NCR Voyix (VYX) AI Stock Analysis

• Market Cap: $1.37B
• Dividend Yield: N/A
• Average Volume (3M): 1.40M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.45
• Revenue Growth: -22.36%
• EPS Growth: 94.85%
• Country: US
• Employees: 14,000
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.31
• Shares Outstanding: 138,497,530
• 10 Day Avg. Volume: 1,295,702
• 30 Day Avg. Volume: 1,404,699
• PEG Ratio: 0.07
• Price to Book (P/B): 1.66
• Price to Sales (P/S): 0.71
• P/FCF Ratio: -5.74
• Enterprise Value/Market Cap: 1.76
• Enterprise Value/Revenue: 0.91
• Enterprise Value/Gross Profit: 3.99
• Enterprise Value/Ebitda: 9.48
• 1Y Price Target: $15.08
• Price Target Upside: 48.86% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: $11.00 ▲(8.59% Upside)

The score is held back primarily by weak financial performance—especially significant negative operating and free cash flow and unstable profitability—despite some balance-sheet improvement. Offsetting this, the latest earnings call was constructive with strong adjusted EBITDA margin expansion, recurring revenue/ARR growth, and a major customer win (Chipotle). Technicals add modest support near term, while valuation remains challenged due to losses (negative P/E) and no dividend yield data.

Positive Factors

Strategic Shift to Software

The shift to a software-led business model can enhance margins and recurring revenue, providing a more stable and scalable growth path.

Partnership with Chipotle

The exclusive agreement with Chipotle strengthens market position and demonstrates trust in NCR Voyix's technology, potentially leading to further partnerships.

Recurring Revenue Growth

Growth in recurring revenue indicates a successful transition to a more predictable revenue model, enhancing financial stability and investor confidence.

Negative Factors

Declining Total Revenue

A decline in total revenue suggests challenges in maintaining sales momentum, which could impact long-term growth and profitability.

Cash Flow Challenges

Negative cash flow highlights liquidity issues, potentially limiting the company's ability to invest in growth and manage debt obligations effectively.

Operational Inefficiencies

Low EBIT margin indicates inefficiencies that could hinder profitability improvements, necessitating operational restructuring for better cost management.

NCR Voyix Business Overview & Revenue Model

Company Description

NCR Corporation provides various software and services in the United States, Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail, Hospitality, Digital Banking, Payments & Network, and Self-Service Banking segments. It offers managed services, including ATM-as-a-Service solutions that allow banks to run their end-to-end ATM channels; software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers. The company also provides solutions for banking channel services, transaction processing, imaging, and branch services. In addition, it offers solutions for retail industry comprising comprehensive API-point of sale (POS) retail software platforms and applications, hardware terminals and peripherals, payment processing solutions, and consumer engagement solutions, as well as self-service kiosks, which consists of self-checkout (SCO). Further, the company provides technology solutions to customers in the hospitality industry comprising table-service, quick-service, and fast casual restaurants. It also offers cloud-based and cloud-enabled software applications for point-of-sale, back office, payment processing, kitchen production, restaurant management, eCommerce, and consumer marketing and loyalty; and hospitality-oriented hardware products, such as POS terminals, kitchen display systems, handheld devices, printers, and peripherals. Additionally, the company provides managed network and infrastructure services to enterprise clients, as well as professional, field, and remote services for network technologies. It also offers solutions for customer account opening and onboarding across digital, branch, and call center channels. NCR Corporation was founded in 1881 and is headquartered in Atlanta, Georgia.

How the Company Makes Money

NCR Voyix generates revenue primarily through the sale of its POS hardware and software solutions, subscription fees for its cloud services, and transaction fees from payment processing services. The company has established significant partnerships with various financial institutions and technology providers, which contribute to its revenue by facilitating seamless payment processing and expanding its market reach. Additionally, NCR Voyix earns recurring revenue from maintenance contracts, software updates, and customer support services, creating a stable income stream while enhancing customer loyalty.

NCR Voyix Financial Statement Overview

Summary

Results are pressured by weak TTM profitability (near break-even EBIT and negative net income) and especially poor cash generation (deeply negative operating cash flow and negative free cash flow). Leverage has improved versus 2023 but remains elevated (debt-to-equity ~1.6x), increasing risk until cash flow stabilizes.

Income Statement

In TTM (Trailing-Twelve-Months), revenue is down about 1% versus the prior period and profitability is weak: operating profit is near break-even (low EBIT margin) and net income is negative. Gross margin has held in the low-20% range, but EBITDA margin has trended down versus 2022–2023 levels, indicating reduced operating leverage. Prior-year net income was unusually strong (2024 annual) but has not carried into TTM, highlighting earnings volatility.

Balance Sheet

Leverage remains elevated, with debt running above equity (TTM debt-to-equity ~1.6x), which increases sensitivity to operating setbacks. The balance sheet has improved materially versus 2023 (when leverage was extremely high), and total debt has come down sharply from 2021–2022 levels, but the company still carries meaningful debt relative to its earnings power. Equity is positive and sizeable, yet returns to shareholders are unstable given the swing between strong and negative profitability across periods.

Cash Flow

TTM (Trailing-Twelve-Months) cash generation is a key weak spot: operating cash flow is deeply negative and free cash flow is also negative, deteriorating from 2023 when both were solidly positive. This implies that reported results are not translating into cash and/or working-capital and investment needs are consuming liquidity. While free cash flow relative to net income can look optically favorable due to negative net income, the absolute cash burn is the central concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.65B	2.83B	3.18B	3.17B	3.69B	6.21B
Gross Profit	605.00M	579.00M	669.00M	684.00M	925.00M	1.52B
EBITDA	255.00M	232.00M	308.00M	578.00M	488.00M	523.00M
Net Income	-47.00M	958.00M	-423.00M	60.00M	97.00M	-79.00M
Balance Sheet
Total Assets	4.00B	4.45B	4.99B	11.51B	11.64B	8.41B
Cash, Cash Equivalents and Short-Term Investments	288.00M	724.00M	259.00M	221.00M	447.00M	338.00M
Total Debt	1.33B	1.35B	2.83B	5.94B	5.95B	3.60B
Total Liabilities	2.88B	3.25B	4.69B	9.75B	10.11B	7.09B
Stockholders Equity	1.12B	1.21B	301.00M	1.75B	1.53B	1.32B
Cash Flow
Free Cash Flow	-532.00M	-349.00M	317.00M	50.00M	661.00M	378.00M
Operating Cash Flow	-440.00M	-132.00M	694.00M	427.00M	1.01B	641.00M
Investing Cash Flow	62.00M	2.19B	-290.00M	-387.00M	-2.83B	-277.00M
Financing Cash Flow	-154.00M	-1.56B	-839.00M	1.00M	2.18B	-514.00M

NCR Voyix Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.13
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VYX, the sentiment is Negative. The current price of 10.13 is below the 20-day moving average (MA) of 10.45, below the 50-day MA of 10.24, and below the 200-day MA of 11.44, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 45.48 is Neutral, neither overbought nor oversold. The STOCH value of 23.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VYX.

NCR Voyix Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INOD	69 Neutral	$1.77B	56.89	46.40%	―	73.57%	56.21%
FLYW	69 Neutral	$1.54B	-449.29	-0.29%	―	22.71%	-111.24%
TASK	62 Neutral	$976.51M	12.70	15.40%	―	19.88%	51.03%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NABL	61 Neutral	$1.13B	-174.20	-0.83%	―	8.65%	-117.14%
VYX	55 Neutral	$1.37B	-31.22	-3.73%	―	-22.36%	94.85%
BBAI	46 Neutral	$2.20B	-3.36	-111.83%	―	-6.95%	-53.69%

NCR Voyix Corporate Events

NCR Voyix Reports Q3 2025 Financial Results

On November 6, 2025, NCR Voyix reported its financial results for the third quarter of 2025, showing a revenue of $684 million, a decrease from the previous year, but an improved net loss of $17 million compared to $29 million previously. The company also reported an adjusted EBITDA of $125 million, up from $95 million, and a non-GAAP diluted EPS of $0.31. The company announced partnerships with WEX and Corpay in October 2025 to enhance its payment acceptance capabilities, aiming to expand its cloud-native point-of-sale and fuel solutions in 2026. NCR Voyix remains focused on accelerating growth and solidifying its leadership in unified commerce as it looks towards 2026.

The most recent analyst rating on (VYX) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on NCR Voyix stock, see the VYX Stock Forecast page.