CompoSecure Holdings, Inc. (CMPO) is a company engaged in the design and manufacturing of metal payment cards and digital asset security solutions. The company primarily sells metal payment cards, including contact and dual interface cards, as well as Prelams, which are components used in card construction. Additionally, CMPO offers digital asset storage solutions through its Arculus platform.
- Payment Card - Designs and manufactures metal payment cards, including contact and dual interface cards, and provides Prelams for card construction.
- Arculus - Offers security and authentication solutions, including hardware wallets for cryptocurrency and other digital assets.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jonathan C. Wilk ExecutiveBoard | President and Chief Executive Officer | CEO of CompoSecure, Inc. since May 2017, previously served as President and Chief Revenue Officer from March 2016. | View Report → |
- Could you provide more granularity on the specific operational measures and manufacturing efficiencies that drove the gross margin expansion, and can you quantify the margin improvement expected over the next 12-18 months?
- How do you envision the evolution of the Resolute Holdings management fee structure as revenue and EBITDA grow, and are there plans to enhance its value proposition beyond fee-based revenue?
- You noted a robust M&A pipeline—can you clarify how many deals are currently in advanced stages of diligence and what impact these could have on your short-term strategic outlook?
- With your recent momentum in crypto and stablecoin-linked products, how will you manage regulatory uncertainties while scaling these offerings and integrating them with your traditional payment solutions?
- Can you detail the cost-saving initiatives across the order-to-cash cycle that have contributed to improved operational efficiency, and what quantitative benefits in cash flow do you expect from these efforts going forward?
Research analysts who have asked questions during CompoSecure earnings calls.
Jacob Stephan
Lake Street Capital Markets, LLC
5 questions for CMPO
Moshe Orenbuch
TD Cowen
4 questions for CMPO
Jinli Chan
Bank of America
3 questions for CMPO
John Todaro
Needham & Company
3 questions for CMPO
Reginald Smith
JPMorgan Chase & Co.
3 questions for CMPO
Brian Vieten
Needham & Company
2 questions for CMPO
Harold Goetsch
B. Riley Securities
2 questions for CMPO
Reggie Smith
JPMorgan Chase & Co.
2 questions for CMPO
Hal Goestch
B. Riley Securities
1 question for CMPO
Joseph Flynn
Compass Point Research & Trading, LLC
1 question for CMPO
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Idemia France S.A.S. | Competes in the metal card manufacturing market, focusing primarily on lower-margin plastic card manufacturing, with less production capacity and technical expertise in the metal form factor compared to the company. |
Thales DIS France SA | Operates in the card manufacturing industry, focusing on plastic cards and having limited selection and expertise in metal card designs and constructions. |
A competitor in the card manufacturing market, primarily focusing on plastic cards and lacking the scale and innovation in metal card production. | |
Giesecke & Devrient GmbH | Engages in card manufacturing with a focus on plastic cards, having less extensive supplier relationships for raw materials needed for metal cards. |
Federal Card Systems | Competes in the card manufacturing industry with a focus on plastic cards and limited expertise in metal card production. |
Kona I | A competitor in the card manufacturing market, focusing on plastic cards and lacking the scale and innovation in metal card production. |
BioSmart Co., Ltd. | Operates in the card manufacturing industry, focusing on plastic cards and having limited selection and expertise in metal card designs and constructions. |
ICK International | Competes in the card manufacturing market, primarily focusing on plastic cards and lacking the scale and innovation in metal card production. |
Yubikey | A primary competitor in the secure authentication solutions market, offering a stand-alone hardware device typically connected to a computer for authentication functionality. |
Competes in the secure authentication solutions market, providing technology to enhance customer security. | |
Ledger SAS | A competitor in the cold storage wallet market, offering products for digital asset storage but lacking the range of security features and enhanced user interface of the company's Arculus Cold Storage Wallet. |
Trezor | Competes in the cold storage wallet market, providing digital asset storage solutions but not offering the same level of security features and user experience as the company's product. |
CoolWallets | Operates in the cold storage wallet market, offering digital asset storage solutions but lacking the enhanced security features and user interface of the company's wallet. |
KeepKey | A competitor in the cold storage wallet market, providing digital asset storage solutions but not matching the security features and user experience of the company's product. |
Coldcard | Competes in the cold storage wallet market, offering digital asset storage solutions but lacking the range of security features and user interface of the company's wallet. |
BitBox | Operates in the cold storage wallet market, providing digital asset storage solutions but not offering the same level of security features and user experience as the company's product. |
Ballet | A competitor in the cold storage wallet market, offering digital asset storage solutions but lacking the enhanced security features and user interface of the company's wallet. |
Ellipal | Competes in the cold storage wallet market, providing digital asset storage solutions but not matching the security features and user experience of the company's product. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
JP Morgan Chase | Long-term (17 years) providing metal payment cards | All | FY 2024: 37.0% of net sales ; FY 2023: 41.7% of net sales |
American Express | Long-term (21 years) providing metal payment cards | All | FY 2024: 26.2% of net sales ; FY 2023: 28.8% of net sales |
Recent press releases and 8-K filings for CMPO.
- CompoSecure reported strong Non-GAAP financial results for Q2 2025, with Net Sales increasing 10% to $119.6 million and Pro Forma Adjusted EBITDA rising 26% to $46.3 million compared to Q2 2024.
- The company's Non-GAAP Gross Profit increased to $68.8 million, representing a 57.5% gross margin, up from 51.6% in the prior year, attributed to improved manufacturing efficiencies from the CompoSecure Operating System (COS).
- CompoSecure is raising its full-year 2025 guidance, now expecting Non-GAAP Net Sales of approximately $455 million and Pro Forma Adjusted EBITDA of approximately $158 million.
- Due to the spin-off of Resolute Holdings Management, Inc. on February 28, 2025, CompoSecure now accounts for its operating subsidiary under the equity method, and presents Non-GAAP results for comparability with historical periods.