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CPI Reports Strong Second Quarter 2026 Results

PMTS
  • CPI Card Group reported second quarter 2026 revenue increased 15% to $149.2 million & net income rose 294% to $2.0 million.
  • Adjusted EBITDA for the quarter increased 7% to $24.1 million, while operating cash flow for the first half reached a record $42.1 million.
  • The company raised its 2026 full-year revenue growth guidance to high-single-digit to low-double-digit & increased Free Cash Flow guidance to a range of $45 million to $50 million.
  • CPI increased its 2026 Integrated Paytech revenue growth guidance to approximately 20% following the acquisition of TRISM, which doubled the addressable market for U.S. instant issuance.
  • The Net Leverage Ratio improved to 2.7x as of June 30, 2026, down from 3.6x in the prior year quarter, with the company redeeming $26.5 million of Senior Notes in July.
  • Secure Card Solutions segment revenue grew 17% to $110.9 million in the quarter, driven by contactless card sales, personalization services, & tariff refunds.
  • Prepaid Solutions segment revenue increased 18% to $22.6 million in the quarter, while Integrated Paytech revenue grew 4% to $20.1 million.
  • First half 2026 revenue reached a record $296.3 million, up 17% year-over-year, & Free Cash Flow for the period hit a record $36.1 million.
  • The company continues to integrate Arroweye, which is performing ahead of investment case expectations, & is advancing Karta's SafeToBuy technology integration in the U.S. market.
  • Conference call regarding the results is scheduled for August 6, 2026, at 9:00 a.m. Eastern Time.