NCR Voyix Corp (VYX) FY2025 10-K Annual Report
NCR Voyix Corp (VYX) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 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 Voyix Corp FY2025 10-K Analysis
Business Overview
- • Core business model: Payments solutions provider requiring bank sponsorship and card brand registrations for transaction processing
- • Emphasis on compliance with evolving global payments regulations and potential impacts on service offerings and financial performance
- • International revenue steady at 39% in 2025 and 2024, with highlighted risks including geopolitical instability and currency fluctuations
- • Risk management challenges for rapidly evolving business environment and exposure to natural disasters in key locations like California, Texas, India
- • Ongoing environmental liabilities related to historical manufacturing operations, including Kalamazoo River remediation efforts
Management Discussion & Analysis
- • Operating cash flow $(210)M in 2025, adjusted free cash flow $27M despite $(165)M capex
- • No outstanding balance on $200M term loan and $500M revolver as of 12/31/25; $24M in letters of credit outstanding
- • $650M 5.000% senior unsecured notes due 2028, $403M 5.125% due 2029, $52M 5.250% due 2030 outstanding
- • Cash taxes paid $284M related to Digital Banking Sale, pension contributions $26M, environmental operations cash $37M
- • No revenue or segment profitability data disclosed in provided excerpt, no forward guidance mentioned
Risk Factors
- • Tax payment $284M related to Digital Banking Sale increased 2025 operating cash outflow to $210M
- • Net cash used in operating activities from discontinued operations $302M in 2024, zero in 2025 post Digital Banking Sale
- • Investment in capital expenditures $165M in 2025 focused on software and equipment to support business operations
- • Share repurchases $74M each for preferred and common stock in 2025 under active buyback program
- • Termination of $300M trade receivables facility in 2024 increased investing cash outflow reflecting liquidity restructuring
NCR Voyix Corp FY2025 Key Financial MetricsXBRL
Revenue
$2.7B
▼ -4.9% YoY
Net Income
$62M
▼ -93.5% YoY
Operating Margin
1.0%
▲ +228bp YoY
Net Margin
2.3%
▼ -3159bp YoY
ROE
6.5%
▼ -9614bp YoY
Total Assets
$3.9B
▼ -11.9% YoY
EPS (Diluted)
$0.30
▼ -95.4% YoY
Operating Cash Flow
-$210M
▼ -59.1% YoY
Source: XBRL data from NCR Voyix Corp FY2025 10-K filing on SEC EDGAR. All figures in USD.
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