v3.26.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2026 and 2025, were as follows:
Three Months Ended September 30, 2026
Secure Card SolutionsPrepaid SolutionsIntegrated PaytechTotal Reportable SegmentsIntersegment EliminationsCorporateConsolidated
Revenue$111,900$26,859$23,451$162,210$(3,853)$—$158,357
Cost of goods sold83,64217,83510,481111,958(3,853)—108,105
Gross profit28,2589,02412,97050,252——50,252
Selling, general and administrative expenses9,2021,4155,74216,359—18,23834,597
Income (loss) from operations$19,056$7,609$7,228$33,893$—$(18,238)$15,655
EBITDA by segment:
Income (loss) from operations$19,056$7,609$7,228$33,893$—$(18,238)$15,655
Depreciation and amortization4,3621,2614366,059—6876,746
Other expense, net—(55)—(55)—(1261)(1,316)
EBITDA$23,418$8,815$7,664$39,897$—$(18,812)$21,085
Gross profit margin25.3 %33.6 %55.3 %31.0 %**31.7 %
EBITDA margin20.9 %32.8 %32.7 %24.6 %**13.3 %
Nine Months Ended September 30, 2026
Secure Card SolutionsPrepaid SolutionsIntegrated PaytechTotal Reportable SegmentsIntersegment EliminationsCorporateConsolidated
Revenue$332,618$71,553$62,974$467,145$(12,499)$—$454,646
Cost of goods sold245,78950,44428,050324,283(12,499)—311,784
Gross profit86,82921,10934,924142,862——142,862
Selling, general and administrative expenses29,4854,42514,25548,165—56,184104,349
Income (loss) from operations$57,344$16,684$20,669$94,697$—$(56,184)$38,513
EBITDA by segment:
Income (loss) from operations$57,344$16,684$20,669$94,697$—$(56,184)$38,513
Depreciation and amortization12,9663,77670417,446—2,04619,492
Other income (expense), net3(459)—(456)—(1266)(1,722)
EBITDA$70,313$20,001$21,373$111,687$—$(55,404)$56,283
Gross profit margin26.1 %29.5 %55.5 %30.6 %**31.4 %
EBITDA margin21.1 %28.0 %33.9 %23.9 %**12.4 %
Three Months Ended September 30, 2025
Secure Card SolutionsPrepaid SolutionsIntegrated PaytechTotal Reportable
Segments		Intersegment EliminationsCorporateConsolidated
Revenue$99,154$23,335$19,498$141,987$(4,021)$— $137,966
Cost of goods sold76,22616,2868,482100,994(4,021)— 96,973
Gross profit22,9287,04911,01640,993— — 40,993
Selling, general and administrative expenses9,8791,1662,78813,833— 14,14227,975
Income (loss) from operations$13,049$5,883$8,228$27,160$— $(14,142)$13,018
EBITDA by segment:
Income (loss) from operations$13,049$5,883$8,228$27,160$— $(14,142)$13,018
Depreciation and amortization4,0801,134335,247— 8686,115
Other expense, net(238)(1)—(239)— (290)(529)
EBITDA$16,891$7,016$8,261$32,168$— $(13,564)$18,604
Gross profit margin23.1 %30.2 %56.5 %28.9 %**29.7 %
EBITDA margin17.0 %30.1 %42.4 %22.7 %**13.5 %

Nine Months Ended September 30, 2025
Secure Card SolutionsPrepaid SolutionsIntegrated PaytechTotal Reportable
Segments		Intersegment EliminationsCorporateConsolidated
Revenue$275,469$69,270$58,077$402,816$(12,336)$—$390,480
Cost of goods sold207,80447,30825,895281,007(12,336)—268,671
Gross profit67,66521,96232,182121,809——121,809
Selling, general and administrative expenses24,6703,9099,14437,723—47,54185,264
Income (loss) from operations$42,995$18,053$23,038$84,086$—$(47,541)$36,545
EBITDA by segment:
Income (loss) from operations$42,995$18,053$23,038$84,086$—$(47,541)$36,545
Depreciation and amortization9,8173,3769513,288—2,58915,877
Other (expense) income, net(278)5—(273)—(251)(524)
EBITDA$52,534$21,434$23,133$97,101$—$(45,203)$51,898
Gross profit margin24.6 %31.7 %55.4 %30.2 %**31.2 %
EBITDA margin19.1 %30.9 %39.8 %24.1 %**13.3 %
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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 September 30,Nine Months Ended September 30,
2026202520262025
Net income$5,019 $2,308 $9,115 $7,600 
Interest, net 8,011 8,746 23,072 24,500 
Income tax expense1,309 1,435 4,604 3,921 
Depreciation and amortization 6,746 6,115 19,492 15,877 
EBITDA$21,085 $18,604 $56,283 $51,898 
Schedule of Goodwill by Reportable Segment As a result, total goodwill of the Company’s reportable segments as of September 30, 2026, and December 31, 2025, were as follows under the revised segment structure:
September 30,
2026		December 31,
2025
Secure Card Solutions$33,636 $33,636 
Integrated Paytech19,250 15,128 
Total goodwill$52,886 $48,764