Cantaloupe (CTLP) AI Stock Analysis

• Market Cap: $812.02M
• Dividend Yield: N/A
• Average Volume (3M): 2.59M
• Price to Earnings (P/E): 13.9
• Beta (1Y): 0.89
• Revenue Growth: 12.51%
• EPS Growth: 390.09%
• Country: US
• Employees: 375
• Sector: Technology
• Sector Strength: 90
• Industry: Information Technology Services
• EPS (TTM): 0.65
• Shares Outstanding: 73,287,056
• 10 Day Avg. Volume: 1,733,579
• 30 Day Avg. Volume: 2,593,242
• PEG Ratio: 0.04
• Price to Book (P/B): 3.35
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 107.75
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 0.68
• Enterprise Value/Gross Profit: 6.47
• Enterprise Value/Ebitda: 5.81
• 1Y Price Target: $11.20
• Price Target Upside: 1.08% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 6

• Rating: 83 Outperform
• Price Target: $13.00 ▲(17.33%Upside)

Cantaloupe's overall stock score reflects its strong financial performance and technical momentum, bolstered by an attractive valuation and positive strategic developments. The merger announcement particularly enhances growth prospects and investor sentiment.

Positive Factors

Acquisition

365’s bid represents an 18% premium to CTLP’s recent closing price, indicating a favorable acquisition offer for shareholders.

Growth Opportunities

Management expressed confidence in meeting its fiscal 2025 guidance and Cantaloupe's various long-term growth opportunities.

Revenue and Margin Growth

CTLP reported Q3/25 revenue of $75.4 million representing an increase of 11.1% YOY with adjusted EBITDA of $13.9 million representing a 36.6% increase.

Negative Factors

Revenue Miss

CTLP shares are down 6% after reporting mixed March-quarter results; revenue was $4.3 million below our estimate as subscription/transaction fee revenue slowed to 10%.

Stock Downgrade

Analyst downgrades recommendation on Cantaloupe (CTLP) to Hold from Buy following the company's agreement to be acquired by 365 Retail Markets.

Weather Impact

Transaction revenue in Q3/25 was materially impacted by adverse weather events and storms, which led to abnormally low traffic for customer locations.

Cantaloupe Business Overview & Revenue Model

Company Description

Cantaloupe, Inc. (CTLP) is a technology company that specializes in providing software and hardware solutions for the unattended retail industry. The company operates primarily in the sectors of financial technology and vending solutions, offering a comprehensive suite of services that include payment processing, logistics, and analytics. Cantaloupe's core products and services are designed to enhance the operational efficiency and profitability of vending machine operators, micro-market providers, and other unattended retail businesses.

How the Company Makes Money

Cantaloupe makes money through a diversified revenue model that includes transaction fees, subscription services, and hardware sales. The company's primary revenue stream comes from its payment processing services, where it collects transaction fees each time a consumer makes a purchase through one of its connected devices. Additionally, Cantaloupe generates recurring revenue by offering subscription-based services for its cloud-based platform, which provides customers with data analytics, inventory management, and remote monitoring solutions. The sale of point-of-sale hardware, such as card readers and telemetry devices, also contributes to its earnings. Strategic partnerships with financial institutions, hardware manufacturers, and retail operators enhance its market presence and support its revenue generation.

Cantaloupe Financial Statement Overview

Summary

Cantaloupe demonstrates strong financial health with significant revenue and profitability growth, evidenced by a robust gross profit margin and improved net profit margin. The company's low leverage and strong equity base further underscore its financial stability. However, attention to liquidity management is advised as cash reserves have decreased.

Income Statement

Cantaloupe has shown impressive revenue growth over the years, with a revenue increase from $163.2 million in 2020 to $292.6 million in TTM (Trailing-Twelve-Months) 2025. The gross profit margin stands at 40.3% for TTM, reflecting efficient cost management. The net profit margin has significantly improved, reaching 20.5% in TTM from negative figures in previous years, indicating strong profitability advancements. EBITDA and EBIT margins have also shown positive trends, suggesting healthy operational performance.

Balance Sheet

The company's balance sheet reflects a strong equity base with a debt-to-equity ratio of 0.008 in TTM 2025, indicating low leverage. The equity ratio has remained above 60%, showing financial stability. Return on equity has improved to 24.9% in TTM, demonstrating effective use of shareholders' funds. However, the decrease in cash and equivalents from previous periods might indicate potential liquidity management challenges.

Cash Flow

Cantaloupe's free cash flow has returned to positive in TTM, growing from previous negative values, which is a positive indicator of cash generation capability. The operating cash flow to net income ratio is approximately 0.42, suggesting moderate cash conversion efficiency. While free cash flow growth reflects improvement, consistent positive operating cash flow will be crucial for sustaining growth.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	268.60M	243.64M	195.20M	166.94M	163.15M
Gross Profit	102.65M	81.24M	54.20M	54.03M	46.27M
EBITDA	28.12M	11.95M	4.33M	1.19M	-28.58M
Net Income	11.99M	633.00K	-1.70M	-8.71M	-40.59M
Balance Sheet
Total Assets	335.57M	289.61M	255.63M	237.67M	181.02M
Cash, Cash Equivalents and Short-Term Investments	58.92M	50.93M	68.13M	88.14M	31.71M
Total Debt	47.33M	40.93M	16.99M	17.96M	20.51M
Total Liabilities	151.10M	122.02M	95.66M	83.14M	79.67M
Stockholders Equity	184.47M	167.59M	159.97M	154.53M	101.35M
Cash Flow
Free Cash Flow	12.81M	-1.96M	-17.96M	6.34M	-16.68M
Operating Cash Flow	27.75M	14.19M	-8.71M	8.18M	-14.14M
Investing Cash Flow	-18.64M	-51.87M	-12.23M	-1.83M	-2.49M
Financing Cash Flow	-1.06M	20.48M	920.00K	50.07M	20.88M

Cantaloupe Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

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 11.08 is above the 20-day moving average (MA) of 11.05, above the 50-day MA of 9.97, and above the 200-day MA of 9.08, indicating a bullish trend. The MACD of 0.28 indicates Positive momentum. The RSI at 71.47 is Negative, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CTLP.

Cantaloupe Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTLP	83 Outperform	$812.02M	13.95	28.20%	―	12.51%	390.09%
FLYW	70 Outperform	$1.44B	418.79	0.63%	―	20.97%	―
CNDT	64 Neutral	$446.65M	2.02	30.92%	―	-14.38%	―
Sector *	63 Neutral	$34.70B	5.15	-11.38%	1.67%	5.54%	-17.15%
CSPI	56 Neutral	$114.12M	40,175.00	-3.16%	1.09%	-11.53%	-128.96%
PSFE	56 Neutral	$803.37M	39.11	-0.04%	―	3.50%	95.90%
TLS	50 Neutral	$207.23M	―	-38.32%	―	-21.83%	-67.07%

Cantaloupe Corporate Events

Cantaloupe Announces Merger Agreement with 365 Retail Markets

On June 15, 2025, Cantaloupe, Inc. entered into a merger agreement to be acquired by 365 Retail Markets, LLC in an all-cash transaction valued at approximately $848 million. This merger, unanimously approved by Cantaloupe’s Board of Directors, is expected to close in the second half of 2025, pending shareholder and regulatory approvals. The transaction aims to combine the strengths of both companies, enhancing their offerings in unattended retail technologies and expanding their customer base and product suite across North America, Latin America, and Europe. The merger is anticipated to unlock significant synergies, including customer cost savings and growth through new product rollouts, increased software adoption, and payments expansion. Upon completion, Cantaloupe will become a privately-held company, and its common stock will be delisted from public stock exchanges.

The most recent analyst rating on (CTLP) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Cantaloupe stock, see the CTLP Stock Forecast page.