ACI Worldwide

ACI’s balance sheet is sound with manageable leverage. Q1 2026 ended with 162 million cash and 812 million of debt, net leverage around 1.3 times adjusted EBITDA, and total liquidity of roughly 560 million.

The company redeemed its 5.75% 2026 notes in 2025, extended maturities to 2029 under the credit facility, and amortization is modest relative to cash generation. Interest paid in 2025 was about 64 million against operating cash flow of 323 million. Covenants allow meaningful headroom.

Execution risk remains from variable‑rate debt and macro rates, but current leverage and liquidity are comfortable for a software business with robust recurring cash flows.