Ncr Voyix Corporation · NYSE:VYX
Ncr Voyix — Q3 2025 Earnings Presentation
23 slides from Ncr Voyix's earnings presentation, Nov 6, 2025
Slide 1: Q3 2025 Earnings Report
Q3 2025 Earnings Report November 6, 2025 NYSE:VYX 1
Slide 2: Notes to Investors
Notes to Investors SPIN-OFF INFORMATION. On October 16, 2023, NCR Voyix completed the spin-off of NCR Atleos Corporation (“NCR Atleos”) as an independent, publicly traded company. The historical financial results of NCR Atleos are reflected as discontinued operations in NCR Voyix’s consolidated fina
Slide 3: Notes to Investors
Notes to Investors NON-GAAP MEASURES. While the Company reports its results in accordance with generally accepted accounting principles in the United States, or GAAP, comments made during this presentation and in the associated remarks will include or make reference to certain “non-GAAP” measures, i
Slide 4: Notes to Investors
Notes to Investors FORWARD-LOOKING STATEMENTS. This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). Statements can generally be identified as forward-looking because they include words such as “expect,” “target,
Slide 5: Q3 2025 Results
Q3 2025 Results +12% platform sites +3% payment sites +5% ARR 255+ new customers $ in Millions except EPS Revenue Recurring vs. Non-Recurring Revenue $192 $180 $303 $259 $272 $264 +5% Recurring $244 $240 $405 $425 3Q24 3Q25 3Q24 3Q25 Software Services Hardware Recurring Non-Recurring Adjusted EBITDA
Slide 6: Q3 2025 - Restaurants
Q3 2025 - Restaurants +6% platform sites +2% payment sites +7% ARR 225+ new customers $ in Millions Revenue Recurring vs. Non- Adjusted EBITDA (Margin %) Recurring Revenue 31.3% 35.2% $49 $52 $75 $72 $74 $64 $74 +7% $66 Recurring $87 $86 $137 $146 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 Software Services Hard
Slide 7: Q3 2025 - Retail
Q3 2025 - Retail +16% platform sites +9% payment sites +4% ARR 30+ new customers $ in Millions Revenue Recurring vs. Non- Adjusted EBITDA (Margin %) Recurring Revenue 22.2% 19.3% $141 $125 $193 $191 $221 $191 $108 +4% $90 17.6% Recurring 22.1% $153 $151 $266 $276 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 Softwa
Slide 8: Cash and Debt Information
Cash and Debt Information $ in Millions Leverage and Cash Flow 09/30/2025 Debt Term Structure Capital Expenditures3 Weighted Avg Rate: 5.06% Total Debt $1,105 Fixed Rate Debt: 100% Avg Maturity: 3.3 years Cash and cash equivalents (282) $750 $650 • $38M of capital expenditures Net Debt $823 in 3Q25
Slide 9: FY 2025 Performance Outlook
FY 2025 Performance Outlook1 $ in millions (except EPS) Previous Updated Total Revenue $2,575 - $2,650 $2,650 - $2,670 Software and Services $1,995 - $2,020 $1,980 - $1,990 Revenue Hardware Revenue $580 - $630 $670 - $680 Adjusted EBITDA $420 - $445 $420 - $435 Non-GAAP Diluted EPS2 $0.75 - $0.80 $0
Slide 10: Appendix
Appendix NYSE:VYX 10
Slide 11: YTD 2025 Results
YTD 2025 Results +12% platform sites +3% payment sites +5% ARR ~730 new customers $ in Millions except EPS Revenue Recurring vs. Non-Recurring Revenue $608 $485 $929 $713 $796 $773 +4% Recurring $1,211 $1,254 $736 $709 YTD 2024 YTD 2025 YTD 2024 YTD 2025 Software Services Hardware Recurring Non-Recu
Slide 12: YTD 2025 - Restaurants
YTD 2025 - Restaurants +6% platform sites +2% payment sites +7% ARR 600+ new customers $ in Millions Revenue Recurring vs. Non- Adjusted EBITDA (Margin %) Recurring Revenue 33.2% 29.8% $141 $140 $211 $205 $200 $179 $183 $201 $262 $261 $414 $427 YTD 2024 YTD 2025 YTD 2024 YTD 2025 YTD 2024 YTD 2025 S
Slide 13: YTD 2025 - Retail
YTD 2025 - Retail +16% platform sites +9% payment sites +4% ARR 110+ new customers $ in Millions Revenue Recurring vs. Non- Adjusted EBITDA (Margin %) Recurring Revenue 18.8% 17.6% $464 $341 $710 $523 $281 $568 $562 $236 $463 $438 $785 $818 YTD 2024 YTD 2025 YTD 2024 YTD 2025 YTD 2024 YTD 2025 Softw
Slide 14: Non-GAAP Measures
Non-GAAP Measures While NCR Voyix reports its results in accordance with generally accepted accounting principles (GAAP) in the United States, comments made during this conference call and in these materials will include non-GAAP measures. These measures are included to provide additional useful inf
Slide 15: Non-GAAP Measures
Non-GAAP Measures Adjusted Free Cash Flow-Unrestricted: NCR Voyix management uses the non-GAAP measure called “adjusted free cash flow-unrestricted” to assess the financial performance of the Company. We define adjusted free cash flow-unrestricted as net cash provided by (used in) operating activiti
Slide 16: Non-GAAP Measures
Non-GAAP Measures NON-GAAP RECONCILIATIONS: The Company’s definitions and calculations of these non-GAAP measures may differ from similarly-titled measures reported by other companies and cannot, therefore, be compared with similarly-titled measures of other companies. These non-GAAP measures should
Slide 17: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Normalized Software & Services Revenue: Normalized for comparisons for commercial agreements $ in millions Q3 2025 Q3 2024 YTD 2025 YTD 2024 Reported Revenue $684 $708 $1,967 $2,140 $ in millions Q3 2025 Q3 2024 YTD 2025 YTD 2024 Reported Software & Serv
Slide 18: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Adjusted EBITDA $ in millions Q3 2025 Q3 2024 YTD 2025 YTD 2024 LTM 2025 Net Income (Loss) from Continuing Operations Attributable to NCR Voyix (GAAP) $ (17) $ (29) $ (36) $ (190) $ (47) Depreciation and amortization (excluding acquisition-related amorti
Slide 19: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Adjusted Free Cash Flow-Unrestricted $ in millions Q3 2025 YTD 2025 Net cash provided by (used in) operating activities (GAAP) $ 14 $ (270) Expenditures for property, plant and equipment (4) (19) Additions to capitalized software (34) (100) Restricted ca
Slide 20: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Q3 2025 Q3 2025 Q3 2024 Q3 2024 $ in millions (except EPS) GAAP Non-GAAP2 GAAP Non-GAAP2 Income (loss) from continuing operations attributable to NCR Voyix common stockholders Income (loss) from continuing operations (attributable to NCR Voyix) $ (17) $
Slide 21: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials 2025 YTD 2025 YTD 2024 YTD 2024 YTD $ in millions (except EPS) GAAP Non-GAAP2 GAAP Non-GAAP2 Income (loss) from continuing operations attributable to NCR Voyix common stockholders Income (loss) from continuing operations (attributable to NCR Voyix) $ (36
Slide 22: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Income (loss) from continuing operations (attributable to NCR Voyix) $ in millions Q3 2025 Q3 2024 YTD 2025 YTD 2024 Income (loss) from continuing operations (attributable to NCR Voyix) $ (17) $ (29) $ (36) $ (190) Acquisition-related amortization of int
Slide 23: Reconciliation of GAAP to Non-GAAP Financials
Reconciliation of GAAP to Non-GAAP Financials Net Debt and Adjusted Net Leverage Ratio $ in millions September 30, 2025 Total Debt $ 1,105 Less: Cash and cash equivalents 282 Net Debt $ 823 LTM Adjusted EBITDA $406 Adjusted Net Leverage Ratio 2.0x NYSE:VYX 23