| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 149.18 | 1.4% | 15.0% |
| Total Income | 149.18 | 1.4% | 15.0% |
| Expenditure | 137.32 | 0.9% | 14.1% |
| PBT | 4.42 | 31.2% | 229.8% |
| Net Profit | 2.04 | 1.0% | 292.3% |
| OPM | 7.95% | 0.48pp | 0.69pp |
| NPM | 1.37% | 0.03pp | 0.97pp |
| EPS | 0.18 | 0.0% | 260.0% |
CPI Card Group Reports Strong Second Quarter 2026 Results
06 Aug 2026 · 6 Aug, 4:38 pm
Summary
CPI Card Group Inc. announced strong second quarter 2026 results, with revenue increasing 15% year-over-year to $149 million, driven by robust performance in its Secure Card Solutions segment. Net income saw a significant jump of 294% to $2 million, while Adjusted EBITDA grew 7% to $24 million. The company has raised its 2026 guidance for revenue growth and Free Cash Flow, reflecting confidence in its strategic initiatives, including the recent acquisition of TRISM, which is expected to significantly expand its instant issuance market presence.
Key Highlights
- 1
CPI Card Group Inc. reported a 15% increase in second quarter revenue, reaching $149 million.
- 2
Net income for the second quarter surged by 294% to $2 million, with diluted earnings per share at $0.17.
- 3
Adjusted EBITDA for the second quarter increased by 7% to $24 million.
- 4
The Secure Card Solutions segment saw a 17% revenue increase to $110.9 million, driven by higher sales of contactless cards and personalization services.
- 5
Record cash flow from operations of $42 million was generated in the first half of 2026.
- 6
The company raised its 2026 financial guidance for revenue growth to high-single-digit to low-double-digit and for Free Cash Flow to $45 million to $50 million.
- 7
CPI acquired TRISM, a move expected to double its addressable market in U.S. instant issuance solutions.
Management Comments
John Lowe
Through the first six months of the year CPI generated double-digit revenue growth, strong Adjusted EBITDA growth and record Free Cash Flow, while continuing to gain share by investing in our long-term strategy of growth and diversification to help our customers win. The acquisition of TRISM is an excellent example of how we continue to execute on our strategy and grow our addressable market and solutions with strong profitability and growth potential. With the TRISM acquisition, we believe we have doubled our addressable market in U.S. instant issuance and are now the clear leader.
Terra Grantham
We are pleased with our execution in the second quarter as we continued to balance disciplined expense management with targeted investments in growth and margin initiatives, technology and the integration of recent acquisitions. We also generated a record $36 million of Free Cash Flow in the first half of 2026, reduced our Net Leverage Ratio to 2.7x, and redeemed $26.5 million of Senior Notes in July, further strengthening our balance sheet while maintaining the flexibility to invest in long-term growth opportunities.
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