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CPI Card Group Inc. (PMTS) stock

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NASDAQ: PMTS Nasdaq Transaction & Payment Processing Services Next results ~November 4, 2026

C Fundamentals grade

CPI Card Group Inc. is a US-listed company in the transaction & payment processing services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($83.25) is 3.40x the share price ($24.50) and 7.07x the median of our other models ($11.77); the other models don't support a gap this wide.

Price vs value

Under review: our cash-flow value ($83.25) is 3.40x the share price ($24.50) and 7.07x the median of our other models ($11.77); the other models don't support a gap this wide. We'll show the comparison once resolved.

CPI Card Group Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders5 buying, 3 selling9 purchases and 3 sales by directors and officers, last 12 monthsInsider trades
  • Funds45 adding, 24 cuttingOf 12 active managers that changed their stake, 6 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter CPI Card Group files

Where CPI Card stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $587m, up 16.9% on a year earlier, faster than the 15.6% growth a quarter earlier. Free-cash-flow margin rose to 13.0% from 6.7% a year earlier. Operating margin narrowed to 9.2% from 11.4%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 4 financial-health checks.

Our model value for CPI Card Group is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

CPI Card Group Inc.'s trailing-twelve-month revenue grew 16.9% year on year, with a free-cash-flow margin of 13.0%. Where it stands out: stock pay as % of revenue of 1.1% ranks 5 of 30 transaction & payment processing services companies we cover. Where it lags: long-term debt as % of assets of 67.1% ranks 19 of 19 transaction & payment processing services companies we cover.

Our discounted-cash-flow model values the business at ~$83 per share in the base case (~$58–$120 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 128.4% while net income grew 3.0%: a 125pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 16.9% over the last 12 months, against a median of 9.7% for transaction & payment processing services companies we cover.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Volatile shares. Over the past year the shares showed annualised volatility of 72% and a beta of 1.2 against the S&P 500.
  • Gross margin slipping. Gross margin is down 2.5 points on a year ago.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 67.1% ranks 19 of 19 transaction & payment processing services companies we cover (median 25.3%).
  • Short interest rising. Shares sold short rose 49% in a month to 6.1% of tradable shares.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.43 against an average estimate of $0.46: missed by 6.0%
Revenue
$149m, up 15.0% on a year earlier
Share reaction
+22.0% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 4, 2026; average EPS estimate $0.83

CPI Card Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-9.4%
  • 1 week-9.8%
  • 1 month-4.7%
  • This year+61.4%
  • 1 year+51.5%
  • 5 years-26.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$587M
Operating margin
9.2%
Net margin
2.3%
EPS (TTM, diluted)
$1.15

Growth

Revenue growth
+16.9%
Change in growth rate
+1.4 pts
Share count change
−0.5%

Cash

Free cash flow (TTM)
$76.6M
FCF margin
13.0%
Stock pay % of revenue
1.1%

Earnings

Last results
August 6, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Insider trade
  3. Insider trade
  4. Leadership
  5. Results
  6. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

CPI Card Group Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($83.25) is 3.40x the share price ($24.50) and 7.07x the median of our other models ($11.77); the other models don't support a gap this wide.

Our value per share comes from a discounted-cash-flow model of CPI Card Group Inc.'s free cash flow after stock-based pay ( $43.2M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value CPI Card Group Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10%: the 10-year Treasury yield (4.9%) plus a beta of 1.13 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$83 ~$58–$120 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$12 ~$14–$38 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare CPI Card Group Inc. with Transaction & Payment Processing Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$49.92$20.15$3.67$2.29$0.90$4.39$18.55$36.08$19.19$29.89$14.68$23.69
Market value$447m$226m$41m$26m$10m$49m$218m$424m$229m$355m$175m$282m
+ Net debt (− = net cash)$308m$265m$281m$286m$289m$279m$283m$274m$253m$247m$265m$241m
Enterprise value$755m$491m$321m$311m$299m$328m$501m$698m$481m$602m$440m$523m
Multiples
Price / sales 1.2x0.7x0.2x0.1x0.0x0.2x0.6x0.9x0.5x0.7x0.3x0.5x
Price / earnings 14.5x41.9x———3.1x13.7x11.6x9.5x18.2x11.7x20.5x
Price / free cash flow 17.7x5.0x—17.8x—3.3x21.5x31.5x8.3x10.4x4.2x3.7x
EV / EBITDA 9.0x10.7x—13.5x7.1x5.9x6.7x7.4x6.2x7.6x5.7x6.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

54 /100

Moderate moat

How hard CPI Card Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 19 / 20

    Cash operating profit has been a median 14.4% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 33.3%, moving by 2.5 percentage points (standard deviation) across 10 years.

  • Durability 2 / 20

    Operating margin has been a median 10.3%; its worst year was -7.6%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 5.1% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 4.0% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (60 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $150m and EPS of $0.83 (range $0.82 to $0.84) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.98 +55% $604m +11%
Next $3.49 +17% $654m +8%

Next year's EPS estimate has moved +2.8% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +9.2% on 90 days ago. In the last 30 days, 2 analysts raised CPI Card Group Inc.'s forecast and 0 cut it.

Consensus EPS forecast CPI Card Group Inc., last 90 days
$2.60 $2.80 $3.00 $3.20 $3.40 $3.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.73 Current fiscal year, 60 days ago: $2.73 Current fiscal year, 30 days ago: $2.73 Current fiscal year, 7 days ago: $2.73 Current fiscal year, Now: $2.98 $2.98 Next fiscal year, 90 days ago: $3.40 Next fiscal year, 60 days ago: $3.40 Next fiscal year, 30 days ago: $3.40 Next fiscal year, 7 days ago: $3.40 Next fiscal year, Now: $3.49 $3.49

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.73$3.40
60 days ago $2.73$3.40
30 days ago $2.73$3.40
7 days ago $2.73$3.40
Now $2.98$3.49

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.46 $0.43 −6.0%
Mar 2026 $0.40 $0.41 +3.2%
Dec 2025 $0.69 $1.48 +115.9%
Sept 2025 $0.62 $0.45 −28.1%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows CPI Card Group Inc.'s revenue by +9.2% next year and +11.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+7.1%, weight 56%) and the company's own record (+11.7%, weight 44%) . How the weights are set.

Analyst recommendations

4 analysts, Oct 2026
Buy4100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202644
  2. Sep 202644
  3. Aug 202644

Counts of recommendations published by analysts covering CPI Card Group Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.1%
of tradable shares
Days to cover
2.57
at average volume
Short interest, 1 month
+49%
to October 15, 2026
Held by institutions
82%
of shares
Held by insiders
4.8%
of shares
Employees
1,700
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +51.5%

$15.64 on October 31, 2025 to $23.69

ThenNowEffect
Revenue (last 12 months) $502m $587m +16.9%
Net margin 2.7% 2.3% −11.9%
P/E multiple 14.0x 20.5x +46.3%
Share count 12m 12m +0.5%

Biggest factor: p/e multiple.

Last 3 years +41.8%

$16.71 on November 3, 2023 to $23.69

ThenNowEffect
Revenue (last 12 months) $487m $587m +20.6%
Net margin 8.6% 2.3% −72.7%
P/E multiple 4.7x 20.5x +333.5%
Share count 12m 12m −0.7%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PMTS+323%+95%−47%+56%−51%+61%
Industry peers (median)−19%−35%+8%+9%−23%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PMTS67%50%42%42%33%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PMTS−55%−39%−72%−30%−64%−26%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 99% from November 11, 2015 to March 17, 2020. Getting back needed a 9832% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$11.29 – $30.50
From 52-week high
−22.3%
vs 50-day average
−9.0%
vs 200-day average
+21.2%
Volatility (1 year)
72%
Beta vs S&P 500
1.18

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±17.1%
After a week
4 up, 8 down
typical move ±14.2%
After a month
8 up, 4 down
typical move ±19.4%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +22.0% +0.5% +27.6% +24.2%
May 5, 2026 −11.5% +2.2% −7.7% +3.3%
March 5, 2026 +24.6% −1.9% +24.2% +32.7%
November 4, 2025 −19.0% −0.8% −20.4% −18.5%
August 8, 2025 −26.2% +0.6% −16.2% −20.9%
May 7, 2025 −13.0% +1.1% −8.9% −14.0%
March 4, 2025 −8.9% −0.1% −10.5% −8.7%
November 5, 2024 +18.9% +3.7% +21.9% +45.3%
August 5, 2024 −10.8% −2.0% −4.0% +1.2%
May 7, 2024 +16.1% +0.1% +18.4% +52.3%
March 7, 2024 −18.8% +0.4% −7.2% +2.7%
November 7, 2023 −15.4% +0.4% −3.8% +8.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

CPI Card Group Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) CPI Card Group Inc.
$400M $450M $500M $550M $600M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $468.1M Revenue (TTM), FY23 Q4: $444.5M Revenue (TTM), FY24 Q1: $435.6M Revenue (TTM), FY24 Q2: $439.5M Revenue (TTM), FY24 Q3: $458.4M Revenue (TTM), FY24 Q4: $480.6M Revenue (TTM), FY25 Q1: $491.4M Revenue (TTM), FY25 Q2: $502.4M Revenue (TTM), FY25 Q3: $515.6M Revenue (TTM), FY25 Q4: $543.5M Revenue (TTM), FY26 Q1: $567.9M Revenue (TTM), FY26 Q2: $587.3M $587.3M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $468.1M
FY23 Q4 $444.5M
FY24 Q1 $435.6M
FY24 Q2 $439.5M
FY24 Q3 $458.4M
FY24 Q4 $480.6M
FY25 Q1 $491.4M
FY25 Q2 $502.4M
FY25 Q3 $515.6M
FY25 Q4 $543.5M
FY26 Q1 $567.9M
FY26 Q2 $587.3M
Revenue growth, TTM YoY CPI Card Group Inc.
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 5.8% Revenue growth, TTM YoY, FY23 Q4: -6.6% Revenue growth, TTM YoY, FY24 Q1: -10.2% Revenue growth, TTM YoY, FY24 Q2: -9.7% Revenue growth, TTM YoY, FY24 Q3: -2.1% Revenue growth, TTM YoY, FY24 Q4: 8.1% Revenue growth, TTM YoY, FY25 Q1: 12.8% Revenue growth, TTM YoY, FY25 Q2: 14.3% Revenue growth, TTM YoY, FY25 Q3: 12.5% Revenue growth, TTM YoY, FY25 Q4: 13.1% Revenue growth, TTM YoY, FY26 Q1: 15.6% Revenue growth, TTM YoY, FY26 Q2: 16.9% 16.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 5.8%
FY23 Q4 -6.6%
FY24 Q1 -10.2%
FY24 Q2 -9.7%
FY24 Q3 -2.1%
FY24 Q4 8.1%
FY25 Q1 12.8%
FY25 Q2 14.3%
FY25 Q3 12.5%
FY25 Q4 13.1%
FY26 Q1 15.6%
FY26 Q2 16.9%
Operating margin (TTM) CPI Card Group Inc.
8% 10% 12% 14% 16% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 15.7% Operating margin (TTM), FY23 Q4: 13.9% Operating margin (TTM), FY24 Q1: 12.7% Operating margin (TTM), FY24 Q2: 12.0% Operating margin (TTM), FY24 Q3: 12.5% Operating margin (TTM), FY24 Q4: 13.1% Operating margin (TTM), FY25 Q1: 12.8% Operating margin (TTM), FY25 Q2: 11.4% Operating margin (TTM), FY25 Q3: 10.2% Operating margin (TTM), FY25 Q4: 10.1% Operating margin (TTM), FY26 Q1: 9.1% Operating margin (TTM), FY26 Q2: 9.2% 9.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 15.7%
FY23 Q4 13.9%
FY24 Q1 12.7%
FY24 Q2 12.0%
FY24 Q3 12.5%
FY24 Q4 13.1%
FY25 Q1 12.8%
FY25 Q2 11.4%
FY25 Q3 10.2%
FY25 Q4 10.1%
FY26 Q1 9.1%
FY26 Q2 9.2%
FCF margin (TTM) CPI Card Group Inc.
4% 6% 8% 10% 12% 14% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 6.9% FCF margin (TTM), FY23 Q4: 6.2% FCF margin (TTM), FY24 Q1: 7.1% FCF margin (TTM), FY24 Q2: 5.8% FCF margin (TTM), FY24 Q3: 5.2% FCF margin (TTM), FY24 Q4: 7.1% FCF margin (TTM), FY25 Q1: 5.5% FCF margin (TTM), FY25 Q2: 6.7% FCF margin (TTM), FY25 Q3: 5.4% FCF margin (TTM), FY25 Q4: 7.6% FCF margin (TTM), FY26 Q1: 9.0% FCF margin (TTM), FY26 Q2: 13.0% 13.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 6.9%
FY23 Q4 6.2%
FY24 Q1 7.1%
FY24 Q2 5.8%
FY24 Q3 5.2%
FY24 Q4 7.1%
FY25 Q1 5.5%
FY25 Q2 6.7%
FY25 Q3 5.4%
FY25 Q4 7.6%
FY26 Q1 9.0%
FY26 Q2 13.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar CPI Card Group took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $544M
  2. Cost of revenue $373M · 68.7%
  3. Gross profit $170M · 31.3%
  4. Other operating costs $115M · 21.2%
  5. Operating income $54.8M · 10.1%
  6. Income tax $6.7M · 1.2%
  7. Interest and other $33.2M · 6.1%
  8. Net income $14.9M · 2.8%

Shares of revenue. Source: CPI Card Group's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 196 261 374 309 224 256 278 312 375 476 445 481 544 587
Gross profit 59 82 136 102 68 79 91 110 141 176 155 171 170 182
EBITDA 38 48 84 46 −2 23 42 55 75 94 78 79 77 80
Operating income 26 34 68 29 −19 5 25 38 59 79 62 63 55 54
Net income 9 13 31 5 −22 −37 −5 16 16 37 24 20 15 14
Diluted EPS −$3.25 −$3.80 −$0.19 $0.48 −$1.98 −$3.36 −$0.46 $1.44 $1.36 $3.11 $2.01 $1.64 $1.25 $1.15
Growth (year on year)
Revenue — +32.9% +43.3% −17.5% −27.5% +14.3% +8.7% +12.3% +20.2% +26.8% −6.6% +8.1% +13.1% +16.9%
EBITDA — +26.4% +75.4% −45.1% −105.2% — +82.5% +31.6% +35.0% +26.1% −17.5% +2.2% −2.4% +5.6%
Operating income — +31.8% +96.4% −57.2% −166.6% — — +55.4% +54.9% +33.1% −22.2% +2.0% −12.7% −5.4%
Net income — +54.9% +132.0% −82.5% — — — — −1.2% +129.2% −34.4% −18.6% −23.4% +3.0%
Diluted EPS — — — — — — — — −5.6% +128.7% −35.4% −18.4% −23.8% +3.5%
Margins
Gross margin 30.3% 31.3% 36.3% 33.0% 30.5% 30.7% 32.8% 35.3% 37.7% 36.9% 35.0% 35.6% 31.3% 31.0%
EBITDA margin 19.2% 18.3% 22.4% 14.9% −1.1% 9.0% 15.1% 17.7% 19.9% 19.8% 17.4% 16.5% 14.2% 13.6%
Operating margin 13.3% 13.2% 18.1% 9.4% −8.6% 1.8% 8.9% 12.3% 15.9% 16.6% 13.9% 13.1% 10.1% 9.2%
Net margin 4.4% 5.1% 8.2% 1.7% −9.8% −14.6% −1.8% 5.2% 4.2% 7.7% 5.4% 4.1% 2.8% 2.3%
Free-cash-flow margin 7.3% 3.7% 6.7% 14.8% −2.2% 0.6% −0.4% 4.8% 2.7% 2.8% 6.2% 7.1% 7.6% 13.0%
Cash flow
Cash from operations 24 27 44 60 2 7 3 22 20 31 34 43 60 92
Capital spending 9 17 19 14 7 6 4 7 10 18 6 9 18 15
Free cash flow 14 10 25 46 −5 1 −1 15 10 13 28 34 41 77
Stock-based pay 1 5 10 4 2 1 0 0 1 3 8 9 7 6
Free cash flow after stock pay 14 5 16 42 −7 0 −1 15 9 10 20 26 34 70
Balance sheet
Cash 10 13 14 37 23 20 19 58 21 11 12 34 22 21
Total debt 0 179 322 302 304 306 308 337 304 286 265 280 287 262
Net debt (negative = net cash) −10 166 308 265 281 286 289 279 283 274 253 247 265 241
Diluted shares 8m 8m 9m 11m 11m 11m 11m 11m 12m 12m 12m 12m 12m 12m
Returned to shareholders
Dividends — — 230 8 8 — — — — — — — — —
Buybacks 0 — 58 6 — — — — — — 0 9 — —
Total returned 0 — 289 14 8 — — — — — 0 9 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 4 checks passed · June 30, 2026
What it owns · $390m
Short-term assets $188mLonger-term assets $202m
What it owes, and who funded it · $402m
Short-term liabilities $90mLonger-term liabilities $312mShareholders' equity $-11m
  • Short-term assets cover short-term liabilities $188m of assets due within a year against $90m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $188m short-term assets against $312m of longer-dated liabilities.
  • More cash than debt $21m of cash against $262m of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $92m of operating cash flow against $262m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From CPI Card Group Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
−0.5%
year over year
Sales & admin spending
20.7%
of revenue
Days sales outstanding
55 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in transaction & payment processing services
Last 12 months unless stated PMTS IMXI SEZL MQ FLYW PRTH Median
Revenue, last 12 months $587m $555m $532m $677m $714m $1.0bn $1.6bn
Revenue growth, last 12 months 16.9% −13.5% 43.1% 22.4% 32.2% 8.9% 9.3%
Revenue growth, 3-year average 6.5% −3.1% 56.7% −7.1% 27.1% 12.0% 7.9%
Revenue growth, latest quarter 15.0% −18.6% 51.7% 17.0% 27.2% 9.4% 14.0%
Gross margin 31.0% — — 70.0% — 30.4% 45.0%
Operating margin 9.2% 6.2% 40.4% −1.9% 5.5% 13.8% 9.8%
Operating margin, 3-year average 10.9% 11.3% 33.3% −12.1% −0.0% 14.1% 11.1%
Net margin 2.3% 3.4% 30.4% 1.5% 4.8% 5.6% 6.1%
Cash from operations / revenue 15.6% 5.6% 51.8% 29.5% 23.3% 12.8% 18.4%
Free-cash-flow margin 13.0% 1.6% 51.6% 29.3% 23.2% 10.4% 16.1%
Free-cash-flow margin, 3-year average 8.5% 12.2% 34.0% 18.7% 16.8% 7.4% 16.3%
Stock pay / revenue 1.1% 1.3% 0.8% 13.9% 9.9% 1.0% 2.2%
Change in share count −0.5% −3.1% −1.7% −6.5% 0.3% 5.6% −2.7%

Median of all 30 companies we cover in transaction & payment processing services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

30 transaction & payment processing services companies
Measure Company Peer median Rank
Revenue growth Growth 16.9% 9.7% 11 of 30
Change in growth rate Growth +1.4pp -0.3pp 10 of 30
Gross margin Profitability 31.0% 51.7% 10 of 11
Operating margin Profitability 9.2% 9.8% 17 of 29
Net margin Profitability 2.3% 6.6% 20 of 30
Free-cash-flow margin Cash generation 13.0% 18.4% 18 of 25
Stock pay as % of revenue Cash generation 1.1% 2.3% 5 of 30
Long-term debt as % of assets Balance sheet 67.1% 25.3% 19 of 19
Change in share count Balance sheet -0.5% -1.7% 17 of 26
Days sales outstanding Balance sheet 55 days 53 days 11 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
US Debit and Credit $451M 82.8% ▲ 20.3%
US Prepaid Debit $93.6M 17.2% ▼ 12.1%

From CPI Card Group Inc.'s 10-K filed March 5, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$64M
Institutions reporting
77
Shares held vs prior quarter
▲ 11.9%
Positions opened / closed
10 / 5

Top buyers and sellers, Q2 2026: 45 institutions bought and 24 sold ; the biggest buyer was Pembroke Management, Ltd (+140K shares) and the biggest seller Xtx Topco Ltd (−22K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $10.7M 516K 16.8% ▲ 19.7%
Pacific Ridge Capital Partners, LLC $10.5M 508K 16.5% ▲ 8.9%
Vanguard Capital Management LLC $5.5M 264K 8.6% ▲ 1.3%
Pembroke Management, Ltd $5M 240K 7.8% ▲ 140.9%
Vanguard Portfolio Management LLC $4.7M 227K 7.4% ▲ 0.8%
Geode Capital Management, LLC $3.7M 180K 5.8% ▲ 8.1%
UBS Group AG $2.6M 127K 4.1% ▼ 1.1%
State Street Corp $2M 96K 3.1% ▲ 25.4%
LSV Asset Management $1.8M 88K 2.9% ▼ 4.0%
Northern Trust Corp $1.5M 73K 2.4% ▲ 1.0%
Kerrisdale Advisers, LLC $1.3M 61K 2.0% 0.0%
Dimensional Fund Advisors LP $1.1M 52K 1.7% ▲ 21.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not CPI Card Group Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $15M 9 trades by 5 insiders, last 12 months Insider sales History → $83.7M 3 trades by 3 insiders · 0% under pre-set plans
Net ▼ $68.7M net selling
Insider Date Trade Shares Price Value
Sheinbaum Marc Director September 14, 2026 Buy 4,651 $21.50 $99,996
Peters Nicholas Director September 14, 2026 Buy 11,628 $21.50 $250,002
Mallela Ravi Director September 14, 2026 Buy 1,000 $21.50 $21,500
Riley H Sanford Director September 14, 2026 Buy 13,953 $21.50 $299,990
Tricor Pmt25 Holdings Inc. 10% owner September 14, 2026 Buy 525,000 $21.50 $11.3M
Parallel49 Equity, Ulc 10% owner September 14, 2026 Sell 2,687,921 $20.43 $54.9M
Riley H Sanford Director May 19, 2026 Buy 6,500 $16.00 $104,000
Riley H Sanford Director May 19, 2026 Buy 5,400 $16.00 $86,400
Carmignani Donna Abbey Controller & Chief Acct. Off. May 11, 2026 Sell 4,870 $15.32 $74,608
Riley H Sanford Director December 4, 2025 Buy 200,000 $13.51 $2.7M
Tricor Pacific Capital Partners (Fund Iv), Lp 10% owner December 4, 2025 Sell 2,126,056 $13.51 $28.7M
Riley H Sanford Director November 6, 2025 Buy 10,000 $14.20 $142,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 5, 2026
  • March 5, 2026
  • November 4, 2025
  • August 8, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on CPI Card Group Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

CPI Card Group Inc. in brief

What does CPI Card Group Inc. do?
CPI Card Group Inc. is a US-listed company in the transaction & payment processing services industry. Its financial year ends in December.
What is CPI Card Group Inc.'s stock ticker?
CPI Card Group Inc. trades under the ticker PMTS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is CPI Card Group Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, CPI Card Group Inc. reported revenue of $587M, 16.9% higher than a year earlier, according to its SEC filings.
What is CPI Card Group Inc.'s free cash flow?
CPI Card Group Inc.'s free-cash-flow margin is 13.0% of revenue over the trailing twelve months, ranking 18 of the 25 transaction & payment processing services companies we cover.
Who are CPI Card Group Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Pacific Ridge Capital Partners, LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is CPI Card Group Inc.'s market cap?
On November 2, 2026, CPI Card Group Inc.'s market capitalisation was about $282M, with a price-to-earnings ratio of 20.5 and net debt of $241M. Market figures come from third-party market data and may be delayed.
Who are CPI Card Group Inc.'s competitors?
In our Transaction & Payment Processing Services peer group, the companies closest to CPI Card Group Inc. are International Money Express, Inc., Sezzle Inc., Marqeta, Inc., Flywire Corp and Priority Technology Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against CPI Card Group Inc.'s.
Are insiders buying or selling CPI Card Group Inc. stock?
Over the last 12 months, CPI Card Group Inc.'s directors and officers reported 9 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is CPI Card Group Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — CPI Card Group Inc. announces its own schedule.