NASDAQ : PAYS
Paysign, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 14.34 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 809.67M
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Financial statements
Paysign, Inc. (PAYS) reported revenue of 100.64M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 98.10M | 79.50M | 56.53M | 46.00M | 37.74M | 29.28M |
| Other Revenue | 2.55M | 2.52M | 1.85M | 1.27M | 288.89K | 184.83K |
| Revenue | 100.64M | 82.03M | 58.38M | 47.27M | 38.03M | 29.46M |
| Cost of Revenue | 39.26M | 33.31M | 26.19M | 23.14M | 17.08M | 14.75M |
| Gross Profit | 61.39M | 48.72M | 32.20M | 24.14M | 20.95M | 14.71M |
| Selling, General & Admin | 34.28M | 33.28M | 25.18M | 20.57M | 18.16M | 15.83M |
| Operating Expenses | 43.65M | 41.60M | 31.18M | 24.60M | 21.07M | 18.33M |
| Operating Income | 17.73M | 7.11M | 1.02M | -459.69K | -115.42K | -3.62M |
| Interest & Investment Income | 3.00M | 2.67M | 3.12M | 2.53M | 790.92K | 28.30K |
| EBT Excluding Unusual Items | 20.73M | 9.79M | 4.14M | 2.07M | 675.50K | -3.59M |
| Other Unusual Items | -741.76K | 248.24K | 292.43K | 459.75K | 876.46K | |
| Pretax Income | 20.11M | 10.03M | 4.14M | 2.36M | 1.14M | -2.71M |
| Income Tax Expense | 4.34M | 2.48M | 322.29K | -4.09M | 107.48K | 10.20K |
| Earnings From Continuing Operations | 15.77M | 7.55M | 3.82M | 6.46M | 1.03M | -2.72M |
| Net Income | 15.77M | 7.55M | 3.82M | 6.46M | 1.03M | -2.72M |
| Net Income to Common | 15.77M | 7.55M | 3.82M | 6.46M | 1.03M | -2.72M |
| Shares Outstanding (Basic) | 55.11M | 54.43M | 53.21M | 52.49M | 52.05M | 50.98M |
| Shares Outstanding (Diluted) | 62.19M | 59.65M | 55.59M | 54.16M | 52.93M | 50.98M |
| EPS (Basic) | 0.29 | 0.14 | 0.07 | 0.12 | 0.02 | -0.05 |
| EPS (Diluted) | 0.26 | 0.13 | 0.07 | 0.12 | 0.02 | -0.05 |
| Free Cash Flow | 73.51M | 51.24M | 22.51M | 27.36M | 25.21M | 14.90M |
| Free Cash Flow Per Share | 1.18 | 0.86 | 0.41 | 0.51 | 0.48 | 0.29 |
| Gross Margin | 60.99% | 59.39% | 55.15% | 51.06% | 55.10% | 49.93% |
| Operating Margin | 17.62% | 8.67% | 1.75% | -0.97% | -0.30% | -12.27% |
| Profit Margin | 15.67% | 9.21% | 6.54% | 13.66% | 2.70% | -9.24% |
| Free Cash Flow Margin | 73.04% | 62.47% | 38.56% | 57.87% | 66.29% | 50.57% |
| EBITDA | 27.11M | 15.43M | 7.02M | 3.57M | 2.79M | -1.12M |
| EBITDA Margin | 26.93% | 18.82% | 12.02% | 7.54% | 7.35% | -3.79% |
| D&A For EBITDA | 9.37M | 8.32M | 5.99M | 4.03M | 2.91M | 2.50M |
| EBIT | 17.73M | 7.11M | 1.02M | -459.69K | -115.42K | -3.62M |
| EBIT Margin | 17.62% | 8.67% | 1.75% | -0.97% | -0.30% | -12.27% |
| Effective Tax Rate | 21.58% | 24.73% | 7.79% | 9.47% | ||
| Revenue as Reported | 100.64M | 82.03M | 58.38M | 47.27M | 38.03M | 29.46M |
| Advertising Expenses | 553.67K | 484.57K | 470.94K | 603.21K | 227.39K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 27.37M | 21.07M | 10.77M | 16.99M | 9.71M | 7.39M |
| Cash & Short-Term Investments | 27.37M | 21.07M | 10.77M | 16.99M | 9.71M | 7.39M |
| Accounts Receivable | 103.17M | 72.19M | 32.64M | 16.22M | 4.68M | 3.39M |
| Other Receivables | 345.23K | 926.53K | 1.61M | 1.59M | 1.44M | 1.02M |
| Receivables | 103.51M | 73.12M | 34.25M | 17.81M | 6.12M | 4.41M |
| Prepaid Expenses | 3.03M | 1.95M | 2.25M | 2.02M | 1.70M | 1.24M |
| Restricted Cash | 149.11M | 143.92M | 111.58M | 92.36M | 80.19M | 61.28M |
| Total Current Assets | 283.03M | 240.06M | 158.84M | 129.18M | 97.72M | 74.33M |
| Property, Plant & Equipment | 7.26M | 7.63M | 3.95M | 4.30M | 4.87M | 5.64M |
| Goodwill | 4.49M | 4.49M | ||||
| Other Intangible Assets | 20.84M | 22.35M | 12.24M | 8.81M | 5.66M | 4.09M |
| Long-Term Deferred Tax Assets | 1.38M | 1.73M | 4.00M | 4.30M | ||
| Total Assets | 316.99M | 276.25M | 179.03M | 146.60M | 108.24M | 84.05M |
| Accounts Payable | 97.68M | 70.54M | 34.33M | 26.52M | 8.09M | 5.77M |
| Current Portion of Leases | 890.85K | 751.50K | 448.01K | 383.70K | 361.41K | 340.41K |
| Current Unearned Revenue | 148.20M | 143.19M | 111.33M | 92.28M | 80.19M | 61.28M |
| Other Current Liabilities | 1.69M | 1.86M | ||||
| Total Current Liabilities | 248.45M | 216.35M | 146.11M | 119.18M | 88.64M | 67.39M |
| Long-Term Leases | 4.82M | 5.27M | 2.48M | 2.93M | 3.31M | 3.67M |
| Other Long-Term Liabilities | 3.56M | 6.14M | ||||
| Total Liabilities | 256.83M | 227.76M | 148.59M | 122.11M | 91.95M | 71.06M |
| Common Stock | 57.90K | 56.02K | 54.36K | 53.45K | 52.65K | 52.09K |
| Additional Paid-In Capital | 38.16M | 35.50M | 24.63M | 22.00M | 19.14M | 16.86M |
| Retained Earnings | 27.28M | 15.08M | 7.53M | 3.71M | -2.75M | -3.77M |
| Treasury Stock | -5.34M | -2.15M | -1.77M | -1.28M | -150.00K | -150.00K |
| Total Common Equity | 60.16M | 48.49M | 30.44M | 24.49M | 16.29M | 12.99M |
| Shareholders' Equity | 60.16M | 48.49M | 30.44M | 24.49M | 16.29M | 12.99M |
| Total Liabilities & Equity | 316.99M | 276.25M | 179.03M | 146.60M | 108.24M | 84.05M |
| Total Debt | 5.71M | 6.03M | 2.93M | 3.31M | 3.67M | 4.01M |
| Net Cash (Debt) | 21.66M | 15.04M | 7.84M | 13.68M | 6.04M | 3.37M |
| Net Cash Per Share | 0.35 | 0.25 | 0.14 | 0.25 | 0.11 | 0.07 |
| Filing Date Shares Outstanding | 56.46M | 55.19M | 53.75M | 52.97M | 52.46M | 51.86M |
| Total Common Shares Outstanding | 56.44M | 55.09M | 53.52M | 52.75M | 52.35M | 51.79M |
| Working Capital | 34.58M | 23.71M | 12.73M | 10.00M | 9.08M | 6.94M |
| Book Value Per Share | 1.07 | 0.88 | 0.57 | 0.46 | 0.31 | 0.25 |
| Tangible Book Value | 34.83M | 21.66M | 18.20M | 15.67M | 10.64M | 8.90M |
| Tangible Book Value Per Share | 0.62 | 0.39 | 0.34 | 0.30 | 0.20 | 0.17 |
| Machinery | 3.75M | 3.69M | 3.45M | 3.16M | 2.92M | 2.83M |
| Leasehold Improvements | 1.07M | 767.24K | 236.90K | 236.90K | 229.77K | 229.77K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 15.77M | 7.55M | 3.82M | 6.46M | 1.03M | -2.72M |
| Depreciation & Amortization | 9.37M | 8.32M | 5.99M | 4.03M | 2.91M | 2.50M |
| Loss (Gain) From Sale of Assets | -4.86K | |||||
| Stock-Based Compensation | 5.17M | 4.26M | 2.60M | 2.85M | 2.28M | 2.28M |
| Other Operating Activities | 1.75M | 2.86M | 720.88K | -3.90M | 378.82K | 331.03K |
| Change in Accounts Receivable | -61.84M | -39.55M | -16.42M | -11.54M | -1.29M | -2.88M |
| Change in Accounts Payable | 58.70M | 36.61M | 7.81M | 18.46M | 2.32M | 3.60M |
| Change in Unearned Revenue | 46.44M | 31.86M | 19.05M | 12.09M | 18.91M | 13.18M |
| Change in Other Net Operating Assets | -451.30K | 542.87K | -631.14K | -829.11K | -1.22M | -1.06M |
| Operating Cash Flow | 74.92M | 52.45M | 22.95M | 27.62M | 25.32M | 15.23M |
| Capital Expenditures | -1.41M | -1.21M | -434.90K | -262.56K | -105.19K | -328.57K |
| Cash Acquisitions | -2.00M | |||||
| Sale (Purchase) of Intangibles | -5.94M | -6.89M | -9.05M | -6.79M | -3.99M | -2.35M |
| Investing Cash Flow | -7.36M | -10.09M | -9.49M | -7.05M | -4.09M | -2.68M |
| Issuance of Common Stock | 194.52K | 660.65K | 28.80K | 9.60K | 192.14K | |
| Repurchase of Common Stock | -3.19M | -375.79K | -495.05K | -1.13M | ||
| Financing Cash Flow | -5.00M | 284.87K | -466.25K | -1.12M | 192.14K | |
| Net Cash Flow | 62.57M | 42.64M | 12.99M | 19.45M | 21.23M | 12.74M |
| Free Cash Flow | 73.51M | 51.24M | 22.51M | 27.36M | 25.21M | 14.90M |
| Free Cash Flow Margin | 73.04% | 62.47% | 38.56% | 57.87% | 66.29% | 50.57% |
| Free Cash Flow Per Share | 1.18 | 0.86 | 0.41 | 0.51 | 0.48 | 0.29 |
| Levered Free Cash Flow | 14.30M | 7.95M | -9.28M | 5.89M | 1.18M | -183.43K |
| Unlevered Free Cash Flow | 14.30M | 7.95M | -9.28M | 5.89M | 1.18M | -183.43K |
| Cash Interest Paid | 221.00 | 4.59K | ||||
| Cash Income Tax Paid | 2.01M | 414.19K | 136.63K | 207.94K | 35.95K | 4.07K |
| Change in Working Capital | 42.86M | 29.46M | 9.81M | 18.19M | 18.72M | 12.84M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 786.52M | 283.47M | 161.72M | 147.71M | 134.80M | 82.71M |
| Enterprise Value | 764.86M | 282.02M | 154.45M | 141.18M | 130.58M | 79.88M |
| Last Close Price | 13.93 | 5.15 | 3.02 | 2.80 | 2.58 | 1.60 |
| PE Ratio | 53.84 | 37.54 | 42.38 | 22.87 | 131.15 | |
| Forward PE | 38.25 | 35.11 | 43.14 | 76.29 | 258.00 | 292.00 |
| PS Ratio | 7.81 | 3.46 | 2.77 | 3.12 | 3.54 | 2.81 |
| PB Ratio | 13.07 | 5.85 | 5.31 | 6.03 | 8.27 | 6.37 |
| P/TBV Ratio | 22.58 | 13.09 | 8.88 | 9.43 | 12.67 | 9.29 |
| P/FCF Ratio | 10.70 | 5.53 | 7.18 | 5.40 | 5.35 | 5.55 |
| P/OCF Ratio | 10.50 | 5.41 | 7.05 | 5.35 | 5.32 | 5.43 |
| EV/Sales Ratio | 7.60 | 3.44 | 2.65 | 2.99 | 3.43 | 2.71 |
| EV/EBITDA Ratio | 30.44 | 18.27 | 22.01 | 39.58 | 46.73 | |
| EV/EBIT Ratio | 48.55 | 39.64 | 151.20 | |||
| EV/FCF Ratio | 10.40 | 5.50 | 6.86 | 5.16 | 5.18 | 5.36 |
| Debt / Equity Ratio | 0.10 | 0.12 | 0.10 | 0.14 | 0.23 | 0.31 |
| Debt / EBITDA Ratio | 0.20 | 0.37 | 0.38 | 0.77 | 1.04 | |
| Debt / FCF Ratio | 0.08 | 0.12 | 0.13 | 0.12 | 0.15 | 0.27 |
| Net Debt / Equity Ratio | -0.36 | -0.31 | -0.26 | -0.56 | -0.37 | -0.26 |
| Net Debt / EBITDA Ratio | -0.80 | -0.97 | -1.12 | -3.84 | -2.16 | 3.02 |
| Net Debt / FCF Ratio | -0.29 | -0.29 | -0.35 | -0.50 | -0.24 | -0.23 |
| Asset Turnover | 0.39 | 0.36 | 0.36 | 0.37 | 0.40 | 0.39 |
| Quick Ratio | 0.53 | 0.43 | 0.31 | 0.29 | 0.18 | 0.17 |
| Current Ratio | 1.14 | 1.11 | 1.09 | 1.08 | 1.10 | 1.10 |
| Return on Equity (ROE) | 30.82% | 19.13% | 13.89% | 31.67% | 7.02% | -20.76% |
| Return on Assets (ROA) | 4.34% | 1.95% | 0.39% | -0.22% | -0.07% | -2.98% |
| Return on Invested Capital (ROIC) | 35.26% | 19.11% | 5.64% | -4.37% | -1.05% | -37.36% |
| Return on Capital Employed (ROCE) | 25.90% | 11.90% | 3.10% | -1.70% | -0.60% | -21.70% |
| Earnings Yield | 1.86% | 2.66% | 2.36% | 4.37% | 0.76% | -3.29% |
| FCF Yield | 9.35% | 18.08% | 13.92% | 18.52% | 18.70% | 18.02% |
| Buyback Yield / Dilution | -10.93% | -7.30% | -2.63% | -2.32% | -3.84% | -3.46% |