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NCR Atleos (NATL) Financials

NCR Atleos logo
$46.29 -0.33 (-0.71%)
As of 09/14/2026 03:58 PM Eastern
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Annual Income Statements for NCR Atleos

Annual Income Statements for NCR Atleos

This table shows NCR Atleos' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 99 -150 80 162
Consolidated Net Income / (Loss)		 98 -148 81 162
Net Income / (Loss) Continuing Operations		 -7.00 -242 81 162
Total Pre-Tax Income 		146 89 125 189
Total Operating Income		 258 263 437 478
Total Gross Profit		 803 834 1,020 1,061
Total Revenue		 4,122 4,186 4,305 4,354
Operating Revenue		 4,122 4,186 4,305 4,354
Total Cost of Revenue		 3,319 3,352 3,285 3,293
Operating Cost of Revenue		 3,319 3,352 3,285 3,293
Total Operating Expenses		 650 665 583 583
Selling, General & Admin Expense		 586 585 521 513
Research & Development Expense		 64 80 62 70
Total Other Income / (Expense), net		 -112 -174 -312 -289
Interest Expense		 31 90 333 270
Other Income / (Expense), net		 -81 -84 21 -19
Income Tax Expense		 48 237 44 27
Net Income / (Loss) Attributable to Noncontrolling Interest		 -1.00 2.00 1.00 0.00
Basic Earnings per Share		 $1.40 ($2.12) $1.11 $2.20
Weighted Average Basic Shares Outstanding		 70.60M 70.60M 72.20M 73.50M
Diluted Earnings per Share		 $1.40 ($2.12) $1.08 $2.14
Weighted Average Diluted Shares Outstanding		 70.60M 70.60M 74.20M 75.60M
Weighted Average Basic & Diluted Shares Outstanding		 - - 73.04M 73.56M

Quarterly Income Statements for NCR Atleos

This table shows NCR Atleos' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -181 -8.00 30 21 34 14 39 26 74 22 65
Consolidated Net Income / (Loss)		 -180 -8.00 29 20 37 13 38 26 76 22 65
Net Income / (Loss) Continuing Operations		 -185 -8.00 29 20 37 13 38 26 76 22 65
Total Pre-Tax Income 		-138 -4.00 33 30 59 22 57 33 67 33 90
Total Operating Income		 27 72 108 114 138 93 119 110 152 84 156
Total Gross Profit		 193 221 251 256 286 232 252 271 302 234 309
Total Revenue		 1,093 1,050 1,080 1,073 1,097 979 1,102 1,121 1,149 1,043 1,103
Operating Revenue		 1,093 1,050 1,080 1,073 1,097 979 1,102 1,121 1,149 1,043 1,103
Total Cost of Revenue		 900 829 829 817 811 747 850 850 847 809 794
Operating Cost of Revenue		 900 829 829 817 811 747 850 850 847 809 794
Total Operating Expenses		 166 149 143 142 148 139 133 161 150 150 153
Selling, General & Admin Expense		 140 132 132 127 130 122 116 143 132 130 133
Research & Development Expense		 26 17 11 15 18 17 17 18 18 20 20
Total Other Income / (Expense), net		 -170 -76 -75 -84 -79 -71 -62 -77 -85 -51 -66
Interest Expense		 - 79 79 79 96 67 69 68 66 63 62
Other Income / (Expense), net		 -90 3.00 4.00 -5.00 17 -4.00 7.00 -9.00 -19 12 -4.00
Income Tax Expense		 42 4.00 4.00 10 22 9.00 19 7.00 -9.00 11 25
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.00 0.00 -1.00 -1.00 3.00 -1.00 -1.00 0.00 2.00 0.00 0.00
Basic Earnings per Share		 ($2.56) ($0.11) $0.42 $0.29 $0.47 $0.19 $0.53 $0.35 $1.01 $0.30 $0.88
Weighted Average Basic Shares Outstanding		 70.60M 71.60M 72.20M 72.30M 72.20M 73.10M 73.50M 73.70M 73.50M 73.60M 73.80M
Diluted Earnings per Share		 ($2.56) ($0.11) $0.41 $0.28 $0.46 $0.19 $0.52 $0.34 $0.97 $0.29 $0.86
Weighted Average Diluted Shares Outstanding		 70.60M 71.60M 73.70M 74.50M 74.20M 75.20M 74.90M 76M 75.60M 75.60M 75.80M
Weighted Average Basic & Diluted Shares Outstanding		 0.00 72.12M 72.32M 72.49M 73.04M 73.45M 73.59M 73.90M 73.56M 73.78M 73.90M

Annual Cash Flow Statements for NCR Atleos

This table details how cash moves in and out of NCR Atleos' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 40 70 55 3.00
Net Cash From Operating Activities		 274 355 344 356
Net Cash From Continuing Operating Activities		 274 355 344 356
Net Income / (Loss) Continuing Operations		 98 -148 81 162
Consolidated Net Income / (Loss)		 98 -148 81 162
Depreciation Expense		 127 254 287 277
Non-Cash Adjustments To Reconcile Net Income		 118 -97 -7.00 -47
Changes in Operating Assets and Liabilities, net		 -201 346 -17 -36
Net Cash From Investing Activities		 -417 -316 -135 -116
Net Cash From Continuing Investing Activities		 -417 -316 -135 -116
Purchase of Property, Plant & Equipment		 -97 -132 -126 -156
Acquisitions		 -78 -1.00 -13 -17
Purchase of Investments		 0.00 -10 4.00 1.00
Sale of Property, Plant & Equipment		 - 0.00 0.00 45
Divestitures		 0.00 0.00 1.00 11
Other Investing Activities, net		 -242 -173 -1.00 0.00
Net Cash From Financing Activities		 183 31 -134 -253
Net Cash From Continuing Financing Activities		 183 31 -134 -253
Repayment of Debt		 -604 -541 -1,519 -1,172
Repurchase of Common Equity		 - 0.00 0.00 -28
Issuance of Debt		 68 3,636 1,404 976
Issuance of Common Equity		 0.00 0.00 4.00 11
Other Financing Activities, net		 719 -3,064 -23 -40
Effect of Exchange Rate Changes		 - - -20 16

Quarterly Cash Flow Statements for NCR Atleos

This table details how cash moves in and out of NCR Atleos' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -2,137 21 23 54 -43 41 -32 -63 57 -48 9.00
Net Cash From Operating Activities		 8.00 148 9.00 107 80 123 -23 25 231 -9.00 30
Net Cash From Continuing Operating Activities		 8.00 148 9.00 107 81 123 -23 25 231 -9.00 30
Net Income / (Loss) Continuing Operations		 -180 -8.00 30 15 38 13 42 19 85 22 65
Consolidated Net Income / (Loss)		 -180 -8.00 30 15 38 13 42 19 85 22 65
Depreciation Expense		 36 73 71 74 35 69 72 70 66 70 72
Non-Cash Adjustments To Reconcile Net Income		 -130 -2.00 - 9.00 - 1.00 -24 -14 -10 -11 -22
Changes in Operating Assets and Liabilities, net		 247 85 -92 9.00 -26 40 -113 -50 90 -90 -85
Net Cash From Investing Activities		 -47 -31 -40 -39 -25 -37 - -51 -28 -25 -27
Net Cash From Continuing Investing Activities		 -47 -31 -40 -39 -25 -37 - -51 -28 -25 -27
Purchase of Property, Plant & Equipment		 -47 -30 -32 -33 -31 -41 -35 -43 -37 -37 -37
Net Cash From Financing Activities		 -2,098 -87 57 -19 -85 -49 -17 -36 -151 -11 5.00
Net Cash From Continuing Financing Activities		 -2,098 -87 57 -19 -85 -49 -17 -36 -151 -11 5.00
Repayment of Debt		 -227 -155 -395 -401 -568 -175 -312 -356 -329 -239 -170
Issuance of Debt		 1,418 74 459 386 485 150 290 321 215 260 180
Other Financing Activities, net		 -3,289 -6.00 -8.00 -6.00 -3.00 -24 -2.00 -1.00 -13 -16 -5.00
Effect of Exchange Rate Changes		 - -9.00 -3.00 5.00 - 4.00 8.00 -1.00 5.00 -3.00 1.00

Annual Balance Sheets for NCR Atleos

This table presents NCR Atleos' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Total Assets		 5,702 5,535 5,668
Total Current Assets		 1,861 1,749 1,824
Cash & Equivalents		 339 419 456
Restricted Cash		 238 210 175
Accounts Receivable		 707 581 550
Inventories, net		 333 307 342
Other Current Assets		 244 232 301
Plant, Property, & Equipment, net		 468 474 511
Total Noncurrent Assets		 3,373 3,312 3,333
Goodwill		 1,952 1,950 1,958
Intangible Assets		 635 550 498
Noncurrent Deferred & Refundable Income Taxes		 254 285 288
Employee Benefit Assets		 219 227 259
Other Noncurrent Operating Assets		 313 300 330
Total Liabilities & Shareholders' Equity		 5,702 5,535 5,668
Total Liabilities		 5,480 5,312 5,266
Total Current Liabilities		 1,773 1,722 1,899
Short-Term Debt		 76 81 86
Accounts Payable		 505 564 617
Current Deferred Revenue		 332 328 383
Current Employee Benefit Liabilities		 149 145 139
Other Current Liabilities		 711 604 674
Total Noncurrent Liabilities		 3,707 3,590 3,367
Long-Term Debt		 2,938 2,859 2,672
Noncurrent Deferred Revenue		 36 37 24
Noncurrent Deferred & Payable Income Tax Liabilities		 34 40 41
Noncurrent Employee Benefit Liabilities		 449 424 356
Other Noncurrent Operating Liabilities		 250 230 274
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 222 223 402
Total Preferred & Common Equity		 219 219 403
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 219 219 403
Common Stock		 13 48 66
Retained Earnings		 117 188 299
Accumulated Other Comprehensive Income / (Loss)		 89 -17 38
Noncontrolling Interest		 3.00 4.00 -1.00

Quarterly Balance Sheets for NCR Atleos

This table presents NCR Atleos' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 5,776 5,765 5,748 5,739 5,814 5,650 5,641 5,664
Total Current Assets		 1,983 1,979 1,931 1,937 1,976 1,817 1,815 1,848
Cash & Equivalents		 343 374 395 352 357 412 433 429
Restricted Cash		 256 249 279 316 279 162 151 164
Accounts Receivable		 742 707 623 658 669 569 575 601
Inventories, net		 330 329 351 356 400 383 366 351
Other Current Assets		 312 320 283 255 271 291 290 303
Plant, Property, & Equipment, net		 461 457 457 479 480 484 509 524
Total Noncurrent Assets		 3,332 3,329 3,360 3,323 3,358 3,349 3,317 3,292
Goodwill		 1,951 1,951 1,954 1,951 1,953 1,959 1,958 1,957
Intangible Assets		 606 596 583 553 534 519 474 451
Noncurrent Deferred & Refundable Income Taxes		 253 265 285 297 305 290 283 279
Employee Benefit Assets		 215 221 238 237 261 262 263 263
Other Noncurrent Operating Assets		 307 296 300 285 305 319 339 342
Total Liabilities & Shareholders' Equity		 5,776 5,765 5,748 5,739 5,814 5,650 5,641 5,664
Total Liabilities		 5,489 5,514 5,486 5,461 5,462 5,319 5,245 5,200
Total Current Liabilities		 1,883 1,853 1,799 1,888 1,887 1,784 1,851 1,802
Short-Term Debt		 80 84 88 81 81 80 80 84
Accounts Payable		 530 571 545 542 593 530 597 597
Current Deferred Revenue		 332 318 304 403 395 358 435 408
Current Employee Benefit Liabilities		 132 145 152 120 119 137 106 104
Other Current Liabilities		 809 735 710 742 699 679 633 609
Total Noncurrent Liabilities		 3,606 3,661 3,687 3,573 3,575 3,535 3,394 3,398
Long-Term Debt		 2,857 2,921 2,906 2,833 2,816 2,789 2,703 2,711
Noncurrent Deferred Revenue		 36 37 38 37 34 35 24 26
Noncurrent Deferred & Payable Income Tax Liabilities		 29 29 34 47 50 53 41 37
Noncurrent Employee Benefit Liabilities		 447 445 445 425 425 410 358 344
Other Noncurrent Operating Liabilities		 237 229 264 231 250 248 268 280
Commitments & Contingencies		 - - - 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 287 251 262 278 352 331 396 464
Total Preferred & Common Equity		 283 250 264 275 350 330 396 464
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 283 250 264 275 350 330 396 464
Common Stock		 15 24 32 49 56 65 67 76
Retained Earnings		 165 167 191 249 276 268 306 371
Accumulated Other Comprehensive Income / (Loss)		 103 59 41 -23 18 -3.00 23 17
Noncontrolling Interest		 4.00 1.00 -2.00 3.00 2.00 1.00 0.00 0.00

Annual Metrics And Ratios for NCR Atleos

This table displays calculated financial ratios and metrics derived from NCR Atleos' official financial filings.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - 73,904,136.00
DEI Adjusted Shares Outstanding		 - - - 73,904,136.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - 2.19
Growth Metrics		 - - - -
Revenue Growth		 0.00% 1.55% 2.84% 1.14%
EBITDA Growth		 0.00% -0.69% 72.06% -1.21%
EBIT Growth		 0.00% 1.13% 155.87% 0.22%
NOPAT Growth		 0.00% -352.54% 164.75% 44.69%
Net Income Growth		 0.00% -251.02% 154.73% 100.00%
EPS Growth		 0.00% -251.43% 150.94% 98.15%
Operating Cash Flow Growth		 0.00% 29.56% -3.10% 3.49%
Free Cash Flow Firm Growth		 0.00% 0.00% 113.18% 1.60%
Invested Capital Growth		 0.00% 0.00% -4.70% -0.20%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 1.09%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 18.71%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -5.94%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 30.35%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 28.57%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 28.14%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 73.66%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 53.41%
Invested Capital Q/Q Growth		 0.00% 0.00% -1.86% -3.69%
Profitability Metrics		 - - - -
Gross Margin		 19.48% 19.92% 23.69% 24.37%
EBITDA Margin		 10.58% 10.34% 17.31% 16.90%
Operating Margin		 6.26% 6.28% 10.15% 10.98%
EBIT Margin		 4.29% 4.28% 10.64% 10.54%
Profit (Net Income) Margin		 2.38% -3.54% 1.88% 3.72%
Tax Burden Percent		 67.12% -166.29% 64.80% 85.71%
Interest Burden Percent		 82.49% 49.72% 27.29% 41.18%
Effective Tax Rate		 32.88% 266.29% 35.20% 14.29%
Return on Invested Capital (ROIC)		 0.00% -32.90% 10.91% 16.18%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -9.15% 2.39% 5.02%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -100.44% 25.50% 35.66%
Return on Equity (ROE)		 0.00% -133.33% 36.40% 51.84%
Cash Return on Invested Capital (CROIC)		 0.00% -232.90% 15.72% 16.38%
Operating Return on Assets (OROA)		 0.00% 3.14% 8.15% 8.19%
Return on Assets (ROA)		 0.00% -2.60% 1.44% 2.89%
Return on Common Equity (ROCE)		 0.00% -131.53% 35.83% 51.59%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 173 -437 283 410
NOPAT Margin		 4.20% -10.45% 6.58% 9.41%
Net Nonoperating Expense Percent (NNEP)		 0.00% -23.75% 8.52% 11.16%
Return On Investment Capital (ROIC_SIMPLE)		 - -13.52% 8.95% 12.97%
Cost of Revenue to Revenue		 80.52% 80.08% 76.31% 75.63%
SG&A Expenses to Revenue		 14.22% 13.98% 12.10% 11.78%
R&D to Revenue		 1.55% 1.91% 1.44% 1.61%
Operating Expenses to Revenue		 15.77% 15.89% 13.54% 13.39%
Earnings before Interest and Taxes (EBIT)		 177 179 458 459
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 436 433 745 736
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 11.23 6.99
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.57 0.65
Price to Earnings (P/E)		 0.00 0.00 30.73 17.39
Dividend Yield		 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 3.25% 5.75%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 1.88 1.95
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 1.11 1.14
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 6.41 6.72
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 10.42 10.77
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 16.86 12.06
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 13.88 13.88
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 11.70 11.92
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 13.58 13.18 6.86
Long-Term Debt to Equity		 0.00 13.23 12.82 6.65
Financial Leverage		 0.00 10.98 10.67 7.10
Leverage Ratio		 0.00 25.68 25.25 17.92
Compound Leverage Factor		 0.00 12.77 6.89 7.38
Debt to Total Capital		 0.00% 93.14% 92.95% 87.28%
Short-Term Debt to Total Capital		 0.00% 2.35% 2.56% 2.72%
Long-Term Debt to Total Capital		 0.00% 90.79% 90.39% 84.56%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.09% 0.13% -0.03%
Common Equity to Total Capital		 0.00% 6.77% 6.92% 12.75%
Debt to EBITDA		 0.00 6.96 3.95 3.75
Net Debt to EBITDA		 0.00 5.63 3.10 2.89
Long-Term Debt to EBITDA		 0.00 6.79 3.84 3.63
Debt to NOPAT		 0.00 -6.89 10.38 6.73
Net Debt to NOPAT		 0.00 -5.57 8.16 5.19
Long-Term Debt to NOPAT		 0.00 -6.72 10.10 6.52
Altman Z-Score		 0.00 0.00 1.38 1.41
Noncontrolling Interest Sharing Ratio		 0.00% 1.35% 1.57% 0.48%
Liquidity Ratios		 - - - -
Current Ratio		 0.00 1.05 1.02 0.96
Quick Ratio		 0.00 0.59 0.58 0.53
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -3,096 408 415
Operating Cash Flow to CapEx		 282.47% 268.94% 273.02% 320.72%
Free Cash Flow to Firm to Interest Expense		 0.00 -34.40 1.23 1.54
Operating Cash Flow to Interest Expense		 8.84 3.94 1.03 1.32
Operating Cash Flow Less CapEx to Interest Expense		 5.71 2.48 0.65 0.91
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.73 0.77 0.78
Accounts Receivable Turnover		 0.00 5.92 6.68 7.70
Inventory Turnover		 0.00 10.07 10.27 10.15
Fixed Asset Turnover		 0.00 8.94 9.14 8.84
Accounts Payable Turnover		 0.00 6.64 6.15 5.58
Days Sales Outstanding (DSO)		 0.00 61.65 54.60 47.41
Days Inventory Outstanding (DIO)		 0.00 36.26 35.56 35.97
Days Payable Outstanding (DPO)		 0.00 54.99 59.39 65.45
Cash Conversion Cycle (CCC)		 0.00 42.92 30.77 17.92
Capital & Investment Metrics		 - - - -
Invested Capital		 0.00 2,659 2,534 2,529
Invested Capital Turnover		 0.00 3.15 1.66 1.72
Increase / (Decrease) in Invested Capital		 0.00 2,659 -125 -5.00
Enterprise Value (EV)		 0.00 0.00 4,774 4,942
Market Capitalization		 0.00 0.00 2,459 2,816
Book Value per Share		 $0.00 $3.10 $3.02 $5.45
Tangible Book Value per Share		 $0.00 ($33.54) ($31.47) ($27.78)
Total Capital		 0.00 3,236 3,163 3,160
Total Debt		 0.00 3,014 2,940 2,758
Total Long-Term Debt		 0.00 2,938 2,859 2,672
Net Debt		 0.00 2,437 2,311 2,127
Capital Expenditures (CapEx)		 97 132 126 111
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -413 -521 -620
Debt-free Net Working Capital (DFNWC)		 0.00 164 108 11
Net Working Capital (NWC)		 0.00 88 27 -75
Net Nonoperating Expense (NNE)		 75 -289 202 248
Net Nonoperating Obligations (NNO)		 0.00 2,437 2,311 2,127
Total Depreciation and Amortization (D&A)		 259 254 287 277
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -9.87% -12.10% -14.24%
Debt-free Net Working Capital to Revenue		 0.00% 3.92% 2.51% 0.25%
Net Working Capital to Revenue		 0.00% 2.10% 0.63% -1.72%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.11 $2.20
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 72.20M 73.50M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.08 $2.14
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 74.20M 75.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 73.04M 73.56M
Normalized Net Operating Profit after Tax (NOPAT)		 173 184 283 410
Normalized NOPAT Margin		 4.20% 4.40% 6.58% 9.41%
Pre Tax Income Margin		 3.54% 2.13% 2.90% 4.34%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 5.71 1.99 1.38 1.70
NOPAT to Interest Expense		 5.59 -4.86 0.85 1.52
EBIT Less CapEx to Interest Expense		 2.58 0.52 1.00 1.29
NOPAT Less CapEx to Interest Expense		 2.46 -6.33 0.47 1.11
Payout Ratios		 - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 17.28%

Quarterly Metrics And Ratios for NCR Atleos

This table displays calculated financial ratios and metrics derived from NCR Atleos' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - 73,904,136.00 73,561,203.00 73,779,817.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 73,904,136.00 73,561,203.00 73,779,817.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - 1.00 0.30 0.88
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 6.49% 3.85% 0.56% 0.37% -6.67% 2.22% 4.47% 4.27% 6.54% 0.09%
EBITDA Growth		 0.00% 17.46% 30.71% 15.09% 2,700.00% 9.46% 11.48% -6.56% -13.85% 5.06% 13.13%
EBIT Growth		 0.00% 13.64% 40.00% 13.54% 346.03% 24.00% 17.86% -7.34% -17.90% 7.87% 20.63%
NOPAT Growth		 0.00% 27.96% 73.28% 231.87% 357.90% 17.22% -11.69% 14.04% 98.94% 1.90% 42.02%
Net Income Growth		 0.00% -121.62% -44.23% 135.09% 120.56% 300.00% 51.72% 30.00% 90.00% 69.23% 71.05%
EPS Growth		 0.00% -121.57% -45.33% 134.15% 117.97% 309.09% 46.34% 21.43% 94.00% 52.63% 65.38%
Operating Cash Flow Growth		 0.00% 23.33% -88.75% -27.21% 900.00% -16.89% -355.56% -76.64% 188.75% -107.32% 220.00%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 106.22% 104.09% 101.70% -16.18% -109.62% -39.93%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% -4.70% -3.85% -0.76% 1.70% -0.20% 2.81% 2.03%
Revenue Q/Q Growth		 2.44% -4.37% 2.86% -0.65% 1.76% -11.55% 12.65% 1.54% 2.50% -9.23% 5.75%
EBITDA Q/Q Growth		 -94.97% 469.23% 23.65% 0.00% 17.89% -31.06% 25.93% -16.18% 16.37% -16.58% 34.94%
EBIT Q/Q Growth		 -165.63% 266.67% 49.33% -2.68% 33.62% -43.98% 41.94% -23.48% 31.68% -27.82% 58.33%
NOPAT Q/Q Growth		 132.79% 105.71% 88.31% -19.92% 16.99% -40.92% 41.87% 3.41% 98.94% -67.52% 101.19%
Net Income Q/Q Growth		 -215.79% 95.12% 462.50% -31.03% 60.87% -67.35% 175.00% -40.91% 192.31% -71.05% 195.45%
EPS Q/Q Growth		 -212.20% 95.30% 472.73% -31.71% 43.75% -63.49% 160.87% -43.33% 185.29% -70.10% 196.55%
Operating Cash Flow Q/Q Growth		 -94.56% 1,750.00% -93.92% 1,088.89% -25.23% 53.75% -118.70% 208.70% 824.00% -103.90% 433.33%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 1.42% 1.26% 108.43% -25.54% -35.15% -58.90% 315.82% -108.45% 497.78%
Invested Capital Q/Q Growth		 0.00% -2.27% 0.30% -1.94% -1.86% -1.83% 3.53% 0.50% -3.69% 2.61% 2.74%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 17.66% 21.05% 23.24% 23.86% 26.07% 23.98% 22.92% 24.17% 26.28% 22.44% 28.01%
EBITDA Margin		 0.73% 14.10% 16.94% 17.06% 20.42% 16.53% 18.48% 15.25% 17.32% 15.92% 20.31%
Operating Margin		 2.47% 6.86% 10.00% 10.62% 12.58% 9.80% 10.87% 9.81% 13.23% 8.05% 14.14%
EBIT Margin		 -5.76% 7.14% 10.37% 10.16% 14.13% 9.49% 11.96% 9.01% 11.58% 9.20% 13.78%
Profit (Net Income) Margin		 -16.47% -0.76% 2.69% 1.86% 3.37% 1.63% 3.99% 2.32% 6.61% 2.11% 5.89%
Tax Burden Percent		 130.43% 200.00% 87.88% 66.67% 62.71% 61.54% 69.84% 78.79% 113.43% 66.67% 72.22%
Interest Burden Percent		 219.05% -5.33% 29.46% 27.52% 38.06% 27.96% 47.73% 32.67% 50.38% 34.38% 59.21%
Effective Tax Rate		 0.00% 0.00% 12.12% 33.33% 37.29% 38.46% 30.16% 21.21% -13.43% 33.33% 27.78%
Return on Invested Capital (ROIC)		 2.72% 15.56% 28.67% 23.57% 13.08% 9.94% 12.36% 12.79% 25.81% 9.27% 17.10%
ROIC Less NNEP Spread (ROIC-NNEP)		 -5.44% 10.57% 23.14% 18.74% 10.99% 8.07% 10.65% 10.16% 21.46% 7.74% 14.96%
Return on Net Nonoperating Assets (RNNOA)		 -59.71% 86.07% 219.56% 165.96% 117.29% 65.43% 81.97% 79.06% 152.41% 51.03% 81.85%
Return on Equity (ROE)		 -56.99% 101.63% 248.23% 189.53% 130.37% 75.38% 94.34% 91.84% 178.22% 60.30% 98.95%
Cash Return on Invested Capital (CROIC)		 -116.45% 0.00% 0.00% 0.00% 15.72% 16.53% 12.93% 10.38% 16.38% 12.89% 14.28%
Operating Return on Assets (OROA)		 -4.23% 5.26% 7.73% 7.59% 10.83% 7.00% 8.82% 6.81% 9.00% 7.15% 10.61%
Return on Assets (ROA)		 -12.09% -0.56% 2.00% 1.39% 2.58% 1.20% 2.94% 1.75% 5.14% 1.64% 4.54%
Return on Common Equity (ROCE)		 -56.22% 100.21% 247.24% 190.98% 128.32% 74.44% 93.87% 92.00% 177.37% 60.03% 98.71%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -62.54% 0.00% 0.00% 0.00% 42.18% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 19 50 95 76 87 59 84 87 172 56 113
NOPAT Margin		 1.73% 4.80% 8.79% 7.08% 7.89% 6.03% 7.59% 7.73% 15.01% 5.37% 10.21%
Net Nonoperating Expense Percent (NNEP)		 8.16% 5.00% 5.53% 4.83% 2.09% 1.88% 1.71% 2.63% 4.35% 1.53% 2.14%
Return On Investment Capital (ROIC_SIMPLE)		 0.58% 1.56% 2.91% 2.33% 2.74% 1.85% 2.58% 2.71% 5.46% 1.76% 3.46%
Cost of Revenue to Revenue		 82.34% 78.95% 76.76% 76.14% 73.93% 76.02% 77.08% 75.83% 73.72% 77.56% 71.99%
SG&A Expenses to Revenue		 12.81% 12.57% 12.22% 11.84% 11.85% 12.45% 10.51% 12.76% 11.49% 12.46% 12.06%
R&D to Revenue		 2.38% 1.62% 1.02% 1.40% 1.64% 1.73% 1.54% 1.61% 1.57% 1.92% 1.81%
Operating Expenses to Revenue		 15.19% 14.19% 13.24% 13.23% 13.49% 14.18% 12.05% 14.36% 13.05% 14.38% 13.87%
Earnings before Interest and Taxes (EBIT)		 -63 75 112 109 155 93 132 101 133 96 152
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 8.00 148 183 183 224 162 204 171 199 166 224
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 7.79 7.82 11.23 7.01 5.99 8.77 6.99 8.10 6.90
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.45 0.48 0.57 0.45 0.49 0.67 0.65 0.73 0.72
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 30.73 16.61 16.00 23.14 17.39 18.86 16.34
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 3.25% 6.02% 6.25% 4.32% 5.75% 5.30% 6.12%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 1.65 1.70 1.88 1.65 1.67 1.98 1.95 2.08 2.03
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 1.01 1.02 1.11 0.98 1.02 1.20 1.14 1.22 1.22
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 9.58 9.00 6.41 6.72 6.79 8.37 6.72 7.26 7.02
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 18.20 18.80 10.42 8.59 8.61 10.63 10.77 11.60 10.99
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 20.22 19.50 16.86 12.86 13.65 16.51 12.06 13.48 12.57
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 13.88 16.11 13.88 13.09 15.19 25.31 13.88 24.13 19.37
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 11.70 9.81 12.85 19.19 11.92 16.38 14.34
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 13.58 10.23 11.97 11.43 13.18 10.48 8.23 8.67 6.86 7.03 6.02
Long-Term Debt to Equity		 13.23 9.95 11.64 11.09 12.82 10.19 8.00 8.43 6.65 6.83 5.84
Financial Leverage		 10.98 8.15 9.49 8.86 10.67 8.11 7.70 7.78 7.10 6.60 5.47
Leverage Ratio		 25.68 20.13 22.97 21.94 25.25 20.38 19.20 19.22 17.92 16.88 14.07
Compound Leverage Factor		 56.26 -1.07 6.77 6.04 9.61 5.70 9.16 6.28 9.03 5.80 8.33
Debt to Total Capital		 93.14% 91.10% 92.29% 91.95% 92.95% 91.29% 89.17% 89.66% 87.28% 87.54% 85.76%
Short-Term Debt to Total Capital		 2.35% 2.48% 2.58% 2.70% 2.56% 2.54% 2.49% 2.50% 2.72% 2.52% 2.58%
Long-Term Debt to Total Capital		 90.79% 88.62% 89.71% 89.25% 90.39% 88.75% 86.67% 87.16% 84.56% 85.03% 83.19%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.09% 0.12% 0.03% -0.06% 0.13% 0.09% 0.06% 0.03% -0.03% 0.00% 0.00%
Common Equity to Total Capital		 6.77% 8.78% 7.68% 8.11% 6.92% 8.62% 10.77% 10.31% 12.75% 12.46% 14.24%
Debt to EBITDA		 6.96 7.79 6.65 6.15 3.95 4.69 4.51 4.63 3.75 3.74 3.63
Net Debt to EBITDA		 5.63 6.20 5.27 4.76 3.10 3.62 3.52 3.70 2.89 2.96 2.86
Long-Term Debt to EBITDA		 6.79 7.58 6.46 5.97 3.84 4.56 4.39 4.50 3.63 3.63 3.52
Debt to NOPAT		 -6.89 -2.46 14.03 13.32 10.38 8.98 9.07 9.13 6.73 6.94 6.50
Net Debt to NOPAT		 -5.57 -1.96 11.12 10.32 8.16 6.92 7.08 7.30 5.19 5.48 5.12
Long-Term Debt to NOPAT		 -6.72 -2.39 13.64 12.93 10.10 8.73 8.82 8.87 6.52 6.74 6.30
Altman Z-Score		 0.00 0.00 1.09 1.11 1.20 1.08 1.12 1.22 1.22 1.27 1.34
Noncontrolling Interest Sharing Ratio		 1.35% 1.39% 0.40% -0.76% 1.57% 1.24% 0.50% -0.17% 0.48% 0.45% 0.25%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.05 1.05 1.07 1.07 1.02 1.03 1.05 1.02 0.96 0.98 1.03
Quick Ratio		 0.59 0.58 0.58 0.57 0.58 0.54 0.54 0.55 0.53 0.54 0.57
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -2,575 -2,538 -2,506 212 160 104 43 177 -15 60
Operating Cash Flow to CapEx		 17.02% 493.33% 28.13% 324.24% 258.06% 300.00% -65.71% 80.65% 825.00% -24.32% 81.08%
Free Cash Flow to Firm to Interest Expense		 0.00 -32.59 -32.13 -31.72 2.20 2.39 1.50 0.63 2.69 -0.24 0.96
Operating Cash Flow to Interest Expense		 0.00 1.87 0.11 1.35 0.83 1.84 -0.33 0.37 3.50 -0.14 0.48
Operating Cash Flow Less CapEx to Interest Expense		 0.00 1.49 -0.29 0.94 0.51 1.22 -0.84 -0.09 3.08 -0.73 -0.11
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.73 0.74 0.75 0.75 0.77 0.74 0.74 0.76 0.78 0.78 0.77
Accounts Receivable Turnover		 5.92 5.73 6.08 6.90 6.68 6.07 6.21 7.23 7.70 7.17 6.96
Inventory Turnover		 10.07 10.26 10.31 9.62 10.27 9.33 8.84 8.87 10.15 9.29 8.79
Fixed Asset Turnover		 8.94 9.23 9.40 9.40 9.14 9.04 9.12 9.15 8.84 8.94 8.80
Accounts Payable Turnover		 6.64 6.39 5.94 6.19 6.15 5.97 5.54 6.06 5.58 5.89 5.54
Days Sales Outstanding (DSO)		 61.65 63.65 60.08 52.93 54.60 60.16 58.80 50.51 47.41 50.93 52.45
Days Inventory Outstanding (DIO)		 36.26 35.57 35.41 37.96 35.56 39.12 41.29 41.14 35.97 39.27 41.55
Days Payable Outstanding (DPO)		 54.99 57.13 61.46 58.94 59.39 61.14 65.93 60.25 65.45 61.96 65.83
Cash Conversion Cycle (CCC)		 42.92 42.09 34.03 31.95 30.77 38.15 34.16 31.40 17.92 28.25 28.16
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,659 2,625 2,633 2,582 2,534 2,524 2,613 2,626 2,529 2,595 2,666
Invested Capital Turnover		 1.57 3.24 3.26 3.33 1.66 1.65 1.63 1.65 1.72 1.73 1.67
Increase / (Decrease) in Invested Capital		 0.00 2,625 2,633 2,582 -125 -101 -20 44 -5.00 71 53
Enterprise Value (EV)		 0.00 0.00 4,332 4,381 4,774 4,176 4,359 5,189 4,942 5,405 5,405
Market Capitalization		 0.00 0.00 1,949 2,063 2,459 1,927 2,096 2,893 2,816 3,206 3,203
Book Value per Share		 $3.10 $3.95 $3.47 $3.65 $3.02 $3.77 $4.76 $4.48 $5.45 $5.38 $6.29
Tangible Book Value per Share		 ($33.54) ($31.76) ($31.85) ($31.43) ($31.47) ($30.52) ($29.09) ($29.19) ($27.78) ($27.68) ($26.35)
Total Capital		 3,236 3,224 3,256 3,256 3,163 3,192 3,249 3,200 3,160 3,179 3,259
Total Debt		 3,014 2,937 3,005 2,994 2,940 2,914 2,897 2,869 2,758 2,783 2,795
Total Long-Term Debt		 2,938 2,857 2,921 2,906 2,859 2,833 2,816 2,789 2,672 2,703 2,711
Net Debt		 2,437 2,338 2,382 2,320 2,311 2,246 2,261 2,295 2,127 2,199 2,202
Capital Expenditures (CapEx)		 47 30 32 33 31 41 35 31 28 37 37
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -413 -419 -413 -454 -521 -538 -466 -461 -620 -540 -463
Debt-free Net Working Capital (DFNWC)		 164 180 210 220 108 130 170 113 11 44 130
Net Working Capital (NWC)		 88 100 126 132 27 49 89 33 -75 -36 46
Net Nonoperating Expense (NNE)		 199 58 66 56 50 43 40 61 96 34 48
Net Nonoperating Obligations (NNO)		 2,437 2,338 2,382 2,320 2,311 2,246 2,261 2,295 2,127 2,199 2,202
Total Depreciation and Amortization (D&A)		 71 73 71 74 69 69 72 70 66 70 72
Debt-free, Cash-free Net Working Capital to Revenue		 -9.87% -9.85% -9.62% -10.57% -12.10% -12.67% -10.91% -10.70% -14.24% -12.22% -10.48%
Debt-free Net Working Capital to Revenue		 3.92% 4.23% 4.89% 5.12% 2.51% 3.06% 3.98% 2.62% 0.25% 1.00% 2.94%
Net Working Capital to Revenue		 2.10% 2.35% 2.93% 3.07% 0.63% 1.15% 2.08% 0.77% -1.72% -0.81% 1.04%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($2.56) ($0.11) $0.40 $0.33 $0.47 $0.23 $0.61 $0.35 $1.01 $0.30 $0.88
Adjusted Weighted Average Basic Shares Outstanding		 70.60M 71.60M 72.20M 72.30M 72.20M 73.10M 73.50M 73.70M 73.50M 73.60M 73.80M
Adjusted Diluted Earnings per Share		 ($2.56) ($0.11) $0.39 $0.32 $0.46 $0.23 $0.60 $0.34 $0.97 $0.29 $0.86
Adjusted Weighted Average Diluted Shares Outstanding		 70.60M 71.60M 73.70M 74.50M 74.20M 75.20M 74.90M 76M 75.60M 75.60M 75.80M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 72.12M 72.32M 72.49M 73.04M 73.45M 73.59M 73.90M 73.56M 73.78M 73.90M
Normalized Net Operating Profit after Tax (NOPAT)		 19 50 95 76 87 59 84 87 106 56 113
Normalized NOPAT Margin		 1.73% 4.80% 8.79% 7.08% 7.89% 6.03% 7.59% 7.73% 9.26% 5.37% 10.21%
Pre Tax Income Margin		 -12.63% -0.38% 3.06% 2.80% 5.38% 2.65% 5.71% 2.94% 5.83% 3.16% 8.16%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.95 1.42 1.38 1.61 1.39 1.91 1.49 2.02 1.52 2.45
NOPAT to Interest Expense		 0.00 0.64 1.20 0.96 0.90 0.88 1.21 1.27 2.61 0.89 1.82
EBIT Less CapEx to Interest Expense		 0.00 0.57 1.01 0.96 1.29 0.78 1.41 1.03 1.59 0.94 1.85
NOPAT Less CapEx to Interest Expense		 0.00 0.26 0.80 0.54 0.58 0.27 0.71 0.82 2.19 0.30 1.22
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 17.28% 25.73% 22.22%

Financials Breakdown Chart

Key Financial Trends

NCR Atleos’ second-quarter 2026 results show meaningful improvement in profitability, although cash generation and leverage remain important risks. Revenue increased to $1.103 billion from $1.043 billion in the first quarter and $1.102 billion in the year-ago quarter. The company’s gross margin expanded to approximately 28.0%, compared with 22.4% in Q1 2026 and 22.9% in Q2 2025.

Operating income rose to $156 million in Q2 from $84 million in Q1 and $119 million in Q2 2025. Operating margin reached roughly 14.1%, the strongest level among the comparable quarterly figures provided. Net income attributable to common shareholders increased to $65 million, or $0.86 per diluted share, versus $22 million, or $0.29 per share, in Q1 2026.

  • Profitability improved sharply. Q2 2026 operating income more than doubled sequentially, while the operating margin improved to approximately 14.1% from 8.1% in Q1.
  • Gross-margin expansion is encouraging. Gross profit increased to $309 million in Q2 from $234 million in Q1, despite revenue rising only 5.8% sequentially. This suggests better cost absorption or a more favorable revenue mix.
  • Interest expense is trending lower. Quarterly interest expense declined to $62 million from $63 million in Q1, $66 million in Q4 2025 and $69 million in Q2 2025. Total debt also fell to approximately $2.795 billion from $2.897 billion a year earlier.
  • Cash-flow performance improved year over year. Operating cash flow was $30 million in Q2 2026, compared with negative $23 million in the restated Q2 2025 period. The company also reported a $9 million increase in cash and equivalents during Q2, versus a $48 million decline in Q1.
  • Working-capital trends were less damaging than a year ago. The use of cash from operating assets and liabilities improved to $85 million in Q2 2026 from $113 million in Q2 2025, although it remained a cash headwind.
  • Revenue growth remains modest. Q2 revenue was essentially flat year over year and remains below Q4 2025’s $1.149 billion. Investors will need to determine whether the recent margin improvement can continue without stronger top-line growth.
  • Cash reserves remain substantial but include restricted cash. NCR Atleos reported $429 million of unrestricted cash and $164 million of restricted cash at quarter-end. The distinction is important because restricted cash may not be readily available for debt repayment or general corporate needs.
  • Free cash flow was approximately negative $7 million in Q2. Operating cash flow of $30 million did not fully cover $37 million of capital expenditures. This follows estimated free cash flow of negative $46 million in Q1 and indicates that earnings are not yet consistently converting into discretionary cash.
  • Balance-sheet leverage remains high. Total liabilities of $5.2 billion represented roughly 92% of total assets, while shareholders’ equity was only $464 million. The current ratio was approximately 1.03, leaving limited excess current-asset coverage over current liabilities.
  • Goodwill and intangible assets create impairment risk. Goodwill of $1.957 billion and intangible assets of $451 million totaled approximately $2.4 billion, or more than 40% of total assets. A deterioration in operating performance could increase the risk of non-cash impairment charges.

Across the reported periods, NCR Atleos has moved from the severe loss recorded in Q4 2023 to consistently positive earnings in the subsequent quarters. However, cash flow has been uneven: operating cash flow was strong in Q4 2025 at $231 million, but was negative in Q1 2025 and Q1 2026 before turning positive in Q2 2026. Investors should therefore watch several more quarters of operating cash flow and free cash flow before treating the Q2 improvement as a durable trend.

The company’s improving margins, rising earnings per share and declining interest expense are constructive. Still, the combination of high debt, a thin equity cushion and weak recent free cash flow means that NCR Atleos remains financially sensitive to any slowdown in revenue or renewed pressure on margins. Several historical periods in the dataset are identified as restated, so comparisons should be interpreted using the latest revised figures where available.

09/15/26 05:30 AM ETAI Generated. May Contain Errors.

NCR Atleos Financials - Frequently Asked Questions

According to the most recent income statement we have on file, NCR Atleos' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

NCR Atleos' net income appears to be on an upward trend, with a most recent value of $162 million in 2025, rising from $98 million in 2022. The previous period was $81 million in 2024. See NCR Atleos' forecast for analyst expectations on what's next for the company.

NCR Atleos' total operating income in 2025 was $478 million, based on the following breakdown:
  • Total Gross Profit: $1.06 billion
  • Total Operating Expenses: $583 million

Over the last 3 years, NCR Atleos' total revenue changed from $4.12 billion in 2022 to $4.35 billion in 2025, a change of 5.6%.

NCR Atleos' total liabilities were at $5.27 billion at the end of 2025, a 0.9% decrease from 2024, and a 3.9% decrease since 2023.

In the past 2 years, NCR Atleos' cash and equivalents has ranged from $339 million in 2023 to $456 million in 2025, and is currently $456 million as of their latest financial filing in 2025.

Over the last 3 years, NCR Atleos' book value per share changed from 0.00 in 2022 to 5.45 in 2025, a change of 545.3%.


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Financial statements for NYSE:NATL last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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They didn't warn anyone in 1971. This time someone is warning you.
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel