Company: CTLPP
Filing Date: 2025-09-08
Form Type: 10-K
Source: 0001628280-25-041775
Chunk: 120

Company: CANTALOUPE, INC.
Filing Date: 2025-09-08
Form: 10-K
Item: Item 8
Chunk 120
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ations of Internal Control over Financial Reporting

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ Deloitte & Touche LLP

Atlanta, Georgia

September 8, 2025

46

Cantaloupe, Inc.Consolidated Balance SheetsAs of June 30,($ in thousands, except share data)20252024AssetsCurrent assets:Cash and cash equivalents$51,146 $58,920 Accounts receivable, net37,927 43,848 Finance receivables, net5,422 6,391 Inventory45,703 40,791 Prepaid expenses and other current assets12,727 7,844 Total current assets152,925 157,794 Non-current assets:Finance receivables, net5,750 10,036 Property and equipment, net39,125 34,029 Operating lease right-of-use assets7,735 7,986 Intangibles, net23,331 24,626 Goodwill103,222 94,903 Deferred income taxes, net43,253 — Other assets6,517 6,194 Total non-current assets228,933 177,774 Total assets$381,858 $335,568 Liabilities, convertible preferred stock, and shareholders’ equityCurrent liabilities:Accounts payable$58,741 $78,895