Cantaloupe (CTLP) AI Stock Analysis

• Market Cap: $740.89M
• Dividend Yield: N/A
• Average Volume (3M): 1.44M
• Price to Earnings (P/E): 14.0
• Beta (1Y): 0.67
• Revenue Growth: 12.94%
• EPS Growth: 356.32%
• Country: US
• Employees: 375
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): >-0.01
• Shares Outstanding: 73,720,190
• 10 Day Avg. Volume: 1,535,063
• 30 Day Avg. Volume: 1,438,143
• 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: 1.02
• Enterprise Value/Revenue: 2.39
• Enterprise Value/Gross Profit: 6.13
• Enterprise Value/Ebitda: 20.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.41
• Revenue Forecast (FY): $344.40M

• Rating: 67 Neutral
• Price Target: $11.50 ▲(8.18% Upside)
• Action: Downgraded Date: 02/08/26
• Date: Action: Downgraded 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.

Improved profitability & ROE

Material margin expansion and strong ROE indicate the business is converting revenue into durable earnings, reflecting operating leverage in the platform. Sustained profitability boosts reinvestment capacity, supports R&D and product development, and lowers the risk of equity dilution over the medium term.

Conservative balance sheet

Modest leverage and a strengthened equity base provide financial flexibility to fund product development, absorb demand shocks, or pursue strategic tuck-ins. Over several months this conservatism lowers default risk and preserves capacity for capital allocation without pressuring operations.

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.

Rising debt trend

Although leverage remains modest, the upward debt trend raises sensitivity to cash-flow shocks. If revenue or margins soften, interest and principal service become a larger burden, reducing strategic flexibility and increasing refinancing or liquidity risk over the medium term.

Revenue & margin volatility

Volatile equipment sales and uneven growth make near-term revenue and margin forecasts less reliable. Structural unpredictability in product mix can impair long-term planning, complicate capacity and inventory decisions, and heighten the risk that short-term swings erode sustained operating leverage.

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

Strong multi-year turnaround with revenue scaling to $317.6M (TTM) and profitability improving to a 17.3% net margin (TTM) alongside improved ROE (21.8% TTM) and modest leverage (debt-to-equity ~0.19–0.21). Offsets include margin/growth volatility and mixed cash conversion (operating cash flow ~0.50 of net income in TTM) despite positive and improving TTM free cash flow ($25.8M). KPI notes also point to recurring subscription growth but volatile equipment sales.

Income Statement

CTLP shows a strong multi-year turnaround with revenue expanding from $166.9M (2021) to $317.6M in TTM (Trailing-Twelve-Months). Profitability has improved materially: net margin moved from losses in 2021–2022 to 0.3% (2023), 4.5% (2024), 21.3% (2025 annual) and 17.3% in TTM, supported by stronger operating leverage (EBIT margin ~5.6% in TTM). The key weakness is volatility: margins eased from the 2025 annual peak to TTM, and growth decelerated sharply in 2025 annual versus prior years, even though TTM shows an unusually high revenue growth rate in the dataset.

Balance Sheet

The balance sheet is solid and conservatively levered, with debt-to-equity around 0.19–0.21 (2025 annual and TTM) and equity building to ~$255.2M in TTM (Trailing-Twelve-Months). Returns on equity improved substantially (21.8% TTM; 25.4% 2025 annual) versus low/negative levels in earlier years, indicating improved earnings power. Main watch-out: total debt has trended up versus earlier years (low-$20M range in 2021–2022 to ~$54M TTM), so maintaining profitability is important to keep leverage comfortably low.

Cash Flow

Cash generation is positive and improving in the latest period, with operating cash flow at $42.0M and free cash flow at $25.8M in TTM (Trailing-Twelve-Months). However, cash conversion is mixed: operating cash flow relative to net income is ~0.50 in TTM and free cash flow is ~0.62 of net income, implying earnings are running ahead of cash. Volatility is also evident—2025 annual free cash flow dropped to $3.3M (from $12.8M in 2024) before rebounding in TTM—suggesting working-capital or reinvestment swings that investors should monitor.

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

• Technical Analysis Sentiment: Negative
• Last Price: 10.63
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 above the 20-day moving average (MA) of 10.52, above the 50-day MA of 10.62, and above the 200-day MA of 10.44, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 40.08 is Neutral, neither overbought nor oversold. The STOCH value of 39.79 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	69 Neutral	$1.36B	―	-0.29%	―	22.71%	-111.24%
CTLP	67 Neutral	$740.89M	13.95	24.55%	―	12.94%	356.32%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TLS	53 Neutral	$300.92M	-10.19	-23.73%	―	17.44%	41.97%
CSPI	47 Neutral	$89.91M	-188.11	-0.27%	0.95%	6.36%	73.88%
PSFE	47 Neutral	$371.79M	-2.93	-15.59%	―	-0.95%	-456.64%
CNDT	44 Neutral	$215.57M	-1.27	-18.81%	―	-12.45%	-142.77%

Cantaloupe Corporate Events

Cantaloupe Holds 2026 Annual Shareholder Meeting

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 auditor for the fiscal year ending June 30, 2025. These decisions reflect shareholder confidence in the company’s leadership and financial oversight, potentially strengthening its market position and stakeholder trust.

The most recent analyst rating on (CTLP) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Cantaloupe stock, see the CTLP Stock Forecast page.