Completion of Platform Modernization
Completed a five-year transformation modernizing >50 legacy on‑premise applications into a single cloud-to-edge platform, providing a unified architecture and >30,000 feature library to support retail and restaurant customers.
Revenue and Recurring Revenue Growth (Q4)
Q4 total revenue increased 6% to $720 million; reported recurring revenue grew 1% to $422 million (3% when excluding a certain divestiture).
Profitability and Margin Expansion
Adjusted EBITDA rose 17% year-over-year to $130 million with margin expansion of 170 basis points to 18.1%. Non-GAAP EPS increased 48% to $0.31 (GAAP EPS $0.49 included a $65 million tax benefit).
Growth in ARR, Platform Sites and Payment Footprint
Software ARR and total ARR both increased 3% company-wide. Platform sites increased 8% to 80,000 and payment sites increased 4% to 8,600.
Major Customer Wins and Contract Momentum
Signed >20 platform contracts (including three in Q4) with notable enterprise wins: Chipotle (enterprise restaurant platform), Colruyt Group (Voyix POS across >850 grocery stores in BE/LU/FR), and 7‑Eleven Philippines (Voyix POS across ~4,500+ stores).
Strong Services Business and Competitive Differentiator
Services represent over 50% of total revenue, leveraging global scale and domain expertise to expand relationships, speed deployments and drive recurring revenue.
Payments Strategy and Voyix Connect Progress
Expanded proprietary gateway (Voyix Connect) capabilities, completed JetPay front-end migration in the U.S., achieved Corpay certification and progressing to WEX certification; signed a referral agreement in Mexico to broaden Latin America payments.
Retail Segment Strength (Q4)
Retail revenue increased 9% to $508 million; retail recurring revenue grew 3% to $279 million. Retail adjusted EBITDA increased 12% to $114 million with margin up 70 basis points to 22.8%.