CPI Card Group raises 2026 revenue outlook to low-double-digit growth
PMTS•CPI Card Group raised its 2026 revenue growth outlook to low double digits and increased free cash flow guidance to $50 million–$55 million. Third-quarter revenue rose 15% to a record $158.4 million.
1. Outlook raised
CPI Card Group raised its 2026 revenue growth outlook to low double digits from high-single to low-double digits, its second consecutive quarterly increase. Free cash flow guidance rose to $50 million–$55 million from $45 million–$50 million, while adjusted EBITDA growth guidance remained at low-to-mid single digits. The company expects year-end net leverage toward the low end of 2.5–3 times.
2. Quarterly results
Third-quarter revenue increased 15% to a record $158.4 million, driven by higher card volumes and Integrated Paytech growth. Year-to-date free cash flow reached a record $46.1 million, and net leverage fell to 2.6 times from 3.6 times a year earlier.
