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Gpgi

GPGI on NYSE. Gpgi sells metal payment cards to banks and card issuers. Market value $3.8bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Financial services stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Return on equity
five annual reports to December 2025
Not reported

We don't have this figure for this company.

Price to book
quarterly report to June 2026
1.2×

What you pay for each dollar of net assets: $1.20.

Earnings yield
past 12 months to June 2026
-8.3%

Profit per $100 you pay: $-8.28.

Quality score: not known. Price score: 44 of 100. Our list needs 70 on quality and 60 on price.

$13.17 a share, 18% above its 1-year low

Over the past year the price has ranged from $11.16 to $26.78.

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
n/a
n/a
n/a
n/a
20212022202320242025
Revenue
$268m$378m$391m$421m$60m
Operating margin
n/an/an/an/an/a
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.08bn0.03bn0.09bn0.13bn0.29bn

Health checks

  • Free cash flow positiveDoesn't apply to banks and insurers
  • Accounting checksDoesn't apply to banks and insurers
  • DebtDoesn't apply to banks and insurers
  • Revenue growth, five yearsShrinking, 31.3% a year
  • Buying back its own sharesNo, 281% more shares since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Profit: $50 million, after a loss of $26 million a year ago.
  • 186% more shares than a year ago. Each share owns a bit less of the company.
  • Sales did not grow on a year ago in any of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$107m
December 2024$101m
March 2025$60m
June 2025$0
September 2025$0
December 2025$0
March 2026$0
June 2026$0
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024-$42m
December 2024-$37m
March 2025$22m
June 2025-$26m
September 2025-$175m
December 2025$43m
March 2026-$235m
June 2026$50m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
12 March 2026
Next quarterly (estimated, 10-Q)
5 November 2026

Who owns it

6 long-term investors we follow own it, down from 7 last quarter. 196 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

6 investors own more than 5%.

  • at least 18.3%
    (filed with 8 related holders)
    Since 12 January 2026
    What they said

    Transaction Agreement Item 3 above summarizes certain provisions of the Transaction Agreement and is incorporated herein by reference. Investor Rights Agreement On the Closing Date, the Issuer and PE Titan CS Holdings, L.P. entered into an investor rights agreement (the…

    Read the filing
  • John D. Cote
    Insider or founder
    at least 17.9%−23.2 pts
    (filed with 4 related holders)
    Since 12 January 2026
  • FMR LLC
    Passive investor
    at least 14.7%+1.0 pts
    (filed with 1 related holder)
    Since 30 June 2026
  • at least 7.4%
    (filed with 2 related holders)
    Since 31 March 2026
  • at least 5.1%+0.3 pts
    (filed with 5 related holders)
    Since 15 June 2026
  • TIKVAH MANAGEMENT LLC
    Passive investor
    at least 4.2%
    (filed with 3 related holders)
    Since 31 December 2024
  • Sold down below 5%
    Since 31 March 2026
  • SPURWINK MANAGEMENT LLC
    Passive investor
    Sold down below 5%
    Since 31 December 2024
  • LMR Partners LLC
    Passive investor
    Sold down below 5%
    Since 30 September 2025

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 6 insiders bought $2m of shares on the open market. 1 sold $462,218.

  • Knott Thomas R.
    See remarks, Director
    Bought
    Date
    11 June 2026
    Shares
    85,250
    Price
    $11.67
    Value
    $994,868
  • Moriarty Kevin M
    Director
    Bought
    Date
    26 May 2026
    Shares
    3,956
    Price
    $12.64
    Value
    $50,000
  • Mikkilineni Krishna
    Director
    Bought
    Date
    14 May 2026
    Shares
    8,106
    Price
    $12.34
    Value
    $100,031
  • Schoen Kurt
    See remarks
    Bought
    Date
    13 May 2026
    Shares
    4,000
    Price
    $12.58
    Value
    $50,320
  • Loree Rebecca Corbin
    Director
    Bought
    Date
    12 May 2026
    Shares
    3,925
    Price
    $12.87
    Value
    $50,515
  • THOMPSON JANE J.
    Director
    Sold
    Date
    17 March 2026
    Shares
    13,667
    Price
    $16.91
    Value
    $231,109
  • THOMPSON JANE J.
    Director
    Sold
    Date
    17 March 2026
    Shares
    13,667
    Price
    $16.91
    Value
    $231,109
  • Schoen Kurt
    See remarks
    Bought
    Date
    17 March 2026
    Shares
    3,000
    Price
    $17.00
    Value
    $51,000
  • Cote John D.
    Director
    Bought
    Date
    17 March 2026
    Shares
    5,800
    Price
    $17.10
    Value
    $99,180
  • Knott Thomas R.
    See remarks, Director
    Bought
    Date
    17 March 2026
    Shares
    44,000
    Price
    $17.08
    Value
    $751,520

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 12 Mar 2026, plus the 10-Q filed 6 Aug 2026 and 6 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • Sales have shrunk: 31.3% a year.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.