Saturday 17 October 2026 Export PAYS’s income statement to Excel — free account

Paysign, Inc.

Paysign, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $82.0 million, up 40.5% from fiscal 2024. In the quarter to June 2026, revenue grew 48.1%, EPS grew 300.0% and free cash flow fell 108.1%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

14.80 0.80 −5.13%

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Market cap: $880.8M
P/E: 52.9×
Fwd P/E: 28.6×
Dividend yield: —
F-score: 8/9
Altman Z: 1.30
Beneish M: −2.34
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 8.26

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	1	—	—	3	3	2	2	2	1

Insider Ownership 26.63%

Capital & Financial Ratios $m

Market Cap 880.81

Revenue 100.64

Net Income 15.77

Free Cash Flow 67.57

Net Debt (176.48)

Current Ratio 1.14

Debt/Equity 0.00

P/E ratio 52.86

Fwd P/E 28.60

P/S ratio 8.22

P/B ratio 13.74

Past 5Y EPS Growth —

This Y EPS Growth 165.38%

Next Y EPS Growth 23.19%

Next Y revenue growth 39.83%

Next 5Y EPS Growth 57.72%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 59.23%

10-year low 10-year high

P/S against its own 10 years 77.22%

10-year low 10-year high

P/B against its own 10 years 73.09%

10-year low 10-year high

EV/Sales against its own 10 years 74.82%

10-year low 10-year high

EV/FCF against its own 10 years 66.23%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	0.15	0.30	0.70	3.45	3.63	1.37	1.15	1.67	2.40	1.80	Analyst estimates 2026–2028 Powerpack
	High	0.40	0.75	5.33	18.67	10.98	5.69	3.27	3.99	5.59	8.88
People
People	Employees	40	51	64	70	70	8	110	123	173	226
	Revenue/emp, $m	0.26	0.30	0.37	0.50	0.34	3.68	0.35	0.38	0.34	0.36
Income, $m
Income, $m	Revenue	10	15	23	35	24	29	38	47	58	82
	Gross margin, %	43.56	43.98	48.66	55.50	38.57	49.93	55.09	51.06	55.15	59.39
	EBT	1	2	3	7	(8)	(3)	1	2	4	10
	EBT margin, %	12.46	11.76	11.02	18.87	(34.19)	(9.20)	2.98	5.00	7.09	12.23
	Net income	1	2	3	7	(9)	(3)	1	6	4	8
	Depreciation	1	1	1	1	2	2	3	4	6	8
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
	Earnings	0.03	0.04	0.06	0.16	(0.19)	(0.05)	0.02	0.12	0.07	0.14
	Cash flow	0.10	0.16	0.35	0.35	0.28	0.30	0.49	0.53	0.43	0.96
	Capex	(0.02)	(0.03)	(0.04)	(0.07)	(0.07)	(0.05)	(0.08)	(0.13)	(0.18)	(0.15)
	Free cash flow	0.08	0.13	0.32	0.28	0.21	0.25	0.41	0.39	0.25	0.82
	Book value	0.06	0.11	0.20	0.41	0.27	0.25	0.31	0.47	0.57	0.89
	Shares, m	43	43	45	47	49	51	52	52	53	54
Valuation, ×
Valuation, ×	P/E	12.27	18.50	55.00	67.67	0.00	0.00	105.98	21.38	39.84	36.79
	P/S	1.36	2.11	6.83	13.89	9.48	2.77	3.39	2.96	2.75	3.42
	P/B	5.25	6.63	18.00	24.95	17.27	6.28	7.92	5.72	5.28	5.78
	EV/Sales	0.24	0.98	5.48	12.58	7.16	0.44	1.03	0.65	0.66	1.41
	EV/FCF	0.77	2.66	8.91	33.50	16.56	1.03	1.85	1.52	2.85	2.60
Cash, $m
Cash, $m	Operating cash flow	4	7	16	17	14	15	25	28	23	52
	Capex	(1)	(2)	(2)	(3)	(3)	(3)	(4)	(7)	(9)	(8)
	Free cash flow	3	6	14	13	10	13	21	21	13	44
Balance, $m
Balance, $m	Working capital	1	2	6	14	7	7	9	10	13	24
	Total debt	0	—	—	—	4	4	3	—	—	—
	Net debt	(12)	(17)	(32)	(46)	(56)	(69)	(90)	(109)	(122)	(165)
	Shareholders’ equity	3	5	9	19	13	13	16	24	30	48
Returns, %
Returns, %	ROA	11.61	10.45	9.15	16.62	(15.06)	(3.58)	1.07	5.07	2.34	3.32
	ROIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	ROE	72.27	47.52	37.70	52.88	(56.19)	(20.75)	7.02	31.68	13.89	19.13

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
XNDU Xanadu Quantum Technologies Limited	$971.0M	— (loss-making)	—	—	n/m	—	91.53%	(1,984.84%)	Compare
TUYA Tuya Inc. Sponsored ADR	$928.5M	15.0×	17.7×	+15.98% (above 0%: growing)	+50.00% (above 0%: growing)	−58.87% (below 0%: shrinking)	46.32%	10.02%	Compare
RPD Rapid7, Inc.	$881.6M	40.7×	27.8×	−1.55% (below 0%: shrinking)	−30.77% (below 0%: shrinking)	−24.49% (below 0%: shrinking)	68.92%	1.43%	Compare
PAYS Paysign, Inc.	$880.8M	52.9×	28.6×	+48.08% (above 0%: growing)	+300.00% (above 0%: growing)	−108.06% (below 0%: shrinking)	63.35%	24.82%
RXT Rackspace Technology, Inc.	$811.8M	— (loss-making)	— (loss-making)	+0.57% (above 0%: growing)	n/m	−289.52% (below 0%: shrinking)	17.13%	(4.95%)	Compare
RZLV Rezolve AI PLC	$775.4M	— (loss-making)	—	—	n/m	−81,583.43% (below 0%: shrinking)	—	0.00%	Compare
AEVA Aeva Technologies, Inc.	$766.4M	— (loss-making)	— (loss-making)	+11.34% (above 0%: growing)	n/m	−0.52% (below 0%: shrinking)	35.67%	(563.23%)	Compare
HQ Horizon Quantum Holdings Ltd.	$752.4M	— (loss-making)	—	—	n/m	−372.27% (below 0%: shrinking)	100.00%	0.00%	Compare
SABR Sabre Corporation	$722.4M	0.9×	— (loss-making)	+3.61% (above 0%: growing)	n/m	+104.05% (above 0%: growing)	32.37%	13.03%	Compare
Median of peers	$793.6M	15.0×	—	+3.61%	—	−58.87%	46.32%	0.00%

All 173 Software Infrastructure stocks →

Paysign, Inc. (PAYS) key facts

Strength: Paysign, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $82.0 million, up 40.5% from fiscal 2024.
Paysign, Inc. (PAYS) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, PAYS traded at $14.80, a market capitalization of $880.8 million.
Return on equity was 19.1% and debt-to-equity 0.00.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 1.30 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.