Cantaloupe (CTLP) Q2 2026 earnings summary

Executive summary

• Revenue for the quarter ended December 31, 2025, increased 6.8% year-over-year to $78.7 million, driven by higher transaction and subscription fees and a modest rise in equipment sales.

• Net loss for the quarter was $0.07 million, compared to net income of $5.0 million in the prior year quarter, primarily due to higher merger, acquisition, and integration expenses.

• The company is in the process of being acquired by 365 Retail Markets, with the transaction expected to close in the first half of 2026, pending regulatory approval.

Financial highlights

• Subscription and transaction fees rose 7.1% year-over-year to $69.7 million for the quarter; equipment sales increased 4.6% to $9.0 million.

• Gross margin declined to 34.8% from 38.6% year-over-year, mainly due to increased transaction fee costs.

• Adjusted EBITDA for the quarter was $10.8 million, down from $19.6 million in the prior year quarter.

• Cash and cash equivalents stood at $53.0 million as of December 31, 2025.

Outlook and guidance

• Management expects the merger with 365 Retail Markets to close in the first half of 2026, subject to regulatory clearance.

• The company believes its current financial resources are sufficient to fund operations for the next twelve months.