What is Paysign Inc's earnings per share (EPS)?

Paysign Inc (PAYS) reported diluted earnings per share of $0.13 for fiscal year 2025. This represents a 85.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Paysign Inc Financials

PAYS

Source SEC Filings (10-K/10-Q) Updated Mar 25, 2026 Currency USD FYE March

This page shows Paysign Inc (PAYS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

Financial Health Signals

Financial Profile 53/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Paysign Inc has an operating margin of 16.1%, meaning the company retains $16 of operating profit per $100 of revenue. This results in a moderate score of 58/100, indicating healthy but not exceptional operating efficiency. This is up from 1.8% the prior year.

Growth

Paysign Inc's revenue declined 21.9% year-over-year, from $58.4M to $45.6M. This contraction results in a growth score of 0/100.

Leverage

Paysign Inc carries a low D/E ratio of 0.13, meaning only $0.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Paysign Inc's current ratio of 1.11 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 17/100, which could limit financial flexibility.

Cash Flow

100

Paysign Inc converts 112.3% of revenue into free cash flow ($51.2M). This strong cash generation earns a score of 100/100.

Returns

Paysign Inc's ROE of 15.6% shows moderate profitability relative to equity, earning a score of 46/100. This is up from 12.5% the prior year.

Altman Z-Score Distress

1.29

Paysign Inc scores 1.29, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($326.7M) relative to total liabilities ($227.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

Paysign Inc passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

6.95x

For every $1 of reported earnings, Paysign Inc generates $6.95 in operating cash flow ($52.5M OCF vs $7.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$45.6M

YoY-21.9%

5Y CAGR+13.6%

10Y CAGR+18.9%

Paysign Inc generated $45.6M in revenue in fiscal year 2025. This represents a decrease of 21.9% from the prior year.

EBITDA

$15.7M

YoY+123.5%

10Y CAGR+46.1%

Paysign Inc's EBITDA was $15.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 123.5% from the prior year.

Net Income

$7.6M

YoY+97.9%

Paysign Inc reported $7.6M in net income in fiscal year 2025. This represents an increase of 97.9% from the prior year.

EPS (Diluted)

$0.13

YoY+85.7%

Paysign Inc earned $0.13 per diluted share (EPS) in fiscal year 2025. This represents an increase of 85.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$51.2M

YoY+127.6%

5Y CAGR+32.8%

Paysign Inc generated $51.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 127.6% from the prior year.

Cash & Debt

$122.3M

YoY+0.0%

5Y CAGR+73.3%

10Y CAGR+30.6%

Paysign Inc held $122.3M in cash against $6.1M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

55M

YoY+3.1%

10Y CAGR+2.6%

Paysign Inc had 55M shares outstanding in fiscal year 2025. This represents an increase of 3.1% from the prior year.

Margins & Returns

Gross Margin

27.0%

YoY-28.2pp

5Y CAGR-11.6pp

10Y CAGR-23.4pp

Paysign Inc's gross margin was 27.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 28.2 percentage points from the prior year.

Operating Margin

16.1%

YoY+14.4pp

5Y CAGR+50.7pp

10Y CAGR+16.2pp

Paysign Inc's operating margin was 16.1% in fiscal year 2025, reflecting core business profitability. This is up 14.4 percentage points from the prior year.

Net Margin

16.6%

YoY+10.0pp

5Y CAGR+54.4pp

10Y CAGR+46.3pp

Paysign Inc's net profit margin was 16.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.0 percentage points from the prior year.

Return on Equity

15.6%

YoY+3.0pp

5Y CAGR+84.6pp

10Y CAGR+205.1pp

Paysign Inc's ROE was 15.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$376K

YoY-24.1%

Paysign Inc spent $376K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 24.1% from the prior year.

Capital Expenditures

$1.2M

YoY+178.0%

5Y CAGR-2.7%

10Y CAGR+24.2%

Paysign Inc invested $1.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 178.0% from the prior year.

PAYS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$45.6M-21.9%	$58.4M+23.5%	$47.3M+24.3%	$38.0M+29.1%	$29.5M+22.2%	$24.1M
Cost of Revenue	$33.3M+27.2%	$26.2M+13.2%	$23.1M+35.5%	$17.1M+15.8%	$14.8M-0.4%	$14.8M
Gross Profit	$12.3M-61.8%	$32.2M+33.4%	$24.1M+15.2%	$21.0M+42.4%	$14.7M+58.1%	$9.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$33.0M+31.2%	$25.2M+24.2%	$20.3M+14.6%	$17.7M+18.4%	$15.0M-0.9%	$15.1M
Operating Income	$7.4M+620.8%	$1.0M+710.7%	-$167K-148.6%	$344K+112.6%	-$2.7M+67.1%	-$8.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2.5M+670.0%	$322K+107.9%	-$4.1M-3910.0%	$107K+953.9%	$10K-98.9%	$894K
Net Income	$7.6M+97.9%	$3.8M-40.9%	$6.5M+528.4%	$1.0M+137.8%	-$2.7M+70.2%	-$9.1M
EPS (Diluted)	$0.13+85.7%	$0.07-41.7%	$0.12+500.0%	$0.02+140.0%	$-0.05+73.7%	$-0.19

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$21.6M+13.2%	$19.1M+2.6%	$18.6M+19.2%	$15.6M+2.3%	$15.3M+6.5%	$14.3M+8.7%	$13.2M-3.6%	$13.7M
Cost of Revenue	$9.4M+29.0%	$7.3M+6.0%	$6.9M+7.8%	$6.4M-5.5%	$6.8M+0.6%	$6.7M+7.9%	$6.3M-4.6%	$6.5M
Gross Profit	$12.2M+3.4%	$11.8M+0.6%	$11.7M+27.1%	$9.2M+8.6%	$8.5M+11.7%	$7.6M+9.3%	$6.9M-2.8%	$7.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$8.4M+2.2%	$8.2M+10.8%	$7.4M+5.3%	$7.0M+13.1%	$6.2M+3.3%	$6.0M+1.8%	$5.9M+10.9%	$5.3M
Operating Income	$1.6M+10.0%	$1.4M-42.2%	$2.5M+436.1%	$464K-32.7%	$690K+448.9%	$126K+148.6%	-$258K-140.9%	$632K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$30K-95.3%	$655K-1.5%	$665K+584.6%	-$137K-355.5%	$54K-77.8%	$242K+47.6%	$164K+103.8%	-$4.3M
Net Income	$2.2M+59.6%	$1.4M-46.3%	$2.6M+88.4%	$1.4M-4.5%	$1.4M+106.1%	$697K+125.5%	$309K-94.5%	$5.6M
EPS (Diluted)	$0.04+100.0%	$0.02-60.0%	$0.05	N/A	$0.03+200.0%	$0.010.0%	$0.01	N/A

PAYS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$276.3M+54.3%	$179.0M+22.1%	$146.6M+35.4%	$108.2M+28.8%	$84.1M+23.9%	$67.8M
Current Assets	$240.1M+51.1%	$158.8M+23.0%	$129.2M+32.2%	$97.7M+31.5%	$74.3M+28.2%	$58.0M
Cash & Equivalents	$122.3M0.0%	$122.3M+11.9%	$109.4M+21.6%	$89.9M+1116.9%	$7.4M-5.6%	$7.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$72.2M+121.2%	$32.6M+101.2%	$16.2M+246.6%	$4.7M+37.9%	$3.4M+562.8%	$512K
Goodwill	$4.5M	$0	N/A	N/A	N/A	N/A
Total Liabilities	$227.8M+53.3%	$148.6M+21.7%	$122.1M+32.8%	$92.0M+29.4%	$71.1M+30.2%	$54.6M
Current Liabilities	$216.3M+48.1%	$146.1M+22.6%	$119.2M+34.5%	$88.6M+31.5%	$67.4M+33.2%	$50.6M
Long-Term Debt	$6.1M	$0	N/A	N/A	N/A	N/A
Total Equity	$48.5M+59.3%	$30.4M+24.3%	$24.5M+50.3%	$16.3M+25.5%	$13.0M-1.9%	$13.2M
Retained Earnings	$15.1M+100.3%	$7.5M+102.8%	$3.7M+235.2%	-$2.7M+27.2%	-$3.8M-258.4%	-$1.1M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$209.5M+8.1%	$193.9M-5.5%	$205.1M+14.6%	$179.0M+7.2%	$167.0M-8.4%	$182.3M+5.4%	$173.0M+18.0%	$146.6M
Current Assets	$171.3M+7.9%	$158.7M-5.1%	$167.2M+5.2%	$158.8M+7.7%	$147.5M-9.7%	$163.4M+5.6%	$154.8M+19.8%	$129.2M
Cash & Equivalents	$118.6M+4.1%	$113.9M+2.2%	$111.5M-8.9%	$122.3M+10.7%	$110.6M-17.2%	$133.5M+15.8%	$115.3M+5.5%	$109.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$49.6M+20.1%	$41.3M-20.9%	$52.2M+60.0%	$32.6M-0.5%	$32.8M+27.4%	$25.8M-27.4%	$35.5M+118.7%	$16.2M
Goodwill	$4.5M0.0%	$4.5M-18.6%	$5.5M	$0	N/A	N/A	N/A	N/A
Total Liabilities	$163.8M+8.0%	$151.7M-8.5%	$165.8M+11.6%	$148.6M+7.3%	$138.5M-10.9%	$155.5M+5.4%	$147.5M+20.8%	$122.1M
Current Liabilities	$152.1M+6.1%	$143.3M-7.9%	$155.7M+6.6%	$146.1M+7.5%	$135.9M-11.0%	$152.7M+5.6%	$144.7M+21.4%	$119.2M
Long-Term Debt	$6.1M0.0%	$6.1M-21.4%	$7.8M	$0	N/A	N/A	N/A	N/A
Total Equity	$45.8M+8.4%	$42.2M+7.5%	$39.3M+29.0%	$30.4M+6.8%	$28.5M+6.2%	$26.9M+5.5%	$25.5M+4.0%	$24.5M
Retained Earnings	$13.7M+19.3%	$11.5M+13.7%	$10.1M+34.4%	$7.5M+22.3%	$6.2M+30.5%	$4.7M+17.3%	$4.0M+8.3%	$3.7M

PAYS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$52.5M+128.6%	$22.9M-16.9%	$27.6M+9.1%	$25.3M+66.3%	$15.2M+10.5%	$13.8M
Capital Expenditures	$1.2M+178.0%	$435K+65.6%	$263K+149.6%	$105K-68.0%	$329K-76.2%	$1.4M
Free Cash Flow	$51.2M+127.6%	$22.5M-17.7%	$27.4M+8.5%	$25.2M+69.2%	$14.9M+20.2%	$12.4M
Investing Cash Flow	-$10.1M-6.4%	-$9.5M-34.6%	-$7.0M-72.3%	-$4.1M-52.7%	-$2.7M+19.9%	-$3.3M
Financing Cash Flow	$285K+161.1%	-$466K+58.3%	-$1.1M	$0-100.0%	$192K+363.7%	-$73K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$376K-24.1%	$495K-56.1%	$1.1M	$0	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$6.8M+85.5%	$3.6M+160.3%	-$6.0M-142.2%	$14.3M+171.0%	-$20.2M-198.1%	$20.6M+149.3%	$8.2M-64.8%	$23.4M
Capital Expenditures	$454K+425.8%	$86K+9.7%	$79K-32.6%	$117K-4.3%	$122K-15.6%	$145K+181.1%	$51K+15.8%	$44K
Free Cash Flow	$6.3M+77.2%	$3.6M+158.2%	-$6.1M-143.1%	$14.2M+170.0%	-$20.3M-199.4%	$20.4M+149.1%	$8.2M-65.0%	$23.4M
Investing Cash Flow	-$2.2M-20.6%	-$1.8M+59.3%	-$4.4M-85.1%	-$2.4M+1.9%	-$2.4M-3.4%	-$2.4M-4.1%	-$2.3M-11.0%	-$2.0M
Financing Cash Flow	$69K-88.3%	$592K+257.4%	-$376K-179.3%	-$135K+62.2%	-$356K-1582.1%	$24K	$0	$0
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0-100.0%	$376K+179.3%	$135K-62.7%	$360K	$0	$0	$0

PAYS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	27.0%-28.2pp	55.1%+4.1pp	51.1%-4.0pp	55.1%+5.2pp	49.9%+11.4pp	38.6%
Operating Margin	16.1%+14.4pp	1.8%+2.1pp	-0.4%-1.3pp	0.9%+10.2pp	-9.3%+25.3pp	-34.6%
Net Margin	16.6%+10.0pp	6.5%-7.1pp	13.7%+11.0pp	2.7%+11.9pp	-9.2%+28.7pp	-37.9%
Return on Equity	15.6%+3.0pp	12.5%-13.8pp	26.4%+20.1pp	6.3%+27.3pp	-20.9%+48.1pp	-69.1%
Return on Assets	2.7%+0.6pp	2.1%-2.3pp	4.4%+3.5pp	0.9%+4.2pp	-3.2%+10.2pp	-13.5%
Current Ratio	1.11+0.0	1.090.0	1.08-0.0	1.100.0	1.10-0.0	1.15
Debt-to-Equity	0.13+0.1	0.00-5.0	4.99-0.7	5.64+0.2	5.47+1.3	4.12
FCF Margin	112.3%+73.8pp	38.6%-19.3pp	57.9%-8.4pp	66.3%+15.7pp	50.6%-0.8pp	51.4%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	56.3%-5.4pp	61.6%-1.2pp	62.9%+3.9pp	58.9%+3.4pp	55.5%+2.6pp	52.9%+0.3pp	52.6%+0.5pp	52.2%
Operating Margin	7.3%-0.2pp	7.5%-5.8pp	13.4%+10.4pp	3.0%-1.5pp	4.5%+3.6pp	0.9%+2.8pp	-2.0%-6.6pp	4.6%
Net Margin	10.3%+3.0pp	7.3%-6.6pp	13.9%+5.1pp	8.8%-0.6pp	9.4%+4.6pp	4.9%+2.5pp	2.3%-38.7pp	41.1%
Return on Equity	4.8%+1.6pp	3.3%-3.3pp	6.6%+2.1pp	4.5%-0.5pp	5.0%+2.4pp	2.6%+1.4pp	1.2%-21.8pp	23.0%
Return on Assets	1.1%+0.3pp	0.7%-0.5pp	1.3%+0.5pp	0.8%-0.1pp	0.9%+0.5pp	0.4%+0.2pp	0.2%-3.7pp	3.8%
Current Ratio	1.13+0.0	1.11+0.0	1.07-0.0	1.090.0	1.09+0.0	1.070.0	1.07-0.0	1.08
Debt-to-Equity	0.13-0.0	0.15-0.1	0.20+0.2	0.00-4.9	4.86-0.9	5.790.0	5.79+0.8	4.99
FCF Margin	29.2%+10.5pp	18.6%+51.5pp	-32.9%-123.8pp	91.0%+223.9pp	-133.0%-275.4pp	142.4%+80.3pp	62.1%-108.8pp	170.9%

Similar Companies

Tucows Inc TCX

$198.4M

Veritone VERI

$168.0M

Sangoma Technologies Corp SANG

$131.2M

ZenaTech, Inc. ZENA

$126.1M

Airship AI Holdings Inc AISP

$77.3M

Frequently Asked Questions

What is Paysign Inc's annual revenue?

Paysign Inc (PAYS) reported $45.6M in total revenue for fiscal year 2025. This represents a -21.9% 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 Paysign Inc's revenue growing?

Paysign Inc (PAYS) revenue declined by 21.9% year-over-year, from $58.4M to $45.6M in fiscal year 2025.

Is Paysign Inc profitable?

Yes, Paysign Inc (PAYS) reported a net income of $7.6M in fiscal year 2025, with a net profit margin of 16.6%.

What is Paysign Inc's EBITDA?

Paysign Inc (PAYS) had EBITDA of $15.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Paysign Inc have?

As of fiscal year 2025, Paysign Inc (PAYS) had $122.3M in cash and equivalents against $6.1M in long-term debt.

What is Paysign Inc's gross margin?

Paysign Inc (PAYS) had a gross margin of 27.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Paysign Inc's operating margin?

Paysign Inc (PAYS) had an operating margin of 16.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Paysign Inc's net profit margin?

Paysign Inc (PAYS) had a net profit margin of 16.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Paysign Inc's return on equity (ROE)?

Paysign Inc (PAYS) has a return on equity of 15.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Paysign Inc's free cash flow?

Paysign Inc (PAYS) generated $51.2M in free cash flow during fiscal year 2025. This represents a 127.6% 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 Paysign Inc's operating cash flow?

Paysign Inc (PAYS) generated $52.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Paysign Inc's total assets?

Paysign Inc (PAYS) had $276.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Paysign Inc's capital expenditures?

Paysign Inc (PAYS) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Paysign Inc buy back shares?

Yes, Paysign Inc (PAYS) spent $376K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Paysign Inc have outstanding?

Paysign Inc (PAYS) had 55M shares outstanding as of fiscal year 2025.

What is Paysign Inc's current ratio?

Paysign Inc (PAYS) had a current ratio of 1.11 as of fiscal year 2025, which is considered adequate.

What is Paysign Inc's debt-to-equity ratio?

Paysign Inc (PAYS) had a debt-to-equity ratio of 0.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Paysign Inc's return on assets (ROA)?

Paysign Inc (PAYS) had a return on assets of 2.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Paysign Inc's Altman Z-Score?

Paysign Inc (PAYS) has an Altman Z-Score of 1.29, placing it in the Distress Zone (elevated 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 Paysign Inc's Piotroski F-Score?

Paysign Inc (PAYS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Paysign Inc's earnings high quality?

Paysign Inc (PAYS) has an earnings quality ratio of 6.95x, 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 Paysign Inc?

Paysign Inc (PAYS) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.