CPI Card Group publishes Q3 2026 earnings call transcript
PMTS•CPI Card Group raised its 2026 revenue growth guidance to low double digits and forecast free cash flow of $50 million–$55 million. Third-quarter revenue rose 15% to $158 million, while adjusted EBITDA increased 17% to $27 million.
1. Guidance and results
CPI Card Group raised its 2026 guidance to low-double-digit revenue growth and free cash flow of $50 million–$55 million. Adjusted EBITDA growth guidance remained at low to mid-single digits, reflecting continued technology investments. Third-quarter revenue rose 15% to $158 million, and adjusted EBITDA increased 17% to $27 million.
2. Refinancing plans
Management expects to refinance senior notes shortly after the call-premium reduction to 102.5 in July 2027, seeking lower interest costs than the current 10%. The November 4 earnings call featured CEO John D. Lowe, CFO Terra Grantham, investor relations head Davis Barker and analysts.
