Currency Exchange International (CXI) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue grew 5% to $22.4M, driven by a 54% surge in payments revenue, offsetting a 4% decline in banknotes revenue.

• Adjusted EBITDA rose 3% to $8.5M; adjusted net income increased 31% to $5.6M; net income up 24% to $5.2M.

• Adjusted diluted EPS rose 38% to $0.93, setting a record; reported diluted EPS was $0.87, up 30%.

• Payments now represent 23% of total revenue, up from 16% last year.

• Completed exit of Canadian subsidiary, reallocating resources to higher-growth U.S. fintech and payments operations.

Financial highlights

• Payments revenue up 54% ($1.8M) to $5.2M; banknotes revenue down 4% ($0.7M) to $17.2M due to branch relocations and softer travel demand.

• Adjusted EBITDA up 3% to $8.5M; reported EBITDA stable at $8.1M (down 1% year-over-year).

• Adjusted diluted EPS rose to $0.93 from $0.68; reported group net income up 24% to $5.3M.

• Nine-month revenue up 6% to $56M; payments revenue up 60% to $14.1M.

• Net working capital at $84.9M; total equity at $90.3M as of July 31, 2026.

Outlook and guidance

• Q4 expected to be consistent with historical seasonal strength, barring unforeseen geopolitical events.

• Management anticipates continued growth in payments and a rebound in banknotes with improved travel trends.

• Focus on expanding digital payments, diversifying revenue, and disciplined cost management for long-term growth.

• Strategic initiatives include branch network expansion and enhanced online service offerings.

• No public EPS forecast, but confidence in ongoing performance and margin improvement.