10-Q · November 6, 2025
Cantaloupe reported revenues of $80.9 million for the quarter ended September 30, 2025, up 14.1% year-over-year, driven by higher transaction, subscription and equipment sales. Gross margin was essentially flat at 38.1%…
Earnings analysis · 10-Q
CTLP earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Cantaloupe, Inc. reported revenues of $79 million for the quarter ending March 31, 2026, a 4.3% increase from the prior year. The company experienced operational challenges, as evidenced by a drop in gross margin to…
Read full summary
Cantaloupe, Inc. reported revenues of $79 million for the quarter ending March 31, 2026, a 4.3% increase from the prior year. The company experienced operational challenges, as evidenced by a drop in gross margin to 38.8% and a significant increase in operating expenses due to merger-related costs. EPS remains undefined as there was a reported loss of $2.16 million for the quarter. Guidance for the future remains uncertain due to ongoing merger activity with 365 Retail Markets.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Revenue Grows 4.3% Year-Over-Year
Cantaloupe reported revenues of $78.7 million for Q3 2026, up from $75.4 million in Q3 2025.
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Increase in Active Customers and Devices
Active customers increased by 2,813 to 36,928 compared to the previous year, with active devices rising to 1.30 million.
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Improvement in Subscription Fees
Subscription fees rose by 7.2% to $22.67 million, driven by a larger customer base.
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Total Gross Profit Increases
Total gross profit for the quarter was $27.17 million, up from $26.00 million in the prior year.
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Free Cash Flow Stabilizes
Free cash flow for the nine months ending March 31, 2026 was $22 million, a significant improvement from a negative $24 million in the same period last year.
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Reduction in Amortization Expense
Amortization expenses decreased by approximately $2.1 million due to prior year adjustments.
What to watch
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Operating Margin Stagnation
Operating margin remained low at 2% for the quarter, unchanged from the previous quarter.
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High Integration Costs
Operating expenses surged 27.6% year-over-year to $31.20 million, primarily from merger and integration-related expenses.
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Non-disclosed EPS Indicates Loss
The company reported a net loss of $2.16 million for the quarter, marking ongoing profitability challenges.
Management's outlook
Forward guidance deferred pending completion of merger with 365 Retail Markets.
Earlier filings 4
10-Q · November 7, 2024
Cantaloupe reported quarterly revenue of $70.836M, up 13.0% year-over-year, driven by a $8.657M (15.7%) increase in subscription and transaction fees to $63.792M. Gross margin improved to 38.3% from 35.7% and net income…
10-K · September 10, 2024
Cantaloupe reported FY2024 revenue of $268.6M, up 10% year-over-year, driven by a 15% increase in total dollar transaction volume to $3.038B and subscription & transaction fees of $231.497M. The company returned to…
10-Q · May 9, 2023
Cantaloupe reported Q3 revenue of $60.356M, up $10.056M or 20.0% YoY, driven by higher subscription/transaction fees and equipment sales. Gross profit rose to $22.893M (gross margin ~37.9%) and operating income improved…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.