What is Paymentus' operating income?

Paymentus' total operating income in 2025 was $75.54 million, based on the following breakdown: Total Gross Profit: $296.34 million Total Operating Expenses: $220.80 million

Paymentus (PAY) Financials

$23.08 -0.22 (-0.92%)

As of 03:05 PM Eastern

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Annual Income Statements for Paymentus

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

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	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	9.00	8.53	7.04	-0.51	22	44	67
Consolidated Net Income / (Loss)	14	14	9.30	-0.51	22	44	67
Net Income / (Loss) Continuing Operations	14	14	9.30	-0.51	22	44	67
Total Pre-Tax Income	18	18	10	-1.31	25	54	85
Total Operating Income	18	18	10	-2.98	18	45	76
Total Gross Profit	74	93	121	150	182	238	296
Total Revenue	236	302	396	497	614	872	1,197
Operating Revenue	236	302	396	497	614	872	1,197
Total Cost of Revenue	161	209	274	347	432	634	900
Operating Cost of Revenue	161	209	274	347	432	634	900
Total Operating Expenses	56	74	111	153	164	193	221
Selling, General & Admin Expense	10	18	33	38	36	37	47
Marketing Expense	28	32	44	73	84	105	112
Research & Development Expense	18	25	34	41	44	51	61
Total Other Income / (Expense), net	0.11	-0.06	-0.01	1.67	7.03	9.09	9.74
Interest & Investment Income	0.11	0.05	-0.01	1.66	7.02	8.74	9.51
Other Income / (Expense), net	0.00	-0.12	-0.00	0.01	0.01	0.35	0.23
Income Tax Expense	4.78	4.65	1.07	-0.80	2.80	9.78	18
Basic Earnings per Share	$0.09	$0.08	$0.06	$0.00	$0.18	$0.36	$0.53
Weighted Average Basic Shares Outstanding	103.47M	103.48M	112.76M	122.10M	123.51M	124.37M	125.25M
Diluted Earnings per Share	$0.08	$0.08	$0.06	$0.00	$0.18	$0.35	$0.52
Weighted Average Diluted Shares Outstanding	106.35M	106.21M	118.82M	122.10M	125.07M	127.71M	129.11M
Weighted Average Basic & Diluted Shares Outstanding	-	-	121.02M	123.29M	123.92M	124.97M	125.72M

This table shows Paymentus' 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	6.38	9.40	7.23	9.36	14	13	14	15	18	21	21
Consolidated Net Income / (Loss)	6.38	9.40	7.23	9.36	14	13	14	15	18	21	21
Net Income / (Loss) Continuing Operations	6.38	9.40	7.23	9.36	14	13	14	15	18	21	21
Total Pre-Tax Income	7.20	11	11	12	14	16	18	18	23	27	29
Total Operating Income	5.31	9.14	8.34	10	12	14	16	16	20	24	27
Total Gross Profit	47	49	53	59	61	66	66	71	75	84	86
Total Revenue	152	165	185	197	232	258	275	280	311	330	358
Operating Revenue	152	165	185	197	232	258	275	280	311	330	358
Total Cost of Revenue	106	115	132	139	171	192	209	209	236	246	272
Operating Cost of Revenue	106	115	132	139	171	192	209	209	236	246	272
Total Operating Expenses	42	40	44	49	49	52	50	56	55	60	60
Selling, General & Admin Expense	9.08	9.05	9.09	9.21	8.94	9.68	9.18	11	14	13	13
Marketing Expense	21	21	23	27	26	29	26	30	25	31	30
Research & Development Expense	11	11	12	13	13	14	15	15	15	16	16
Total Other Income / (Expense), net	1.89	2.06	2.42	2.23	2.35	2.09	2.11	2.45	2.74	2.44	2.54
Interest & Investment Income	1.91	2.02	2.19	2.19	2.34	2.02	2.06	2.34	2.58	2.53	2.53
Other Income / (Expense), net	-0.02	0.04	0.23	0.04	0.01	0.07	0.05	0.11	0.16	-0.10	0.01
Income Tax Expense	0.82	1.80	3.53	3.11	0.01	3.13	3.99	3.66	4.86	5.83	8.21
Basic Earnings per Share	$0.05	$0.07	$0.06	$0.08	$0.12	$0.10	$0.11	$0.12	$0.14	$0.16	$0.17
Weighted Average Basic Shares Outstanding	123.62M	123.51M	123.95M	124.26M	124.54M	124.37M	124.94M	125.08M	125.34M	125.25M	125.67M
Diluted Earnings per Share	$0.05	$0.07	$0.06	$0.07	$0.11	$0.11	$0.11	$0.11	$0.14	$0.16	$0.16
Weighted Average Diluted Shares Outstanding	125.64M	125.07M	126.92M	127.25M	127.61M	127.71M	128.80M	129.03M	129.25M	129.11M	129.31M
Weighted Average Basic & Diluted Shares Outstanding	123.70M	123.92M	124.17M	124.48M	124.63M	124.97M	125.13M	125.26M	125.43M	125.72M	125.79M

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

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	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	2.79	19	155	-52	34	26	115
Net Cash From Operating Activities	18	36	19	20	69	64	162
Net Cash From Continuing Operating Activities	18	36	19	20	69	64	162
Net Income / (Loss) Continuing Operations	14	14	9.30	-0.51	22	44	67
Consolidated Net Income / (Loss)	14	14	9.30	-0.51	22	44	67
Depreciation Expense	6.00	8.07	13	24	31	36	41
Amortization Expense	0.00	0.00	0.67	2.06	3.00	3.76	4.38
Non-Cash Adjustments To Reconcile Net Income	1.26	4.90	5.74	13	11	13	21
Changes in Operating Assets and Liabilities, net	-3.45	8.94	-9.51	-18	1.64	-34	29
Net Cash From Investing Activities	-14	-15	-78	-35	-34	-37	-37
Net Cash From Continuing Investing Activities	-14	-15	-78	-35	-34	-37	-37
Purchase of Property, Plant & Equipment	-11	-15	-20	-31	-34	-37	-37
Acquisitions	-1.37	0.29	-57	-3.26	0.00	0.00	0.00
Other Investing Activities, net	-1.27	0.00	-0.13	-0.28	0.00	-0.19	0.58
Net Cash From Financing Activities	-0.86	-1.36	213	-37	-1.20	-0.21	-11
Net Cash From Continuing Financing Activities	-0.86	-1.36	213	-37	-1.20	-0.21	-11
Repayment of Debt	-0.76	-1.04	-4.56	-5.06	-1.71	0.00	0.00
Other Financing Activities, net	-0.20	-0.32	0.07	-32	0.51	-0.21	-11
Other Net Changes in Cash	-	0.11	-0.01	-	0.18	-0.45	0.10
Cash Income Taxes Paid	4.74	2.89	2.49	0.67	1.40	14	15

This table details how cash moves in and out of Paymentus' 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	4.42	16	0.96	8.65	-2.10	19	40	20	21	33	18
Net Cash From Operating Activities	13	24	11	18	6.74	28	50	31	35	45	30
Net Cash From Continuing Operating Activities	13	24	11	18	6.74	28	50	31	35	45	30
Net Income / (Loss) Continuing Operations	6.38	9.40	7.23	9.36	14	13	14	15	18	21	21
Consolidated Net Income / (Loss)	6.38	9.40	7.23	9.36	14	13	14	15	18	21	21
Depreciation Expense	7.77	8.29	8.54	8.97	9.32	9.66	11	10	10	9.57	9.89
Amortization Expense	0.76	0.80	0.93	0.43	0.51	2.36	0.98	1.02	1.08	1.30	1.02
Non-Cash Adjustments To Reconcile Net Income	3.01	3.95	3.68	4.13	3.73	4.31	3.49	6.91	2.77	6.51	6.46
Changes in Operating Assets and Liabilities, net	-4.77	2.00	-9.42	-4.86	-21	-1.56	21	-1.64	3.21	7.09	-7.80
Net Cash From Investing Activities	-8.89	-8.45	-9.51	-9.28	-8.83	-9.14	-8.29	-9.42	-10	-8.74	-9.44
Net Cash From Continuing Investing Activities	-8.89	-8.45	-9.51	-9.28	-8.83	-9.14	-8.29	-9.42	-10	-8.74	-9.44
Purchase of Property, Plant & Equipment	-8.89	-8.45	-9.39	-9.27	-8.95	-8.96	-9.34	-9.00	-9.35	-9.41	-9.54
Other Investing Activities, net	-	-	-0.12	-0.00	0.12	-0.18	1.05	-0.42	-0.72	0.67	0.10
Net Cash From Financing Activities	0.23	0.18	-0.41	0.04	-0.02	0.18	-1.89	-1.78	-3.41	-3.50	-3.28
Net Cash From Continuing Financing Activities	0.23	0.18	-0.41	0.04	-0.02	0.18	-1.89	-1.78	-3.41	-3.50	-3.28
Other Financing Activities, net	0.23	0.18	-0.41	0.04	-0.02	0.18	-1.89	-1.78	-3.41	-3.50	-3.28
Other Net Changes in Cash	-0.07	-	-0.08	-	0.02	-	-0.03	0.12	-0.17	0.17	-0.14
Cash Income Taxes Paid	0.45	-0.32	0.43	7.31	4.67	1.99	0.51	9.75	0.82	3.88	0.14

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

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	125	473	462	505	576	668
Total Current Assets	80	256	229	270	346	441
Cash & Equivalents	47	168	147	179	206	321
Restricted Cash	-	33	2.35	3.83	3.51	3.63
Accounts Receivable	28	44	68	76	120	102
Prepaid Expenses	3.12	8.18	9.99	11	13	13
Current Deferred & Refundable Income Taxes	2.01	2.49	1.49	0.26	3.36	1.21
Plant, Property, & Equipment, net	1.77	2.04	1.82	1.56	1.16	0.88
Total Noncurrent Assets	43	214	231	233	229	226
Goodwill	13	129	132	132	132	132
Intangible Assets	21	73	82	86	86	83
Noncurrent Deferred & Refundable Income Taxes	0.27	0.16	0.12	0.09	0.37	0.31
Other Noncurrent Operating Assets	8.54	12	17	15	11	11
Total Liabilities & Shareholders' Equity	125	473	462	505	576	668
Total Liabilities	40	87	64	75	91	107
Total Current Liabilities	31	74	51	63	82	99
Accounts Payable	17	25	29	35	50	64
Accrued Expenses	10	12	16	21	26	28
Current Deferred & Payable Income Tax Liabilities	0.46	0.12	0.64	0.36	0.19	1.42
Other Current Liabilities	3.62	37	1.46	1.85	2.09	5.79
Total Noncurrent Liabilities	9.39	12	13	12	9.10	8.65
Noncurrent Deferred Revenue	-	-	2.83	2.73	2.78	3.40
Noncurrent Deferred & Payable Income Tax Liabilities	3.50	3.32	0.68	1.07	-	0.00
Other Noncurrent Operating Liabilities	5.48	9.06	9.36	8.66	6.32	5.24
Total Equity & Noncontrolling Interests	84	386	397	430	486	560
Total Preferred & Common Equity	84	386	397	430	486	560
Total Common Equity	84	386	397	430	486	560
Common Stock	30	356	368	378	390	398
Retained Earnings	55	30	29	52	96	163
Accumulated Other Comprehensive Income / (Loss)	0.22	0.17	-0.02	0.09	-0.23	-0.43

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

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	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	531	467	475	489	514	528	553	591	610	644	699
Total Current Assets	304	233	241	255	280	294	320	362	381	417	473
Cash & Equivalents	148	144	159	162	180	189	188	246	266	288	339
Restricted Cash	78	1.39	3.40	4.83	4.01	4.07	3.24	3.80	3.62	3.57	3.35
Accounts Receivable	63	76	67	75	84	90	111	100	97	105	117
Prepaid Expenses	12	9.08	9.00	11	11	9.93	14	12	11	16	12
Current Deferred & Refundable Income Taxes	2.65	2.14	2.38	1.91	0.02	1.33	4.33	0.00	3.78	4.75	1.09
Plant, Property, & Equipment, net	2.00	1.67	1.74	1.68	1.58	1.44	1.32	1.06	1.04	0.95	0.79
Total Noncurrent Assets	226	232	233	233	233	232	232	228	228	226	225
Goodwill	129	132	132	132	132	132	132	132	132	132	132
Intangible Assets	79	83	85	86	87	87	87	85	84	83	83
Noncurrent Deferred & Refundable Income Taxes	0.17	0.12	0.12	0.12	0.09	0.09	0.36	1.38	2.36	0.13	0.77
Other Noncurrent Operating Assets	17	17	16	15	14	13	12	9.87	9.50	11	10
Total Liabilities & Shareholders' Equity	531	467	475	489	514	528	553	591	610	644	699
Total Liabilities	137	67	67	72	75	76	84	90	93	107	115
Total Current Liabilities	125	51	51	60	63	65	74	81	83	96	107
Accounts Payable	27	33	31	33	41	43	50	56	53	64	73
Accrued Expenses	17	12	16	19	12	16	20	19	25	26	16
Current Deferred & Payable Income Tax Liabilities	0.72	0.27	0.11	0.02	3.13	0.09	0.00	1.33	0.00	0.00	9.81
Other Current Liabilities	80	6.28	5.09	7.30	6.06	5.01	4.29	5.47	6.00	6.05	7.42
Total Noncurrent Liabilities	12	15	16	12	12	11	9.89	9.52	9.35	11	8.03
Noncurrent Deferred Revenue	2.64	-	-	-	2.75	2.87	2.74	2.75	2.67	2.64	3.20
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.77	0.86	0.96	1.16	1.24	0.00	-	-	2.81	0.00
Other Noncurrent Operating Liabilities	8.70	14	15	11	8.05	7.38	7.15	6.77	6.68	5.89	4.84
Total Equity & Noncontrolling Interests	394	400	408	417	439	452	469	500	517	537	583
Total Preferred & Common Equity	394	400	408	417	439	452	469	500	517	537	583
Total Common Equity	394	400	408	417	439	452	469	500	517	537	583
Common Stock	366	370	372	375	380	383	386	391	392	396	400
Retained Earnings	28	30	36	42	59	68	83	110	124	142	184
Accumulated Other Comprehensive Income / (Loss)	-0.07	-0.03	0.06	0.00	0.05	0.01	-0.00	-0.29	-0.22	-0.54	-0.62

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

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	27.99%	31.07%	25.66%	23.64%	41.86%	37.25%
EBITDA Growth	0.00%	8.23%	-7.75%	-4.87%	123.34%	65.25%	41.85%
EBIT Growth	0.00%	-0.33%	-43.36%	-128.64%	709.39%	149.67%	67.62%
NOPAT Growth	0.00%	1.04%	-32.36%	-122.38%	871.66%	128.48%	61.44%
Net Income Growth	0.00%	0.10%	-32.17%	-105.52%	4,451.27%	97.87%	51.55%
EPS Growth	0.00%	0.00%	-25.00%	-100.00%	0.00%	94.44%	48.57%
Operating Cash Flow Growth	0.00%	103.42%	-45.28%	1.92%	246.44%	-7.55%	154.78%
Free Cash Flow Firm Growth	0.00%	0.00%	-461.81%	52.31%	126.27%	-59.39%	1,330.51%
Invested Capital Growth	0.00%	0.00%	383.46%	34.29%	-0.43%	12.08%	-14.60%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	5.08%	5.61%	11.95%	6.46%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	17.66%	22.59%	10.34%	8.98%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	28.29%	73.90%	12.65%	14.70%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	29.18%	82.02%	11.54%	14.07%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-116.06%	60.86%	9.27%	12.66%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-100.00%	38.46%	12.90%	10.64%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-27.40%	276.34%	16.44%	5.77%	11.88%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	123.48%	22.67%	18.52%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	46.55%	-1.73%	-0.66%	-4.10%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	31.57%	30.69%	30.69%	30.12%	29.67%	27.32%	24.77%
EBITDA Margin	10.34%	8.74%	6.15%	4.66%	8.41%	9.80%	10.13%
Operating Margin	7.79%	6.11%	2.62%	-0.60%	2.94%	5.15%	6.31%
EBIT Margin	7.79%	6.07%	2.62%	-0.60%	2.95%	5.19%	6.33%
Profit (Net Income) Margin	5.81%	4.54%	2.35%	-0.10%	3.63%	5.07%	5.59%
Tax Burden Percent	74.12%	74.66%	89.72%	39.22%	88.85%	81.88%	78.50%
Interest Burden Percent	100.58%	100.28%	99.94%	44.03%	138.77%	119.34%	112.55%
Effective Tax Rate	25.88%	25.34%	10.28%	0.00%	11.15%	18.12%	21.50%
Return on Invested Capital (ROIC)	0.00%	72.18%	8.37%	-0.96%	6.51%	14.06%	23.16%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	72.39%	8.37%	-1.86%	2.76%	10.27%	20.30%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-39.68%	-4.41%	0.83%	-1.11%	-4.40%	-10.36%
Return on Equity (ROE)	0.00%	32.50%	3.95%	-0.13%	5.40%	9.65%	12.80%
Cash Return on Invested Capital (CROIC)	0.00%	-127.82%	-123.07%	-30.23%	6.94%	2.67%	38.92%
Operating Return on Assets (OROA)	0.00%	14.66%	3.47%	-0.64%	3.75%	8.36%	12.18%
Return on Assets (ROA)	0.00%	10.98%	3.11%	-0.11%	4.62%	8.17%	10.76%
Return on Common Equity (ROCE)	0.00%	32.50%	3.95%	-0.13%	5.40%	9.65%	12.80%
Return on Equity Simple (ROE_SIMPLE)	0.00%	16.25%	2.41%	-0.13%	5.20%	9.10%	0.00%
Net Operating Profit after Tax (NOPAT)	14	14	9.31	-2.08	16	37	59
NOPAT Margin	5.78%	4.56%	2.35%	-0.42%	2.62%	4.21%	4.96%
Net Nonoperating Expense Percent (NNEP)	0.00%	-0.21%	-0.01%	0.89%	3.75%	3.79%	2.86%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-0.52%	3.74%	7.56%	10.58%
Cost of Revenue to Revenue	68.43%	69.31%	69.31%	69.88%	70.33%	72.68%	75.23%
SG&A Expenses to Revenue	4.33%	5.91%	8.34%	7.67%	5.86%	4.24%	3.96%
R&D to Revenue	7.58%	8.12%	8.63%	8.29%	7.20%	5.89%	5.14%
Operating Expenses to Revenue	23.78%	24.59%	28.07%	30.72%	26.73%	22.18%	18.45%
Earnings before Interest and Taxes (EBIT)	18	18	10	-2.97	18	45	76
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	24	26	24	23	52	85	121
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	2.73	10.87	2.48	5.15	8.39	7.07
Price to Tangible Book Value (P/TBV)	0.00	4.61	22.85	5.38	10.44	15.23	11.46
Price to Revenue (P/Rev)	0.98	0.76	10.61	1.98	3.60	4.67	3.31
Price to Earnings (P/E)	25.59	27.01	596.19	0.00	99.03	92.19	59.19
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.91%	3.70%	0.17%	0.00%	1.01%	1.08%	1.69%
Enterprise Value to Invested Capital (EV/IC)	0.00	4.83	21.68	3.38	8.23	13.98	15.42
Enterprise Value to Revenue (EV/Rev)	0.00	0.61	10.10	1.68	3.30	4.43	3.04
Enterprise Value to EBITDA (EV/EBITDA)	0.00	6.98	164.22	36.09	39.21	45.20	30.01
Enterprise Value to EBIT (EV/EBIT)	0.00	10.05	385.32	0.00	111.97	85.45	48.01
Enterprise Value to NOPAT (EV/NOPAT)	0.00	13.38	429.45	0.00	126.11	105.16	61.35
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	5.17	205.03	42.05	29.45	60.70	22.44
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	118.22	554.57	36.51
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.55	-0.53	-0.45	-0.40	-0.43	-0.51
Leverage Ratio	0.00	1.48	1.27	1.19	1.17	1.18	1.19
Compound Leverage Factor	0.00	1.48	1.27	0.53	1.62	1.41	1.34
Debt to Total Capital	0.00%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	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%
Common Equity to Total Capital	0.00%	99.51%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.02	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	-1.75	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.02	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.03	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	-3.36	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.03	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	7.40	30.48	10.79	19.60	29.50	25.24
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	2.57	3.45	4.45	4.31	4.24	4.46
Quick Ratio	0.00	2.40	2.85	4.18	4.07	3.99	4.28
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-24	-137	-65	17	6.96	100
Operating Cash Flow to CapEx	155.49%	239.91%	96.12%	64.05%	200.67%	173.98%	437.02%
Free Cash Flow to Firm to Interest Expense	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
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	2.42	1.32	1.06	1.27	1.61	1.92
Accounts Receivable Turnover	0.00	10.76	10.99	8.90	8.52	8.89	10.77
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	170.30	207.30	257.05	363.50	642.17	1,176.51
Accounts Payable Turnover	0.00	12.43	13.19	12.87	13.42	14.90	15.81
Days Sales Outstanding (DSO)	0.00	33.91	33.21	41.03	42.82	41.08	33.88
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	29.36	27.68	28.36	27.20	24.50	23.08
Cash Conversion Cycle (CCC)	0.00	4.54	5.53	12.66	15.62	16.58	10.80
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	38	184	247	246	276	236
Invested Capital Turnover	0.00	15.83	3.56	2.30	2.49	3.34	4.67
Increase / (Decrease) in Invested Capital	0.00	38	146	63	-1.07	30	-40
Enterprise Value (EV)	0.00	184	3,997	835	2,027	3,862	3,638
Market Capitalization	230	230	4,198	985	2,210	4,072	3,962
Book Value per Share	$0.00	$0.82	$3.22	$3.23	$3.47	$3.90	$4.47
Tangible Book Value per Share	$0.00	$0.48	$1.53	$1.49	$1.71	$2.14	$2.76
Total Capital	0.00	85	386	397	430	486	560
Total Debt	0.00	0.41	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.41	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-46	-202	-150	-183	-209	-325
Capital Expenditures (CapEx)	11	15	20	31	34	37	37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	2.05	-20	28	24	55	18
Debt-free Net Working Capital (DFNWC)	0.00	49	182	177	208	264	342
Net Working Capital (NWC)	0.00	49	182	177	208	264	342
Net Nonoperating Expense (NNE)	-0.08	0.05	0.01	-1.57	-6.25	-7.44	-7.64
Net Nonoperating Obligations (NNO)	0.00	-46	-202	-150	-183	-209	-325
Total Depreciation and Amortization (D&A)	6.00	8.07	14	26	34	40	45
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.68%	-5.01%	5.59%	3.97%	6.27%	1.50%
Debt-free Net Working Capital to Revenue	0.00%	16.14%	46.02%	35.71%	33.78%	30.29%	28.62%
Net Working Capital to Revenue	0.00%	16.14%	46.02%	35.71%	33.78%	30.29%	28.62%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.06	$0.00	$0.18	$0.36	$0.53
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	112.76M	122.10M	123.51M	124.37M	125.25M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.06	$0.00	$0.18	$0.35	$0.52
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	118.82M	122.10M	125.07M	127.71M	129.11M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	121.02M	123.29M	123.92M	124.97M	125.72M
Normalized Net Operating Profit after Tax (NOPAT)	14	14	9.31	-2.08	16	37	59
Normalized NOPAT Margin	5.78%	4.56%	2.35%	-0.42%	2.62%	4.21%	4.96%
Pre Tax Income Margin	7.84%	6.09%	2.62%	-0.26%	4.09%	6.19%	7.13%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	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
EBIT Less CapEx to Interest Expense	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
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	370.02%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	370.02%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Paymentus' 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	-	-	-	-	-	-	-	-	-	-	125,715,591.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	125,715,591.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.17
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.94%	24.68%	24.64%	32.55%	51.93%	56.48%	48.88%	41.87%	34.19%	28.15%	30.23%
EBITDA Growth	140.72%	108.92%	152.95%	55.32%	58.65%	43.82%	52.21%	36.65%	40.01%	40.22%	36.47%
EBIT Growth	660.21%	516.38%	964.31%	122.45%	128.43%	55.27%	83.57%	56.04%	65.58%	68.11%	68.75%
NOPAT Growth	832.91%	1,234.85%	462.34%	78.64%	156.85%	49.37%	117.29%	65.84%	29.03%	63.81%	56.55%
Net Income Growth	965.26%	882.45%	926.42%	60.37%	126.28%	39.85%	91.16%	57.06%	22.97%	57.22%	51.17%
EPS Growth	600.00%	250.00%	500.00%	40.00%	120.00%	57.14%	83.33%	57.14%	27.27%	45.45%	45.45%
Operating Cash Flow Growth	774.35%	65.99%	129.98%	-31.91%	-48.74%	14.21%	360.48%	74.59%	420.65%	61.68%	-39.63%
Free Cash Flow Firm Growth	-1,276.66%	113.97%	108.25%	93.03%	80.35%	-309.28%	209.20%	608.62%	414.29%	422.94%	70.72%
Invested Capital Growth	48.48%	-0.43%	0.08%	5.11%	10.87%	12.08%	-1.76%	-4.67%	-11.54%	-14.60%	-3.74%
Revenue Q/Q Growth	2.34%	8.12%	12.18%	6.79%	17.30%	11.36%	6.73%	1.76%	10.95%	6.35%	8.47%
EBITDA Q/Q Growth	9.12%	32.20%	-3.89%	12.03%	11.46%	19.84%	4.48%	0.29%	13.94%	11.03%	7.55%
EBIT Q/Q Growth	14.61%	73.48%	-6.64%	19.84%	17.69%	17.92%	10.37%	1.87%	24.89%	19.72%	10.79%
NOPAT Q/Q Growth	9.33%	63.09%	-26.98%	37.20%	57.20%	-5.15%	6.22%	4.71%	22.31%	20.40%	1.52%
Net Income Q/Q Growth	9.21%	47.44%	-23.14%	29.59%	54.10%	-8.88%	5.05%	6.47%	20.65%	16.51%	1.01%
EPS Q/Q Growth	0.00%	40.00%	-14.29%	16.67%	57.14%	0.00%	0.00%	0.00%	27.27%	14.29%	0.00%
Operating Cash Flow Q/Q Growth	-50.37%	85.96%	-55.18%	64.60%	-62.63%	314.32%	80.71%	-37.59%	11.43%	28.67%	-32.53%
Free Cash Flow Firm Q/Q Growth	-10.07%	111.33%	-38.39%	-190.65%	-210.57%	-20.67%	191.02%	49.11%	91.91%	23.99%	-51.88%
Invested Capital Q/Q Growth	1.86%	-1.73%	3.58%	1.38%	7.44%	-0.66%	-9.21%	-1.63%	-0.29%	-4.10%	2.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.78%	30.03%	28.52%	29.76%	26.20%	25.60%	23.99%	25.52%	24.09%	25.42%	24.06%
EBITDA Margin	9.07%	11.09%	9.50%	9.97%	9.47%	10.19%	9.98%	9.83%	10.10%	10.54%	10.45%
Operating Margin	3.48%	5.55%	4.51%	5.18%	5.22%	5.50%	5.70%	5.68%	6.39%	7.28%	7.41%
EBIT Margin	3.47%	5.57%	4.64%	5.20%	5.22%	5.53%	5.72%	5.72%	6.44%	7.25%	7.41%
Profit (Net Income) Margin	4.18%	5.71%	3.91%	4.74%	6.23%	5.10%	5.02%	5.25%	5.71%	6.26%	5.83%
Tax Burden Percent	88.58%	83.95%	67.16%	75.10%	99.97%	80.77%	77.60%	80.06%	78.51%	78.00%	71.78%
Interest Burden Percent	135.98%	121.95%	125.50%	121.35%	119.37%	114.17%	113.10%	114.57%	112.87%	110.55%	109.53%
Effective Tax Rate	11.42%	16.05%	32.84%	24.90%	0.03%	19.23%	22.40%	19.94%	21.49%	22.00%	28.22%
Return on Invested Capital (ROIC)	8.56%	11.58%	7.73%	10.79%	15.37%	14.83%	16.82%	18.82%	21.53%	26.55%	27.65%
ROIC Less NNEP Spread (ROIC-NNEP)	7.71%	10.55%	6.75%	9.84%	14.06%	13.97%	16.07%	17.97%	20.64%	25.84%	27.04%
Return on Net Nonoperating Assets (RNNOA)	-3.72%	-4.25%	-2.65%	-4.07%	-5.67%	-5.99%	-7.42%	-8.59%	-9.89%	-13.19%	-14.76%
Return on Equity (ROE)	4.84%	7.34%	5.09%	6.72%	9.70%	8.84%	9.41%	10.23%	11.64%	13.36%	12.89%
Cash Return on Invested Capital (CROIC)	-34.81%	6.94%	8.66%	5.19%	2.15%	2.67%	18.95%	24.00%	32.09%	38.92%	30.72%
Operating Return on Assets (OROA)	3.96%	7.09%	6.16%	7.26%	7.80%	8.92%	9.96%	10.52%	12.10%	13.95%	14.71%
Return on Assets (ROA)	4.77%	7.26%	5.19%	6.62%	9.31%	8.22%	8.74%	9.65%	10.72%	12.03%	11.56%
Return on Common Equity (ROCE)	4.84%	7.34%	5.09%	6.72%	9.70%	8.84%	9.41%	10.23%	11.64%	13.36%	12.89%
Return on Equity Simple (ROE_SIMPLE)	3.32%	0.00%	6.56%	7.17%	8.62%	0.00%	10.14%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	4.70	7.67	5.60	7.69	12	11	12	13	16	19	19
NOPAT Margin	3.09%	4.66%	3.03%	3.89%	5.22%	4.44%	4.42%	4.55%	5.02%	5.68%	5.32%
Net Nonoperating Expense Percent (NNEP)	0.85%	1.04%	0.99%	0.94%	1.31%	0.86%	0.76%	0.85%	0.89%	0.71%	0.62%
Return On Investment Capital (ROIC_SIMPLE)	-	1.79%	-	-	-	2.36%	2.43%	2.47%	2.90%	3.35%	3.27%
Cost of Revenue to Revenue	69.22%	69.97%	71.48%	70.24%	73.80%	74.40%	76.01%	74.48%	75.91%	74.58%	75.94%
SG&A Expenses to Revenue	5.96%	5.49%	4.92%	4.67%	3.86%	3.75%	3.34%	3.83%	4.60%	4.00%	3.67%
R&D to Revenue	7.24%	6.46%	6.52%	6.35%	5.69%	5.26%	5.49%	5.44%	4.90%	4.82%	4.56%
Operating Expenses to Revenue	27.29%	24.49%	24.01%	24.57%	20.98%	20.10%	18.29%	19.84%	17.70%	18.13%	16.65%
Earnings before Interest and Taxes (EBIT)	5.29	9.18	8.57	10	12	14	16	16	20	24	27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	14	18	18	20	22	26	27	28	31	35	37
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.91	5.15	6.42	5.22	5.32	8.39	6.52	7.93	7.13	7.07	5.47
Price to Tangible Book Value (P/TBV)	10.26	10.44	12.78	10.15	9.97	15.23	11.51	13.61	11.88	11.46	8.65
Price to Revenue (P/Rev)	3.52	3.60	4.33	3.37	3.20	4.67	3.39	3.92	3.41	3.31	2.50
Price to Earnings (P/E)	147.75	99.03	97.74	72.89	61.65	92.19	64.26	73.05	64.52	59.19	43.15
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	0.68%	1.01%	1.02%	1.37%	1.62%	1.08%	1.56%	1.37%	1.55%	1.69%	2.32%
Enterprise Value to Invested Capital (EV/IC)	7.51	8.23	10.32	8.37	8.28	13.98	12.01	15.52	14.40	15.42	11.81
Enterprise Value to Revenue (EV/Rev)	3.24	3.30	4.05	3.10	2.96	4.43	3.13	3.66	3.15	3.04	2.23
Enterprise Value to EBITDA (EV/EBITDA)	44.66	39.21	42.28	31.25	29.72	45.20	31.75	37.44	31.85	30.01	21.73
Enterprise Value to EBIT (EV/EBIT)	180.93	111.97	95.23	65.00	57.35	85.45	57.52	65.86	53.62	48.01	32.93
Enterprise Value to NOPAT (EV/NOPAT)	213.29	126.11	118.06	84.35	69.88	105.16	69.33	78.84	68.13	61.35	43.06
Enterprise Value to Operating Cash Flow (EV/OCF)	31.87	29.45	35.13	32.54	38.25	60.70	29.21	32.84	24.44	22.44	20.06
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	118.22	119.21	165.22	405.31	554.57	62.84	63.12	42.13	36.51	37.71
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.48	-0.40	-0.39	-0.41	-0.40	-0.43	-0.46	-0.48	-0.48	-0.51	-0.55
Leverage Ratio	1.26	1.17	1.17	1.17	1.18	1.18	1.18	1.17	1.19	1.19	1.19
Compound Leverage Factor	1.71	1.43	1.47	1.42	1.40	1.35	1.33	1.35	1.34	1.32	1.30
Debt to Total Capital	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt 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%
Long-Term Debt to Total Capital	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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	99.95%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-3.95	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-18.87	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	18.94	19.54	24.67	20.69	19.99	29.33	24.17	29.16	24.25	24.98	19.60
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	4.28	4.31	4.47	4.55	4.31	4.24	4.46	4.56	4.36	4.46	4.41
Quick Ratio	3.98	4.07	4.22	4.32	4.02	3.99	4.27	4.35	4.11	4.28	4.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-77	8.75	5.39	-4.88	-15	-18	17	25	48	59	28
Operating Cash Flow to CapEx	147.91%	289.28%	116.63%	194.41%	75.29%	311.46%	540.17%	349.61%	375.10%	479.86%	319.17%
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	1.14	1.27	1.33	1.39	1.49	1.61	1.74	1.84	1.88	1.92	1.98
Accounts Receivable Turnover	8.46	8.52	8.11	8.90	8.37	8.89	10.45	11.20	10.40	10.77	11.78
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	316.92	363.50	401.50	439.67	519.29	642.17	729.97	842.89	989.81	1,176.51	1,382.73
Accounts Payable Turnover	13.41	13.42	12.38	13.34	13.40	14.90	14.69	16.31	14.89	15.81	14.92
Days Sales Outstanding (DSO)	43.16	42.82	45.01	41.02	43.60	41.08	34.93	32.60	35.08	33.88	30.97
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)	27.22	27.20	29.48	27.35	27.23	24.50	24.85	22.38	24.52	23.08	24.47
Cash Conversion Cycle (CCC)	15.94	15.62	15.53	13.67	16.37	16.58	10.08	10.22	10.56	10.80	6.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	251	246	255	259	278	276	251	247	246	236	241
Invested Capital Turnover	2.77	2.49	2.55	2.77	2.95	3.34	3.80	4.13	4.29	4.67	5.20
Increase / (Decrease) in Invested Capital	82	-1.07	0.22	13	27	30	-4.49	-12	-32	-40	-9.38
Enterprise Value (EV)	1,884	2,027	2,635	2,166	2,301	3,862	3,012	3,828	3,542	3,638	2,851
Market Capitalization	2,050	2,210	2,819	2,359	2,492	4,072	3,262	4,098	3,833	3,962	3,193
Book Value per Share	$3.38	$3.47	$3.55	$3.64	$3.77	$3.90	$4.00	$4.13	$4.29	$4.47	$4.64
Tangible Book Value per Share	$1.62	$1.71	$1.78	$1.87	$2.01	$2.14	$2.27	$2.41	$2.58	$2.76	$2.94
Total Capital	418	430	439	452	469	486	500	517	537	560	583
Total Debt	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-167	-183	-184	-193	-191	-209	-250	-270	-291	-325	-342
Capital Expenditures (CapEx)	8.89	8.45	9.39	9.27	8.95	8.96	9.34	9.00	9.35	9.41	9.54
Debt-free, Cash-free Net Working Capital (DFCFNWC)	29	24	33	37	55	55	31	27	30	18	23
Debt-free Net Working Capital (DFNWC)	196	208	217	230	246	264	281	297	321	342	365
Net Working Capital (NWC)	196	208	217	230	246	264	281	297	321	342	365
Net Nonoperating Expense (NNE)	-1.67	-1.73	-1.62	-1.68	-2.35	-1.69	-1.64	-1.96	-2.15	-1.90	-1.82
Net Nonoperating Obligations (NNO)	-167	-183	-184	-193	-191	-209	-250	-270	-291	-325	-342
Total Depreciation and Amortization (D&A)	8.53	9.09	8.99	9.40	9.84	12	12	12	11	11	11
Debt-free, Cash-free Net Working Capital to Revenue	4.92%	3.97%	5.05%	5.25%	7.07%	6.27%	3.21%	2.62%	2.67%	1.50%	1.82%
Debt-free Net Working Capital to Revenue	33.60%	33.78%	33.33%	32.82%	31.57%	30.29%	29.16%	28.47%	28.60%	28.62%	28.56%
Net Working Capital to Revenue	33.60%	33.78%	33.33%	32.82%	31.57%	30.29%	29.16%	28.47%	28.60%	28.62%	28.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.05	$0.07	$0.06	$0.08	$0.12	$0.10	$0.11	$0.12	$0.14	$0.16	$0.17
Adjusted Weighted Average Basic Shares Outstanding	123.62M	123.51M	123.95M	124.26M	124.54M	124.37M	124.94M	125.08M	125.34M	125.25M	125.67M
Adjusted Diluted Earnings per Share	$0.05	$0.07	$0.06	$0.07	$0.11	$0.11	$0.11	$0.11	$0.14	$0.16	$0.16
Adjusted Weighted Average Diluted Shares Outstanding	125.64M	125.07M	126.92M	127.25M	127.61M	127.71M	128.80M	129.03M	129.25M	129.11M	129.31M
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	123.70M	123.92M	124.17M	124.48M	124.63M	124.97M	125.13M	125.26M	125.43M	125.72M	125.79M
Normalized Net Operating Profit after Tax (NOPAT)	4.70	7.67	5.60	7.69	12	11	12	13	16	19	19
Normalized NOPAT Margin	3.09%	4.66%	3.03%	3.89%	5.22%	4.44%	4.42%	4.55%	5.02%	5.68%	5.32%
Pre Tax Income Margin	4.72%	6.80%	5.82%	6.32%	6.23%	6.31%	6.47%	6.56%	7.27%	8.02%	8.12%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Paymentus (NYSE: PAY) shows a clear revenue and earnings expansion through 2025, supported by growing operating cash flow and a stronger balance sheet. Below are the top trends from the last four years of quarterly data.

Revenue growth: Quarterly operating revenue rose meaningfully in 2025, with Q4 2025 at 330.46 million vs Q4 2024 at 257.88 million. Q3 2025 and Q2 2025 also show strong year-over-year momentum (310.74 million in Q3 2025; 280.08 million in Q2 2025 vs prior-year quarters).
Net income expansion: Net income attributable to common shareholders improved to 20.67 million in Q4 2025 from 13.15 million in Q4 2024, signaling improving profitability even as revenue grows.
Operating cash flow strength: Net cash from continuing operating activities climbed to 45.13 million in Q4 2025 from 27.93 million in Q4 2024, with consistent positive cash generation across 2023–2025 quarters.
Free cash flow potential: After capital expenditures around 9.4 million in Q4 2025, estimated free cash flow for the quarter was roughly 35–36 million, supporting debt paydown, buybacks, or reinvestment opportunities.
Balance sheet liquidity: Cash and cash equivalents were substantial (roughly 288 million in mid-2025), and total equity rose to about 537 million by Q3 2025, signaling solid liquidity and a strong equity base relative to liabilities.
Earnings per share progression: Diluted EPS rose to 0.16 in Q4 2025 (vs 0.11 in the prior-year period), with basic and weighted-average shares remaining in a level range that supports earnings per share growth as profits rise.
Gross margin stability: Total gross profit margins have remained in the mid-20s percentage over the period (roughly 25%–26%), indicating a stable gross margin profile amid top-line growth.
Operating expenses rise with revenue: Selling, general and administrative, as well as marketing and R&D spending, have trended higher alongside revenue growth, which modestly pressures operating margins.
Cash flow timing: Changes in operating assets and liabilities have shown volatility quarter-to-quarter, reflecting working capital timing rather than a structural cash-flow deterioration.
Financing pressures and capex cadence: Financing cash outflows are modest but persistent (net cash from financing activities negative in several quarters), and while capex remains modest, continued financing outflows could weigh on cash hierarchy if growth slows.

05/28/26 12:31 PM ETAI Generated. May Contain Errors.

Paymentus Financials - Frequently Asked Questions

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

Paymentus' net income appears to be on an upward trend, with a most recent value of $66.94 million in 2025, rising from $13.70 million in 2019. The previous period was $44.17 million in 2024. View Paymentus' forecast to see where analysts expect Paymentus to go next.

Paymentus' total operating income in 2025 was $75.54 million, based on the following breakdown:

Total Gross Profit: $296.34 million
Total Operating Expenses: $220.80 million

Over the last 6 years, Paymentus' total revenue changed from $235.78 million in 2019 to $1.20 billion in 2025, a change of 407.5%.

Paymentus' total liabilities were at $107.50 million at the end of 2025, a 18.6% increase from 2024, and a 165.4% increase since 2020.

In the past 5 years, Paymentus' cash and equivalents has ranged from $46.67 million in 2020 to $320.91 million in 2025, and is currently $320.91 million as of their latest financial filing in 2025.

Over the last 6 years, Paymentus' book value per share changed from 0.00 in 2019 to 4.47 in 2025, a change of 446.8%.

Related Companies

Financial statements for NYSE:PAY last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Paymentus (PAY) Financials

Financials Breakdown Chart

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Paymentus Financials - Frequently Asked Questions

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Paymentus (PAY) Financials

Annual Income Statements for Paymentus

Quarterly Income Statements for Paymentus

Annual Cash Flow Statements for Paymentus

Quarterly Cash Flow Statements for Paymentus

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Quarterly Balance Sheets for Paymentus

Annual Metrics And Ratios for Paymentus

Quarterly Metrics And Ratios for Paymentus

Financials Breakdown Chart

Key Financial Trends

Paymentus Financials - Frequently Asked Questions

When does Paymentus' fiscal year end?

How has Paymentus' net income changed over the last 6 years?

What is Paymentus' operating income?

How has Paymentus' revenue changed over the last 6 years?

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How has Paymentus' book value per share changed over the last 6 years?

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