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VYX

NCR Voyix Corporation

VYX

NCR Voyix Corporation • NYSE
$10.11 ▲ 1.00% (+0.10)
Market Cap $1.40 B
52w High $15.34
52w Low $7.55
Dividend Yield 0%
P/E -22.98
Volume 1.16M
Outstanding Shares 138.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $684M ▲ $108M ▼ $-19M ▼ -2.778% ▼ $-0.159 ▼ $72M ▲
Q2-2025 $666M ▲ $139M ▼ $0 ▲ 0% ▲ $-0.029 ▲ $69M ▲
Q1-2025 $617M ▼ $155M ▲ $-17M ▼ -2.755% ▼ $-0.15 ▼ $48M ▼
Q4-2024 $682M ▼ $147M ▼ $-11M ▼ -1.613% ▼ $0.014 ▼ $66M ▼
Q3-2024 $711M $151M $1.082B 152.18% $7.41 $78M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $288M ▲ $4.003B ▲ $2.879B ▲ $1.124B ▼
Q2-2025 $276M ▼ $3.984B ▼ $2.841B ▼ $1.143B ▲
Q1-2025 $573M ▼ $4.336B ▼ $3.203B ▼ $1.133B ▼
Q4-2024 $724M ▼ $4.452B ▼ $3.245B ▼ $1.209B ▼
Q3-2024 $795M $4.674B $3.387B $1.289B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-17M ▼ $14M ▲ $-35M ▲ $-4M ▲ $-25M ▲ $10M ▲
Q2-2025 $1M ▲ $-242M ▼ $-40M ▼ $-12M ▲ $-290M ▼ $-284M ▼
Q1-2025 $-17M ▼ $-42M ▲ $-35M ▼ $-74M ▼ $-150M ▼ $-81M ▲
Q4-2024 $-9M ▲ $-170M ▼ $172M ▼ $-64M ▲ $-66M ▼ $-177M ▼
Q3-2024 $-29M $11M $2.098B $-1.511B $593M $9M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
All other products and services
All other products and services
 $300.00M ▲$890.00M ▲$210.00M ▼$240.00M ▲
Recurring revenue
Recurring revenue
 $410.00M ▲$1.23Bn ▲$410.00M ▼$420.00M ▲

Five-Year Company Overview

Income Statement

Income Statement NCR Voyix’s income statement shows a company in the middle of a major transition. Revenue has stepped down from earlier peak levels and is now smaller and more focused after the separation of businesses. Profitability around the core operations has been thin, hovering near breakeven and recently slipping slightly negative at the operating level. EBITDA remains positive but has been trending down, suggesting the underlying business is still under margin pressure as it invests in its platform shift. Reported net income has swung sharply from losses to a recent headline profit, but this looks influenced by one‑time items and restructuring effects rather than a clean improvement in ongoing earnings. Overall, the story here is a business resetting its size and mix, with profitability not yet fully reflecting the strategic ambitions.

Balance Sheet

Balance Sheet The balance sheet reflects a company that has been reshaped and de‑levered. Total assets and debt are much lower than a few years ago, consistent with divestitures and the pivot to a more focused software and services model. Debt is still meaningful but far more manageable than before, and equity has rebuilt from a very thin base, which slightly strengthens the capital structure. Cash on hand has improved versus the recent past, giving some flexibility, but the balance sheet is not so strong that it can comfortably absorb prolonged weak performance. The picture is of a leaner, less leveraged company with room to operate, but limited tolerance for extended missteps.

Cash Flow

Cash Flow Historically, NCR Voyix generated solid cash from operations and free cash flow, which supported its transformation efforts. Recently that pattern has reversed: operating cash flow has turned negative and free cash flow has followed, while investment in capital spending has eased modestly. This suggests short‑term pressure from weaker earnings and working capital swings as the business model shifts. If this negative cash flow persists, it could constrain flexibility and increase reliance on the balance sheet or external funding. On the upside, the company has a track record of generating cash in prior years, so even modest improvements in profitability and working capital discipline could move it back to a self‑funding position.

Competitive Edge

Competitive Edge NCR Voyix sits in a strong but contested position in digital commerce for large retailers and restaurant chains. Its biggest advantages are its long history, well‑known brand, and deeply embedded systems at major enterprises, which create high switching costs. The company offers end‑to‑end solutions—from point‑of‑sale and self‑checkout to back‑office software and services—supported by a broad global service network that many smaller rivals cannot match. Its strategic shift to a unified, cloud‑based commerce platform further tightens customer relationships. At the same time, competition is intense: legacy vendors, nimble cloud natives, and payments‑centric players all target overlapping areas. NCR Voyix’s edge will depend on how quickly and effectively it can migrate its installed base onto the new platform and expand its role within existing accounts.

Innovation and R&D

Innovation and R&D Innovation is clearly a focal point. NCR Voyix is moving from hardware‑centric roots toward a cloud‑native, software‑ and services‑led model anchored by the Voyix Commerce Platform. Key initiatives include advanced self‑checkout and point‑of‑sale solutions using artificial intelligence and computer vision, edge computing to keep stores running even with flaky connectivity, and data and analytics tools that turn transaction data into actionable insights. The platform is designed to be open and flexible, allowing third‑party integrations rather than locking customers into a closed stack, which can enhance adoption. The company is also weaving payments more tightly into its offerings and has flagged future product launches and partnerships as growth levers. The main risk is execution: translating this ambitious roadmap into widely adopted, profitable offerings while competing with fast‑moving cloud players is challenging, but the direction is clearly modern and customer‑driven.

Summary

NCR Voyix is a transformation story: a long‑established technology provider refocusing on cloud platforms, software, and services for large retailers and restaurants. Strategically, it has attractive assets—brand strength, a large installed base, an enterprise focus, and a modern platform vision with AI, edge computing, and unified commerce at its core. Financially, though, it is still in the adjustment phase: revenue is lower and more focused than in the past, operating margins are thin and recently negative, and cash flow has turned temporarily unfavorable, even as the balance sheet is leaner and less leveraged than before. The key things to watch are whether recurring software and services revenue grows, operating margins improve, and cash flow turns sustainably positive as more customers migrate onto the Voyix Commerce Platform and adopt its newer AI‑ and payments‑driven offerings.

NEWS

November 14, 2025 · 9:05 AM UTC

NCR Voyix to Present at Upcoming Investor Conferences

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November 6, 2025 · 6:45 AM UTC

NCR Voyix Reports Third Quarter 2025 Results

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October 22, 2025 · 9:30 AM UTC

Marco's Pizza Selects NCR Voyix to Power International Expansion

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October 20, 2025 · 9:00 AM UTC

NCR Voyix and WEX® Team Up to Power Fleet Card Transactions at the Pump

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October 17, 2025 · 11:55 AM UTC

NCR Voyix to Release Third Quarter 2025 Earnings Results

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