Cimpress (CMPR) Q4 2026 earnings summary

Executive summary

• Achieved strong progress on strategic and operational themes, including manufacturing excellence, elevated products, and design enablement.

• Closed a strategic partnership with Canva, enabling deep technical integration and new customer channels.

• Acquired Saxoprint, strengthening production capabilities and supporting the Cross-Cimpress Fulfillment strategy.

• Raised fiscal 2028 Adjusted EBITDA target to at least $615 million, with a focus on intrinsic value per share.

Financial highlights

• Fiscal 2026 revenue reached $3.74 billion, up 10% reported and 4% organic constant currency year-over-year.

• Adjusted EBITDA for fiscal 2026 was $458.5 million, up 6% year-over-year.

• Q4 Adjusted EBITDA was $120.4 million, impacted by $10 million in non-core items and $2 million in currency and transaction costs.

• Adjusted free cash flow was $122.4 million for the year.

• Ended fiscal 2026 with net leverage at 2.9x trailing EBITDA and $249 million in cash.

Outlook and guidance

• Fiscal 2027 guidance: at least 7% reported revenue growth (3% organic), net income of at least $125 million, Adjusted EBITDA of at least $520 million, and adjusted free cash flow of ~$200 million.

• Fiscal 2028 targets: organic constant currency revenue growth of 4%-6%, net income of at least $192 million, Adjusted EBITDA of at least $615 million, and adjusted free cash flow conversion of ~45%.

• Net leverage expected to decrease to ~2.5x by end of fiscal 2027 and below 2.0x by end of fiscal 2028.