v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Revenue and EBIDTA
Revenue and EBITDA of the Company’s reportable segments, as well as a reconciliation of total segment EBITDA to income from operations and net income for the three and six months ended June 30, 2026 and 2025, were as follows:
Three Months Ended June 30, 2026
Secure Card SolutionsPrepaid SolutionsIntegrated PaytechTotal Reportable SegmentsIntersegment EliminationsCorporateConsolidated
Revenue$110,867$22,645$20,141$153,653$(4,472)$—$149,181
Cost of goods sold79,99816,2268,943105,167(4,472)—100,695
Gross profit30,8696,41911,19848,486——48,486
Selling, general and administrative expenses9,8491,4374,62215,908—20,71436,622
Income (loss) from operations$21,020$4,982$6,576$32,578$—$(20,714)$11,864
EBITDA by segment:
Income (loss) from operations$21,020$4,982$6,576$32,578$—$(20,714)$11,864
Depreciation and amortization4,2581,2411785,677—6666,343
Other expense, net(31)(248)—(279)—(3)(282)
EBITDA$25,247$5,975$6,754$37,976$—$(20,051)$17,925
Gross profit margin27.8 %28.3 %55.6 %31.6 %**32.5 %
EBITDA margin22.8 %26.4 %33.5 %24.7 %**12.0 %
Six Months Ended June 30, 2026
Secure Card SolutionsPrepaid SolutionsIntegrated PaytechTotal Reportable SegmentsIntersegment EliminationsCorporateConsolidated
Revenue$220,718$44,694$39,523$304,935$(8,646)$—$296,289
Cost of goods sold162,14732,60917,569212,325(8,646)—203,679
Gross profit58,57112,08521,95492,610——92,610
Selling, general and administrative expenses20,2833,0108,51331,806—37,94669,752
Income (loss) from operations$38,288$9,075$13,441$60,804$—$(37,946)$22,858
EBITDA by segment:
Income (loss) from operations$38,288$9,075$13,441$60,804$—$(37,946)$22,858
Depreciation and amortization8,6042,51526811,387—1,35912,746
Other income (expense), net3(404)—(401)—(5)(406)
EBITDA$46,895$11,186$13,709$71,790$—$(36,592)$35,198
Gross profit margin26.5 %27.0 %55.5 %30.4 %**31.3 %
EBITDA margin21.2 %25.0 %34.7 %23.5 %**11.9 %
Three Months Ended June 30, 2025
Secure Card SolutionsPrepaid SolutionsIntegrated PaytechTotal Reportable
Segments		Intersegment EliminationsCorporateConsolidated
Revenue$94,673$19,222$19,326$133,221$(3,468)$— $129,753
Cost of goods sold70,75513,7518,59593,101(3,468)— 89,633
Gross profit23,9185,47110,73140,120— — 40,120
Selling, general and administrative expenses8,2821,3003,31412,896— 17,80130,697
Income (loss) from operations$15,636$4,171$7,417$27,224$— $(17,801)$9,423
EBITDA by segment:
Income (loss) from operations$15,636$4,171$7,417$27,224$— $(17,801)$9,423
Depreciation and amortization3,4971,126314,654— 8615,515
Other (expense) income, net(33)——(33)— 20(13)
EBITDA$19,100$5,297$7,448$31,845$— $(16,920)$14,925
Gross profit margin25.3 %28.5 %55.5 %30.1 %**30.9 %
EBITDA margin20.2 %27.6 %38.5 %23.9 %**11.5 %

Six Months Ended June 30, 2025
Secure Card SolutionsPrepaid SolutionsIntegrated PaytechTotal Reportable
Segments		Intersegment EliminationsCorporateConsolidated
Revenue$176,315$45,935$38,579$260,829$(8,315)$—$252,514
Cost of goods sold131,57831,02217,413180,013(8,315)—171,698
Gross profit44,73714,91321,16680,816——80,816
Selling, general and administrative expenses14,7912,7436,35623,890—33,39957,289
Income (loss) from operations$29,946$12,170$14,810$56,926$—$(33,399)$23,527
EBITDA by segment:
Income (loss) from operations$29,946$12,170$14,810$56,926$—$(33,399)$23,527
Depreciation and amortization5,7372,242628,041—1,7219,762
Other (expense) income, net(40)6—(34)—395
EBITDA$35,643$14,418$14,872$64,933$—$(31,639)$33,294
Gross profit margin25.4 %32.5 %54.9 %31.0 %**32.0 %
EBITDA margin20.2 %31.4 %38.5 %24.9 %**13.2 %
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*Calculation not meaningful.
Schedule of Reconciliation of Total Segment EBITDA to Income Before Taxes
Reconciliation of Net Income to EBITDA
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Net income$2,040 $518 $4,096 $5,292 
Interest, net 7,405 8,069 15,061 15,754 
Income tax expense2,137 823 3,295 2,486 
Depreciation and amortization 6,343 5,515 12,746 9,762 
EBITDA$17,925 $14,925 $35,198 $33,294 
Schedule of Goodwill by Reportable Segment As a result, total goodwill of the Company’s reportable segments as of June 30, 2026, and December 31, 2025, were as follows under the revised segment structure:
June 30,
2026		December 31,
2025
Secure Card Solutions$33,636 $33,636 
Integrated Paytech19,104 15,128 
Total goodwill$52,740 $48,764