CPI Card Group (PMTS)
Provides secure cards, prepaid packaging, instant issuance, and digital provisioning for U.S. payment programs.
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Sells debit, credit, and prepaid card issuance services to U.S. financial institutions, processors, fintechs, and prepaid program managers. The business combines secure card production, personalization, fulfillment, Card@Once instant issuance, eco-focused materials, and newer integrated paytech services.
Builds and personalizes debit, credit, and prepaid payment cards for U.S. financial institutions, processors, fintechs, and prepaid program managers. Current reporting is organized around Secure Card Solutions, Prepaid Solutions, and Integrated Paytech.
Card@Once adds SaaS-based instant issuance for in-branch, on-demand cards, with digital push provisioning into mobile wallets. Eco-focused Earth Elements cards and Arroweye's on-demand personalization broaden the physical-card and fulfillment portfolio.
Execution depends on secure manufacturing, payment-card expertise, customer service, and compliance with payment-network and PCI data-security requirements. Order timing, material and labor costs, tariffs, competition, and customer inventory practices shape reported results.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 11, 2026 | Roth Capital | Reiterate | Rating: —Target: $25 | Target: $32 |
| Aug 11, 2026 | DA Davidson | Reiterate | Rating: —Target: $30 | Target: $34 |
| May 6, 2026 | Lake Street | Target | Target: $25 | Target: $27 |
| May 5, 2026 | Roth Capital | Target | Target: $30 | Target: $25 |
| Nov 5, 2025 | Lake Street | Reiterate | Rating: —Target: — | Target: $25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $21.4M · Total debt $275.2M · Total assets $390.4M · Shareholders' equity −$11.5M
- Revenue
- $149.2M
- Operating income
- $11.9M
- Net income
- $2.0M
No dividends on record.
| Institutions | 25.90% | 2.99M shares | |
|---|---|---|---|
| 80 holders · as of Jun 30, 2026 | |||
| Insiders | 5.70% | 656.9K shares | |
| 18 holders · as of Sep 14, 2026 | |||
| Strategic holders | 42.30% | 4.88M shares | |
| 2 holders · as of Sep 15, 2026 | |||
| Other | 26.10% | 3.01M shares | |
| remainder | |||
11.53M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Tricor Pacific Capital Inc.Strategic | 23.42% | 2.70M | filed Sep 15, 2026 |
Tricor PMT25 Holdings Inc.1Strategic10 percent owner | 18.87% | 2.18M | filed Sep 14, 2026 |
BlackRock, Inc.Institution | 4.48% | 516,403 | as of Jun 30, 2026 |
Pacific Ridge Capital Partners, LLCInstitution | 4.40% | 507,681 | as of Jun 30, 2026 |
H. Sanford RileyInsiderdirector, other: Non-Executive Chairman | 2.45% | 282,632 | filed Sep 14, 2026 |
- Tricor PMT25 Holdings Inc. reports a block also reported by Tricor Pacific Capital Inc.; it is counted once, under Tricor Pacific Capital Inc.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Equity ULC Parallel49 | 10 percent owner | −2,687,921 | $20.43 |
| Sep 14, 2026 | Tricor PMT25 Holdings Inc. | 10 percent owner | +525,000 | $21.50 |
| Sep 14, 2026 | H. Sanford Riley | director, other: Non-Executive Chairman | +13,953 | $21.50 |
| Sep 14, 2026 | Nicholas Peters | director | +11,628 | $21.50 |
| Sep 14, 2026 | Ravi Mallela | director | +1,000 | $21.50 |
- GPGI
Direct peer in premium secure card manufacturing
- Fiserv
Card issuing, processing, and instant-issuance overlap
- FIS
Issuer-processing scale overlaps digital card infrastructure
- Smurfit Westrock
Prepaid/card packaging overlap through WestRock roots
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CPI Card Group | $24.55 | −1.60% | $286.3M | 21.7 | 6.9 | 0.5 | +15.0% |
| GPGI | $12.16 | −3.49% | $3.65B | — | 11.1 | — | +295.7% |
| Fiserv | $45.74 | −0.78% | $24.58B | 8.8 | 6.2 | 1.2 | −10.0% |
| FIS | $34.82 | −0.40% | $18.08B | 5.4 | 5.4 | 1.5 | +29.1% |
| Smurfit Westrock | $46.87 | +0.90% | $24.36B | 49.4 | 15.9 | 0.8 | +1.7% |
| Median | 8.8 | 8.7 | 1.2 | +15.4% |






