PAY · Paymentus Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $358.44M | - | $310.74M | $280.08M | $275.24M | - | $231.57M | $197.42M | $184.88M | - |
| Cost of Revenue | $272.21M | - | $235.89M | $208.60M | $209.21M | - | $170.91M | $138.67M | $132.15M | - |
| Gross Profit | $86.23M | - | $74.85M | $71.48M | $66.02M | - | $60.66M | $58.75M | $52.73M | - |
| R&D | $16.33M | - | $15.22M | $15.23M | $15.10M | - | $13.19M | $12.54M | $12.05M | - |
| SG&A | $13.14M | - | $14.29M | $10.71M | $9.18M | - | $8.94M | $9.21M | $9.09M | - |
| Total Operating Expenses | $59.68M | - | $54.99M | $55.55M | $50.34M | - | $48.58M | $48.52M | $44.38M | - |
| D&A | $9.89M | - | $200.0K | $200.0K | $10.74M | - | $200.0K | $200.0K | $8.54M | - |
| Operating Income | $26.55M | - | $19.86M | $15.92M | $15.69M | - | $12.09M | $10.24M | $8.34M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $8.21M | - | $4.86M | $3.66M | $3.99M | - | $5.0K | $3.10M | $3.53M | - |
| Net Income | $20.88M | - | $17.74M | $14.71M | $13.81M | - | $14.43M | $9.36M | $7.23M | - |
| EPS - Basic | $0.17 | - | $0.14 | $0.12 | $0.11 | - | $0.12 | $0.08 | $0.06 | - |
| EPS - Diluted | $0.16 | - | $0.14 | $0.11 | $0.11 | - | $0.11 | $0.07 | $0.06 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $338.78M | $320.91M | $287.91M | $266.42M | $245.85M | $205.90M | $187.54M | $188.81M | $180.14M | $179.36M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $73.47M | $63.97M | $63.94M | $52.58M | $55.66M | $49.87M | $49.66M | $43.15M | $41.10M | $35.18M |
| Current Assets | $472.50M | $441.33M | $417.11M | $380.93M | $361.51M | $345.64M | $320.10M | $294.20M | $279.64M | $270.35M |
| Total Assets | $698.60M | $667.88M | $644.41M | $609.52M | $590.89M | $576.25M | $552.93M | $527.74M | $513.98M | $504.86M |
| Current Liabilities | $107.08M | $98.85M | $95.67M | $83.48M | $80.98M | $81.55M | $74.25M | $64.62M | $62.63M | $62.79M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $115.11M | $107.50M | $107.01M | $92.82M | $90.49M | $90.65M | $84.14M | $76.11M | $74.59M | $75.25M |
| Stockholders' Equity | $583.49M | $560.39M | $537.40M | $516.70M | $500.39M | $485.60M | $468.79M | $451.63M | $439.38M | $429.62M |
| Retained Earnings | $183.73M | $162.85M | $142.18M | $124.43M | $109.73M | $95.91M | $82.76M | $68.33M | $58.97M | $51.74M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $30.45M | - | - | - | $50.44M | - | - | - | $10.95M | - |
| Investing Cash Flow | ($9.44M) | - | - | - | ($8.29M) | - | - | - | ($9.51M) | - |
| Financing Cash Flow | ($3.28M) | - | - | - | ($1.89M) | - | - | - | ($406.0K) | - |
| CapEx | $80.0K | - | - | - | $60.0K | - | - | - | $116.0K | - |
| Free Cash Flow | $30.37M | - | - | - | $50.38M | - | - | - | $10.84M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 24.1% | - | 24.1% | 25.5% | 24.0% | - | 26.2% | 29.8% | 28.5% | - |
| Operating margin | 7.4% | - | 6.4% | 5.7% | 5.7% | - | 5.2% | 5.2% | 4.5% | - |
| EBITDA margin | 10.2% | - | 6.5% | 5.8% | 9.6% | - | 5.3% | 5.3% | 9.1% | - |
| Net margin | 5.8% | - | 5.7% | 5.3% | 5.0% | - | 6.2% | 4.7% | 3.9% | - |
| Free cash flow margin | 8.5% | - | - | - | 18.3% | - | - | - | 5.9% | - |
| FCF / Net income | 1.45 | - | - | - | 3.65 | - | - | - | 1.50 | - |
| R&D / Revenue | 4.6% | - | 4.9% | 5.4% | 5.5% | - | 5.7% | 6.3% | 6.5% | - |
| SG&A / Revenue | 3.7% | - | 4.6% | 3.8% | 3.3% | - | 3.9% | 4.7% | 4.9% | - |
| Effective tax rate | 28.2% | - | 21.5% | 19.9% | 22.4% | - | 0.0% | 24.9% | 32.8% | - |
| Return on assets | 3.0% | - | 2.8% | 2.4% | 2.3% | - | 2.6% | 1.8% | 1.4% | - |
| Return on equity | 3.6% | - | 3.3% | 2.8% | 2.8% | - | 3.1% | 2.1% | 1.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.41 | 4.46 | 4.36 | 4.56 | 4.46 | 4.24 | 4.31 | 4.55 | 4.47 | 4.31 |
| Quick ratio | 4.41 | 4.46 | 4.36 | 4.56 | 4.46 | 4.24 | 4.31 | 4.55 | 4.47 | 4.31 |
| Cash ratio | 3.16 | 3.25 | 3.01 | 3.19 | 3.04 | 2.52 | 2.53 | 2.92 | 2.88 | 2.86 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.20 | 1.19 | 1.20 | 1.18 | 1.18 | 1.19 | 1.18 | 1.17 | 1.17 | 1.18 |
| Liabilities / Assets | 0.16 | 0.16 | 0.17 | 0.15 | 0.15 | 0.16 | 0.15 | 0.14 | 0.15 | 0.15 |
| Efficiency | ||||||||||
| Asset turnover | 0.51 | - | 0.48 | 0.46 | 0.47 | - | 0.42 | 0.37 | 0.36 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 99d | - | 99d | 92d | 97d | - | 106d | 114d | 114d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 158.8x | - | 218.6x | 297.7x | 237.3x | - | 182.0x | 271.4x | 379.2x | - |
| P / B | 5.6x | - | 7.4x | 8.2x | 6.7x | - | 5.4x | 5.4x | 6.6x | - |
| P / S | 9.2x | - | 12.7x | 15.1x | 12.2x | - | 11.0x | 12.2x | 15.6x | - |
| EV / EBITDA | 80.8x | - | 182.8x | 245.6x | 117.9x | - | 192.7x | 213.6x | 160.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 30.2% | - | 34.2% | 41.9% | 48.9% | - | 51.9% | 32.6% | 24.6% | - |
| Revenue CAGR (3y) | 34.2% | - | 34.3% | 32.7% | 44.0% | - | 43.7% | 28.3% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 30.6% | - | 23.4% | 21.7% | 25.2% | - | 29.3% | 28.1% | 31.6% | - |
| Operating income growth (YoY) | 69.2% | - | 64.3% | 55.5% | 88.0% | - | 127.6% | 121.3% | - | - |
| Net income growth (YoY) | 51.2% | - | 23.0% | 57.1% | 91.2% | - | 126.3% | 60.4% | 926.4% | - |
| EPS growth (YoY) | 45.5% | - | 27.3% | 57.1% | 83.3% | - | 120.0% | 40.0% | 500.0% | - |
| EPS CAGR (3y) | 152.0% | - | - | - | 122.4% | - | - | 32.6% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -39.7% | - | - | - | 364.9% | - | - | - | 130.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 16.6% | 15.4% | 14.6% | 14.4% | 13.9% | 13.0% | 12.3% | 10.6% | 9.8% | 8.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$1.20B totalPayment Transaction Processing Revenue$1.19B · 99.2%
Other$9.40M · 0.8%
Geographic
$1.20B totalUS$1.18B · 98.4%
Non Us$18.94M · 1.6%
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing Paymentus Holdings against the 5 most active filers in the same SIC group.