Business
Cantaloupe, Inc. Reports Third Quarter Fiscal Year 2025 Financial Results
Third Quarter 2025 Revenue increased 11.1% Year-Over-Year, to $75.4 million, driven by 10.1% YoY growth in Subscription and Transaction revenue growth Third
About this update from Cantaloupe, Inc.
[{"type":"text","content":"\nThird Quarter 2025 Revenue increased 11.1% Year-Over-Year, to $75.4 million, driven by 10.1% YoY growth in Subscription and Transaction revenue growth\n\nThird Quarter 2025 U.S. GAAP Net Income Applicable to Common Shares of $48.9 million and Adjusted EBITDA[1] of $13.9 million\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 third quarter ended March 31, 2025.\n\n“In the third quarter, we saw exciting adoption of our smart stores as well as strong earnings growth and cash flow generation” said Ravi Venkatesan, chief executive officer, Cantaloupe. \"I am pleased with our continued success increasing operating leverage through margin expansion.\"\n\nThird Quarter 2025 Key Financial Results:\n\n\nRevenue of $75.4 million, an increase of 11.1% compared to third quarter of fiscal year 2024.\n\n\nTransaction fees of $44.0 million, an increase of 10.0%.\n\n\nSubscription fees of $21.2 million, an increase of 10.3%.\n\n\nEquipment sales of $10.2 million, a increase of 17.9%.\n\n\n\n\nNet income applicable to common shares of $48.9 million, or $0.65 diluted earnings per share, compared to net income applicable to common shares of $4.4 million, or $0.06 diluted earnings per share, in the prior year quarter. This $44.5 million increase was mostly driven by a $42.2 million one-time release of the valuation allowance we had on our deferred tax assets associated with federal and state net operating loss carryforwards. See Note 12 – Income Taxes of the quarterly report on Form 10-Q as of March 31, 2025. Without this, the increase from the prior year quarter would have been $2.3 million.\n\n\nTotal dollar volumes of transactions were $852.4 million, an increase of 11.1% compared to third quarter of fiscal year 2024.\n\n\nTransaction volume totaled 296.1 million, an increase of 4.5%, compared to 283.3 million for third quarter fiscal year 2024.\n\n\nAdjusted Gross Margin[1] of 41.6% compared with 39.6% in third quarter fiscal 2024.\n\n\nSubscription fees Adjusted Gross Margin[1] increased to 90.7% compared to 89.6%.\n\n\nTransaction fee gross margins increased to 24.8% compared to 22.8%\n\n\nEquipment sales gross margins increased to 12.3% compared to 7.2%.\n\n\n\n\nAdjuste...