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CPI Card Group Inc. — Third Quarter 2026 Earnings Summary

  • Q3 revenue rose 15% YoY to a record $158.4 million, while net income surged 117% YoY to $5.0 million ($0.41 EPS) and Adjusted EBITDA grew 17% YoY to $27.5 million; YTD revenue and net income increased 16% and 20% respectively.
  • 2026 guidance was upgraded to low-double-digit revenue growth and $50–$55 million Free Cash Flow, while Adjusted EBITDA and net leverage ratio guidance were reaffirmed.
  • Strategic integration of Arroweye and TRISM acquisitions is on track with over 30 new customer wins for Arroweye and strong retention for TRISM, alongside a U.S. pilot for Karta's chip-embedded technology.
  • Balance sheet strengthened with net leverage declining to 2.6x and record YTD operating cash flow of $57.3 million; a secondary offering concluded Parallel49's 20-year ownership, expanding the public float.
Company
CPI CARD GROUP INC
Sector
Financial Services
Industry
Credit Services