Filing Flows › CPI Card Group (PMTS) › Q1 2025
CPI Card Group (PMTS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
CPI Card Group (PMTS) reported revenue of $123M for the first quarter 2025 (Q1 2025), +10% from a year earlier and -2% from the quarter before. Operating margin was 11.5%, net earnings $4.8M (3.9% of revenue).
CPI Card Group, Q1 2025: revenue $123M (+10% year over year), operating margin 11.5%, net earnings $4.8M, operating cash flow $5.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $123M | -2% | +10% |
| Gross profit | $40.7M | -5% | -2% |
| Operating profit | $14.1M | -12% | -0.3% |
| Net earnings | $4.8M | -30% | -12% |
| Operating cash flow | $5.6M | -79% | -37% |
| Free cash flow | $292K | -99% | -96% |
What changed
Revenue was $122.8M in Q1 2025, up 10% year over year and down 2% from the previous quarter. Products was the largest line at 56% of revenue. Products added $11.0M year over year (up 19%), 102% of the total change.
Gross margin was 33.2%, down 3.9 points from a year earlier. Operating profit was $14.1M, a 11.5% margin (down 1.1 points year over year). Operating profit fell $41K even though revenue rose $10.8M versus a year earlier, so costs grew faster than sales. Operating expenses fell 3% while revenue rose 10%. Net earnings were $4.8M, down 12% year over year. The effective tax rate was 25.8%.
Operating cash flow was $5.6M (down 37% year over year), 117% of net earnings. Non-cash charges added back $4.2M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $5.1M. Capital expenditures of $5.3M left free cash flow of $292K.
Questions
What was CPI Card Group's revenue in the first quarter 2025?
CPI Card Group (PMTS) reported revenue of $123M for the first quarter 2025 (Q1 2025), +10% from a year earlier and -2% from the quarter before.
Was CPI Card Group profitable in the first quarter 2025?
Operating profit was $14.1M (11.5% of revenue) and net earnings $4.8M.
Source: CPI Card Group 10-Q on SEC EDGAR.