Strong Financial Performance in 2024
Atleos generated over $4.3 billion in revenue, $3.22 of adjusted EPS, and over $242 million of adjusted free cash flow, all in line or above financial targets.
Significant Margin Expansion
Margin expanded year-over-year and sequentially in each quarter, benefiting from cost productivity initiatives and a more advantageous revenue mix, resulting in 400 basis points of margin expansion.
ATM as a Service Growth
ATM as a service contributed one full point of top-line growth for the year, with a 27% revenue growth in the ATM as a service product and an ARR of more than $20 million, expected to grow over 40% in 2025.
Network Segment Performance
The network segment showed strong top-line performance with high single-digit transaction growth and ARPU growing in each quarter, with the fourth quarter setting a new high.
Free Cash Flow Exceeds Expectations
Atleos generated an impressive $242 million of free cash flow in 2024, above the guidance of approximately $205 million.