CPI Card Group Inc. (PMTS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.46	$0.43	-6.5%	—	$149.2M	—
Q1 26	$0.4	$0.41	+2.5%	—	$147.1M	—
Q4 25	$0.69	$1.48	+114.5%	—	$153.1M	—
Q3 25	$0.62	$0.45	-27.4%	—	$138M	—
Q2 25	$0.69	$0.29	-58.0%	—	$129.8M	—
Q1 25	$0.69	$0.47	-31.9%	—	$122.8M	—
Q4 24	$0.72	$0.58	-19.4%	—	$125.1M	—
Q3 24	$0.55	$0.52	-5.5%	—	$124.8M	—
Q2 24	$0.65	$0.57	-12.3%	—	$118.8M	—
Q1 24	$0.55	$0.47	-14.5%	—	$111.9M	—
Q4 23	$0.32	$0.22	-31.3%	—	$102.9M	—
Q3 23	$0.5	$0.33	-34.0%	—	$105.9M	—
Q2 23	$0.33	$0.55	+66.7%	—	$115M	—
Q1 23	$0.6	$0.91	+51.7%	—	$120.9M	—
Q4 22	$0.37	$1.06	+186.5%	—	$126.4M	—
Q3 22	$0.58	$1.01	+74.1%	—	$124.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.32	—	—	$543.5M	—
FY24	—	$1.75	—	—	$480.6M	—
FY23	—	$2.1	—	—	$444.5M	—
FY22	—	$3.24	—	—	$475.7M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$308.7M	$223.7M	$255.8M	$278.1M	$312.2M	$375.1M	$475.7M	$444.5M	$480.6M	$543.5M
YoY change	-17.5%	-27.5%	+14.3%	+8.7%	+12.3%	+20.2%	+26.8%	-6.56%	+8.11%	+13.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	308.7M	223.7M	255.8M	278.1M	312.2M	375.1M	475.7M	444.5M	480.6M	543.5M
Cost of revenue	206.8M	155.5M	177.2M	187M	201.9M	233.7M	300M	289.1M	309.4M	373.4M
Gross profit	101.9M	68.2M	78.6M	91.1M	110.3M	141.4M	175.8M	155.5M	171.2M	170.1M
Gross margin	33%	30.5%	30.7%	32.8%	35.3%	37.7%	36.9%	35%	35.6%	31.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	64M	62.2M	68M	66.3M	65.8M	75.7M	90.8M	88.3M	103.4M	115.3M
Operating expenses	64M	62.2M	68M	66.3M	65.8M	75.7M	90.8M	88.3M	103.4M	115.3M
Operating income	31.7M	-226K	4.6M	18.7M	38.4M	59.5M	79.1M	61.6M	62.8M	54.8M
Operating margin	10.3%	-0.1%	1.79%	6.73%	12.3%	15.9%	16.6%	13.9%	13.1%	10.1%
Non-operating income, net	-3.1M	-18.5M	-295K	4.7M	-109K	-5M	-367K	-215K	-3.7M	-635K
Pretax income	8.5M	-39.6M	-19.1M	-1.5M	12.9M	23.8M	49.1M	34.5M	25M	21.7M
Income tax	3.1M	-16.5M	-4.3M	3.5M	-3.3M	7.9M	12.6M	10.5M	5.5M	6.7M
Net income	5.4M	-22M	-37.5M	-5.1M	16.1M	15.9M	36.5M	24M	19.5M	14.9M
Net margin	1.75%	-9.84%	-14.6%	-1.84%	5.17%	4.25%	7.68%	5.4%	4.06%	2.75%
EBITDA	51.7M	16.7M	23M	36M	55.2M	79.6M	93.6M	77.3M	82.2M	77.6M
EPS	0.5	-1.98	-3.36	-0.4	1.44	1.42	3.24	2.1	1.75	1.32
Diluted EPS	0.5	-1.98	-3.36	-0.4	1.44	1.36	3.11	2.01	1.64	1.25

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	105.9M	102.9M	111.9M	118.8M	124.8M	125.1M	122.8M	129.8M	138M	153.1M	147.1M	149.2M
Cost of revenue	69.7M	67.5M	70.4M	76.4M	80.1M	82.5M	82.1M	89.6M	97M	104.8M	103M	100.7M
Gross profit	36.2M	35.4M	41.5M	42.4M	44.7M	42.6M	40.7M	40.1M	41M	48.3M	44.1M	48.5M
Gross margin	34.1%	34.4%	37.1%	35.7%	35.8%	34.1%	33.2%	30.9%	29.7%	31.5%	30%	32.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	21.8M	23.5M	26M	26.2M	25.7M	25.5M	25.5M	29.3M	26.5M	34M	33.1M	36.6M
Operating expenses	21.8M	23.5M	26M	26.2M	25.7M	25.5M	25.5M	29.3M	26.5M	34M	33.1M	36.6M
Operating income	13M	10.5M	14.1M	14.9M	17.8M	15.9M	14.1M	9.4M	13M	18.3M	11M	11.9M
Operating margin	12.2%	10.2%	12.6%	12.5%	14.3%	12.7%	11.5%	7.26%	9.44%	12%	7.47%	7.95%
Non-operating income, net	-53K	30K	-65K	-78K	-3.5M	-14K	18K	-13K	-529K	-111K	32K	-35K
Pretax income	6.2M	3.9M	7.7M	8.3M	819K	8.3M	6.4M	1.3M	3.7M	10.2M	3.4M	4.4M
Income tax	2.3M	1.2M	2.2M	2.3M	-474K	1.5M	1.7M	823K	1.4M	2.7M	1.2M	2.1M
Net income	3.9M	2.7M	5.5M	6M	1.3M	6.8M	4.8M	518K	2.3M	7.3M	2.1M	2M
Net margin	3.64%	2.66%	4.87%	5.05%	1.04%	5.41%	3.89%	0.4%	1.67%	4.8%	1.4%	1.37%
EBITDA	16.9M	14.6M	18.1M	19M	21.4M	23.8M	18.4M	14.9M	18.9M	25.4M	17.4M	18.2M
EPS	0.34	—	0.48	0.54	0.12	0.61	0.42	0.05	0.2	0.64	0.18	0.18
Diluted EPS	0.33	—	0.46	0.51	0.11	0.57	0.4	0.04	0.19	0.62	0.17	0.17

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	40.8M	25.5M	10.1M	49.3M	208.5M	407.4M	219.3M	333.4M	166.3M	287.4M
Enterprise value	—	321.5M	311.6M	303.7M	332.8M	495.5M	687.6M	479.2M	589.3M	443.7M	585M
Shares outstanding	10.8M	11.1M	11.1M	11.2M	11.2M	11.2M	11.3M	11.4M	11.2M	11.3M	11.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	3.06	13.1	11.1	9.14	17.1	11.1	21.4
P/S	—	0.18	0.1	0.04	0.16	0.56	0.86	0.49	0.69	0.31	0.49
P/B	—	-0.34	-0.17	-0.07	-0.36	-1.72	-4.96	-4.22	-9.36	-9.59	-24.8
EV/EBITDA	—	19.2	13.5	8.45	6.03	6.22	7.34	6.2	7.17	5.72	7.58
EV/Sales	—	1.44	1.22	1.09	1.07	1.32	1.45	1.08	1.23	0.82	1
Earnings yield	—	—	—	—	32.7%	7.65%	8.97%	10.9%	5.86%	8.99%	4.67%
FCF yield	—	-11.9%	-8.28%	-13.2%	30.3%	4.87%	3.31%	12.6%	10.2%	24.9%	21.2%
PEG	—	—	—	—	—	—	—	—	—	—	0.08

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	33%	30.5%	30.7%	32.8%	35.3%	37.7%	36.9%	35%	35.6%	31.3%	32.5%
Operating margin	10.3%	-0.1%	1.79%	6.73%	12.3%	15.9%	16.6%	13.9%	13.1%	10.1%	5.61%
Net margin	1.75%	-9.84%	-14.6%	-1.84%	5.17%	4.25%	7.68%	5.4%	4.06%	2.75%	2.34%
ROE	-5.67%	18.4%	25%	3.32%	-11.7%	-13.2%	-44.5%	-46.2%	-54.8%	-86.3%	-86.3%
ROA	2.04%	-9.41%	-18.1%	-2.4%	6.06%	5.95%	12.3%	8.17%	5.58%	3.71%	8.17%
ROIC	11.8%	-0.14%	3.36%	13.4%	26.4%	24%	29.7%	20.6%	22.2%	14.6%	14.7%
Return on tangible assets	19.5%	-37%	-89.1%	-8.96%	13.5%	12.2%	22%	14%	8.33%	5.57%	5.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.62	2.91	2.05	2.21	2.68	2.25	2.46	3.34	2.69	2.44	2.09
Quick ratio	2.07	2.52	1.81	1.73	2.24	1.35	1.46	1.92	1.72	1.58	1.39
Debt / equity	-3.17	-2.54	-2.05	-2.02	-2.47	-2.54	-3.55	-5.24	-8.13	-17.3	-0.28
Debt / assets	1.14	1.3	1.48	1.47	1.28	1.15	0.98	0.93	0.83	0.74	0.7
Net debt / EBITDA	5.12	16.8	12.4	8.16	5.14	3.61	2.99	3.36	3.11	3.58	3.18
Interest coverage	1.58	-0.9	0.18	0.94	1.51	1.94	2.66	2.28	—	—	—
Effective tax rate	36.8%	0%	0%	0%	0%	33.1%	25.7%	30.4%	22%	30.6%	34.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	28.6	20.1	22.9	24.8	27.8	33.4	42.1	38.9	43.1	48	51.4
EPS (basic)	0.5	-1.98	-3.36	-0.4	1.44	1.42	3.24	2.1	1.75	1.32	1.32
EPS (diluted)	0.5	-1.98	-3.36	-0.4	1.44	1.36	3.11	2.01	1.64	1.25	1.15
Book value per share	-8.82	-10.8	-13.4	-13.8	-12.3	-10.8	-7.27	-4.55	-3.19	-1.53	-1
FCF per share	4.23	-0.43	-0.19	-0.12	1.33	0.9	1.19	2.42	3.05	3.65	6.36
Cash per share	3.42	2.09	1.82	1.67	5.13	1.84	0.98	1.09	3.01	1.92	1.85
Capex per share	1.32	0.65	0.51	0.37	0.63	—	—	—	—	1.6	1.26

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.63%	3.25%	2.2%	1.5%	2.27%	—	—	—	—	3.34%	2.58%
Capex / operating cash flow	26.2%	-46%	-447.9%	61.6%	38.3%	—	—	—	—	30.5%	16.5%
Payout ratio	139.3%	-34.3%	0%	—	—	—	—	—	—	—	0%
Dividend yield	—	18.5%	0%	—	—	—	—	—	—	—	3.64%

Yield

3.64%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.125

ex-dividend Jun 14, 2017

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 14, 2017	$1.125
Mar 15, 2017	$1.125
Dec 14, 2016	$1.125
Sep 14, 2016	$1.125
Jun 14, 2016	$1.125

Split history

Date	Ratio
Dec 20, 2017	1:5

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$105.9M	$102.9M	$111.9M	$118.8M	$124.8M	$125.1M	$122.8M	$129.8M	$138M	$153.1M	$147.1M	$149.2M
YoY change	-15%	-18.6%	-7.38%	+3.36%	+17.8%	+21.6%	+9.67%	+9.2%	+10.6%	+22.3%	+19.8%	+15%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	37M	23.2M	20.3M	18.7M	57.6M	20.7M	11M	12.4M	33.5M	21.7M
Receivables	31.5M	32.6M	36.4M	39M	44.3M	50M	68.9M	69.2M	78.5M	95.9M
Inventory	19.4M	13.8M	9.8M	20.2M	24.8M	58M	68.4M	70.6M	72.7M	72.2M
Total current assets	92.4M	102.1M	84.5M	92.2M	152.5M	145.7M	167.6M	165.4M	203M	204.9M
Property, plant & equipment	51.3M	44.4M	39.1M	41.6M	39.4M	47.3M	57.2M	63.1M	68.6M	108.4M
Goodwill & intangibles	236.7M	174.5M	165.2M	155.9M	146.7M	138M	130.3M	122.5M	115.3M	134.6M
Total assets	264.4M	234M	207.2M	213M	266.2M	268.1M	296.7M	293.7M	349.7M	403.2M
Accounts payable	11M	13.2M	16.5M	16.5M	18.9M	26.4M	24.4M	12.8M	16.1M	27.8M
Short-term debt	—	—	521K	4.5M	12.4M	4.1M	5.7M	7.3M	9.1M	12.5M
Total current liabilities	35.3M	35M	41.3M	41.7M	56.9M	64.8M	68M	49.4M	75.6M	84.1M
Long-term debt	301.9M	303.9M	305.8M	307.8M	328.7M	303.6M	285.5M	265M	280.4M	286.7M
Total liabilities	359.7M	353.6M	356.8M	367.3M	404.2M	389.2M	378.7M	345.6M	385.3M	420.5M
Shareholders' equity	-95.3M	-119.6M	-149.6M	-154.3M	-138M	-121M	-82.1M	-51.9M	-35.6M	-17.3M
Total debt	301.9M	303.9M	306.3M	312.3M	341.1M	307.7M	291.2M	272.3M	289.5M	299.1M
Net debt	265M	280.7M	286M	293.6M	283.5M	287.1M	280.2M	259.9M	255.9M	277.4M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	10.5M	12.4M	17.1M	7.5M	14.7M	33.5M	31.5M	17.1M	16M	21.7M	19.3M	21.4M
Receivables	58.4M	69.2M	59.8M	68.2M	71.7M	78.5M	67M	87.9M	91M	95.9M	88.7M	88.4M
Inventory	74.1M	70.6M	83.4M	85.9M	92.3M	72.7M	75.3M	83.9M	85.1M	72.2M	65.5M	62.9M
Total current assets	160.8M	165.4M	180.9M	179.7M	198.8M	203M	192.6M	204.3M	211.3M	204.9M	188.9M	188.2M
Property, plant & equipment	62.6M	63.1M	61M	60.8M	64.1M	68.6M	80.3M	104.8M	106.3M	108.4M	106.7M	105.2M
Goodwill & intangibles	124.5M	122.5M	120.6M	118.8M	117M	115.3M	113.6M	138.3M	140.8M	134.6M	132.6M	144.9M
Total assets	292.1M	293.7M	319.8M	321.4M	342.3M	349.7M	351.9M	399.8M	407.1M	403.2M	386.5M	390.4M
Accounts payable	16.9M	12.8M	23.6M	20.3M	21.5M	16.1M	22.1M	24.6M	29.4M	27.8M	22.5M	30.6M
Short-term debt	6.7M	7.3M	7.2M	7.4M	8.3M	9.1M	9.8M	11.6M	12.3M	12.5M	12.9M	13M
Total current liabilities	45.6M	49.4M	74M	68.9M	75.1M	75.6M	65.2M	79M	82.5M	84.1M	74.3M	90.1M
Long-term debt	272.7M	265M	265.3M	269.7M	280.2M	280.4M	280.7M	310.9M	308.4M	286.7M	276.9M	262.1M
Total liabilities	348.8M	345.6M	368.2M	366M	385.1M	385.3M	381.6M	428.8M	432.7M	420.5M	400.5M	401.9M
Shareholders' equity	-56.7M	-51.9M	-48.5M	-44.6M	-42.8M	-35.6M	-29.7M	-29M	-25.7M	-17.3M	-14M	-11.5M
Total debt	279.3M	272.3M	272.5M	277M	288.5M	289.5M	290.4M	322.5M	320.7M	299.1M	289.8M	275.2M
Net debt	268.8M	259.9M	255.4M	269.6M	273.8M	255.9M	258.9M	305.4M	304.8M	277.4M	270.5M	253.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	5.4M	-22M	-37.5M	-5.1M	16.1M	15.9M	36.5M	24M	19.5M	14.9M
Depreciation & amortization	16.9M	16.9M	18.4M	17.3M	16.8M	15.1M	14.9M	15.9M	16.4M	22.5M
Stock-based compensation	3.6M	2M	961K	250K	136K	1.3M	3.5M	7.5M	8.5M	7M
Change in working capital	28.1M	-4.2M	-1.2M	-8.8M	-20.9M	-23.8M	-28.1M	-10M	-9.4M	9.8M
Operating cash flow	54.6M	-15.8M	-1.3M	6.8M	18.5M	8.9M	31.3M	39M	32.7M	59.5M
Capital expenditure	-14.3M	-7.3M	-5.6M	-4.2M	-7.1M	—	—	—	—	-18.2M
Investing cash flow	-14.3M	-7.3M	-5.6M	-2.6M	-7.1M	156K	95K	183K	36K	-65.1M
Dividends paid	-7.5M	-7.5M	0	—	—	—	—	—	—	—
Share repurchases	-6M	0	—	—	—	—	0	-250K	-8.7M	0
Financing cash flow	-21.9M	-7.9M	-519K	-1.9M	24M	-77.2M	-23.2M	-26.4M	-13M	-6.2M
Net change in cash	18.3M	-30.9M	-7.4M	2.3M	35.4M	-68.2M	8.3M	12.7M	19.8M	-11.8M
Free cash flow	45.7M	-4.8M	-2.1M	-1.3M	14.9M	10.2M	13.5M	27.6M	34.1M	41.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	3.9M	2.7M	5.5M	6M	1.3M	6.8M	4.8M	518K	2.3M	7.3M	2.1M	2M
Depreciation & amortization	4M	4.1M	4M	4M	4.2M	4.2M	4.2M	5.5M	6.1M	6.6M	6.4M	6.3M
Stock-based compensation	2.6M	3.1M	3.1M	2.1M	1.8M	1.6M	1.7M	1.4M	1.5M	2.4M	1.4M	1.3M
Change in working capital	2.4M	-5M	3.9M	-13.1M	-10.3M	10.1M	13.2M	-11.6M	-758K	9M	10.9M	7.8M
Operating cash flow	13.6M	4.1M	16.7M	-2.2M	-2.7M	20.9M	23.9M	4.3M	10M	39.6M	13.6M	28.5M
Capital expenditure	—	—	—	—	—	—	—	-3.8M	-4.7M	-4.4M	-3.5M	-2.6M
Investing cash flow	55K	0	—	—	—	35K	50K	-3.8M	-4.7M	-9M	-3.5M	-2.6M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	-1.3M	-5.2M	-2.2M	0	0	0	0	0	—	—
Financing cash flow	-23.2M	-9.3M	-2.6M	-3.7M	-3.9M	-2.7M	-2.4M	-7.5M	-6.5M	-24.9M	-12.5M	-17.8M
Net change in cash	-9.5M	-5.2M	14.1M	-5.8M	-6.6M	18.2M	21.6M	-7M	-1.2M	5.7M	-2.4M	8.1M
Free cash flow	12.5M	11.4M	7.4M	-6M	11.1M	21.6M	292K	533K	5.3M	35.2M	10.1M	25.9M

CPI Card Group Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement