NCR Voyix Reports $666 Million Revenue in Q2 2025, Net Income Improves to $1 Million

NCR Voyix Corporation reported a total revenue of $666 million for the second quarter of 2025, reflecting an 8% decrease compared to $722 million in the same period of 2024. The decline was primarily driven by a 24% drop in product revenue, which fell to $185 million from $244 million, attributed to reduced sales in self-checkout and point-of-sale hardware. Service revenue, however, saw a slight increase of 1%, totaling $481 million, supported by growth in payments processing and hardware maintenance revenue. For the first half of 2025, total revenue was $1.283 billion, down 10% from $1.432 billion in the prior year.

The company reported a net income of $1 million from continuing operations for the second quarter, a significant improvement from a net loss of $90 million in the same quarter of 2024. This turnaround was aided by a reduction in interest expenses, which decreased by 66% to $14 million, and a 20% increase in Adjusted EBITDA, which reached $95 million. The overall operating expenses also declined, contributing to the improved profitability metrics.

Strategically, NCR Voyix has undergone significant changes, including the spin-off of its ATM-focused business, NCR Atleos, completed on October 16, 2023, and the sale of its Digital Banking segment for $2.45 billion in cash, finalized on September 30, 2024. These transactions have been classified as discontinued operations in the financial statements. Additionally, the company is transitioning its hardware business to an outsourced design and manufacturing model in partnership with Ennoconn Corporation, which is expected to enhance operational efficiency and reduce costs.

Operationally, NCR Voyix's customer engagement metrics showed resilience, with recurring revenue increasing by 4% year-over-year, now comprising 63% of total revenue. The company reported a total employee headcount of approximately 14,000 across 30 countries, indicating a stable workforce despite the ongoing strategic transitions. The company also noted a significant cash position of $276 million as of June 30, 2025, alongside total debt of $1.1 billion, providing a solid liquidity foundation for future investments and operational needs.

Looking ahead, NCR Voyix aims to leverage its cloud-based software and services to capture growth opportunities in the retail and restaurant sectors. The company is focused on enhancing customer experiences through innovation and strategic investments, while also navigating macroeconomic challenges such as inflation and fluctuating foreign exchange rates. The management remains optimistic about the potential for increased demand for its solutions as businesses continue to adopt technology to improve operational efficiencies.