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CTLP

Cantaloupe, Inc.

CTLP

Cantaloupe, Inc. • NASDAQ
$10.67 ▼ -0.19% (-0.02)
Market Cap $781.96 M
52w High $11.36
52w Low $7.01
Dividend Yield 0%
P/E 13.34
Volume 188.53K
Outstanding Shares 73.29M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $80.853M ▼ $31.886M ▲ $-919K ▼ -1.137% ▼ $-0.02 ▼ $6.216M ▼
Q4-2025 $82.563M ▲ $27.73M ▲ $6.831M ▼ 8.274% ▼ $0.093 ▼ $10.579M ▼
Q3-2025 $75.427M ▲ $24.462M ▼ $49.156M ▲ 65.17% ▲ $0.67 ▲ $14.149M ▲
Q2-2025 $73.722M ▲ $24.557M ▼ $4.974M ▲ 6.747% ▲ $0.068 ▲ $10.09M ▲
Q1-2025 $70.836M $24.744M $3.572M 5.043% $0.045 $7.932M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $54.985M ▲ $389.514M ▲ $134.956M ▲ $254.558M ▲
Q4-2025 $51.146M ▲ $381.858M ▲ $128.107M ▲ $253.751M ▲
Q3-2025 $46.337M ▲ $370.524M ▲ $127.115M ▲ $243.409M ▲
Q2-2025 $27.679M ▼ $303.045M ▼ $110.185M ▼ $192.86M ▲
Q1-2025 $33.124M $312.135M $123.185M $188.95M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-919K ▼ $6.973M ▼ $-3.434M ▲ $315K ▼ $3.839M ▼ $3.539M ▼
Q4-2025 $6.831M ▼ $9.426M ▼ $-5.086M ▲ $459K ▼ $4.809M ▼ $4.34M ▼
Q3-2025 $49.156M ▲ $22.41M ▲ $-5.207M ▼ $509K ▲ $18.658M ▲ $18.574M ▲
Q2-2025 $4.974M ▲ $522K ▲ $-4.29M ▲ $-476K ▼ $-5.445M ▲ $-3.768M ▲
Q1-2025 $3.572M $-12.018M $-13.552M $-450K $-25.796M $-15.809M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Product
Product
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Service
Service
 $60.00M ▲$70.00M ▲$70.00M ▲$70.00M ▲
Subscription Revenue
Subscription Revenue
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Transaction Processing
Transaction Processing
 $40.00M ▲$40.00M ▲$40.00M ▲$50.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, with margins slowly improving as the business scales. The company has moved from small losses to consistent, if still modest, profitability, helped by better cost control and higher gross profit. The most recent year shows a particularly strong jump in bottom-line earnings, which may include some non‑recurring factors and may not be fully representative of a “new normal.” Overall, the income statement tells a story of a maturing business that has turned the corner on profitability but still runs on relatively thin margins, leaving it sensitive to any slowdown or cost shock.

Balance Sheet

Balance Sheet The balance sheet looks gradually stronger over time, with total assets and shareholders’ equity both trending upward, indicating reinvestment and retained earnings. Cash levels have drifted down from earlier highs, while debt has risen a bit, but overall leverage still appears moderate rather than aggressive. This combination suggests a business that has funded growth with a mix of internal cash and some borrowing, without overextending itself. The main watchpoint is that the cash cushion is not especially large, so financial flexibility depends on maintaining positive cash generation.

Cash Flow

Cash Flow Cash flow from operations has generally been positive but somewhat uneven year to year, reflecting a business still smoothing out its working capital and growth investments. Free cash flow has hovered around breakeven, with recent years showing modest improvement as operating cash flow strengthens and capital spending remains controlled. Capital expenditures are meaningful enough to support product development and infrastructure, but not so heavy that they strain the balance sheet. Overall, cash generation is adequate for a growing niche tech company, but not yet consistently robust, so larger initiatives or shocks could require careful cash management.

Competitive Edge

Competitive Edge Cantaloupe holds a solid position in unattended retail, offering an integrated mix of hardware, software, and payment services that many smaller rivals cannot easily match. Its long operating history, large installed base, and data-rich platform create switching costs for customers and provide useful insights that enhance operator profitability. Recurring revenues from transaction processing and software increase business stability and deepen customer relationships. At the same time, the company operates in a fast-moving payments and retail-technology landscape, where larger tech and payments players, as well as emerging startups, remain ongoing competitive threats. The planned combination with 365 Retail Markets, if executed well, would significantly scale and widen its competitive footprint but also introduces integration and execution risks.

Innovation and R&D

Innovation and R&D Innovation is a clear strength: Cantaloupe’s Seed software, ePort cashless hardware, and newer offerings like Go Micro kiosks, Smart Stores, and Smart Aisle show a consistent push toward more autonomous, data-driven retail. The company’s patent portfolio and focus on combining payments, telemetry, and analytics into a single platform support a meaningful technology moat. It is leaning into frictionless, AI-enabled shopping experiences and even exploring new revenue streams such as advertising on terminals, which can deepen customer value. The merger with 365 Retail Markets is expected to expand R&D resources and accelerate innovation, particularly in artificial intelligence, advanced analytics, and new verticals like hospitality and entertainment.

Summary

Overall, Cantaloupe looks like a niche technology and payments platform that has transitioned from a turnaround phase into more stable, profitable growth. Financially, revenue and margins have improved, the balance sheet is reasonably sound, and cash flows are positive but not yet comfortably abundant, which leaves some vulnerability to bumps in the road. Strategically, the company benefits from an integrated, sticky platform, recurring revenue, and a strong innovation pipeline in unattended and frictionless retail. Key uncertainties include the thinness of margins, the consistency of free cash flow, competitive pressures in payments and retail tech, and the execution risk and strategic changes attached to its pending acquisition by 365 Retail Markets and resulting move to private ownership.