VYX NCR Voyix Corp

Overview and Growth

In fiscal 2025, NCR Voyix Corp recorded $2.69B of revenue, net income of $62.00M, and an operating cash outflow of $210.00M. Revenue of $2.69B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 4.6% below fiscal 2024 revenue of $2.82B, marking a top-line contraction. The company reported diluted EPS of $0.30, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 95.4% decrease from fiscal 2024 diluted EPS of $6.52. The company employed $3.92B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.69x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Operations produced $26.00M of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 1.0% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. Net income came to $62.00M, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 2.3% margin after operating costs and the remaining recognized items. The company reported a pretax loss of $31.00M, before the effect of income taxes. Measured against revenue, the pretax deficit represented 1.2%. An income-tax benefit of $73.00M improved the final result relative to pretax income or loss. Return on period-end equity was 6.5%, relating annual net income to the equity capital on the balance sheet. Net income represented 1.6% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

The company held $3.92B of assets against $2.77B of liabilities and $948.00M of equity, revealing how the asset base was financed. At period end, current assets of $1.10B compared with current liabilities of $1.06B, defining the company’s short-term resource position. The current ratio was 1.04x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $231.00M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 21.7% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $1.10B, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 1.16x, showing how much debt the company carried for each unit of book equity. Debt represented 28.1% of total assets, placing borrowing in the context of the company’s full resource base. Liabilities represented 70.5% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 5.9%, comparing reported cash and equivalents with the full positive asset balance. Compared with $4.45B in fiscal 2024, the current asset base moved 11.9% and finished lower. Reported equity changed 1.8% from $931.00M in fiscal 2024, placing the current capital base higher year over year. The reported cash balance changed 68.0% from $722.00M in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

Operating activities used $210.00M of cash, resulting in an operating cash outflow for the year. The company spent $165.00M on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Negative free cash flow was $375.00M, leaving a cash deficit after capital spending and reducing financial flexibility. Relative to revenue, the post-investment cash deficit represented 14.0%. The free-cash-flow deficit equaled 9.6% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.