Segment Information (Tables)

3 Months Ended

Sep. 30, 2025

Segment Reporting, Revenue Reconciling Item [Line Items]

Reconciliation of Revenue from Segments to Consolidated

The following tables set forth revenue by reportable segment, as well as disaggregation of revenue by major geographic region and reportable segment.


	Three Months Ended September 30,
	2025		2024 (1)
Revenue:
Vista	$	454,909	$	429,576
PrintBrothers	184,711		160,424
The Print Group	96,710		84,202
National Pen	103,209		93,590
All Other Businesses	61,742		57,240
Total segment revenue	901,281		825,032
Inter-segment eliminations (2)	(38,004)		(20,063)
Total consolidated revenue	$	863,277	$	804,969

_____________________

(1) The prior-period segment results have been adjusted to ensure comparability with the updated methodology used for inter-segment transactions. Refer to the discussion above for further details.

(2) Refer to the "Revenue by Geographic Region" tables below for detail of the inter-segment revenue within each respective segment.

Revenue from External Customers by Geographic Areas [Table Text Block]


	Three Months Ended September 30, 2025
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	317,720	$	—	$	618	$	53,431	$	41,942	$	413,711
Europe	109,482		181,449		85,543		36,951		186		413,611
Other	26,255		—		—		1,653		8,047		35,955
Inter-segment	1,452		3,262		10,549		11,174		11,567		38,004
Total segment revenue	454,909		184,711		96,710		103,209		61,742		901,281
Less: inter-segment elimination	(1,452)		(3,262)		(10,549)		(11,174)		(11,567)		(38,004)
Total external revenue	$	453,457	$	181,449	$	86,161	$	92,035	$	50,175	$	863,277


	Three Months Ended September 30, 2024
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	309,175	$	—	$	—	$	52,287	$	43,368	$	404,830
Europe	95,657		159,368		80,907		32,007		—		367,939
Other	23,759		—		—		1,442		6,999		32,200
Inter-segment (1)	985		1,056		3,295		7,854		6,873		20,063
Total segment revenue (1)	429,576		160,424		84,202		93,590		57,240		825,032
Less: inter-segment elimination (1)	(985)		(1,056)		(3,295)		(7,854)		(6,873)		(20,063)
Total external revenue	$	428,591	$	159,368	$	80,907	$	85,736	$	50,367	$	804,969

_____________________

(1) The prior-period segment results have been adjusted to ensure comparability with the updated methodology used for inter-segment transactions. Refer to the discussion above for further details.

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated


	Three Months Ended September 30,
	2025		2024
Purchases of property, plant and equipment:
Vista	$	10,616	$	7,526
PrintBrothers	2,404		1,367
The Print Group	9,090		3,767
National Pen	2,471		1,363
All Other Businesses	1,564		2,511
Central and corporate costs	208		467
Total purchases of property, plant and equipment	$	26,353	$	17,001


	Three Months Ended September 30,
	2025		2024
Capitalization of software and website development costs:
Vista	$	6,563	$	6,057
PrintBrothers	1,294		602
The Print Group	1,245		949
National Pen	1,035		1,100
All Other Businesses	1,312		1,499
Central and corporate costs	5,837		4,364
Total capitalization of software and website development costs	$	17,286	$	14,571

Long-lived assets by geographic area

The following table sets forth long-lived assets by geographic area:


	September 30, 2025		June 30, 2025
Long-lived assets (1):
United States	$	70,559	$	64,615
Switzerland	77,236		72,971
Netherlands	70,453		67,396
Canada	64,112		66,725
Italy	45,589		41,496
Germany	38,908		37,331
Tunisia	33,069		29,868
France	29,933		31,095
Australia	25,843		23,915
Other	81,352		112,586
Total	$	537,054	$	547,998

___________________

(1) Excludes goodwill of $826,363 and $826,156, intangible assets, net of $54,116 and $58,348, and deferred tax assets of $57,905 and $61,086 as of September 30, 2025 and June 30, 2025, respectively.

Schedule of Segment Reporting Information, by Segment

The following tables include segment revenue and significant segment expenses by reportable segment, as well as our reported measure of segment profit or loss, EBITDA, by reportable segment for the three months ended September 30, 2025 and 2024. Total segment EBITDA shown in the tables below is prior to inter-segment eliminations. Refer to the subsequent table for a reconciliation of total segment EBITDA to income from operations and income (loss) before income taxes.


	Three Months Ended September 30, 2025
	Vista		PrintBrothers		The Print Group		National Pen		All Other

Total segment revenue (1)	$	454,909	$	184,711	$	96,710	$	103,209	$	61,742
Less: Cost of revenue (1)	201,921		132,136		61,031		53,362		34,185
Segment gross profit	252,988		52,575		35,679		49,847		27,557
Less: Advertising expenses	66,504		6,009		6,100		26,596		10,574
Less: Other operating expenses (2)	111,171		25,322		16,110		28,727		12,314
Add: Depreciation and amortization	14,297		3,571		5,541		3,026		4,398
Add: Other segment items (3)	376		924		(339)		58		13
Segment EBITDA (4)	$	89,986	$	25,739	$	18,671	$	(2,392)	$	9,080


	Three Months Ended September 30, 2024
	Vista		PrintBrothers		The Print Group		National Pen		All Other

Total segment revenue (1)	$	429,576	$	160,424	$	84,202	$	93,590	$	57,240
Less: Cost of revenue (1)	192,037		115,233		52,090		43,653		31,294
Segment gross profit	237,539		45,191		32,112		49,937		25,946
Less: Advertising expenses	65,128		5,371		5,618		27,680		10,234
Less: Other operating expenses (2)	104,861		23,089		12,483		30,075		13,604
Add: Depreciation and amortization	13,047		3,475		5,211		3,246		4,647
Add: Other segment items (3)	545		(12)		(1,160)		—		107
Segment EBITDA (4)	$	81,142	$	20,194	$	18,062	$	(4,572)	$	6,862

__________________

(1) The prior-period segment results have been adjusted to ensure comparability with the updated methodology used for inter-segment transactions and the transfer of two functions between our Vista reportable segment and central and corporate costs. Refer to the discussion above for further details.

(2) For each reportable segment, other operating expenses consists primarily of marketing and selling expense (excluding advertising expenses), technology and development expense and general and administrative expense.

(3) Other segment items primarily includes certain items excluded from our definition of segment EBITDA, which includes expense recognized for contingent earn-out related charges including the changes in fair value of contingent consideration and compensation expense related to cash-based earn-out mechanisms dependent upon continued employment, share-based compensation related to investment consideration, certain impairment expense, and restructuring charges.

(4) For the three months ended September 30, 2025 and 2024 total segment EBITDA was $141,084 and $121,688, respectively. In addition to the adjustments described above as part of other segment items, total segment EBITDA excludes the impact of central and corporate costs which is not considered a reportable segment, as well as the elimination of inter-segment transactions which are included in the reconciliation to income (loss) before income taxes as outlined below.

CIMPRESS plc 10-Q