seen as a significant step in the company's Reinvention strategy. This acquisition is expected to strengthen Xerox's core offerings and provide synergy opportunities. The company aims to integrate Lexmark, focusing on growth in revenue, adjusted operating income, and free cash flow in 2026.