SEGMENT INFORMATION

6 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company has one reportable segment, Cantaloupe, Inc. The business activities are managed on a consolidated basis. The types of software and services from which we generate revenue are described under our “Revenue Recognition” policy within Note 2 - Summary of Significant Accounting Policies of our Annual Report.

Our chief operating decision maker, or CODM, is our Chief Executive Officer. The CODM assesses performance for the segment and decides how to allocate resources based on net income that is also reported on the Condensed Consolidated Statements of Operations as consolidated net income. The CODM does not use any segment asset measures to assess performance and decide how to allocate resources.

The following table sets out our measure of profit or loss and significant segment expenses:

	Three Months Ended December 31,				Six Months Ended December 31,
($ in thousands)	2025		2024		2025		2024
Revenue	$	78,712	$	73,722	$	159,565	$	144,558
Segment expenses:
Cost of sales	(48,168)		(43,002)		(95,507)		(84,987)
Compensation and benefits	(12,501)		(12,811)		(24,855)		(25,210)
Rent, occupancy, and insurance	(1,075)		(1,107)		(2,145)		(2,194)
Professional services	(6,082)		(2,338)		(15,127)		(5,463)
Subscription and cloud services	(2,870)		(2,483)		(5,626)		(4,745)
Other general & administrative expenses	(2,169)		(2,452)		(5,037)		(5,651)
Depreciation and amortization	(4,241)		(3,366)		(8,035)		(6,038)
Other segment (benefits) expenses	(529)		(794)		(1,143)		(1,151)
Income tax expense	(1,147)		(395)		(3,079)		(573)
Segment net (loss) income	$	(70)	$	4,974	$	(989)	$	8,546

(1) Other general & administrative expenses include marketing, bad debt expense, office supplies, adjustments to sales and use tax reserves and other various selling, general and administrative expenses.

(2) Other segment expenses (benefits) include interest and other income and interest expense.

The Company operates through legal entities in several countries, primarily conducting its business activities in the United States, Mexico, and the United Kingdom. The Company did not earn material revenue in any country other than the United States during the three and six months ended December 31, 2025 and 2024.

Long-lived assets, excluding intangible assets, by location were not material other than the United States. Tangible long-lived assets consist of property and equipment and operating lease right-of-use assets.