Earnings ·
CPI Card Group raises 2026 revenue and free cash flow guidance after Q3 revenue hits record $158.4 million
PMTSCPI Card Group Inc.
CPI Card Group reported third-quarter revenue of $158.4 million, a 15% increase from the prior year period, marking a quarterly company record. Net income rose 117% to $5.0 million, or $0.41 diluted earnings per share, while Adjusted EBITDA grew 17% to $27.5 million. The company raised its full-year 2026 financial guidance for the second consecutive quarter, now expecting low-double-digit revenue growth and free cash flow of $50 million to $55 million, up from the previous range of $45 million to $50 million. Year-to-date revenue reached a record $454.6 million, supported by strong performance across Secure Card Solutions, Prepaid Solutions, and Integrated Paytech segments. The company also reported record year-to-date cash flow from operations of $57.3 million and reduced its net leverage ratio to 2.6x. CPI Card Group Inc. is a payments technology leader providing physical and digital payment solutions for U.S. financial institutions, processors, fintechs, and prepaid program managers.