CPI Card Group Inc. (PMTS) Earnings
CPI Card Group Inc. is expected to report next earnings on August 14, 2026 (in NaN days), with a consensus EPS estimate of $0.45. PMTS has beaten EPS estimates in 6 of its last 10 reported quarters (average surprise -10.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $0.24 | $0.38 | +58.3% | $147M | +9.2% |
| Mar 5, 2026 | $0.65 | $0.77 | +18.5% | $153M | +10.3% |
| Nov 4, 2025 | $0.63 | $0.47 | -25.4% | $138M | -5.0% |
| Aug 8, 2025 | $0.56 | $0.04 | -92.9% | $130M | -8.5% |
| Mar 4, 2025 | $0.52 | $0.57 | +9.6% | $125M | +2.7% |
| Mar 7, 2024 | $0.32 | $0.23 | -28.1% | $103M | -1.7% |
| Mar 8, 2023 | $0.37 | $1.06 | +186.5% | $126M | +22.4% |
| Nov 3, 2022 | $0.58 | $1.01 | +74.1% | $125M | +8.1% |
| May 5, 2022 | $0.24 | $0.51 | +112.5% | $111M | +19.8% |
| Mar 8, 2022 | $0.35 | $0.06 | -82.9% | $93M | -1.3% |
| Nov 5, 2021 | — | $0.56 | — | $100M | — |
| Aug 12, 2021 | — | $0.53 | — | $93M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Executing on strategy with better-than-expected start to 2026, on track to achieve full year outlook. - Secure Card Solutions had strength in contactless solutions and personalization services. - Prepaid solutions segment had slow start but expected growth for full year. - Integrated pay tech expected to grow more than 15% for full year. - Strategic efforts include expanding proprietary technology platform, marketable base of relationships, and introducing new solutions. - Locked in new referral agreement with Fiserv for integrated pay tech segment, seeing positive customer interest. - Expanded solution set for closed loop prepaid market with strong revenue growth from Q4 2025 to Q1 2026. - Exploring chip-embedded cards in U.S. prepaid market with pilot with large national retailer.
Guidance
- Affirming full year outlook provided in March, including high single-digit revenue growth, low to mid single-digit adjusted EBITDA growth, pre-cash flow conversion at similar levels to 2025, and year-end net leverage ratio between 2.5 and 3 times. - Expect Q2 revenue to be similar to Q1 levels, with adjusted EBITDA slightly lower than prior year due to timing of investment spending.
Segment performance
Overall, first quarter revenue increased 20% to $147 million. Secure Card Solutions revenue increased 35%, including a $16 million contribution from ArrowEye. Prepaid solutions segment declined 17% in the first quarter, with incremental sales of closed-loop cards partially offsetting the decline. Integrated pay tech increased 1% in the quarter. Gross margins were over 55%. Adjusted EBITDA increased 9%, net income declined by 57% primarily due to $3 million of pre-tax integration costs. Ended the quarter with a net leverage ratio just below three times.
Risks & headwinds
- Risks and uncertainties related to forward-looking statements, including factors that could cause actual results to differ materially. - Integration costs could impact profitability. - Tariffs and depreciation could affect gross margins. - Competitive pricing market could impact revenue and profit. - Transition in prepaid market may not proceed as expected.
Analyst Q&A
Q: In terms of thinking about instant issuance, card at once solutions, what are you thinking for this year?
A: Excited about instant issuance, it's a software-as-a-service platform built over 10-plus years. Expect it to be a large chunk of growth in integrated pay tech segment, with digital side also growing.
Q: Where do you think we are in terms of contactless cards?
A: On debit and credit side, pretty much fully penetrated (late innings of transition). On prepaid side, lot of opportunity with market moving towards chip and contactless.
Q: On the Pfizer relationship, any difference from past contract?
A: Main difference is calling out Pfizer's name, agreement in place, seeing positive customer interest.
Q: From a supply chain perspective, what are you seeing?
A: Supply chain has normalized, tariffs have somewhat normalized, expecting refunds on tariffs but no timing.
Q: Main drivers of growth in integrated pay tech segment?
A: Deal with Pfizer, growth of the business as it stands, instant issuance solution growth and digital side growth.
Q: Comments around Indiana, 30% increase in volume, any color?
A: Reason for volume increase is end of building out Indiana, team did great job with nearly zero customer complaints. Margins affected by depreciation on ROI, tariffs, competitive pricing but nothing irrational.
Q: Increased integration expenses this quarter, detail on actions?
A: Integration costs in technology and go-to-market areas, revenue synergies from AeroEye, spending on operating synergies, termination fees from vendor transition, expect integration costs to drop off in second half.
Q: On prepaid statement, friction points?
A: Prepaid market has normal course open-loop market weaker due to transition to chip, closed loop side has performed well but prepaid segment was weak in Q1, expect better growth throughout year.