Cantaloupe (CTLP) AI Stock Analysis

• Market Cap: $779.91M
• Dividend Yield: N/A
• Average Volume (3M): 2.35M
• Price to Earnings (P/E): 12.4
• Beta (1Y): 0.84
• Revenue Growth: 12.64%
• EPS Growth: 457.40%
• Country: US
• Employees: 375
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.09
• Shares Outstanding: 73,368,774
• 10 Day Avg. Volume: 3,161,930
• 30 Day Avg. Volume: 2,347,245
• PEG Ratio: 0.03
• Price to Book (P/B): 3.17
• Price to Sales (P/S): 2.66
• P/FCF Ratio: 240.95
• Enterprise Value/Market Cap: 1.03
• Enterprise Value/Revenue: 2.66
• Enterprise Value/Gross Profit: 6.69
• Enterprise Value/Ebitda: 18.84
• 1Y Price Target: $11.50
• Price Target Upside: 8.18% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 69 Neutral
• Price Target: $11.50 ▲(8.18% Upside)

Cantaloupe's strong earnings call performance and attractive valuation are the most significant factors driving the score. While financial performance shows robust growth and profitability, the decline in free cash flow is a concern. Technical indicators suggest the stock is oversold, potentially offering a buying opportunity.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategy, enhancing long-term financial stability.

Gross Margin Expansion

Improved gross margins reflect better cost management and pricing power, which can lead to sustainable profitability.

Strong Cash Generation

Robust cash generation enhances financial flexibility, supporting reinvestment in growth initiatives and debt reduction.

Negative Factors

Decline in Free Cash Flow

Declining free cash flow may limit the company's ability to fund operations and growth, impacting long-term financial health.

Economic Uncertainty Affecting Equipment Sales

Economic uncertainty can lead to reduced capital spending by clients, affecting sales and revenue growth potential.

Weather Impact on Transaction Revenue

Weather-related disruptions highlight potential vulnerabilities in revenue streams, impacting predictability and stability.

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 provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment devices in the field for the wireless transfer. The company serves vending machine, car wash, electric vehicle charging, amusement, commercial laundry, micro-market, kiosk, and entertainment companies. It has strategic partnership with Bakkt Holdings, LLC to bring a cashless experience for consumers to spend digital assets at unattended retail devices: and Castles Technology to introduce a next-generation cashless device solution. The company was formerly known as USA Technologies, Inc and changed its name to Cantaloupe, Inc. Cantaloupe Inc. was incorporated in 1992 and is headquartered in Malvern, Pennsylvania.

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 for each cashless payment processed via its platforms, as well as subscription fees for its Seed software services that help businesses manage their operations. Additionally, Cantaloupe benefits from partnerships with financial institutions and payment networks that facilitate these transactions. The ongoing transition towards cashless payment solutions in the retail market further supports Cantaloupe's revenue growth, as more businesses seek to adopt its technology to meet consumer demand.

Cantaloupe Financial Statement Overview

Summary

Cantaloupe shows strong revenue growth and profitability, supported by a solid balance sheet with low leverage. However, the significant decline in free cash flow is a concern that needs addressing to ensure long-term financial health.

Income Statement

Cantaloupe has shown consistent revenue growth over the years, with a recent growth rate of 3.39%. The gross profit margin is healthy at 35.68%, and the net profit margin has improved significantly to 21.33%, indicating strong profitability. However, the slight decline in gross profit margin from the previous year suggests some cost pressures. Overall, the company demonstrates strong revenue growth and profitability, but maintaining cost efficiency will be crucial.

Balance Sheet

The company's debt-to-equity ratio is low at 0.15, indicating a conservative leverage position, which is a positive sign of financial stability. The return on equity is strong at 25.43%, reflecting efficient use of equity to generate profits. The equity ratio is also solid, suggesting a strong capital structure. However, the increase in total debt over the years warrants monitoring to ensure it remains manageable.

Cash Flow

Cantaloupe's free cash flow has declined significantly by 55.51%, which is a concern. The operating cash flow to net income ratio is low at 0.25, indicating potential challenges in converting income into cash. The free cash flow to net income ratio is also modest at 0.16. While the company is profitable, improving cash flow generation will be important for sustaining operations and growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	302.55M	302.55M	268.60M	243.64M	195.20M	166.94M
Gross Profit	120.35M	123.82M	102.65M	81.24M	54.20M	54.03M
EBITDA	42.75M	42.75M	28.12M	11.95M	4.33M	1.19M
Net Income	64.53M	64.53M	11.99M	633.00K	-1.70M	-8.71M
Balance Sheet
Total Assets	386.93M	381.86M	335.57M	289.61M	255.63M	237.67M
Cash, Cash Equivalents and Short-Term Investments	51.15M	51.15M	58.92M	50.93M	68.13M	88.14M
Total Debt	48.60M	48.60M	47.33M	40.93M	16.99M	17.96M
Total Liabilities	133.18M	128.11M	151.10M	122.02M	95.66M	83.14M
Stockholders Equity	253.75M	253.75M	184.47M	167.59M	159.97M	154.53M
Cash Flow
Free Cash Flow	3.34M	3.34M	12.81M	-1.96M	-17.96M	6.34M
Operating Cash Flow	20.34M	20.34M	27.75M	14.19M	-8.71M	8.18M
Investing Cash Flow	-28.14M	-28.14M	-18.64M	-51.87M	-12.23M	-1.83M
Financing Cash Flow	42.00K	42.00K	-1.06M	20.48M	920.00K	50.07M

Cantaloupe Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.63
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CTLP, the sentiment is Negative. The current price of 10.63 is below the 20-day moving average (MA) of 10.81, below the 50-day MA of 10.94, and above the 200-day MA of 9.46, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 31.48 is Neutral, neither overbought nor oversold. The STOCH value of 22.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CTLP.

Cantaloupe Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FLYW	72 Outperform	1.60B	319.22	0.86%	―	22.20%	0.00%
CTLP	69 Neutral	$779.91M	12.39	29.45%	―	12.64%	457.40%
TLS	58 Neutral	493.65M	-8.87	-46.87%	―	-13.76%	-75.18%
PSFE	57 Neutral	815.62M	-16.42	2.52%	―	0.47%	-292.07%
CNDT	54 Neutral	448.65M	92.21	2.18%	―	-14.36%	-73.74%
CSPI	52 Neutral	131.25M	-75.71	-3.28%	0.90%	-0.37%	-161.02%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Cantaloupe Corporate Events

Cantaloupe Shareholders Approve Merger with Catalyst

On September 4, 2025, Cantaloupe, Inc. held a virtual special meeting where shareholders approved the merger with Catalyst MergerSub Inc., making Cantaloupe a wholly-owned subsidiary of Catalyst Holdco II, Inc. The merger proposal was supported by a significant majority, with 82.03% of eligible votes cast. Additionally, shareholders approved compensation arrangements for Cantaloupe’s executives related to the merger. The approval of these proposals signifies a strategic move for Cantaloupe, potentially impacting its market positioning and operations by aligning with Catalyst’s broader business objectives.

The most recent analyst rating on (CTLP) stock is a Hold with a $11.20 price target. To see the full list of analyst forecasts on Cantaloupe stock, see the CTLP Stock Forecast page.