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CoreCard Corporation

CoreCard Corporation

NYSE•CCRD
CEO: Mr. James Leland Strange
Sector: Technology
Industry: Software - Application
Listing Date: 1987-01-02
CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions. The company's software solutions allow companies to offer various types of transacting account or card issuing program, as well as installment and revolving loans; set up and maintain account data; record advances and payments; assess fees, interests, and other charges; resolve disputes and chargebacks; manage collections of accounts receivable; generate reports; and settle transactions with financial institutions and network schemes. The company was formerly known as Intelligent Systems Corporation and changed its name to CoreCard Corporation in December 2021. CoreCard Corporation was founded in 1973 and is headquartered in Norcross, Georgia.
Contact Information
One Meca Way, Norcross, GA, 30093, United States
770-381-2900
www.corecard.com
Market Cap
$183.90M
P/E (TTM)
22.9
39.6
Dividend Yield
--
52W High
$31.99
52W Low
$16.36
52W Range
46%
Rank27Top 14.4%
5.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q2 2025 Data

Revenue

$17.59M+27.52%
4-Quarter Trend

EPS

$0.25+127.27%
4-Quarter Trend

FCF

$4.94M+684.74%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Strong Revenue Growth Total revenue 34.3M USD, up 27.6% (6M 2025); driven by increased professional services contracts and transaction processing fees.
Net Income Triples Net income 3.9M USD, up 193.4% (6M 2025), reflecting significant operational leverage and higher revenue rates compared to 2024.
Operating Cash Flow Jumps Net cash provided by operations 10.7M USD (6M 2025), a 357.7% increase, primarily due to lower accounts receivable and higher net income.
Gross Margin Expansion Cost of revenue decreased to 55% of total revenue (6M 2025) from 69% (6M 2024), driven by higher rates for professional services.

Risk Factors

High Customer Concentration Largest customer, Goldman Sachs, accounted for 63% of 6M 2025 revenue; loss of this customer or service line poses material risk.
Proposed Merger Uncertainty Failure to close the 248M USD Euronet merger by January 30, 2026, could result in a 7.5M USD termination fee payment.
Major Client Portfolio Shift Goldman Sachs transitioning GM co-branded credit card to a new issuer in 2025 creates uncertainty regarding future processing revenue streams.
Equity Investment Losses Investment loss 580.0K USD (6M 2025), primarily from equity method investment in a privately held FinTech identity services company.

Outlook

Euronet Merger Expected Proposed merger with Euronet Worldwide Inc. values CoreCard at 248M USD, or 30 USD per share, expected to close Q4 2025.
Future Processing Growth Processing services revenue expected to grow as customer base increases, though new program implementation faces third-party delays.
Share Repurchase Capacity Approximately 7.1M USD remains authorized for common stock repurchases under the existing $20 million program as of June 30, 2025.
Anticipated Tax Benefit Evaluating the OBBBA enactment (July 2025), anticipating a decrease in current year cash tax liability due to accelerated tax recovery.

Peer Comparison

Revenue (TTM)

Immersion CorporationIMMR
$1.23B
+3538.9%
Waldencast plcWALD
$514.94M
+48.5%
Ceragon Networks Ltd.CRNT
$363.33M
-3.8%

Gross Margin (Latest Quarter)

Silvaco Group, Inc.SVCO
77.9%
+3.3pp
ON24, Inc.ONTF
74.7%
+0.5pp
Eventbrite, Inc.EB
67.9%
-0.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FRGE$617.05M-9.5-29.8%1.8%
EB$437.54M-40.5-6.0%23.6%
ONTF$336.66M-10.9-20.6%0.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.9%
Moderate Growth
4Q Net Income CAGR
-3.3%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 14, 2025|
    Revenue: $17.59M+27.5%
    |
    EPS: $0.25+127.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $16.69M+27.6%
    |
    EPS: $0.24+359.8%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $57.40M+2.5%
    |
    EPS: $0.68+70.0%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $15.70M+17.2%
    |
    EPS: $0.28-1168.7%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $13.80M-12.1%
    |
    EPS: $0.11-50.0%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $13.08M-11.4%
    |
    EPS: $0.05-65.2%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 1, 2024|
    Revenue: $56.00M-19.7%
    |
    EPS: $0.40-75.3%
    Beat
  • Form 10-Q - Q3 2023

    Period End: Sep 30, 2023|Filed: Nov 1, 2023|
    Revenue: $13.40M-7.3%
    |
    EPS: $-0.03-116.4%
    Miss