Short answer
NCR Atleos Corp (NATL) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $4.4B (+0.9% year over year) and net income of $162M.
- Top risk flagged: Debt obligations $2.79B with $1.67B due 2029-2030 creating long-term liquidity pressure
FY2025 key financial metrics · XBRL
- Revenue
- $4.4B
- +0.9% YoY
- Net income
- $162M
- +78.0% YoY
- Operating margin
- 11.0%
- +0.6 pp YoY
- EPS (diluted)
- $2.14
- +74.0% YoY
- ROE
- 40.2%
- +5.2 pp YoY
- Operating cash flow
- $356M
- +3.5% YoY
Source: XBRL data from the NCR Atleos Corp (NATL) FY2025 10-K on SEC EDGAR. USD.
NCR Atleos Corp FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Provision of self-service banking technology, ATM network management, and telecommunications & technology services with emphasis on recurring revenues from hardware, software, and services
- New emphasis on ATMaaS (ATM as a Service) solutions with 33% revenue growth in 2025, reflecting customer shift to outsourcing software and services
- Strategic shift toward profitably growing recurring revenue streams, leading to 7% revenue increase in Self-Service Banking and successful sale-leaseback ATM transactions
- Notable financial metrics: Net income $162M up 103% YoY; Adjusted EBITDA $830M, 19.1% margin; Self-Service Banking Adjusted EBITDA grew 19% YoY to $751M
- Unusual factor: Significant decline in T&T and Network segment revenues (down 13% and 1%), linked to U.S. immigration policy impact and Bitcoin transaction volume drop
Management Discussion & Analysis
- Revenue not explicitly stated; business segments: Self-Service Banking, Network, T&T
- No profitability or margin figures disclosed in provided text
- No specific dollar or performance figures on segments' YoY results mentioned
- Spin-off costs ongoing through 2026, higher in 2024-2025, no amounts disclosed
- Forward-looking risk: separation-related costs to continue but decrease through 2026
Risk Factors
- Debt obligations $2.79B with $1.67B due 2029-2030 creating long-term liquidity pressure
- Purchase obligations $913M, $818M due in 2026, indicating heavy near-term supplier payment demands
- Interest on debt $824M with $406M due 2027-2028 increasing financial servicing costs
- Lease obligations $232M with $56M due in 2026, impacting operating cash flows
- No specific regulatory, geopolitical, or competitive risks detailed in this section
Generated from the filing text; verify against the original. How to read a 10-K
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