NATL
Market read
The latest filing evidence is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 13 directly disclosed connections are confirming.
Invalidation: The isolated read changes if NATL's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 13 directly disclosed connections are confirming.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Net cash used in financing activities for the six months ended June 30, 2026 decreased $60 million year over year, driven by additional net borrowings under our revolving credit facility of $95 million.”10-Q · Aug 5, 2026 ↗
“Research and Development Expenses Three months ended June 30, Percentage of Total Revenue Change In millions 2026 2025 2026 2025 2026 v 2025 Research and development expenses $ 20 $ 17 1.8 % 1.5 % 18 % Six months ended June 30, Percentage of Total Revenue Cha…”10-Q · Aug 5, 2026 ↗
“Network Revenue and Adjusted EBITDA Three months ended June 30, Change Six months ended June 30, Change In millions 2026 2025 2026 v 2025 2026 2025 2026 v 2025 Revenue Software $ 9 $ 8 13 % $ 17 $ 14 21 % Transactional 307 311 (1) % 600 604 (1) % Total Networ…”10-Q · Aug 5, 2026 ↗
“These favorable impacts were partially offset by an increase in losses from foreign currency exchange rate movements.”10-Q · May 7, 2026 ↗
Valuation discipline
Price/sales 0.8× · EV/sales 1.3×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for NATL. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-05 against the comparable filing from 2025-08-07.
Capital and cash conversion
Capital spending consumed more revenue while free-cash-flow margin declined.
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
No thresholded deterioration was identified.
“Net cash used in investing activities increased $15 million for the six months ended June 30, 2026 relative to the comparative prior year period, primarily due to a reduction in sale-leaseback transactions on our ATM units.”
“Network Revenue and Adjusted EBITDA Three months ended June 30, Change Six months ended June 30, Change In millions 2026 2025 2026 v 2025 2026 2025 2026 v 2025 Revenue Software $ 9 $ 8 13 % $ 17 $ 14 21 % Transactional 307 311 (1) % 600 604 (1) % Total Network revenue $ 316 $ 319 (1) % $ 617 $ 618 — % Total Adjusted EBITDA $ 106 $ 86 23 % $ 190 $ 172 10 % Revenue remained relatively flat for the three and six months ended June 30, 2026 compared to the prior year periods due to lower demand for crypto transactions and less favorable revenue mix.”
“Revenue in our Network segment decreased slightly quarter over quarter, due to lower demand for crypto transactions and less favorable revenue mix.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“In a Company-owned arrangement, we place ATMs generally at well-known retailers such as Circle K, Costco, CVS, Kroger, Target, and Walgreens.”
“In a Company-owned arrangement, we place ATMs generally at well-known retailers such as Circle K, Costco, CVS, Kroger, Target, and Walgreens.”
Depended on by
“NCR Atleos acquisition and transformation initiatives On February 26, 2026, we entered into a definitive agreement to acquire NCR Atleos.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 13 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
NATL is currently a Leader in the organic co-movement group ATM Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.