Cantaloupe, Inc. Reports Revenue Growth Amid Merger Plans
Cantaloupe, Inc. reported Q1 revenue growth to $80.9 million, up from $70.8 million last year, despite a net loss of $919,000 due to increased operating expenses and merger costs. Subscription and transaction fees rose 10% to $70.3 million, with equipment sales at $10.5 million. The company is merging with 365 Retail Markets, LLC, expected to close in 2026, aiming to expand market presence and enhance technology offerings.
Cantaloupe, Inc. ( (CTLP) ) has released its Q1 earnings. Here is a breakdown of the information Cantaloupe, Inc. presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Cantaloupe, Inc. is a digital payments and software services company that provides end-to-end technology solutions for self-service commerce, operating primarily in the financial technology sector. The company offers a single platform for integrated payments processing and software solutions, serving a diverse range of industries including vending, micro-markets, and smart retail.
In its latest earnings report for the quarter ended September 30, 2025, Cantaloupe, Inc. reported total revenues of $80.9 million, marking a significant increase from $70.8 million in the same quarter of the previous year. Despite this revenue growth, the company experienced a net loss of $919,000 compared to a net income of $3.6 million in the prior year, attributed to increased operating expenses and merger-related costs.
Key financial highlights include a 10% increase in subscription and transaction fees, reaching $70.3 million, and a notable rise in equipment sales to $10.5 million. However, the company’s operating expenses surged to $31.9 million, driven by merger, acquisition, and integration expenses, which significantly impacted profitability. Additionally, the company is navigating through a merger with 365 Retail Markets, LLC, which is expected to close in the first half of 2026.
Looking ahead, Cantaloupe, Inc. remains focused on expanding its market presence and enhancing its technology offerings. The management is optimistic about the merger’s potential to create synergies and drive future growth, although the completion of the merger is contingent upon regulatory approvals and other customary closing conditions.
