NCR Voyix Narrows Q1 Loss to $2M, Delivers $78M Adjusted EBITDA
NCR Voyix’s Q1 revenue was $606M versus $612M with adjusted EBITDA improving to $78M from $74M and non-GAAP EPS rising to $0.10 from $0.08. Net loss narrowed to $2M from $21M and remaining contract value surged 75% to $293M after completing hardware transition and planning sale of Japan unit.
1. First Quarter Financial Results
NCR Voyix reported Q1 revenue of $606 million compared to $612 million a year ago. The company reduced its net loss to $2 million from $21 million, improved diluted EPS from continuing operations to $(0.04) versus $(0.18), achieved adjusted EBITDA of $78 million up from $74 million, and recorded non-GAAP diluted EPS of $0.10 versus $0.08.
2. Recurring Revenue and Contract Value
Recurring revenue increased to $419 million from $404 million year-over-year. Remaining contract value for the Voyix Commerce Platform reached approximately $293 million as of March 31, marking a 75% annual rise and 15% sequential gain, with new customer contracts comprising 13% of the total.
3. Customer Wins and Platform Growth
Platform sites grew to 83,000, a 7% increase, and payment sites rose to more than 8,500, up 3% from the prior year. In the quarter, the company secured a 165-store deployment contract with Stater Bros. Markets and a five-year platform agreement with Pilot covering its convenience and fuel retail operations.
4. Strategic Actions and Outlook
The company completed its hardware business transition with Ennoconn, shifting to net commission revenue recognition, and agreed to sell its Japan bank technology solutions unit by year-end. It updated its 2026 outlook to $2.188–$2.303 billion in revenue (pro forma change of -2% to +3%), $432–$447 million in adjusted EBITDA, non-GAAP EPS of $0.89–$0.92, and unrestricted free cash flow of $190–$220 million.