Every 10-Q that CPI Card Group Inc. (PMTS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PMTS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PMTS filings page.
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 first-quarter 2026 revenue of $147.1 million, up 19.8% from $122.8 million a year earlier, driven mainly by Secure Card Solutions, including contributions from the Arroweye acquisition and higher volumes of contactless and metal cards.
Despite this growth, net income fell to $2.1 million from $4.8 million, and diluted EPS declined to $0.17 from $0.40 as gross margin compressed to 30.0% and selling, general and administrative expenses increased, including integration and compensation costs. Operating cash flow improved to $13.6 million, and the company ended the quarter with $19.3 million in cash and long-term debt of $276.9 million.
CPI Card Group Inc. (PMTS) reported Q3 2025 results with total net sales of $137,966 (up 10.6% year over year). Products contributed $84,453 and Services $53,513. Gross profit was $40,993 and gross margin declined to 29.7%, reflecting a negative sales mix and higher tariffs and depreciation. Net income was $2,308, or $0.19 diluted EPS.
Year-to-date, net sales were $390,480 and net income $7,600. The company closed the $45.8 million Arroweye acquisition in May, contributing to Product sales. On July 15, it redeemed $20.0 million of 10.000% Senior Notes at 103.000%. The ABL Revolver was amended on July 2 to $100.0 million, with $47,000 outstanding as of September 30. Cash was $15,955; long-term debt was $308,433 (including $265,000 Senior Notes). Shares outstanding were 11,387,538 as of October 28, 2025.
CPI Card Group (PMTS) Q2-25 10-Q highlights
- Revenue: Q2 net sales rose 9.2% YoY to $129.8 M; 1H-25 up 9.4% to $252.5 M, led by Debit & Credit (+15.9% YoY).
- Profitability: Q2 gross margin compressed to 30.9% (-4.8 pp); operating income fell 37% to $9.4 M; net income plunged 91% to $0.5 M (EPS $0.04 vs $0.51). 1H net income declined 54% to $5.3 M.
- Drivers: Higher material costs, $2.3 M Arroweye acquisition costs, and a 24% jump in interest expense (10% senior notes issued Jul-24) pressured earnings. Effective tax rate spiked to 61.4% due to non-deductible items.
- Cash & leverage: Operating cash flow improved to $9.9 M, but cash fell to $17.1 M after $42.4 M Arroweye purchase and $9.1 M capex. Long-term debt rose to $310.9 M; net debt/EBITDA now ~4.4×.
- Balance sheet: Total assets +14% to $399.8 M; stockholders’ deficit narrowed to $(29.0) M. Goodwill/intangibles up $13.5 M from Arroweye.
- Segments: Q2 Debit & Credit gross profit $34.6 M (+1.4% YoY) with 31.3% margin; Prepaid Debit margin slipped to 28.5%.
- Subsequent events: ABL revolver upsized to $100 M (from $75 M) on 2-Jul-25; $20 M of senior notes redeemed at 103% on 15-Jul-25.
- Outlook factors: Integration of Arroweye, shift to point-in-time revenue recognition, elevated interest costs, and leverage management will influence forward earnings.