Paymentus Holdings, Inc. (PAY) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PAY SEC filings page.
Paymentus Holdings, Inc. (PAY) reported $1.4B in revenue over the twelve months to Jun 30, 2026, up 30.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Paymentus is scaling revenue faster than overhead, widening operating margins while gross margins compress and cash conversion stays strong.
From FY2023 to FY2025, revenue nearly doubled while operating margin rose from2.9% to6.3% . Gross margin fell from29.7% to24.8% over the same span, so the improvement appears to come from costs below gross profit absorbing scale rather than richer unit economics.
FY2025 net income was
The balance sheet is conservatively financed for the reported scale: debt-to-equity was 0.2x and current ratio was 4.5x in FY2025, indicating limited reliance on debt for short-term funding. More subtly, total assets increased from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Paymentus Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Paymentus Holdings, Inc. has an operating margin of 6.3%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 50/100, indicating healthy but not exceptional operating efficiency. This is up from 5.1% the prior year.
Paymentus Holdings, Inc.'s revenue surged 37.3% year-over-year to $1.2B, reflecting rapid business expansion. This strong growth earns a score of 93/100.
Paymentus Holdings, Inc. carries a low D/E ratio of 0.19, meaning only $0.19 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.46, Paymentus Holdings, Inc. holds $4.46 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 89/100.
Paymentus Holdings, Inc. converts 13.5% of revenue into free cash flow ($161.8M). This strong cash generation earns a score of 69/100.
Paymentus Holdings, Inc.'s ROE of 11.9% shows moderate profitability relative to equity, earning a score of 58/100. This is up from 9.1% the prior year.
Paymentus Holdings, Inc. scores 25.41, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.0B) relative to total liabilities ($107.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Paymentus Holdings, Inc. passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Paymentus Holdings, Inc. generates $2.42 in operating cash flow ($162.1M OCF vs $66.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Paymentus Holdings, Inc. generated $360.7M in revenue in Q2 2026. This represents an increase of 28.8% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.
Paymentus Holdings, Inc.'s EBITDA was $32.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 103.6% from the same quarter a year earlier. Against the prior quarter it is down 9.9%.
Paymentus Holdings, Inc. reported $25.6M in net income in Q2 2026. This represents an increase of 73.8% from the same quarter a year earlier. Against the prior quarter it is up 22.4%.
Paymentus Holdings, Inc. earned $0.20 per diluted share (EPS) in Q2 2026. This represents an increase of 81.8% from the same quarter a year earlier. Against the prior quarter it is up 25.0%.
Cash & Balance Sheet
Paymentus Holdings, Inc. generated $48.7M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 55.4% from the same quarter a year earlier. Against the prior quarter it is up 60.5%.
Paymentus Holdings, Inc. held $377.7M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Paymentus Holdings, Inc.'s gross margin was 26.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.1 percentage points.
Paymentus Holdings, Inc.'s operating margin was 9.0% in Q2 2026, reflecting core business profitability. This is up 3.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.
Paymentus Holdings, Inc.'s net profit margin was 7.1% in Q2 2026, showing the share of revenue converted to profit. This is up 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.
Paymentus Holdings, Inc.'s ROE was 4.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
Capital Allocation
Paymentus Holdings, Inc. invested $15.3M in research and development in Q2 2026. This represents an increase of 0.6% from the same quarter a year earlier. Against the prior quarter it is down 6.2%.
Paymentus Holdings, Inc. invested $113K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 2.6% from the same quarter a year earlier. Against the prior quarter it is up 41.3%.
Not reported for Q2 2026.
PAY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $360.7M+28.8% | $358.4M+30.2% | $330.5M+28.1% | $310.7M+34.2% | $280.1M+41.9% | $275.2M+48.9% | $257.9M+56.5% | $231.6M+51.9% |
| Cost of Revenue | $266.4M+27.7% | $272.2M+30.1% | $246.5M+28.5% | $235.9M+38.0% | $208.6M+50.4% | $209.2M+58.3% | $191.8M+66.4% | $170.9M+62.0% |
| Gross Profit | $94.3M+31.9% | $86.2M+30.6% | $84.0M+27.2% | $74.8M+23.4% | $71.5M+21.7% | $66.0M+25.2% | $66.0M+33.4% | $60.7M+29.3% |
| R&D Expenses | $15.3M+0.6% | $16.3M+8.2% | $15.9M+17.4% | $15.2M+15.4% | $15.2M+21.5% | $15.1M+25.3% | $13.6M+27.3% | $13.2M+19.5% |
| SG&A Expenses | $13.3M+24.4% | $13.1M+43.1% | $13.2M+36.5% | $14.3M+59.9% | $10.7M+16.3% | $9.2M+1.0% | $9.7M+7.0% | $8.9M-1.6% |
| Operating Income | $32.6M+104.9% | $26.6M+69.2% | $24.1M+69.6% | $19.9M+64.3% | $15.9M+55.5% | $15.7M+88.0% | $14.2M+55.3% | $12.1M+127.6% |
| EBITDA | $32.8M+103.6% | $36.4M+37.9% | $54.0M+29.3% | $20.1M+63.3% | $16.1M+54.5% | $26.4M+56.6% | $41.7M+29.6% | $12.3M+123.0% |
| Income Tax | $10.1M+175.8% | $8.2M+105.9% | $5.8M+86.2% | $4.9M+97060.0% | $3.7M+17.9% | $4.0M+12.8% | $3.1M+74.1% | $5K-99.4% |
| Net Income | $25.6M+73.8% | $20.9M+51.2% | $20.6M+56.6% | $17.7M+23.0% | $14.7M+57.1% | $13.8M+91.2% | $13.2M+40.5% | $14.4M+126.3% |
| EPS (Basic) | $0.20+66.7% | $0.17+54.5% | $0.16+45.5% | $0.14+16.7% | $0.12+50.0% | $0.11+83.3% | $0.11+37.5% | $0.12+140.0% |
| EPS (Diluted) | $0.20+81.8% | $0.16+45.5% | $0.16+45.5% | $0.14+27.3% | $0.11+57.1% | $0.11+83.3% | $0.11+37.5% | $0.11+120.0% |
| Diluted Shares (Avg) | 129M0.0% | 129M+0.4% | N/A | 129M+1.3% | 129M+1.4% | 129M+1.5% | N/A | 128M+1.6% |
Not reported in any period shown, so not listed: Interest Expense.
PAY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $725.4M+19.0% | $698.6M+18.2% | $667.9M+15.9% | $644.4M+16.5% | $609.5M+15.5% | $590.9M+15.0% | $576.2M+14.1% | $552.9M+13.0% |
| Current Assets | $494.5M+29.8% | $472.5M+30.7% | $441.3M+27.7% | $417.1M+30.3% | $380.9M+29.5% | $361.5M+29.3% | $345.6M+27.9% | $320.1M+25.5% |
| Cash & Equivalents | $377.7M+41.8% | $338.8M+37.8% | $320.9M+55.9% | $287.9M+53.5% | $266.4M+41.1% | $245.8M+36.5% | $205.9M+14.8% | $187.5M+15.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $131.8M0.0% | $131.8M0.0% | $131.8M0.0% | $131.8M0.0% | $131.8M0.0% | $131.8M0.0% | $131.8M0.0% | $131.8M0.0% |
| Total Liabilities | $112.0M+20.6% | $115.1M+27.2% | $107.5M+18.6% | $107.0M+27.2% | $92.8M+22.0% | $90.5M+21.3% | $90.7M+20.5% | $84.1M+17.0% |
| Current Liabilities | $101.2M+21.2% | $107.1M+32.2% | $98.8M+21.2% | $95.7M+28.9% | $83.5M+29.2% | $81.0M+29.3% | $81.5M+29.9% | $74.2M+24.7% |
| Non-Current Liabilities | $10.8M+15.1% | $8.0M-15.6% | $8.6M-5.0% | $11.3M+14.6% | $9.3M-18.7% | $9.5M-20.5% | $9.1M-27.0% | $9.9M-20.0% |
| Total Equity | $613.4M+18.7% | $583.5M+16.6% | $560.4M+15.4% | $537.4M+14.6% | $516.7M+14.4% | $500.4M+13.9% | $485.6M+13.0% | $468.8M+12.3% |
| Retained Earnings | $209.3M+68.2% | $183.7M+67.4% | $162.8M+69.8% | $142.2M+71.8% | $124.4M+82.1% | $109.7M+86.1% | $95.9M+85.4% | $82.8M+95.5% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Long-Term Debt.
PAY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $48.9M+55.2% | $30.5M-39.6% | $45.1M+61.7% | $35.1M+420.6% | $31.5M+74.6% | $50.4M+360.5% | $27.9M+14.2% | $6.7M-48.7% |
| Depreciation & Amortization | $200K0.0% | $9.9M-7.9% | $9.6M-0.9% | $200K0.0% | $200K0.0% | $10.7M+25.8% | $9.7M+16.5% | $200K0.0% |
| Stock-Based Compensation | $6.7M+27.6% | $5.7M+87.2% | N/A | $5.7M+80.7% | $5.3M+59.1% | $3.0M+23.8% | N/A | $3.2M+29.0% |
| Capital Expenditures | $113K-2.6% | $80K+33.3% | $82K+1.2% | $103K+43.1% | $116K-38.3% | $60K-48.3% | $81K-9.0% | $72K-54.4% |
| Free Cash Flow | $48.7M+55.4% | $30.4M-39.7% | $45.0M+61.9% | $35.0M+424.7% | $31.4M+75.8% | $50.4M+364.9% | $27.8M+14.3% | $6.7M-48.7% |
| Investing Cash Flow | -$9.1M+3.7% | -$9.4M-13.9% | -$8.7M+4.4% | -$10.1M-14.1% | -$9.4M-1.6% | -$8.3M+12.9% | -$9.1M-8.2% | -$8.8M+0.7% |
| Financing Cash Flow | -$2.1M-18.2% | -$3.3M-73.5% | -$3.5M-2022.5% | -$3.4M-16925.0% | -$1.8M-4913.5% | -$1.9M-366.0% | $182K+0.6% | -$20K-108.5% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
PAY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.1%+0.6pp | 24.1%+0.1pp | 25.4%-0.2pp | 24.1%-2.1pp | 25.5%-4.2pp | 24.0%-4.5pp | 25.6%-4.4pp | 26.2%-4.6pp |
| Operating Margin | 9.0%+3.4pp | 7.4%+1.7pp | 7.3%+1.8pp | 6.4%+1.2pp | 5.7%+0.5pp | 5.7%+1.2pp | 5.5%-0.1pp | 5.2%+1.7pp |
| Net Margin | 7.1%+1.8pp | 5.8%+0.8pp | 6.2%+1.1pp | 5.7%-0.5pp | 5.3%+0.5pp | 5.0%+1.1pp | 5.1%-0.6pp | 6.2%+2.1pp |
| Return on Equity | 4.2%+1.3pp | 3.6%+0.8pp | 3.7%+1.0pp | 3.3%+0.2pp | 2.9%+0.8pp | 2.8%+1.1pp | 2.7%+0.5pp | 3.1%+1.6pp |
| Return on Assets | 3.5%+1.1pp | 3.0%+0.6pp | 3.1%+0.8pp | 2.8%+0.1pp | 2.4%+0.6pp | 2.3%+0.9pp | 2.3%+0.4pp | 2.6%+1.3pp |
| Current Ratio | 4.89+0.3x | 4.41-0.1x | 4.46+0.2x | 4.360.0x | 4.560.0x | 4.460.0x | 4.24-0.1x | 4.310.0x |
| Debt-to-Equity | 0.180.0x | 0.200.0x | 0.190.0x | 0.200.0x | 0.180.0x | 0.180.0x | 0.190.0x | 0.180.0x |
| Asset Turnover | 0.500.0x | 0.510.0x | 0.490.0x | 0.48+0.1x | 0.46+0.1x | 0.47+0.1x | 0.45+0.1x | 0.42+0.1x |
| FCF Margin | 13.5%+2.3pp | 8.5%-9.8pp | 13.6%+2.8pp | 11.3%+8.4pp | 11.2%+2.2pp | 18.3%+12.4pp | 10.8%-4.0pp | 2.9%-5.6pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Paymentus Holdings, Inc. PAY | FY2025 | $1.2B | $66.9M | 5.6% | $4.0B | 72/100 |
| CALIX, INC. CALX | FY2025 | $1.0B | $17.9M | 1.8% | $2.2B | 51/100 |
| Remitly Global, Inc. RELY | FY2025 | $1.6B | $67.9M | 4.2% | $4.6B | 68/100 |
| BOX, INC. BOX | FY2026 | $1.2B | $115.4M | 9.8% | $4.7B | 56/100 |
| DLocal Limited DLO | FY2025 | $1.1B | $196.9M | 18.0% | $4.0B | 52/100 |
Where Paymentus Holdings, Inc. Ranks
Frequently Asked Questions
What is Paymentus Holdings, Inc.'s annual revenue?
Paymentus Holdings, Inc. (PAY) reported $1.2B in total revenue for fiscal year 2025. This represents a 37.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Paymentus Holdings, Inc.'s revenue growing?
Paymentus Holdings, Inc. (PAY) revenue grew by 37.3% year-over-year, from $871.7M to $1.2B in fiscal year 2025.
Is Paymentus Holdings, Inc. profitable?
Yes, Paymentus Holdings, Inc. (PAY) reported a net income of $66.9M in fiscal year 2025, with a net profit margin of 5.6%.
What is Paymentus Holdings, Inc.'s EBITDA?
Paymentus Holdings, Inc. (PAY) had EBITDA of $116.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Paymentus Holdings, Inc.'s gross margin?
Paymentus Holdings, Inc. (PAY) had a gross margin of 24.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Paymentus Holdings, Inc.'s operating margin?
Paymentus Holdings, Inc. (PAY) had an operating margin of 6.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Paymentus Holdings, Inc.'s net profit margin?
Paymentus Holdings, Inc. (PAY) had a net profit margin of 5.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Paymentus Holdings, Inc.'s return on equity (ROE)?
Paymentus Holdings, Inc. (PAY) has a return on equity of 11.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Paymentus Holdings, Inc.'s free cash flow?
Paymentus Holdings, Inc. (PAY) generated $161.8M in free cash flow during fiscal year 2025. This represents a 156.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Paymentus Holdings, Inc.'s operating cash flow?
Paymentus Holdings, Inc. (PAY) generated $162.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Paymentus Holdings, Inc.'s total assets?
Paymentus Holdings, Inc. (PAY) had $667.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Paymentus Holdings, Inc.'s capital expenditures?
Paymentus Holdings, Inc. (PAY) invested $361K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Paymentus Holdings, Inc. spend on research and development?
Paymentus Holdings, Inc. (PAY) invested $61.5M in research and development during fiscal year 2025.
What is Paymentus Holdings, Inc.'s current ratio?
Paymentus Holdings, Inc. (PAY) had a current ratio of 4.46 as of fiscal year 2025, which is generally considered healthy.
What is Paymentus Holdings, Inc.'s debt-to-equity ratio?
Paymentus Holdings, Inc. (PAY) had a debt-to-equity ratio of 0.19 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Paymentus Holdings, Inc.'s return on assets (ROA)?
Paymentus Holdings, Inc. (PAY) had a return on assets of 10.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Paymentus Holdings, Inc.'s P/E ratio?
Paymentus Holdings, Inc. (PAY) trades at 47.1x earnings, its market capitalization divided by net income of $84.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $4.0B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Paymentus Holdings, Inc.'s price-to-sales ratio?
Paymentus Holdings, Inc. (PAY) trades at 2.9x sales, its market capitalization divided by revenue of $1.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.0B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Paymentus Holdings, Inc.'s Altman Z-Score?
Paymentus Holdings, Inc. (PAY) has an Altman Z-Score of 25.41, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Paymentus Holdings, Inc.'s Piotroski F-Score?
Paymentus Holdings, Inc. (PAY) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Paymentus Holdings, Inc.'s earnings high quality?
Paymentus Holdings, Inc. (PAY) has an earnings quality ratio of 2.42x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Paymentus Holdings, Inc.?
Paymentus Holdings, Inc. (PAY) scores 72 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.