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NCR Voyix Corp Financials

NCRRP
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows NCR Voyix Corp (NCRRP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NCRRP FY2025

Deleveraging improved reported earnings, but weak cash conversion now dominates as profits no longer turn into cash.

From FY2024 to FY2025, interest expense fell from $134M to $60M, which helped keep earnings positive after leverage was cut. But FY2025 still showed operating cash flow of -$210M and free cash flow of -$375M, so the cleaner capital structure improved reported profit faster than the business rebuilt its ability to finance itself, a mismatch more consistent with non-cash earnings support than a fully restored operating engine.

Asset shrinkage has been dramatic, with total assets falling from $11.5B in FY2022 to $3.9B in FY2025. Because goodwill still occupies a large share of that smaller base, the balance sheet looks more streamlined on paper than cash-rich in practice, and intangible assets cannot fund day-to-day needs.

Liquidity looks tight rather than ample: cash ended FY2025 at $231M while capital spending still required $165M. That leaves only a modest cushion for a business whose working capital is no longer being covered by operating inflows, so routine reinvestment is leaning more on balance-sheet capacity than on internally generated cash.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 24 / 100
Financial Profile 24/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of NCR Voyix Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
21

NCR Voyix Corp has an operating margin of 1.0%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 21/100, suggesting thin profitability after operating expenses. This is up from -1.4% the prior year.

Growth
20

NCR Voyix Corp's revenue declined 4.6% year-over-year, from $2.8B to $2.7B. This contraction results in a growth score of 20/100.

Leverage
78

NCR Voyix Corp carries a low D/E ratio of 1.16, meaning only $1.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
16

NCR Voyix Corp's current ratio of 1.04 is below the typical benchmark, resulting in a score of 16/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
12

While NCR Voyix Corp generated -$210.0M in operating cash flow, capex of $165.0M consumed most of it, leaving -$375.0M in free cash flow. This results in a low score of 12/100, reflecting heavy capital investment rather than weak cash generation.

Returns
0

NCR Voyix Corp generates a 6.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 102.6% the prior year.

Piotroski F-Score Weak
3/9

NCR Voyix Corp passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality
-3.39x

For every $1 of reported earnings, NCR Voyix Corp generates $-3.39 in operating cash flow (-$210.0M OCF vs $62.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
0.4x

NCR Voyix Corp earns $0.4 in operating income for every $1 of interest expense ($26.0M vs $60.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.7B
YoY-4.6%
5Y CAGR-15.4%
10Y CAGR-8.3%

NCR Voyix Corp generated $2.7B in revenue in fiscal year 2025. This represents a decrease of 4.6% from the prior year.

EBITDA
$257.0M
YoY-0.8%
5Y CAGR-15.2%
10Y CAGR-5.3%

NCR Voyix Corp's EBITDA was $257.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.8% from the prior year.

Net Income
$62.0M
YoY-93.5%

NCR Voyix Corp reported $62.0M in net income in fiscal year 2025. This represents a decrease of 93.5% from the prior year.

EPS (Diluted)
$0.30
YoY-95.4%

NCR Voyix Corp earned $0.30 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 95.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$375.0M
YoY-131.5%

NCR Voyix Corp generated -$375.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 131.5% from the prior year.

Cash & Debt
$231.0M
YoY-68.0%
5Y CAGR-7.3%
10Y CAGR-3.4%

NCR Voyix Corp held $231.0M in cash against $1.1B in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
138M
YoY-2.8%
5Y CAGR+1.2%
10Y CAGR+0.4%

NCR Voyix Corp had 138M shares outstanding in fiscal year 2025. This represents a decrease of 2.8% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
1.0%
YoY+2.3pp
5Y CAGR-2.6pp
10Y CAGR-1.1pp

NCR Voyix Corp's operating margin was 1.0% in fiscal year 2025, reflecting core business profitability. This is up 2.3 percentage points from the prior year.

Net Margin
2.3%
YoY-31.6pp
5Y CAGR+3.6pp
10Y CAGR+5.1pp

NCR Voyix Corp's net profit margin was 2.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 31.6 percentage points from the prior year.

Return on Equity
6.5%
YoY-96.0pp
5Y CAGR+14.1pp
10Y CAGR+31.3pp

NCR Voyix Corp's ROE was 6.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 96.0 percentage points from the prior year.

Capital Allocation

R&D Spending
$155.0M
YoY-1.3%
5Y CAGR-7.9%
10Y CAGR-3.9%

NCR Voyix Corp invested $155.0M in research and development in fiscal year 2025. This represents a decrease of 1.3% from the prior year.

Share Buybacks
$74.0M
YoY+32.1%
5Y CAGR+12.5%

NCR Voyix Corp spent $74.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 32.1% from the prior year.

Capital Expenditures
$165.0M
YoY+450.0%
5Y CAGR+39.7%
10Y CAGR+7.6%

NCR Voyix Corp invested $165.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 450.0% from the prior year.

NCRRP Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $606.0M-16.4% $725.0M+6.0% $684.0M+2.7% $666.0M+8.8% $612.0M-10.3% $682.0M-3.7% $708.0M-1.9% $722.0M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A $149.0M-10.2% $166.0M+31.7% $126.0M
R&D Expenses $39.0M-9.3% $43.0M+7.5% $40.0M+25.0% $32.0M-20.0% $40.0M N/A $38.0M-13.6% $44.0M
SG&A Expenses $110.0M-8.3% $120.0M+8.1% $111.0M+3.7% $107.0M-7.0% $115.0M N/A $113.0M-2.6% $116.0M
Operating Income -$19.0M-205.6% $18.0M+20.0% $15.0M+7.1% $14.0M+166.7% -$21.0M-1150.0% $2.0M-87.5% $16.0M+147.1% -$34.0M
Interest Expense $15.0M-6.3% $16.0M+6.7% $15.0M+7.1% $14.0M-6.7% $15.0M N/A $40.0M-2.4% $41.0M
Income Tax -$39.0M+30.4% -$56.0M-833.3% -$6.0M-50.0% -$4.0M+42.9% -$7.0M N/A -$1.0M-110.0% $10.0M
Net Income -$5.0M-105.1% $98.0M+615.8% -$19.0M $0+100.0% -$17.0M-54.5% -$11.0M-101.0% $1.1B+1582.2% -$73.0M
EPS (Diluted) $-0.06 N/A $-0.16-433.3% $-0.03+80.0% $-0.15-50.0% $-0.10-101.3% $7.41+1498.1% $-0.53

NCRRP Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $3.9B+0.1% $3.9B-2.0% $4.0B+0.5% $4.0B-8.1% $4.3B-2.6% $4.5B-4.7% $4.7B-2.3% $4.8B
Current Assets $1.2B+6.4% $1.1B-12.7% $1.3B+3.4% $1.2B-22.1% $1.6B-6.1% $1.7B-8.4% $1.8B+71.5% $1.1B
Cash & Equivalents $232.0M+0.4% $231.0M-18.1% $282.0M+2.2% $276.0M-51.8% $573.0M-20.6% $722.0M-8.8% $792.0M+290.1% $203.0M
Inventory $159.0M-26.7% $217.0M-1.8% $221.0M+4.2% $212.0M-2.8% $218.0M+4.8% $208.0M0.0% $208.0M-5.5% $220.0M
Accounts Receivable $457.0M-2.8% $470.0M-14.2% $548.0M+8.1% $507.0M-10.6% $567.0M+6.6% $532.0M-14.6% $623.0M+45.2% $429.0M
Goodwill $1.5B-0.1% $1.5B0.0% $1.5B-0.2% $1.5B+0.3% $1.5B+0.2% $1.5B-0.3% $1.5B-25.4% $2.0B
Total Liabilities $2.8B+0.8% $2.8B-3.9% $2.9B+1.3% $2.8B-11.3% $3.2B-1.3% $3.2B-4.2% $3.4B-26.3% $4.6B
Current Liabilities $1.1B+4.2% $1.1B-4.3% $1.1B+5.6% $1.1B-25.0% $1.4B-1.0% $1.4B-7.0% $1.5B+21.8% $1.3B
Long-Term Debt $1.1B0.0% $1.1B+0.1% $1.1B0.0% $1.1B0.0% $1.1B+0.1% $1.1B0.0% $1.1B-57.7% $2.6B
Total Equity $928.0M-2.1% $948.0M+11.8% $848.0M-2.2% $867.0M+1.2% $857.0M-8.1% $933.0M-7.9% $1.0B+1291.8% -$85.0M
Retained Earnings $551.0M-1.4% $559.0M+18.9% $470.0M-4.5% $492.0M-0.8% $496.0M-7.3% $535.0M-4.6% $561.0M+208.5% -$517.0M

NCRRP Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow $42.0M-30.0% $60.0M+328.6% $14.0M+105.8% -$242.0M-476.2% -$42.0M+75.3% -$170.0M-1645.5% $11.0M-82.3% $62.0M
Capital Expenditures $36.0M-75.3% $146.0M+3550.0% $4.0M+116.7% -$24.0M-161.5% $39.0M+457.1% $7.0M+250.0% $2.0M-84.6% $13.0M
Free Cash Flow $6.0M+107.0% -$86.0M-960.0% $10.0M+103.8% -$266.0M-228.4% -$81.0M+54.2% -$177.0M-2066.7% $9.0M-81.6% $49.0M
Investing Cash Flow -$21.0M+12.5% -$24.0M+31.4% -$35.0M+12.5% -$40.0M-14.3% -$35.0M-120.3% $172.0M-91.8% $2.1B+7870.4% -$27.0M
Financing Cash Flow -$18.0M+78.8% -$85.0M-2025.0% -$4.0M+66.7% -$12.0M+83.8% -$74.0M-15.6% -$64.0M+95.8% -$1.5B-2224.6% -$65.0M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $9.0M+80.0% $5.0M $0-100.0% $7.0M-88.7% $62.0M+10.7% $56.0M $0 $0

NCRRP Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin N/A N/A N/A N/A N/A 21.9%-1.6pp 23.4%+6.0pp 17.4%
Operating Margin -3.1%-5.6pp 2.5%+0.3pp 2.2%+0.1pp 2.1%+5.5pp -3.4%-3.7pp 0.3%-2.0pp 2.3%+7.0pp -4.7%
Net Margin -0.8%-14.3pp 13.5%+16.3pp -2.8%-2.8pp 0.0%+2.8pp -2.8%-1.2pp -1.6%-154.4pp 152.8%+162.9pp -10.1%
Return on Equity -0.5%-10.9pp 10.3%+12.6pp -2.2%-2.2pp 0.0%+2.0pp -2.0%-0.8pp -1.2%-108.0pp 106.8% N/A
Return on Assets -0.1%-2.6pp 2.5%+3.0pp -0.5%-0.5pp 0.0%+0.4pp -0.4%-0.1pp -0.3%-23.4pp 23.2%+24.7pp -1.5%
Current Ratio 1.06+0.0 1.04-0.1 1.13-0.0 1.16+0.0 1.12-0.1 1.18-0.0 1.20+0.3 0.85
Debt-to-Equity 1.19+0.0 1.16-0.1 1.30+0.0 1.27-0.0 1.28+0.1 1.18+0.1 1.08+31.6 -30.53
FCF Margin 1.0%+12.8pp -11.9%-13.3pp 1.5%+41.4pp -39.9%-26.7pp -13.2%+12.7pp -25.9%-27.2pp 1.3%-5.5pp 6.8%

Frequently Asked Questions

NCR Voyix Corp (NCRRP) reported $2.7B in total revenue for fiscal year 2025. This represents a -4.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

NCR Voyix Corp (NCRRP) revenue declined by 4.6% year-over-year, from $2.8B to $2.7B in fiscal year 2025.

Yes, NCR Voyix Corp (NCRRP) reported a net income of $62.0M in fiscal year 2025, with a net profit margin of 2.3%.

NCR Voyix Corp (NCRRP) reported diluted earnings per share of $0.30 for fiscal year 2025. This represents a -95.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

NCR Voyix Corp (NCRRP) had EBITDA of $257.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, NCR Voyix Corp (NCRRP) had $231.0M in cash and equivalents against $1.1B in long-term debt.

NCR Voyix Corp (NCRRP) had an operating margin of 1.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

NCR Voyix Corp (NCRRP) had a net profit margin of 2.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

NCR Voyix Corp (NCRRP) has a return on equity of 6.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

NCR Voyix Corp (NCRRP) generated -$375.0M in free cash flow during fiscal year 2025. This represents a -131.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

NCR Voyix Corp (NCRRP) generated -$210.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

NCR Voyix Corp (NCRRP) had $3.9B in total assets as of fiscal year 2025, including both current and long-term assets.

NCR Voyix Corp (NCRRP) invested $165.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

NCR Voyix Corp (NCRRP) invested $155.0M in research and development during fiscal year 2025.

Yes, NCR Voyix Corp (NCRRP) spent $74.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

NCR Voyix Corp (NCRRP) had 138M shares outstanding as of fiscal year 2025.

NCR Voyix Corp (NCRRP) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.

NCR Voyix Corp (NCRRP) had a debt-to-equity ratio of 1.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

NCR Voyix Corp (NCRRP) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, NCR Voyix Corp (NCRRP) had $231.0M in cash against an annual operating cash burn of $210.0M. This gives an estimated cash runway of approximately 13 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

NCR Voyix Corp (NCRRP) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

NCR Voyix Corp (NCRRP) has an earnings quality ratio of -3.39x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

NCR Voyix Corp (NCRRP) has an interest coverage ratio of 0.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

NCR Voyix Corp (NCRRP) scores 24 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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