CPI Card Group Raises 2026 Free Cash Flow Outlook Following Record Revenue
CPI Card Group (PMTS) reported a strong third quarter, achieving its highest quarterly revenue in company history. Total revenue increased by 15% to $158 million, accompanied by double-digit adjusted EBITDA growth and record year-to-date free cash flow. Based on this performance, management has raised its 2026 free cash flow outlook to a range of $50 million to $55 million. Additionally, the company noted that net leverage is trending toward the lower end of its target range of 2.5x to 3.0x, signaling improved balance sheet strength.
Tickers: $PMTS
Topics: earnings report EBITDA free cash flow revenue growth
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Part of the story CPI Card Group reports mixed Q3 results; raises FY26 outlook (3 articles)