newsfilter
← Latest News
Business Wire·

CPI Reports Solid First Quarter Results

PMTS
  • CPI Card Group reported Q1 2026 revenue of $147.1 million, a 20% increase driven by the Arroweye acquisition & higher contactless card sales.
  • Net income decreased 57% to $2.1 million due to $3 million in non-recurring Arroweye integration costs.
  • Adjusted EBITDA rose 9% to $23.2 million despite the decline in net income.
  • The Company affirmed its 2026 outlook projecting high single-digit revenue growth & low-to-mid single-digit Adjusted EBITDA growth.
  • Secure Card Solutions revenue grew 35% to $109.9 million, while Prepaid Solutions revenue fell 17% to $22.0 million.
  • Free Cash Flow improved to $10.1 million in Q1 2026 compared to $0.3 million in the prior year period.
  • The Net Leverage Ratio decreased to 3.0x, supported by $10 million in reduced ABL revolver borrowings.
  • Arroweye contributed nearly $60 million in revenue since its May 2025 acquisition & added $16 million in Q1 2026.
  • CPI is advancing a pilot with a major retailer to integrate Karta's SafeToBuy technology into U.S. prepaid solutions.
  • The instant issuance SaaS business continues to grow with installations at over 2,500 financial institutions.