---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-105898"
form_type: "8-K"
ticker: "PMTS"
cik: "0001641614"
company_name: "CPI Card Group Inc."
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:38:42.773491+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPI Card Group Q3 net sales +11% to $138M; cuts 2025 Adj. EBITDA outlook to flat/low single-digit growth

## Summary
- Q3 net sales $138.0M (+11% YoY); net income $2.3M (+78%); diluted EPS $0.19.
- Adjusted EBITDA $23.4M (-7% YoY) due to lower gross margins and tariff costs.
- Debit/Credit segment sales +16% to $115.3M (Arroweye, Card@Once); Prepaid -7% to $23.3M.
- 2025 outlook revised: net sales growth low double-digit/low teens (from mid-teens); Adj. EBITDA growth flat/low single-digit (from mid/high single-digit).
- Redeemed $20M of 10% Senior Notes; net leverage 3.6x; free cash flow $6.1M YTD.

## SEC filing metadata
- accession: 0001104659-25-105898
- form_type: 8-K
- ticker: PMTS
- cik: 0001641614
- company_name: CPI Card Group Inc.
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641614/000110465925105898/0001104659-25-105898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641614/000110465925105898/pmts-20251104x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-105898
- JSON: https://secwatch.observer/filing/0001104659-25-105898.json
- Plain text: https://secwatch.observer/filing/0001104659-25-105898.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.