Company: CTLPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050174
Chunk: 86

Company: CANTALOUPE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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 of the timing of payments made to our customers for transaction processing as September 30, 2024.

Non-cash operating charges primarily consisted of stock-based compensation, depreciation of property and equipment, amortization of our intangible assets, deferred taxes, and provisions for expected losses for the three months ended September 30, 2025 and 2024. 

Net cash used in investing activities

Net cash used in investing activities was $3.4 million for the three months ended September 30, 2025. We invested $3.4 million in property and equipment as the Company continues to develop innovative technologies and products, and capitalize rental devices enrolled in the Company's Cantaloupe One program.

Net cash used in investing activities was $13.6 million for the three months ended September 30, 2024. We invested $3.8 million in property and equipment as the Company continued to focus on investing in innovative technologies and products, and increasing rental devices enrolled in the Company's Cantaloupe One program. Additionally, the Company invested $9.8 million through its SB Software acquisition.

Net cash provided by financing activities

Net cash provided by financing activities was $0.3 million for  the three months ended September 30, 2025, primarily due to the proceeds from the exercise of stock options granted to employees, offset by debt repayments on the 2025 Credit Facility. Net cash used in financing activities was  $0.5 million for the three months ended September 30, 2024, which is primarily driven by debt repayments on the 2022 Amended JPMorgan Credit Facility. 

CONTRACTUAL OBLIGATIONS

During the three months ended September 30, 2025, there were no significant changes to our contractual obligations from those disclosed in the section “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report for the fiscal year ended June 30, 2025.

CRITICAL ACCOUNTING ESTIMATES

There have been no material changes to our critical accounting estimates from those disclosed in our Annual Report on for the fiscal year ended June 30, 2025. 

Recent Accounting Pronouncements

See Note 2 - Summary of Significant Accounting Policies to the condensed consolidated financial statements for a description of recent accounting pronouncements.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

As of September 30, 2025, we are exposed to market risk related to changes in interest rates on our outstanding