NCR Atleos Corporation (NATL)

In Q3 2025, NCR Atleos reported EPS matching expectations but revenue missing forecasts, leading to a stock drop, despite adjusted EBITDA and free cash flow increases. NCR Atleos partnered with Epirus Bank to modernize its ATM network in Greece using the ATM as a Service model. NCR Atleos was ranked #12 on Newsweek's 2025 Top 100 Global Most Loved Workplaces®. NCR Atleos improved to #5 in the 2025 IDC FinTech Rankings and was recognized as the largest ATM company. The stock price closed at $40.11 on January 12, 2026, a 9.10% increase from December 26, 2024.

While specific details on demand seasonality are not explicitly provided, NCR Atleos's transition to a subscription-based "ATM-as-a-Service" platform aims to reduce the impact of traditional hardware sales seasonality. The company has seen an increase in recurring revenue, suggesting a reduced sensitivity to seasonal fluctuations. Despite the shift, there was a strong hardware outlook for the remainder of 2024, and management indicated that an increase in net debt in Q1 2025 was largely seasonal. The company benefits from the increasing importance of self-service banking, driving consistent demand. While base service revenue is stable, demand for additional services might fluctuate.

NCR Atleos Corporation is a financial technology company specializing in self-directed banking solutions for financial institutions, merchants, manufacturers, retailers, and consumers globally. The company's core business revolves around ATM technology and related services, including manufacturing, deployment, and maintenance. NCR Atleos offers a range of technologies and services, such as self-service banking kiosks, ATMs, ITMs, advanced payment solutions, retail point-of-sale systems, and software platforms. Its "ATM as a Service" model manages ATM operations for financial institutions, including back-office functions, cash management, software management, and ATM deployment. The company also provides access to the Allpoint network, the largest retail surcharge-free ATM network in the United States, with approximately 83,000 locations, managed network and infrastructure services, and the LibertyX solution for buying and selling Bitcoin.

NCR Atleos Corporation has a global presence with solutions deployed in over 160 countries. The company's headquarters are located in Atlanta, Georgia, U.S. It operates in the United States, the rest of the Americas, the United Kingdom, the rest of Europe, the Middle East, Africa, and the Asia Pacific. NCR Atleos has approximately 20,000 employees globally.

NCR Atleos has maintained a positive brand reputation, improving its ranking to #5 in the 2025 IDC FinTech Rankings and being recognized as the largest ATM company. NCR Atleos was ranked #12 in Newsweek's 2025 Top 100 Global Most Loved Workplaces®, suggesting a positive internal culture and employee satisfaction. Recent partnerships, such as the one with Epirus Bank in Greece, demonstrate continued trust in Atleos's solutions.

NCR Atleos Corporation has significant institutional ownership, with 591 institutional owners and shareholders holding between 84.06% and 96.3% of the company. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and Alliancebernstein L.P. Individual insider ownership is relatively small, at approximately 0.509% of the shares. Recent insider transactions show some selling activity by Michelle Frymire in November 2025 and buying activity by Joseph Reece in March 2025.