CPI Card Group (PMTS) Stock News

CPI Card Group (PMTS) renewed a multi-year service agreement with Vericast, continuing as its preferred supplier of payment solutions.

The relationship is entering its 24th year. The agreement covers physical cards and integrated payment technology, including Card@Once instant issuance. CPI and Vericast also offer banks and credit unions centralized card personalization and fulfillment. In a 2025 Vericast survey, 74% of respondents said receiving a credit or debit card instantly at their financial institution was important.

CPI (PMTS) announced a partnership with digital banking provider Bankjoy to offer CPI Push Provisioning to community banks and credit unions.

Bankjoy’s clients will be able to let customers add eligible debit and credit cards to digital wallets directly from banking apps and online portals, enabling immediate access to card credentials and reducing disruptions when cards are reissued. CPI cites internal data indicating issuers that adopt push provisioning can increase activation rates by 15–20%, and a 2025 survey in which 71% of consumers aged 18–37 found it appealing for financial institutions to add new payment information to their digital wallets.

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.