The strong Q4 performance and positive 2026 outlook, particularly the >15% growth target for the higher-margin Integrated Paytech segment, suggest continued momentum. Traders should monitor execution on the growth strategy and margin expansion in 2026.
Price Chart
Executive Summary
CPI Card Group reported strong Q4 and full-year 2025 results with revenue up 22% and 13% respectively, driven by the Arroweye acquisition and contactless card demand. Adjusted EBITDA grew 34% in Q4 and 5% for the year. The company introduced a new three-segment reporting structure and provided a 2026 outlook projecting high single-digit revenue growth and low-to-mid single-digit Adjusted EBITDA growth, with Integrated Paytech expected to grow over 15%.
Key Financial Metrics
Key Facts
- Q4 2025 revenue: $153.1 million (22% YoY growth)
- Full-year 2025 revenue: $543.5 million (13% YoY growth)
- Q4 2025 Adjusted EBITDA: $29.4 million (34% YoY growth)
- Full-year 2025 Adjusted EBITDA: $96.5 million (5% YoY growth)
- 2026 outlook: high single-digit revenue growth, low-to-mid single-digit Adjusted EBITDA growth
- Integrated Paytech segment targeted for >15% growth in 2026
Financial Impact
Revenue growth of 13% and Adjusted EBITDA growth of 5% for full-year 2025, with strong 22% revenue and 34% Adjusted EBITDA growth in Q4
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Debit and Credit | $451.5M | +20.3% |
| Prepaid Debit | $93.6M | -12.1% |
Risk Factors
- Gross margins declined due to higher production costs and unfavorable sales mix
- Net leverage ratio increased to 3.1x, indicating elevated debt levels
- Prepaid Solutions segment revenue declined 12% for the year
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-023809 |
| Document: pmts-20260305xex99d3.htm | 0001104659-26-023809 |
| Document: pmts-20260305xex99d2.htm | 0001104659-26-023809 |
| Document: pmts-20260305x8k.htm | 0001104659-26-023809 |
| Document: 0001104659-26-023809-index-headers.html | 0001104659-26-023809 |
| Document: 0001104659-26-023809-index.html | 0001104659-26-023809 |
| Document: 0001104659-26-023809.txt | 0001104659-26-023809 |
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