CPI Card Group Inc. has announced significant financial results for the fourth quarter and full year ending December 31, 2025. The company reported fourth quarter revenue of $153.1 million, marking a 22% increase from the previous year, fueled by the addition of Arroweye and higher sales of contactless cards.
Net income for the quarter rose by 9% to $7.4 million, while Adjusted EBITDA increased 34% to $29.4 million. For the entire year, CPI’s revenue reached $543.5 million, a 13% increase driven by similar factors. However, net income for the year decreased 23% to $15 million, impacted by costs related to acquisitions and integration. Adjusted EBITDA for 2025 rose 5% to $96.5 million.
The company generated operating cash flow of $60 million, up 37% from the prior year, and Free Cash Flow increased 21% to $41 million. “Our teams delivered exceptional fourth quarter performance, leading to solid results in a year defined by significant strategic and operational advancements,” said John Lowe, President and Chief Executive Officer.
CPI has announced plans for 2026, projecting high single-digit revenue growth and low-to-mid single-digit growth in Adjusted EBITDA. This outlook considers ongoing investments in growth and market penetration. The company also anticipates strong performance from each of its new business segments, particularly Integrated Paytech, which aims for more than 15% revenue growth.
In addition to strong financial performance, CPI has undergone significant strategic developments, including the acquisition of Arroweye Solutions and a partnership with Karta, an Australian payments technology firm. These moves are part of CPI’s larger strategy to enhance its position in the U.S. payments ecosystem.
Source: Press Release
