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PAY

Paymentus Holdings, Inc.

PAY

Paymentus Holdings, Inc. • NYSE
$34.72 ▲ 1.52% (+0.52)
Market Cap $4.36 B
52w High $40.43
52w Low $22.65
Dividend Yield 0%
P/E 73.87
Volume 280.78K
Outstanding Shares 125.45M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $310.737M ▲ $54.988M ▼ $17.744M ▲ 5.71% ▲ $0.14 ▲ $32.869M ▲
Q2-2025 $280.077M ▲ $55.555M ▲ $14.707M ▲ 5.251% ▲ $0.12 ▲ $26.405M ▲
Q1-2025 $275.235M ▲ $50.335M ▼ $13.813M ▲ 5.019% ▼ $0.11 $15.689M ▼
Q4-2024 $257.877M ▲ $51.839M ▲ $13.149M ▼ 5.099% ▼ $0.11 ▼ $23.847M ▲
Q3-2024 $231.571M $48.577M $14.43M 6.231% $0.12 $21.409M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $287.908M ▲ $644.412M ▲ $107.01M ▲ $537.402M ▲
Q2-2025 $266.422M ▲ $609.523M ▲ $92.824M ▲ $516.699M ▲
Q1-2025 $245.849M ▲ $590.888M ▲ $90.493M ▼ $500.395M ▲
Q4-2024 $205.9M ▲ $576.247M ▲ $90.651M ▲ $485.596M ▲
Q3-2024 $187.542M $552.932M $84.139M $468.793M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $17.744M ▲ $35.076M ▲ $-10.071M ▼ $-3.405M ▼ $21.429M ▲ $34.973M ▲
Q2-2025 $14.707M ▲ $31.479M ▼ $-9.421M ▼ $-1.781M ▲ $20.397M ▼ $31.363M ▼
Q1-2025 $13.813M ▲ $50.441M ▲ $-8.287M ▲ $-1.892M ▼ $40.237M ▲ $41.103M ▲
Q4-2024 $13.149M ▼ $27.913M ▲ $-9.144M ▼ $182K ▲ $18.626M ▲ $18.951M ▲
Q3-2024 $14.43M $6.737M $-8.828M $-20K $-2.095M $-2.211M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Other
Other
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Payment Transaction Processing Revenue
Payment Transaction Processing Revenue
 $450.00M ▲$270.00M ▼$280.00M ▲$310.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Paymentus shows a clear growth story. Revenue has risen steadily each year, and profitability has moved from roughly break-even to solidly in the black. Gross profit and operating profit have both improved, which suggests better scale and cost control as the business grows. Earnings per share have climbed as well, indicating that the company is turning top-line growth into actual bottom-line results. The main watchpoint is whether this pace of growth and margin improvement can be sustained as the company scales and competition intensifies.

Balance Sheet

Balance Sheet The balance sheet looks conservative and relatively strong. Assets and shareholder equity have grown over time, pointing to a business that is reinvesting and building its base. Cash levels are healthy compared with the very small amount of debt, which reduces financial risk and gives the company flexibility to invest or weather downturns. Overall, it appears to be funded mainly by equity rather than borrowing, which is typically a sign of a cautious capital structure for a growing tech firm.

Cash Flow

Cash Flow Cash generation has generally kept pace with the income statement. Operating cash flow has been positive for several years, which means reported profits are backed by real cash coming in. Free cash flow has moved from slightly negative to clearly positive, helped by modest investment needs. Capital spending is present but not heavy, consistent with a software- and network-based business model. The key question is whether the company can maintain positive free cash flow while continuing to invest enough to stay ahead technologically.

Competitive Edge

Competitive Edge Paymentus operates in a crowded fintech and bill-pay area but has carved out a defensible niche. Its strength lies in a cloud-based, always-on platform and its Instant Payment Network, which links many billers, consumers, and partners like PayPal and major retailers. Deep integrations with utilities, government, and healthcare providers create sticky relationships and high switching costs, reflected in strong customer retention. The focus on non-discretionary bill payments also adds stability. Risks include rapid innovation from larger payment players and potential pricing pressure in a competitive landscape.

Innovation and R&D

Innovation and R&D The company is leaning heavily into innovation to differentiate itself. Its Instant Payment Network, omni-channel bill pay, and partnerships that even allow cash bill-pay at retail stores are notable. Paymentus is also weaving AI and machine learning into fraud detection, customer support, and payment prediction, aiming to enhance both user experience and operational efficiency. Acquisitions like Payveris and Finovera deepen its reach into banks and credit unions and strengthen its data and bill-aggregation capabilities. The main challenge is to keep turning these innovations into clear customer value while competitors pursue similar technologies.

Summary

Paymentus looks like a young but maturing fintech platform with solid growth, improving profitability, and a conservative balance sheet. Its network-driven model, deep client integrations, and AI-enabled platform give it meaningful competitive strengths, particularly in essential bill-pay markets. Cash generation is positive and trending in the right direction, giving the company room to invest without relying heavily on debt. Going forward, the big variables are how well it can keep expanding its payment network, maintain its innovation edge, and defend its niche in an increasingly competitive and fast-evolving payments landscape.

NEWS

November 25, 2025 · 4:05 PM UTC

Paymentus to Participate in Upcoming Investor Conferences in December

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November 6, 2025 · 6:00 PM UTC

Paymentus to Participate in Upcoming Investor Conferences in November

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November 3, 2025 · 4:05 PM UTC

Paymentus Reports Third Quarter 2025 Financial Results

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October 14, 2025 · 4:05 PM UTC

Paymentus to Report Third Quarter 2025 Earnings Results and Host Webcast on November 3, 2025

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