Cimpress Reports 3% Revenue Growth to $3.4 Billion, Net Income Declines

Cimpress plc reported a revenue increase of 3% for the fiscal year ending June 30, 2025, reaching $3.4 billion, compared to $3.29 billion in the previous year. The growth was primarily driven by strong performance in its Vista and PrintBrothers segments, with Vista generating $1.82 billion in revenue, a 5% increase from the prior year. However, the company experienced a significant decline in net income, which fell to $12.9 million from $177.8 million in the previous fiscal year, largely due to increased operating expenses and a higher tax burden.

The company's operating income decreased by $21.1 million to $226.3 million, influenced by non-recurring benefits from the previous year and increased costs associated with tariffs and restructuring. Adjusted EBITDA also saw a decline, dropping to $433.2 million from $468.7 million. The decrease in profitability was attributed to a shift in product mix towards lower-margin items and higher operational costs, including a $3 million impact from tariffs in the fourth quarter.

Cimpress continued to expand its operational capabilities, launching a new production facility in the U.S. in March 2025, which is expected to enhance its manufacturing efficiency. The company also reported a total employee headcount of approximately 15,000, with ongoing investments in technology and talent infrastructure, particularly in India. The Vista segment alone serves around 11 million small businesses annually, highlighting the company's extensive customer base.

Looking ahead, Cimpress remains focused on maximizing its intrinsic value per share, despite the fluctuations in financial metrics. The company plans to continue investing in its mass customization platform and expanding its product offerings to capture growth in the evolving print and promotional products market. Management expressed confidence in navigating the challenges posed by market conditions and competition, aiming for long-term value creation.