Welcome to our dedicated page for CPI Card Group news (Ticker: PMTS), a resource for investors and traders seeking the latest updates and insights on CPI Card Group stock.
CPI Card Group Inc. reports developments for a payments technology company that provides physical and digital payment solutions to U.S. financial institutions, processors, fintechs, prepaid program managers and related customers. Company updates center on payment card revenue drivers, contactless card demand, personalization services, prepaid card and secure packaging activity, and digital issuance tools such as the Card@Once® software-as-a-service instant issuance platform.
Recurring news also covers the integration of Arroweye, CPI's acquired on-demand payment card solutions business, customer and channel alliances with payments and credit union service organizations, digital wallet push provisioning initiatives, leadership changes, segment strategy and periodic financial results.
CPI Card Group (PMTS) closed a previously announced registered underwritten secondary public offering of 2,687,921 common shares by stockholders affiliated with Parallel49 Equity at a public offering price of $21.50 per share.
The total includes 350,598 shares sold through the full exercise of the underwriters’ option to purchase additional shares. Gross proceeds to the selling stockholders were approximately $57.8 million before underwriting discounts and expenses, and the company did not receive any proceeds. B. Riley Securities and D.A. Davidson & Co. were joint book-running managers, with Lake Street Capital Markets as co-manager. The shares were offered under an effective Form S-3 registration statement and final prospectus supplement filed with the SEC.
CPI Card Group (PMTS) priced a registered underwritten secondary public offering of 2,337,323 common shares held by Parallel49 Equity affiliates at $21.50 per share. The offering is expected to close on or about September 14, 2026, subject to customary conditions.
The underwriters have a 30-day option to buy up to an additional 350,598 shares from the selling stockholders at the public price, less underwriting discount. Total gross proceeds to the selling stockholders, assuming no option exercise, are expected to be about $50.3 million. CPI is not selling any shares in this transaction and will not receive proceeds. B. Riley Securities and D.A. Davidson & Co. are joint book-running managers, with Lake Street Capital Markets as co-manager.
CPI Card Group (PMTS)/b) announced that stockholders affiliated with Parallel49 Equity have launched an underwritten secondary public offering of 2,337,323 shares of the Company’s common stock.The selling stockholders also expect to grant underwriters a 30-day option to purchase up to an additional 350,598 shares. The offering’s completion, size and terms remain subject to market conditions. All proceeds will go to the selling stockholders; the Company is not issuing shares and will not receive any proceeds. B. Riley Securities and D.A. Davidson & Co. are joint book running managers. The shares are registered on an effective Form S-3, with a preliminary prospectus supplement filed with the SEC.
CPI (NASDAQ: PMTS) announced the appointment of Brennan Hughes as Chief Accounting Officer, effective August 24, 2026. Hughes has more than 25 years of finance and accounting leadership experience, most recently serving as Director of Finance and Head of Investor Relations at Artisan Partners Asset Management.
Before Artisan Partners, Hughes spent nearly two decades at Janus Capital Group and Janus Henderson Group, including roles as Senior Vice President, Chief Accounting Officer and Treasurer, overseeing global accounting and treasury operations. According to CPI, his technical accounting expertise and public company background are expected to support the company’s long-term growth objectives. Hughes holds a Master of Accountancy and a Bachelor of Science in Accounting from the University of Denver and is a Certified Public Accountant.
CPI Card Group (Nasdaq: PMTS) reported second quarter 2026 revenue of $149.2 million, up 15% year over year, led by Secure Card Solutions. Net income rose 294% to $2.0 million ($0.17 diluted EPS) and Adjusted EBITDA increased 7% to $24.1 million, aided by more than $3 million of tariff refunds.
First-half 2026 revenue grew 17% to a record $296.3 million, while net income declined 23% to $4.1 million due to $5.9 million of integration costs, and Adjusted EBITDA rose 8% to $47.2 million. Free Cash Flow reached a record $36.1 million versus $0.8 million a year earlier, driving a Net Leverage Ratio improvement to 2.7x. The company raised 2026 guidance to high-single- to low-double-digit revenue growth and Free Cash Flow of $45–$50 million, and lifted Integrated Paytech revenue growth guidance to about 20%, supported by the TRISM acquisition and ongoing Arroweye integration.
CPI (NASDAQ: PMTS) will report its second quarter 2026 financial results on Thursday, August 6, 2026, at 9:00 a.m. ET. Results will be released before the market opens, with an earnings presentation and live webcast available on the company’s Investor Relations website and via dial-in conference.
CPI (NASDAQ: PMTS), a payments technology company, appointed Terra Grantham as Chief Financial Officer, effective immediately. She had served as Interim CFO since February.
Since joining CPI in 2017, Grantham has led enterprise strategy and growth, contributing to digital transformation, capital allocation, and M&A initiatives, according to the company.
CPI (NASDAQ: PMTS) acquired the TRISM on-premise instant issuance solution assets from HID Global, expanding its market-leading instant issuance platform to over 3,000 financial institutions.
The all-cash deal, closed June 23, 2026, adds recurring revenue, is expected to lift 2026 IPT segment revenue growth to about 20%, maintain IPT-like gross margins, and become EPS accretive roughly 12 months post-close, after one-time integration costs. CPI funded the transaction with cash on hand and does not expect any impact on net leverage.
CPI Card Group (Nasdaq: PMTS) reported Q1 2026 revenue of $147.1M, up 20% year‑over‑year, drove by Arroweye contribution and contactless card sales. Net income fell 57% to $2.1M due chiefly to $3M of Arroweye integration costs; Adjusted EBITDA rose 9% to $23.2M. The company affirmed 2026 guidance: high single‑digit revenue growth, low‑to‑mid single‑digit Adjusted EBITDA growth, and year‑end net leverage target of 2.5x–3.0x.
CPI Card Group (Nasdaq: PMTS) announced a partnership with Street Charity® to launch a single-use paper prepaid card program to fight hunger. CPI donated 25,000 paper cards and a monetary contribution to support a national rollout and moved from plastic to eco-focused paper cards.
According to the company, this effort coincides with ICMA EXPO 2026 and builds on CPI’s production of nearly 100 million eco-focused paper payment cards since 2022 to enable large-scale distribution to crisis centers, shelters, and nonprofit partners.