AI Earnings Predictions for CPI Card Group Inc. (PMTS)

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EX-99.1

2 pmts-20260505xex99d1.htm

EX-99.1

Exhibit 99.1

CPI Reports Solid First Quarter Results

​

Date: May 5, 2026

​

First Quarter Revenue Increased 20% to $147 Million

Net Income Decreased 57% to $2 Million due to Non-recurring Integration Costs; Adjusted EBITDA Increased 9% to $23 Million

Full Year Outlook Affirmed

​

Denver, Colo. May 5, 2026 -- CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payments technology company providing a comprehensive range of physical and digital payment solutions for U.S. financial institutions, processors, fintechs, prepaid program managers and more, today reported financial results for the quarter ended March 31, 2026 and affirmed its financial outlook for 2026.

CPI’s first quarter revenue exceeded the Company’s expectations, increasing 20% to $147.1 million, driven by the addition of Arroweye and increased sales of contactless cards and personalization services. Net income in the quarter decreased 57% to $2.1 million, primarily due to $3 million of integration costs related to the Arroweye acquisition, and Adjusted EBITDA increased 9% to $23.2 million.

​

“We delivered solid first quarter results and are on track to achieve our full year outlook,” said John Lowe, President and Chief Executive Officer. “We generated strong revenue growth in the quarter, led by contribution from Arroweye and increased sales of our other secure card solutions, while continuing to invest for long-term growth and diversification.”

​

The Company further advanced its strategy of providing payment technology solutions that help its customers win, driven by three primary growth pillars that underpin CPI’s value proposition:

●A proprietary technology platform with a vast reach into the U.S. payments eco-system;

●A marketable base of thousands of deep and broad relationships across the U.S. payments market; and

●A proven track record of delivering evolving payment solutions that reflect changing market needs.

​

Lowe added, “Recent strategic advances include expanding the base for our Software-as-a-Service-based instant issuance solution, delivering secure packaging solutions for the closed loop prepaid payment card market, and further building our integrations and customer pipeline to support push provisioning for mobile wallets and other digital solutions.”

​

CPI today also affirmed its financial outlook for 2026, which projects high single-digit revenue growth and low-to-mid single-digit Adjusted EBITDA growth.

The Company operates in multiple growing markets, supported by increasing demand for digital solutions from financial institutions, increased focus on security for prepaid cards and packages, and ongoing growth in the payment card market, as evidenced by the 6% compound annual growth rate in Visa and Mastercard® U.S. debit and credit cards in circulation for the three-year period ending December 31, 2025.

​

Strategic, Business, and Capital Highlights

●The Company advanced the integration and expansion of Arroweye, a leading provider of on-demand payment card solutions for the U.S. market acquired by CPI in May 2025. Arroweye has contributed nearly $60 million of revenue in less than 11 months since acquisition.

●CPI continued to team with Karta, an Australia-based payments technology firm that CPI made a minority investment in during 2025, to integrate Karta’s SafeToBuy technology with CPI’s prepaid solutions in the U.S. market, progressing an extensive pilot with a large national retailer.

●CPI continues to be the leading provider of Software-as-a-Service-based instant issuance solutions in the U.S., with growth of approximately 20% in 2025, and installations across more than 2,500 financial institutions. This business generates strong recurring revenue streams due to high customer retention rates and a unique value proposition in the market.

●CPI continues to advance its market and product expansion strategies, including closed loop prepaid payment solutions and digital offerings such as push provisioning capabilities for mobile wallets and payment card fraud solutions.

●The Company generated strong Free Cash Flow in the first quarter, decreased its ABL revolver borrowings by $10 million, and ended the quarter with a Net Leverage Ratio of 3.0x.

​

First Quarter 2026 Financial Highlights

Revenue increased 20% to $147.1 million in the first quarter of 2026, compared to the prior year period.

●Secure Card Solutions segment revenue increased 35% to $109.9 million, driven by the addition of Arroweye, which contributed $16 million of revenue in the quarter; increased sales of contactless cards, including metal cards; and increased sales of personalization services.

●Prepaid Solutions segment revenue decreased 17% to $22.0 million, as expected, primarily due to comparisons with strong sales of higher-value packaging solutions in the prior year period, partially offset by sales of closed loop payment cards.

●Integrated Paytech segment revenue incr

CPI CARD GROUP INC._March 5, 2026 0001641614false00016416142026-03-052026-03-05 ​ ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 5, 2026

CPI CARD GROUP INC.

(Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation) 001-37584 (Commission File Number) 26-0344657 (IRS Employer Identification No.)

​ ​ ​

​ CPI Card Group Inc. 10368 W. Centennial Road Littleton, CO (Address of principal executive offices) 80127 (Zip Code)

​ (720) 681-6304 (Registrant’s telephone number, including area code) N/A (Former name or former address, if changed since last report) ​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, $0.001 par value

PMTS

Nasdaq Global Market

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​ ​

Item 2.02 Results of Operations and Financial Condition

On March 5, 2026, CPI Card Group Inc. (the “Company”) issued a press release announcing financial results for its fiscal quarter and full year ended December 31, 2025 (the “Earnings Release”). A copy of the Earnings Release is attached hereto as Exhibit 99.1. Segment Realignment ​ Effective for the quarter ending March 31, 2026, the Company implemented a change in the structure of its reportable segments to align with its internal management reporting and operating structure and consistent with the Company’s increased strategic focus on expanding and developing additional proprietary integrated technological solutions for its customer base. This change was made to reflect the revised manner in which the Company’s Chief Operating Decision Maker manages the Company’s business, including for performance assessment and resource allocation. ​ Supplemental Information ​ Included as Exhibit 99.3 to this Current Report on Form 8-K is a schedule that presents the Company’s updated segment results for each of the quarters in 2025 as well as the full year 2025, consistent with the new reportable segment structure so investors can understand the effect of the new segment structure on historical financial information. ​ Item 7.01   Regulation FD Disclosure In connection with the issuance of the Earnings Release, the Company is holding a public conference call on March 5, 2026, during which John Lowe, President and Chief Executive Officer, and Terra Grantham, Interim Chief Financial Officer, will provide the presentation attached hereto as Exhibit 99.2. Information regarding access to the conference call and webcast is set forth in the Earnings Release. ​ Item 8.01 Other Events ​ The segment realignment resulted in the following new reportable segments: ​ ●Secure Card Solutions: primarily produces secure debit and credit cards and provides card personalization services for U.S. card-issuing financial institutions, including highly customizable, on-demand payment card solutions; ●Prepaid Solutions: primarily provides prepaid debit cards and secure packaging solutions and other integrated prepaid card services to prepaid program managers in the U.S.; and ●Integrated Paytech: primarily provides a SaaS-based instant issuance solution, which gives customers the ability to issue an instant personalized debit or credit card within a customer location; and other digital payment solutions such as push provisioning for mobile wallets.

Although this realignment does not impact the Company’s previously reported consolidated financial statements, for the convenience of investors and to facilitate year-over-year comparability, the Company is furnishing updated segment information under the new segment structure. The updated information reflects only reclassification of prior period segment data and does not represent a resta