CPI Card Group Q1 net income drops 57% to $2.1 million; revenue rises 20% to $147.1 million

• CPI Card Group first-quarter revenue rose 20% to $147.1 million, while net income fell 57% to $2.1 million, or $0.17 a share.
• Adjusted EBITDA increased 9% to $23.2 million, while gross margin narrowed 3.2 percentage points to 30%.
• Secure Card Solutions revenue climbed 35% to $109.9 million, including $16 million from Arroweye, while Prepaid Solutions revenue dropped 17% to $22 million.
• Free cash flow improved to $10.1 million from $0.3 million, helped by stronger working capital management and lower capital spending.
• Outlook for 2026 was affirmed for high single-digit revenue growth and low-to-mid single-digit Adjusted EBITDA growth, with year-end net leverage ratio seen between 2.5x and 3.0x.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CPI Card Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260505720273) on May 05, 2026, and is solely responsible for the information contained therein.