Cantaloupe, Inc. reported its third-quarter fiscal year 2025 financial results, showcasing a revenue increase of 11.1% year-over-year to $75.4 million. The growth was driven by a 10.1% increase in subscription and transaction revenues. Net income applicable to common shares reached $48.9 million, a significant rise from the $4.4 million reported in the same quarter of the previous year. This increase was largely attributed to a $42.2 million one-time release of the valuation allowance on deferred tax assets related to federal and state net operating loss carryforwards. Diluted earnings per share stood at $0.65, compared to $0.06 in the prior year quarter. Transaction fees increased by 10.0% to $44.0 million, while subscription fees grew by 10.3% to $21.2 million. Equipment sales saw a notable rise of 17.9%, totaling $10.2 million. The total dollar volume of transactions reached $852.4 million, marking an 11.1% increase from the previous year's third quarter, with transaction volume totaling 296.1 million, up 4.5%. Adjusted gross margins improved to 41.6% from 39.6% in the prior year period, with subscription fees and transaction fee gross margins increasing to 90.7% and 24.8%, respectively. Equipment sales gross margins also rose to 12.3% from 7.2%. Adjusted EBITDA rose by 36.6% to $13.9 million, compared to $10.2 million in the same quarter of fiscal year 2024. For the full fiscal year 2025, Cantaloupe revised its outlook with total revenue expected between $302 million and $308 million, and US GAAP net income applicable to common shares estimated to be between $64 million and $70 million. Adjusted EBITDA is projected to be between $46 million and $50 million, with total operating cash flow anticipated to remain between $24 million and $32 million.