Diebold Nixdorf, Incorporated (DBD): Business Model Canvas [Dec-2025 Updated]

After a tough restructuring, you're probably wondering how Diebold Nixdorf, Incorporated (DBD) is actually making money now, especially with cash still a core need for many of its clients. Honestly, the shift is clear: they are leaning hard into high-margin services, which are a major driver toward their projected $3.75 billion to $3.80 billion revenue for 2025. This isn't just about shipping hardware; it's about locking in that recurring revenue-about 70% of their $2.2 billion services take comes from long-term contracts supporting their massive installed base of approximately 800,000 ATMs globally. Below, we map out the nine building blocks that define this post-turnaround business model.

Diebold Nixdorf, Incorporated (DBD) - Canvas Business Model: Key Partnerships

You're looking at how Diebold Nixdorf, Incorporated (DBD) builds value through its external relationships, which is crucial given their global footprint and reliance on complex technology deployments. These partnerships aren't just handshake deals; they translate directly into revenue streams and market access.

Global Network of Resellers and Distributors

The reach of Diebold Nixdorf, Incorporated (DBD) into various geographies is heavily dependent on its reseller network. Take BS/2, for example; this partnership is long-standing, marking 30 Years Partnership Anniversary as of 2025. This relationship is strategic, evidenced by BS/2 winning the Best Strategic Deal 2024/25 for a major DN200V ATM deployment with Uzum Bank in Uzbekistan. To support this regional reach, the BS/2 delegation at the 2025 Banking Partner Summit included 13 team members representing offices across Lithuania, Georgia, Azerbaijan, Kazakhstan, Kyrgyzstan, and Uzbekistan. These channels are vital for driving the business, which reported total net sales of $945.2 million in the third quarter of 2025.

Strategic Technology Partners

Integrating advanced technology is non-negotiable, and that means deep collaboration with silicon and software leaders. Diebold Nixdorf, Incorporated (DBD) works with partners like Intel to embed intelligence into its solutions. Conversations with Intel focus on practical AI use cases, such as item recognition and age verification at the point of sale, designed to improve accuracy and customer experience. The ubiquity of in-store cameras and growing AI capabilities mean the number of Computer Vision applications is likely to increase further in 2025. This technological underpinning supports the overall business, which is trending toward full-year 2025 free cash flow guidance between $190 million and $210 million.

Long-Term Managed Services Contracts

Recurring revenue from managed services is a cornerstone of stability. The extension of the partnership with Geldmaat in the Netherlands is a prime example. Diebold Nixdorf, Incorporated (DBD) will provide long-term ATM Managed Services for more than 1,800 ATMs and cash systems across the Dutch market, covering helpdesk, monitoring, maintenance, and repair. Geldmaat itself is a key player, managing nearly 5,000 ATMs in the country, which handle close to 150 million transactions annually, totaling 30 billion euros. These comprehensive service agreements reinforce the company's position, which aims for adjusted EBITDA margins of approximately 15% by 2027.

Collaborations with Major US Banks for DN Series ATM and Service Agreements

The core banking business relies on deep relationships with large financial institutions. Diebold Nixdorf, Incorporated (DBD) is a partner to the majority of the world's top 100 financial institutions. A key metric here is the deployment of their latest hardware; the company has shipped more than 200,000 cloud- and internet-enabled DN series ATMs since 2023, which is double the rate of the prior three years. Early adopters of the newest generation, like Komerční banka (KB) in the Czech Republic, are piloting models such as the DN Series 300. These deployments are supported by integrated solutions like the DN AllConnect Data Engine.

Joint Research and Industry Insights

While specific financial data on a joint research venture with Coresight Research isn't immediately available, the company actively participates in industry thought leadership, often in conjunction with technology partners. For instance, Diebold Nixdorf, Incorporated (DBD) contributed to an Intel-sponsored report discussing the future of retail technology, where industry leaders shared perspectives on automating produce recognition. The company's overall strategy is to drive profitable growth, targeting mid-single-digit Banking and Retail revenue growth by 2027.

Here's a quick look at the scale of some key partnership-related assets and financial context:

• DN Series ATMs Shipped Since 2023: Over 200,000 units.
• Geldmaat ATMs Managed: More than 1,800.
• Top 100 Financial Institutions Partnered With: The majority.
• BS/2 Partnership Duration: 30 Years as of 2025.
• 2025 Full-Year Free Cash Flow Guidance: $190 million to $210 million.

The Q2 2025 adjusted EBITDA was $111 million, showing sequential margin growth, which helps fund these extensive partner ecosystems. The company also reported a net leverage ratio of 1.5x at the end of Q2 2025, suggesting a well-capitalized position to maintain these critical alliances.

Diebold Nixdorf, Incorporated (DBD) - Canvas Business Model: Key Activities

Research and development (R&D) of Vynamic software and DN Series hardware

Diebold Nixdorf, Incorporated (DBD) reported Trailing Twelve Month (TTM) Research and Development Expenses as of September 30, 2025, totaling $0.089B. The company unveiled Vynamic Connection Points 7 (VCP 7), the seventh-generation multivendor, self-service software, designed to integrate with the Vynamic software ecosystem. The DN Series hardware, purpose-built as an IoT device, features over 100 IoT-enabled data points feeding the DN AllConnect Data Engine.

Manufacturing and global distribution of self-service technology

Diebold Nixdorf, Incorporated (DBD) celebrated shipping more than 200,000 DN Series ATMs from its global manufacturing plants as of February 2025, having doubled the 100,000 shipment milestone reached in the first quarter of 2023. The company operates manufacturing facilities in Germany, Ohio, Brazil, and India. A local-to-local manufacturing strategy has resulted in reducing order-to-delivery time from 180 to 60 days as of September 2025.

Delivering comprehensive, multi-vendor Managed Services and maintenance

Services account for approximately 70% of the company's approximately $3.8 billion in annual revenue, as of June 2025. The Banking Segment, which includes a significant portion of services, accounts for 74% of total revenue, with 800,000 ATMs installed globally. Total Services revenue for the three months ended June 30, 2024, was $540.7 million. The company extended a four-year, $100 million managed services contract with an international retailer based in Western Europe in Q2 2024.

• Banking Segment Revenue Share: 74%
• Service Revenue Share of Annual Revenue: 70%
• Total ATMs Installed Globally: 800,000
• Q2 2024 Total Services Revenue: $540.7 million

Executing on the lean journey to drive operational efficiency and cost savings

The execution of lean operating principles has contributed to product margins improving from the low teens to the mid-to-high 20s, as of September 2025. The company reported conducting Six Kaizen events to improve productivity and safety as of June 2025. The company is targeting an annual service margin improvement of 100 basis points. For the full year 2024, Adjusted EBITDA was $452 million, with a projection for 2025 Adjusted EBITDA between $470 million and $490 million.

Developing AI-powered retail and branch automation solutions

Diebold Nixdorf, Incorporated (DBD) won an LSA Tech AI for Business award for its Vynamic Smart Vision I Shrink Reduction solution. In a single store in France, this AI-powered solution enabled a nearly 15% reduction in manual interventions by checkout staff. Furthermore, the rate of incorrect transactions at self-service checkouts using this technology fell from 3% to less than 1%. The company is also focusing on expanding AI-powered self-checkout solutions in North America.

You can see the focus on AI in retail directly impacting transaction accuracy metrics.

Diebold Nixdorf, Incorporated (DBD) - Canvas Business Model: Key Resources

You're looking at the core assets Diebold Nixdorf, Incorporated (DBD) relies on to execute its strategy, especially after coming through that restructuring. These aren't just line items; they are the physical and intellectual foundations supporting their recurring service revenue, which, by the way, makes up roughly 70% of their services revenue through long-term contracts.

The sheer scale of their installed footprint is a massive barrier to entry for competitors. They maintain the largest installed base of automated teller machines (ATMs) globally. Here's the quick math on that physical footprint:

• Installed base of approximately 800,000 ATMs globally.
• The company has a presence in more than 100 countries.
• Total global employees stand at approximately 21,000 teammates.

Supporting that installed base is a substantial, mission-critical field service infrastructure. Honestly, this is where the recurring revenue is serviced and defended. Roughly 14,000 of their 21,000 employees are field technicians deployed globally to meet stringent service level agreements (SLAs). This deep service engagement is a key differentiator, especially for mission-critical contracts.

The product portfolio is anchored by hardware designed for the modern environment. The DN Series family of ATMs, recyclers, and self-checkout devices represents their current generation of hardware. For instance, they celebrated shipping more than 200,000 cloud- and internet-enabled DN Series ATMs since 2023, doubling the shipment rate from the prior three years. This hardware is purpose-built as an IoT device, feeding data back into their systems.

That data feeds the Vynamic software platform, which is central to connecting the physical and digital channels for both Banking and Retail clients. The Vynamic Retail Platform, for example, is cloud-native and built on modular microservices, allowing for flexible composition and fast updates. The DN Vynamic POS and DN Vynamic Retail Platform are cited as among their most widely adopted software products. This software layer is what helps them drive economies of scale across their service operations.

Finally, the financial underpinning post-restructuring is a key resource for strategic flexibility, including capital returns. You want to see the balance sheet strength to support long-term service contracts and new product development. What this estimate hides is the ongoing impact of restructuring costs, but the current liquidity position is solid.

Here's a snapshot of the financial and operational metrics as of the third quarter of 2025:

The company is actively using this financial strength to return capital, having completed a $100 million share repurchase program and authorized a new $200 million authorization. They are also on track to deliver over $200 million in free cash flow for the full year 2025.

Finance: draft 2026 capital allocation plan focusing on service productivity investment by Friday.

Diebold Nixdorf, Incorporated (DBD) - Canvas Business Model: Value Propositions

You're looking at the core reasons why financial institutions and retailers choose Diebold Nixdorf, Incorporated (DBD) as of late 2025. It's about bridging the gap between what happens online and what happens in person, all while keeping the critical cash ecosystem running smoothly.

Seamless integration of digital and physical banking/shopping experiences

Diebold Nixdorf, Incorporated (DBD) focuses on creating a unified channel experience. This isn't just a buzzword; it's about using software platforms to connect the self-service channel with the broader digital ecosystem. The goal is to let customers move between channels without friction, which is vital as banks continue to evolve their physical footprints.

The company's Q3 2025 performance shows this strategy is gaining traction, with the banking segment maintaining stability and the retail segment showing strong momentum. For instance, Q3 2025 revenue for the banking segment was $690 million with a gross margin of 26.8%. The overall company revenue for Q3 2025 was $945.2 million. This financial strength supports the ongoing investment needed to deliver this integration.

Key aspects of this value proposition include:

• Migrating up to 80% of traditional teller transactions to ATMs via core integration.
• Providing an agile, modern cloud-native transaction processing platform.
• Enabling on-demand assistance, such as video/chat, directly from self-service devices.

AI-powered solutions like Vynamic Smart Vision to reduce retail shrink

For the retail segment, Diebold Nixdorf, Incorporated (DBD) offers AI-powered tools to directly tackle loss prevention, which is a major drain on profitability. The Vynamic Smart Vision solution uses artificial intelligence to monitor checkout processes in real-time, protecting profit margins by minimizing theft and errors. The retail segment itself showed exceptional performance in Q3 2025, with revenue increasing 8% year-over-year, generating $255 million in revenue with a gross margin of 24.7%.

The real-world impact of this technology is quite measurable. Since its introduction in France, for example, the AI-powered solution has led to significant operational improvements:

• The rate of incorrect transactions at self-service checkouts fell from 3% to less than 1%.
• Manual interventions by checkout staff were reduced by nearly 15% in a single store.
• It combats loss from missed scans, walk-aways, and barcode switching.

High-availability and reliability through long-term Managed Services contracts

The value here is guaranteed uptime and predictable operational costs, which Diebold Nixdorf, Incorporated (DBD) delivers through its Managed Services portfolio, particularly for retail IT ecosystems. By acting as a Single Point of Contact (SPOC) for all incidents, they simplify complex multivendor environments. This focus on services-led delivery is a core retention strategy, aiming for improved free cash flow conversion, projected to rise from over 40% in 2025 to over 60% by 2027.

The service metrics speak directly to reliability:

Branch automation solutions (TCRs) to improve bank operational efficiency

The launch of the new Branch Automation Solutions portfolio in August 2025 directly addresses the need for banks to optimize operations and cut costs in physical channels. Teller Cash Recyclers (TCRs) are central to this, enabling the consolidation of cash management at the branch level and transforming traditional spaces into advisory hubs. This operational streamlining is supported by the company's overall financial momentum, with Adjusted EBITDA reaching $121.9 million in Q3 2025.

The efficiency gains are clear:

• Transforms branches into efficient, advisory-led service hubs.
• Optimizes cash management through improved forecasting and cassette configuration.
• Reduces costs and boosts staff productivity by shifting routine tasks.

Fit-for-purpose ATM models for cash-heavy emerging economies like India

Diebold Nixdorf, Incorporated (DBD) provides purpose-built ATM models that cater to the specific demands of cash-heavy markets, ensuring high availability and local relevance. While the global ATM market is projected to reach $31.6 billion by 2030, emerging economies remain crucial. India, for instance, accounted for 7.3% of the global ATM market revenue in 2024, with its market valued at USD 1.88 Billion in 2024.

The value proposition here is demonstrated by hardware designed for high-volume, reliable operation, such as the new DN Series dispensers launched in December 2025. These units are designed to simplify logistics and maintenance, which is key for expansive networks in developing regions:

• New DN Series 300/350 promise nearly 40% greater availability.
• Cash capacity is supported up to 14,000 notes.
• The modular design supports up to 8 denominations.

The company has a history of scale in this area; over 200,000 DN Series ATMs have been shipped globally as of February 2025. This scale helps financial institutions meet the growing need for banking access in areas where white label ATMs reached 35,791 units by 2022-23 in India alone.

Finance: draft the 2026 capital expenditure plan focusing on TCR deployment by end of Q1 2026.

Diebold Nixdorf, Incorporated (DBD) - Canvas Business Model: Customer Relationships

You're looking at how Diebold Nixdorf, Incorporated (DBD) locks in its clients, which is heavily weighted toward long-term service relationships. Honestly, the numbers show a clear strategy: sell the hardware, but make the recurring service the bedrock of the business.

Dedicated global field tech support for mission-critical Service Level Agreements (SLAs)

The backbone of this relationship model is the sheer scale of the boots on the ground. Diebold Nixdorf, Incorporated (DBD) maintains its own field tech infrastructure, which stands at a massive 14,000 people across the globe to serve its customers directly. This large team is structured to meet very, very stringent response times under strict SLAs (Service Level Agreements) for mission-critical contracts, like maintaining ATMs and self-checkout devices. This commitment to operational excellence earned recognition, with a senior vice president for Service Americas being named to the Future of Field Service Stand Out 50 Leaders list for 2025. The company has a presence in more than 100 countries, ensuring global reach for these support functions.

Here's a quick look at the scale of the operation supporting those SLAs:

• Global employee count is approximately 21,000 worldwide.
• Field technicians account for about 14,000 of those employees.
• The company is a partner to the majority of the world's top 100 financial institutions.
• The company is a partner to the majority of the world's top 25 global retailers.

Long-term, recurring service contracts for stability and retention

This is where the stability comes from. If you look at the revenue breakdown, roughly $2.2 billion of the company's stated $3.8 billion revenue is services. Within that services revenue, a significant 70% is locked in via recurring service contracts. These are long-term agreements necessary for banks to keep providing service to their customers. This focus on services helps stabilize the top line; for instance, the TTM revenue as of late 2025 was $3.69 Billion USD, down only slightly from the prior year. The company's net debt ratio is currently at 1.6, which management views as comfortably within their target range.

The service revenue stream is the engine for future financial health:

Direct sales and executive engagement with top-tier financial and retail clients

Executive engagement is key when dealing with the largest clients, which include the majority of the world's top 100 financial institutions and top 25 global retailers. The CEO, Octavio Marquez, is clearly involved in communicating the strategy and progress, such as reaffirming the 2025 outlook and discussing the three-year plan targeting mid-single-digit annual revenue growth by 2027. This high-level interaction ensures alignment on complex, multi-year technology roadmaps. The company also actively manages its shareholder base, executing share repurchases, buying back approximately $30 million worth of shares (about 637,000 shares) in Q2 2025 alone. The company also announced a new $200 million share repurchase authorization.

Consultative approach to digital transformation and branch/store revamps

The consultative selling focuses on helping clients navigate digital transformation, which is evident in the segment performance. For example, in Q3 2025, the Retail segment revenue grew 8% year-over-year, generating $255 million with a gross margin of 24.7%, showing success in driving self-service adoption. In the Banking segment, revenue was $690 million in Q3 2025 with a gross margin of 26.8%, supported by wins in branch automation with recycling ATMs and supporting service agreements. The company is targeting cumulative free cash flow of ~$800 million from 2025-2027, which requires successful execution of these transformation projects. The firm's strategy includes developing specific ATM models for emerging economies where cash volumes are still very big, like India and Thailand.

You can see the segment focus in the Q3 2025 results:

• Banking Segment Revenue (Q3 2025): $690 million.
• Retail Segment Revenue (Q3 2025): $255 million.
• Banking Gross Margin (Q3 2025): 26.8%.
• Retail Gross Margin (Q3 2025): 24.7%.

Finance: draft the 2026 service contract renewal forecast by next Tuesday.

Diebold Nixdorf, Incorporated (DBD) - Canvas Business Model: Channels

You're looking at how Diebold Nixdorf, Incorporated gets its products and services into the hands of banks and retailers across the globe. It's a mix of direct selling, a wide partner ecosystem, and increasingly, cloud-based digital delivery.

Direct sales force targeting the world's top financial institutions and retailers

The core of the sales effort involves a significant direct presence. Diebold Nixdorf, Incorporated has a presence in more than 100 countries. To support this, the company employs approximately 21,000 people worldwide. Think about that field force: roughly 14,000 of their approximately 20,000 total staff are out in the field daily, handling repairs and ensuring operational uptime for customers. This direct engagement is crucial for maintaining their installed base, which includes a very large installed base of 800,000 ATMs globally in the Banking segment alone. The direct team focuses on securing and managing relationships with the majority of the world's top 100 financial institutions and the top 25 global retailers.

Global network of authorized distributors and partners for regional sales

While the direct force handles the giants, regional sales and specific market penetration rely heavily on authorized distributors and partners. This network helps Diebold Nixdorf, Incorporated execute large-scale rollouts efficiently. For instance, in the retail space, they build self-ordering kiosks for Tillster, which is a strategic software and distribution partner, specifically to serve multiple Top 20 QSR chains in the region. This partnership model allows for localized execution, especially in areas where partner expertise complements the direct sales effort.

Digital channels for software updates and cloud-based Vynamic platform services

The shift to software-as-a-service delivery is evident in their digital channels. The Vynamic Retail Platform is a key offering here; it's a cloud-native software platform designed to connect consumer journeys, store operations, and back-office functions scalably. Products like the DN Vynamic POS and the DN Vynamic Retail Platform are noted as having significant customer counts, showing adoption in this digital delivery method. Furthermore, a substantial portion of revenue is tied to recurring services, which are delivered and managed through these digital channels. Of the roughly $3.8 billion in total revenue, about $2.2 billion is services, and 70% of that service revenue comes from long-term, recurring service contracts. These contracts mandate strict service level agreements (SLAs) that are managed digitally.

Local manufacturing and production lines, like the new Ohio retail facility

To ensure supply chain control and responsiveness for hardware, Diebold Nixdorf, Incorporated has strategically invested in local manufacturing. They recently established a new retail technology production line at their North Canton, Ohio manufacturing facility to boost U.S.-based production. This facility focuses on self-service checkout solutions, including the modular DN Series EASY family, primarily for domestic Grocery and General Merchandise retailers. This in-house manufacturing approach is a direct channel strategy to provide quality and responsiveness, aiming for greater control and predictability in the supply chain for North American customers.

Here's a quick look at the scale of Diebold Nixdorf, Incorporated's operational footprint supporting these channels as of late 2025:

Finance: draft 13-week cash view by Friday.

Diebold Nixdorf, Incorporated (DBD) - Canvas Business Model: Customer Segments

You're looking at the core groups Diebold Nixdorf, Incorporated (DBD) serves, which dictates where they focus their development and sales efforts. Honestly, this breakdown shows a clear reliance on established financial players, but with targeted growth in specific geographic and retail niches.

The stated segmentation for the 2024 fiscal year revenue was:

• Global Financial Institutions: 74% of 2024 revenue.
• Top Global Retailers: 26% of 2024 revenue.

The full-year 2024 GAAP revenue for Diebold Nixdorf, Incorporated (DBD) was reported as $3.75 billion. The company states it is a partner to the majority of the world's top 100 financial institutions and top 25 global retailers.

Here is a look at the most recent segment revenue data available, from the third quarter of 2025:

The focus on cash-centric technology remains a significant driver, especially in specific geographies.

• Emerging markets (India, Middle East) requiring cash-focused ATM technology: Diebold Nixdorf, Incorporated (DBD) has developed very specific ATM models for these growing markets, where cash volumes are very big. The company opened a manufacturing facility in Bengaluru, Indian, to produce over 18,000 DN Series cash dispensing and recycling machines annually. QNB, a Qatari multinational commercial bank, deployed the DN Series® 500 cash recycler in the Middle East.
• Community banks and smaller regional financial services providers: Diebold Nixdorf, Incorporated (DBD) does business with all the top banks, credit unions, and community banks in the world. The company provides Branch Automation Solutions to help financial institutions cut cost and boost efficiency. For example, America First Credit Union (AFCU) partnered to upgrade its ATM fleet and enterprise payment system.

The company's 2025 financial outlook projects total revenue to be flat to up low-single digits compared to FY2024. Adjusted EBITDA is targeted between $470 million and $490 million, with free cash flow expected to be between $190 million and $210 million.

Finance: draft 13-week cash view by Friday.

Diebold Nixdorf, Incorporated (DBD) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive Diebold Nixdorf, Incorporated's operations as of late 2025. Understanding where the money goes is key to seeing the profitability picture, especially with their heavy service component.

Cost of Goods Sold (COGS) for hardware manufacturing and supply chain

The cost tied directly to the hardware you sell-the ATMs and self-checkout units-remains a major expense. For the latest twelve months (TTM) ending around Q3 2025, Diebold Nixdorf's Cost of Goods Sold was approximately $2.75 billion. To give you context on the recent trend, the COGS for the full fiscal year 2024 was $2.803 billion, which was a slight decrease from the prior year. The median COGS over the five fiscal years ending in 2024 was $2.845 billion.

Significant investment in Research and Development (R&D)

Innovation costs are necessary to keep the product line current, especially with the shift toward advanced self-service and security features. R&D spending has been trending down slightly from previous years, reflecting a focus on operational efficiency alongside new product releases. The TTM R&D expense as of September 30, 2025, was reported at about $89.0 million ($0.089 billion), down from $92.0 million ($0.092 billion) as of June 30, 2025. This investment supports the development of solutions like the DN Series® 300 and 350 ATMs.

High fixed costs for the global field service and maintenance network

This is where a significant chunk of Diebold Nixdorf, Incorporated's operational costs reside, but it's also a major source of stable revenue. The service network is substantial; the company maintains a field tech infrastructure of 14,000 people globally to support mission-critical contracts. Of the total company revenue, roughly $2.2 billion is services revenue, and 70% of that is locked in as recurring service contracts. These contracts demand strict Service Level Agreements (SLAs), which necessitates keeping a large, ready workforce, creating a high fixed cost base. To bolster this area, Diebold Nixdorf, Incorporated recently acquired HTX for a purchase price between $10 million and $15 million to integrate higher-margin service capabilities.

You can see the scale of the main expense categories here:

General and administrative expenses for global operations and corporate functions

General and administrative costs, which include SG&A Expenses, cover the overhead for running a global enterprise, from corporate functions to sales support not directly tied to product manufacturing or field service execution. While specific 2025 G&A figures aren't immediately available in the latest summaries, these costs are managed alongside the drive for operational efficiencies. The company is focused on increasing free cash flow conversion, which implies tight control over these operating expenses.

Costs associated with debt servicing and capital structure management

Managing the balance sheet is a critical cost consideration, especially following past restructuring. Following a December 2024 refinancing that reduced total debt by $100 million (by replacing a $1.05 billion term loan), Diebold Nixdorf, Incorporated expects significant interest expense relief in 2025. Specifically, the company highlighted year-over-year interest expense savings of approximately $70 million expected for the full year 2025. This successful deleveraging has resulted in a net leverage ratio of 1.5x (net debt to trailing twelve-month adjusted EBITDA) as of Q2 2025, signaling a stronger, less interest-burdened capital structure.

The focus is clearly on cash generation to manage remaining obligations.

• Expected 2025 Free Cash Flow Guidance: $190 million to $210 million.
• Targeted Free Cash Flow Conversion for 2025: 40%-plus.
• Debt Reduction from 2024 Refinancing: $100 million.

Finance: draft 13-week cash view by Friday.

Diebold Nixdorf, Incorporated (DBD) - Canvas Business Model: Revenue Streams

You're looking at the core ways Diebold Nixdorf, Incorporated (DBD) brings in cash as of late 2025. The company is definitely trending toward the higher end of its guidance for the year, based on recent reports.

The full-year 2025 revenue projection Diebold Nixdorf, Incorporated (DBD) is working toward sits between $3.75 billion and $3.80 billion. For a concrete, recent snapshot, the trailing twelve-month revenue as of September 30, 2025, was reported at $3.69 billion USD.

Here's the quick math showing how that revenue breaks down across the main segments, using the required services figure:

Services revenue is a bedrock for Diebold Nixdorf, Incorporated (DBD), coming in at approximately $2.2 billion for the fiscal year 2025. A huge chunk of that, about 70% of services revenue, is locked in as recurring revenue from long-term service and software contracts. This provides a predictable financial base, which is key for stability. Also feeding into the services and software side are the software licensing and subscription fees generated by the Vynamic platform, which is central to their modern offerings, including Vynamic Retail Platform and Vynamic Connection Points 7.

The remaining revenue comes from the sale of physical devices. This product sales stream is driven by hardware deployments across both the Banking and Retail segments, specifically including:

• DN Series ATMs
• POS terminals
• Self-checkout devices

The performance of these hardware sales, combined with the stable recurring service revenue, dictates the final top-line result for the year.