NCR Atleos Corporation reported a total revenue of $1.121 billion for the third quarter of 2025, marking a 4% increase from $1.073 billion in the same period last year. The company's product revenue rose by 17% to $274 million, while service revenue saw a modest increase of 1% to $847 million. For the nine months ending September 30, 2025, total revenue was $3.202 billion, slightly up from $3.197 billion in the prior year. The net income attributable to Atleos for the third quarter was $26 million, a 24% increase from $21 million in the previous year, resulting in a diluted earnings per share of $0.34 compared to $0.28.
The company experienced notable changes in its operational metrics, with a significant increase in net income for the nine-month period, which more than doubled from $39 million in 2024 to $79 million in 2025. This growth was attributed to improved operational efficiencies and a favorable product mix, particularly in the Self-Service Banking segment, which reported an 11% revenue increase driven by hardware sales and ATM as a Service (ATMaaS) solutions. The Network segment, however, faced challenges, with a slight revenue decline attributed to reduced transaction volumes linked to U.S. immigration policies.
Strategically, NCR Atleos completed its spin-off from NCR Corporation on October 16, 2023, establishing itself as an independent publicly traded entity. This transition involved various agreements with NCR to ensure continuity in operations, including shared services and support. The company is focusing on enhancing its service and software-led solutions, particularly through its ATMaaS offerings, which are expected to drive recurring revenue growth. The firm also reported a commitment to ongoing investments in technology and infrastructure to support its growth strategy.
Operationally, NCR Atleos reported a total of 80,900 managed units in its Network segment, with an average revenue per unit of $16,200. The company’s employee headcount has remained stable, reflecting its focus on optimizing existing resources while pursuing growth opportunities. The firm also noted a decrease in cash provided by operating activities, which fell to $125 million for the nine months ended September 30, 2025, down from $264 million in the prior year, primarily due to timing differences in vendor payments and increased inventory investments.
Looking ahead, NCR Atleos anticipates continued challenges from macroeconomic factors, including inflation and geopolitical tensions, which may impact its operations and financial performance. The company is committed to enhancing its internal controls following the identification of a material weakness in its financial reporting processes. Management is actively implementing measures to address these issues and improve the accuracy of its financial disclosures, aiming to bolster investor confidence and ensure compliance with regulatory standards.
About NCR Atleos Corp
NCR Atleos Corporation is a global financial technology company specializing in self-directed banking solutions. It offers ATM and ITM hardware, software, managed services, and a proprietary network to banks, retailers, and fintechs. Its platform enhances digital banking, reduces costs, and increases transaction efficiency through innovative, recurring revenue models, with a focus on expanding its international footprint and integrated, end-to-end self-service banking ecosystems.
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