Company: CTLPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050174
Chunk: 95

Company: CANTALOUPE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 95
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 Seed management services constitutes only one device.

Active Customers

The Company defines Active Customers as all customers with at least one active device.

25

Total Number of Transactions and Total Dollar Volume of Transactions

Transactions are defined as electronic payment transactions that are processed by our technology-enabled solutions. Management uses Total Number and Dollar Volume of transactions to evaluate the effectiveness of our new customer strategy and our ability to leverage existing customers and partners.

Average Revenue Per Unit

The Company defines average revenue per unit ("ARPU") as our total subscription and transaction fees for the trailing 12 months divided by average total active devices for the trailing 12 months. 

The following tables represents our selected operating metrics for the periods indicated:

As of and for the three months endedSeptember 30, 2025June 30, 2025March 31, 2025December 31, 2024September 30, 2024Devices:Active Devices (thousands)1,280 1,280 1,261 1,269 1,230 Customers:Active Customers35,837 34,896 34,115 32,909 32,338 Volumes:Total Number of Transactions (millions)321.2309.4296.1299.8293.7 Total Dollar Volume of Transactions (millions)947.1 921.8 852.4 843.1 826.7 Subscription and transaction fees - Trailing 12 months (thousands) $269,622 $263,128 $255,181 $249,210 $240,153 Average revenue per unit (ARPU)$214.84 $210.26 $205.92 $202.20 $198.31 

3 Months Ended September 30,ChangePercent Change($ in thousands)202520242025  v. 2024Transaction fees$48,060 $43,604 $4,456 10.2 %Cost of transaction fees(1)36,270 33,303 2,967 8.9 %Gross profit, transaction $11,790 $10,301 1,489 14.5 %Gross margin, transaction24.5 %23.6 %0.9 %Subscription fees$22,265 $20,188 $2,077 10.3 %Cost of subscription fees(1)1,930