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. (PAYS) Financials

PAYS

Trailing 12 months to June 30, 2026

Revenue $100.6M +46.8% YoY

Net Income $15.8M +132.5% YoY

EPS (Diluted) $0.27 +107.7% YoY

Free Cash Flow $73.5M +950.3% YoY

Market Cap $867.8M as of Oct 9, 2026

Price / Sales 8.6x on $100.6M revenue, trailing 12 months to June 30, 2026

Price / Earnings 55.0x on $15.8M net income, trailing 12 months to June 30, 2026

Price / Book 14.4x on $60.2M equity, Q2 FY2026

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 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PAYS SEC filings page.

Paysign, Inc. (PAYS) reported $100.6M in revenue over the twelve months to Jun 30, 2026, up 46.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI PAYS FY2025 2026-10-03

Paysign's growth is becoming more profitable and cash-generative, but expansion is financed mainly through operating liabilities rather than traditional debt.

The FY2025 scale-up coincided with operating margin reaching 9.0% from 1.8%, indicating that additional volume is reaching profit after overhead. Operating cash flow was $52.5M against net income of $7.6M, so reported cash generation was driven far more by balance-sheet flows than accounting earnings.

Gross margin reached 59.4% while operating margin reached 9.0%; the simultaneous improvement points to better direct economics plus overhead absorption, rather than growth alone explaining the profit increase. Free cash flow nearly matched operating cash flow in FY2025, showing that capital spending did not absorb the reported cash generation.

Long-term debt was only $6.1M and debt-to-equity was 0.1x, yet current ratio remained near 1.1x. This combination indicates that expansion is funded largely through operating and current obligations, leaving only a modest short-term asset cushion.

Financial Health Signals

Financial Health Score 65/100

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 Paysign, 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.

Profitability

Paysign, Inc. has an operating margin of 9.0%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is up from 1.8% the prior year.

Growth

Paysign, Inc.'s revenue surged 40.5% year-over-year to $82.0M, reflecting rapid business expansion. This strong growth earns a score of 90/100.

Leverage

100

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 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Paysign, Inc.'s current ratio of 1.11 is below the typical benchmark, resulting in a score of 24/100. However, the company holds substantial cash reserves (76% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Cash Flow

Paysign, Inc. converts 62.5% of revenue into free cash flow ($51.2M). This strong cash generation earns a score of 99/100.

Returns

Paysign, Inc.'s ROE of 15.6% shows moderate profitability relative to equity, earning a score of 39/100. This is up from 12.5% the prior year.

Altman Z-Score Grey Zone

2.85

Paysign, Inc. scores 2.85, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($867.8M) relative to total liabilities ($227.8M). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

Paysign, Inc. passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

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

$28.3M

YoY+48.1%

QoQ+0.8%

5Y CAGR+33.5%

Paysign, Inc. generated $28.3M in revenue in Q2 2026. This represents an increase of 48.1% from the same quarter a year earlier. Against the prior quarter it is up 0.8%.

EBITDA

$9.4M

YoY+162.8%

QoQ+0.5%

10Y CAGR+35.5%

Paysign, Inc.'s EBITDA was $9.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 162.8% from the same quarter a year earlier. Against the prior quarter it is up 0.5%.

Net Income

$6.8M

YoY+386.9%

QoQ+24.2%

10Y CAGR+35.0%

Paysign, Inc. reported $6.8M in net income in Q2 2026. This represents an increase of 386.9% from the same quarter a year earlier. Against the prior quarter it is up 24.2%.

EPS (Diluted)

$0.11

YoY+450.0%

QoQ+22.2%

10Y CAGR+27.1%

Paysign, Inc. earned $0.11 per diluted share (EPS) in Q2 2026. This represents an increase of 450.0% from the same quarter a year earlier. Against the prior quarter it is up 22.2%.

Cash & Balance Sheet

Free Cash Flow

$1.2M

YoY-66.5%

QoQ-93.6%

5Y CAGR-31.0%

10Y CAGR-9.1%

Paysign, Inc. generated $1.2M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 66.5% from the same quarter a year earlier. Against the prior quarter it is down 93.6%.

Cash & Debt

$176.5M

YoY+54.9%

QoQ-1.7%

5Y CAGR+19.5%

10Y CAGR+31.4%

Paysign, Inc. held $176.5M in cash against $3.6M in long-term debt as of Q2 2026, with $248.4M of liabilities due within a year.

Shares Outstanding

56M

YoY+3.7%

QoQ+1.0%

5Y CAGR+2.0%

10Y CAGR+2.8%

Paysign, Inc. had 56M shares outstanding in Q2 2026. This represents an increase of 3.7% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

63.3%

YoY+1.7pp

QoQ-1.6pp

5Y change+15.9pp

Paysign, Inc.'s gross margin was 63.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.6 percentage points.

Operating Margin

24.8%

YoY+17.3pp

QoQ+1.0pp

5Y change+38.9pp

Paysign, Inc.'s operating margin was 24.8% in Q2 2026, reflecting core business profitability. This is up 17.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.

Net Margin

23.9%

YoY+16.6pp

QoQ+4.5pp

5Y change+37.9pp

Paysign, Inc.'s net profit margin was 23.9% in Q2 2026, showing the share of revenue converted to profit. This is up 16.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.5 percentage points.

Return on Equity

11.2%

YoY+7.9pp

QoQ+1.3pp

5Y change+19.0pp

10Y change-7.5pp

Paysign, Inc.'s ROE was 11.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 7.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Capital Allocation

Share Buybacks

$200K

QoQ0.0%

Paysign, Inc. spent $200K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. It is unchanged from the prior quarter.

Capital Expenditures

$103K

YoY+19.7%

QoQ-61.3%

5Y CAGR+16.2%

10Y CAGR+10.8%

Paysign, Inc. invested $103K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 19.7% from the same quarter a year earlier. Against the prior quarter it is down 61.3%.

R&D Spending

Not reported for Q2 2026.

PAYS 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.

PAYS quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$100.6M	$82.0M+40.5%	$58.4M+23.5%	$47.3M+24.3%	$38.0M+29.1%	$29.5M+22.2%	$24.1M-30.4%	$34.7M+48.0%	$23.4M+53.8%	$15.2M+46.2%	$10.4M+28.5%	$8.1M-21.2%	$10.3M+63.2%	$6.3M-5.9%	$6.7M+103.0%	$3.3M
Cost of Revenue	$39.3M	$33.3M+27.2%	$26.2M+13.2%	$23.1M+35.5%	$17.1M+15.8%	$14.8M-0.4%	$14.8M-3.9%	$15.4M+28.3%	$12.0M+40.9%	$8.5M+45.2%	$5.9M+46.3%	$4.0M-13.6%	$4.7M+13.4%	$4.1M-22.7%	$5.3M+118.3%	$2.4M
Gross Profit	$61.4M	$48.7M+51.3%	$32.2M+33.4%	$24.1M+15.2%	$21.0M+42.4%	$14.7M+58.1%	$9.3M-51.6%	$19.2M+68.8%	$11.4M+70.1%	$6.7M+47.7%	$4.5M+11.0%	$4.1M-27.5%	$5.6M+155.8%	$2.2M+58.0%	$1.4M+60.3%	$870K
SG&A Expenses	$34.9M	$33.0M+31.2%	$25.2M+24.2%	$20.3M+14.6%	$17.7M+18.4%	$15.0M-0.9%	$15.1M+29.5%	$11.7M+48.8%	$7.8M+93.2%	$4.1M+55.6%	$2.6M-30.2%	$3.7M+37.5%	$2.7M+83.9%	$1.5M+94.0%	$761K+38.9%	$548K
Operating Income	$17.1M	$7.4M+620.8%	$1.0M+710.7%	-$167K-148.6%	$344K+112.6%	-$2.7M+67.1%	-$8.3M-236.7%	$6.1M+146.8%	$2.5M+39.9%	$1.8M+30.1%	$1.4M+15413.4%	-$9K-100.3%	$2.8M+310.8%	$670K+16.5%	$575K+106.1%	$279K
EBITDA	N/A	$15.7M+123.5%	$7.0M+81.8%	$3.9M+18.6%	$3.3M+1447.3%	-$242K+96.1%	-$6.2M-181.9%	$7.6M+112.9%	$3.6M+34.7%	$2.6M+36.9%	$1.9M+445.7%	$354K-87.9%	$2.9M+301.6%	$728K+14.8%	$634K+96.7%	$322K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$140K+341.9%	$32K-59.0%	$77K+68.8%	$46K-67.7%	$142K+139.5%	$59K-4.9%	$62K-2.4%	$64K
Income Tax	$4.3M	$2.5M+670.0%	$322K+107.9%	-$4.1M-3910.0%	$107K+953.9%	$10K-98.9%	$894K+198.3%	-$910K	$0-100.0%	$6K	$0	$0	$0	$0	$0	N/A
Net Income	$15.8M	$7.6M+97.9%	$3.8M-40.9%	$6.5M+528.4%	$1.0M+137.8%	-$2.7M+70.2%	-$9.1M-222.6%	$7.5M+188.0%	$2.6M+44.5%	$1.8M+27.9%	$1.4M+158.1%	-$2.4M-192.3%	$2.6M+326.8%	$612K-66.3%	$1.8M+743.9%	$215K
EPS (Basic)	N/A	$0.14+100.0%	$0.07-41.7%	$0.12+500.0%	$0.02+140.0%	-$0.05+73.7%	-$0.19-218.8%	$0.16+166.7%	$0.06+50.0%	$0.040.0%	$0.04+166.7%	-$0.06-185.7%	$0.07+250.0%	$0.02-60.0%	$0.05+400.0%	$0.01
EPS (Diluted)	$0.27	$0.13+85.7%	$0.07-41.7%	$0.12+500.0%	$0.02+140.0%	-$0.05+73.7%	-$0.19-235.7%	$0.14+180.0%	$0.05+25.0%	$0.04+33.3%	$0.03	$0.00-100.0%	$0.06+500.0%	$0.01	$0.05	N/A
Diluted Shares (Avg)	N/A	60M+7.3%	56M+2.6%	54M+2.3%	53M+3.8%	51M+3.5%	49M-9.7%	55M+4.9%	52M+8.2%	48M+9.5%	44M	0-100.0%	42M0.0%	42M	40M+12.3%	35M

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	$28.3M+48.1%	$28.0M+50.8%	$22.8M+45.8%	$21.6M+41.6%	$19.1M+33.1%	$18.6M+41.0%	$15.6M+14.0%	$15.3M+23.0%
Cost of Revenue	$10.4M+41.4%	$9.8M+42.2%	$9.6M+50.4%	$9.4M+39.3%	$7.3M+8.6%	$6.9M+10.5%	$6.4M-2.2%	$6.8M+11.8%
Gross Profit	$17.9M+52.2%	$18.2M+55.8%	$13.1M+42.6%	$12.2M+43.4%	$11.8M+55.0%	$11.7M+68.5%	$9.2M+28.8%	$8.5M+33.8%
SG&A Expenses	$8.5M+4.3%	$8.9M+20.5%	$9.1M+28.8%	$8.4M+34.7%	$8.2M+36.2%	$7.4M+25.2%	$7.0M+31.9%	$6.2M+32.4%
Operating Income	$7.0M+387.7%	$6.7M+167.9%	$1.9M+299.3%	$1.6M+129.3%	$1.4M+1043.9%	$2.5M+1063.4%	$464K-26.5%	$690K+16.8%
EBITDA	$9.4M+162.8%	$9.3M+116.9%	$4.1M+87.4%	$3.8M+67.3%	$3.6M+127.3%	$4.3M+317.3%	$2.2M+19.7%	$2.3M+37.9%
Income Tax	$1.1M+75.4%	$2.0M+205.2%	$1.1M+923.9%	$30K-43.3%	$655K+170.7%	$665K+305.8%	-$137K+96.8%	$54K-48.9%
Net Income	$6.8M+386.9%	$5.4M+110.3%	$1.4M-0.7%	$2.2M+54.2%	$1.4M+99.1%	$2.6M+736.7%	$1.4M-75.6%	$1.4M+30.5%
EPS (Basic)	$0.12+300.0%	$0.10+100.0%	$0.03+50.0%	$0.04+33.3%	$0.03+200.0%	$0.05+400.0%	$0.02-80.0%	$0.03+50.0%
EPS (Diluted)	$0.11+450.0%	$0.09+80.0%	$0.030.0%	$0.04+33.3%	$0.02+100.0%	$0.05	$0.03-70.0%	$0.03+50.0%
Diluted Shares (Avg)	62M+7.1%	61M+10.7%	N/A	62M+10.2%	58M+3.6%	55M	N/A	56M+4.8%

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

PAYS Balance Sheet

PAYS quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$276.3M+54.3%	$179.0M+22.1%	$146.6M+35.4%	$108.2M+28.8%	$84.1M+23.9%	$67.8M+26.7%	$53.5M+48.0%	$36.2M+77.3%	$20.4M+47.1%	$13.9M+35.1%	$10.3M-20.8%	$13.0M+41.4%	$9.2M+22.8%	$7.5M+5.1%	$7.1M
Current Assets	$240.1M+51.1%	$158.8M+23.0%	$129.2M+32.2%	$97.7M+31.5%	$74.3M+28.2%	$58.0M+21.1%	$47.9M+44.3%	$33.2M+85.2%	$17.9M+49.0%	$12.0M+37.7%	$8.7M-27.2%	$12.0M+40.2%	$8.5M+21.7%	$7.0M+2.8%	$6.8M
Cash & Equivalents	$165.0M+34.9%	$122.3M+11.9%	$109.4M+21.6%	$89.9M+1116.9%	$7.4M-5.6%	$7.8M-82.8%	$45.6M+43.9%	$31.7M+84.5%	$17.2M+47.5%	$11.6M+37.6%	$8.5M+117.5%	$3.9M+278.4%	$1.0M-45.2%	$1.9M+2834.4%	$64K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$72.2M+121.2%	$32.6M+101.2%	$16.2M+246.6%	$4.7M+37.9%	$3.4M+562.8%	$512K-42.6%	$892K+164.4%	$337K+103.8%	$166K+50.1%	$110K+558.6%	$17K-80.7%	$87K-77.9%	$392K+381.5%	$81K-93.5%	$1.3M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$4.5M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	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+59.4%	$34.2M+25.5%	$27.3M+75.4%	$15.6M+39.3%	$11.2M+23.0%	$9.1M-10.8%	$10.2M+12.4%	$9.1M+13.6%	$8.0M-20.4%	$10.0M
Current Liabilities	$216.3M+48.1%	$146.1M+22.6%	$119.2M+34.5%	$88.6M+31.5%	$67.4M+33.2%	$50.6M+47.7%	$34.2M+25.5%	$27.3M+75.4%	$15.6M+39.6%	$11.1M+27.5%	$8.7M-14.1%	$10.2M+12.4%	$9.1M+13.6%	$8.0M-20.4%	$10.0M
Non-Current Liabilities	$11.4M+360.3%	$2.5M-15.3%	$2.9M-11.6%	$3.3M-9.8%	$3.7M-8.5%	$4.0M	$0	$0	$0-100.0%	$28K-91.8%	$339K	$0	$0	$0	$0
Long-Term Debt	$6.1M	$0	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$28K	$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-31.4%	$19.3M+112.2%	$9.1M+80.4%	$5.0M+74.4%	$2.9M+127.4%	$1.3M-53.4%	$2.7M+4546.7%	$59K+110.5%	-$559K+81.2%	-$3.0M
Retained Earnings	$15.1M+100.3%	$7.5M+102.8%	$3.7M+235.2%	-$2.7M+27.2%	-$3.8M-258.4%	-$1.1M-113.0%	$8.1M+1295.6%	$580K+128.9%	-$2.0M+47.1%	-$3.8M+26.9%	-$5.2M-86.4%	-$2.8M+48.3%	-$5.4M+10.2%	-$6.0M+23.2%	-$7.8M

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	$317.0M+63.5%	$312.7M+52.5%	$276.3M+54.3%	$209.5M+25.5%	$193.9M+6.4%	$205.1M+18.6%	$179.0M+22.1%	$167.0M+50.1%
Current Assets	$283.0M+78.3%	$277.4M+65.9%	$240.1M+51.1%	$171.3M+16.1%	$158.7M-2.9%	$167.2M+8.0%	$158.8M+23.0%	$147.5M+49.2%
Cash & Equivalents	$176.5M+54.9%	$179.5M+61.0%	$165.0M+34.9%	$118.6M+7.2%	$113.9M-14.7%	$111.5M-3.3%	$122.3M+11.9%	$110.6M+25.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$103.2M+149.6%	$94.2M+80.4%	$72.2M+121.2%	$49.6M+51.4%	$41.3M+60.5%	$52.2M+47.3%	$32.6M+101.2%	$32.8M+350.6%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$4.5M0.0%	$4.5M-18.6%	$4.5M	$4.5M	$4.5M	$5.5M	$0	N/A
Total Liabilities	$256.8M+69.3%	$257.7M+55.4%	$227.8M+53.3%	$163.8M+18.3%	$151.7M-2.4%	$165.8M+12.4%	$148.6M+21.7%	$138.5M+48.8%
Current Liabilities	$248.4M+73.4%	$248.1M+59.4%	$216.3M+48.1%	$152.1M+12.0%	$143.3M-6.2%	$155.7M+7.6%	$146.1M+22.6%	$135.9M+50.9%
Non-Current Liabilities	$8.4M+0.1%	$9.6M-5.5%	$11.4M+360.3%	$11.6M+347.2%	$8.4M+207.6%	$10.2M+259.4%	$2.5M-15.3%	$2.6M-14.0%
Long-Term Debt	$3.6M-41.9%	$4.6M-41.7%	$6.1M	$6.1M	$6.1M	$7.8M	$0	N/A
Total Equity	$60.2M+42.5%	$55.0M+40.1%	$48.5M+59.3%	$45.8M+60.5%	$42.2M+57.2%	$39.3M+54.3%	$30.4M+24.3%	$28.5M+56.9%
Retained Earnings	$27.3M+137.1%	$20.5M+102.9%	$15.1M+100.3%	$13.7M+122.9%	$11.5M+143.8%	$10.1M+151.5%	$7.5M+102.8%	$6.2M+422.2%

Not reported in any period shown, so not listed: Inventory.

PAYS Cash Flow Statement

PAYS quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$74.9M	$52.5M+128.6%	$22.9M-16.9%	$27.6M+9.1%	$25.3M+66.3%	$15.2M+10.5%	$13.8M-17.6%	$16.7M+4.5%	$16.0M+123.7%	$7.2M+70.1%	$4.2M+684.5%	-$720K-123.3%	$3.1M+597.0%	-$620K-130.2%	$2.1M+809.7%	$226K
Depreciation & Amortization	N/A	$8.3M+38.8%	$6.0M+48.9%	$4.0M+38.4%	$2.9M+16.5%	$2.5M+17.6%	$2.1M+43.3%	$1.5M+36.1%	$1.1M+24.3%	$876K+53.1%	$572K+57.8%	$363K+111.4%	$172K+195.8%	$58K-2.1%	$59K+36.2%	$44K
Stock-Based Compensation	N/A	$4.3M+63.6%	$2.6M-8.7%	$2.9M+25.3%	$2.3M-0.1%	$2.3M-23.2%	$3.0M+17.5%	$2.5M+85.0%	$1.4M+342.8%	$309K+232.1%	$93K-54.1%	$203K-66.3%	$601K+233.2%	$180K+111.1%	$85K+9031.1%	$935
Capital Expenditures	$1.4M	$1.2M+178.0%	$435K+65.6%	$263K+149.6%	$105K-68.0%	$329K-76.2%	$1.4M+198.3%	$464K+80.4%	$257K-63.7%	$707K+543.7%	$110K-20.6%	$138K-1.8%	$141K+169.2%	$52K-31.5%	$76K+96.2%	$39K
Free Cash Flow	$73.5M	$51.2M+127.6%	$22.5M-17.7%	$27.4M+8.5%	$25.2M+69.2%	$14.9M+20.2%	$12.4M-23.7%	$16.2M+3.2%	$15.7M+144.2%	$6.4M+57.4%	$4.1M+577.4%	-$858K-129.2%	$2.9M+537.4%	-$673K-134.0%	$2.0M+958.2%	$187K
Investing Cash Flow	-$7.4M	-$10.1M-6.4%	-$9.5M-34.6%	-$7.0M-72.3%	-$4.1M-52.7%	-$2.7M+19.9%	-$3.3M-3.3%	-$3.2M-103.0%	-$1.6M-5.0%	-$1.5M-71.3%	-$887K	N/A	N/A	N/A	-$234K-17.6%	-$199K
Financing Cash Flow	-$5.0M	$285K+161.1%	-$466K+58.3%	-$1.1M	$0-100.0%	$192K+363.7%	-$73K-116.9%	$431K+330.9%	$100K+198.0%	-$102K+25.6%	-$137K	N/A	N/A	N/A	-$12K-135.0%	-$5K
Share Buybacks	$0	$376K-24.1%	$495K-56.1%	$1.1M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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	$1.3M-64.4%	$18.8M+411.4%	$48.1M+236.0%	$6.8M+133.5%	$3.6M-82.3%	-$6.0M-173.2%	$14.3M-38.9%	-$20.2M-600.5%
Depreciation & Amortization	$2.3M+10.4%	$2.6M+46.4%	$2.2M+29.6%	$2.2M+39.9%	$2.1M+47.3%	$1.8M+40.0%	$1.7M+44.5%	$1.6M+49.8%
Stock-Based Compensation	$1.3M+31.2%	$1.3M+91.0%	N/A	$1.3M+120.7%	$954K+42.4%	$672K+1.3%	N/A	$573K-19.2%
Capital Expenditures	$103K+19.7%	$266K+238.8%	$591K+405.9%	$454K+271.6%	$86K-40.4%	$79K+52.8%	$117K+162.8%	$122K-8.4%
Free Cash Flow	$1.2M-66.5%	$18.5M+403.0%	$47.5M+234.6%	$6.3M+131.1%	$3.6M-82.6%	-$6.1M-174.6%	$14.2M-39.3%	-$20.3M-620.7%
Investing Cash Flow	-$1.4M+20.3%	-$2.1M+53.3%	-$1.7M+30.9%	-$2.2M+10.8%	-$1.8M+23.5%	-$4.4M-95.5%	-$2.4M-17.2%	-$2.4M-25.2%
Financing Cash Flow	-$2.9M-584.4%	-$2.2M-485.4%	$0+100.0%	$69K+119.4%	$592K+2364.7%	-$376K	-$135K	-$356K-136.8%
Share Buybacks	-$200K	$200K-46.9%	$0-100.0%	$0-100.0%	$0	$376K	$135K	$360K+140.0%

Not reported in any period shown, so not listed: Dividends Paid.

PAYS 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.

PAYS quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	59.4%+4.2pp	55.1%+4.1pp	51.1%-4.0pp	55.1%+5.2pp	49.9%+11.4pp	38.6%-16.9pp	55.5%+6.8pp	48.7%+4.7pp	44.0%+0.4pp	43.6%-6.9pp	50.4%-4.4pp	54.8%+19.8pp	34.9%+14.1pp	20.8%-5.5pp	26.4%
Operating Margin	9.0%+7.2pp	1.8%+2.1pp	-0.4%-1.3pp	0.9%+10.2pp	-9.3%+25.3pp	-34.6%-52.2pp	17.6%+7.0pp	10.6%-1.0pp	11.6%-1.4pp	13.0%+13.1pp	-0.1%-26.8pp	26.7%+16.1pp	10.6%+2.0pp	8.6%+0.1pp	8.5%
Net Margin	9.2%+2.7pp	6.5%-7.1pp	13.7%+11.0pp	2.7%+11.9pp	-9.2%+28.7pp	-37.9%-59.4pp	21.5%+10.4pp	11.1%-0.7pp	11.8%-1.7pp	13.5%+43.2pp	-29.7%-55.1pp	25.4%+15.7pp	9.7%-17.4pp	27.1%+20.6pp	6.5%
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%-107.7pp	38.6%+10.2pp	28.4%-7.1pp	35.5%-12.9pp	48.4%+238.0pp	-189.5%-285.1pp	95.6%-945.0pp	1040.6%	N/A	N/A
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%-27.4pp	13.9%+6.8pp	7.1%-1.6pp	8.8%-1.3pp	10.1%+33.6pp	-23.5%-43.6pp	20.2%+13.5pp	6.7%-17.7pp	24.3%+21.3pp	3.0%
Current Ratio	1.110.0x	1.090.0x	1.080.0x	1.100.0x	1.100.0x	1.15-0.3x	1.40+0.2x	1.22+0.1x	1.15+0.1x	1.08+0.1x	1.00-0.2x	1.18+0.2x	0.94+0.1x	0.88+0.2x	0.68
Debt-to-Equity	0.13+0.1x	0.00-5.0x	4.99-0.7x	5.64+0.2x	5.47+1.3x	4.12+2.4x	1.77-1.2x	3.00+3.0x	0.000.0x	0.010.0x	0.00-3.7x	3.73-150.4x	154.09	N/A	N/A
Asset Turnover	0.300.0x	0.330.0x	0.320.0x	0.350.0x	0.350.0x	0.36-0.3x	0.650.0x	0.65-0.1x	0.750.0x	0.750.0x	0.790.0x	0.79+0.1x	0.69-0.2x	0.90+0.4x	0.47
FCF Margin	62.5%+23.9pp	38.6%-19.3pp	57.9%-8.4pp	66.3%+15.7pp	50.6%-0.8pp	51.4%+4.5pp	46.9%-20.3pp	67.2%+24.9pp	42.3%+3.0pp	39.3%+49.9pp	-10.6%-39.2pp	28.6%+39.2pp	-10.7%-40.2pp	29.5%+23.9pp	5.7%

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	63.3%+1.7pp	65.0%+2.1pp	57.7%-1.3pp	56.3%+0.7pp	61.6%+8.7pp	62.9%+10.3pp	58.9%+6.8pp	55.5%+4.5pp
Operating Margin	24.8%+17.3pp	23.8%+10.4pp	8.2%+5.2pp	7.3%+2.8pp	7.5%+6.7pp	13.4%+15.3pp	3.0%-1.6pp	4.5%-0.2pp
Net Margin	23.9%+16.6pp	19.4%+5.5pp	6.0%-2.8pp	10.3%+0.8pp	7.3%+2.4pp	13.9%+11.6pp	8.8%-32.3pp	9.4%+0.5pp
Return on Equity	11.2%+7.9pp	9.9%+3.3pp	2.8%-1.7pp	4.8%-0.2pp	3.3%+0.7pp	6.6%+5.4pp	4.5%-18.4pp	5.0%-1.0pp
Return on Assets	2.1%+1.4pp	1.7%+0.5pp	0.5%-0.3pp	1.1%+0.2pp	0.7%+0.3pp	1.3%+1.1pp	0.8%-3.1pp	0.9%-0.1pp
Current Ratio	1.140.0x	1.120.0x	1.110.0x	1.130.0x	1.110.0x	1.070.0x	1.090.0x	1.090.0x
Debt-to-Equity	0.06-0.1x	0.08-0.1x	0.13+0.1x	0.13-4.7x	0.15-5.6x	0.20-5.6x	0.00-5.0x	4.86-0.3x
Asset Turnover	0.090.0x	0.090.0x	0.080.0x	0.100.0x	0.100.0x	0.090.0x	0.090.0x	0.090.0x
FCF Margin	4.2%-14.4pp	66.0%+98.9pp	208.7%	29.2%	18.6%	-32.9%-95.0pp	91.0%	-133.0%

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

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
Paysign, Inc. PAYS	FY2025	$82.0M	$7.6M	9.2%	$867.8M	65/100
Tucows, Inc TCX	FY2025	$390.3M	-$75.8M	-19.4%	$108.0M	22/100
Veritone, Inc. VERI	FY2025	$92.2M	-$111.7M	N/A	$59.5M	35/100
Sangoma Technologies Corporation SANG	FY2025	$236.7M	-$5.0M	-2.1%	$161.9M	33/100
ZenaTech, Inc. ZENA	FY2025	N/A	-$45.2M	N/A	$117.3M	—
Airship AI Holdings, Inc. AISP	FY2025	$15.3M	$29.3M	N/A	$78.9M	31/100

Where Paysign, Inc. Ranks

Frequently Asked Questions

What is Paysign, Inc.'s annual revenue?

Paysign, Inc. (PAYS) reported $82.0M in total revenue for fiscal year 2025. This represents a 40.5% 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 grew by 40.5% year-over-year, from $58.4M to $82.0M 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 9.2%.

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 $165.0M 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 59.4% 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 9.0% 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 9.2% 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 P/E ratio?

Paysign, Inc. (PAYS) trades at 55.0x earnings, its market capitalization divided by net income of $15.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $867.8M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Paysign, Inc.'s price-to-sales ratio?

Paysign, Inc. (PAYS) trades at 8.6x sales, its market capitalization divided by revenue of $100.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $867.8M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Paysign, Inc.'s Altman Z-Score?

Paysign, Inc. (PAYS) has an Altman Z-Score of 2.85, placing it in the Grey Zone (moderate 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 6 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 to 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 65 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.