CTLP earnings analysis
What we found in CTLP's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- 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.
- Improvement in Subscription Fees
- Subscription fees rose by 7.2% to $22.67 million, driven by a larger customer base.
- Total Gross Profit Increases
- Total gross profit for the quarter was $27.17 million, up from $26.00 million in the prior year.
- 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.
- Reduction in Amortization Expense
- Amortization expenses decreased by approximately $2.1 million due to prior year adjustments.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Operating Margin Stagnation
- Operating margin remained low at 2% for the quarter, unchanged from the previous quarter.
- High Integration Costs
- Operating expenses surged 27.6% year-over-year to $31.20 million, primarily from merger and integration-related expenses.
- Non-disclosed EPS Indicates Loss
- The company reported a net loss of $2.16 million for the quarter, marking ongoing profitability challenges.
What they reported.
What the company itself reported, taken out of the document.
- Gross margin
- 38.8%
- Operating margin
- 2%
What they said about what is next.
Forward guidance deferred pending completion of merger with 365 Retail Markets.
The filing reads worse than the one before it.
What came before.
- 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%…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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