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Nice Ltd (NCSYF) Financials

NCSYF
FY2025 annual
Revenue $2.9B +7.7% YoY
Net Income $612.1M +39.3% YoY
EPS (Diluted) $9.67 +43.0% YoY
Free Cash Flow $697.6M -12.5% YoY
Market Cap $5.8B as of Aug 26, 2026
Price / Sales 2.0x on $2.9B revenue, FY2025
Price / Earnings 9.5x on $612.1M net income, FY2025
Price / Book 1.5x on $3.9B equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Aug 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Feb 26, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NCSYF SEC filings page.

Nice Ltd (NCSYF) reported $2.9B in revenue for fiscal year 2025, up 7.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 NCSYF FY2025

NICE’s operating leverage is the dominant mechanic: sales are translating into faster profit growth, while cash conversion weakens.

Between FY2024 and FY2025, revenue growth of 7.7% accompanied operating-income growth of 18.3%, indicating operating leverage rather than simple volume expansion. Net income reached $612.1M even as operating cash flow fell to $716.5M, indicating earnings were not converting into cash as cleanly.

Margin expansion occurred below the gross-profit line: gross margin eased to 66.4% in FY2025 while operating margin reached 21.9%. That gap points to cost absorption or mix effects, not a richer gross margin; R&D was $360M, essentially unchanged from FY2024 as revenue advanced.

Balance-sheet posture became less liability-funded: total liabilities fell to $1.23B while equity reached $3.88B. Yet cash available after reinvestment fell to $697.6M from $797.7M, so stronger capitalization did not translate into greater annual cash generation; financing activity, including repurchases, also consumed cash.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Nice Ltd does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Safe
4.85

Nice Ltd scores 4.85, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($5.8B) relative to total liabilities ($1.2B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
6/8

Nice Ltd passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.17x

For every $1 of reported earnings, Nice Ltd generates $1.17 in operating cash flow ($716.5M OCF vs $612.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt
$379.4M
YoY-21.2%
QoQ-21.2%

Nice Ltd held $379.4M in cash as of Q4 2025; long-term debt is not reported for that period.

Shares Outstanding
60M
YoY-4.5%
QoQ-4.5%

Nice Ltd had 60M shares outstanding in Q4 2025. This represents a decrease of 4.5% from the same quarter a year earlier. Against the prior quarter it is down 4.5%.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

NCSYF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NCSYF quarterly income statement
MetricQ4'2510-KQ4'2410-KQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

NCSYF Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NCSYF quarterly balance sheet
MetricQ4'2510-KQ4'2410-KQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-K
Total Assets$5.1B-3.6%$5.3B+3.5%$5.1B+5.4%$4.9B+3.1%$4.7B+11.3%$4.2B+17.3%$3.6B+12.6%$3.2B+12.7%
Current Assets$1.4B-44.9%$2.5B+8.3%$2.3B-4.3%$2.4B+5.2%$2.3B+18.3%$1.9B+121.8%$875.7M+1.7%$861.2M+24.3%
Cash & Equivalents$379.4M-21.2%$481.7M-5.9%$511.8M-3.4%$529.6M+39.9%$378.7M-14.4%$442.3M+93.7%$228.3M-5.7%$242.1M-26.3%
Short-Term Investments$38.0M-96.7%$1.1B+27.2%$896.0M-14.0%$1.0B-0.4%$1.0B+2.4%$1.0B+384.7%$210.8M-13.5%$243.7M+281.1%
InventoryN/AN/AN/AN/AN/AN/A$3.4M-1.3%$3.4M-11.7%
Accounts Receivable$738.0M+14.6%$644.0M+10.1%$585.2M+12.9%$518.5M+31.1%$395.6M+30.5%$303.1M-5.2%$319.6M+11.0%$288.0M+24.8%
Long-Term Investments$0$0$0$0$0$0-100.0%$542.4M+121.4%$245.0M+84.5%
Goodwill$2.4B+31.9%$1.8B+1.5%$1.8B+12.7%$1.6B+0.6%$1.6B+6.9%$1.5B+9.1%$1.4B+0.9%$1.4B+3.6%
Total Liabilities$1.2B-27.9%$1.7B-4.0%$1.8B-2.0%$1.8B-3.9%$1.9B+13.0%$1.7B+23.4%$1.4B+13.6%$1.2B+8.7%
Current Liabilities$887.6M-39.8%$1.5B+31.6%$1.1B-1.8%$1.1B-10.1%$1.3B+21.6%$1.0B+11.0%$941.0M+50.6%$624.9M+19.4%
Non-Current Liabilities$341.9M+56.6%$218.3M-66.0%$642.8M-2.3%$657.8M+9.1%$602.9M+0.5%$600.0M+45.7%$411.7M-27.2%$565.8M-1.1%
Long-Term DebtN/A$0-100.0%$457.1M+0.4%$455.4M+6.1%$429.3M+1.9%$421.3M+97.5%$213.3M-53.2%$456.0M+1.9%
Total Equity$3.9B+8.0%$3.6B+7.4%$3.3B+9.8%$3.0B+7.7%$2.8B+10.2%$2.6B+13.6%$2.3B+11.9%$2.0B+15.3%
Retained Earnings$3.3B+22.7%$2.7B+19.4%$2.3B+17.5%$1.9B+16.5%$1.7B+13.7%$1.5B+15.6%$1.3B+17.3%$1.1B+26.0%

NCSYF Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NCSYF quarterly cash flow statement
MetricQ4'2510-KQ4'2410-KQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

NCSYF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NCSYF quarterly financial ratios
MetricQ4'2510-KQ4'2410-KQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-K
Current Ratio1.55-0.1x1.70-0.4x2.06-0.1x2.12+0.3x1.810.0x1.86+0.9x0.93-0.4x1.38+0.1x
Debt-to-Equity0.32+0.3x0.00-0.1x0.140.0x0.150.0x0.150.0x0.16+0.1x0.09-0.1x0.230.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Frequently Asked Questions

What is Nice Ltd's annual revenue?

Nice Ltd (NCSYF) reported $2.9B in total revenue for fiscal year 2025. This represents a 7.7% 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.

How fast is Nice Ltd's revenue growing?

Nice Ltd (NCSYF) revenue grew by 7.7% year-over-year, from $2.7B to $2.9B in fiscal year 2025.

Is Nice Ltd profitable?

Yes, Nice Ltd (NCSYF) reported a net income of $612.1M in fiscal year 2025, with a net profit margin of 20.8%.

Nice Ltd (NCSYF) reported diluted earnings per share of $9.67 for fiscal year 2025. This represents a 43.0% 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.

Nice Ltd (NCSYF) had EBITDA of $844.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Nice Ltd (NCSYF) had a gross margin of 66.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Nice Ltd (NCSYF) had an operating margin of 21.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Nice Ltd (NCSYF) had a net profit margin of 20.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Nice Ltd (NCSYF) has a return on equity of 15.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Nice Ltd (NCSYF) generated $697.6M in free cash flow during fiscal year 2025. This represents a -12.5% 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.

Nice Ltd (NCSYF) generated $716.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Nice Ltd (NCSYF) had $5.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Nice Ltd (NCSYF) invested $18.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Nice Ltd (NCSYF) invested $360.4M in research and development during fiscal year 2025.

Yes, Nice Ltd (NCSYF) spent $488.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Nice Ltd (NCSYF) had 60M shares outstanding as of fiscal year 2025.

Nice Ltd (NCSYF) had a current ratio of 1.55 as of fiscal year 2025, which is generally considered healthy.

Nice Ltd (NCSYF) had a debt-to-equity ratio of 0.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Nice Ltd (NCSYF) had a return on assets of 12.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Nice Ltd (NCSYF) trades at 9.5x earnings, its market capitalization divided by net income of $612.1M net income, FY2025. The market capitalization is $5.8B as of Aug 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Nice Ltd (NCSYF) trades at 2.0x sales, its market capitalization divided by revenue of $2.9B revenue, FY2025. The market capitalization is $5.8B as of Aug 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Nice Ltd (NCSYF) has an Altman Z-Score of 4.85, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Nice Ltd (NCSYF) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.

Nice Ltd (NCSYF) has an earnings quality ratio of 1.17x, considered cash-backed (high quality). 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.

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