NASDAQ : PMTS
CPI Card Group Inc. — Financial statements
Financials · Credit Services · United States
Last price 26.23 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 304.06M
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Financial statements
CPI Card Group Inc. (PMTS) reported revenue of 587.31M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 587.31M | 543.53M | 480.60M | 444.55M | 475.75M | 375.12M |
| Cost of Revenue | 407.92M | 373.44M | 309.38M | 278.77M | 290.95M | 224.86M |
| Gross Profit | 179.39M | 170.10M | 171.22M | 165.78M | 184.80M | 150.26M |
| Selling, General & Admin | 127.72M | 115.25M | 108.43M | 88.25M | 90.78M | 75.70M |
| Operating Expenses | 127.72M | 115.25M | 108.43M | 104.19M | 105.67M | 90.80M |
| Operating Income | 51.67M | 54.84M | 62.79M | 61.59M | 79.13M | 59.46M |
| Interest Expense | -31.77M | -32.47M | -34.09M | -26.91M | -29.02M | -31.01M |
| Interest & Investment Income | 400.00K | |||||
| Earnings From Equity Investments | -537.00K | -134.00K | ||||
| Other Non Operating Income (Expenses) | -356.00K | -348.00K | -691.00K | 28.00K | -367.00K | 14.00K |
| EBT Excluding Unusual Items | 19.01M | 21.89M | 28.01M | 34.70M | 49.75M | 28.87M |
| Other Unusual Items | 2.21M | -287.00K | -2.99M | -243.00K | -600.00K | -5.05M |
| Pretax Income | 21.22M | 21.61M | 25.03M | 34.46M | 49.15M | 23.82M |
| Income Tax Expense | 7.46M | 6.66M | 5.51M | 10.48M | 12.61M | 7.88M |
| Earnings From Continuing Operations | 13.75M | 14.95M | 19.52M | 23.98M | 36.54M | 15.94M |
| Net Income | 13.75M | 14.95M | 19.52M | 23.98M | 36.54M | 15.94M |
| Net Income to Common | 13.75M | 14.95M | 19.52M | 23.98M | 36.54M | 15.94M |
| Shares Outstanding (Basic) | 11.43M | 11.33M | 11.15M | 11.43M | 11.29M | 11.24M |
| Shares Outstanding (Diluted) | 11.92M | 11.92M | 11.88M | 11.92M | 11.75M | 11.76M |
| EPS (Basic) | 1.20 | 1.32 | 1.75 | 2.10 | 3.24 | 1.42 |
| EPS (Diluted) | 1.15 | 1.25 | 1.64 | 2.01 | 3.11 | 1.36 |
| Free Cash Flow | 76.55M | 41.33M | 34.06M | 27.64M | 13.47M | 10.15M |
| Free Cash Flow Per Share | 6.42 | 3.47 | 2.87 | 2.32 | 1.15 | 0.86 |
| Gross Margin | 30.54% | 31.29% | 35.63% | 37.29% | 38.84% | 40.06% |
| Operating Margin | 8.80% | 10.09% | 13.06% | 13.86% | 16.63% | 15.85% |
| Profit Margin | 2.34% | 2.75% | 4.06% | 5.39% | 7.68% | 4.25% |
| Free Cash Flow Margin | 13.04% | 7.60% | 7.09% | 6.22% | 2.83% | 2.71% |
| EBITDA | 77.12M | 77.30M | 79.21M | 77.52M | 94.02M | 74.56M |
| EBITDA Margin | 13.13% | 14.22% | 16.48% | 17.44% | 19.76% | 19.88% |
| D&A For EBITDA | 25.45M | 22.46M | 16.42M | 15.93M | 14.89M | 15.10M |
| EBIT | 51.67M | 54.84M | 62.79M | 61.59M | 79.13M | 59.46M |
| EBIT Margin | 8.80% | 10.09% | 13.06% | 13.86% | 16.63% | 15.85% |
| Effective Tax Rate | 35.18% | 30.81% | 22.00% | 30.40% | 25.65% | 33.08% |
| Revenue as Reported | 444.55M | 475.75M | 375.12M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 21.37M | 21.70M | 33.54M | 12.41M | 11.04M | 20.68M |
| Cash & Short-Term Investments | 21.37M | 21.70M | 33.54M | 12.41M | 11.04M | 20.68M |
| Accounts Receivable | 88.36M | 95.44M | 85.49M | 73.72M | 80.58M | 60.95M |
| Other Receivables | 534.00K | |||||
| Receivables | 88.36M | 95.44M | 85.49M | 73.72M | 80.58M | 61.49M |
| Inventory | 62.90M | 72.24M | 72.66M | 70.59M | 68.40M | 58.01M |
| Prepaid Expenses | 15.52M | 15.56M | 11.35M | 8.65M | 7.55M | 5.52M |
| Total Current Assets | 188.15M | 204.94M | 203.04M | 165.38M | 167.57M | 145.70M |
| Property, Plant & Equipment | 105.19M | 108.43M | 68.65M | 63.05M | 57.18M | 47.25M |
| Goodwill | 52.74M | 48.76M | 47.15M | 47.15M | 47.15M | 47.15M |
| Other Intangible Assets | 19.69M | 18.54M | 10.49M | 14.12M | 17.99M | 21.85M |
| Other Long-Term Assets | 24.64M | 22.51M | 20.32M | 3.98M | 6.78M | 6.18M |
| Total Assets | 390.41M | 403.19M | 349.66M | 293.68M | 296.67M | 268.14M |
| Accounts Payable | 30.58M | 27.80M | 16.12M | 12.80M | 24.37M | 26.44M |
| Accrued Expenses | 43.57M | 39.92M | 48.91M | 28.48M | 34.37M | 33.04M |
| Current Portion of Leases | 13.04M | 12.46M | 9.06M | 7.32M | 5.70M | 4.11M |
| Current Unearned Revenue | 2.95M | 3.92M | 1.49M | 840.00K | 3.57M | 1.18M |
| Total Current Liabilities | 90.14M | 84.10M | 75.59M | 49.45M | 68.01M | 64.78M |
| Long-Term Debt | 262.14M | 286.67M | 280.40M | 265.00M | 285.52M | 303.63M |
| Long-Term Leases | 45.76M | 38.34M | 24.45M | 22.71M | 16.26M | 13.37M |
| Long-Term Deferred Tax Liabilities | 3.84M | 2.25M | 3.32M | 7.14M | 6.81M | 5.25M |
| Other Long-Term Liabilities | 9.17M | 1.52M | 1.33M | 2.14M | 2.13M | |
| Total Liabilities | 401.88M | 420.52M | 385.28M | 345.62M | 378.74M | 389.16M |
| Common Stock | 12.00K | 11.00K | 11.00K | 11.00K | 11.00K | 11.00K |
| Retained Earnings | 88.84M | 84.75M | 69.80M | 50.28M | 26.29M | -10.25M |
| Comprehensive Income & Other | -100.33M | -102.09M | -105.43M | -102.22M | -108.38M | -110.78M |
| Shareholders' Equity | -11.47M | -17.33M | -35.62M | -51.94M | -82.08M | -121.02M |
| Total Liabilities & Equity | 390.41M | 403.19M | 349.66M | 293.68M | 296.67M | 268.14M |
| Total Debt | 320.94M | 337.47M | 313.92M | 295.03M | 307.48M | 321.11M |
| Net Cash (Debt) | -299.57M | -315.77M | -280.37M | -282.61M | -296.44M | -300.43M |
| Net Cash Per Share | -25.14 | -26.49 | -23.60 | -23.71 | -25.23 | -25.54 |
| Filing Date Shares Outstanding | 11.53M | 11.46M | 11.24M | 11.40M | 11.39M | 11.26M |
| Total Common Shares Outstanding | 11.52M | 11.46M | 11.24M | 11.45M | 11.39M | 11.26M |
| Working Capital | 98.01M | 120.85M | 127.45M | 115.93M | 99.56M | 80.93M |
| Book Value Per Share | -1.00 | -1.51 | -3.17 | -4.54 | -7.21 | -10.75 |
| Tangible Book Value | -83.90M | -84.64M | -93.26M | -113.21M | -147.22M | -190.02M |
| Tangible Book Value Per Share | -7.28 | -7.39 | -8.30 | -9.89 | -12.92 | -16.88 |
| Machinery | 94.00M | 91.63M | 72.90M | 67.61M | 67.86M | 68.62M |
| Construction In Progress | 6.00M | 4.75M | 5.14M | 1.78M | 3.30M | 5.27M |
| Leasehold Improvements | 33.10M | 32.89M | 18.88M | 16.34M | 14.70M | 14.14M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 13.75M | 14.95M | 19.52M | 23.98M | 36.54M | 15.94M |
| Depreciation & Amortization | 25.45M | 22.46M | 16.42M | 15.93M | 14.89M | 15.10M |
| Other Amortization | 1.31M | 1.31M | 1.54M | 1.85M | 1.93M | 2.37M |
| Stock-Based Compensation | 6.64M | 6.96M | 8.54M | 7.51M | 3.48M | 1.25M |
| Other Operating Activities | 7.54M | 6.50M | 4.83M | -81.00K | 3.12M | 3.10M |
| Change in Accounts Receivable | -1.09M | -686.00K | -11.79M | 6.79M | -19.75M | -6.36M |
| Change in Inventory | 21.05M | 3.61M | -1.99M | -1.64M | -10.70M | -33.39M |
| Change in Accounts Payable | 5.51M | 7.51M | 2.76M | -11.26M | -453.00K | 6.58M |
| Change in Unearned Revenue | 1.29M | 2.43M | 645.00K | -2.73M | 2.39M | -690.00K |
| Change in Income Taxes | 187.00K | -3.02M | 985.00K | -1.16M | 362.00K | 9.98M |
| Change in Other Net Operating Assets | 10.07M | -2.53M | 1.85M | -5.16M | -474.00K | 6.35M |
| Operating Cash Flow | 91.72M | 59.50M | 43.31M | 34.04M | 31.34M | 20.23M |
| Capital Expenditures | -15.16M | -18.18M | -9.26M | -6.41M | -17.87M | -10.07M |
| Cash Acquisitions | -8.05M | -44.20M | ||||
| Investment in Securities | -2.82M | -2.82M | ||||
| Other Investing Activities | 304.00K | 63.00K | 36.00K | 183.00K | 95.00K | 156.00K |
| Investing Cash Flow | -25.73M | -65.13M | -9.22M | -6.22M | -17.77M | -9.92M |
| Long-Term Debt Issued | 67.00M | 285.00M | 37.07M | 324.75M | ||
| Total Debt Issued | 32.00M | 67.00M | 285.00M | 37.07M | 324.75M | |
| Long-Term Debt Repaid | -70.37M | -273.12M | -25.82M | -58.30M | -359.67M | |
| Total Debt Repaid | -91.40M | -70.37M | -273.12M | -25.82M | -58.30M | -359.67M |
| Net Debt Issued (Repaid) | -59.40M | -3.37M | 11.88M | -25.82M | -21.22M | -34.92M |
| Repurchase of Common Stock | -1.48M | -1.98M | -12.48M | -618.00K | ||
| Other Financing Activities | -864.00K | -864.00K | -12.36M | -1.94M | -12.31M | |
| Financing Cash Flow | -61.74M | -6.22M | -12.96M | -26.44M | -23.16M | -47.23M |
| Foreign Exchange Rate Adjustments | -47.00K | 1.00K | ||||
| Net Cash Flow | 4.24M | -11.84M | 21.13M | 1.38M | -9.65M | -36.92M |
| Free Cash Flow | 76.55M | 41.33M | 34.06M | 27.64M | 13.47M | 10.15M |
| Free Cash Flow Margin | 13.04% | 7.60% | 7.09% | 6.22% | 2.83% | 2.71% |
| Free Cash Flow Per Share | 6.42 | 3.47 | 2.87 | 2.32 | 1.15 | 0.86 |
| Levered Free Cash Flow | 60.80M | 17.92M | 43.05M | 23.94M | 3.89M | 12.51M |
| Unlevered Free Cash Flow | 79.35M | 36.90M | 62.81M | 38.91M | 20.09M | 29.52M |
| Cash Interest Paid | 32.08M | 32.36M | 26.32M | 25.74M | 27.71M | 22.27M |
| Cash Income Tax Paid | 1.69M | 6.40M | 9.29M | 10.38M | 12.13M | -54.00K |
| Change in Working Capital | 37.02M | 7.32M | -7.54M | -15.16M | -28.62M | -17.53M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 274.61M | 167.17M | 333.56M | 219.90M | 410.79M | 208.79M |
| Enterprise Value | 574.19M | 510.56M | 632.18M | 511.37M | 721.45M | 504.95M |
| Last Close Price | 23.69 | 14.68 | 29.89 | 19.19 | 36.08 | 18.55 |
| PE Ratio | 20.60 | 11.18 | 17.09 | 9.17 | 11.24 | 13.10 |
| Forward PE | 9.22 | 7.03 | 11.47 | 9.05 | 15.89 | 9.66 |
| PS Ratio | 0.47 | 0.31 | 0.69 | 0.49 | 0.86 | 0.56 |
| PB Ratio | -9.64 | -9.36 | -4.23 | -5.00 | -1.73 | |
| P/FCF Ratio | 3.59 | 4.04 | 9.79 | 7.96 | 30.50 | 20.56 |
| P/OCF Ratio | 2.99 | 2.81 | 7.70 | 6.46 | 13.11 | 10.32 |
| PEG Ratio | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 | |
| EV/Sales Ratio | 0.98 | 0.94 | 1.31 | 1.15 | 1.52 | 1.35 |
| EV/EBITDA Ratio | 7.45 | 6.61 | 7.98 | 6.60 | 7.67 | 6.77 |
| EV/EBIT Ratio | 11.11 | 9.31 | 10.07 | 8.30 | 9.12 | 8.49 |
| EV/FCF Ratio | 7.50 | 12.35 | 18.56 | 18.50 | 53.56 | 49.73 |
| Debt / Equity Ratio | -27.97 | -19.47 | -8.81 | -5.68 | -3.75 | -2.65 |
| Debt / EBITDA Ratio | 3.77 | 4.01 | 3.76 | 3.62 | 3.15 | 4.12 |
| Debt / FCF Ratio | 4.19 | 8.17 | 9.22 | 10.68 | 22.83 | 31.62 |
| Net Debt / Equity Ratio | -26.11 | -18.22 | -7.87 | -5.44 | -3.61 | -2.48 |
| Net Debt / EBITDA Ratio | 3.88 | 4.08 | 3.54 | 3.65 | 3.15 | 4.03 |
| Net Debt / FCF Ratio | 3.91 | 7.64 | 8.23 | 10.23 | 22.01 | 29.58 |
| Asset Turnover | 1.49 | 1.44 | 1.49 | 1.51 | 1.69 | 1.40 |
| Inventory Turnover | 5.56 | 5.15 | 4.32 | 4.01 | 4.60 | 5.43 |
| Quick Ratio | 1.22 | 1.39 | 1.57 | 1.74 | 1.35 | 1.27 |
| Current Ratio | 2.09 | 2.44 | 2.69 | 3.35 | 2.46 | 2.25 |
| Return on Assets (ROA) | 8.17% | 9.11% | 12.20% | 13.04% | 17.51% | 13.91% |
| Return on Invested Capital (ROIC) | 10.94% | 12.80% | 18.90% | 18.13% | 27.24% | 19.29% |
| Return on Capital Employed (ROCE) | 17.20% | 17.20% | 22.90% | 25.20% | 34.60% | 29.20% |
| Earnings Yield | 4.85% | 8.94% | 5.85% | 10.91% | 8.89% | 7.63% |
| FCF Yield | 27.88% | 24.72% | 10.21% | 12.57% | 3.28% | 4.86% |
| Buyback Yield / Dilution | 0.32% | -0.37% | 0.33% | -1.43% | 0.13% | -4.74% |
| Total Shareholder Return | 0.32% | -0.37% | 0.33% | -1.43% | 0.13% | -4.74% |