Cantaloupe, Inc., a digital payments and software services company, provides technology solutions for the self-service commerce market. The company offers a suite of solutions, including micro-payment processing, self-checkout kiosks, mobile ordering, connected point-of-sale (POS) systems, and enterprise cloud software. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage, Engage Combo, and Engage Plus, which are digital touchscreen devices that offer networking, security, and interactivity payment methods; and P series, which are card touchscreen card readers that include P66, P100, P100Pro, and P30. In addition, the company offers self-checkout kiosks, smart store concepts, and the Cantaloupe Go management platform comprising Go Mini, Go MiniX, Go Plus100, Go Plus200, Go Plus300, Go Max, Cooler Cafe, Smart Store Go Micro kiosk, and Cantaloupe Smart Aisle. Further, it provides the Seed platform, a cloud-based asset management and optimization solution; remote price change, an add-on software service within the Seed platform; Cantaloupe Go portal, a robust cloud-based platform; Seed API, an API web service; and additional services, such as Cantaloupe Go consumer mobile app loyalty programs, campus card integrations, digital ad-management, and data warehouse services. Additionally, the company offers professional, network infrastructure, card processing, and customer/consumer services. Cantaloupe, Inc. was formerly known as USA Technologies, Inc. The company was incorporated in 1992 and is headquartered in Malvern, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $303M | $43M | $65M | $3M | 25.4% | 12.6% | 438.1% |
| 2024 | $269M | $28M | $12M | $13M | 6.5% | 10.2% | 1794.6% |
| 2023 | $244M | $12M | $1M | $-2M | 0.4% | 18.7% | - |
| 2022 | $205M | $4M | $-2M | $-18M | -1.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 205.20 | 243.64 | 268.60 | 302.55 |
| Cost Of Revenue | 141.01 | 162.41 | 165.94 | 178.72 |
| Gross Profit | 64.19 | 81.24 | 102.65 | 123.82 |
| Operating Expense | 65.66 | 77.70 | 88.81 | 100.48 |
| Operating Income | -1.46 | 3.54 | 13.84 | 23.35 |
| EBITDA | 4.33 | 11.95 | 28.12 | 42.75 |
| EBIT | -0.99 | 3.14 | 15.91 | 24.95 |
| Pretax Income | -1.52 | 0.81 | 12.98 | 22.18 |
| Tax Provision | 0.19 | 0.18 | 0.98 | -42.35 |
| Net Income | -1.70 | 0.63 | 11.99 | 64.53 |
| Net Income Common Stockholders | -2.37 | 0.01 | 11.41 | 63.95 |
| Total Expenses | 206.66 | 240.10 | 254.75 | 279.20 |
| Interest Expense | 0.52 | 2.33 | 2.93 | 2.77 |
| Interest Income | 1.88 | 2.52 | 1.97 | 1.56 |
| Research And Development | 21.88 | 20.73 | 16.53 | 17.45 |
| Selling General And Administration | 39.43 | 49.35 | 61.70 | 67.15 |
| Normalized EBITDA | 5.53 | 14.73 | 27.79 | 43.77 |
| Normalized Income | -0.76 | 2.79 | 11.69 | 65.34 |
| Basic EPS | -0.03 | 0 | 0.16 | 0.87 |
| Diluted EPS | -0.03 | 0 | 0.15 | 0.86 |
| Tax Effect Of Unusual Items | -0.25 | -0.62 | 0.02 | -0.21 |
| Tax Rate For Calcs | 0.21 | 0.22 | 0.08 | 0.21 |
| Total Unusual Items | -1.20 | -2.78 | 0.33 | -1.02 |
| Total Unusual Items Excluding Goodwill | -1.20 | -2.78 | 0.33 | -1.02 |
| Net Income From Continuing Operation Net Minority Interest | -1.70 | 0.63 | 11.99 | 64.53 |
| Reconciled Depreciation | 5.33 | 8.81 | 12.20 | 17.80 |
| Reconciled Cost Of Revenue | 140.03 | 161.22 | 164.31 | 176.80 |
| Net Interest Income | 1.36 | 0.19 | -0.96 | -1.21 |
| Net Income From Continuing And Discontinued Operation | -1.70 | 0.63 | 11.99 | 64.53 |
| Total Operating Income As Reported | -2.66 | 0.76 | 14.17 | 22.33 |
| Diluted Average Shares | 79.03 | 72.51 | 74.17 | 74.68 |
| Basic Average Shares | 79.03 | 71.98 | 72.82 | 73.16 |
| Diluted NI Availto Com Stockholders | -2.37 | 0.01 | 11.41 | 63.95 |
| Preferred Stock Dividends | 0.67 | 0.62 | 0.58 | 0.58 |
| Net Income Including Noncontrolling Interests | -1.70 | 0.63 | 11.99 | 64.53 |
| Net Income Continuous Operations | -1.70 | 0.63 | 11.99 | 64.53 |
| Other Income Expense | -1.42 | -2.91 | 0.10 | 0.04 |
| Other Non Operating Income Expenses | -0.22 | -0.14 | -0.23 | 1.06 |
| Special Income Charges | -1.20 | -2.78 | 0.33 | -1.02 |
| Other Special Charges | 1.20 | -0.36 | -1.52 | 0 |
| Restructuring And Mergern Acquisition | 0 | 3.14 | 1.20 | 1.02 |
| Net Non Operating Interest Income Expense | 1.36 | 0.19 | -0.96 | -1.21 |
| Interest Expense Non Operating | 0.52 | 2.33 | 2.93 | 2.77 |
| Interest Income Non Operating | 1.88 | 2.52 | 1.97 | 1.56 |
| Depreciation Amortization Depletion Income Statement | 4.35 | 7.62 | 10.57 | 15.88 |
| Depreciation And Amortization In Income Statement | 4.35 | 7.62 | 10.57 | 15.88 |
| Selling And Marketing Expense | 8.91 | 12.43 | 20.31 | 23.07 |
| General And Administrative Expense | 30.52 | 36.93 | 41.40 | 44.08 |
| Other Gand A | 30.52 | 36.93 | 41.40 | 44.08 |
| Operating Revenue | 205.20 | 243.64 | 268.60 | 302.55 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Cantaloupe, Inc.this co. | CTLP | $801M | 14.89β discount | 3.17 | 25.4% | 16.96 |
| indie Semiconductor, Inc. | INDI | $862M | - | 2.33 | -37.3% | -10.48 |
| LSI Industries Inc. | LYTS | $840M | 30.97 | 2.77 | 10.6% | 17.77 |
| Bandwidth Inc. | BAND | $775M | - | 1.90 | -3.2% | 34.20 |
| CEVA, Inc. | CEVA | $762M | - |
| 2.24 |
| -3.2% |
| -78.21 |
| Vishay Precision Group, Inc. | VPG | $748M | 140.68 | 2.22 | 1.6% | 27.99 |
| AMBQ | AMBQ | $742M | - | 3.92 | -22.4% | -18.54 |
| Daily Journal Corporation | DJCO | $730M | 7.82 | 1.90 | 28.7% | 21.31 |
| NETGEAR, Inc. | NTGR | $708M | - | 1.45 | -3.6% | -25.07 |
| Peer Median | - | 30.97 | 2.23 | -3.2% | 3.65 | |