PMTS

MKT CAP:$204M

CPI Card Group Inc.

Market Cap

$204M

Financial Services·Financial - Credit Services·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$17.67+$3.45 (+24.26%)

Apr 23, 2026

Company Details

CPI Card Group Inc., together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit...

CEO

John D. Lowe

IPO Date

Oct 8, 2015

Website

www.cpicardgroup.com

Key Metrics TTM

Revenue

$544M

+13.1% YoY

Net Income

$15M

EPS (Diluted)

$1.25

Free Cash Flow

$37M

Revenue / Share

$45.95

Gross Margin

31.3%

Operating Margin

10.1%

Net Margin

2.8%

FCF Margin

6.7%

P/S

0.4x

P/E

13.6x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Mar 5, 2026

$544M+13.1%EPS $1.25

Q4 2025

Mar 5, 2026

$153M+22.3%EPS $0.62

Q3 2025

Nov 4, 2025

$138M+10.6%EPS $0.19

Q2 2025

Aug 8, 2025

$130M+9.2%EPS $0.04

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$111M	$39M	$18M
Q2 22	$113M	$41M	$15M
Q3 22	$125M	$48M	$23M
Q4 22	$126M	$47M	$23M
Q1 23	$121M	$43M	$21M
Q2 23	$115M	$41M	$17M
Q3 23	$106M	$36M	$13M
Q4 23	$103M	$34M	$11M
Q1 24	$112M	$40M	$14M
Q2 24	$119M	$42M	$15M
Q3 24	$125M	$45M	$18M
Q4 24	$125M	$43M	$16M
Q1 25	$123M	$41M	$14M
Q2 25	$130M	$40M	$9M
Q3 25	$138M	$41M	$13M
Q4 25	$153M	$48M	$18M

Valuation

Quarter	P/S	P/E
Q1 22	0.5x	10.4x
Q2 22	0.5x	10.5x
Q3 22	0.5x	8.2x
Q4 22	0.4x	5.6x
Q1 23	0.4x	4.9x
Q2 23	0.4x	4.9x
Q3 23	0.4x	6.0x
Q4 23	0.5x	8.5x
Q1 24	0.5x	11.0x
Q2 24	0.5x	11.3x
Q3 24	0.4x	13.2x
Q4 24	0.4x	10.4x
Q1 25	0.4x	10.8x
Q2 25	0.4x	15.2x
Q3 25	0.4x	14.2x
Q4 25	0.4x	13.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$16M	-$19M
Q2 22	$8M	$3M
Q3 22	$20M	$14M
Q4 22	$20M	$16M
Q1 23	$8M	$4M
Q2 23	$2M	-$128.0K
Q3 23	$12M	$12M
Q4 23	$12M	$11M
Q1 24	$9M	$7M
Q2 24	-$5M	-$6M
Q3 24	$13M	$11M
Q4 24	$27M	$22M
Q1 25	$6M	$292.0K
Q2 25	$4M	$533.0K
Q3 25	$10M	$5M
Q4 25	$40M	$30M

Capital Expenditures

Quarter	CapEx
Q1 22	$3M
Q2 22	$5M
Q3 22	$6M
Q4 22	$3M
Q1 23	$4M
Q2 23	$2M
Q3 23	$518.0K
Q4 23	$329.0K
Q1 24	$2M
Q2 24	$1M
Q3 24	$1M
Q4 24	$5M
Q1 25	$5M
Q2 25	$4M
Q3 25	$5M
Q4 25	$9M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+25.1%	+31.0%
Q2 22	+21.6%	+26.9%
Q3 22	+25.1%	+22.0%
Q4 22	+35.7%	+23.6%
Q1 23	+8.5%	+7.3%
Q2 23	+1.5%	-0.8%
Q3 23	-15.0%	-8.1%
Q4 23	-18.6%	-11.0%
Q1 24	-7.4%	-2.5%
Q2 24	+3.4%	+6.6%
Q3 24	+17.8%	+15.1%
Q4 24	+21.6%	+18.2%
Q1 25	+9.7%	+11.1%
Q2 25	+9.2%	+15.8%
Q3 25	+10.6%	+16.8%
Q4 25	+22.3%	+23.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$961.0K	0.9%
Q2 22	$1M	0.9%
Q3 22	$966.0K	0.8%
Q4 22	$551.0K	0.4%
Q1 23	$541.0K	0.4%
Q2 23	$1M	1.1%
Q3 23	$3M	2.5%
Q4 23	$3M	3.0%
Q1 24	$3M	2.7%
Q2 24	$2M	1.8%
Q3 24	$0	0.0%
Q4 24	$2M	1.3%
Q1 25	$2M	1.4%
Q2 25	$1M	1.1%
Q3 25	$0	0.0%
Q4 25	$2M	1.6%

OpEx Breakdown

Quarter	SG&A
Q1 22	$20M
Q2 22	$24M
Q3 22	$23M
Q4 22	$23M
Q1 23	$21M
Q2 23	$22M
Q3 23	$22M
Q4 23	$24M
Q1 24	$26M
Q2 24	$26M
Q3 24	$26M
Q4 24	$25M
Q1 25	$25M
Q2 25	$29M
Q3 25	$26M
Q4 25	$30M

Revenue Segments

Quarter	Products	Services
Q1 22	$68M	$43M
Q2 22	$69M	$44M
Q3 22	$72M	$53M
Q4 22	$72M	$54M
Q1 23	$76M	$45M
Q2 23	$64M	$51M
Q3 23	$56M	$50M
Q1 24	$58M	$54M
Q2 24	$64M	$55M
Q3 24	$70M	$55M
Q4 24	$58M	$67M
Q1 25	$69M	$54M
Q2 25	$81M	$49M
Q3 25	$84M	$54M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$12M	$0	$12M
Q2 22	$9M	$0	$9M
Q3 22	$22M	$0	$22M
Q4 22	$11M	$0	$11M
Q1 23	$14M	$0	$14M
Q2 23	$11M	$0	$11M
Q3 23	$10M	$0	$10M
Q4 23	$12M	$0	$12M
Q1 24	$17M	$0	$17M
Q2 24	$7M	$0	$7M
Q3 24	$15M	$0	$15M
Q4 24	$34M	$0	$34M
Q1 25	$32M	$0	$32M
Q2 25	$17M	$0	$17M
Q3 25	$16M	$0	$16M
Q4 25	$22M	$0	$22M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	12M	-0.5%	+0.7%
Q2 22	12M	+0.0%	-0.3%
Q3 22	12M	+0.6%	-0.1%
Q4 22	12M	+0.1%	+0.2%
Q1 23	12M	+0.8%	+1.6%
Q2 23	12M	-0.2%	+1.3%
Q3 23	12M	-0.4%	+0.3%
Q4 23	12M	-0.4%	-0.2%
Q1 24	12M	-0.1%	-1.1%
Q2 24	12M	+0.1%	-0.8%
Q3 24	12M	+0.8%	+0.4%
Q4 24	12M	+0.5%	+1.2%
Q1 25	12M	+0.7%	+2.0%
Q2 25	12M	-0.7%	+1.3%
Q3 25	12M	-0.6%	-0.2%
Q4 25	12M	-0.2%	-0.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$96.9K	1K
Q2 22	$98.5K	1K
Q3 22	$108.3K	1K
Q4 22	$92.0K	1K
Q1 23	$87.9K	1K
Q2 23	$83.6K	1K
Q3 23	$77.0K	1K
Q4 23	$71.0K	1K
Q1 24	$77.3K	1K
Q2 24	$82.1K	1K
Q3 24	$86.2K	1K
Q4 24	$83.4K	2K
Q1 25	$81.8K	2K
Q2 25	$86.5K	2K
Q3 25	$92.0K	2K
Q4 25	$90.0K	2K

Revenue / Employee