SEGMENT INFORMATION

9 Months Ended

Mar. 31, 2026

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 March 31,				Nine Months Ended March 31,
($ in thousands)	2026		2025		2026		2025
Revenue	$	78,693	$	75,427	$	238,258	$	219,985
Segment expenses:
Cost of sales	(48,256)		(44,066)		(143,763)		(129,053)
Compensation and benefits	(12,564)		(11,172)		(37,419)		(36,383)
Rent, occupancy, and insurance	(1,145)		(1,169)		(3,290)		(3,363)
Professional services	(8,994)		(2,577)		(24,120)		(8,041)
Subscription and cloud services	(2,827)		(2,471)		(8,453)		(7,215)
Other general & administrative expenses	(1,372)		(706)		(6,410)		(6,357)
Depreciation and amortization	(4,302)		(6,367)		(12,337)		(12,405)
Other segment (benefits) expenses	120		353		(1,025)		(798)
Income tax expense	(1,511)		41,904		(4,588)		41,332
Segment net (loss) income	$	(2,158)	$	49,156	$	(3,147)	$	57,702

(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 nine months ended March 31, 2026 and 2025.

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.