NCR Atleos (NATL) financial statements
NCR Atleos reported revenue of $4.4B in fiscal 2025, up 5.2% a year over 4 years.
Net income was $162M and the operating margin 11.0%, against 7.0% in 2021.
Free cash flow was $200M, and the company returned $28M in net buybacks.
The diluted share count rose 7% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NCR Atleos's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.5B | $4.1B | $4.2B | $4.3B | $4.4B |
| Research and development | $107M | $64M | $80M | $62M | $70M |
| Selling, general and admin | $537M | $586M | $585M | $521M | $513M |
| Operating income | $248M | $258M | $263M | $437M | $478M |
| Interest expense | — | $31M | $90M | $309M | $270M |
| Pre-tax income | $251M | $146M | $89M | $125M | $189M |
| Income tax | $64M | $48M | $237M | $44M | $27M |
| Net income | $186M | $99M | -$150M | $80M | $162M |
| EPS (diluted) | $2.63 | $1.40 | -$2.12 | $1.08 | $2.14 |
| Diluted shares | 71M | 71M | 71M | 74M | 76M |
| Operating margin | 7.0% | 6.3% | 6.3% | 10.2% | 11.0% |
| Net margin | 5.2% | 2.4% | -3.6% | 1.9% | 3.7% |
Balance sheet
Fiscal years, from NCR Atleos's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $238M | $293M | $339M | $419M | $456M |
| Receivables | — | $455M | $707M | $581M | $550M |
| Inventory | — | $419M | $333M | $307M | $342M |
| Total current assets | — | $1.6B | $1.9B | $1.7B | $1.8B |
| Property, plant and equipment | — | $412M | $468M | $474M | $511M |
| Goodwill | $1.9B | $1.9B | $2.0B | $1.9B | $2.0B |
| Total assets | — | $5.8B | $5.7B | $5.5B | $5.7B |
| Total current liabilities | — | $1.4B | $1.8B | $1.7B | $1.9B |
| Long-term debt | — | $717M | $2.9B | $2.9B | $2.7B |
| Total liabilities | — | $2.5B | $5.5B | $5.3B | $5.3B |
| Shareholders' equity | $2.3B | $3.3B | $219M | $219M | $403M |
| Net debt | -$238M | $532M | $2.7B | $2.5B | $2.3B |
Cash flow
Fiscal years, from NCR Atleos's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $449M | $274M | $355M | $344M | $356M |
| Capital spending | $111M | $97M | $132M | $126M | $156M |
| Free cash flow | $338M | $177M | $223M | $218M | $200M |
| Stock-based compensation | $82M | $66M | $68M | $38M | $34M |
| Share buybacks (net) | — | — | $0 | $0 | -$28M |
| Free cash flow margin | 9.5% | 4.3% | 5.3% | 5.1% | 4.6% |
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Open NATL in InvestinglyQuestions
What was NCR Atleos's revenue in 2025?
$4.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does NCR Atleos generate?
$200M in fiscal 2025 (operating cash flow minus capital spending).
From NCR Atleos's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.