NYSE : PAY
Paymentus Holdings, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 32.82 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.13B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Paymentus Holdings, Inc. (PAY) reported revenue of 1.36B 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 | |
|---|---|---|---|---|---|---|
| Revenue | 1.36B | 1.20B | 871.75M | 614.49M | 497.00M | 395.52M |
| Cost of Revenue | 1.02B | 900.16M | 633.58M | 432.15M | 347.32M | 274.14M |
| Gross Profit | 339.38M | 296.34M | 238.17M | 182.34M | 149.68M | 121.38M |
| Selling, General & Admin | 173.49M | 159.33M | 141.98M | 120.00M | 111.43M | 76.89M |
| Research & Development | 62.79M | 61.47M | 51.33M | 44.25M | 41.22M | 34.12M |
| Operating Expenses | 236.28M | 220.80M | 193.31M | 164.25M | 152.65M | 111.01M |
| Operating Income | 103.10M | 75.54M | 44.86M | 18.09M | -2.98M | 10.37M |
| Interest Expense | -6.00K | |||||
| Interest & Investment Income | 10.68M | 9.51M | 8.74M | 7.02M | 1.66M | |
| Currency Exchange Gain (Loss) | -1.00K | |||||
| Other Non Operating Income (Expenses) | 71.00K | 229.00K | 345.00K | 12.00K | 5.00K | |
| Pretax Income | 113.85M | 85.28M | 53.94M | 25.12M | -1.31M | 10.37M |
| Income Tax Expense | 29.00M | 18.34M | 9.78M | 2.80M | -795.00K | 1.07M |
| Net Income | 84.86M | 66.94M | 44.17M | 22.32M | -513.00K | 9.30M |
| Preferred Dividends & Other Adjustments | 2.26M | |||||
| Net Income to Common | 84.86M | 66.94M | 44.17M | 22.32M | -513.00K | 7.04M |
| Shares Outstanding (Basic) | 125.60M | 125.25M | 124.37M | 123.51M | 122.10M | 112.76M |
| Shares Outstanding (Diluted) | 129.15M | 129.11M | 127.71M | 125.07M | 122.10M | 118.82M |
| EPS (Basic) | 0.68 | 0.53 | 0.36 | 0.18 | -0.00 | 0.06 |
| EPS (Diluted) | 0.66 | 0.52 | 0.35 | 0.18 | -0.00 | 0.06 |
| Free Cash Flow | 159.14M | 161.77M | 63.18M | 68.23M | 18.61M | 18.51M |
| Free Cash Flow Per Share | 1.23 | 1.25 | 0.49 | 0.55 | 0.15 | 0.16 |
| Gross Margin | 24.95% | 24.77% | 27.32% | 29.67% | 30.12% | 30.69% |
| Operating Margin | 7.58% | 6.31% | 5.15% | 2.94% | -0.60% | 2.62% |
| Profit Margin | 6.24% | 5.59% | 5.07% | 3.63% | -0.10% | 1.78% |
| Free Cash Flow Margin | 11.70% | 13.52% | 7.25% | 11.10% | 3.74% | 4.68% |
| EBITDA | 108.23M | 83.29M | 53.76M | 27.34M | 6.47M | 14.27M |
| EBITDA Margin | 7.96% | 6.96% | 6.17% | 4.45% | 1.30% | 3.61% |
| D&A For EBITDA | 5.13M | 7.75M | 8.90M | 9.25M | 9.44M | 3.90M |
| EBIT | 103.10M | 75.54M | 44.86M | 18.09M | -2.98M | 10.37M |
| EBIT Margin | 7.58% | 6.31% | 5.15% | 2.94% | -0.60% | 2.62% |
| Effective Tax Rate | 25.47% | 21.50% | 18.12% | 11.15% | 10.28% | |
| Advertising Expenses | 600.00K | 800.00K | 1.30M | 2.00M | 1.50M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 377.69M | 320.91M | 205.90M | 179.36M | 147.33M | 168.39M |
| Cash & Short-Term Investments | 377.69M | 320.91M | 205.90M | 179.36M | 147.33M | 168.39M |
| Accounts Receivable | 105.58M | 102.34M | 119.82M | 76.39M | 70.52M | 45.63M |
| Other Receivables | 1.13M | 1.21M | 3.36M | 259.00K | 1.49M | 2.49M |
| Receivables | 106.72M | 103.55M | 123.17M | 76.65M | 72.01M | 48.12M |
| Prepaid Expenses | 8.05M | 13.25M | 13.06M | 10.51M | 7.26M | 6.48M |
| Restricted Cash | 2.01M | 3.63M | 3.51M | 3.83M | 2.35M | 33.44M |
| Total Current Assets | 494.46M | 441.33M | 345.64M | 270.35M | 228.96M | 256.44M |
| Property, Plant & Equipment | 10.60M | 7.26M | 8.96M | 11.59M | 11.38M | 9.75M |
| Goodwill | 131.78M | 131.81M | 131.81M | 131.86M | 131.85M | 129.41M |
| Other Intangible Assets | 83.18M | 82.91M | 86.45M | 85.94M | 82.05M | 72.98M |
| Long-Term Accounts Receivable | 6.93M | 3.90M | ||||
| Long-Term Deferred Tax Assets | 1.38M | 314.00K | 367.00K | 94.00K | 116.00K | 163.00K |
| Other Long-Term Assets | 3.97M | 4.26M | 3.02M | 5.03M | 249.00K | 307.00K |
| Total Assets | 725.37M | 667.88M | 576.25M | 504.86M | 461.54M | 472.94M |
| Accounts Payable | 70.59M | 63.97M | 49.87M | 35.18M | 29.23M | 24.75M |
| Accrued Expenses | 23.27M | 27.67M | 24.75M | 21.30M | 14.00M | 10.11M |
| Current Portion of Leases | 2.83M | 2.29M | 2.09M | 1.85M | 3.27M | 3.84M |
| Current Income Taxes Payable | 366.00K | 1.42M | 190.00K | 363.00K | 635.00K | 122.00K |
| Current Unearned Revenue | 4.14M | 3.50M | 2.94M | 4.09M | 4.36M | 2.17M |
| Other Current Liabilities | 1.72M | 33.44M | ||||
| Total Current Liabilities | 101.19M | 98.85M | 81.55M | 62.79M | 51.50M | 74.43M |
| Long-Term Debt | 750.00K | |||||
| Long-Term Leases | 7.56M | 4.56M | 6.32M | 8.66M | 8.61M | 7.35M |
| Long-Term Unearned Revenue | 3.10M | 3.40M | 2.78M | 2.73M | 2.83M | 1.71M |
| Long-Term Deferred Tax Liabilities | 1.07M | 680.00K | 3.32M | |||
| Other Long-Term Liabilities | 94.00K | 683.00K | ||||
| Total Liabilities | 111.95M | 107.50M | 90.65M | 75.25M | 64.36M | 86.81M |
| Common Stock | 12.00K | 12.00K | 12.00K | 12.00K | 12.00K | 12.00K |
| Additional Paid-In Capital | 404.73M | 397.95M | 389.90M | 377.77M | 367.77M | 356.02M |
| Retained Earnings | 209.29M | 162.85M | 95.91M | 51.74M | 29.42M | 29.93M |
| Comprehensive Income & Other | -607.00K | -427.00K | -233.00K | 87.00K | -22.00K | 168.00K |
| Shareholders' Equity | 613.42M | 560.39M | 485.60M | 429.62M | 397.18M | 386.13M |
| Total Liabilities & Equity | 725.37M | 667.88M | 576.25M | 504.86M | 461.54M | 472.94M |
| Total Debt | 10.39M | 6.85M | 8.41M | 10.51M | 12.63M | 11.18M |
| Net Cash (Debt) | 367.30M | 314.05M | 197.49M | 168.85M | 134.70M | 157.20M |
| Net Cash Per Share | 2.84 | 2.43 | 1.55 | 1.35 | 1.10 | 1.32 |
| Filing Date Shares Outstanding | 125.94M | 125.72M | 124.97M | 123.92M | 123.29M | 121.02M |
| Total Common Shares Outstanding | 125.94M | 125.58M | 124.84M | 123.82M | 123.24M | 120.64M |
| Working Capital | 393.27M | 342.48M | 264.09M | 207.56M | 177.47M | 182.00M |
| Book Value Per Share | 4.87 | 4.46 | 3.89 | 3.47 | 3.22 | 3.20 |
| Tangible Book Value | 398.46M | 345.67M | 267.33M | 211.81M | 183.28M | 183.74M |
| Tangible Book Value Per Share | 3.16 | 2.75 | 2.14 | 1.71 | 1.49 | 1.52 |
| Machinery | 10.01M | 8.43M | 7.90M | 7.77M | 7.15M | 6.39M |
| Leasehold Improvements | 378.00K | 387.00K | 375.00K | 396.00K | 419.00K | 445.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 84.86M | 66.94M | 44.17M | 22.32M | -513.00K | 9.30M |
| Depreciation & Amortization | 5.13M | 7.75M | 8.90M | 9.25M | 9.44M | 3.90M |
| Other Amortization | 38.49M | 37.68M | 31.34M | 24.35M | 16.68M | 9.40M |
| Stock-Based Compensation | 23.02M | 18.63M | 10.99M | 9.39M | 6.74M | 3.14M |
| Provision & Write-off of Bad Debts | 497.00K | 268.00K | 66.00K | 88.00K | 499.00K | 775.00K |
| Other Operating Activities | 3.67M | 2.40M | 828.00K | 2.20M | -846.00K | 1.84M |
| Change in Accounts Receivable | -9.70M | 17.14M | -43.62M | -8.67M | -24.52M | -14.74M |
| Change in Accounts Payable | 18.07M | 13.98M | 13.82M | 6.02M | 4.77M | 7.38M |
| Change in Unearned Revenue | 801.00K | 1.18M | -1.10M | -361.00K | 3.30M | 474.00K |
| Change in Income Taxes | 3.00M | 3.38M | -3.26M | 957.00K | 1.54M | -827.00K |
| Change in Other Net Operating Assets | -8.32M | -7.22M | 1.49M | 3.29M | 2.78M | -1.14M |
| Operating Cash Flow | 159.52M | 162.13M | 63.63M | 68.83M | 19.87M | 19.49M |
| Capital Expenditures | -378.00K | -361.00K | -457.00K | -600.00K | -1.26M | -979.00K |
| Cash Acquisitions | -3.26M | -57.40M | ||||
| Sale (Purchase) of Intangibles | -37.75M | -36.74M | -36.12M | -33.70M | -30.04M | -19.43M |
| Investment in Securities | 796.00K | 580.00K | -185.00K | |||
| Investing Cash Flow | -37.33M | -36.52M | -36.76M | -34.30M | -34.56M | -77.81M |
| Long-Term Debt Repaid | -1.81M | -5.33M | -4.83M | |||
| Net Debt Issued (Repaid) | -1.81M | -5.33M | -4.83M | |||
| Issuance of Common Stock | 86.00K | 162.00K | 338.00K | 616.00K | 1.49M | 275.72M |
| Repurchase of Common Stock | -12.38M | -10.74M | ||||
| Preferred Dividends Paid | -34.41M | |||||
| Dividends Paid | -34.41M | |||||
| Other Financing Activities | -545.00K | -33.44M | 23.00K | |||
| Financing Cash Flow | -12.29M | -10.58M | -207.00K | -1.20M | -37.28M | 213.49M |
| Foreign Exchange Rate Adjustments | -240.00K | 95.00K | -450.00K | 176.00K | -168.00K | -8.00K |
| Net Cash Flow | 109.66M | 115.13M | 26.22M | 33.51M | -52.14M | 155.16M |
| Free Cash Flow | 159.14M | 161.77M | 63.18M | 68.23M | 18.61M | 18.51M |
| Free Cash Flow Margin | 11.70% | 13.52% | 7.25% | 11.10% | 3.74% | 4.68% |
| Free Cash Flow Per Share | 1.23 | 1.25 | 0.49 | 0.55 | 0.15 | 0.16 |
| Levered Free Cash Flow | 109.50M | 112.78M | 14.33M | 23.35M | -16.25M | -8.76M |
| Unlevered Free Cash Flow | 109.50M | 112.78M | 14.33M | 23.35M | -16.25M | -8.76M |
| Cash Income Tax Paid | 24.99M | 14.95M | 14.40M | 1.40M | 672.00K | 2.49M |
| Change in Working Capital | 3.85M | 28.46M | -32.66M | 1.23M | -12.13M | -8.85M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.42B | 3.96B | 4.07B | 2.21B | 985.15M | 4.20B |
| Enterprise Value | 4.05B | 3.68B | 3.89B | 2.06B | 851.93M | 4.04B |
| Last Close Price | 32.82 | 31.59 | 32.67 | 17.87 | 8.01 | 34.98 |
| PE Ratio | 53.18 | 59.19 | 92.19 | 99.03 | 596.20 | |
| Forward PE | 35.79 | 44.05 | 61.06 | 63.73 | 178.40 | |
| PS Ratio | 3.09 | 3.31 | 4.67 | 3.60 | 1.98 | 10.62 |
| PB Ratio | 6.74 | 7.07 | 8.38 | 5.14 | 2.48 | 10.87 |
| P/TBV Ratio | 10.56 | 11.46 | 15.23 | 10.44 | 5.38 | 22.85 |
| P/FCF Ratio | 26.44 | 24.49 | 64.45 | 32.40 | 52.94 | 226.77 |
| P/OCF Ratio | 26.38 | 24.44 | 63.99 | 32.12 | 49.59 | 215.38 |
| PEG Ratio | 1.70 | 1.97 | 1.17 | 6.46 | 17.28 | |
| EV/Sales Ratio | 2.82 | 3.08 | 4.47 | 3.35 | 1.71 | 10.20 |
| EV/EBITDA Ratio | 35.48 | 44.20 | 72.43 | 75.29 | 131.76 | 282.85 |
| EV/EBIT Ratio | 37.25 | 48.74 | 86.80 | 113.78 | 389.06 | |
| EV/FCF Ratio | 24.13 | 22.76 | 61.63 | 30.17 | 45.78 | 217.98 |
| Debt / Equity Ratio | 0.02 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 |
| Debt / EBITDA Ratio | 0.09 | 0.08 | 0.15 | 0.35 | 1.28 | 0.62 |
| Debt / FCF Ratio | 0.07 | 0.04 | 0.13 | 0.15 | 0.68 | 0.60 |
| Net Debt / Equity Ratio | -0.60 | -0.56 | -0.41 | -0.39 | -0.34 | -0.41 |
| Net Debt / EBITDA Ratio | -3.39 | -3.77 | -3.67 | -6.17 | -20.83 | -11.02 |
| Net Debt / FCF Ratio | -2.31 | -1.94 | -3.13 | -2.48 | -7.24 | -8.49 |
| Asset Turnover | 2.04 | 1.92 | 1.61 | 1.27 | 1.06 | 1.32 |
| Quick Ratio | 4.79 | 4.29 | 4.04 | 4.08 | 4.26 | 2.91 |
| Current Ratio | 4.89 | 4.46 | 4.24 | 4.31 | 4.45 | 3.44 |
| Return on Equity (ROE) | 15.02% | 12.80% | 9.65% | 5.40% | -0.13% | 3.95% |
| Return on Assets (ROA) | 9.65% | 7.59% | 5.19% | 2.34% | -0.40% | 2.17% |
| Return on Invested Capital (ROIC) | 30.89% | 22.19% | 13.38% | 6.14% | -1.21% | 6.73% |
| Return on Capital Employed (ROCE) | 16.50% | 13.30% | 9.10% | 4.10% | -0.70% | 2.60% |
| Earnings Yield | 1.88% | 1.69% | 1.08% | 1.01% | -0.05% | 0.22% |
| FCF Yield | 3.78% | 4.08% | 1.55% | 3.09% | 1.89% | 0.44% |
| Payout Ratio | 370.02% | |||||
| Buyback Yield / Dilution | -0.38% | -1.09% | -2.11% | -2.43% | -2.76% | -11.88% |