Filing Flows › CPI Card Group (PMTS) › Q1 2026
CPI Card Group (PMTS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
CPI Card Group (PMTS) reported revenue of $147M for the first quarter 2026 (Q1 2026), +20% from a year earlier and -4% from the quarter before. Operating margin was 7.5%, net earnings $2.1M (1.4% of revenue).
CPI Card Group, Q1 2026: revenue $147M (+20% year over year), operating margin 7.5%, net earnings $2.1M, operating cash flow $13.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $147M | -4% | +20% |
| Gross profit | $44.1M | -9% | +8% |
| Operating profit | $11.0M | -40% | -22% |
| Net earnings | $2.1M | -72% | -57% |
| Operating cash flow | $13.6M | -66% | +144% |
| Free cash flow | $10.1M | — | 35× |
What changed
Revenue was $147.1M in Q1 2026, up 20% year over year and down 4% from the previous quarter.
Gross margin was 30.0%, down 3.2 points from Q1 2025. Operating profit was $11.0M, a 7.5% margin (down 4.0 points year over year). Operating profit fell $3.1M even though revenue rose $24.3M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 25% against revenue growth of 20%. Net earnings were $2.1M, down 57% year over year. The effective tax rate was 36.0%.
Operating cash flow was $13.6M (up 144% year over year), 664% of net earnings. Non-cash charges added back $6.4M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $3.8M. After capital expenditures for plant, equipment and leasehold improvements, net ($3.5M), free cash flow as the company reports it was $10.1M.
Questions
What was CPI Card Group's revenue in the first quarter 2026?
CPI Card Group (PMTS) reported revenue of $147M for the first quarter 2026 (Q1 2026), +20% from a year earlier and -4% from the quarter before.
Was CPI Card Group profitable in the first quarter 2026?
Operating profit was $11.0M (7.5% of revenue) and net earnings $2.1M.
Source: CPI Card Group 10-Q on SEC EDGAR.