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Friday 6 November 2026 Export PAYS’s income statement to Excel — free account

Paysign, Inc.

PAYS Technology Software Infrastructure

Paysign, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $82.0 million, up 40.5% from fiscal 2024.

Revenue
+48.1%
EPS
+300.0%
Free cash flow
−108.1%

Quarter to June 2026, against a year earlier

14.39 0.91 −5.95%
Market cap
$808.5M
P/E
51.4×
Fwd P/E
40.4×
Dividend yield
—
F-score
8/9
Altman Z
1.30
Beneish M
−2.34
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 8.26
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — 1 — — 3 3 2 2 2 1 —
Insider Ownership 26.54%

Capital & Financial Ratios $m

Size
Market Cap 808.54
Revenue ttm 100.64
Net income ttm 15.77
Free cash flow ttm 67.57
Net debt Q (176.48)
Valuation
P/E 51.39 (above 35: high)
Forward P/E 40.40 (above 35: high)
Price / sales 7.99
Forward P/S Powerpack
Price / FCF 11.90
Price / book 13.36 (above 6: high)
Financial health
Current ratio Q 1.14
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 0.96
Growth
Revenue growth Q +48.08% (above 0%: growing)
Operating income growth Q +387.68% (above 0%: growing)
EPS, this year +165.38% (at or above 15%: strong)
EPS, next year A +23.19% (at or above 15%: strong)
Revenue, next year A +39.83% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +57.72% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 6.2×, against a ten-year median of 2.2×; over the ten years it ranged from −0.5× in 2016 to 23.7× in 2019.
P/E against its own 10 years 58.28%
10-year low 10-year high
P/S against its own 10 years 75.69%
10-year low 10-year high
P/B against its own 10 years 72.09%
10-year low 10-year high
EV/Sales against its own 10 years 73.54%
10-year low 10-year high
EV/FCF against its own 10 years 65.27%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 109 122 165 176
Receivables 18 34 73 104
Inventory — — — —
Other — — — —
129 159 240 283
2023 2024 2025 Q'26
Payables 27 34 71 98
ST’ Debt — — — —
Other — — 2 2
119 146 216 248

Compound Annual Growth %

10y 5y 3y
Sales 26.04% 27.74% 29.20%
Cash Flow 0.00% 30.66% 27.48%
Earnings 0.00% 0.00% 94.41%
Book Value 45.00% 29.65% 43.84%

EPS $

Mar Jun Sep Dec Year
’26 0.09 0.11 — — —
’25 0.05 0.02 0.04 0.02 0.13
’24 0.01 0.01 0.03 0.02 0.07
’23 0.00 0.00 0.02 0.10 0.12
’22 (0.01) 0.00 0.02 0.01 0.02
’21 (0.03) (0.02) (0.01) 0.00 (0.05)
’20 0.03 0.00 (0.12) (0.09) (0.19)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 28 28 — — —
’25 19 19 22 23 82
’24 13 14 15 16 58
’23 10 11 12 14 47
’22 8 9 11 11 38
’21 6 7 8 9 29
’20 11 6 0 7 24
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 19 1 — — —
’25 (6) 4 7 48 52
’24 8 21 (20) 14 23
’23 3 (3) 4 23 28
’22 5 11 15 (6) 25
’21 10 8 (2) (1) 15
’20 11 (6) 8 1 14
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 17 0 — — —
’25 (8) 2 5 46 44
’24 6 18 (23) 12 13
’23 2 (4) 2 21 21
’22 4 10 14 (7) 21
’21 9 7 (2) (2) 13
’20 9 (7) 8 0 10
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 10 15 23 35 24 29 38 47 58 82 101 +25.8% 115 134 160 +25.0%
Gross margin, % 43.56 43.98 48.66 55.50 38.57 49.93 55.09 51.06 55.15 59.39 61.00 +15.8 pt
EBT 1 2 3 7 (8) (3) 1 2 4 10 20 +25.5%
EBT margin, % 12.46 11.76 11.02 18.87 (34.19) (9.20) 2.98 5.00 7.09 12.23 19.98 (0.2) pt
Net income 1 2 3 7 (9) (3) 1 6 4 8 16 +20.6%
Per share, $
Per share, $ Revenue 0.24 0.35 0.52 0.73 0.49 0.58 0.73 0.90 1.10 1.51 1.80 +22.5%
Earnings 0.03 0.04 0.06 0.16 (0.19) (0.05) 0.02 0.12 0.07 0.14 0.28 +18.7%
Cash flow 0.10 0.16 0.35 0.35 0.28 0.30 0.49 0.53 0.43 0.96 1.34 +28.9%
Capex (0.02) (0.03) (0.04) (0.07) (0.07) (0.05) (0.08) (0.13) (0.18) (0.15) (0.13) +24.5%
Free cash flow 0.08 0.13 0.32 0.28 0.21 0.25 0.41 0.39 0.25 0.82 1.21 +29.9%
Book value 0.06 0.11 0.20 0.41 0.27 0.25 0.31 0.47 0.57 0.89 1.08 +34.2%
Shares, m 43 43 45 47 49 51 52 52 53 54 55 +2.7%
Valuation, ×
Valuation, × P/E 12.27 18.50 55.00 67.67 0.00 0.00 105.98 21.38 39.84 36.79 51.39 35.7
P/S 1.36 2.11 6.83 13.89 9.48 2.77 3.39 2.96 2.75 3.42 7.99 4.9
P/B 5.25 6.63 18.00 24.95 17.27 6.28 7.92 5.72 5.28 5.78 13.36 10.3
EV/Sales 0.24 0.98 5.48 12.58 7.16 0.44 1.03 0.65 0.66 1.41 6.23 3.1
EV/FCF 0.77 2.66 8.91 33.50 16.56 1.03 1.85 1.52 2.85 2.60 9.29 7.2
Cash, $m
Cash, $m Operating cash flow 4 7 16 17 14 15 25 28 23 52 75 +32.4%
Capex (1) (2) (2) (3) (3) (3) (4) (7) (9) (8) (7) +27.8%
Free cash flow 3 6 14 13 10 13 21 21 13 44 68 +33.4%
Balance, $m
Balance, $m Working capital 1 2 6 14 7 7 9 10 13 24 35 +44.4%
Net debt (12) (17) (32) (46) (56) (69) (90) (109) (122) (165) (176) +34.3%
Shareholders’ equity 3 5 9 19 13 13 16 24 30 48 60 +37.9%
Returns, %
Returns, % ROA 11.61 10.45 9.15 16.62 (15.06) (3.58) 1.07 5.07 2.34 3.32 6.17 (8.3) pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE 72.27 47.52 37.70 52.88 (56.19) (20.75) 7.02 31.68 13.89 19.13 30.82 (53.1) pt
People
People Employees 40 51 64 70 70 8 110 123 173 226 — +21.2%
Revenue/emp, $m 0.26 0.30 0.37 0.50 0.34 3.68 0.35 0.38 0.34 0.36 — +3.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Paysign, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RPD Rapid7, Inc. $1.0B 74.4× 34.6× −2.55% (below 0%: shrinking) −66.67% (below 0%: shrinking) −14.24% (below 0%: shrinking) 69.61% 0.00% Compare
PICS PicS N.V. $918.8M 0.0× 4.8× +87.20% (above 0%: growing) −99.60% (below 0%: shrinking) +552.34% (above 0%: growing) 58.88% 0.00% Compare
TUYA Tuya Inc. Sponsored ADR $885.1M 14.9× 14.5× +15.98% (above 0%: growing) +50.00% (above 0%: growing) −58.87% (below 0%: shrinking) 46.32% 10.02% Compare
KPLT Katapult Holdings, Inc. $837.5M 7.1× — (loss-making) +4.00% (above 0%: growing) n/m +6.44% (above 0%: growing) 15.39% (2.58%) Compare
PAYS Paysign, Inc. $808.5M 51.4× 40.4× +48.08% (above 0%: growing) +300.00% (above 0%: growing) −108.06% (below 0%: shrinking) 63.35% 24.82%
OSPN ONESPAN INC $808.0M 11.9× 26.5× +11.97% (above 0%: growing) +23.59% (above 0%: growing) +51.53% (above 0%: growing) 76.29% 14.47% Compare
YEXT Yext $757.0M 33.1× 17.1× −1.76% (below 0%: shrinking) −40.91% (below 0%: shrinking) −1.86% (below 0%: shrinking) 75.46% 15.81% Compare
XNDU Xanadu Quantum Technologies Limited $724.5M — (loss-making) — — n/m — 91.53% (1,984.84%) Compare
RXT Rackspace Technology, Inc. $606.6M — (loss-making) — (loss-making) +0.57% (above 0%: growing) n/m −289.52% (below 0%: shrinking) 17.13% (4.95%) Compare
Median of peers $822.7M 13.4× 17.1× +4.00% −40.91% −1.86% 64.25% 0.00%

All 183 Software Infrastructure stocks →

Pay and ownership Proxy statement filed 26 March 2026

Ownership

Directors and executive officers, together 24.50%
Mark R. Newcomer 16.30%
Topline Capital Partners, LP 9.70%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

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stockrow.com/PAYS · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com