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Paysign (PAYS) Financials

Paysign logo
$8.26 0.00 (0.00%)
Closing price 07/2/2026 04:00 PM Eastern
Extended Trading
$8.16 -0.10 (-1.15%)
As of 07/2/2026 05:39 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Paysign

Annual Income Statements for Paysign

This table shows Paysign's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -2.41 1.40 1.79 2.59 7.45 -9.14 -2.72 1.03 6.46 3.82 7.55
Consolidated Net Income / (Loss)		 -2.55 1.30 1.79 2.58 7.45 -9.14 -2.72 1.03 6.46 3.82 7.55
Net Income / (Loss) Continuing Operations		 -2.55 1.30 1.79 2.58 7.45 -9.14 -2.72 1.03 6.46 3.82 7.55
Total Pre-Tax Income 		-2.55 1.30 1.79 2.58 6.54 -8.25 -2.71 1.14 2.36 4.14 10
Total Operating Income		 -0.01 1.36 1.77 2.47 6.10 -8.34 -2.74 0.34 -0.17 1.02 7.36
Total Gross Profit		 4.09 4.54 6.70 11 19 9.30 15 21 24 32 49
Total Revenue		 8.11 10 15 23 35 24 29 38 47 58 82
Operating Revenue		 8.11 10 15 23 35 24 29 38 47 58 82
Total Cost of Revenue		 4.02 5.88 8.53 12 15 15 15 17 23 26 33
Operating Cost of Revenue		 4.02 5.88 8.53 12 15 15 15 17 23 26 33
Total Operating Expenses		 4.10 3.18 4.93 8.92 13 18 17 21 24 31 41
Selling, General & Admin Expense		 3.73 2.61 4.06 7.84 12 15 15 18 20 25 33
Depreciation Expense		 0.36 0.57 0.88 1.09 1.48 2.12 2.50 2.91 4.03 5.99 8.32
Total Other Income / (Expense), net		 -2.54 -0.06 0.02 0.11 0.44 0.09 0.03 0.79 2.53 3.12 2.67
Interest & Investment Income		 - - - 0.14 0.44 0.09 0.03 0.79 2.53 3.12 2.67
Income Tax Expense		 0.00 0.00 0.01 0.00 -0.91 0.89 0.01 0.11 -4.09 0.32 2.48
Basic Earnings per Share		 ($0.06) $0.04 $0.04 $0.06 $0.16 - ($0.05) $0.02 $0.12 $0.07 $0.14
Weighted Average Basic Shares Outstanding		 39.64M 42.88M 43.40M 45.45M 47.44M 49.27M 50.98M 52.05M 52.49M 53.21M 54.43M
Diluted Earnings per Share		 $0.00 $0.03 $0.04 $0.05 $0.14 - ($0.05) $0.02 $0.12 $0.07 $0.13
Weighted Average Diluted Shares Outstanding		 0.00 43.87M 48.04M 51.99M 54.55M 49.27M 50.98M 52.93M 54.16M 55.59M 59.65M
Weighted Average Basic & Diluted Shares Outstanding		 42.77M 43.19M 43.67M 46.73M 49.01M 50.45M 51.86M 52.46M 52.97M 53.75M 55.19M

Quarterly Income Statements for Paysign

This table shows Paysign's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 1.10 5.62 0.31 0.70 1.44 1.37 2.59 1.39 2.22 1.36 5.44
Consolidated Net Income / (Loss)		 1.10 5.62 0.31 0.70 1.44 1.37 2.59 1.39 2.22 1.36 5.44
Net Income / (Loss) Continuing Operations		 1.10 5.62 0.31 0.70 1.44 1.37 2.59 1.39 2.22 1.36 5.44
Total Pre-Tax Income 		1.21 1.36 0.47 0.94 1.49 1.24 3.25 2.04 2.25 2.49 7.47
Total Operating Income		 0.59 0.63 -0.26 0.13 0.69 0.46 2.49 1.44 1.58 1.85 6.67
Total Gross Profit		 6.33 7.14 6.94 7.59 8.47 9.20 12 12 12 13 18
Total Revenue		 12 14 13 14 15 16 19 19 22 23 28
Operating Revenue		 12 14 13 14 15 16 19 19 22 23 28
Total Cost of Revenue		 6.07 6.55 6.25 6.75 6.78 6.41 6.91 7.32 9.45 9.63 9.82
Operating Cost of Revenue		 6.07 6.55 6.25 6.75 6.78 6.41 6.91 7.32 9.45 9.63 9.82
Total Operating Expenses		 5.74 6.51 7.20 7.46 7.78 8.73 9.20 10 11 11 12
Selling, General & Admin Expense		 4.70 5.33 5.91 6.02 6.22 7.03 7.40 8.20 8.38 9.06 8.91
Depreciation Expense		 1.05 1.18 1.29 1.44 1.57 1.70 1.80 2.12 2.19 2.21 2.64
Total Other Income / (Expense), net		 0.62 0.73 0.73 0.81 0.80 0.77 0.76 0.61 0.66 0.64 0.80
Interest & Investment Income		 0.62 0.73 0.73 0.81 0.80 0.77 0.76 0.61 0.66 0.64 0.80
Income Tax Expense		 0.11 -4.26 0.16 0.24 0.05 -0.14 0.67 0.66 0.03 1.13 2.03
Basic Earnings per Share		 $0.02 $0.10 $0.01 $0.01 $0.03 $0.02 $0.05 $0.03 $0.04 $0.02 $0.10
Weighted Average Basic Shares Outstanding		 52.55M 52.49M 52.84M 53.01M 53.45M 53.21M 53.58M 54.23M 54.80M 54.43M 55.17M
Diluted Earnings per Share		 $0.02 $0.10 $0.01 $0.01 $0.03 $0.02 $0.05 $0.02 $0.04 $0.02 $0.09
Weighted Average Diluted Shares Outstanding		 53.48M 54.16M 54.76M 55.86M 56.05M 55.59M 55.14M 57.87M 61.77M 59.65M 61.02M
Weighted Average Basic & Diluted Shares Outstanding		 52.75M 52.97M 52.98M 53.14M 53.55M 53.75M 54.22M 54.45M 55.04M 55.19M 55.91M

Annual Cash Flow Statements for Paysign

This table details how cash moves in and out of Paysign's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -2.50 3.18 5.53 15 14 10 13 21 19 13 43
Net Cash From Operating Activities		 -0.72 4.21 7.15 16 17 14 15 25 28 23 52
Net Cash From Continuing Operating Activities		 -0.72 4.21 7.15 16 17 14 15 25 28 23 52
Net Income / (Loss) Continuing Operations		 -2.41 1.40 1.79 2.59 7.45 -9.14 -2.72 1.03 6.46 3.82 7.55
Consolidated Net Income / (Loss)		 -2.41 1.40 1.79 2.59 7.45 -9.14 -2.72 1.03 6.46 3.82 7.55
Depreciation Expense		 0.36 0.57 0.88 1.09 1.48 2.12 2.50 2.91 4.03 5.99 8.32
Non-Cash Adjustments To Reconcile Net Income		 2.03 -1.01 0.05 1.36 9.29 19 15 2.32 15 22 36
Changes in Operating Assets and Liabilities, net		 -0.71 3.24 4.44 11 -1.51 1.95 -0.02 19 2.16 -8.55 0.29
Net Cash From Investing Activities		 -0.93 -0.89 -1.52 -1.59 -3.24 -3.34 -2.68 -4.09 -7.05 -9.49 -10
Net Cash From Continuing Investing Activities		 -0.93 -0.89 -1.52 -1.59 -3.24 -3.34 -2.68 -4.09 -7.05 -9.49 -10
Purchase of Property, Plant & Equipment		 -0.14 -0.11 -0.71 -0.26 -1.96 -3.26 -2.62 -3.91 -7.05 -9.36 -8.01
Acquisitions		 -0.79 -0.78 -0.81 -1.34 -1.28 -0.08 -0.06 -0.19 0.00 -0.13 -0.08
Other Investing Activities, net		 - - - - - - - - - 0.00 -2.00
Net Cash From Financing Activities		 -0.85 -0.14 -0.10 0.10 0.43 -0.07 0.19 0.00 -1.12 -0.47 0.28
Net Cash From Continuing Financing Activities		 -0.85 -0.14 -0.10 0.00 0.43 -0.07 0.19 0.00 -1.12 -0.47 0.28
Repurchase of Common Equity		 - - - - - - - 0.00 -1.13 -0.50 -0.38
Other Financing Activities, net		 - 0.00 0.05 - 0.43 -0.07 0.19 0.00 0.01 0.03 0.66
Cash Income Taxes Paid		 - 0.00 0.02 0.01 - 0.00 0.00 0.04 0.21 0.14 0.41

Quarterly Cash Flow Statements for Paysign

This table details how cash moves in and out of Paysign's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 1.92 21 5.97 18 -23 12 -11 2.42 4.64 46 15
Net Cash From Operating Activities		 4.03 23 8.24 21 -20 14 -6.03 3.64 6.75 48 19
Net Cash From Continuing Operating Activities		 4.03 23 8.24 21 -20 14 -6.03 3.64 6.75 48 19
Net Income / (Loss) Continuing Operations		 1.10 5.62 0.31 0.70 1.44 1.37 2.59 1.39 2.22 1.36 5.44
Consolidated Net Income / (Loss)		 1.10 5.62 0.31 0.70 1.44 1.37 2.59 1.39 2.22 1.36 5.44
Depreciation Expense		 1.05 1.18 1.29 1.44 1.57 1.70 1.80 2.12 2.19 2.21 2.64
Non-Cash Adjustments To Reconcile Net Income		 2.81 13 17 -5.42 -1.40 -7.10 -6.35 -1.58 9.87 34 16
Changes in Operating Assets and Liabilities, net		 -0.93 4.11 -9.92 24 -22 18 -4.07 1.72 -7.52 10 -5.60
Net Cash From Investing Activities		 -1.96 -2.05 -2.27 -2.37 -2.45 -2.40 -4.44 -1.81 -2.18 -1.66 -2.08
Net Cash From Continuing Investing Activities		 -1.96 -2.05 -2.27 -2.37 -2.45 -2.40 -4.44 -1.81 -2.18 -1.66 -2.08
Purchase of Property, Plant & Equipment		 -1.96 -2.05 -2.15 -2.37 -2.45 -2.40 -2.43 -1.80 -2.12 -1.66 -1.68
Acquisitions		 - - -0.12 - - -0.01 -0.01 -0.01 -0.06 0.00 -0.40
Other Investing Activities, net		 - - 0.00 - - - -2.00 - - - 0.00
Net Cash From Financing Activities		 -0.15 - 0.00 0.02 -0.36 -0.13 -0.38 0.59 0.07 - -2.20
Net Cash From Continuing Financing Activities		 -0.15 - 0.00 0.02 -0.36 -0.13 -0.38 0.59 0.07 - -2.20
Repurchase of Common Equity		 -0.15 - 0.00 - -0.36 -0.13 -0.38 - - - -0.20
Other Financing Activities, net		 - - - - 0.00 - 0.00 - 0.07 - -2.00
Cash Income Taxes Paid		 0.03 0.02 0.00 0.07 0.03 0.03 0.00 0.38 0.01 0.02 0.00

Annual Balance Sheets for Paysign

This table presents Paysign's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 10 14 20 36 54 68 84 108 147 179 276
Total Current Assets		 8.72 12 18 33 48 58 74 98 129 159 240
Cash & Equivalents		 1.39 1.63 2.75 5.62 9.66 7.83 7.39 9.71 17 11 21
Restricted Cash		 7.06 10 14 26 36 48 61 80 92 112 144
Accounts Receivable		 0.02 0.11 0.17 0.34 0.89 0.51 4.41 6.12 18 34 72
Prepaid Expenses		 0.25 0.27 0.58 1.17 1.41 1.38 1.24 1.70 2.02 2.25 1.95
Other Current Assets		 - - - - - - - - - - 0.93
Plant, Property, & Equipment, net		 0.27 0.30 0.85 0.88 0.94 1.85 1.64 1.26 1.09 1.16 1.90
Total Noncurrent Assets		 1.27 1.56 1.64 2.12 4.73 8.02 8.08 9.27 16 19 34
Goodwill		 - - - - - - - - - 0.00 4.49
Intangible Assets		 1.26 1.55 1.64 2.12 3.82 3.70 4.09 5.66 8.81 12 22
Noncurrent Deferred & Refundable Income Taxes		 - - - 0.01 0.92 - - 0.00 4.30 4.00 1.73
Other Noncurrent Operating Assets		 0.00 0.01 - - 0.00 4.32 3.99 3.61 3.22 2.79 5.73
Total Liabilities & Shareholders' Equity		 10 14 20 36 54 68 84 108 147 179 276
Total Liabilities		 9.08 11 16 27 34 55 71 92 122 149 228
Total Current Liabilities		 8.74 11 16 27 34 51 67 89 119 146 216
Short-Term Debt		 0.17 0.12 - - - - - - - 0.00 1.86
Accounts Payable		 0.59 0.77 1.15 1.33 1.52 2.16 5.77 8.09 27 34 71
Current Deferred Revenue		 - - - - 33 48 61 80 92 111 143
Other Current Liabilities		 0.92 0.25 - - 0.00 0.32 0.34 0.36 0.38 0.45 0.75
Total Noncurrent Liabilities		 0.34 0.03 0.00 0.00 0.00 4.01 3.67 3.31 2.93 2.48 11
Long-Term Debt		 0.00 0.03 - - - - - - - 0.00 6.14
Other Noncurrent Operating Liabilities		 - - - - 0.00 4.01 3.67 3.31 2.93 2.48 5.27
Commitments & Contingencies		 0.00 - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1.18 2.70 4.84 8.89 19 13 13 16 24 30 48
Total Preferred & Common Equity		 1.27 2.89 5.04 9.10 20 13 13 16 24 30 48
Preferred Stock		 - - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1.27 2.89 5.04 9.10 20 13 13 16 24 30 48
Common Stock		 6.62 6.84 7.20 8.67 12 14 17 19 22 25 36
Retained Earnings		 -5.20 -3.80 -2.01 0.58 8.09 -1.05 -3.77 -2.75 3.71 7.53 15
Treasury Stock		 -0.15 -0.15 -0.15 -0.15 -0.15 -0.15 -0.15 -0.15 -1.28 -1.77 -2.15

Quarterly Balance Sheets for Paysign

This table presents Paysign's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 111 173 182 167 205 194 210 313
Total Current Assets		 99 155 163 147 167 159 171 277
Cash & Equivalents		 9.94 7.01 31 10 6.85 12 7.53 21
Restricted Cash		 78 108 102 100 105 102 111 159
Accounts Receivable		 8.65 37 27 35 53 42 50 94
Prepaid Expenses		 2.25 2.36 2.47 2.40 2.38 2.41 2.46 3.27
Other Current Assets		 - - - - - - - 0.35
Plant, Property, & Equipment, net		 1.15 1.05 1.11 1.14 1.13 1.12 1.45 2.01
Total Noncurrent Assets		 11 17 18 18 37 34 37 33
Goodwill		 - - - - 5.51 4.49 4.49 4.49
Intangible Assets		 7.88 9.84 11 12 25 24 23 22
Noncurrent Deferred & Refundable Income Taxes		 - 4.22 4.08 3.87 3.48 3.33 2.99 1.68
Other Noncurrent Operating Assets		 3.32 3.11 3.01 2.90 2.68 2.57 5.94 5.52
Total Liabilities & Shareholders' Equity		 111 173 182 167 205 194 210 313
Total Liabilities		 93 148 155 138 166 152 164 258
Total Current Liabilities		 90 145 153 136 156 143 152 248
Short-Term Debt		 - - - - 2.00 1.60 1.73 1.59
Accounts Payable		 12 36 50 35 49 39 39 88
Current Deferred Revenue		 78 108 102 100 104 102 110 158
Other Current Liabilities		 0.38 0.39 0.40 0.42 0.47 0.49 0.58 0.87
Total Noncurrent Liabilities		 3.03 2.83 2.72 2.60 10 8.37 12 9.60
Long-Term Debt		 - - - - 7.81 6.14 6.14 4.55
Other Noncurrent Operating Liabilities		 3.03 2.83 2.72 2.60 2.36 2.23 5.50 5.05
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 18 25 27 29 39 42 46 55
Total Preferred & Common Equity		 18 25 27 29 39 42 46 55
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 18 25 27 29 39 42 46 55
Common Stock		 21 23 23 24 31 33 34 37
Retained Earnings		 -1.91 4.02 4.72 6.16 10 12 14 21
Treasury Stock		 -1.28 -1.28 -1.28 -1.64 -2.15 -2.15 -2.15 -2.35

Annual Metrics And Ratios for Paysign

This table displays calculated financial ratios and metrics derived from Paysign's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 42,510,765.00 42,948,265.00 43,660,765.00 44,100,765.00 47,923,762.00 49,844,457.00 51,691,932.00 52,246,932.00 52,754,374.00 - 55,042,888.00
DEI Adjusted Shares Outstanding		 42,510,765.00 42,948,265.00 43,660,765.00 44,100,765.00 47,923,762.00 49,844,457.00 51,691,932.00 52,246,932.00 52,754,374.00 - 55,042,888.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.06 0.03 0.04 0.06 0.16 -0.18 -0.05 0.02 0.12 - 0.14
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -21.23% 28.48% 46.25% 53.76% 48.00% -30.42% 22.16% 29.08% 24.30% 23.50% 40.50%
EBITDA Growth		 -173.64% 190.46% 36.63% 32.73% 114.80% -181.92% 96.11% 1,447.31% 18.60% 81.81% 123.50%
EBIT Growth		 -191.41% 154.66% 29.78% 36.85% 149.91% -236.65% 67.15% 112.57% -148.57% 710.75% 620.78%
NOPAT Growth		 -100.23% 21,976.35% 29.68% 40.34% 181.09% -183.98% 67.15% 116.26% -246.60% 306.12% 488.32%
Net Income Growth		 -197.68% 150.90% 37.61% 44.55% 188.73% -222.66% 70.23% 137.77% 528.42% -40.92% 97.90%
EPS Growth		 -100.00% 0.00% 33.33% 25.00% 180.00% 0.00% 0.00% 140.00% 500.00% -41.67% 85.71%
Operating Cash Flow Growth		 -123.34% 684.47% 70.07% 123.67% 4.48% -17.57% 10.54% 66.26% 9.10% -16.92% 128.57%
Free Cash Flow Firm Growth		 -122.19% 489.85% 74.05% 143.88% -19.19% 2.73% 1.85% 66.83% -40.75% -26.13% 177.33%
Invested Capital Growth		 9.84% -23.76% -40.27% -84.82% -15.34% -63.06% -29.99% -32.18% -15.30% -8.29% -18.05%
Revenue Q/Q Growth		 -25.54% 9.26% 11.46% 10.64% 9.13% -9.43% 5.41% 5.12% 6.95% 3.39% 9.55%
EBITDA Q/Q Growth		 -173.17% 22.05% 1.69% 4.81% 15.01% -46.39% 77.72% 11.30% 22.84% 5.37% 13.74%
EBIT Q/Q Growth		 -194.67% 31.43% 3.44% 0.15% 16.49% -33.92% 21.75% 159.43% 65.50% -14.10% 23.27%
NOPAT Q/Q Growth		 -100.23% 31.12% 2.69% 1.30% 20.81% -33.92% 21.75% 175.59% -6.89% -58.11% 7.67%
Net Income Q/Q Growth		 -5,866.84% 34.19% 4.34% 2.62% 20.05% -210.24% 61.86% 146.21% 316.85% -52.69% -0.14%
EPS Q/Q Growth		 -100.00% 200.00% 0.00% 0.00% 27.27% 0.00% 0.00% 0.00% 300.00% -53.33% 0.00%
Operating Cash Flow Q/Q Growth		 -122.11% 185.53% 19.83% 37.09% -7.89% -25.51% -11.61% -16.03% 1,996.66% -28.46% 180.89%
Free Cash Flow Firm Q/Q Growth		 -115.29% 3,121.96% 29.89% 38.68% -21.46% 9.26% -33.90% -25.35% 184.71% -45.04% 284.62%
Invested Capital Q/Q Growth		 19.28% -11.87% -20.61% -33.22% -6.61% -10.34% 3.67% 10.36% -21.60% -11.99% -67.10%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 50.42% 43.56% 43.98% 48.66% 55.50% 38.57% 49.93% 55.09% 51.06% 55.15% 59.39%
EBITDA Margin		 -26.55% 18.69% 17.46% 15.07% 21.88% -25.76% -0.82% 8.56% 8.16% 12.02% 19.12%
Operating Margin		 -0.11% 13.04% 11.60% 10.56% 17.60% -34.57% -9.30% 0.91% -0.35% 1.75% 8.98%
EBIT Margin		 -31.02% 13.20% 11.71% 10.42% 17.60% -34.57% -9.30% 0.91% -0.35% 1.75% 8.98%
Profit (Net Income) Margin		 -31.45% 12.46% 11.72% 11.02% 21.50% -37.90% -9.24% 2.70% 13.66% 6.54% 9.21%
Tax Burden Percent		 100.00% 100.00% 99.67% 100.00% 113.91% 110.84% 100.38% 90.53% 273.23% 92.21% 75.27%
Interest Burden Percent		 101.37% 94.39% 100.43% 105.72% 107.23% 98.91% 98.97% 329.69% -1,413.30% 405.11% 136.27%
Effective Tax Rate		 0.00% 0.00% 0.33% 0.00% -13.91% 0.00% 0.00% 9.47% -173.23% 7.79% 24.73%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -128.79% 66.95% 47.38% 37.60% 52.87% -56.19% -20.75% 7.02% 31.68% 13.89% 19.13%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 -21.66% 11.39% 10.41% 8.63% 13.60% -13.74% -3.61% 0.36% -0.13% 0.63% 3.23%
Return on Assets (ROA)		 -21.96% 10.75% 10.42% 9.12% 16.61% -15.06% -3.58% 1.07% 5.07% 2.34% 3.32%
Return on Common Equity (ROCE)		 -130.22% 71.89% 49.86% 38.71% 53.76% -56.65% -20.75% 7.02% 31.68% 13.89% 19.13%
Return on Equity Simple (ROE_SIMPLE)		 -200.50% 44.88% 35.42% 28.38% 38.09% -69.07% -20.95% 6.31% 26.38% 12.54% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.01 1.36 1.76 2.47 6.95 -5.84 -1.92 0.31 -0.46 0.94 5.54
NOPAT Margin		 -0.08% 13.04% 11.57% 10.56% 20.05% -24.20% -6.51% 0.82% -0.97% 1.61% 6.76%
Net Nonoperating Expense Percent (NNEP)		 -26.87% -0.62% 0.17% 0.44% 1.30% -6.50% -1.29% 0.90% 6.94% 2.48% 1.44%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -1.87% 3.09% 9.81%
Cost of Revenue to Revenue		 49.58% 56.44% 56.02% 51.34% 44.50% 61.43% 50.07% 44.91% 48.94% 44.85% 40.61%
SG&A Expenses to Revenue		 46.06% 25.02% 26.62% 33.45% 33.63% 62.57% 50.75% 46.54% 42.89% 43.13% 40.27%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 50.53% 30.52% 32.37% 38.10% 37.90% 73.14% 59.23% 54.19% 51.41% 53.40% 50.41%
Earnings before Interest and Taxes (EBIT)		 -2.52 1.37 1.78 2.44 6.10 -8.34 -2.74 0.34 -0.17 1.02 7.36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -2.15 1.95 2.66 3.53 7.58 -6.21 -0.24 3.25 3.86 7.02 16
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 8.02 3.57 2.08 17.07 24.86 17.47 6.37 8.27 6.03 5.31 5.85
Price to Tangible Book Value (P/TBV)		 1,368.37 7.68 3.08 22.24 30.89 24.25 9.29 12.67 9.42 8.88 13.09
Price to Revenue (P/Rev)		 1.26 0.99 0.69 6.63 14.03 9.59 2.81 3.54 3.12 2.77 3.46
Price to Earnings (P/E)		 0.00 7.36 5.85 59.98 65.25 0.00 0.00 131.15 22.87 42.38 37.54
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 13.59% 17.09% 1.67% 1.53% 0.00% 0.00% 0.76% 4.37% 2.36% 2.66%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.23 0.00 0.00 5.27 12.71 7.27 0.48 1.18 0.81 0.67 1.54
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 34.94 58.09 0.00 0.00 13.80 9.94 5.61 8.07
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 50.53 72.21 0.00 0.00 130.40 0.00 38.54 17.18
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 49.89 63.39 0.00 0.00 144.03 0.00 41.80 22.83
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 7.71 26.36 12.73 0.92 1.77 1.39 1.72 2.41
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 9.54 42.18 16.34 1.28 2.46 3.55 4.93 5.72
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.15 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.17
Long-Term Debt to Equity		 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.13
Financial Leverage		 -4.78 -5.10 -3.80 -3.56 -2.74 -3.12 -4.76 -5.42 -4.89 -4.22 -3.54
Leverage Ratio		 5.87 6.23 4.55 4.12 3.18 3.73 5.79 6.57 6.25 5.93 5.77
Compound Leverage Factor		 5.95 5.88 4.57 4.36 3.41 3.69 5.73 21.65 -88.32 24.02 7.86
Debt to Total Capital		 12.86% 5.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.17%
Short-Term Debt to Total Capital		 12.86% 4.36% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.30%
Long-Term Debt to Total Capital		 0.00% 0.98% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10.87%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 -6.76% -6.83% -4.13% -2.33% -1.36% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 93.90% 101.50% 104.13% 102.33% 101.36% 100.00% 100.00% 100.00% 100.00% 100.00% 85.83%
Debt to EBITDA		 -0.08 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.51
Net Debt to EBITDA		 3.85 -5.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -10.01
Long-Term Debt to EBITDA		 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.39
Debt to NOPAT		 -28.03 0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.44
Net Debt to NOPAT		 1,333.14 -8.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -28.33
Long-Term Debt to NOPAT		 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.11
Altman Z-Score		 -0.06 1.32 1.44 4.50 10.06 2.60 0.98 1.31 1.16 1.14 1.31
Noncontrolling Interest Sharing Ratio		 -1.11% -7.38% -5.24% -2.96% -1.67% -0.81% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.00 1.08 1.15 1.22 1.40 1.15 1.10 1.10 1.08 1.09 1.11
Quick Ratio		 0.16 0.16 0.19 0.22 0.31 0.16 0.18 0.18 0.29 0.31 0.43
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -0.78 3.05 5.30 13 10 11 11 18 11 7.98 22
Operating Cash Flow to CapEx		 -520.13% 3,827.68% 1,011.24% 6,222.61% 854.41% 422.11% 581.84% 648.07% 391.86% 245.13% 654.75%
Free Cash Flow to Firm to Interest Expense		 -22.74 39.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -20.95 54.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -24.98 53.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.70 0.86 0.89 0.83 0.77 0.40 0.39 0.40 0.37 0.36 0.36
Accounts Receivable Turnover		 156.82 164.03 110.48 93.17 56.40 34.36 11.96 7.22 3.95 2.24 1.54
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 33.86 36.38 26.38 26.96 38.08 17.31 16.87 26.25 40.32 51.95 53.69
Accounts Payable Turnover		 4.12 8.67 8.93 9.73 10.82 8.04 3.72 2.47 1.34 0.86 0.64
Days Sales Outstanding (DSO)		 2.33 2.23 3.30 3.92 6.47 10.62 30.51 50.54 92.38 162.71 236.81
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 88.60 42.12 40.86 37.52 33.73 45.40 98.07 148.04 272.96 424.05 574.56
Cash Conversion Cycle (CCC)		 -86.28 -39.89 -37.55 -33.60 -27.26 -34.78 -67.56 -97.50 -180.58 -261.34 -337.75
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -7.10 -8.79 -12 -23 -26 -43 -56 -74 -85 -92 -108
Invested Capital Turnover		 -1.08 -1.31 -1.44 -1.33 -1.41 -0.70 -0.60 -0.59 -0.60 -0.66 -0.82
Increase / (Decrease) in Invested Capital		 0.77 -1.69 -3.54 -10 -3.49 -17 -13 -18 -11 -7.04 -17
Enterprise Value (EV)		 1.83 -1.37 -6.89 123 441 175 14 45 38 39 126
Market Capitalization		 10 10 10 155 486 231 83 135 148 162 283
Book Value per Share		 $0.03 $0.07 $0.12 $0.21 $0.41 $0.27 $0.25 $0.31 $0.46 $0.57 $0.88
Tangible Book Value per Share		 $0.00 $0.03 $0.08 $0.16 $0.33 $0.19 $0.17 $0.20 $0.30 $0.34 $0.39
Total Capital		 1.35 2.85 4.84 8.89 19 13 13 16 24 30 56
Total Debt		 0.17 0.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.00
Total Long-Term Debt		 0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.14
Net Debt		 -8.28 -11 -17 -32 -46 -56 -69 -90 -109 -122 -157
Capital Expenditures (CapEx)		 0.14 0.11 0.71 0.26 1.96 3.26 2.62 3.91 7.05 9.36 8.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -8.30 -11 -15 -26 -32 -49 -62 -81 -99 -110 -139
Debt-free Net Working Capital (DFNWC)		 0.15 0.99 2.35 5.88 14 7.38 6.94 9.08 10.00 13 26
Net Working Capital (NWC)		 -0.02 0.87 2.35 5.88 14 7.38 6.94 9.08 10.00 13 24
Net Nonoperating Expense (NNE)		 2.54 0.06 -0.02 -0.11 -0.50 3.30 0.80 -0.72 -6.92 -2.87 -2.01
Net Nonoperating Obligations (NNO)		 -8.28 -11 -17 -32 -46 -56 -69 -90 -109 -122 -157
Total Depreciation and Amortization (D&A)		 0.36 0.57 0.88 1.09 1.48 2.12 2.50 2.91 4.03 5.99 8.32
Debt-free, Cash-free Net Working Capital to Revenue		 -102.37% -102.16% -97.27% -110.07% -92.14% -201.30% -209.52% -212.49% -210.17% -187.74% -169.96%
Debt-free Net Working Capital to Revenue		 1.90% 9.53% 15.41% 25.11% 39.32% 30.58% 23.54% 23.87% 21.15% 21.80% 31.17%
Net Working Capital to Revenue		 -0.25% 8.33% 15.41% 25.11% 39.32% 30.58% 23.54% 23.87% 21.15% 21.80% 28.90%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.06) $0.03 $0.04 $0.06 $0.16 ($0.19) ($0.05) $0.02 $0.12 $0.07 $0.14
Adjusted Weighted Average Basic Shares Outstanding		 39.64M 42.88M 43.40M 45.48M 47.44M 49.27M 50.98M 52.05M 52.49M 53.21M 54.43M
Adjusted Diluted Earnings per Share		 $0.00 $0.03 $0.04 $0.05 $0.14 ($0.19) ($0.05) $0.02 $0.12 $0.07 $0.13
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 43.87M 44.93M 52.35M 54.55M 49.27M 50.98M 52.93M 54.16M 55.59M 59.65M
Adjusted Basic & Diluted Earnings per Share		 ($0.06) $0.03 $0.04 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 42.77M 43.19M 43.67M 46.73M 49.01M 50.45M 51.86M 52.46M 52.97M 53.75M 55.19M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.01 0.95 1.76 1.73 4.27 -5.57 -1.92 0.31 -0.12 0.94 5.54
Normalized NOPAT Margin		 -0.08% 9.13% 11.57% 7.39% 12.32% -23.09% -6.51% 0.82% -0.25% 1.61% 6.76%
Pre Tax Income Margin		 -31.45% 12.46% 11.76% 11.02% 18.87% -34.19% -9.20% 2.98% 5.00% 7.09% 12.23%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -73.23 17.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -0.18 17.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -77.26 16.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -4.21 16.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 17.46% 12.97% 4.98%

Quarterly Metrics And Ratios for Paysign

This table displays calculated financial ratios and metrics derived from Paysign's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 52,753,374.00 52,754,374.00 52,968,374.00 52,978,374.00 53,138,374.00 - 53,747,674.00 54,217,674.00 54,451,888.00 55,042,888.00 55,185,394.00
DEI Adjusted Shares Outstanding		 52,753,374.00 52,754,374.00 52,968,374.00 52,978,374.00 53,138,374.00 - 53,747,674.00 54,217,674.00 54,451,888.00 55,042,888.00 55,185,394.00
DEI Earnings Per Adjusted Shares Outstanding		 0.02 0.11 0.01 0.01 0.03 - 0.05 0.03 0.04 0.02 0.10
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 17.02% 28.93% 30.04% 29.80% 23.03% 14.00% 41.00% 33.12% 41.56% 45.81% 50.76%
EBITDA Growth		 20.10% 65.65% 905.74% 403.13% 37.90% 19.74% 317.30% 127.29% 67.25% 87.37% 116.88%
EBIT Growth		 -5.23% 100.95% 65.22% 119.43% 16.84% -26.53% 1,063.44% 1,043.89% 129.32% 299.33% 167.90%
NOPAT Growth		 -9.82% 778.51% 67.53% 120.60% 23.39% -80.22% 1,272.68% 946.80% 134.66% 96.39% 145.26%
Net Income Growth		 29.16% 688.45% 293.03% 769.29% 30.55% -75.58% 736.67% 99.08% 54.17% -0.75% 110.31%
EPS Growth		 0.00% 900.00% 0.00% 0.00% 50.00% -80.00% 400.00% 100.00% 33.33% 0.00% 80.00%
Operating Cash Flow Growth		 -72.32% 515.88% 155.20% 767.44% -600.48% -38.94% -173.18% -82.28% 133.49% 235.99% 411.37%
Free Cash Flow Firm Growth		 -147.32% -23.88% 4.62% 4,179.23% 209.74% -45.53% -270.12% -212.05% -220.41% 133.03% 338.63%
Invested Capital Growth		 15.01% -15.30% -20.27% -53.44% -17.58% -8.29% 30.55% 40.04% 20.88% -18.05% -89.63%
Revenue Q/Q Growth		 12.31% 10.40% -3.65% 8.65% 6.45% 2.29% 19.17% 2.58% 13.20% 5.37% 23.22%
EBITDA Q/Q Growth		 425.72% 10.69% -43.21% 52.26% 44.09% -3.89% 97.91% -17.07% 6.03% 7.66% 129.09%
EBIT Q/Q Growth		 191.27% 7.04% -140.88% 148.65% 448.91% -32.69% 436.05% -42.24% 10.04% 17.21% 259.62%
NOPAT Q/Q Growth		 219.02% 383.84% -106.47% 155.26% 612.75% -22.42% 283.75% -50.67% 59.78% -35.07% 379.23%
Net Income Q/Q Growth		 1,156.69% 410.85% -94.50% 125.53% 106.12% -4.45% 88.37% -46.34% 59.62% -38.49% 299.15%
EPS Q/Q Growth		 0.00% 400.00% -90.00% 0.00% 200.00% -33.33% 150.00% -60.00% 100.00% -50.00% 350.00%
Operating Cash Flow Q/Q Growth		 230.83% 481.84% -64.83% 149.28% -198.11% 170.99% -142.15% 160.35% 85.46% 612.20% -60.94%
Free Cash Flow Firm Q/Q Growth		 -1,190.87% 217.65% 7.99% 148.73% -65.27% -41.60% -437.24% -63.83% 62.68% 213.02% 245.35%
Invested Capital Q/Q Growth		 -0.38% -21.60% -5.89% -18.72% 23.08% -11.99% 32.09% -2.50% -1.50% -67.10% -9.08%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 51.06% 52.16% 52.61% 52.93% 55.54% 58.94% 62.86% 61.62% 56.26% 57.66% 64.98%
EBITDA Margin		 13.19% 13.22% 7.79% 10.92% 14.78% 13.89% 23.07% 18.65% 17.47% 17.85% 33.18%
Operating Margin		 4.76% 4.62% -1.96% 0.88% 4.52% 2.98% 13.38% 7.54% 7.33% 8.15% 23.78%
EBIT Margin		 4.76% 4.62% -1.96% 0.88% 4.52% 2.98% 13.38% 7.54% 7.33% 8.15% 23.78%
Profit (Net Income) Margin		 8.88% 41.07% 2.34% 4.86% 9.42% 8.80% 13.91% 7.27% 10.26% 5.99% 19.40%
Tax Burden Percent		 91.28% 412.60% 65.35% 74.24% 96.40% 111.11% 79.54% 67.94% 98.64% 54.64% 72.82%
Interest Burden Percent		 204.22% 215.62% -183.08% 747.18% 216.07% 266.10% 130.62% 142.10% 141.95% 134.48% 112.01%
Effective Tax Rate		 8.72% -312.60% 34.65% 25.76% 3.60% -11.11% 20.46% 32.06% 1.36% 45.36% 27.18%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 9.36% 31.68% 33.35% 35.65% 34.56% 13.89% 18.82% 19.65% 20.36% 19.13% 22.07%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 1.87% 1.71% -0.68% 0.32% 1.84% 1.07% 4.52% 2.75% 2.91% 2.94% 8.40%
Return on Assets (ROA)		 3.48% 15.24% 0.82% 1.79% 3.82% 3.15% 4.69% 2.65% 4.08% 2.16% 6.85%
Return on Common Equity (ROCE)		 9.36% 31.68% 33.35% 35.65% 34.56% 13.89% 18.82% 19.65% 20.36% 19.13% 22.07%
Return on Equity Simple (ROE_SIMPLE)		 8.53% 0.00% 27.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.54 2.61 -0.17 0.09 0.66 0.52 1.98 0.98 1.56 1.01 4.86
NOPAT Margin		 4.35% 19.05% -1.28% 0.65% 4.36% 3.31% 10.65% 5.12% 7.23% 4.45% 17.32%
Net Nonoperating Expense Percent (NNEP)		 0.61% 3.03% 0.46% 0.55% 0.78% 0.74% 0.56% 0.34% 0.59% 0.25% 0.42%
Return On Investment Capital (ROIC_SIMPLE)		 - 10.65% -0.66% 0.35% 2.33% 1.69% 4.03% 1.96% 2.91% 1.79% 7.94%
Cost of Revenue to Revenue		 48.94% 47.84% 47.39% 47.07% 44.46% 41.06% 37.14% 38.38% 43.74% 42.34% 35.02%
SG&A Expenses to Revenue		 37.87% 38.94% 44.82% 42.01% 40.76% 45.05% 39.79% 42.97% 38.79% 39.81% 31.79%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 46.30% 47.54% 54.57% 52.05% 51.02% 55.97% 49.48% 54.08% 48.94% 49.51% 41.20%
Earnings before Interest and Taxes (EBIT)		 0.59 0.63 -0.26 0.13 0.69 0.46 2.49 1.44 1.58 1.85 6.67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.64 1.81 1.03 1.57 2.26 2.17 4.29 3.56 3.77 4.06 9.30
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.66 6.03 7.61 8.50 6.84 5.31 2.90 9.25 7.49 5.85 5.92
Price to Tangible Book Value (P/TBV)		 10.00 9.42 12.41 14.15 11.51 8.88 13.23 27.81 19.10 13.09 11.29
Price to Revenue (P/Rev)		 2.33 3.12 3.85 4.26 3.45 2.77 1.79 5.70 4.57 3.46 3.56
Price to Earnings (P/E)		 66.39 22.87 27.98 29.54 24.18 42.38 18.70 57.55 45.29 37.54 31.29
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.51% 4.37% 3.57% 3.39% 4.14% 2.36% 5.35% 1.74% 2.21% 2.66% 3.20%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.34 0.81 1.56 1.77 1.50 0.67 0.19 4.15 3.10 1.54 1.66
Enterprise Value to EBITDA (EV/EBITDA)		 4.75 9.94 16.41 15.70 12.68 5.61 1.19 23.16 16.81 8.07 7.36
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 247.62 87.00 71.02 38.54 3.25 55.93 38.81 17.18 13.19
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 107.06 44.80 37.56 41.80 3.69 66.13 45.04 22.83 18.07
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 1.39 2.41 1.68 2.63 1.72 1.41 0.00 12.41 2.41 1.97
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 3.55 4.95 2.41 5.82 4.93 0.00 0.00 0.00 5.72 2.37
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.25 0.18 0.17 0.17 0.11
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.15 0.13 0.13 0.08
Financial Leverage		 -5.59 -4.89 -4.96 -5.06 -4.25 -4.22 -3.35 -3.47 -2.98 -3.54 -2.92
Leverage Ratio		 6.82 6.25 6.94 6.71 5.96 5.93 5.84 5.45 5.07 5.77 5.49
Compound Leverage Factor		 13.92 13.47 -12.71 50.17 12.88 15.78 7.63 7.74 7.20 7.76 6.15
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 19.98% 15.49% 14.67% 14.17% 10.04%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.07% 3.20% 3.22% 3.30% 2.59%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.91% 12.29% 11.45% 10.87% 7.45%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 80.02% 84.51% 85.33% 85.83% 89.96%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.95 0.63 0.57 0.51 0.30
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 -9.89 -8.65 -8.03 -10.01 -8.38
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.76 0.50 0.45 0.39 0.22
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 2.95 1.80 1.53 1.44 0.73
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 -30.63 -24.71 -21.50 -28.33 -20.57
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 2.35 1.43 1.19 1.11 0.54
Altman Z-Score		 1.15 1.18 1.18 1.28 1.33 1.13 0.90 2.10 1.84 1.25 1.33
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.10 1.08 1.07 1.07 1.09 1.09 1.07 1.11 1.13 1.11 1.12
Quick Ratio		 0.21 0.29 0.30 0.38 0.33 0.31 0.39 0.38 0.38 0.43 0.46
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -12 14 15 37 13 7.55 -25 -42 -16 18 61
Operating Cash Flow to CapEx		 205.98% 1,144.17% 383.38% 868.29% -823.70% 597.42% -247.92% 202.35% 318.50% 2,900.75% 1,121.31%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.39 0.37 0.35 0.37 0.41 0.36 0.34 0.36 0.40 0.36 0.35
Accounts Receivable Turnover		 6.26 3.95 2.10 2.95 2.62 2.24 1.41 1.96 1.77 1.54 1.24
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 35.59 40.32 44.89 48.04 49.36 51.95 58.40 61.57 57.82 53.69 58.22
Accounts Payable Turnover		 2.38 1.34 1.02 0.84 1.12 0.86 0.63 0.61 0.80 0.64 0.53
Days Sales Outstanding (DSO)		 58.31 92.38 173.45 123.87 139.57 162.71 258.53 185.81 206.75 236.81 294.36
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 153.30 272.96 356.31 432.77 325.51 424.05 578.21 597.21 453.71 574.56 687.48
Cash Conversion Cycle (CCC)		 -94.99 -180.58 -182.85 -308.90 -185.94 -261.34 -319.68 -411.40 -246.96 -337.75 -393.12
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -70 -85 -90 -107 -82 -92 -62 -64 -65 -108 -118
Invested Capital Turnover		 -0.58 -0.60 -0.61 -0.61 -0.74 -0.66 -0.84 -0.80 -1.02 -0.82 -1.01
Increase / (Decrease) in Invested Capital		 12 -11 -15 -37 -12 -7.04 27 43 17 -17 -56
Enterprise Value (EV)		 15 38 79 95 84 39 12 284 232 126 152
Market Capitalization		 103 148 194 228 195 162 114 390 343 283 326
Book Value per Share		 $0.34 $0.46 $0.48 $0.51 $0.54 $0.57 $0.73 $0.78 $0.84 $0.88 $1.00
Tangible Book Value per Share		 $0.20 $0.30 $0.29 $0.30 $0.32 $0.34 $0.16 $0.26 $0.33 $0.39 $0.52
Total Capital		 18 24 25 27 29 30 49 50 54 56 61
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 9.81 7.74 7.87 8.00 6.14
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 7.81 6.14 6.14 6.14 4.55
Net Debt		 -88 -109 -115 -134 -111 -122 -102 -106 -111 -157 -173
Capital Expenditures (CapEx)		 1.96 2.05 2.15 2.37 2.45 2.40 2.43 1.80 2.12 1.66 1.68
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -79 -99 -105 -123 -99 -110 -98 -97 -98 -139 -149
Debt-free Net Working Capital (DFNWC)		 8.85 10.00 10 11 12 13 13 17 21 26 31
Net Working Capital (NWC)		 8.85 10.00 10 11 12 13 11 15 19 24 29
Net Nonoperating Expense (NNE)		 -0.56 -3.01 -0.48 -0.60 -0.77 -0.86 -0.61 -0.41 -0.65 -0.35 -0.58
Net Nonoperating Obligations (NNO)		 -88 -109 -115 -134 -111 -122 -102 -106 -111 -157 -173
Total Depreciation and Amortization (D&A)		 1.05 1.18 1.29 1.44 1.57 1.70 1.80 2.12 2.19 2.21 2.64
Debt-free, Cash-free Net Working Capital to Revenue		 -178.98% -210.17% -209.18% -229.17% -175.20% -187.74% -153.65% -141.41% -130.39% -169.96% -162.53%
Debt-free Net Working Capital to Revenue		 20.01% 21.15% 20.00% 19.91% 20.60% 21.80% 21.12% 24.79% 27.93% 31.17% 33.71%
Net Working Capital to Revenue		 20.01% 21.15% 20.00% 19.91% 20.60% 21.80% 17.99% 22.46% 25.63% 28.90% 31.97%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.02 $0.10 $0.01 $0.01 $0.03 $0.02 $0.05 $0.03 $0.04 $0.02 $0.10
Adjusted Weighted Average Basic Shares Outstanding		 52.55M 52.49M 52.84M 53.01M 53.45M 53.21M 53.58M 54.23M 54.80M 54.43M 55.17M
Adjusted Diluted Earnings per Share		 $0.02 $0.10 $0.01 $0.01 $0.03 $0.02 $0.05 $0.02 $0.04 $0.02 $0.09
Adjusted Weighted Average Diluted Shares Outstanding		 53.48M 54.16M 54.76M 55.86M 56.05M 55.59M 55.14M 57.87M 61.77M 59.65M 61.02M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 52.75M 52.97M 52.98M 53.14M 53.55M 53.75M 54.22M 54.45M 55.04M 55.19M 55.91M
Normalized Net Operating Profit after Tax (NOPAT)		 0.54 0.44 -0.17 0.09 0.66 0.33 1.98 0.98 1.56 1.01 4.86
Normalized NOPAT Margin		 4.35% 3.23% -1.28% 0.65% 4.36% 2.08% 10.65% 5.12% 7.23% 4.45% 17.32%
Pre Tax Income Margin		 9.72% 9.95% 3.59% 6.55% 9.77% 7.92% 17.48% 10.71% 10.40% 10.96% 26.64%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 72.79% 17.46% 6.67% 1.94% 4.47% 12.97% 14.29% 12.84% 6.75% 4.98% 1.92%

Financials Breakdown Chart

Key Financial Trends

Paysign’s latest quarter shows strong revenue growth and solid operating cash generation, but the balance sheet is now much more leveraged to working-capital items, especially restricted cash and deferred revenue. In Q1 2026, revenue rose to $28.0 million from $22.8 million in Q4 2025 and $18.6 million in Q1 2025. Net income also improved to $5.4 million, up from $1.4 million in the prior quarter, while operating cash flow remained healthy at $18.8 million.

Over the last four years, Paysign has generally moved from a smaller, lower-profit business to one with higher revenue, better margins, and more consistent profitability. However, investors should pay attention to the company’s large current liabilities and the fact that a significant portion of assets is tied up in restricted cash rather than freely available cash.

  • Revenue continues to trend higher. Q1 2026 revenue of $28.0 million was well above Q1 2025’s $18.6 million and Q1 2024’s $13.2 million, showing strong top-line growth over the past year.
  • Profitability improved meaningfully versus prior periods. Q1 2026 net income of $5.4 million and operating income of $6.7 million were both well ahead of the same quarter in 2025 and 2024.
  • Operating cash flow is strong. Paysign generated $18.8 million in operating cash flow in Q1 2026, a healthy result even after a very strong Q4 2025.
  • Gross profit remains solid. Q1 2026 gross profit was $18.2 million, implying continued decent spread between revenue and cost of revenue.
  • Cash balance increased. Cash and equivalents rose to $20.5 million at the end of Q1 2026 from $7.5 million at the end of Q3 2025.
  • Restricted cash is still the dominant asset. Restricted cash was $159.0 million in Q1 2026, far larger than unrestricted cash, so liquidity is not as strong as headline cash totals may suggest.
  • Deferred revenue remains very large. Current deferred revenue was $158.1 million in Q1 2026, indicating a business model with substantial customer-prepaid balances, but also a large short-term obligation.
  • Share count has trended upward. Weighted average diluted shares increased to 61.0 million in Q1 2026 from 55.1 million in Q1 2025, which can dilute per-share gains.
  • Current liabilities exceed current assets. Current liabilities were $248.1 million versus current assets of $277.4 million, leaving only a modest current ratio buffer once restricted cash is considered.
  • Short-term debt and long-term debt both remain on the books. While debt is not excessive, it has not disappeared, and liquidity management remains important given the large working-capital base.

Longer-term trend: compared with 2024, Paysign has improved its earnings power and operating scale. Quarterly revenue climbed from roughly $13.2 million in Q1 2024 to $28.0 million in Q1 2026, while quarterly net income moved from $0.3 million to $5.4 million. That is a meaningful improvement in business momentum.

The main investor takeaway: Paysign appears to be growing and generating real cash, but the balance sheet is structurally dependent on large restricted cash and deferred revenue balances. That makes the company look more cash-rich than it may actually be on a discretionary basis. If revenue growth continues and margins hold, the company could keep compounding earnings; if growth slows, the working-capital structure could become a larger concern.

07/05/26 12:42 AM ETAI Generated. May Contain Errors.

Paysign Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Paysign's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Paysign's net income appears to be on an upward trend, with a most recent value of $7.55 million in 2025, falling from -$2.55 million in 2015. The previous period was $3.82 million in 2024. See Paysign's forecast for analyst expectations on what's next for the company.

Paysign's total operating income in 2025 was $7.36 million, based on the following breakdown:
  • Total Gross Profit: $48.72 million
  • Total Operating Expenses: $41.35 million

Over the last 10 years, Paysign's total revenue changed from $8.11 million in 2015 to $82.03 million in 2025, a change of 911.8%.

Paysign's total liabilities were at $227.76 million at the end of 2025, a 53.3% increase from 2024, and a 2,407.3% increase since 2015.

In the past 10 years, Paysign's cash and equivalents has ranged from $1.39 million in 2015 to $21.07 million in 2025, and is currently $21.07 million as of their latest financial filing in 2025.

Over the last 10 years, Paysign's book value per share changed from 0.03 in 2015 to 0.88 in 2025, a change of 2,846.5%.


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Financial statements for NASDAQ:PAYS last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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