Company: CTLPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050174
Chunk: 96

Company: CANTALOUPE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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 2,441 (511)(20.9)%Amortization(2)2,707 1,747 960 55.0 %Gross profit, subscription fees$17,628 $16,000 1,628 10.2 %Gross margin, subscription fees79.2 %79.3 %(0.1)%Equipment sales$10,528 $7,044 $3,484 49.5 %Cost of equipment sales9,139 6,241 2,898 46.4 %Gross profit, equipment(3)$1,389 $803 586 73.0 %Gross margin, equipment13.2 %11.4 %1.8 %Total gross profit$30,807 $27,104 $3,703 13.7 %Total gross margin38.1 %38.3 %(0.2)%(1) Cost of subscription and transaction fees excludes amortization of certain technology assets, see (2) and (3) below.(2) Amortization of internal-use software assets and developed technology assets.(3) The Company's internal-use software assets and developed technology assets are not associated with equipment sales.

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Highlights for the quarter ended September 30, 2025 include: 

•Revenues of $80.9 million, an increase of 14.1% quarter over same quarter prior year. The increase was led by higher transaction fees and subscription fees revenue;

•1.28 million Active Devices compared to the same quarter last year of 1.23 million, an increase of approximately 50 thousand Active Devices, or 4.1%;

•35,837 Active Customers on our service compared to the same quarter last year of 32,338, an increase of 3,499 Active Customers, or 10.8%; and

•$947.1 million in Total Dollar Volume of Transactions for the quarter ended September 30, 2025 compared to $826.7 million for the quarter ended September 30, 2024, an increase of $120.4 million, or 14.6%. See "Revenues and Gross Margin" in Management’s Discussion and Analysis of Financial Condition and Results of Operations below for additional information.

Revenues.  Total revenues increased by $10.0 million for the three months ended September 30, 2025 compared to the same