Quarterly ResultAug 6, 2026, 07:08 AM
CPI Card Group Q2 Revenue +15% to $149M; Net Income +294%
AI Summary
CPI Card Group Inc. reported strong financial results for the second quarter ended June 30, 2026, with revenue increasing 15% to $149.2 million and net income surging 294% to $2.0 million. Adjusted EBITDA also grew 7% to $24.1 million. The company raised its 2026 financial guidance for revenue growth and Free Cash Flow, while reaffirming other targets. Additionally, CPI acquired TRISM to expand its instant issuance market leadership and improved its Net Leverage Ratio to 2.7x, redeeming $26.5 million of Senior Notes.
Key Highlights
- Q2 2026 revenue increased 15% to $149.2 million.
- Q2 2026 net income increased 294% to $2.0 million.
- Q2 2026 Adjusted EBITDA increased 7% to $24.1 million.
- Raised 2026 revenue growth guidance to high-single-digit to low-double-digit.
- Increased 2026 Free Cash Flow guidance to $45 million to $50 million.
- Acquired TRISM instant issuance business, doubling addressable market.
- Net Leverage Ratio improved to 2.7x from 3.6x last year.
- Redeemed $26.5 million of Senior Notes in July.
Price Impact
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