CPI Card Group Inc.
- Open
- 20.78
- Day high
- 21.00
- Day low
- 20.10
- Prev close
- 20.78
- Volume
- 11K
- Mkt cap
- $240M
- P/E (TTM)
- 19.6
- EPS (TTM)
- $1.07
- P/B
- -17.1
- P/S
- 0.4
- Yield
- —
- Per share
- —
- ▲Insiders net buying $116K over the last 3 months (2 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
CPI Card Group Inc. (PMTS) is a Financial Services company listed on NASDAQ. The stock is down 13% over the past year. Over the trailing 3 months, insiders filed 2 open-market buys and 1 sale (SEC Form 4).
CPI Card Group Inc. (PMTS) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PMTS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $0.24 | $0.38 | +58.3% | $147M | +9.2% |
| Mar 5, 2026 | $0.65 | $0.77 | +18.5% | $153M | +10.3% |
| Nov 4, 2025 | $0.63 | $0.47 | -25.4% | $138M | -5.0% |
| Aug 8, 2025 | $0.56 | $0.04 | -92.9% | $130M | -8.5% |
| Mar 4, 2025 | $0.52 | $0.57 | +9.6% | $125M | +2.7% |
| Mar 7, 2024 | $0.32 | $0.23 | -28.1% | $103M | -1.7% |
| Mar 8, 2023 | $0.37 | $1.06 | +186.5% | $126M | +22.4% |
| Nov 3, 2022 | $0.58 | $1.01 | +74.1% | $125M | +8.1% |
| May 5, 2022 | $0.24 | $0.51 | +112.5% | $111M | +19.8% |
| Mar 8, 2022 | $0.35 | $0.06 | -82.9% | $93M | -1.3% |
| Nov 5, 2021 | — | $0.56 | — | $100M | — |
| Aug 12, 2021 | — | $0.53 | — | $93M | — |
PMTS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 11, 2026 | Dixon Robert Michaelofficer: Chief Digital Officer | Option | 636 | — |
| Jun 11, 2026 | LOWE JOHNdirector, officer: President and CEO | Option | 3,401 | — |
| Jun 11, 2026 | LOWE JOHNdirector, officer: President and CEO | Tax | 1,496 | $18.48 |
| Jun 11, 2026 | O'LEARY MARGARETofficer: Chief Commercial Officer | Option | 2,229 | — |
| Jun 11, 2026 | VOLLMER SONYAofficer: Chief Human Resources Officer | Option | 1,184 | — |
| Jun 11, 2026 | O'LEARY MARGARETofficer: Chief Commercial Officer | Tax | 641 | $18.48 |
| Jun 11, 2026 | VOLLMER SONYAofficer: Chief Human Resources Officer | Tax | 379 | $18.48 |
| Jun 11, 2026 | Dixon Robert Michaelofficer: Chief Digital Officer | Tax | 192 | $18.48 |
| Jun 2, 2026 | Grantham Terra Leeofficer: Interim Chief Financial Off. | Option | 384 | — |
| Jun 2, 2026 | VOLLMER SONYAofficer: Chief Human Resources Officer | Option | 380 | — |
| Jun 2, 2026 | SHEINBAUM MARCdirector | Option | 1,393 | — |
| Jun 2, 2026 | LOWE JOHNdirector, officer: President and CEO | Option | 4,765 | — |
| Jun 2, 2026 | Grantham Terra Leeofficer: Interim Chief Financial Off. | Option | 297 | — |
| Jun 2, 2026 | VOLLMER SONYAofficer: Chief Human Resources Officer | Grant | 1,831 | — |
| Jun 2, 2026 | VOLLMER SONYAofficer: Chief Human Resources Officer | Tax | 113 | $16.97 |
Source: PMTS SEC Form 4 filings, latest Jun 11, 2026. For informational purposes only — not investment advice.
See the full PMTS insider & 13F page →CPI Card Group Inc. company profile
Overview
CPI Card Group Inc. (NASDAQ:PMTS) is a leading provider of financial payment card manufacturing and related services in the United States. Founded in 2007 and publicly traded since 2015, the company has evolved from a traditional card manufacturer into a comprehensive payment solutions provider. Based in Littleton, Colorado, CPI Card Group serves financial institutions, prepaid card program managers, and other payment industry participants through its integrated manufacturing, personalization, and fulfillment services.
Business
CPI Card Group operates in the financial payment card manufacturing industry, which serves as a critical infrastructure component of the broader payments ecosystem. The company produces the physical payment cards that consumers carry in their wallets - including debit cards, credit cards, and prepaid cards - along with providing various related services. The company operates through two primary business segments. The **Debit and Credit segment** represents approximately 80% of total revenue and focuses on producing traditional banking payment cards for financial institutions. This includes both EMV (Europay, Mastercard, and Visa) chip-enabled cards and older magnetic stripe cards, as well as premium metal cards and private label credit cards. Beyond manufacturing, this segment provides card personalization services (adding customer names, account numbers, and other data), fulfillment services (packaging and shipping), and instant issuance solutions through their Card@Once platform, which allows banks to produce cards on-demand at branch locations. The **Prepaid Debit segment** accounts for roughly 20% of revenue and serves the growing prepaid card market. This segment produces cards for various prepaid programs including gift cards, payroll cards, government benefit cards, and healthcare payment cards like FSA/HSA cards. A key differentiator in this segment is their tamper-evident security packaging services, which help prevent fraud - a critical concern in prepaid card distribution. The payment card industry has been undergoing significant technological transitions, including the shift from magnetic stripe to EMV chip technology, the adoption of contactless payment capabilities, and the integration of cards with mobile wallets. CPI Card Group has positioned itself to capitalize on these trends while also expanding into adjacent markets such as digital payment solutions and specialized card applications for healthcare and other vertical markets.
Competitive moat
CPI Card Group operates in a specialized manufacturing industry with moderate barriers to entry, resulting in a relatively narrow competitive moat. The company's primary competitive advantages stem from its established customer relationships, operational scale, and technical capabilities rather than truly defensible structural advantages. The company's strongest moat elements include its deep integration with major financial institutions through multi-year contracts and its comprehensive service offering that combines manufacturing, personalization, and fulfillment capabilities. The instant issuance business through Card@Once creates some customer stickiness, as banks invest in the equipment and training to operate these systems. CPI's production scale and geographic footprint across multiple facilities provide operational advantages and redundancy that smaller competitors cannot easily replicate. However, the competitive moat faces several challenges. The card manufacturing industry is relatively mature with established competitors, and the core manufacturing process, while requiring specialized equipment and expertise, is not proprietary technology. Large customers have significant bargaining power and can potentially switch suppliers, though the switching costs and operational complexity provide some protection. The industry also faces long-term secular headwinds from the gradual shift toward digital payments, though physical cards remain essential for the foreseeable future. **Competitive threats** include other established card manufacturers, potential new entrants with lower cost structures, and the broader trend toward digital payment methods. Additionally, large financial institutions could potentially bring card production in-house, though this appears unlikely given the specialized nature of the operations and capital requirements involved. The company's expansion into digital solutions and adjacent markets represents an attempt to strengthen its competitive position and reduce dependence on traditional card manufacturing.
Risks & safety
CPI Card Group presents a moderate margin of safety profile with some financial strengths offset by structural challenges. **Financial Position:** 1. Current ratio of 2.95 indicates strong short-term liquidity 2. Cash position of $31.5 million provides operational flexibility 3. Positive free cash flow generation of $34.1 million in 2024 4. Debt refinancing completed in 2024, extending maturities to 2029 5. Net leverage ratio of approximately 3.2x, manageable but elevated **Valuation Metrics:** 1. EV/EBITDA of 2.92 appears attractive for a stable manufacturing business 2. P/E ratio of 17.2 is reasonable given growth prospects 3. Price-to-book ratio is negative due to accumulated losses exceeding equity **Other Considerations:** 1. Negative book value creates accounting complexity but doesn't necessarily indicate insolvency 2. Customer concentration risk with major financial institutions 3. Cyclical nature of card issuance tied to economic conditions 4. Capital requirements for facility expansion and technology investments
Recent development
Over the past few years, CPI Card Group has pursued a strategic transformation from a traditional card manufacturer to a more diversified payment solutions provider. The company has made significant investments in expanding its addressable market from approximately $1.5 billion to $2 billion through innovation and market diversification. **Key strategic initiatives** include the development of eco-focused contactless cards, which have become a major growth driver representing over 80% of secured card volume. The company has sold nearly 100 million eco-focused cards since launching the initiative in 2019. The Card@Once instant issuance platform has expanded to over 16,000 branch locations, creating a recurring revenue stream and deeper customer relationships. **Technology and innovation investments** have focused on digital solutions, including mobile wallet push provisioning capabilities and advanced contactless chip technology with integrated antennas. The company has also developed partnerships for fraud prevention tools and expanded into specialized markets such as healthcare payment solutions for FSA/HSA cards. **Operational expansion** includes the construction of a new production facility in Indiana, expected to be operational by mid-2025, which will increase overall production capacity by approximately 10% and incorporate advanced automation. The company completed a major debt refinancing in 2024, extending debt maturities to 2029 and improving financial flexibility. **Recent acquisitions** include Arroweye Solutions in 2025, which provides on-demand payment card solutions targeting smaller, more agile card programs and fintech companies seeking hyper-personalization and quick turnaround times. This acquisition represents CPI's continued expansion into adjacent markets and digital solutions.
PMTS company profile · for informational purposes only — not investment advice.
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