VYX on NYSE

NCR Corporation

Logo: Saul Bass for NCR Corporation, Public domain, via Wikimedia Commons5

American software company

NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It produces self-service kiosks, point-of-sale software and terminals, check processing systems, thermal printers, and barcode scanners. NCR was founded in Dayton, Ohio, in 1884.3 It was founded by John Henry Patterson.1 It employed about 21,500 people in 2009.1 Its revenue was $4.6 billion in 2009.1 Its shares trade on NYSE under the symbol VYX.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1884Founded1

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  • TickerVYX on NYSE1
  • IndustryICT, information and communications technology1
  • HeadquartersAtlanta1
  • Founded inDayton1
  • Websitewww.ncrvoyix.com
  • Incorporated inMD6
  • Business address864 Spring St Nw, Atlanta, Ga 303086
  • Filer categoryLarge accelerated filer6
  • Legal formCorporation4
  • LEI549300YKTY8JX1DV2R674
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CSC-LAWYERS INCORPORATING SERVICE COMPANY, 21202 Baltimore, United States4
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D001587904
NCR Duluth Georgia
Photo: Mike Gonzalez ( TheCoffee ), CC BY-SA 3.0, via Wikimedia Commons9

NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It produces self-service kiosks, point-of-sale software and terminals, check processing systems, thermal printers, and barcode scanners.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

1.0%Operating margin10
2.3%Net margin10
-4.6%Revenue growth, 202510
6.5%Return on equity10
1.16×Debt to equity10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Recurring revenue brought in 62% of the revenue NCR Corporation broke down this way in fiscal 2025.

  1. Recurring revenue$1.7B1062%up 3% from 2024
  2. All other products and services$1.0B1038%down 15% from 2024
Products and services by year
Products and services202320242025
Recurring revenue$1.6B$1.6B$1.7B
All other products and services$1.6B$1.2B$1.0B

Business segments

Retail Segments brought in 69% of the revenue NCR Corporation broke down this way in fiscal 2025.

  1. Retail Segments$1.8B1069%down 6% from 2024
  2. Restaurants$818.0M1031%down 1% from 2024
Business segments by year
Business segments202320242025
Retail Segments$2.2B$2.0B$1.8B
Restaurants$886.0M$825.0M$818.0M

Regions

United States brought in 61% of the revenue NCR Corporation broke down this way in fiscal 2025.

  1. United States$1.6B1061%down 4% from 2024
  2. EMEA$587.0M1022%up 4% from 2024
  3. Asia Pacific$271.0M1010%down 12% from 2024
  4. Americas (Excluding United States)$188.0M107%down 21% from 2024
Regions by year
Regions202320242025
United States$2.1B$1.7B$1.6B
EMEA$531.0M$566.0M$587.0M
Asia Pacific$349.0M$307.0M$271.0M
Americas (Excluding United States)$230.0M$239.0M$188.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development6¢$155.0M
  • Selling, general and admin17¢$453.0M
  • Other costs70¢$1.9B
  • Interest2¢$60.0M
  • Income tax3¢$73.0M
  • Profit2¢$62.0M

Out of $2.7B in revenue.10

Financial statements

Revenue1112131410$2.7B in 2025−61% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $6.9B$6.9B20192020: $6.2B$6.2B2020−10%2021: $3.7B$3.7B2021−41%2022: $3.2B$3.2B2022−14%2023: $3.2B$3.2B2023−0%2024: $2.8B$2.8B2024−11%2025: $2.7B$2.7B2025−5%
Operating income1112131410$26.0M in 2025−96% since 2019
-$200.0M0$200.0M$400.0M$600.0M$800.0M2019: $611.0M$611.0M20192020: $221.0M$221.0M2020−64%2021: $26.0M$26.0M2021−88%2022: -$50.0M-$50.0M20222023: -$134.0M-$134.0M2023+168%2024: -$38.0M-$38.0M2024−72%2025: $26.0M$26.0M2025
Net income1112131410$62.0M in 2025−89% since 2019
-$500.0M0$500.0M$1.0B2019: $564.0M$564.0M20192020: -$79.0M-$79.0M20202021: $97.0M$97.0M20212022: $60.0M$60.0M2022−38%2023: -$428.0M-$428.0M20232024: $958.0M$958.0M20242025: $62.0M$62.0M2025−94%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Revenue by Segment$2.7B$2.8B$3.2B
Selling, general and administrative expenses$453.0M$458.0M$658.0M
Research and development expenses$155.0M$157.0M$139.0M
Total operating expenses$2.7B$2.9B$3.3B
Income (loss) from operations$26.0M-$38.0M-$134.0M
Gain (loss) on extinguishment of debt$0$8.0M-$46.0M
Interest expense-$60.0M-$134.0M-$294.0M
Other income (expense), net$3.0M-$33.0M-$75.0M
Income (loss) from continuing operations before income taxes-$31.0M-$197.0M-$549.0M
Income tax expense (benefit)-$73.0M$4.0M$184.0M
Income (loss) from continuing operations$42.0M-$201.0M-$733.0M
Income (loss) from discontinued operations, net of tax$20.0M$1.2B$305.0M
Net income (loss)$62.0M$957.0M-$428.0M
Net income (loss) attributable to noncontrolling interests$0-$1.0M$0
Net income (loss) attributable to NCR Voyix$62.0M$958.0M-$428.0M
Income (loss) from continuing operations$42.0M-$201.0M-$733.0M
Series A convertible preferred stock dividends-$20.0M-$15.0M-$16.0M
Income (loss) from continuing operations attributable to NCR Voyix$22.0M-$216.0M-$749.0M
Income (loss) from discontinued operations, net of tax$20.0M$1.2B$305.0M
Total reclassifications, net of tax$42.0M$943.0M-$444.0M
Basic (in dollars per share)$0-$1-$5
Diluted (in dollars per share)$0-$1-$5
Basic (in dollars per share)$0.30$6.52-$3.16
Diluted (in dollars per share)$0.30$6.52-$3.16
Basic (in shares)138.6M shares144.7M shares140.6M shares
Diluted (net income)141.1M shares144.7M shares140.6M shares

Compare NCR Corporation with another company

Corporate structure

NCR Corporation sits at the top of its group. 78 entities, 36 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NCR Corporation

  • NCR Corporation Germantown, Maryland, United States
    • Digital Insight Subsidiary · Redwood City
    • Retalix Subsidiary · Ra'anana
    • CATM HOLDINGS LLC Subsidiary · Dover, Delaware, United States
    • Digital First Holdings II LLC Subsidiary · Delaware, United States
    • Donald Ryan & Associates Systems Consultants, Inc. Subsidiary · California, United States
    • Freshop, Inc. Subsidiary · Delaware, United States
    • Kalamazoo River Areas 2,3 And 4 Remediation LLC Subsidiary · Delaware, United States
    • Lower Fox River Remediation LLC Subsidiary · Delaware, United States
    • Moon Holdings S.P.V. Ltd. Subsidiary · Israel
    • NCR (NZ) Corporation Subsidiary · New Zealand
    • NCR Asia Pacific Pte. Ltd. Subsidiary · Singapore
    • NCR Atleos Subsidiary · United States
    • NCR Australia Pty Limited Subsidiary · Australia
    • NCR Canada Corp. Subsidiary · Canada
    • NCR Canada Receivables GP Corp. Subsidiary · Canada
    • NCR Canada Receivables LP Subsidiary · Canada
    • NCR Charity Corporation Subsidiary · Georgia, United States
    • NCR Commerce Argentina Srl Subsidiary · Argentina
    • NCR Commerce Chile Comercial Limitada Subsidiary · Chile
    • NCR Commerce Corporation Ceska Republika, spol. s.r.o. Subsidiary · Czechia
    • NCR Commerce Del Peru S.A.C. Subsidiary · Peru
    • NCR Commerce France SAS Subsidiary · France
    • NCR Commerce Germany GmbH Subsidiary · Germany
    • NCR Commerce Italia S.R.L. Subsidiary · Italy
    • NCR Commerce Japan Ltd Subsidiary · Japan
    • and 53 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NCR Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$174.0M10 Dec 31, 2025$192.0M10 Dec 31, 2024−9.4%
Finance-lease assets$100.0M10 Dec 31, 2025$81.0M10 Dec 31, 2024+23.5%
Operating-lease assets (leased space)$208.0M10 Dec 31, 2025$229.0M10 Dec 31, 2024−9.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$231.0M10 Dec 31, 2025$722.0M10 Dec 31, 2024−68.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.5B10 Dec 31, 2025$1.5B10 Dec 31, 2024+0.3%
Intangible assets, net (excluding goodwill)$83.0M10 Dec 31, 2025$94.0M10 Dec 31, 2024−11.7%
Finite-lived intangibles, gross$745.0M10 Dec 31, 2025$731.0M10 Dec 31, 2024+1.9%
Accumulated amortization$662.0M10 Dec 31, 2025$637.0M10 Dec 31, 2024+3.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$217.0M10 Dec 31, 2025$208.0M10 Dec 31, 2024+4.3%
Finished goods$83.0M10 Dec 31, 2025$83.0M10 Dec 31, 20240%

Properties, in its own words

As of December 31, 2025, NCR Voyix operated approximately 90 facilities in nearly 30 countries. All but one of these facilities are leased. The Company operates 2 research and development facilities while the remaining facilities consist of office, repair, and warehousing space and other miscellaneous sites.

NCR Voyix is headquartered in Atlanta, Georgia, USA. Our address at our corporate headquarters is 864 Spring Street Northwest, Atlanta Georgia, 30308, USA.

Item 2 of the 10-K filed Feb 26, 2026.19

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by John Henry Patterson in 1884, in Dayton.1

Early years

The company began as the National Manufacturing Company of Dayton, Ohio, and was established to manufacture and sell the first mechanical cash register invented in 1879 by James Ritty. In 1884, the company and patents were bought by John Henry Patterson and his brother Frank Jefferson Patterson, and the firm was renamed the National Cash Register Company. Patterson formed NCR into one of the first modern American companies by introducing new, aggressive sales methods and business techniques. He established the first sales training school in 1893 and introduced a comprehensive social welfare program for his factory workers.

In 1899, National Cash Register Company bought patents for improving cash register technology from the dissolving Rochester Cash Register Company, for which trucking executive George F. Roth had been an investor and board member.

Other significant figures in the early history of the company were Thomas J. Watson, Sr., Charles F. Kettering and Edward A. Deeds.

Watson—later fired by Patterson in 1914—eventually worked his way up to general sales manager. At an uninspiring sales meeting, Watson interrupted, saying "The trouble with every one of us is that we don't think enough. We don't get paid for working with our feet — we get paid for working with our heads". Watson then wrote THINK on the easel. Signs with this motto were later erected in NCR factory buildings, sales offices and club rooms during the mid-1890s. "THINK" later became a widely known symbol of IBM, which was created by Watson after he joined the Computing-Tabulating-Recording Company (CTR).

Kettering designed the first cash register powered by an electric motor in 1906. Within a few years he developed the Class 1000 register which was in production for 40 years, and the O.K. Telephone Credit Authorization system for verifying credit in department stores.

Deeds and Kettering went on to found Dayton Engineering Laboratories Company which later became the Delco Electronics Division of General Motors.

In 1913, the company's market share was dominant and it was successfully prosecuted under the Sherman Antitrust Act of 1890. The ruling was appealed and executives avoided at least some of the court's strictures.

American Selling Force

When John H. Patterson and his brother took over the company, cash registers were expensive (US$50) and only about a dozen of "Ritty's Incorruptible Cashier" machines were in use. There was little demand for the expensive device, but Patterson believed the product would sell once shopkeepers understood it would drastically decrease theft by salesclerks. He created a sales team known as the "American Selling Force" which worked on commissions and followed a standard sales script, the "N.C.R. Primer." This was the first known sales training manual in existence. The philosophy was to sell a business function rather than just a piece of machinery. Sales demonstrations were set up in hotels (away from the distractions of the buyer's business) depicting a store interior complete with real merchandise and real cash. The sale prospect was described as the "P.P." or "Probable Purchaser." Once initial objections were swept aside and the P.P. admitted to internal theft losses, the product was demonstrated along with large business charts and diagrams. The deal was sealed with a 25 cent cigar.

Read the full text

Patterson also invented the formal sales training academy, a summer event first set up in canvas tents and called "Sugar Camp." The first known form of direct mail advertising also came courtesy of Patterson, who sent mail pieces to a predetermined list of addresses about his products. Patterson's "Get a Receipt" campaign was one of the world's first advertising campaigns.

Welfare work

NCR undertook extensive welfare work and was referred to as "America's model factory." Some historians have referred to company owner John Patterson as the "father of industrial welfare." The company had its own welfare department and is considered a pioneer in America for this work.

Some of the company's welfare initiatives include safety devices, drinking fountains, baths, lockers, chairs and back support for machine operators, indoor bathrooms and a ventilation system to provide clean air. There were special provisions for female employees including restrooms, shorter work hours, high-back chairs, a women's dining room, and lessons in domestic science. In 1893, NCR constructed the first "daylight factory" buildings with floor-to-ceiling glass windows that let in light and could be opened to let in fresh air as well.

Expansion

NCR expanded quickly and became multi-national in 1888. Between 1893 and 1906 it acquired a number of smaller cash register companies.

By 1911 it had sold one million machines and had grown to almost 6,000 employees. Combined with rigorous legal attacks, Patterson's methods enabled the company to fight off bankruptcy, buy-out over 80 of its early competitors, and achieve control of 95% of the U.S. market.

In 1912 the company was found guilty of violating the Sherman Antitrust Act. Patterson, Deeds, Watson and 25 other NCR executives and managers were convicted of illegal anti-competitive sales practices and were sentenced to one year of imprisonment. Their convictions were unpopular with the public due to the efforts of Patterson and Watson to help those affected by the Dayton, Ohio, floods of 1913, but efforts to have them pardoned by President Woodrow Wilson were unsuccessful. However, their convictions were overturned on appeal in 1915 on the grounds that important defense evidence should have been admitted.

In 1918, the company signed a contract with the US Army to produce 100,000 M1911 pistols for use in World War I. The contract was canceled a few months later after the war ended, with no pistols having been delivered.

Two million cash register units were sold by 1922, the year John Patterson died. In January, 1926, NCR went public with an issue of $55 million in stock, at that time the largest public offering in United States history. During the first World War, NCR manufactured fuses and aircraft instrumentation, and during World War II built aero-engines, bomb sights and code-breaking machines, including the American bombe designed by Joseph Desch.

US Navy Bombe, code breaking machine

The US Navy Bombe was built by NCR for the United States Naval Computing Machine Laboratory to decrypt the Enigma machine that encrypted German military messages.

The NCR-made American bombes (decryption machines) were faster, and soon more available, than the British bombes at Bletchley Park and its outstations.

The American bombe was essentially the same as the English bombe, though it functioned better (six times faster) as they were not handicapped by having to make it, as Keen was forced to do owing to production difficulties, on the framework of a three-wheel machine. By late autumn 1943, new American machines were coming into action at the rate of about two a week, the ultimate total being in the region of 125.

Post-war

Building on its wartime experience with secret communication systems, high speed counters and cryptanalytic equipment, NCR became a major post-war force in developing new computing and communications technology.

In 1953, chemists Barrett K. Green and Lowell Schleicher of NCR in Dayton submitted a patent "Pressure responsive record materials" for a carbon-less copy paper. This became US Patent 2,730,457 and was commercialized as "NCR Paper."

In February 1953, the company acquired the Computer Research Corporation (CRC), after which it created a specialized electronics division. In 1956, NCR introduced its first electronic device, the Class 29 Post-Tronic, a bank machine using magnetic stripe technology. With the General Electric Company (now known as GE), the company manufactured its first transistor-based computer in 1957, the NCR 304. Also in the 1950s NCR introduced MICR (magnetic ink character recognition) and the NCR 3100 accounting machines.

In 1962, NCR introduced the NCR 315 Electronic Data Processing System which included the CRAM storage device, the first automated mass storage alternative to magnetic tape libraries accessed manually by computer operators. The NCR 390 and 500 computers were also offered to customers who did not need the full power of the 315. The NCR 390 accepted four types of input: magnetic ledger cards, punched cards, punched tape, and keyboard entry, with a tape read speed of 400 characters a second.

The company's first all-integrated circuit computer was the Century 100 of 1968. The Century 200 was added in 1970. The line was extended through the Century 300 in 1973. The Century series was followed by the Criterion series in 1976, NCR's first virtual machine system.

During this period, NCR also produced the 605 minicomputer for in-house use. It was the compute engine for the 399 and 499 accounting machines, several generations of in-store and in-bank controllers, and the 82xx/90xx IMOS COBOL systems. The 605 also powered peripheral controllers, including the 658 disk subsystem and the 721 communications processor.

In 1974, scanners and computers developed by NCR marked the first occasion where items with the Universal Product Code (UPC) was scanned at the checkout of a supermarket, Troy's Marsh Supermarket in Troy, Ohio, a few miles away from NCR's Dayton Headquarters. It was treated as a ceremonial occasion and involved a little bit of ritual. The night before, a team of Marsh's supermarket staff had moved in to put bar codes on hundreds of items in the store while NCR installed their scanners and computers.

In 1982, NCR's Peripheral Products Division in Wichita, Kansas, together with peripheral manufacturer, Shugart Associates, helped propel the computer industry into a new era of intelligent standardized peripheral communications with the development the Small Computer System Interface (SCSI). The SCSI standard enabled such diverse devices as disks, tapes, printers, and scanners to share a common interface to one or more computer systems in a way that was never before possible and a model for subsequent interfaces to follow. NCR developed the world's first SCSI interface chip, the NCR 5380, based on the SCSI interface standard collaboratively developed. In the third quarter of 1982, NCR announced the release of a 32-bit VLSI processor architecture and chipset called NCR/32. These devices were used in several of their 9x00 and System 10000 computer systems.

By 1986, the count of American mainframe computer manufacturers had dwindled from 8 (IBM and the "seven dwarfs," namely Burroughs, UNIVAC, NCR, Control Data, Honeywell, General Electric, and RCA) to 6 (IBM and the "BUNCH") and further reduced to 4 (IBM, Unisys, NCR, and Control Data Corporation).

The adoption of the name NCR Corporation occurred in 1974.

Small computers

In 1982, NCR became involved in open systems architecture. Its first such system was the UNIX-powered TOWER 16/32, the success of which (approximately 100,000 were sold) established NCR as a pioneer in bringing industry standards and open systems architecture to the computer market. These 5000-series systems were based on Motorola 68k CPUs and supported NCR's proprietary transaction processing system TMX, which was mainly used by financial institutions. This product line also saw the first time NCR had offered its products through other than its own direct sales channels since the early 1900s. Formally added to its company structure in March 1981, NCR's OEM System's Division spearheaded the design, sales revenue and market awareness and acceptance of NCR's Tower family. Part of the cause of this success was the decision by NCR senior management to hire reseller industry veterans for key positions within the fledgling operation and have that unit work with, but not answerable to, NCR's traditional management structure. The industry shift from proprietary minicomputers brought personnel with minicomputer and reseller backgrounds such as division heads Roger Nielsen (ex-Data General), Robert Hahn (ex-Data General), and Dan Kiegler (ex-Datapoint marketing), marketing manager and later Director of Field Sales, Dave Lang (ex-DEC reseller marketing director and salesperson) and other critical contributors at corporate levels; who then hired a complementary field sales organization primarily made up of proven people from DEC, Wang and other faltering minicomputer firms.

In the 1980s, NCR sold various PC compatible AT-class computers, like the small NCR-3390 (called an "intelligent terminal"). They proposed a customized version of MS-DOS named NCR-DOS, which for example offered support for switching the CPU between 6, 8 or 10 MHz speeds. The computers featured an improved CGA adapter, the NGA, which had a 640×400 text mode more suitable for business uses than the original 640×200 mode, with characters drawn using single-pixel-wide lines, giving an appearance similar to that of classic IBM 3270 terminals. The additional four-color 640×400 graphical mode was identical to CGA's 320×200 mode from a programming point of view.

NCR also manufactured two proprietary series of mini-to-midrange computers:

I-Series: 9010 (IDPS Operating System), 9020 and 9100 (IMOS Operating System), 9040 and 9050 (IRX Operating System), 9200 / 9300 / 9300IP / 9400 / 9400IP / 9500 / System 10000 models 35 / 55 / 65 / 75 (ITX Operating System). These were "I" (Interactive) computers allowing TTY terminals to be connected. Later models supported all industry-standard communication protocols.

V-Series: 8500 (VRX Operating System) and 9800 (VRX/E Operating System). These were "V" series, comparable to mainframes, supporting "Page mode" terminals. The hardware did have similarities with the I-Series while the operating system and user interface was totally different.

In 1990, NCR introduced the System 3000, a seven-level family of computers based on Intel's 386 and 486 CPUs. The majority of the System 3000 range utilised IBM's Micro Channel architecture rather than the more prevalent ISA architecture, and utilised SCSI peripherals as well as the more popular parallel and serial port interfaces, resulting in a premium product with premium pricing. The 3600, through NCR subsidiary Applied Digital Data Systems supported both the Pick Operating System and Prime Information.

The 1970s saw the widespread installations of the Model 770 in National Westminster and Barclays banks throughout the UK, but it was not until the Model 5070, developed at its Dundee plant in Scotland and introduced in 1983 that the company began to make more serious inroads into the ATM market. Subsequent models included the 5084, and 58xx (Personas) series. In early 2008, the company launched its new generation of ATMs—the 662x/663x SelfServ series. NCR currently commands over a third of the entire ATM market, with an estimated $18 trillion being withdrawn from NCR ATMs every year. In addition, NCR's expertise in this field led the company to contract with the U.S. military to support the Eagle Cash program with customized ATMs.

NCR 5xxx series

The NCR 5xxx-series is the range of (ATMs) produced by NCR from the early 1980s. Most models were designed and initially manufactured at its Dundee factory in Scotland, but later produced at several other locations around the world.

There have been several distinct generations:

50xx-series; The initial models introduced in 1983 were the 5070 (interior vestibule) and 5080 (Through The Wall or TTW) introduced a number of features which have become standard among ATMs. Most notably, the individual functions of the ATM are divided among discrete modules which can be easily removed and replaced for repair or replenishment. The 5080 featured the standard anti-vandal smoked perspex screen which covered the keypad and screen until the cardholder inserted their card. The enhanced 5084 TTW model appeared in 1987, and had an improved anti-vandal fascia and was the first ATM to dispense with the need for the retracting perspex screen. The 5085 offered the first crude deposit function; with the machine supplying the deposit envelopes which were subsequently stored in the machine's safe for subsequent back office processing.

56xx-series; produced from 1991 to 1997. Enhanced functions such as color displays and improved security and usability functions became available. The introduction of Media Entry Indicators (MEI) which highlight the card entry slot to the customer was also a part of this series. Some 56xx machines produced between 1994 and 1996 were badged as "AT&T" rather than "NCR", mirroring the company's brief ownership under the telecoms giant in the mid-1990s. 56xx models have included the 5670 (interior lobby cash dispense only), 5675 (interior lobby multifunction—dispense & deposit), 5684 (exterior TTW dispense only), 5688 (exterior TTW drive-up multifunction) and 5685 (exterior TTW multifunction).

58xx-series marketed as Personas from 1998 until 2008. These models were characterised by the gradual move towards greater ATM functionality including intelligent, envelopeless deposit by means of automated check recognition modules, coin dispense, and electronic cash recognition functions which allows bank customers to deposit cash and checks with instant processing of the transaction. The 58xx series has also been characterised by the gradual introduction of liquid-crystal displays (LCDs) instead of the traditional CRT monitor. Models have included the 5870 (compact interior lobby dispense only), 5873 (interior lobby with cash accept & deposit only), 5874 (Exterior TTW cash dispense), 5875 (Multifunction TTW). The latest TTW versions of the Personas line, introduced in 2000 and marketed as M-Series added functions such as cash recycling, coin dispense, barcode reading, a larger 12" LCD with touchscreen option, and for the first time, a common wall footprint for both the Multifunction (5886) or single function (5887). Owing to the growth of drive-through bank traffic, a custom 5890 drive-up ATM was also released, designed to be installed outside with no need for a bunker. This unit had a dual safe design that could house both a currency dispenser and note acceptor in the larger left-hand safe, and a cheque acceptor or envelope depositor in the smaller right-hand safe.

NCR 66XX series

NCR's 6th generation of ATMs have been noted for the further move towards intelligent deposit and the expansion of secondary functions such as barcode reading.

667x-series marketed under the Personas M-Series brand were sold from 2005 to 2010. These models consist of the 6676 (interior lobby multifunction) and 6674 (through-the-wall multifunction). The design language is very different from the original Personas model; for example, on the front-access 6676s, the entire front cover is opened upwards in a clamshell design, which was designed to save space both for installation and servicing.

NCR Self-Serv 20 and 30 series

NCR's latest ATM services, introduced in 2008.

This series is a complete redesign of both outlook and technological contents. It is also a cost down product.

Self-Serv 20 series are single-function (e.g. cash-out) ATMs, while Self-Serv 30 series are full-function (cash-out and intelligent deposit) machines.

NCR Atleos 668x / 20xx machines

Starting in 2015, the SelfServ series was updated with new design language (called MFR or Multi-Function Refresh), modernizing the look of the product line. This corresponded with a change in class numbers, from the 20/30 series to the 80 Series (6681 kiosk model, 6682 lobby model, 6684 through-the-wall model, and 6688 island / drive-through model).

Next-generation dispensers, depositors, high-resolution display panels and anti-skimming technology are all standard with the MFR units.

From Wikipedia’s article on NCR Voyix, shared under CC BY-SA 4.0.7

Leadership

Who has led NCR Corporation, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (85)

Products and brands

  • automated teller machine

Listed on Wikidata.1

NCR's R&D activity is split between its three major centers in Atlanta (retail); Dundee, Scotland (financial industry); and Waterloo, Ontario. It also has R&D centers in Beijing; Cebu, Philippines; Belgrade, Serbia; Banja Luka, Bosnia and Herzegovina and Puducherry Chengalpattu and Hyderabad, India. NCR also has manufacturing facilities in Beijing, Budapest, and the Indian territory of Puducherry and Chengalpattu which is a regional manufacturing and export hub.

Hardware

Item Processing platforms (mainly checks) (7780, iTRAN 8000, iTRAN 300e, iTRAN 180e, iTRAN 300es, iTRAN 180es, TS)

PCs (System 3000)

Point of Sale (POS) for retail and food service

Read the full text

POS Displays

POS Printers

POS Touch Screens

POS Terminals

NCR Silver, complete point-of-sale that runs on iPad, iPhone or iPod touch device

POS Self-Checkout (NCR SelfServ Checkout, formerly NCR FastLane)

POS Scanners

Self-service hardware, ATMs and kiosks (EasyPoint, Personas, SelfServ)

Servers (S1600, S2600, System 5000, Tower)

Petroleum POS Optic 12, Optic 5

Services

E-business

Education

IT infrastructure services

Managed services

Payment

Retail

Self-service

NCR Self-Service

NCR's Self-Service subsidiary develops self-service software and hardware travel technology. Solutions for hardware include the TouchPort II C for airline check-in and ResortPort for hospitality self-service. Common Use Self-Service technology simplifies the check-in process by allowing passengers one common point of access for check-in. NCR Self-Service, LLC, was founded as Kinetics in Lake Mary, Florida. NCR acquired the company in 2004.

Obsolete

Class 1000 register

Class 2000 bank posting machine (c. 1922–1973)

NCR 2170 Retail System point of sale terminal and software

NCR Voyager, an i386 SMP computer platform that preceded Intel's SMP specification

Electronic shelf labels (RealPrice – discontinued 2008)

EasyPoint Mini, a touchscreen device originated by Copient Technologies

Class 50xx, 56xx (4th generation), and 58xx/667x (5th generation) series ATM's

From Wikipedia’s article on NCR Voyix, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

Also owns

Subsidiaries (Exhibit 21)

  • Digital First Holdings II LLC Delaware8
  • Donald Ryan & Associates Systems Consultants, Inc. California8
  • Freshop, Inc. Delaware8
  • Kalamazoo River Areas 2,3 And 4 Remediation LLC Delaware8
  • Lower Fox River Remediation LLC Delaware8
  • Moon Holdings S.P.V. Ltd. Israel8
  • NCR (NZ) Corporation New Zealand8
  • NCR Asia Pacific Pte. Ltd. Singapore8
  • NCR Australia Pty Limited Australia8
  • NCR Canada Corp. Canada8
  • NCR Canada Receivables GP Corp. Canada8
  • NCR Canada Receivables LP Canada8
  • NCR Charity Corporation Georgia8
  • NCR Commerce Argentina Srl Argentina8
  • NCR Commerce Chile Comercial Limitada Chile8
  • NCR Commerce Corporation Ceska Republika, spol. s.r.o. Czech Republic8
  • NCR Commerce Del Peru S.A.C. Peru8
  • NCR Commerce France SAS France8
  • NCR Commerce Germany GmbH Germany8
  • NCR Commerce Italia S.R.L. Italy8
  • NCR Commerce Japan Ltd Japan8
  • NCR Commerce Philippines Inc. Philippines8
  • NCR Commerce US LLC Delaware8
  • NCR Corporation de Centroamerica S.A. Panama8
All 75 listed subsidiaries
  • NCR Danmark A/S Denmark8
  • NCR Easypoint LLC Delaware8
  • NCR Espana, S.L. Spain8
  • NCR European And South American Holdings LLC Delaware8
  • NCR Finland Oy Finland8
  • NCR Global Ltd. Israel8
  • NCR Government Systems LLC Delaware8
  • NCR Hospitality Bahrain WLL Bahrain8
  • NCR International, Inc. Delaware8
  • NCR Israel Ltd Israel8
  • NCR Korea Co., Ltd. Korea, Republic of8
  • NCR Limited England8
  • NCR Middle East Holdings, LLC Delaware8
  • NCR Nederland B.V. Netherlands8
  • NCR Norge AS Norway8
  • NCR Payment Solutions Corporation Delaware8
  • NCR Payment Solutions, FL, LLC Delaware8
  • NCR Payment Solutions, LLC Texas8
  • NCR Payment Solutions, PA, LLC Pennsylvania8
  • NCR Payroll & HR Solutions, Inc. Pennsylvania8
  • NCR Poland LLC Delaware8
  • NCR Polska sp. z o.o. Poland8
  • NCR Receivables LLC Delaware8
  • NCR VOYIX CORPORATION (Parent) Maryland8
  • NCR Voyix Belgium BV Belgium8
  • NCR Voyix Jordan Jordan8
  • NCR Voyix Netherlands B.V. Netherlands8
  • NCR d.o.o, Banja Luka Bosnia and Herzegovina8
  • NCR d.o.o. Beograd Serbia8
  • NCR de Mexico, S. de R.L. de C.V. Mexico8
  • North American Research Corporation Delaware8
  • Payroll Tax Filing Services, Inc. Pennsylvania8
  • RADS International, S.Á.R.L. Luxembourg8
  • Radiant Payment Services, LLC Georgia8
  • Radiant Systems GmbH Austria8
  • Radiant Systems Retail Solutions Sdn. Bhd. Malaysia8
  • Retalix Australia Pty Ltd Australia8
  • StopLift Infotech Private Limited India8
  • Stoplift, LLC Delaware8
  • TCR Business Systems, Inc. Texas8
  • Tamar M.R. Electronic Industries (1985) Limited Israel8
  • Terafina Commerce India Private Limited India8
  • Terafina Software Solutions Private Limited India8
  • Terafina, Inc. Delaware8
  • Texas Digital Systems, Inc. Texas8
  • The NCR Foundation Ohio8
  • The National Cash Register Company Maryland8
  • Wyse Sistemas De Informática Ltda Brazil8
  • Zynstra Holdings, Inc. Delaware8
  • Zynstra Limited England and Wales8
  • Zynstra, Inc. Delaware8

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Employees over time

  • 200921,5001

Former names

  • NCR CORPSep 26, 1996 to Oct 18, 20236

Timeline

  1. Aug 5, 20268-K Completed an acquisition or sale; Regulation FD disclosure119
  2. Jun 8, 20268-K Executive or director change; Shareholder vote120
  3. May 7, 20268-K Results of operations; Regulation FD disclosure121
  4. Feb 26, 20268-K Results of operations; Regulation FD disclosure122
  5. Nov 6, 20258-K Results of operations; Regulation FD disclosure123
  6. Sep 9, 20258-K Executive or director change124
  7. Aug 7, 20258-K Results of operations; Regulation FD disclosure125
  8. Jun 10, 20258-K Shareholder vote126
  9. May 8, 20258-K Results of operations; Regulation FD disclosure127
  10. Mar 17, 2025New chief executive James G. Kelly becomes CEO20
  11. Feb 27, 20258-K Executive or director change128
  12. Feb 27, 20258-K Results of operations; Regulation FD disclosure129
  13. Feb 11, 20258-K Executive or director change; Other events130
  14. Oct 25, 2023New chief executive David O. Wilkinson becomes CEO21
  15. May 2, 2018New chief executive Michael D. Hayford becomes CEO22
  16. Aug 10, 2005New chief executive William Nuti becomes CEO24
  17. Apr 4, 2005New chief executive James M. Ringler becomes CEO23
  18. Aug 6, 2003New chief executive Mark Hurd V. becomes CEO25
  19. 1884Founded Founded in Dayton1

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.27 a share, on Nov 6, 2025.131

When it reported results

  1. May 7, 2026Reported quarterly or annual results121
  2. Feb 26, 2026Reported quarterly or annual results122
  3. Nov 6, 2025Reported quarterly or annual results123
  4. Aug 7, 2025Reported quarterly or annual results125
  5. May 8, 2025Reported quarterly or annual results127
  6. Feb 27, 2025Reported quarterly or annual results129
  7. Nov 7, 2024Reported quarterly or annual results132
  8. Aug 6, 2024Reported quarterly or annual results133

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

368 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 69 major events, 210 insider forms, 29 large holders, 1 private raises, 39 other. The latest 20:

  1. Sep 2, 20264 EDGAR
  2. Sep 2, 2026SCHEDULE 13G/A EDGAR
  3. Aug 14, 20264 EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 13, 2026144 EDGAR
  6. Aug 12, 20264 EDGAR
  7. Aug 10, 20263 EDGAR
  8. Aug 5, 202610-Q EDGAR
  9. Aug 5, 20268-K EDGAR
  10. Aug 4, 20264 EDGAR
  11. Jun 8, 20268-K EDGAR
  12. Jun 4, 20264 EDGAR
  13. Jun 4, 20264 EDGAR
  14. Jun 4, 20264 EDGAR
  15. Jun 4, 20264 EDGAR
  16. Jun 4, 20264 EDGAR
  17. Jun 4, 20264 EDGAR
  18. Jun 4, 20264 EDGAR
  19. Jun 3, 2026S-8 EDGAR
  20. May 21, 2026SD EDGAR

The 368 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 13 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 13, 2026Tadele BeimnetEVP & President, RestaurantsSale12,750$8.20$104.6KForm 4
May 16, 2025KELLY JAMES GPresident & CEOBuy22,603$10.99$248.4KForm 4
May 13, 2025SEN LAURADirectorBuy22,550$11.04$249.0KForm 4
Aug 29, 2024Tadele BeimnetEVP & President, RestaurantsBuy3,648$13.71$50.0KForm 4
Aug 27, 2024KELLY JAMES GPresident & CEOBuy14,800$13.41$198.5KForm 4
Aug 13, 2024Schoch EricEVP & President, RetailBuy21,692$12.19$264.4KForm 4
Aug 9, 2024Wilkinson David O.Chief Executive OfficerBuy10,000$11.05$110.5KForm 4
Aug 8, 2024Webb-Walsh Brian J.EVP & CFOBuy10,000$11.51$115.1KForm 4
Dec 1, 2023Reddy Kevin MichaelDirectorBuy6,250$16.05$100.3KForm 4
Nov 17, 2023KELLY JAMES GPresident & CEOBuy64,200$15.50$995.1KForm 4
Nov 11, 2022Welling Glenn W.DirectorBuy255,309$22.96$5.9MForm 4
Nov 10, 2022Welling Glenn W.DirectorBuy287,808$22.02$6.3MForm 4
Nov 9, 2022Reece Joseph EDirectorBuy5,000$20.82$104.1KForm 4
Nov 9, 2022Welling Glenn W.DirectorBuy256,883$20.64$5.3MForm 4
Oct 28, 2022Button AdrianEVP, Product and Service OpsSale13,000$20.38$264.9KForm 4
Feb 18, 2022Button AdrianEVP, Product and Service OpsSale21,712$42.21$916.5KForm 4
Nov 1, 2021Campbell Daniel WilliamExecutive VP, Global SalesSale11,988$41.58$498.5KForm 4
Oct 29, 2021Button AdrianEVP, Product and Service OpsSale23,724$39.54$938.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025James G. KellyPresident and Chief Executive Officer (Former Executive Chair)64$681.5K$6.4M141
2025David WilkinsonFormer Chief Executive Officer$98.5K$4.3M141
2025Brian Webb-WalshExecutive Vice President and Chief Financial Officer50$550.0K$2.8M141
2025Darren WilsonExecutive Vice President and President, Retail and Payments58$584.8K$2.1M141
2025Eric SchochFormer Executive Vice President and President, Retail$192.3K$1.7M141
2025Kelli SterrettExecutive Vice President, General Counsel & Secretary46$500.0K$1.7M141
2025Benny TadeleExecutive Vice President and President, Restaurants$485.8K$1.7M141
2024David WilkinsonFormer Chief Executive Officer$800.0K$10.0M141
2024Brian Webb-WalshExecutive Vice President and Chief Financial Officer50$550.0K$4.4M141
2024James G. KellyPresident and Chief Executive Officer (Former Executive Chair)64$344.8K$4.2M141
2024Kelli SterrettExecutive Vice President, General Counsel & Secretary46$500.0K$3.7M141
2024Eric SchochFormer Executive Vice President and President, Retail$500.0K$3.7M141
2023Brian Webb-WalshExecutive Vice President and Chief Financial Officer50$236.9K$3.6M141
2023Eric SchochFormer Executive Vice President and President, Retail$504.3K$2.0M141
2023David WilkinsonFormer Chief Executive Officer$560.6K$1.9M141
2023Kelli SterrettExecutive Vice President, General Counsel & Secretary46$200.0K$847.7K141

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$73.7M 2022–2022
Money received by yearMoney received by year, 2022–2022: $73.7M in all. Private raises (Form D) $73.7M.$0$20M$40M$60M$80M2022 · Private raises (Form D): $73.7M2022
Figures by year
YearPrivate raises (Form D)Total
2022$73.7M$73.7M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jan 5, 2022Raised $73.7 million in a private offering of equity142 Form D: 11 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.22,559,376$184.3M0.0%+548,907
Greenhouse Funds LLLP19,897,615$162.6M8.6%+185,201
Shapiro Capital Management LLC10,834,553$88.5M5.4%+508,793
Vanguard Portfolio Management LLC10,808,473$88.3M0.0%+212,438
Neuberger Berman Group LLC6,223,329$50.8M0.0%+2,898,101
Vanguard Capital Management LLC6,210,604$50.7M0.0%−6,991
Fuller & Thaler Asset Management, Inc.6,173,732$50.4M0.1%−289,762
State Street Corp6,079,117$49.7M0.0%+330,234
Dimensional Fund Advisors LP6,017,676$49.2M0.0%−252,303
First Pacific Advisors, LP5,413,012$44.2M0.6%+7,930
Brown Advisory Inc4,522,976$37.0M0.1%+1,222,777
Private Management Group Inc4,329,342$35.4M0.9%+541,625
Masters Capital Management LLC4,000,000$32.7M4.6%+500,000
Geode Capital Management, LLC3,596,982$29.4M0.0%+247,660
Wellington Management Group Llp3,301,936$27.0M0.0%+1,384,935
Boston Partners3,273,670$26.7M0.0%−186,070
Clearline Capital LP2,756,544$22.5M1.5%+345,830
Walleye Capital LLC25,824$21.0M0.1%New
Charles Schwab Investment Management Inc2,402,726$19.6M0.0%+93,880
Morgan Stanley1,954,630$16.0M0.0%+538,285
Northern Trust Corp1,886,924$15.4M0.0%+429,729
Invesco Ltd.1,231,139$10.1M0.0%+60,745
Millennium Management LLC1,090,323$8.9M0.0%+331,707
Goldman Sachs Group Inc1,054,767$8.6M0.0%−708,383
Bank Of America Corp /de/1,041,576$8.5M0.0%−29,665

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How NCR Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNCR Voyix Corp2
  • CIK0000070866
  • Employer ID (EIN)31-038792019
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inMaryland19
  • Fiscal year endsDecember 312
  • Industry code (SIC)3578 Calculating & Accounting Machines (No Electronic Computers)2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address864 Spring St Nw, Atlanta, GA 303082
  • Phone91782198172
  • Shares outstanding138,069,898 as of Jul 29, 202617
  • Public float$1.6B as of Jun 30, 202519
  • AuditorPricewaterhouseCoopers LLP, Atlanta, Georgia PCAOB ID 238; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceSep 26, 19962
  • Filings2,424 in all: 4 (1,299), 8-K (400), SC 13G/A (93), 10-Q (89), 3 (84), DEFA14A (47), CORRESP (40), UPLOAD (39)2
    All 50 form types

    SC 13G (33), DEF 14A (30), 10-K (29), 4/A (26), 11-K (18), ARS (18), 8-K/A (17), IRANNOTICE (16), S-8 (16), SC TO-C (14), SD (13), SCHEDULE 13G/A (11), 424B3 (6), PRE 14A (6), S-4/A (6), SC 13D/A (6), SC TO-T/A (6), NO ACT (5), S-4 (5), SC 13D (5), SC TO-I/A (5), SCHEDULE 13G (5), CT ORDER (4), EFFECT (4), 10-12B/A (3), 10-K/A (3), 144 (3), S-8 POS (3), NT 10-K (2), S-3ASR (2), SC TO-T (2), 10-12B (1), 10-K405 (1), 10-Q/A (1), 424B4 (1), 424B5 (1), 424B7 (1), D (1), DFAN14A (1), NT 10-Q (1), PX14A6G (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 21, 2026
    Latest 8-K (8-K) Aug 5, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareVYXNew York Stock Exchange

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks NCR Corporation names in Item 1A of its 10-K filed Feb 26, 2026: 38 risks under these headings, as written.19

  • Risks Associated with our Strategy
  • Risks Associated with the Spin-Off of NCR Atleos
  • Risks Related to Cybersecurity, Data Privacy and Intellectual Property
  • Risks Associated with our Business & Operations
  • Risks Associated with our Finance & Accounting
  • Risks Associated with our Governance
  • RISKS ASSOCIATED WITH OUR STRATEGY
  • If we are unable to achieve the successful adoption of our cloud platform and modernized SaaS solutions, then our revenue, financial condition and results of operations could be negatively impacted.
  • If we do not successfully develop and enhance capabilities that differentiate the solutions and services we offer and keep pace with technological advancements, then our business, financial condition and operating results may be harmed.
  • If we fail to maintain consistent, high-quality customer service and support or if we fail to meet our service obligations or manage our reputation, our brand, business and financial results may be harmed.
  • We may not achieve some or all of the expected benefits of our cost reduction initiatives and our operating results could be adversely affected.
  • Our growth depends in part on the success of our strategic relationships with third parties and our ability to integrate with third-party applications and software.
The other 33 risks
  • We may be unable to realize the anticipated benefits of past and future acquisitions, divestitures and other strategic transactions, which might have a materially negative impact on our business, financial condition or results of operations.
  • We may not realize the anticipated cost savings or other benefits related to the transition of our Hardware Business to an outsourced design and manufacturing (ODM) model on a timely basis or at all.
  • RISKS ASSOCIATED WITH THE SPIN-OFF OF NCR ATLEOS
  • If the Spin-Off fails to qualify for tax-free treatment, it could result in substantial tax liability for us and our stockholders.
  • Potential indemnification obligations to NCR Atleos or a refusal of NCR Atleos to indemnify us pursuant to agreements executed in the Spin-Off could materially adversely affect us.
  • RISKS RELATED TO CYBERSECURITY, DATA PRIVACY AND INTELLECTUAL PROPERTY
  • We are subject to evolving global laws and regulations relating to data privacy, data protection, information security and artificial intelligence, which may require us to incur substantial compliance costs or cause harm to our business operations.
  • Our intellectual property is valuable, and our inability to protect it could reduce the value of our products, services and brand and harm our competitive position.
  • Claims by others that we infringe, misappropriate or otherwise violate their intellectual property rights, even those without merit, could result in significant costs and adversely affect our business, financial condition and results of operations.
  • RISKS ASSOCIATED WITH OUR BUSINESS AND OPERATIONS
  • We face extensive competition in our markets and if we do not compete effectively, we may not be successful.
  • Defects, errors, installation difficulties or development delays could expose us to potential liability, harm our reputation and negatively impact our business.
  • Our use of artificial intelligence in our products and operations, as well as our potential failure to effectively implement, use and market these technologies, may result in reputational harm or liability or could adversely affect our revenues and profitability.
  • We rely on the availability of third-party licenses, and our inability to maintain those licenses could harm our business.
  • Changes in U.S. or foreign trade policies and other factors beyond our control may adversely impact our business and operating results.
  • Our business may be negatively affected by domestic and global economic conditions.
  • If we are unable to maintain and update our information technology systems to meet the needs of our business, our business could be adversely impacted.
  • If we do not retain key employees, or if we are unable to recruit, develop and retain qualified employees, we may not be able to meet our business objectives.
  • If the third-party suppliers upon which we rely to manufacture our offerings or provide us with key components or other technologies and services are unable to fulfill our needs at acceptable prices, our ability to bring our offerings to market successfully could be affected.
  • We face uncertainties regarding regulations, lawsuits and other related matters.
  • Our payments-related business subjects us to additional regulatory requirements and other risks and uncertainties that could be costly and difficult to comply with or that could harm our business.
  • Changes to our tax rates and additional income tax liabilities could impact profitability.
  • Our international operations subject us to additional risks that can adversely affect our business, financial condition and results of operations.
  • Our risk management efforts may not be fully effective in mitigating our risk exposure, which could expose us to losses and liability and otherwise harm our business.
  • A major natural disaster or catastrophic event could have a materially adverse effect on our business, financial condition and results of operations, or have other adverse consequences.
  • Our historical manufacturing activities subject us to environmental exposures.
  • RISKS ASSOCIATED WITH OUR FINANCE & ACCOUNTING
  • Our level of indebtedness could limit our financial and operating activities and adversely affect our ability to incur additional debt to fund future needs.
  • The terms of the documents governing our indebtedness include financial and other covenants that could restrict or limit our financial and business operations.
  • Our cash flows may not be sufficient to service our indebtedness, and if we are unable to satisfy our obligations under our indebtedness, we may be required to seek other financing alternatives, which may be unsuccessful.
  • Certain change in control transactions may accelerate our indebtedness or our obligations under other financing arrangements, or may require us to repurchase our senior unsecured notes or our Series A Convertible Preferred Stock.
  • A lowering or withdrawal of the ratings assigned to our debt securities by rating agencies may increase our future capital costs and reduce our access to capital.
  • We may be required to write down the value of certain significant assets, which would adversely affect our operating results.
  • If we fail to maintain an effective system of disclosure controls and procedures and internal control over financial reporting, then such failure could have a material adverse effect on our results of operations, financial condition and cash flows.
  • RISKS ASSOCIATED WITH OUR GOVERNANCE
  • Our Series A Convertible Preferred Stock has rights, preferences and privileges that are not held by, and are preferential to, the rights of our common stockholders, which could adversely affect our liquidity and financial condition, and may result in the interests of the holders of our Series A Convertible Preferred Stock differing from those of our common stockholders.
  • The issuance of shares of our Series A Convertible Preferred Stock reduces the relative voting power of holders of our common stock, and the conversion and sale of those shares would dilute the ownership of such holders and may adversely affect the market price of our common stock.
  • We could be subject to actions or proposals from stockholders that do not align with our business strategies or the interests of our other stockholders.

Legal proceedings

Information regarding legal proceedings is included in Item 8 of Part II of this Report as part of Note 11, “Commitments and Contingencies”, of the Notes to Consolidated Financial Statements and is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.19

Sources

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