Welcome to our dedicated page for CPI Card Group SEC filings (Ticker: PMTS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
CPI Card Group Inc. filings document formal disclosures for a payments technology company serving U.S. card issuers, processors, fintechs and prepaid program managers. Form 8-K reports furnish quarterly and annual earnings releases, Regulation FD presentations, segment realignment information and updates tied to the company's payment card, instant issuance, digital solutions and prepaid activities.
The filing record also includes governance and capital-structure matters. The definitive proxy statement covers board matters, executive compensation, equity awards and shareholder voting items, while material-event filings describe executive transitions, amendments to the company's asset-based revolving credit facility, senior secured note redemptions and related debt obligations.
CPI Card Group Inc. (PMTS) announced leadership changes in its finance organization. Effective August 24, 2026, Brennan Hughes was appointed Chief Accounting Officer, bringing more than 25 years of finance and accounting experience, including senior roles at Artisan Partners Asset Management and Janus Henderson Group.
Hughes’ compensation includes a $350,000 annual base salary, a target annual short-term incentive of $200,000, and a target annual long-term incentive of $200,000. He will also receive a one-time restricted stock unit grant valued at $100,000, vesting in equal annual installments over three years, and a cash sign-on award of $150,000. On August 20, 2026, Donna Abbey Carmignani ceased serving as Controller and Chief Accounting Officer and became eligible for severance under the company’s existing U.S. Executive Severance and Change in Control Guidelines.
CPI Card Group Inc. generated solid top-line growth for the quarter ended June 30, 2026, with revenue of approximately $149.2 million, up 15.0% year over year, and gross margin improving to . Net income increased to about $2.0 million, or $0.17 per diluted share, and quarterly EBITDA rose to roughly $17.9 million.
For the first six months of 2026, revenue grew 17.3% to around $296.3 million. Secure Card Solutions drove most of the expansion, aided by higher contactless card volumes, personalization services, and the Arroweye acquisition, while Prepaid Solutions softened versus a strong prior year. Tariff refunds supported gross profit, partially offset by higher depreciation and increased selling, general and administrative expenses tied to compensation and technology investments.
Liquidity strengthened as operating cash flow rose to about $42.1 million year to date, compared with $9.9 million a year earlier, and cash ended at roughly $21.4 million. Long-term debt stood at $262.1 million, primarily 10.000% Senior Secured Notes due 2029, alongside a stockholders’ deficit of $11.5 million and $92.3 million of available ABL revolver capacity. After quarter-end, the company redeemed $26.5 million of Senior Notes using new ABL borrowings.
CPI Card Group Inc. reported strong second quarter and first half 2026 results and raised its 2026 outlook for revenue growth and Free Cash Flow. Second quarter revenue increased 15% to $149.2 million, driven mainly by Secure Card Solutions. Net income rose 294% to $2.0 million (diluted EPS $0.17), and Adjusted EBITDA grew 7% to $24.1 million.
For the first half of 2026, revenue reached a company record of $296.3 million, up 17.3%. Net income declined 22.6% to $4.1 million due to integration and restructuring costs, while Adjusted EBITDA increased 8.2% to $47.2 million. Free Cash Flow surged to a record $36.1 million from $0.8 million a year earlier, and operating cash flow rose to $42.1 million. The Net Leverage Ratio improved to 2.7x, with total debt of $295.6 million, and the company redeemed $26.5 million of Senior Notes in July.
Secure Card Solutions revenue grew 17% in the quarter to $110.9 million, while Prepaid Solutions rose 18% in Q2 but declined 2.7% for the half. Integrated Paytech grew modestly. CPI acquired TRISM, effectively doubling its U.S. instant issuance addressable market and expanding to serve more than 3,000 financial institutions. 2026 guidance now calls for high-single to low-double-digit revenue growth, low-to-mid single-digit Adjusted EBITDA growth, Free Cash Flow of $45–$50 million, year-end Net Leverage of 2.5x–3.0x, and approximately 20% Integrated Paytech revenue growth.
CPI Card Group Inc. plans to redeem $26.5 million of its outstanding $265.0 million 10.000% senior secured notes due 2029. The notes are scheduled to be redeemed on July 15, 2026 at a redemption price of 103.000% of par plus accrued and unpaid interest, in line with the indenture governing these notes.
Grantham Terra Lee reported acquisition or exercise transactions in this Form 4 filing.
CPI Card Group Inc. reported that Chief Financial Officer Terra Lee Grantham received new equity-based compensation awards. She was granted 5,165 phantom stock units, each economically equivalent to one common share and settling in cash based on average closing price and performance metrics at the end of the performance period.
She also received 16,295 restricted stock units, each representing the right to receive one common share upon vesting. These RSUs vest in three substantially equal installments on June 30, 2027, 2028, and 2029, contingent on her continued service or as otherwise provided in the award agreements.
CPI Card Group Inc. appointed Terra Grantham as Chief Financial Officer effective June 29, 2026. She had been Interim CFO since February 2026 and joined the company in 2017, holding senior roles in strategy, finance, and transformation.
Her compensation includes a $450,000 annual base salary, a 2026 target short-term incentive of $275,000, and a target annual long-term incentive of $400,000. She also received a one-time restricted stock unit award valued at $300,000 on June 30, 2026, vesting in equal annual installments over three years, generally contingent on continued service.
The company issued a press release on July 1, 2026 highlighting Grantham’s background in enterprise strategy, capital allocation, and mergers and acquisitions, and positioning her as a key partner to the CEO, Board, and other stakeholders as CPI pursues growth in physical and digital payment solutions.
CPI Card Group Inc.'s Chief Human Resources Officer Sonya Vollmer reported equity compensation activity in company stock. On June 9, 2026 she exercised 1,184 Restricted Stock Units, receiving the same number of common shares. The company withheld 379 shares at $18.48 solely to cover mandatory tax obligations, which was not an open‑market sale. Following these transactions, she holds 9,420 common shares directly.
CPI Card Group Inc. President and CEO John Lowe reported routine equity-compensation transactions involving restricted stock units. On June 9, 2026, 3,401 restricted stock units vested and were exercised into 3,401 shares of common stock. In connection with this vesting, 1,496 shares of common stock were disposed of at $18.48 per share to satisfy mandatory tax withholding obligations, which the company notes was not an open-market sale. Following these transactions, Lowe directly holds 69,667 shares of common stock.
CPI Card Group Inc.'s Chief Digital Officer Robert Michael Dixon reported routine equity compensation activity involving restricted stock units. On June 9, 2026, 636 restricted stock units were exercised into 636 shares of common stock, reflecting vesting of a prior RSU award.
To cover mandatory tax withholding upon this vesting, 192 shares of common stock were withheld by the company at a value of $18.48 per share, which the filing notes was not an open-market sale. After these transactions, Dixon directly owned 8,747 shares of CPI Card Group common stock.
CPI Card Group Inc. Chief Commercial Officer Margaret O'Leary reported routine equity compensation activity involving restricted stock units. She exercised 2,229 RSUs into an equal number of common shares. To cover mandatory taxes on the vesting, the issuer withheld 641 shares at $18.48 per share, which is not an open-market sale. After these transactions, she holds 30,264 common shares directly and 500 common shares indirectly through her spouse.