Revenue Growth - Total Revenue increased 4% year over year to $1.12 billion, with 70% derived from recurring revenue streams[6] - ATM hardware revenue grew 24% year over year, contributing to the expansion of the global installed base[1] - ATM as a Service (ATMaaS) revenue grew nearly 40% year over year, with expectations of over 40% growth in Q4[6] - Core Revenue, excluding Voyix, improved 6% to $1.11 billion, driven by growth in ATMaaS and hardware demand[5] - Total revenue for Q3 2025 was $1,121 million, a 4.5% increase from $1,073 million in Q3 2024[22] - Product revenue increased to $274 million in Q3 2025, up 17.1% from $234 million in Q3 2024[22] - Service revenue remained stable at $847 million in Q3 2025 compared to $839 million in Q3 2024[22] - Annualized Recurring Revenue (ARR) for Q3 2025 reached $1,712 million, up from $1,645 million in Q3 2024, indicating a growth of 4.1%[39] - Recurring revenue accounted for 70% of total revenue in Q3 2025, compared to 73% in Q3 2024[39] - Total revenue for Q3 2025 was $1,121 million, a 4.5% increase from $1,073 million in Q3 2024[39] Profitability Metrics - Net Income attributable to Atleos rose 24% to $26 million, maintaining a net income margin of 2%[8] - Adjusted EBITDA increased 7% to $219 million, with an adjusted EBITDA margin of 19.5%[9] - Gross Profit for Q3 2025 increased 6% to $271 million, with a Gross Margin of 24.2%[7] - Gross profit for Q3 2025 was $271 million, representing a gross margin of 24.2%, up from 23.9% in Q3 2024[22] - Adjusted Diluted Earnings per Share increased 22% to $1.09, compared to $0.89 in the prior year period[6] - Basic net income per share attributable to Atleos common stockholders was $0.35 for Q3 2025, up from $0.29 in Q3 2024[22] - Diluted earnings per share (Non-GAAP) for Q3 2025 was $1.09, compared to $0.89 in Q3 2024, reflecting a growth of 22.5%[41] Cash Flow and Liquidity - Net Cash Flow from operating activities was $27 million, with Adjusted Free Cash Flow at $124 million[10] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $125 million, compared to $264 million for the same period in 2024[26] - Cash and cash equivalents at the end of Q3 2025 were $587 million, down from $684 million at the end of Q3 2024[26] - Net cash provided by operating activities in Q3 2025 was $27 million, down from $107 million in Q3 2024[43] - Adjusted free cash flow-unrestricted for Q3 2025 was $124 million, significantly higher than $38 million in Q3 2024[43] Assets and Liabilities - Total assets as of September 30, 2025, were $5,650 million, an increase from $5,535 million as of December 31, 2024[24] - Total liabilities as of September 30, 2025, were $5,319 million, slightly up from $5,312 million as of December 31, 2024[24]
NCR Atleos (NATL) - 2025 Q3 - Quarterly Results