NCR Voyix Corp
VYX, NCRRP · Calculating & Accounting Machines (No Electronic Computers) · 137.8M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Reference price $10.99 · est. market cap ~$1.5B — last insider purchase, 2025-05-16 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D44Post-split retail/restaurant-tech company mid SaaS transition, with negative operating cash flow, weak coverage, and declining revenue.
Strengths
- Building recurring revenue — MD&A emphasizes ARR growth as it converts to SaaS
Risks
- Negative operating cash flow — OCF margin -7.8% (11th)
- Barely covers interest, high leverage — interest coverage 0.43 (34th), D/E 1.16 (84th)
- Declining revenue and collapsed earnings — revenue -4.6% (9th), net income -93.5% (18th); quick ratio 0.83
Notable findings
- No interest coverageInterest coverage 0.43 (cannot cover interest)
- Customer concentration~21% of revenue from one customer/distributor — 5 % 20
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Notable holderHeld by 4 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +1 more (as of 2026-03-31)
- Revenue declineRevenue -15.8% YoY
- AccumulatingInstitutional holders rose 7→8 QoQ (2025-12-31→2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
1.0%
Net margin
2.3%
Return on equity
6.5%
Return on assets
1.6%
ROIC
1.0%
Revenue growth (QoQ)
-15.8%
Net-income growth
-93.5%
Debt / equity
1.2×
Net debt / EBITDA
3.4×
Interest coverage
0.4×
Current ratio
1.0×
EBITDA
$257M
Tangible book value
-$655M
Cash & investments
$231M
Stock comp / revenue
1.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-03 | Henderson Irv | Grant | 27K | — |
| 2026-06-03 | Miller Laura Marie | Grant | 27K | — |
| 2026-06-03 | Reddy Kevin Michael | Grant | 27K | — |
| 2026-06-03 | Sloan Jeffrey Steven | Grant | 27K | — |
| 2026-06-03 | LARSEN KIRK T | Grant | 27K | — |
| 2026-06-03 | SEN LAURA | Grant | 27K | — |
| 2026-06-03 | HAUGEN JANET BRUTSCHEA | Grant | 27K | — |
| 2026-05-12 | KELLY JAMES G | Gift | 114K | — |
| 2026-05-12 | KELLY JAMES G | Gift | 114K | — |
| 2026-03-15 | Wise James Michael | Option exercise | 2.7K | — |
| 2026-03-15 | Wise James Michael | Tax withheld | 942 | $6.50 |
| 2026-03-15 | Tadele Beimnet | Option exercise | 12K | — |
| 2026-03-15 | Tadele Beimnet | Tax withheld | 3.9K | $6.50 |
| 2026-03-15 | Sterrett Kelli | Option exercise | 20K | — |
| 2026-03-15 | Sterrett Kelli | Tax withheld | 9.7K | $6.50 |
| 2026-03-15 | Webb-Walsh Brian J. | Option exercise | 27K | — |
| 2026-03-15 | Webb-Walsh Brian J. | Tax withheld | 13K | $6.50 |
| 2026-03-15 | KELLY JAMES G | Option exercise | 27K | — |
| 2026-03-03 | Wise James Michael | Option exercise | 4.0K | — |
| 2026-03-03 | Wise James Michael | Tax withheld | 1.4K | $8.01 |
| 2026-03-03 | Tadele Beimnet | Option exercise | 16K | — |
| 2026-03-03 | Tadele Beimnet | Tax withheld | 5.1K | $8.01 |
| 2026-03-03 | Sterrett Kelli | Option exercise | 16K | — |
| 2026-03-03 | Sterrett Kelli | Tax withheld | 7.8K | $8.01 |
| 2026-03-03 | Wilson Darren | Option exercise | 20K | — |
| 2026-03-03 | Wilson Darren | Tax withheld | 9.4K | $8.01 |
| 2026-03-03 | Webb-Walsh Brian J. | Option exercise | 32K | — |
| 2026-03-03 | Webb-Walsh Brian J. | Tax withheld | 15K | $8.01 |
| 2026-03-03 | KELLY JAMES G | Option exercise | 87K | — |
| 2026-02-01 | Tadele Beimnet | Option exercise | 4.9K | — |
| 2026-02-01 | Tadele Beimnet | Tax withheld | 1.7K | $9.92 |
| 2025-12-31 | Wise James Michael | Option exercise | 1.7K | — |
| 2025-12-31 | Wise James Michael | Tax withheld | 513 | $10.20 |
| 2025-11-01 | Wilson Darren | Option exercise | 20K | — |
| 2025-11-01 | Wilson Darren | Tax withheld | 9.2K | $11.41 |
| 2025-08-29 | Sterrett Kelli | Tax withheld | 4.2K | $13.18 |
| 2025-08-21 | KELLY JAMES G | Gift | 36K | — |
| 2025-08-21 | KELLY JAMES G | Gift | 36K | — |
| 2025-06-06 | Burke Catherine Levinson | Grant | 14K | — |
| 2025-06-06 | Miller Laura Marie | Grant | 14K | — |
| 2025-06-06 | SLOAN JEFFREY STEVEN | Grant | 14K | — |
| 2025-06-06 | HAUGEN JANET BRUTSCHEA | Grant | 14K | — |
| 2025-06-06 | Reddy Kevin Michael | Grant | 14K | — |
| 2025-06-06 | LARSEN KIRK T | Grant | 14K | — |
| 2025-06-06 | Henderson Irv | Grant | 14K | — |
| 2025-06-06 | SEN LAURA | Grant | 14K | — |
| 2025-05-16 | KELLY JAMES G | Buy | 23K | $10.99 |
| 2025-05-14 | Radesca Anthony J. | Option exercise | 11K | — |
| 2025-05-14 | Radesca Anthony J. | Tax withheld | 5.1K | $10.89 |
| 2025-05-13 | SEN LAURA | Buy | 23K | $11.04 |
| 2025-03-15 | KELLY JAMES G | Option exercise | 27K | — |
| 2025-03-15 | Webb-Walsh Brian J. | Option exercise | 27K | — |
| 2025-03-15 | Webb-Walsh Brian J. | Tax withheld | 12K | $9.68 |
| 2025-03-15 | Sterrett Kelli | Option exercise | 20K | — |
| 2025-03-15 | Sterrett Kelli | Tax withheld | 9.1K | $9.68 |
| 2025-03-15 | Tadele Beimnet | Option exercise | 12K | — |
| 2025-03-15 | Tadele Beimnet | Tax withheld | 3.6K | $9.68 |
| 2025-03-03 | SLOAN JEFFREY STEVEN | Grant | 3.7K | — |
| 2025-02-01 | Tadele Beimnet | Tax withheld | 1.7K | $12.29 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
Suppliers (1)
- Ennoconn Corporation
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | Exec/director changeShareholder vote | filing ↗ |
| 2026-05-07 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-26 | ResultsReg FDExhibits | filing ↗ |
| 2025-11-06 | ResultsReg FDExhibits | filing ↗ |
| 2025-09-09 | Exec/director change | filing ↗ |
| 2025-08-07 | ResultsReg FDExhibits | filing ↗ |
| 2025-06-10 | Shareholder vote | filing ↗ |
| 2025-05-08 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-03 | 0000070866-26-000023 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0000070866-26-000017 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0000070866-26-000016 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0000070866-26-000006 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0000070866-26-000005 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0000070866-25-000087 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0000070866-25-000088 ↗ |
| 8-K | 2025-09-09 | 2025-09-03 | 0000070866-25-000080 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0000070866-25-000076 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0000070866-25-000078 ↗ |
| 8-K | 2025-06-10 | 2025-06-06 | 0000070866-25-000071 ↗ |
| 10-Q | 2025-05-08 | 2025-03-31 | 0000070866-25-000043 ↗ |