As discussed in Note 1, “Basis of Presentation and Significant Accounting Policies”, we identified misstatements in the second and third quarters of 2025 impacting prior period financial statements relating primarily to incorrect recognition of subscription software-related revenue, the incorrect treatment of certain network-related revenue and costs, and remeasurement of indirect taxes denominated in foreign currencies. These misstatements were determined to be immaterial, both individually and in the aggregate, to any previously issued interim or annual consolidated financial statements. We have included in this footnote the impact of the misstatements to the previously issued comparative financial information included in this filing.


In millions, except per share amounts	Three months ended June 30, 2025						Six months ended June 30, 2025
	As Reported		Adjustments		As Revised		As Reported		Adjustments		As Revised
Product revenue	$	266	$	(1)	$	265	$	455	$	(1)	$	454
Service revenue	838		(1)		837		1,628		(1)		1,627
Total revenue	1,104		(2)		1,102		2,083		(2)		2,081

Cost of services	634		(1)		633		1,220		—		1,220


Total operating expenses	984		(1)		983		1,869		—		1,869
Income from operations	120		(1)		119		214		(2)		212



Other income (expense), net	12		(5)		7		9		(6)		3
Income before income taxes	63		(6)		57		87		(8)		79
Income tax expense	19		—		19		29		(1)		28
Net income	44		(6)		38		58		(7)		51

Net income attributable to Atleos	$	45	$	(6)	$	39	$	60	$	(7)	$	53

Net income (loss) per share attributable to Atleos common stockholders:
Net income (loss) per common share
Basic	$	0.61	$	(0.08)	$	0.53	$	0.82	$	(0.10)	$	0.72
Diluted	$	0.60	$	(0.08)	$	0.52	$	0.80	$	(0.09)	$	0.71
Weighted average common shares outstanding
Basic	73.5				73.5		73.3				73.3
Diluted	74.9				74.9		75.1				75.1


In millions	Three months ended June 30, 2025						Six months ended June 30, 2025
	As Reported		Adjustments		As Revised		As Reported		Adjustments		As Revised
Net income	$	44	$	(6)	$	38	$	58	$	(7)	$	51
Other comprehensive income (loss):
Currency translation adjustments
Currency translation adjustments gain (loss)	46		—		46		58		—		58




Other comprehensive income (loss)	41		—		41		35		—		35
Total comprehensive income (loss)	85		(6)		79		93		(7)		86




Comprehensive income (loss) attributable to Atleos common stockholders	$	85	$	(6)	$	79	$	94	$	(7)	$	87

The statement of cash flows has been updated to reflect the changes to net income and the balance sheet, with an immaterial impact to net cash provided by operating activities, as the adjustments did not impact the total investing or financing cash flows for the period presented. The revision impacts to our Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025 are shown below:


	Six months ended June 30, 2025
In millions	As Reported		Adjustments		As Revised
Operating activities
Net income	$	58	$	(7)	$	51







Changes in assets and liabilities:


Current payables and accrued expenses	1		4		5
Contract liabilities	69		1		70



Net cash provided by operating activities	$	100	$	(2)	$	98
Cash, cash equivalents, and restricted cash at end of period	$	650	$	(2)	$	648

The Condensed Consolidated Statement of Changes in Stockholders’ Equity for the three months ended June 30, 2025 presented within this Form 10-Q corrects the balance of retained earnings and AOCI, as disclosed in the table below.


(in millions)	Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Total Equity






Balances, June 30, 2025 (as previously reported)	$	276	$	18	$	352
Cumulative adjustment due to error correction in prior periods	(27)		—		(27)
Adjustment due to error correction of Net income (loss)	(7)		—		(7)
Adjustment due to error correction of Other comprehensive income	—		—		—

Balances, June 30, 2025 (as revised)	$	242	$	18	$	318