CANTALOUPE, INC.

Listed Company

CTLPCIK 0000896429NasdaqAcceleratedCalculating & Accounting Machines (No Electronic Computers)PennsylvaniaFY ends Jun 30

Period

FY 2025

Revenue

$302.55M

Net Income

$64.53M

Total Assets

$381.86M

Equity

$251.03M

Shares Out

73.72M

Op. Cash Flow

$20.34M

Business

CANTALOUPE, INC. is a global technology company powering self-service commerce by providing integrated payment processing and enterprise cloud solutions for distributed, unattended and attended retail environments. It offers hardware and software including cashless payment devices, POS terminals, self-checkout kiosks (Cantaloupe Go, Cheq), Seed and SB Software platforms, API services, and professional, network and card-processing services. Key business segments include subscription and transaction processing services, equipment sales and financing, and software/platform divisions supported by professional services. The company serves customers via direct sales, channel partners and resellers across the United States, the United Kingdom, EU countries, Australia, Mexico and other international markets.

Summary from filing dated 2025-09-08

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenues:	303	269	244	205	167
Costs of sales (exclusive of certain depreciation and amortization):	179	166	162	141	—
Sales and marketing	23	20	12	9	7
Technology and product development	17	17	21	22	16
General and administrative	44	41	37	31	36
Investigation, proxy solicitation and restatement expenses, net of insurance recoveries	0	−2	−362,000	1	0
Integration, acquisition, due diligence, and license application expenses	1	1	3	0	0
Depreciation and amortization	16	11	8	4	4
Total operating expenses	101	88	80	67	63
Operating income	22	14	760,000	−3	−9
Interest income	2	2	3	2	1
Interest expense	−3	−3	−2	−524,000	—
Other income (expense), net	1	−226,000	−135,000	−220,000	3
Total other (expense) income, net	−149,000	−1	54,000	1	370,000
Income before income taxes	22	13	814,000	−2	−8
Benefit from (provision for) income taxes	42	−985,000	−181,000	−186,000	−370,000
Segment net income	65	12	633,000	−2	−9
Preferred dividends	−578,000	−578,000	−623,000	−668,000	−668,000
Net income applicable to common shares	64	11	10,000	−2	−9
Net income applicable to common shares	64	11	10,000	—	—
Basic (in USD per share)	0.87	0.16	0	−0.03	−0.14
Diluted (in USD per share)	0.86	0.15	0	−0.03	−0.14

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-08-31
Cash and cash equivalents	51	59	51	68	—
Accounts receivable, net	38	44	30	38	—
Finance receivables, net	5	6	7	7	—
Inventory	46	41	32	20	—
Prepaid expenses and other current assets	13	8	4	4	—
Total current assets	153	158	123	137	—
Finance receivables, net	6	10	13	15	—
Property and equipment, net	39	34	25	13	—
Operating lease right-of-use assets	8	8	3	2	—
Intangibles, net	23	25	28	18	—
Goodwill	103	95	92	67	3
Deferred income taxes, net	43	0	—	—	—
Other assets	7	6	5	5	—
Total non-current assets	229	178	166	119	—
Total assets	382	336	290	256	—
Accounts payable	59	79	53	48	—
Accrued expenses	20	24	26	28	—
Current obligations under long-term debt	2	1	882,000	692,000	—
Deferred revenue	2	2	2	2	—
Total current liabilities	82	106	82	79	—
Deferred income taxes, net	0	466,000	275,000	186,000	—
Long-term debt	37	36	38	—	—
Other noncurrent liabilities	9	8	—	—	—
Total long-term liabilities	46	45	40	16	—
Total liabilities	128	151	122	96	—
Commitments and contingencies (Note 18)	—	—	—	0	—
Series A convertible preferred stock, 900,000 shares authorized, 385,782 and 385,782 issued and outstanding, with liquidation preferences of $23,301 and $22,722 at June 30, 2025 and 2024, respectively	3	3	3	3	—
Common stock, no par value, 640,000,000 shares authorized, 73,289,054 and 72,935,497 shares issued and outstanding at June 30, 2025 and 2024, respectively	0	0	0	470	—
Additional paid-in capital	487	482	477	—	—
Accumulated deficit	−236	−300	−312	−313	—
Accumulated other comprehensive income (loss)	198,000	−124,000	0	—	—
Total shareholders equity	251	182	165	157	—
Total liabilities, convertible preferred stock, and shareholders equity	382	336	290	256	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Stock-based compensation	4	5	5	6	9
Amortization of debt issuance costs and discounts	223,000	124,000	128,000	148,000	3
Provision for expected losses	2	4	6	—	—
Provision for inventory reserve	280,000	240,000	280,000	−397,000	693,000
Depreciation and amortization	18	12	9	5	4
Property and equipment write-off	0	601,000	364,000	0	2
Noncash lease expense	2	1	0	0	—
Deferred income taxes	−44	0	0	686,000	—
Other	−804,000	192,000	−116,000	—	—
Accounts receivable	5	−19	5	−14	−10
Finance receivables	5	4	−32,000	−2	−2
Inventory	−5	−9	−10	−14	3
Prepaid expenses and other assets	−5	−4	−180,000	−4	−847,000
Accounts payable and accrued expenses	−25	21	−458,000	12	7
Other noncurrent liabilities	−1	−651,000	−133,000	—	—
Deferred revenue	236,000	7,000	−226,000	130,000	65,000
Net cash provided by operating activities	20	28	14	−9	8
Capital expenditures	−17	−15	−16	−9	−2
Acquisition of business, net of cash acquired	−11	−4	−36	−3	0
Net cash used in investing activities	−28	−19	−52	−12	−2
Proceeds from long-term debt, net of issuance costs	39	0	25	—	—
Repayment of long-term debt	−39	−954,000	−1	—	—
Contingent consideration paid for acquisition	−673,000	0	−1	0	0
Repurchase of Series A Convertible Preferred Stock	0	0	−2	0	0
Payment of employee taxes related to stock-based compensation	−351,000	−219,000	−104,000	0	0
Proceeds from exercise of common stock options	731,000	115,000	0	895,000	78,000
Net cash provided by (used in) financing activities	42,000	−1	20	920,000	50
Effect of currency exchange rate changes on cash and cash equivalents	−21,000	−58,000	0	0	—
Net increase (decrease) in cash and cash equivalents	−8	8	−17	−20	56
Interest paid in cash	3	4	3	755,000	1
Income taxes paid in cash	751,000	223,000	61,000	94,000	81,000

Filings

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