CPI Card Group Inc
NASDAQ:PMTS

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CPI Card Group Inc Logo
CPI Card Group Inc
NASDAQ:PMTS
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Price: 14.22 USD -3.13% Market Closed
Market Cap: 162m USD

CPI Card Group Inc
Investor Relations

CPI Card Group, Inc. engages in the provision of financial payment card solutions. The company is headquartered in Littleton, Colorado and currently employs 1,150 full-time employees. The company went IPO on 2015-10-09. The firm defines Financial Payment Cards as credit, debit and prepaid debit cards issued on the networks of the Payment Card Brands, including Visa, Mastercard, American Express and Discover in the United States and Interac, in Canada. The firm operates through two segments. Debit and Credit segment primarily produces Financial Payment Cards and provides integrated card services to card-issuing banks primarily in the United States. Products manufactured by this segment primarily include Europay, Mastercard and Visa (EMV), and non-EMV Financial Payment Cards, including contact and contactless cards, and plastic and encased metal cards, and Second Wave payment cards. Prepaid Debit segment primarily provides integrated prepaid card services to Prepaid Debit Card providers in the United States, including tamper-evident security packaging.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 4, 2025
AI Summary
Q3 2025

Sales Growth: Net sales increased 11% in the third quarter, primarily driven by the Arroweye acquisition and growth in the instant issuance business.

Margin Pressure: Margins declined due to a less favorable sales mix, lower average selling prices, higher production costs, and increased tariff expenses.

Outlook Updated: Full-year 2025 guidance was lowered to low double-digit to low teens net sales growth and flat to low single-digit adjusted EBITDA growth, reflecting ongoing margin and timing issues.

Prepaid Segment: Prepaid sales declined 7% due to timing and tough comparisons, but management stressed long-term opportunity from increased complexity and chip-enabled cards.

Strategic Initiatives: New Indiana facility is fully operational, and a strategic partnership and investment was made in Karta to bring chip-enabled, fraud-resistant prepaid cards to the U.S.

Tariff Impact: Tariff expenses are expected to total $4–5 million for the year, and management is actively negotiating with suppliers to mitigate costs.

Instant Issuance: The instant issuance (Card@Once) business is on track for a record year and is growing faster than the overall company.

Key Financials
Adjusted EBITDA
$23.4 million
Gross Profit Margin
29.7%
Tax Rate
38% (Q3), 34% (YTD)
Operating Cash Flow (YTD)
$19.9 million
Free Cash Flow (YTD)
$6.1 million
Net Leverage Ratio
3.6x
Tariff Expenses
$1.6 million (Q3), expected $4–5 million in 2025
Cash (end of Q3)
$16 million
Borrowings on ABL Revolver
$47 million
Senior Notes Outstanding
$265 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. John D. Lowe CFA, CPA
President, CEO & Director
No Bio Available
Mr. Jeffrey A. Hochstadt
Chief Financial Officer
No Bio Available
Ms. Donna Abbey Carmignani
Chief Accounting Officer & Controller
No Bio Available
Ms. Sarah Elizabeth Williams
Chief Technology Officer
No Bio Available
Mr. Ernesto Boada
Chief Information Officer
No Bio Available
Mr. Michael A. Salop
Head of Investor Relations
No Bio Available
Mr. Darren A. Dragovich
Chief Legal & Compliance Officer and Secretary
No Bio Available
Ms. Beth Starkey
Chief Marketing Officer
No Bio Available
Ms. Sonya Vollmer
Chief Human Resources Officer
No Bio Available
Ms. Terra Grantham
Senior VP of Financial Planning, Analysis & Strategy
No Bio Available

Contacts

Address
COLORADO
Littleton
10368 West Centennial Rd
Contacts
+17206816304.0
www.cpicardgroup.com