Cantaloupe, Inc. (CTLP)
NASDAQ:CTLP
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Cantaloupe
(NASDAQ:CTLP)
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Rating:67Neutral
Price Target:
$11.50
▲(8.18% Upside)
Action:DowngradedDate:02/08/26
The score is driven primarily by improved financial performance—stronger profitability and ROE with modest leverage—tempered by uneven cash conversion and historical volatility. Technicals are neutral-to-soft and do not add momentum support, while valuation appears moderate on the provided P/E. Corporate events are mildly supportive but not a major fundamental catalyst.
Positive Factors
Recurring revenue mix
A growing base of subscription and transaction revenue anchors predictable, recurring cash flows and supports higher lifetime value from customers. Over 2–6 months this reduces revenue cyclicality from one-time hardware sales and strengthens margin sustainability and customer retention dynamics.
Negative Factors
Mixed cash conversion
Earnings are ahead of cash generation, implying working-capital swings or timing differences that can constrain durable free cash flow. Over the next 2–6 months mixed conversion elevates execution risk for investments, dividends, or debt repayments if accruals reverse or capex steps up.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue mix
A growing base of subscription and transaction revenue anchors predictable, recurring cash flows and supports higher lifetime value from customers. Over 2–6 months this reduces revenue cyclicality from one-time hardware sales and strengthens margin sustainability and customer retention dynamics.
Read all positive factors
Cantaloupe (CTLP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$794.70M
Dividend YieldN/A
Average Volume (3M)1.10M
Price to Earnings (P/E)―
Beta (1Y)0.65
Revenue Growth12.94%
EPS Growth356.32%
CountryUS
Employees375
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding73,720,190
10 Day Avg. Volume1,144,449
30 Day Avg. Volume1,102,089
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)3.17
Price to Sales (P/S)2.66
P/FCF Ratio240.95
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue2.51
Enterprise Value/Gross Profit6.43
Enterprise Value/Ebitda20.99
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Cantaloupe Business Overview & Revenue Model
Company Description
Cantaloupe, Inc., a digital payment and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also prov...
How the Company Makes Money
Cantaloupe generates revenue through multiple streams, primarily from the sale of its cashless payment systems and related services to operators in the vending and unattended retail sectors. The company earns money through transaction fees charged...
Cantaloupe Key Performance Indicators (KPIs)
Cantaloupe Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call presented a generally positive outlook with significant revenue growth, margin expansion, and strong cash generation. Product launches like the Engage Pulse device and SmartStore were highlighted as key successes. However, challenges such as weather-related impacts and economic uncertainties affecting equipment sales were noted. Despite these challenges, the company remains optimistic about future growth and profitability.Positive Updates
Revenue Growth
Total revenue increased by 11% year over year to $75.4 million, driven by a 10% growth in both transaction and subscription revenues.
Negative Updates
Weather Impact on Transaction Revenue
Adverse weather events in January and February led to a $2 million impact on transaction revenue.
Read all updates
Q3-2025 Updates
Positive
Negative
Revenue Growth
Total revenue increased by 11% year over year to $75.4 million, driven by a 10% growth in both transaction and subscription revenues.
Read all positive updates
Company Guidance
In the Cantaloupe Third Quarter Fiscal Year 2025 earnings call, the company reported strong financial performance despite certain challenges. Total revenue for Q3 increased by 11% year over year to $75.4 million, driven by a 10% growth in both transaction and subscription revenues. Equipment revenue rose by 18% to $10.2 million, although sales were temporarily impacted by adverse weather and economic uncertainties. The adjusted gross margin expanded to 41.6% from 39.6% in the previous year, while adjusted EBITDA grew by 37% to $13.9 million. Cash from operating activities was robust, reaching $22.4 million. The company revised its full-year guidance, expecting total revenues between $302 million and $308 million, with adjusted EBITDA projected at $96 million. Cantaloupe also achieved a milestone with an average revenue per unit (ARPU) of $206. The call highlighted continued momentum in the micro market and smart store segments, alongside strategic expansion plans in Europe and Latin America.Cantaloupe Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 317.56M | 302.55M | 268.60M | 243.64M | 205.20M | 166.94M |
| Gross Profit | 123.77M | 123.82M | 102.65M | 81.24M | 64.19M | 54.03M |
| EBITDA | 37.91M | 42.75M | 28.12M | 11.95M | 4.33M | 1.19M |
| Net Income | 55.00M | 64.53M | 11.99M | 633.00K | -1.70M | -8.71M |
Balance Sheet | ||||||
| Total Assets | 381.94M | 381.86M | 335.57M | 289.61M | 255.63M | 237.67M |
| Cash, Cash Equivalents and Short-Term Investments | 52.98M | 51.15M | 58.92M | 50.93M | 68.13M | 88.14M |
| Total Debt | 54.25M | 48.60M | 47.33M | 44.70M | 20.89M | 22.77M |
| Total Liabilities | 126.77M | 128.11M | 151.10M | 122.02M | 95.66M | 83.14M |
| Stockholders Equity | 255.18M | 253.75M | 184.47M | 167.59M | 159.97M | 154.53M |
Cash Flow | ||||||
| Free Cash Flow | 25.84M | 3.34M | 12.81M | -1.96M | -17.96M | 6.34M |
| Operating Cash Flow | 41.96M | 20.34M | 27.75M | 14.19M | -8.71M | 8.18M |
| Investing Cash Flow | -17.49M | -28.14M | -18.64M | -51.87M | -12.23M | -1.83M |
| Financing Cash Flow | -112.00K | 42.00K | -1.06M | 20.48M | 920.00K | 50.07M |
Cantaloupe Technical Analysis
Positive
10.63
Price Trends
10.52
Positive
10.58
Positive
10.71
Positive
Market Momentum
0.08
Negative
61.23
Neutral
83.45
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CTLP, the sentiment is Positive. The current price of 10.63 is above the 20-day moving average (MA) of 10.57, above the 50-day MA of 10.52, and below the 200-day MA of 10.71, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 61.23 is Neutral, neither overbought nor oversold. The STOCH value of 83.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CTLP.
Cantaloupe Risk Analysis
Cantaloupe disclosed 34 risk factors in its most recent earnings report. Cantaloupe reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Cantaloupe Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $794.70M | -2,802.95 | 21.85% | ― | 12.94% | 356.32% | |
66 Neutral | $1.43B | 128.39 | 1.67% | ― | 22.71% | -111.24% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | $320.62M | -10.17 | -31.77% | ― | 17.44% | 41.97% | |
50 Neutral | $271.39M | -2.58 | -24.06% | ― | -0.95% | -456.64% | |
47 Neutral | $83.77M | 324.24 | -1.02% | 0.95% | 6.36% | 73.88% | |
44 Neutral | $215.05M | -1.68 | -20.84% | ― | -12.45% | -142.77% |
* Technology Sector Average
CTLP
Cantaloupe
10.78
3.51
48.28%
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Cantaloupe Corporate Events
Executive/Board ChangesShareholder Meetings
Cantaloupe Holds 2026 Annual Shareholder Meeting
Positive
Nov 21, 2025
On November 19, 2025, Cantaloupe, Inc. held its 2026 annual meeting of shareholders, where all director nominees were elected. Shareholders also approved the executive officer compensation and ratified Deloitte Touche LLP as the independent audit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.