CPI Card Group Inc. · NASDAQ:PMTS
CPI Card — Q3 2026 Earnings Presentation
13 slides from CPI Card's earnings presentation, Nov 4, 2026
Slide 1: Q3 2026 Earnings Presentation
Q3 2026 Earnings Presentation John Lowe President & Chief Executive Officer Terra Grantham Chief Financial Officer
Slide 2: Cautionary Statements
Cautionary Statements Forward Looking Statements Certain statements and information in this presentation (as well as information included in other written or oral statements we make from time to time) may contain or constitute “forward-looking statements” within the meaning of the Private Securities
Slide 3: Strong Q3 Results Exceeded Expectations
Strong Q3 Results Exceeded Expectations STRONG REVENUE & PROFITABILITY GROWTH GOOD PROGRESS ON OUR DIVERSIFICATION STRATEGY New digital win with Progressing with Karta in $158M 15% Bankjoy for cloud-based push provisioning second stage prepaid pilot with large U.S. national Total Q3 Revenue YoY Q3 r
Slide 4: Our Strategy is Accelerating Growth & Diversification
Our Strategy is Accelerating Growth & Diversification Our Growth Pillars Proprietary Marketable Evolving Technology Platform Customer Base Payment Solutions An end-to-end payment Access to thousands of A proven track record of credential platform deep, broad, and rapidly delivering enabling seamless
Slide 5: Q3 2026 Financial Results
Q3 2026 Financial Results
Slide 6: Q3 2026 Financial Highlights
Q3 2026 Financial Highlights Key Highlights Revenue Gross Profit & Margin $USD millions $USD millions Q3 revenue increased 15%, driven by +23% +15% increased contactless volumes in 31.7% Company Secure Card, closed loop volumes in Record 29.7% Prepaid, as well as Integrated Paytech $158.4 $50.3 (“IP
Slide 7: Segment Revenue Performance
Segment Revenue Performance Secure Card Solutions Prepaid Solutions Integrated Paytech (“IPT”) Total $USD millions +15% +20% +13% Third Quarter $111.9 $26.9 $23.5 +15% $99.2 $23.3 $19.5 Q3 2025 Q3 2026 Q3 2025 Q3 2026 Q3 2025 Q3 2026 +21% +3% +8% Year-to-Date1 $332.6 $71.6 $63.0 +16% $275.5 $69.3 $5
Slide 8: Improving Balance Sheet With Healthy Liquidity
Improving Balance Sheet With Healthy Liquidity Cash & Cash Free Cash Flow1 Net Leverage Ratio2 Available Liquidity2 Equivalents $USD millions $USD millions ABL Revolver $96.4 $89.7 Company Record $21.7 $15.2 $46.1 3.6x 2.6x $74.7 $74.5 $6.1 YTD 2025 YTD 2026 Q3 2025 Q3 2026 Q4 2025 Q3 2026 Total $28
Slide 9: Q3 Highlights and 2026 Outlook
Q3 Highlights 2026 Outlook Raising Revenue Growth & Free Cash Flow Guidance For Second Consecutive Quarter; Affirming All Other Targets Record quarterly revenue with 15% growth 1 and 17% Adjusted EBITDA1 growth November 2026 August 2026 High-single to low- Revenue Growth Low-double-digit growth Doub
Slide 10: Contacts
Contacts Davis Barker Head of Investor Relations & Corporate Development (877) 369-9016 InvestorRelations@cpicardgroup.com 10
Slide 11: Reconciliations of Non-GAAP Financial Measures
Reconciliations of Non-GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA Margin Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 EBITDA represents earnings before interest, taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA (which
Slide 12: Reconciliations of Non-GAAP Financial Measures
Reconciliations of Non-GAAP Financial Measures Last Twelve Months Ended 1) Balance represents acquisition and integration costs primarily related to the LTM Adjusted EBITDA September 30, 2026 December 31, 2025 Arroweye acquisition that occurred on May 6, 2025. Reconciliation of net income to LTM EBI
Slide 13: Supplemental Financial Measures
Supplemental Financial Measures As of Net Leverage Ratio September 30, 2026 December 31, 2025 Management and various investors use the ratio of Calculation of Net Leverage Ratio: ($ in millions) debt principal outstanding, plus finance lease obligations, less cash divided by LTM Adjusted Senior Note