CPI Card Group Reports Record Q3 Results, Raises 2026 Guidance
Third-quarter revenue rose 15% year over year to $158 million, net income increased 117% to $5 million and adjusted EBITDA grew 17% to $27 million. The company raised its 2026 revenue-growth and free-cash-flow guidance for a second consecutive quarter, affirming its other targets.
CPI Card Group Inc. reported strong financial performance for the third quarter ended September 30, 2026, achieving record quarterly revenue of $158 million, a 15% increase year-over-year. Net income rose 117% to $5 million, supported by higher operating income, reduced interest expenses, and a lower effective tax rate. Adjusted EBITDA grew 17% to $27 million, driven by revenue expansion and a favorable segment mix.
Following these results, which exceeded company expectations, management raised its 2026 financial guidance for revenue growth and free cash flow for the second consecutive quarter while affirming all other targets. The company also reported record cash from operations of $57 million for the first nine months of the year and a net leverage ratio of 2.6x.