GPGI Inc

gpgi.com

What Do They Do?

Makes metal payment cards and secure authentication solutions for banks and payment-card issuers, and injection-molding systems and aftermarket services for food, packaging and medical businesses.

How Do They Make Money?

Banks and other payment-card issuers pay for metal cards when they ship or are received, depending on their agreement; invoices are due within 15 to 60 days.

FY2025 revenue

Who Are Their Customers?

Banks and other payment-card issuers buy CompoSecure’s products through direct and indirect customer relationships; Husky serves businesses in food, beverage, medical, packaging and consumer-product markets.

Do Revenues Turn Into Profits?

No. It lost $136M in FY2025.

Operating income, FY2025

−23% of revenue

▼ Now a loss vs FY2024 ($107.6M, 26%)

Net income, FY2025

−227% of revenue

▲ +153% (Loss) vs FY2024 (−$53.7M, −13%)

Free cash flow, FY2025

−38% of revenue

▼ Now a loss vs FY2024 ($122.1M, 29%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: vs $0 in Q2 FY2025
Net income: ▲ Now profitable; vs −$26.1M in Q2 FY2025

May 7, 2026 Company revised its full-year guidance It said it could not predict when Husky demand headwinds would ease and was taking a cautious outlook.

Shrinking. Revenue fell 78% in 4 years, from $267.9M in FY2021 to $59.8M in FY2025, about 31% a year.

Added an injection-molding business The earlier report described a payment-card and security business; the latest describes a platform that also owns Husky, which makes injection-molding equipment and aftermarket services for food, packaging and medical markets.

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