NCR Atleos Corp (NATL) FY2025 10-K Annual Report
NCR Atleos Corp (NATL) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
NCR Atleos Corp FY2025 10-K Analysis
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
NCR Atleos Corp FY2025 Key Financial MetricsXBRL
Revenue
$4.4B
▲ +0.9% YoY
Net Income
$162M
▲ +78.0% YoY
Operating Margin
11.0%
▲ +58bp YoY
Net Margin
3.7%
▲ +161bp YoY
ROE
40.2%
▲ +520bp YoY
Total Assets
$5.7B
▲ +2.1% YoY
EPS (Diluted)
$2.14
▲ +74.0% YoY
Operating Cash Flow
$356M
▲ +3.5% YoY
Source: XBRL data from NCR Atleos Corp FY2025 10-K filing on SEC EDGAR. All figures in USD.
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