NCR Q1 2025 Earnings Report
Key Takeaways
NCR Atleos reported strong first quarter 2025 results, with revenue of $980 million, GAAP net income of $17 million, and Non-GAAP diluted EPS of $0.64. Adjusted EBITDA grew 9% year-over-year to $175 million. The company reaffirmed its full year 2025 guidance.
First quarter profit and earnings were at or above the high-end of guidance ranges.
Revenue was $980 million, with 76% from recurring revenue streams.
Adjusted EBITDA grew 9% year-over-year to $175 million.
Non-GAAP diluted earnings per share grew 56% year-over-year to $0.64.
NCR
NCR
NCR Revenue by Segment
Forward Guidance
NCR Atleos reaffirmed its full year 2025 guidance, expecting growth in Core Revenue, Total Revenue, Adjusted EBITDA, Non-GAAP Diluted EPS, and Adjusted free cash flow-unrestricted.
Positive Outlook
- Core Revenue expected to grow 3% to 6% constant currency.
- Total Revenue expected to grow 1% to 3% constant currency.
- Total Adjusted EBITDA expected to grow 7% to 10% constant currency.
- Non-GAAP Diluted EPS expected to grow 21% to 27%.
- Adjusted free cash flow-unrestricted expected to be $260 million to $300 million.
Challenges Ahead
- Estimated FX impact of -2% on Core and Total Revenue.
- Estimated FX impact of -1% on Total Adjusted EBITDA.
- Assumes Voyix-related revenue down ~$100 million.
- Guidance incorporates consensus average SOFR rates for interest expense.
- Future impact of special tax items, capital structure transactions, restructuring, etc. not included in non-GAAP reconciliation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income