Paymentus Holdings, Inc. PAY

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived NYSE

We are a leading provider of cloud-based bill payment technology and solutions. We deliver our next-generation product suite through a modern technology stack to a broad and diverse base of business and financial institution clients. Our platform was used by approximately 53 million consumers and businesses globally in December 2025 to pay their bills, make money movements and engage with our clients. We serve billers of all sizes that primarily provide non-discretionary services across a variety of industry verticals, including utilities, financial services, insurance, government, telecommunications, real estate management, education, consumer finance, healthcare, business to business (B2B) and small business. We also serve financial institutions by providing them with a modern platform that their customers use for bill payment, account-to-account transfers and person-to-person transfers. By powering this comprehensive network of billers and financial institutions, each with their own set of bill payment requirements, we believe we have created an enviable feedback loop with organic network effects that enables us to continuously drive innovation, grow our business and uniquely improve the electronic bill payment experience for participants in the bill payment ecosystem.

Last close 33.35 2026-10-23
Market cap $4.20B estimated share count
52-week range 20.11 - 45.31

Valuation FY2025 figures against the last close

P/S3.5x
P/E64.1x
P/FCF25.9x
EV/EBITDA36.0x
Dividend yield—
Diluted EPS0.52

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $1.20B$871.7M$614.5M$497.0M$395.5M$301.8M$235.8M—
Cost of revenue $900.2M$633.6M$432.1M$347.3M$274.1M$209.1M$161.3M—
Gross profit $296.3M$238.2M$182.3M$149.7M$121.4M$92.6M$74.4M—
R&D $61.5M$51.3M$44.2M$41.2M$34.1M$24.5M$17.9M—
SG&A $47.4M$36.9M$36.0M$38.1M$33.0M$17.8M$10.2M—
Total operating expenses $220.8M$193.3M$164.2M$152.7M$111.0M$74.2M$56.1M—
Operating income $75.5M$44.9M$18.1M-$3.0M$10.4M$18.4M$18.4M—
Pre-tax income $85.3M$53.9M$25.1M-$1.3M$10.4M$18.4M$18.5M—
Income tax $18.3M$9.8M$2.8M$795.0K$1.1M$4.7M$4.8M—
Net income $66.9M$44.2M$22.3M-$513.0K$9.3M$13.7M$13.7M—
EPS, basic 0.530.360.180.000.060.080.09—
EPS, diluted 0.520.350.180.000.060.080.08—
Shares, diluted (wtd. avg.) 129.1M127.7M125.1M122.1M118.8M106.2M106.4M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $320.9M$205.9M$183.2M$149.7M$201.8M$46.7M$27.4M$24.6M
Total current assets $441.3M$345.6M$270.3M$229.0M$256.4M$79.8M——
Property, plant and equipment $877.0K$1.2M$1.6M$1.8M$2.0M$1.8M——
Goodwill $131.8M$131.8M$131.9M$131.9M$129.4M$13.2M$13.2M—
Other intangibles $12.0M$19.1M$27.2M$36.0M$42.1M$296.0K——
Total assets $667.9M$576.2M$504.9M$461.5M$472.9M$124.9M——
Accounts payable $64.0M$49.9M$35.2M$29.2M$24.7M$16.8M——
Total current liabilities $98.8M$81.5M$62.8M$51.5M$74.4M$31.1M——
Total liabilities $107.5M$90.7M$75.2M$64.4M$86.8M$40.5M——
Retained earnings $162.8M$95.9M$51.7M$29.4M$29.9M$55.0M——
Total equity $560.4M$485.6M$429.6M$397.2M$386.1M$84.4M$68.6M$53.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $162.1M$63.6M$68.8M$19.9M$19.5M$35.6M$17.5M—
Depreciation and amortisation $41.1M$36.5M$30.6M$24.1M$13.3M$8.1M$6.0M—
Stock-based compensation $18.6M$11.0M$9.4M$6.7M$3.1M$2.0M$1.6M—
Capital expenditure $361.0K$457.0K$600.0K$1.3M$979.0K$458.0K$1.0M—
Investing cash flow -$36.5M-$36.8M-$34.3M-$34.6M-$77.8M-$15.1M-$13.9M—
Financing cash flow -$10.6M-$207.0K-$1.2M-$37.3M$213.5M-$1.4M-$857.0K—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-170573.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2019: 235.8M Gross profit, FY2019: 74.4M Net income, FY2019: 13.7M Revenue, FY2020: 301.8M Gross profit, FY2020: 92.6M Net income, FY2020: 13.7M Revenue, FY2021: 395.5M Gross profit, FY2021: 121.4M Net income, FY2021: 9.3M Revenue, FY2022: 497M Gross profit, FY2022: 149.7M Net income, FY2022: -513K Revenue, FY2023: 614.5M Gross profit, FY2023: 182.3M Net income, FY2023: 22.3M Revenue, FY2024: 871.7M Gross profit, FY2024: 238.2M Net income, FY2024: 44.2M Revenue, FY2025: 1.2B Gross profit, FY2025: 296.3M Net income, FY2025: 66.9M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $235.8M $301.8M $395.5M $497.0M $614.5M $871.7M $1.20B
Gross profit — $74.4M $92.6M $121.4M $149.7M $182.3M $238.2M $296.3M
Net income — $13.7M $13.7M $9.3M -$513.0K $22.3M $44.2M $66.9M

Recent filings and events

  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Shareholder vote Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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