NCR Voyix (VYX) Financials

$7.65 -0.13 (-1.68%)

As of 02:53 PM Eastern

Annual Income Statements for NCR Voyix

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-178	270	123	-137	1,018	-110	98	44	-444	943	42
Consolidated Net Income / (Loss)	-174	287	235	-86	564	-78	98	59	-428	957	62
Net Income / (Loss) Continuing Operations	-150	287	240	-34	1,228	-6.00	-337	-369	-733	-201	42
Total Pre-Tax Income	-95	379	482	39	341	-59	-267	-317	-549	-197	-31
Total Operating Income	135	674	691	191	611	221	26	-50	-134	-38	26
Total Gross Profit	1,469	1,818	1,855	1,675	1,921	1,524	925	684	663	577	634
Total Revenue	6,373	6,543	6,516	6,405	6,915	6,207	3,692	3,174	3,166	2,818	2,687
Operating Revenue	6,373	6,543	6,516	6,405	6,915	6,207	3,692	3,174	3,166	2,818	2,687
Total Cost of Revenue	4,904	4,725	4,661	4,730	4,994	4,683	2,767	2,490	2,503	2,241	2,053
Operating Cost of Revenue	4,904	4,725	4,661	4,730	4,994	4,683	2,767	2,490	2,503	2,241	2,053
Total Operating Expenses	1,334	1,144	1,164	1,484	1,310	1,303	899	734	797	615	608
Selling, General & Admin Expense	1,042	904	923	1,005	1,051	1,069	704	618	658	458	453
Research & Development Expense	230	225	241	252	259	234	195	116	139	157	155
Total Other Income / (Expense), net	-230	-295	-209	-152	-270	-280	-293	-267	-415	-159	-57
Interest Expense	173	170	163	168	197	238	280	285	340	126	60
Other Income / (Expense), net	-57	-125	-46	16	-73	-42	-13	18	-75	-33	3.00
Income Tax Expense	55	92	242	73	-273	-53	70	52	184	4.00	-73
Net Income / (Loss) Discontinued Operations	-	-	-5.00	-52	-	-72	435	428	305	1,158	20
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	13	109	85	-	31	-	16	16	15	20
Basic Earnings per Share	($1.09)	$1.86	$1.01	($1.16)	$3.72	($0.86)	$0.62	$0.32	($3.16)	$6.52	$0.30
Weighted Average Basic Shares Outstanding	167.60M	125.60M	121.90M	118.40M	122.10M	128.40M	131.20M	136.70M	140.60M	144.70M	138.60M
Diluted Earnings per Share	($1.09)	$1.80	$0.97	($1.16)	$3.36	($0.86)	$0.62	$0.32	($3.16)	$6.52	$0.30
Weighted Average Diluted Shares Outstanding	167.60M	129.20M	127M	118.40M	145.20M	128.40M	131.20M	136.70M	140.60M	144.70M	141.10M
Basic & Diluted Earnings per Share	($1.09)	$1.76	$1.01	($1.16)	-	($0.86)	$0.62	$0.32	($3.16)	$6.52	$0.30
Weighted Average Basic & Diluted Shares Outstanding	163.30M	153.40M	229.70M	118.90M	128.70M	130.10M	135.90M	139.30M	144.29M	138.88M	139.01M

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	-133	-274	-44	-77	1,078	99	-21	-4.00	-22	89	-8.00
Consolidated Net Income / (Loss)	-128	-343	-41	-73	1,082	-11	-17	0.00	-19	98	-5.00
Net Income / (Loss) Continuing Operations	-266	-346	-71	-90	-29	57	-21	1.00	-17	78	-2.00
Total Pre-Tax Income	-79	-361	-76	-80	-30	-62	-28	-3.00	-23	22	-41
Total Operating Income	24	-234	-19	-34	16	-52	-21	14	15	17	-19
Total Gross Profit	195	-20	138	126	167	26	134	153	166	180	130
Total Revenue	809	507	710	722	708	377	612	666	684	720	606
Operating Revenue	809	507	710	722	708	377	612	666	684	720	606
Total Cost of Revenue	614	527	572	596	541	351	478	513	518	540	476
Operating Cost of Revenue	614	527	572	596	541	351	478	513	518	540	476
Total Operating Expenses	171	214	157	160	151	78	155	139	151	163	149
Selling, General & Admin Expense	142	195	110	116	113	74	115	107	111	120	110
Research & Development Expense	29	19	47	44	38	4.00	40	32	40	43	39
Total Other Income / (Expense), net	-103	-218	-57	-46	-46	-10	-7.00	-17	-38	5.00	-22
Interest Expense	83	-	39	41	32	14	15	14	15	16	15
Other Income / (Expense), net	-20	-44	-18	-5.00	-14	4.00	8.00	-3.00	-23	21	-7.00
Income Tax Expense	187	-15	-5.00	10	-1.00	-5.00	-7.00	-4.00	-6.00	-56	-39
Net Income / (Loss) Discontinued Operations	138	-	30	17	1,111	45	4.00	-1.00	-2.00	20	-3.00
Preferred Stock Dividends Declared	-	-	4.00	4.00	-	-	4.00	4.00	-	-	3.00
Basic Earnings per Share	($0.94)	($1.81)	($0.31)	($0.53)	$7.41	($0.05)	($0.15)	($0.03)	($0.16)	$0.64	($0.06)
Weighted Average Basic Shares Outstanding	140.90M	140.60M	143.50M	145M	145.40M	144.70M	139.90M	137.90M	138.20M	138.60M	139M
Diluted Earnings per Share	($0.94)	($1.81)	($0.31)	($0.53)	$7.41	($0.05)	($0.15)	($0.03)	($0.16)	$0.64	($0.06)
Weighted Average Diluted Shares Outstanding	140.90M	140.60M	143.50M	145M	145.40M	144.70M	139.90M	137.90M	138.20M	141.10M	139M
Weighted Average Basic & Diluted Shares Outstanding	141.20M	144.29M	145.01M	145.37M	145.97M	138.88M	137.75M	138.23M	138.50M	139.01M	137.81M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-183	172	36	-11	31	-157	343	-9.00	-455	473	-515
Net Cash From Operating Activities	681	896	752	572	634	641	1,009	427	694	-132	-210
Net Cash From Continuing Operating Activities	681	896	752	572	634	641	1,009	427	694	-132	-210
Net Income / (Loss) Continuing Operations	-150	287	240	-34	614	-6.00	98	59	-428	957	62
Consolidated Net Income / (Loss)	-174	274	235	-86	564	-78	98	59	-428	957	62
Depreciation Expense	308	344	354	330	333	364	517	610	559	297	231
Non-Cash Adjustments To Reconcile Net Income	487	98	71	249	162	117	58	62	108	-1,532	5.00
Changes in Operating Assets and Liabilities, net	36	167	87	27	-475	166	336	-304	455	146	-508
Net Cash From Investing Activities	-209	-189	-290	-474	-512	-277	-2,826	-387	-290	2,189	-134
Net Cash From Continuing Investing Activities	-209	-189	-290	-474	-512	-277	-2,826	-387	-290	2,189	-134
Purchase of Property, Plant & Equipment	-229	-227	-294	-313	-329	-263	-348	-377	-377	-217	-165
Acquisitions	0.00	0.00	-8.00	-160	-203	-25	-2,473	-13	-7.00	0.00	0.00
Purchase of Investments	-	-	0.00	0.00	-	-20	-13	0.00	-10	0.00	0.00
Sale of Property, Plant & Equipment	19	0.00	6.00	3.00	11	7.00	1.00	10	8.00	0.00	16
Divestitures	0.00	47	-	-	-	0.00	0.00	-2.00	96	2,458	7.00
Other Investing Activities, net	1.00	-9.00	6.00	-4.00	9.00	-3.00	-7.00	-5.00	0.00	-52	8.00
Net Cash From Financing Activities	-583	-467	-434	-48	-61	-514	2,178	1.00	-839	-1,560	-175
Net Cash From Continuing Financing Activities	-583	-467	-434	-48	-61	-514	2,178	1.00	-839	-1,560	-175
Repayment of Debt	-2,077	-1,547	-2,004	-2,284	-4,913	-3,347	-2,249	-1,259	-5,764	-2,076	-208
Repurchase of Preferred Equity	-1,005	-	0.00	0.00	-302	-153	-15	-	0.00	0.00	-74
Repurchase of Common Equity	0.00	-250	-350	-210	-99	-41	-	0.00	0.00	-56	-74
Payment of Dividends	-	-	-	0.00	-	-	-	-15	-15	-15	-15
Issuance of Debt	1,706	1,331	1,936	2,452	5,285	3,039	4,461	1,346	5,646	600	208
Issuance of Common Equity	15	15	15	20	16	17	44	31	27	13	10
Other Financing Activities, net	-16	-16	-31	-26	-48	-29	-63	-102	-733	-26	-22
Effect of Exchange Rate Changes	-29	-29	16	-25	-6.00	-7.00	-18	-50	-20	-24	4.00

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Change in Cash & Equivalents	2,203	-2,728	-16	-37	593	-67	-150	-290	-26	-49	3.00
Net Cash From Operating Activities	189	-33	-35	62	11	-170	-42	-242	14	60	42
Net Cash From Continuing Operating Activities	189	-33	-35	62	11	-170	-42	-242	14	60	42
Net Income / (Loss) Continuing Operations	-128	-319	-41	-73	1,082	-11	-17	-	-19	98	-5.00
Consolidated Net Income / (Loss)	-128	-319	-41	-73	1,082	-11	-17	-	-19	98	-5.00
Depreciation Expense	155	98	81	86	70	60	60	58	55	58	53
Non-Cash Adjustments To Reconcile Net Income	-83	128	64	-8.00	-1,550	29	26	-3.00	19	-28	30
Changes in Operating Assets and Liabilities, net	245	60	-139	57	409	-248	-111	-297	-41	-68	-36
Net Cash From Investing Activities	-111	15	-54	-27	2,098	172	-35	-40	-35	-24	-21
Net Cash From Continuing Investing Activities	-111	15	-54	-27	2,098	172	-35	-40	-35	-24	-21
Purchase of Property, Plant & Equipment	-102	-71	-61	-64	-53	-39	-39	-42	-38	-46	-36
Acquisitions	-1.00	-	-	-	-	-	0.00	-	-	3.00	-3.00
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	-	-	-	17
Other Investing Activities, net	-	-	0.00	-	-293	211	4.00	2.00	2.00	-	1.00
Net Cash From Financing Activities	2,145	-2,718	80	-65	-1,511	-64	-74	-12	-4.00	-85	-18
Net Cash From Continuing Financing Activities	2,145	-2,718	80	-65	-1,511	-64	-74	-12	-4.00	-85	-18
Repayment of Debt	-1,144	-3,641	-126	-256	-1,688	-6.00	-7.00	-2.00	-59	-140	-60
Repurchase of Common Equity	-	-	0.00	-	-	-	-62	-7.00	-	-5.00	-9.00
Payment of Dividends	-3.00	-4.00	-4.00	-4.00	-4.00	-3.00	-4.00	-4.00	-3.00	-4.00	-3.00
Issuance of Debt	3,286	1,628	220	192	183	5.00	7.00	2.00	59	140	60
Issuance of Common Equity	9.00	4.00	0.00	7.00	3.00	3.00	2.00	3.00	2.00	3.00	2.00
Other Financing Activities, net	-3.00	-705	-10	-4.00	-5.00	-7.00	-10	-4.00	-3.00	-5.00	-8.00
Effect of Exchange Rate Changes	-20	8.00	-7.00	-7.00	-5.00	-5.00	1.00	4.00	-1.00	-	0.00

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	7,635	7,673	7,654	7,761	8,987	8,414	11,641	11,507	4,990	4,452	3,921
Total Current Assets	2,549	2,757	2,830	3,023	3,144	2,478	2,876	3,082	1,206	1,671	1,103
Cash & Equivalents	328	498	537	464	509	338	447	221	259	722	231
Restricted Cash	-	-	-	-	-	59	295	17	21	31	8.00
Accounts Receivable	1,251	1,282	1,270	1,356	1,490	1,117	959	550	414	532	470
Inventories, net	643	699	780	806	784	601	754	357	250	208	217
Prepaid Expenses	-	-	-	-	-	-	421	247	178	166	176
Other Current Nonoperating Assets	-	-	-	-	-	-	-	1,690	84	12	1.00
Plant, Property, & Equipment, net	322	0.00	341	359	413	373	703	227	207	192	174
Total Noncurrent Assets	4,764	4,916	4,483	4,379	5,430	5,563	8,062	8,198	3,577	2,589	2,644
Goodwill	2,733	2,727	2,741	2,692	2,832	2,837	4,519	2,064	1,519	1,516	1,520
Intangible Assets	798	672	578	595	607	532	1,316	416	123	94	83
Noncurrent Deferred & Refundable Income Taxes	582	575	460	448	821	965	732	329	239	189	185
Employee Benefit Assets	130	94	118	140	178	199	300	35	43	47	50
Other Noncurrent Operating Assets	521	848	586	504	992	1,030	1,195	1,016	763	743	806
Total Liabilities & Shareholders' Equity	7,635	7,673	7,654	7,761	8,987	8,414	11,641	11,507	4,990	4,452	3,921
Total Liabilities	6,095	6,112	6,107	6,489	7,485	7,090	10,108	9,753	4,689	3,245	2,766
Total Current Liabilities	1,781	1,965	1,889	2,282	2,538	2,088	2,808	2,713	1,333	1,420	1,065
Accounts Payable	657	781	762	897	840	632	826	594	440	324	346
Current Deferred Revenue	476	468	458	461	502	507	516	191	157	209	199
Current Employee Benefit Liabilities	189	234	219	238	308	268	389	87	126	104	97
Other Current Liabilities	446	432	398	501	606	673	1,020	387	460	771	419
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	1,353	135	12	4.00
Total Noncurrent Liabilities	4,314	4,147	4,218	4,207	4,947	5,002	7,300	7,040	3,356	1,825	1,701
Long-Term Debt	3,239	3,001	2,939	2,980	3,277	3,270	5,505	5,552	2,563	1,098	1,100
Noncurrent Deferred Revenue	167	142	148	91	92	102	116	58	64	52	51
Noncurrent Employee Benefit Liabilities	829	866	931	877	969	971	908	195	203	185	168
Other Noncurrent Operating Liabilities	79	138	200	259	609	659	771	471	504	489	382
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	814	862	825	873	395	273	274	275	276	276	207
Total Equity & Noncontrolling Interests	726	699	722	399	1,107	1,051	1,259	1,479	25	931	948
Total Preferred & Common Equity	720	695	719	395	1,104	1,048	1,256	1,480	25	933	948
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	720	695	719	395	1,104	1,048	1,256	1,480	25	933	948
Common Stock	1.00	33	61	35	313	369	516	705	875	867	828
Retained Earnings	869	867	857	606	1,060	950	1,031	1,075	-421	535	559
Accumulated Other Comprehensive Income / (Loss)	-150	-205	-199	-246	-269	-271	-291	-300	-429	-469	-439
Noncontrolling Interest	6.00	4.00	3.00	4.00	3.00	3.00	3.00	-1.00	0.00	-2.00	0.00

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

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	11,783	11,442	11,279	13,223	5,007	4,783	4,674	4,336	3,984	4,003	3,923
Total Current Assets	3,191	3,070	2,954	3,093	1,238	1,064	1,825	1,569	1,222	1,263	1,174
Cash & Equivalents	434	519	547	675	246	204	795	573	276	282	232
Restricted Cash	302	257	254	270	22	24	26	32	37	6.00	11
Accounts Receivable	1,116	1,009	986	950	484	429	623	567	507	548	457
Inventories, net	827	792	709	725	259	220	208	218	212	221	159
Prepaid Expenses	-	493	458	473	227	187	173	179	190	206	314
Other Current Nonoperating Assets	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	1.00
Plant, Property, & Equipment, net	620	681	677	692	208	205	193	188	181	167	171
Total Noncurrent Assets	7,972	7,691	7,648	9,438	3,561	3,514	2,656	2,579	2,581	2,573	2,578
Goodwill	4,572	4,542	4,544	4,537	2,039	2,038	1,521	1,519	1,523	1,520	1,519
Intangible Assets	1,184	1,105	1,064	1,010	277	261	102	89	84	90	76
Noncurrent Deferred & Refundable Income Taxes	678	595	589	430	235	244	225	196	192	183	195
Employee Benefit Assets	263	217	222	225	41	40	44	49	51	51	49
Other Noncurrent Operating Assets	1,275	1,232	1,229	3,236	969	931	764	726	731	729	739
Total Liabilities & Shareholders' Equity	11,783	11,442	11,279	13,223	5,007	4,783	4,674	4,336	3,984	4,003	3,923
Total Liabilities	10,062	9,679	9,450	11,576	4,767	4,594	3,387	3,203	2,841	2,879	2,788
Total Current Liabilities	2,770	2,816	2,657	2,680	1,335	1,254	1,527	1,406	1,054	1,113	1,110
Accounts Payable	876	952	832	820	482	478	400	325	340	375	371
Current Deferred Revenue	507	631	560	536	260	230	186	225	205	207	223
Current Employee Benefit Liabilities	319	223	208	318	100	93	119	93	95	99	95
Other Current Liabilities	962	905	952	893	478	438	822	763	414	432	418
Other Current Nonoperating Liabilities	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	3.00
Total Noncurrent Liabilities	7,292	6,863	6,793	8,896	3,432	3,340	1,860	1,797	1,787	1,766	1,678
Long-Term Debt	5,611	5,406	5,316	7,416	2,658	2,595	1,098	1,099	1,099	1,099	1,100
Noncurrent Deferred Revenue	108	97	98	100	64	66	59	49	52	53	46
Noncurrent Employee Benefit Liabilities	844	703	709	749	206	202	203	191	205	207	167
Other Noncurrent Operating Liabilities	729	657	670	631	504	477	500	458	431	407	365
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	275	275	275	275	276	276	276	276	276	276	207
Total Equity & Noncontrolling Interests	1,446	1,488	1,554	1,372	-36	-87	1,011	857	867	848	928
Total Preferred & Common Equity	1,445	1,489	1,555	1,372	-34	-85	1,013	857	867	848	928
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,445	1,489	1,555	1,372	-34	-85	1,013	857	867	848	928
Common Stock	676	728	771	807	880	900	912	810	814	824	825
Retained Earnings	1,095	1,080	1,095	967	-463	-517	561	496	492	470	551
Accumulated Other Comprehensive Income / (Loss)	-326	-319	-311	-402	-451	-468	-460	-449	-439	-446	-448
Noncontrolling Interest	1.00	-1.00	-1.00	0.00	-2.00	-2.00	-2.00	0.00	0.00	0.00	0.00

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.31%	2.67%	-0.41%	-1.70%	7.96%	-10.24%	-40.52%	-14.03%	0.13%	-11.08%	-4.65%
EBITDA Growth	-35.88%	131.35%	11.87%	-46.25%	62.20%	-37.66%	-2.39%	9.06%	-38.75%	-36.72%	15.04%
EBIT Growth	-75.47%	603.85%	17.49%	-67.91%	159.90%	-66.73%	-92.74%	-346.15%	-540.63%	64.39%	140.85%
NOPAT Growth	-80.18%	440.10%	-32.59%	-148.40%	760.70%	-85.94%	-88.24%	-292.31%	-158.00%	71.32%	168.42%
Net Income Growth	-189.23%	264.94%	-18.12%	-136.60%	755.81%	-113.83%	225.64%	-39.80%	-816.95%	326.24%	-93.52%
EPS Growth	-197.32%	265.14%	-46.11%	-219.59%	389.66%	-125.60%	172.09%	-48.39%	-1,075.00%	308.97%	-95.40%
Operating Cash Flow Growth	29.96%	31.57%	-16.07%	-23.94%	10.84%	1.10%	57.41%	-57.68%	62.53%	-119.02%	-59.09%
Free Cash Flow Firm Growth	162.35%	35.39%	-46.88%	-130.30%	476.25%	-3.73%	-524.52%	243.68%	-54.72%	-85.13%	-319.76%
Invested Capital Growth	-10.81%	-7.84%	-2.75%	-0.70%	14.57%	-7.62%	51.08%	-48.72%	-45.30%	-13.02%	29.81%
Revenue Q/Q Growth	-1.36%	1.90%	-0.31%	0.30%	1.24%	-14.35%	-42.68%	-27.95%	405.25%	-21.67%	1.28%
EBITDA Q/Q Growth	24.92%	4.69%	-16.68%	46.32%	4.44%	-39.33%	-18.71%	-6.92%	-31.26%	14.87%	15.56%
EBIT Q/Q Growth	1,014.29%	6.60%	-24.21%	666.67%	6.75%	-59.96%	-93.26%	-288.24%	-95.24%	47.86%	462.50%
NOPAT Q/Q Growth	321.88%	12.63%	-58.38%	-393.67%	260.95%	-91.72%	-89.56%	-2,400.00%	-57.32%	30.19%	188.89%
Net Income Q/Q Growth	-1.75%	17.14%	-68.71%	82.12%	235.71%	-119.55%	156.32%	-57.86%	-331.63%	53.12%	231.91%
EPS Q/Q Growth	-4.81%	22.45%	-45.20%	-11.54%	700.00%	-133.33%	146.27%	-64.84%	-118.18%	36.97%	176.92%
Operating Cash Flow Q/Q Growth	-3.40%	41.32%	-5.65%	-11.32%	4.28%	-48.39%	11.74%	-13.91%	-23.74%	-2,740.00%	52.27%
Free Cash Flow Firm Q/Q Growth	-3.04%	44.81%	-48.22%	-135.45%	1,489.26%	422.37%	-132.41%	145.65%	187.35%	-96.89%	-21.96%
Invested Capital Q/Q Growth	-3.63%	-8.39%	-9.79%	-3.12%	4.09%	-34.27%	0.00%	-51.39%	-78.35%	-0.90%	4.19%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.05%	27.79%	28.47%	26.15%	27.78%	24.55%	25.05%	21.55%	21.05%	20.49%	23.60%
EBITDA Margin	6.06%	13.65%	15.33%	8.38%	12.60%	8.75%	14.36%	18.21%	11.14%	7.93%	9.68%
Operating Margin	2.12%	10.30%	10.60%	2.98%	8.84%	3.56%	0.70%	-1.58%	-4.06%	-1.31%	0.97%
EBIT Margin	1.22%	8.39%	9.90%	3.23%	7.78%	2.88%	0.35%	-1.01%	-6.45%	-2.58%	1.08%
Profit (Net Income) Margin	-2.73%	4.39%	3.61%	-1.34%	8.16%	-1.26%	2.65%	1.86%	-13.31%	33.86%	2.31%
Tax Burden Percent	183.16%	75.73%	48.76%	-220.51%	165.40%	132.20%	-36.70%	-18.61%	77.61%	-480.90%	-200.00%
Interest Burden Percent	-121.79%	69.03%	74.73%	18.84%	63.38%	-32.96%	-2,053.85%	990.63%	265.85%	272.60%	-106.90%
Effective Tax Rate	0.00%	24.27%	50.21%	187.18%	-80.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	2.00%	11.90%	8.48%	-4.18%	25.81%	3.53%	0.34%	-0.73%	-3.58%	-1.55%	1.02%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.91%	3.74%	4.12%	-1.05%	7.16%	-4.31%	2.42%	2.24%	-25.87%	106.22%	8.28%
Return on Net Nonoperating Assets (RNNOA)	-12.12%	6.61%	6.64%	-1.93%	14.85%	-9.05%	6.52%	4.32%	-37.58%	128.48%	4.23%
Return on Equity (ROE)	-10.12%	18.51%	15.12%	-6.10%	40.66%	-5.52%	6.86%	3.59%	-41.17%	126.92%	5.25%
Cash Return on Invested Capital (CROIC)	13.42%	20.06%	11.26%	-3.47%	12.23%	11.46%	-40.34%	63.68%	54.99%	12.37%	-24.93%
Operating Return on Assets (OROA)	0.96%	7.17%	8.42%	2.69%	6.42%	2.06%	0.13%	-0.28%	-2.49%	-1.55%	0.69%
Return on Assets (ROA)	-2.15%	3.75%	3.07%	-1.12%	6.74%	-0.90%	0.98%	0.51%	-5.13%	20.27%	1.48%
Return on Common Equity (ROCE)	-7.63%	8.45%	6.88%	-2.41%	21.97%	-4.20%	5.53%	2.99%	-30.15%	80.63%	4.18%
Return on Equity Simple (ROE_SIMPLE)	-24.17%	41.30%	32.68%	-21.77%	51.09%	-7.44%	7.80%	3.99%	-1,692.00%	102.57%	0.00%
Net Operating Profit after Tax (NOPAT)	95	510	344	-167	1,100	155	18	-35	-90	-26	18
NOPAT Margin	1.48%	7.80%	5.28%	-2.60%	15.91%	2.49%	0.49%	-1.10%	-2.84%	-0.92%	0.68%
Net Nonoperating Expense Percent (NNEP)	8.90%	8.16%	4.36%	-3.12%	18.65%	7.85%	-2.07%	-2.97%	22.29%	-107.77%	-7.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-0.49%	-3.47%	-1.28%	0.89%
Cost of Revenue to Revenue	76.95%	72.21%	71.53%	73.85%	72.22%	75.45%	74.95%	78.45%	78.95%	79.51%	76.40%
SG&A Expenses to Revenue	16.35%	13.82%	14.17%	15.69%	15.20%	17.22%	19.07%	19.47%	20.74%	16.24%	16.86%
R&D to Revenue	3.61%	3.44%	3.70%	3.93%	3.75%	3.77%	5.28%	3.65%	4.37%	5.56%	5.77%
Operating Expenses to Revenue	20.93%	17.48%	17.86%	23.17%	18.94%	20.99%	24.35%	23.13%	25.11%	21.80%	22.63%
Earnings before Interest and Taxes (EBIT)	78	549	645	207	538	179	13	-32	-205	-73	29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	386	893	999	537	871	543	530	578	354	224	260
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.77	7.24	5.76	6.91	4.06	4.62	4.22	2.17	95.51	2.17	1.49
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)	0.65	0.77	0.64	0.43	0.65	0.78	1.44	1.01	0.75	0.71	0.53
Price to Earnings (P/E)	0.00	18.64	33.66	0.00	4.41	0.00	54.15	73.10	0.00	2.14	33.64
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%	5.36%	2.97%	0.00%	22.69%	0.00%	1.85%	1.37%	0.00%	46.68%	2.97%
Enterprise Value to Invested Capital (EV/IC)	1.77	2.05	1.86	1.59	1.74	1.90	1.64	2.73	2.78	1.70	1.23
Enterprise Value to Revenue (EV/Rev)	1.24	1.29	1.14	0.98	1.15	1.29	2.82	2.81	1.56	0.93	0.92
Enterprise Value to EBITDA (EV/EBITDA)	20.47	9.47	7.43	11.74	9.11	14.73	19.63	15.41	14.02	11.77	9.54
Enterprise Value to EBIT (EV/EBIT)	101.28	15.40	11.51	30.46	14.75	44.69	800.26	0.00	0.00	0.00	85.54
Enterprise Value to NOPAT (EV/NOPAT)	83.60	16.56	21.57	0.00	7.21	51.71	571.62	0.00	0.00	0.00	136.30
Enterprise Value to Operating Cash Flow (EV/OCF)	11.60	9.43	9.87	11.02	12.51	12.48	10.31	20.86	7.15	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	12.43	9.82	16.24	0.00	15.22	15.95	0.00	2.91	3.58	12.80	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.11	1.95	1.93	2.49	2.37	2.48	3.63	3.22	8.56	0.91	0.95
Long-Term Debt to Equity	2.10	1.92	1.90	2.34	2.18	2.47	3.59	3.17	8.52	0.91	0.95
Financial Leverage	1.75	1.77	1.61	1.83	2.07	2.10	2.70	1.92	1.45	1.21	0.51
Leverage Ratio	4.71	4.94	4.93	5.47	6.04	6.16	7.02	7.04	8.03	6.26	3.54
Compound Leverage Factor	-5.74	3.41	3.69	1.03	3.83	-2.03	-144.17	69.76	21.34	17.07	-3.79
Debt to Total Capital	67.86%	66.15%	65.91%	71.33%	70.32%	71.23%	78.39%	76.32%	89.55%	47.64%	48.78%
Short-Term Debt to Total Capital	0.27%	1.08%	1.15%	4.17%	5.57%	0.17%	0.80%	1.36%	0.52%	0.00%	0.00%
Long-Term Debt to Total Capital	67.59%	65.07%	64.76%	67.16%	64.75%	71.06%	77.59%	74.96%	89.02%	47.64%	48.78%
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	17.11%	18.78%	18.25%	19.77%	7.86%	6.00%	3.90%	3.70%	9.59%	11.89%	9.18%
Common Equity to Total Capital	15.03%	15.07%	15.84%	8.90%	21.81%	22.77%	17.70%	19.98%	0.87%	40.48%	42.04%
Debt to EBITDA	8.42	3.42	2.99	5.89	4.09	6.04	10.49	9.78	7.28	4.90	4.23
Net Debt to EBITDA	7.58	2.86	2.46	5.03	3.50	5.31	9.09	9.37	6.49	1.53	3.31
Long-Term Debt to EBITDA	8.39	3.36	2.94	5.55	3.76	6.02	10.39	9.61	7.24	4.90	4.23
Debt to NOPAT	34.41	5.98	8.69	-19.01	3.24	21.19	305.60	-161.51	-28.55	-42.39	60.44
Net Debt to NOPAT	30.94	5.00	7.13	-16.22	2.77	18.62	264.84	-154.71	-25.45	-13.24	47.31
Long-Term Debt to NOPAT	34.28	5.88	8.54	-17.90	2.98	21.14	302.47	-158.63	-28.38	-42.39	60.44
Altman Z-Score	1.56	1.87	1.84	1.39	1.57	1.43	0.77	0.63	0.66	1.19	1.23
Noncontrolling Interest Sharing Ratio	24.64%	54.37%	54.50%	60.48%	45.96%	23.85%	19.36%	16.76%	26.76%	36.47%	20.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.43	1.40	1.50	1.32	1.24	1.19	1.02	1.14	0.90	1.18	1.04
Quick Ratio	0.89	0.91	0.96	0.80	0.79	0.70	0.50	0.28	0.50	0.89	0.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	636	860	457	-139	521	502	-2,130	3,060	1,386	206	-445
Operating Cash Flow to CapEx	324.29%	394.71%	261.11%	184.52%	199.37%	250.39%	290.78%	116.35%	188.08%	-60.83%	-140.94%
Free Cash Flow to Firm to Interest Expense	3.67	5.06	2.80	-0.82	2.65	2.11	-7.61	10.74	4.08	1.64	-7.41
Operating Cash Flow to Interest Expense	3.94	5.27	4.61	3.40	3.22	2.69	3.60	1.50	2.04	-1.05	-3.50
Operating Cash Flow Less CapEx to Interest Expense	2.72	3.94	2.85	1.56	1.60	1.62	2.36	0.21	0.96	-2.77	-5.98
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.79	0.85	0.85	0.83	0.83	0.71	0.37	0.27	0.39	0.60	0.64
Accounts Receivable Turnover	4.80	5.17	5.11	4.88	4.86	4.76	3.56	4.21	6.59	5.93	5.36
Inventory Turnover	7.48	7.04	6.30	5.96	6.28	6.76	4.08	4.48	8.27	9.81	9.66
Fixed Asset Turnover	17.75	0.00	0.00	18.30	17.91	15.79	6.86	6.83	14.65	14.17	14.68
Accounts Payable Turnover	7.16	6.57	6.04	5.70	5.75	6.36	3.80	3.51	4.85	5.82	6.13
Days Sales Outstanding (DSO)	76.03	70.65	71.48	74.82	75.11	76.65	102.62	86.77	55.36	61.54	68.06
Days Inventory Outstanding (DIO)	48.83	51.83	57.91	61.19	58.10	53.97	89.37	81.43	44.15	37.20	37.78
Days Payable Outstanding (DPO)	50.95	55.54	60.42	64.01	63.48	57.36	96.16	104.08	75.21	62.70	59.56
Cash Conversion Cycle (CCC)	73.91	66.94	68.97	72.01	69.74	73.26	95.83	64.12	24.30	36.04	46.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,464	4,114	4,001	3,973	4,552	4,205	6,353	3,258	1,782	1,550	2,016
Invested Capital Turnover	1.35	1.53	1.61	1.61	1.62	1.42	0.70	0.66	1.26	1.70	1.51
Increase / (Decrease) in Invested Capital	-541	-350	-113	-28	579	-347	2,148	-3,095	-1,476	-232	463
Enterprise Value (EV)	7,900	8,452	7,422	6,306	7,934	8,000	10,403	8,906	4,962	2,637	2,481
Market Capitalization	4,156	5,033	4,140	2,728	4,486	4,843	5,306	3,217	2,388	2,020	1,413
Book Value per Share	$4.24	$5.60	$5.90	$3.34	$8.65	$8.13	$9.52	$10.77	$0.18	$6.39	$6.84
Tangible Book Value per Share	($16.55)	($21.79)	($21.35)	($24.47)	($18.30)	($18.01)	($34.69)	($7.28)	($11.45)	($4.64)	($4.73)
Total Capital	4,792	4,612	4,538	4,437	5,061	4,602	7,095	7,407	2,879	2,305	2,255
Total Debt	3,252	3,051	2,991	3,165	3,559	3,278	5,562	5,653	2,578	1,098	1,100
Total Long-Term Debt	3,239	3,001	2,939	2,980	3,277	3,270	5,505	5,552	2,563	1,098	1,100
Net Debt	2,924	2,553	2,454	2,701	3,050	2,881	4,820	5,415	2,298	343	861
Capital Expenditures (CapEx)	210	227	288	310	318	256	347	367	369	217	149
Debt-free, Cash-free Net Working Capital (DFCFNWC)	453	344	456	462	379	1.00	-617	232	-392	-504	-201
Debt-free Net Working Capital (DFNWC)	781	842	993	926	888	398	125	470	-112	251	38
Net Working Capital (NWC)	768	792	941	741	606	390	68	369	-127	251	38
Net Nonoperating Expense (NNE)	269	223	109	-81	536	233	-80	-94	333	-983	-44
Net Nonoperating Obligations (NNO)	2,924	2,553	2,454	2,701	3,050	2,881	4,820	1,504	1,481	343	861
Total Depreciation and Amortization (D&A)	308	344	354	330	333	364	517	610	559	297	231
Debt-free, Cash-free Net Working Capital to Revenue	7.11%	5.26%	7.00%	7.21%	5.48%	0.02%	-16.71%	7.31%	-12.33%	-17.83%	-7.48%
Debt-free Net Working Capital to Revenue	12.25%	12.87%	15.24%	14.46%	12.84%	6.41%	3.39%	14.81%	-3.52%	8.88%	1.41%
Net Working Capital to Revenue	12.05%	12.10%	14.44%	11.57%	8.76%	6.28%	1.84%	11.63%	-4.00%	8.88%	1.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.09)	$1.76	$1.01	($0.72)	$3.72	($0.86)	$0.62	$0.32	($3.12)	$6.52	$0.30
Adjusted Weighted Average Basic Shares Outstanding	167.60M	125.60M	121.90M	118.40M	122.10M	128.40M	131.20M	136.70M	140.60M	144.70M	138.60M
Adjusted Diluted Earnings per Share	($1.09)	$1.71	$0.97	($0.72)	$3.36	($0.86)	$0.58	$0.31	($3.12)	$6.52	$0.30
Adjusted Weighted Average Diluted Shares Outstanding	167.60M	129.20M	127M	118.40M	128.70M	128.40M	139M	141.20M	140.60M	144.70M	141.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.72	($0.86)	$0.00	$0.32	($3.12)	$6.52	$0.30
Adjusted Weighted Average Basic & Diluted Shares Outstanding	133.10M	123M	118.40M	118.90M	128.70M	130.10M	135.90M	139.30M	144.29M	138.88M	139.01M
Normalized Net Operating Profit after Tax (NOPAT)	138	522	484	293	428	155	18	-35	-90	-26	18
Normalized NOPAT Margin	2.16%	7.97%	7.42%	4.57%	6.19%	2.49%	0.49%	-1.10%	-2.84%	-0.92%	0.68%
Pre Tax Income Margin	-1.49%	5.79%	7.40%	0.61%	4.93%	-0.95%	-7.23%	-9.99%	-17.15%	-7.04%	-1.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.45	3.23	3.96	1.23	2.73	0.75	0.05	-0.11	-0.60	-0.58	0.48
NOPAT to Interest Expense	0.55	3.00	2.11	-0.99	5.58	0.65	0.07	-0.12	-0.27	-0.21	0.30
EBIT Less CapEx to Interest Expense	-0.76	1.89	2.19	-0.61	1.12	-0.32	-1.19	-1.40	-1.69	-2.30	-2.00
NOPAT Less CapEx to Interest Expense	-0.67	1.67	0.34	-2.84	3.97	-0.43	-1.17	-1.41	-1.35	-1.93	-2.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	25.42%	-3.55%	1.57%	24.19%
Augmented Payout Ratio	0.00%	87.11%	148.94%	-244.19%	17.55%	-52.56%	0.00%	25.42%	-3.55%	7.42%	143.55%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	139,011,364.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	139,011,364.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.06
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-58.98%	119.05%	-5.90%	-7.40%	-12.11%	-25.64%	-13.10%	-7.76%	-3.39%	6.19%	-0.98%
EBITDA Growth	-52.96%	12.20%	-62.43%	-61.88%	-55.97%	106.67%	9.09%	46.81%	-34.72%	52.38%	-42.55%
EBIT Growth	-97.85%	23.63%	-172.73%	-119.15%	-100.00%	82.73%	67.57%	128.21%	-500.00%	1,166.67%	-100.00%
NOPAT Growth	-85.42%	37.27%	-84.62%	-107.27%	-37.50%	77.78%	-5.26%	141.18%	-6.25%	8,710.39%	9.52%
Net Income Growth	-285.51%	-1,805.56%	-612.50%	-282.50%	945.31%	96.79%	58.54%	100.00%	-101.76%	990.91%	70.59%
EPS Growth	-304.35%	-1,408.33%	-1,650.00%	-35.90%	888.30%	97.24%	51.61%	94.34%	-102.16%	1,380.00%	60.00%
Operating Cash Flow Growth	50.00%	-118.03%	-111.25%	-72.69%	-94.18%	-415.15%	-20.00%	-490.32%	27.27%	135.29%	200.00%
Free Cash Flow Firm Growth	77.04%	-53.70%	11,513.86%	1,944.96%	541.58%	-85.09%	-73.85%	-83.09%	-105.40%	-276.40%	-137.90%
Invested Capital Growth	22.81%	-45.30%	-59.30%	-60.13%	-81.00%	-13.02%	-38.49%	-24.97%	23.72%	29.81%	22.56%
Revenue Q/Q Growth	-14.48%	-37.33%	1,859.18%	1.62%	-18.84%	-46.98%	63.66%	7.94%	2.70%	5.26%	-15.83%
EBITDA Q/Q Growth	-21.29%	-213.21%	130.81%	18.46%	-9.09%	-82.86%	300.00%	43.75%	-31.88%	104.26%	-71.88%
EBIT Q/Q Growth	-91.49%	-7,050.00%	94.82%	43.75%	100.00%	0.00%	75.00%	191.67%	-172.73%	575.00%	-168.42%
NOPAT Q/Q Growth	-56.36%	-1,075.00%	101.40%	-200.00%	475.00%	-446.67%	61.54%	170.00%	7.14%	474.03%	-122.07%
Net Income Q/Q Growth	-420.00%	-167.97%	88.22%	-78.05%	1,582.19%	-101.02%	-54.55%	100.00%	0.00%	615.79%	-105.10%
EPS Q/Q Growth	-141.03%	-92.55%	83.15%	-70.97%	1,498.11%	-100.67%	-200.00%	80.00%	-433.33%	500.00%	-109.38%
Operating Cash Flow Q/Q Growth	-16.74%	-117.46%	-6.06%	277.14%	-82.26%	-1,645.45%	75.29%	-476.19%	105.79%	328.57%	-30.00%
Free Cash Flow Firm Q/Q Growth	-897.99%	186.77%	744.09%	0.50%	72.31%	-97.07%	413.29%	-35.08%	-155.31%	-11.71%	5.57%
Invested Capital Q/Q Growth	27.63%	-78.35%	1.69%	-2.80%	-39.17%	-0.90%	4.97%	18.56%	0.31%	4.19%	-1.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.10%	-3.94%	22.74%	21.80%	23.35%	6.90%	21.88%	22.97%	24.27%	25.00%	21.45%
EBITDA Margin	19.65%	-35.50%	7.54%	8.79%	9.85%	3.18%	7.78%	10.36%	6.87%	13.33%	4.46%
Operating Margin	2.97%	-46.15%	0.46%	-0.46%	2.11%	-13.79%	-3.24%	2.10%	2.19%	2.36%	-3.14%
EBIT Margin	0.49%	-54.83%	-1.86%	-1.03%	0.00%	-12.73%	-1.94%	1.65%	-1.17%	5.28%	-4.29%
Profit (Net Income) Margin	-15.82%	-67.65%	-4.76%	-8.33%	152.18%	-2.92%	-2.76%	0.00%	-2.78%	13.61%	-0.83%
Tax Burden Percent	162.03%	95.01%	74.55%	146.00%	-3,381.25%	17.74%	62.96%	0.00%	82.61%	445.45%	12.20%
Interest Burden Percent	-1,975.00%	129.86%	343.75%	555.56%	0.00%	129.17%	225.00%	-27.27%	287.50%	57.89%	157.69%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-254.55%	0.00%
Return on Invested Capital (ROIC)	0.17%	-40.74%	0.27%	-0.26%	1.09%	-16.38%	-2.90%	1.75%	2.33%	12.60%	-3.25%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.33%	-52.75%	-0.96%	-2.27%	32.32%	-13.59%	-3.11%	1.13%	-3.09%	18.86%	-2.02%
Return on Net Nonoperating Assets (RNNOA)	-8.00%	-76.62%	-3.42%	-7.87%	75.58%	-16.44%	-6.57%	2.69%	-1.40%	9.64%	-1.21%
Return on Equity (ROE)	-7.82%	-117.37%	-3.15%	-8.13%	76.67%	-32.82%	-9.47%	4.44%	0.93%	22.24%	-4.46%
Cash Return on Invested Capital (CROIC)	-21.25%	54.99%	84.51%	85.30%	135.37%	12.37%	46.41%	28.84%	-20.85%	-24.93%	-19.19%
Operating Return on Assets (OROA)	0.02%	-21.13%	-0.85%	-0.47%	0.00%	-7.62%	-1.14%	1.01%	-0.72%	3.39%	-2.79%
Return on Assets (ROA)	-0.80%	-26.07%	-2.18%	-3.85%	61.36%	-1.75%	-1.61%	0.00%	-1.70%	8.74%	-0.54%
Return on Common Equity (ROCE)	-6.54%	-85.95%	-2.29%	-5.92%	62.33%	-20.85%	-5.68%	2.61%	0.72%	17.71%	-3.51%
Return on Equity Simple (ROE_SIMPLE)	-7.14%	0.00%	1,388.24%	688.24%	61.70%	0.00%	114.47%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	17	-164	2.80	-2.80	11	-36	-14	9.80	11	60	-13
NOPAT Margin	2.08%	-32.31%	0.32%	-0.32%	1.48%	-9.66%	-2.27%	1.47%	1.54%	8.37%	-2.19%
Net Nonoperating Expense Percent (NNEP)	2.50%	12.01%	1.23%	2.01%	-31.23%	-2.79%	0.21%	0.62%	5.42%	-6.25%	-1.23%
Return On Investment Capital (ROIC_SIMPLE)	-	-6.29%	-	-	-	-1.79%	-0.72%	0.50%	0.54%	2.94%	-0.66%
Cost of Revenue to Revenue	75.90%	103.94%	77.26%	78.20%	76.65%	93.10%	78.12%	77.03%	75.73%	75.00%	78.55%
SG&A Expenses to Revenue	17.55%	38.46%	15.31%	15.98%	15.89%	19.63%	18.64%	16.07%	16.23%	16.67%	18.15%
R&D to Revenue	3.58%	3.75%	6.96%	6.28%	5.34%	1.06%	6.48%	4.80%	5.85%	5.97%	6.44%
Operating Expenses to Revenue	21.14%	42.21%	22.27%	22.26%	21.24%	20.69%	25.12%	20.87%	22.08%	22.64%	24.59%
Earnings before Interest and Taxes (EBIT)	4.00	-278	-16	-9.00	0.00	-48	-12	11	-8.00	38	-26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	159	-180	65	77	70	12	48	69	47	96	27
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.77	95.51	0.00	0.00	1.95	2.17	1.58	1.86	2.05	1.49	0.95
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)	6.04	0.75	0.48	0.48	0.55	0.71	0.50	0.60	0.65	0.53	0.33
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	3.37	2.14	1.40	1.56	0.00	33.64	16.00
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%	29.71%	46.68%	71.34%	64.30%	0.00%	2.97%	6.25%
Enterprise Value to Invested Capital (EV/IC)	1.30	2.78	1.70	1.73	1.61	1.70	1.31	1.39	1.46	1.23	0.97
Enterprise Value to Revenue (EV/Rev)	16.95	1.56	1.19	1.20	0.70	0.93	0.78	1.00	1.06	0.92	0.73
Enterprise Value to EBITDA (EV/EBITDA)	20.70	14.02	11.01	15.66	12.94	11.77	9.32	10.71	12.54	9.54	8.10
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,338.92	0.00	85.54	121.50
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	428.70	0.00	0.00	0.00	0.00	382.55	447.91	136.30	99.18
Enterprise Value to Operating Cash Flow (EV/OCF)	11.71	7.15	12.94	24.30	504.74	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	3.58	1.17	1.16	0.38	12.80	2.14	4.13	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.57	8.56	11.14	13.81	0.85	0.91	0.97	0.96	0.98	0.95	0.97
Long-Term Debt to Equity	4.50	8.52	11.08	13.73	0.85	0.91	0.97	0.96	0.98	0.95	0.97
Financial Leverage	3.43	1.45	3.56	3.47	2.34	1.21	2.11	2.38	0.45	0.51	0.60
Leverage Ratio	7.42	8.03	8.21	7.96	6.10	6.26	6.80	6.58	3.60	3.54	3.64
Compound Leverage Factor	-146.64	10.42	28.23	44.22	0.00	8.09	15.31	-1.80	10.35	2.05	5.74
Debt to Total Capital	82.05%	89.55%	91.76%	93.25%	46.04%	47.64%	49.24%	49.02%	49.44%	48.78%	49.22%
Short-Term Debt to Total Capital	1.23%	0.52%	0.51%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	80.82%	89.02%	91.25%	92.71%	46.04%	47.64%	49.24%	49.02%	49.44%	48.78%	49.22%
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	3.00%	9.59%	9.41%	9.79%	11.49%	11.89%	12.37%	12.31%	12.42%	9.18%	9.26%
Common Equity to Total Capital	14.95%	0.87%	-1.17%	-3.04%	42.47%	40.48%	38.40%	38.67%	38.15%	42.04%	41.52%
Debt to EBITDA	14.62	7.28	6.54	9.19	5.63	4.90	4.82	4.40	4.88	4.23	4.58
Net Debt to EBITDA	12.78	6.49	5.88	8.39	1.42	1.53	2.17	3.14	3.60	3.31	3.57
Long-Term Debt to EBITDA	14.40	7.24	6.50	9.14	5.63	4.90	4.82	4.40	4.88	4.23	4.58
Debt to NOPAT	-131.17	-28.55	254.57	-84.74	-29.60	-42.39	-41.32	157.00	174.44	60.44	56.12
Net Debt to NOPAT	-114.70	-25.45	229.05	-77.34	-7.47	-13.24	-18.57	112.29	128.73	47.31	43.72
Long-Term Debt to NOPAT	-129.20	-28.38	253.14	-84.25	-29.60	-42.39	-41.32	157.00	174.44	60.44	56.12
Altman Z-Score	0.39	0.61	0.82	0.80	1.37	1.21	1.08	1.25	1.23	1.23	1.07
Noncontrolling Interest Sharing Ratio	16.36%	26.76%	27.36%	27.16%	18.71%	36.47%	40.06%	41.29%	22.81%	20.36%	21.30%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.15	0.90	0.93	0.85	1.20	1.18	1.12	1.16	1.13	1.04	1.06
Quick Ratio	0.61	0.50	0.55	0.50	0.93	0.89	0.81	0.74	0.75	0.66	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,512	1,312	3,856	3,875	6,678	196	1,004	652	-361	-403	-380
Operating Cash Flow to CapEx	185.29%	-46.48%	-57.38%	96.88%	20.75%	-435.90%	-107.69%	-576.19%	36.84%	130.43%	116.67%
Free Cash Flow to Firm to Interest Expense	-18.22	0.00	98.87	94.52	208.67	13.97	66.93	46.56	-24.03	-25.17	-25.35
Operating Cash Flow to Interest Expense	2.28	0.00	-0.90	1.51	0.34	-12.14	-2.80	-17.29	0.93	3.75	2.80
Operating Cash Flow Less CapEx to Interest Expense	1.05	0.00	-2.46	-0.05	-1.31	-14.93	-5.40	-20.29	-1.60	0.88	0.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.39	0.46	0.46	0.40	0.60	0.59	0.61	0.61	0.64	0.65
Accounts Receivable Turnover	0.61	6.59	5.06	5.24	4.59	5.93	5.20	5.72	4.53	5.36	5.24
Inventory Turnover	0.43	8.27	5.42	6.14	5.96	9.81	9.04	9.60	9.56	9.66	10.88
Fixed Asset Turnover	0.96	14.65	8.49	8.40	8.15	14.17	13.80	13.87	14.74	14.68	14.94
Accounts Payable Turnover	0.40	4.85	3.97	4.35	4.56	5.82	5.35	5.07	5.29	6.13	5.89
Days Sales Outstanding (DSO)	599.44	55.36	72.16	69.68	79.57	61.54	70.18	63.81	80.55	68.06	69.71
Days Inventory Outstanding (DIO)	845.49	44.15	67.35	59.47	61.21	37.20	40.36	38.01	38.17	37.78	33.55
Days Payable Outstanding (DPO)	923.94	75.21	91.89	83.86	80.03	62.70	68.28	71.98	68.96	59.56	61.93
Cash Conversion Cycle (CCC)	520.99	24.30	47.62	45.29	60.74	36.04	42.26	29.84	49.77	46.28	41.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,231	1,782	2,645	2,571	1,564	1,550	1,627	1,929	1,935	2,016	1,994
Invested Capital Turnover	0.08	1.26	0.83	0.82	0.74	1.70	1.28	1.19	1.52	1.51	1.48
Increase / (Decrease) in Invested Capital	1,529	-1,476	-3,853	-3,878	-6,667	-232	-1,018	-642	371	463	367
Enterprise Value (EV)	10,659	4,962	4,501	4,447	2,524	2,637	2,124	2,678	2,822	2,481	1,944
Market Capitalization	3,800	2,388	1,822	1,791	1,973	2,020	1,354	1,616	1,735	1,413	880
Book Value per Share	$9.74	$0.18	($0.24)	($0.59)	$6.97	$6.39	$6.17	$6.29	$6.13	$6.84	$6.68
Tangible Book Value per Share	($29.63)	($11.45)	($16.29)	($16.44)	($4.20)	($4.64)	($5.41)	($5.37)	($5.51)	($4.73)	($4.80)
Total Capital	9,176	2,879	2,913	2,799	2,385	2,305	2,232	2,242	2,223	2,255	2,235
Total Debt	7,529	2,578	2,673	2,610	1,098	1,098	1,099	1,099	1,099	1,100	1,100
Total Long-Term Debt	7,416	2,563	2,658	2,595	1,098	1,098	1,099	1,099	1,099	1,100	1,100
Net Debt	6,584	2,298	2,405	2,382	277	343	494	786	811	861	857
Capital Expenditures (CapEx)	102	71	61	64	53	39	39	42	38	46	36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-419	-392	-350	-403	-523	-504	-442	-145	-138	-201	-179
Debt-free Net Working Capital (DFNWC)	526	-112	-82	-175	298	251	163	168	150	38	64
Net Working Capital (NWC)	413	-127	-97	-190	298	251	163	168	150	38	64
Net Nonoperating Expense (NNE)	145	179	44	70	-1,072	-25	3.00	9.80	30	-38	-8.30
Net Nonoperating Obligations (NNO)	6,584	1,481	2,405	2,382	277	343	494	786	811	861	859
Total Depreciation and Amortization (D&A)	155	98	81	86	70	60	60	58	55	58	53
Debt-free, Cash-free Net Working Capital to Revenue	-66.61%	-12.33%	-9.27%	-10.87%	-14.50%	-17.83%	-16.17%	-5.42%	-5.20%	-7.48%	-6.68%
Debt-free Net Working Capital to Revenue	83.62%	-3.52%	-2.17%	-4.72%	8.26%	8.88%	5.96%	6.28%	5.65%	1.41%	2.39%
Net Working Capital to Revenue	65.66%	-4.00%	-2.57%	-5.13%	8.26%	8.88%	5.96%	6.28%	5.65%	1.41%	2.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.91)	($1.81)	($0.31)	($0.53)	$7.41	($0.05)	($0.15)	($0.03)	($0.16)	$0.64	($0.06)
Adjusted Weighted Average Basic Shares Outstanding	140.90M	140.60M	143.50M	145M	145.40M	144.70M	139.90M	137.90M	138.20M	138.60M	139M
Adjusted Diluted Earnings per Share	($0.91)	($1.81)	($0.31)	($0.53)	$7.41	($0.05)	($0.15)	($0.03)	($0.16)	$0.64	($0.06)
Adjusted Weighted Average Diluted Shares Outstanding	140.90M	140.60M	143.50M	145M	145.40M	144.70M	139.90M	137.90M	138.20M	141.10M	139M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.16)	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	141.20M	144.29M	145.01M	145.37M	145.97M	138.88M	137.75M	138.23M	138.50M	139.01M	137.81M
Normalized Net Operating Profit after Tax (NOPAT)	17	-164	2.80	-2.80	11	-36	-14	9.80	11	12	-13
Normalized NOPAT Margin	2.08%	-32.31%	0.32%	-0.32%	1.48%	-9.66%	-2.27%	1.47%	1.54%	1.65%	-2.19%
Pre Tax Income Margin	-9.77%	-71.20%	-6.38%	-5.71%	-4.50%	-16.45%	-4.38%	-0.45%	-3.36%	3.06%	-6.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.05	0.00	-0.41	-0.22	0.00	-3.43	-0.80	0.79	-0.53	2.38	-1.73
NOPAT to Interest Expense	0.20	0.00	0.07	-0.07	0.33	-2.60	-0.93	0.70	0.70	3.77	-0.89
EBIT Less CapEx to Interest Expense	-1.18	0.00	-1.97	-1.78	-1.66	-6.21	-3.40	-2.21	-3.07	-0.50	-4.13
NOPAT Less CapEx to Interest Expense	-1.03	0.00	-1.49	-1.63	-1.33	-5.39	-3.53	-2.30	-1.83	0.89	-3.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-3.55%	0.00%	0.00%	0.00%	1.57%	1.53%	1.42%	-29.79%	24.19%	18.92%
Augmented Payout Ratio	0.00%	-3.55%	0.00%	0.00%	0.00%	7.42%	13.56%	13.28%	-295.74%	143.55%	47.30%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from NCR Voyix's quarterly results over the last four years, focusing on the trend in revenue, profitability, and cash flow.

Q4 2025 revenue reached $720 million, up sequentially from earlier 2025 quarters (Q1 $617M, Q2 $666M, Q3 $684M), indicating improving top-line momentum in late 2025.
Q4 2025 gross profit was $180 million, yielding a gross margin around 25% (versus Q4 2024’s roughly 7% margin on $377M revenue), signaling meaningful margin expansion.
Q4 2025 net income attributable to common shareholders was about $89 million, marking a strong quarterly swing back to profitability after prior quarterly losses in 2025.
Q4 2025 basic and diluted earnings per share were both $0.64, reflecting improved profitability per share compared with several negative quarters earlier in 2025.
Q4 2025 operating cash flow was roughly $60 million, indicating improved cash generation from the core business as the year ended.

Long-term debt stood at about $1.1 billion in the recent period, indicating a meaningful leverage level that management is servicing alongside improving cash flow.
Financing activity has been mixed across quarters (debt and equity actions in some periods), contributing to fluctuations in net cash from financing activities.
Revenue growth is not perfectly uniform across all 2025 quarters (sequential dips occurred between some telegraphed milestones), suggesting continued sensitivity to market demand and mix.

Despite the Q4 rebound, several earlier quarters in 2025 showed negative earnings (for example, consolidated net income in Q3 2025 was -$19 million; net income attributable to common shareholders was -$22 million), highlighting earnings volatility.
Q4 2024 gross margin was only about 7% (gross profit ~$26 million on $377 million revenue), indicating margin compression earlier in the period before the 2025 improvements.

05/12/26 02:54 PM ETAI Generated. May Contain Errors.

NCR Voyix Financials - Frequently Asked Questions

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

NCR Voyix's net income appears to be on an upward trend, with a most recent value of $62 million in 2025, falling from -$174 million in 2015. The previous period was $957 million in 2024. Check out NCR Voyix's forecast to explore projected trends and price targets.

NCR Voyix's total operating income in 2025 was $26 million, based on the following breakdown:

Total Gross Profit: $634 million
Total Operating Expenses: $608 million

Over the last 10 years, NCR Voyix's total revenue changed from $6.37 billion in 2015 to $2.69 billion in 2025, a change of -57.8%.

NCR Voyix's total liabilities were at $2.77 billion at the end of 2025, a 14.8% decrease from 2024, and a 54.6% decrease since 2015.

In the past 10 years, NCR Voyix's cash and equivalents has ranged from $221 million in 2022 to $722 million in 2024, and is currently $231 million as of their latest financial filing in 2025.

Over the last 10 years, NCR Voyix's book value per share changed from 4.24 in 2015 to 6.84 in 2025, a change of 61.5%.

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Financial statements for NYSE:VYX last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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NCR Voyix (VYX) Financials

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NCR Voyix (VYX) Financials

Annual Income Statements for NCR Voyix

Quarterly Income Statements for NCR Voyix

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Quarterly Cash Flow Statements for NCR Voyix

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Quarterly Balance Sheets for NCR Voyix

Annual Metrics And Ratios for NCR Voyix

Quarterly Metrics And Ratios for NCR Voyix

Financials Breakdown Chart

Key Financial Trends

NCR Voyix Financials - Frequently Asked Questions

When does NCR Voyix's financial year end?

How has NCR Voyix's net income changed over the last 10 years?

What is NCR Voyix's operating income?

How has NCR Voyix's revenue changed over the last 10 years?

How much debt does NCR Voyix have?

How much cash does NCR Voyix have?

How has NCR Voyix's book value per share changed over the last 10 years?

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