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NCR Atleos Corporation 10-Q Filings

NATL NYSE

Every 10-Q that NCR Atleos Corporation (NATL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow NATL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NATL filings page.

Rhea-AI Summary

NCR Atleos Corporation reported stable second‑quarter revenue of $1.10 billion, flat year over year, with first‑half 2026 revenue up 3% to $2.15 billion. Recurring revenue was $776 million in the quarter and $1.53 billion year‑to‑date, reflecting the importance of ATM as a Service and subscription software. Gross margin rose to 28.0% in the quarter, supported by favorable mix, tariff refunds and productivity initiatives.

Net income attributable to Atleos increased to $65 million in Q2 and $87 million for the first half, with diluted EPS of $0.86 and $1.15, respectively. However, net cash provided by operating activities declined to $21 million for the first six months from $98 million a year earlier, driven by working capital movements. The balance sheet shows total assets of $5.66 billion, total liabilities of $5.20 billion, and long‑term borrowings of $2.71 billion.

Atleos entered into a Merger Agreement under which The Brink’s Company will acquire each Atleos share for $30.00 in cash plus 0.1574 Brink’s shares, following stockholder approvals and regulatory clearances, with closing expected early in the first quarter of 2027. The company also corrected immaterial prior‑period misstatements related to revenue and tax items and continues to share certain environmental and legal obligations with NCR Voyix.

Rhea-AI Summary

NCR Atleos reported first‑quarter 2026 revenue of $1.04 billion, up 7% from 2025, driven mainly by higher Self‑Service Banking hardware, installation services and growth in ATM as a Service. Recurring revenue reached $754 million, about 72% of total.

Net income attributable to Atleos rose to $22 million from $14 million, with diluted EPS of $0.29. Adjusted EBITDA was flat at $172 million as margin pressure from higher tariffs, component costs and vault cash largely offset growth. Operating cash flow swung to a $9 million outflow versus $123 million inflow a year earlier.

At quarter‑end, Atleos held $433 million in cash and cash equivalents and $2.70 billion in long‑term borrowings. The company continues to manage significant shared environmental and legal obligations with NCR Voyix. It also expects its planned merger with The Brink’s Company, offering $30.00 in cash plus 0.1574 Brink’s shares per Atleos share, to close in the first quarter of 2027, subject to approvals.

Rhea-AI Summary

NCR Atleos (NATL) reported Q3 results with total revenue of $1,121 million versus $1,073 million a year ago. Product revenue rose to $274 million and service revenue was $847 million. Income from operations was $110 million (vs. $114 million), and net income attributable to Atleos was $26 million, or $0.34 diluted EPS (vs. $0.28).

Year to date, revenue was $3,202 million and net income was $79 million (vs. $39 million). Operating cash flow was $125 million (vs. $264 million). Cash and cash equivalents were $412 million and restricted cash was $162 million; long‑term borrowings were $2,789 million. Stockholders’ equity increased to $331 million.

By segment in Q3, Self-Service Banking delivered $744 million revenue, Network $328 million, and T&T $40 million; total segment Adjusted EBITDA was $297 million (vs. $273 million). Recurring revenue was $783 million. Remaining performance obligations were approximately $2.0 billion, with about three-quarters expected to be recognized over the next 12 months.

The company refinanced Term B Loans on September 18, 2025 and amended its trade receivables facility to $200 million, generating a $34 million operating cash benefit in the quarter. Atleos is revising prior periods for subscription software-related revenue and other immaterial items; a 2024 Form 10‑K/A noted a material weakness in internal control over financial reporting.