Quarterly ResultMay 5, 2026, 07:03 AM
CPI Card Group Q1 Revenue +20% to $147.1M; Net Income -57% to $2.1M
AI Summary
CPI Card Group Inc. reported solid first-quarter 2026 financial results, with revenue increasing 20% to $147.1 million, surpassing expectations due to the Arroweye acquisition and increased contactless card sales. Net income, however, decreased 57% to $2.1 million, primarily due to $3 million in non-recurring integration costs related to Arroweye. Adjusted EBITDA saw a 9% increase to $23.2 million, and the company affirmed its full-year 2026 outlook, projecting high single-digit revenue growth and low-to-mid single-digit Adjusted EBITDA growth.
Key Highlights
- Revenue increased 20% to $147.1 million, exceeding expectations.
- Net income decreased 57% to $2.1 million, impacted by $3 million in integration costs.
- Adjusted EBITDA increased 9% to $23.2 million.
- Secure Card Solutions revenue grew 35% to $109.9 million, driven by Arroweye.
- Prepaid Solutions revenue decreased 17% to $22.0 million.
- Integrated Paytech segment revenue increased 1% to $19.4 million.
- Generated $10.1 million in Free Cash Flow and reduced ABL borrowings by $10 million.
- Affirmed 2026 outlook: high single-digit revenue growth and low-to-mid single-digit Adjusted EBITDA growth.