Cantaloupe (CTLP) Q2 2025 earnings summary

Executive summary

• Q2 FY25 revenue grew 12.8%–13% year-over-year to $73.7 million, driven by strong transaction and subscription revenue growth.

• Adjusted EBITDA increased 25.7%–26% year-over-year to $10.7 million, reflecting expanding operating leverage and disciplined expense management.

• Net income for the quarter was $5.0 million ($0.07 diluted EPS), up from $3.1 million ($0.04 EPS) last year.

• Growth fueled by micro markets, smart stores, and expanded customer base in North America and internationally.

• New product launches, including Smart Store models and Advantage digital advertising, and strategic partnerships supported business expansion.

Financial highlights

• Transaction revenue rose 17%–17.2% year-over-year to $44.4 million; subscription revenue up 14%–14.1% to $20.7 million.

• Total adjusted gross margin improved to 41.7% from 37.2% year-over-year; GAAP gross margin was 38.6%.

• Adjusted EBITDA for Q2 FY25 was $10.7 million, compared to $8.5 million in Q2 FY24.

• Cash and cash equivalents at quarter-end were $27.7 million, down from $58.9 million at June 30, 2024.

• Total dollar volume of transactions processed reached $843.1 million–$1.14 billion, up 15%–15.5% year-over-year.

Outlook and guidance

• FY25 revenue guidance reaffirmed at $308–$322 million, representing 15–20% growth.

• Transaction and subscription revenue expected to grow 15–20% year-over-year.

• FY25 net income projected at $22–$32 million; adjusted EBITDA at $44–$52 million.

• Operating cash flow expected between $24–$32 million.