NCR Atleos Corporation unveils its financial results for the second quarter of 2025
NCR Atleos Corporation Reports Strong Second Quarter Results
NCR Atleos Corporation, a leading player in the fintech industry, has announced its second quarter results for the year 2025, showcasing a robust performance that met or exceeded the high-end of previously provided guidance ranges.
The company reported a revenue of $1.10 billion for the quarter, with 773 million dollars coming from recurring revenue streams, representing 70% of the total revenue. This shift towards recurring revenue streams is a strategic move led by Tim Oliver, the 56-year-old CEO and a board member of NCR Atleos Corporation since October 15, 2023.
Oliver's leadership has been instrumental in the company's transition to a software-as-a-service model, aimed at enhancing shareholder value amidst intense fintech competition.
In terms of earnings, the diluted earnings per share for the second quarter increased 46% on a GAAP basis and 9% on a non-GAAP basis. The GAAP net income for the quarter was $45 million, marking a 50% increase year over year.
The company's income from operations also saw a growth of 11% on a GAAP basis, reaching $153 million. Adjusted income from operations (non-GAAP) increased by 4%.
The financial performance was further bolstered by an Adjusted EBITDA of $205 million, a 4% increase from the previous year. Adjusted EBITDA for the quarter grew, and the Adjusted EBITDA margin expanded by 40 basis points.
However, the gross margin for the quarter decreased by 30 basis points on a GAAP basis. The adjusted gross profit (non-GAAP) for the quarter was $275 million, but the adjusted gross margin (non-GAAP) decreased by 50 basis points.
The net cash used by operating activities for the quarter was $23 million, while the adjusted free cash flow-unrestricted for the second quarter was $15 million.
In a move to return value to shareholders, NCR Atleos Corporation announced a $200 million share repurchase authorization. This authorization represents approximately 10% of the company's current market capitalization. Mr. Oliver also announced a $200 million share repurchase program with a two-year duration.
Tim Oliver expressed confidence in the company's full year 2025 guidance, signalling continued optimism for the future of NCR Atleos Corporation.
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