CPI Card Group Inc. — Third Quarter 2026 Earnings Summary

CPI Card Group Inc. reported record third-quarter 2026 revenue of $158.4 million, representing a 15% increase from the prior year, driven by strong performance across its Secure Card, Prepaid, and Integrated Paytech segments. Net income surged 117% to $5.0 million, while Adjusted EBITDA rose 17% to $27.5 million, supported by improved gross margins and favorable segment mix. The company generated record year-to-date cash from operations of $57.3 million and Free Cash Flow of $46.1 million, reducing its Net Leverage Ratio to 2.6x. Consequently, CPI raised its full-year 2026 guidance to anticipate low-double-digit revenue growth and Free Cash Flow between $50 million and $55 million.