Cpi Card Group Inc. · NASDAQ:PMTS
Cpi Card — Q2 2026 Earnings Presentation
15 slides from Cpi Card's earnings presentation, Aug 6, 2026
Slide 1: Second Quarter & First Half 2026 Earnings Presentation
Second Quarter & First Half 2026 Earnings Presentation John Lowe President & Chief Executive Officer Terra Grantham Chief Financial Officer Exhibit 99.2
Slide 2: Cautionary Statements
2 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 Securiti
Slide 3: Strong First Half of the Year
3 Strong First Half of the Year Strong Revenue & Profitability Growth Q2 revenue increased 15%, led by contactless, personalization and Arroweye Generated record first half revenue of $296M Gross profit increased more than 20% in Q2, driven by revenue growth and tariff refunds Adjusted EBITDA¹ incre
Slide 4: Our Strategy is Accelerating Growth & Diversification
4 Proprietary Technology Platform Marketable Customer Base Evolving Payment Solutions An end-to-end payment credential platform enabling seamless connectivity across the vast U.S. payment ecosystem Integrations to thousands of deep, broad, and recurring customer relationships across the U.S. payment
Slide 5: Acquisition of TRISM Instant Issuance
5 Acquisition of TRISM Instant Issuance Combining the scale of two established U.S. instant issuance platforms + Doubles CPI’s addressable market in U.S. instant issuance to access larger FI opportunities + Supports cloud and on-premise environments + Adds recurring revenue and multi-year customer r
Slide 6: Second Quarter & First Half 2026 Financial Results
Second Quarter & First Half 2026 Financial Results
Slide 7: Second Quarter 2026 Financial Highlights
$22.5 $24.1 Q2 2025 Q2 2026 $40.1 $48.5 Q2 2025 Q2 2026 $129.8 $149.2 Q2 2025 Q2 2026 7 Second Quarter 2026 Financial Highlights 1) Adjusted EBITDA and Adjusted EBITDA margin are not measurements of financial performance prepared in accordance with GAAP. See “Reconciliations of Non-GAAP Financial Me
Slide 8: Segment Revenue Performance
$19.3 $20.1 Q2 2025 Q2 2026 $19.2 $22.6 Q2 2025 Q2 2026 8 Segment Revenue Performance Se co nd Q ua rt er Fi rs t H al f Secure Card Solutions Prepaid Solutions Integrated Paytech (“IPT”) +18% +4% $94.7 $110.9 Q2 2025 Q2 2026 +17% $176.3 $220.7 H1 2025 H1 2026 $45.9 $44.7 H1 2025 H1 2026 $38.6 $39.5
Slide 9: Improving Balance Sheet With Healthy Liquidity
$74.7 $92.3 $21.7 $21.4 Q4 2025 Q2 2026 $0.8 $36.1 H1 2025 H1 2026 9 Improving Balance Sheet With Healthy Liquidity Investment in the Business, Including Strategic M&A Continue to Deleverage our Balance Sheet Return Capital to Shareholders Capital Allocation Priorities Free Cash Flow1 $USD millions
Slide 10: 2026 Outlook
10 May 2026August 2026 High-single-digit growthHigh-single to low-double-digit growth Revenue Growth • Growth expected in each segment • 15% growth in Integrated Paytech • Higher growth in Secure Card Solutions • Slight decline in Prepaid Solutions • ~20%1 growth in Integrated Paytech Segment Growth
Slide 11: Contacts
11 Contacts Davis Barker Head of Investor Relations & Corporate Development (877) 369-9016 InvestorRelations@cpicardgroup.com
Slide 12: Visa and Mastercard U.S. Cards in Circulation
1,221 1,252 1,267 1,296 1,332 1,354 1,379 1,411 1,407 1,369 1,389 1,425 1,424 693 725 738 751 760 762 783 830 846 863 880 884 914 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26 12 2,253 2,116 2,162 2,241 2,232 2,269 1,914 1,977 2,005 2,0922,047 Source: Vis
Slide 13: Adjusted EBITDA and Adjusted EBITDA Margin
Adjusted EBITDA and Adjusted EBITDA Margin EBITDA represents earnings before interest, taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA (which represents earnings before interest, taxes, depreciation and amortization) adjusted for litigation; stock-based compensation expens
Slide 14: Reconciliations of Non-GAAP Financial Measures
14 LTM Adjusted EBITDA We define LTM Adjusted EBITDA as adjusted EBITDA (defined previously) for the last twelve months. Free Cash Flow We define Free Cash Flow as cash flow from operating activities less capital expenditures. We use this metric in analyzing our ability to service and repay our debt
Slide 15: Net Leverage Ratio
15 Net Leverage Ratio Management and various investors use the ratio of debt principal outstanding, plus finance lease obligations, less cash divided by LTM Adjusted EBITDA, or “Net Leverage Ratio,” as a measure of our financial strength when making key investment decisions and evaluating us against