NCR Voyix Reports $684 Million Revenue in Q3 2025, Net Loss of $17 Million

NCR Voyix Corporation reported a total revenue of $684 million for the third quarter of 2025, a decrease of 3% compared to $708 million in the same period last year. The decline was primarily driven by an 8% drop in product revenue, which fell to $200 million from $218 million, attributed to reduced sales in self-checkout and point-of-sale hardware, as well as lower software license revenues. Service revenue, however, showed a slight decrease of 1%, totaling $484 million, reflecting a mix of increased software maintenance revenue offset by declines in one-time implementation and professional services revenue. For the nine months ended September 30, 2025, total revenue was $1.967 billion, down 8% from $2.140 billion in 2024.

The company reported a net loss from continuing operations attributable to NCR Voyix of $17 million for the third quarter, an improvement from a loss of $29 million in the prior year. Adjusted EBITDA for the quarter was $125 million, marking a 32% increase from $95 million in the same quarter of 2024. The improvement in adjusted EBITDA was attributed to cost reduction initiatives and a favorable revenue mix in the restaurant segment, which saw a 12% increase in adjusted EBITDA year-over-year.

Strategically, NCR Voyix completed the spin-off of its ATM-focused business, NCR Atleos, on October 16, 2023, which has been reflected in its financials as discontinued operations. Additionally, the company is transitioning its self-checkout and point-of-sale hardware businesses to an outsourced design and manufacturing model with Ennoconn Corporation, expected to commence in January 2026. This transition aims to streamline operations and enhance service offerings while allowing NCR Voyix to focus on its core software and service capabilities.

Operationally, NCR Voyix's workforce comprised approximately 14,000 employees across 30 countries as of September 30, 2025. The company reported a recurring revenue increase of 5% year-over-year, which now constitutes 62% of total revenue, indicating a shift towards more predictable revenue streams. However, the company faced challenges with cash flow, reporting a cash outflow of $270 million from operating activities for the nine months ended September 30, 2025, primarily due to tax payments related to the Digital Banking Sale.

Looking ahead, NCR Voyix anticipates continued challenges from macroeconomic factors, including inflation and geopolitical pressures, which may impact customer spending and overall financial performance. The company remains focused on enhancing its technology offerings and expanding its market share in the retail and restaurant sectors, while also managing its operational costs effectively to drive profitability.