Business
Cantaloupe, Inc. Reports Second Quarter Fiscal Year 2025 Financial Results
Second Quarter 2025 Revenue increased 12.8% Year-Over-Year, to $73.7 million, driven by 16% YoY growth in Subscription and Transaction revenue growth Second
About this update from Cantaloupe, Inc.
[{"type":"text","content":"\nSecond Quarter 2025 Revenue increased 12.8% Year-Over-Year, to $73.7 million, driven by 16% YoY growth in Subscription and Transaction revenue growth\n\n\nSecond Quarter 2025 U.S. GAAP Net Income Applicable to Common Shares of $5.0 million and Adjusted EBITDA[1] of $10.7 million\n\n\nReiterates Fiscal Year 2025 Guidance\n\n\n MALVERN, Pa.--(BUSINESS WIRE)--\nCantaloupe, Inc. (Nasdaq: CTLP) (“Cantaloupe” or the “Company”), a global leading provider of end-to-end technology solutions for self-service commerce, today reported results for the second quarter ended December 31, 2024.\n\n\n“In the second quarter, we saw increased adoption of new products and accelerated growth in subscription and transaction revenue,” said Ravi Venkatesan, chief executive officer, Cantaloupe. “I am pleased with our continued success increasing operating leverage through margin expansion.”\n\n\nSecond Quarter 2025 Key Financial Results:\n\n\n\nRevenue of $73.7 million, an increase of 12.8% compared to second quarter of fiscal year 2024.\n\n\nTransaction fees of $44.4 million, an increase of 17.2%.\n\n\n\nSubscription fees of $20.7 million, an increase of 14.1%.\n\n\n\nEquipment sales of $8.6 million, a decrease of 7.4%.\n\n\n\n\n\n\nNet income applicable to common shares of $5.0 million, or $0.07 diluted earnings per share, compared to net income applicable to common shares of $3.1 million, or $0.04 diluted earnings per share, in the prior year quarter.\n\n\n\nTotal dollar volumes of transactions were $843.1 million, an increase of 15.5% compared to second quarter of fiscal year 2024.\n\n\n\nTransaction volume totaled 299.8 million, an increase of 4.6%, compared to 286.7 million for second quarter fiscal year 2024.\n\n\n\nAdjusted Gross Margin[1] of 41.7% compared with 37.2% in second quarter fiscal 2024.\n\n\nSubscription fees Adjusted Gross Margin[1] increased to 89.7% compared to 89.0%.\n\n\n\nTransaction fee gross margins increased to 25.6% compared to 21.1%\n\n\n\nEquipment sales gross margins increased to 9.1% compared to 1.8%.\n\n\n\n\n\n\nAdjusted EBITDA[1] of $10.7 million compared to $8.5 million in second quarter of fiscal year 2024, an increase of 25.7%.\n\n\n\nAverage revenue per unit[2] increased 11.2% to $202.20, compared to $181.91 for second quarter 2024.\n\n\n\nSecond Quarter 2025 Business Highlights:\n\n\n\nIn October 2024, we launc...