PAYSNasdaqServices-Business Services, NECFiscal year ends December 31
Paysign, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$15.34+0.54 (+3.65%)
Close on Oct 19, 2026
- Market cap
- $950.70M
- P/E (TTM)
- 59.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
59.4%+20.8 pts over 5 years
Operating margin
9.0%+43.5 pts over 5 years
Net margin
9.2%+47.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +40.5% | +29.2% | +27.7% | +26.0% | |
| Gross profit | +51.3% | +32.5% | +39.3% | +28.1% | |
| Operating income | +620.8% | +177.6% | – | – | |
| Net income | +97.9% | +94.4% | – | – | |
| EPS, diluted | +85.7% | +86.6% | – | – | |
| Free cash flow | +127.6% | +26.7% | +32.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 67.3% | -56.2% | 19.1% | |
| Return on assets | 11.6% | -15.1% | 3.3% | |
| Current ratio | 1.08 | 1.15 | 1.11 | |
| Debt to equity | 0.01 | – | 0.17 | |
| Net debt to EBITDA | -6.01× | – | -0.83× | |
| Interest coverage | 17.6× | – | – | |
| Capex to revenue | 1.1% | 5.7% | 1.5% | |
| Diluted shares | 44M | 49M | 60M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Paysign generated $143.56M from operations and spent $4.34M on capital expenditure, dividends and share buybacks. 54% of that went back into the business.
Generated
$143.56M
Used
$4.34M
Capital expenditure$2.34M54%Dividends$00%Share buybacks$2.00M46%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.2%
×Asset turnover0.36×
×Equity multiplier5.77×
=Return on equity, FY202519.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.2% | 0.36× | 5.77× | 19.1% |
| FY2024 | 6.5% | 0.36× | 5.93× | 13.9% |
| FY2023 | 13.7% | 0.37× | 6.25× | 31.7% |
| FY2022 | 2.7% | 0.40× | 6.57× | 7.0% |
| FY2021 | -9.2% | 0.39× | 5.79× | -20.8% |
| FY2020 | -37.9% | 0.40× | 3.73× | -56.2% |
| FY2019 | 21.5% | 0.77× | 3.16× | 52.5% |
| FY2018 | 11.0% | 0.83× | 4.00× | 36.6% |
| FY2017 | 11.8% | 0.89× | 4.32× | 45.2% |
| FY2016 | 13.4% | 0.86× | 5.80× | 67.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$7.55M
- Cash generatingOperating cash flow above zero$52.45M
- Return on assets improvedROA up on the prior year2.6% → 4.2%
- Earnings backed by cashOperating cash flow above net income$52.45M vs $7.55M
- Less leverageLong-term debt to assets fell0.0% → 2.2%
- Better liquidityCurrent ratio rose1.09 → 1.11
- No dilutionShare count did not rise56M → 60M
- Gross margin improvedGross margin up on the prior year55.15% → 59.39%
- More efficientAsset turnover rose0.40 → 0.46