Paysign, Inc. (PAYS) Financial Statements
Industry: Business Services (Other) (Services)
In fiscal 2025, Paysign reported revenue of $82.0M, up 40.5% from $58.4M the year before. Net income was $7.6M (a 9.2% net margin), or $0.13 per diluted share. Gross margin was 59.4% and operating margin was 9.0%. Operating activities generated $52.5M of cash, leaving $51.2M of free cash flow. At fiscal year end, Paysign held $276.3M in total assets against $227.8M in total liabilities.
Open the full interactive Paysign financials → Quarterly statements, key ratios, valuation history and price charts.
Paysign Key Stats
| Share Price | $15.48 |
|---|---|
| Market Cap | $959.4M |
| P/E Ratio | 119.1 |
| Revenue YoY Growth | +40.5% |
| 52-Week Range | $3.18 – $15.48 |
| Shares Outstanding | 55.9 million (basic, 2026 Q2) |
Paysign Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $24.1M | $29.5M | $38.0M | $47.3M | $58.4M | $82.0M |
| Cost of Goods Sold | — | $14.8M | $17.1M | $23.1M | $26.2M | $33.3M |
| Gross Profit | $9.3M | $14.7M | $21.0M | $24.1M | $32.2M | $48.7M |
| Operating Income | -$8.3M | -$2.7M | $344,335 | -$167,255 | $1.0M | $7.4M |
| Pre-Tax Income | -$8.2M | -$2.7M | $1.1M | $2.4M | $4.1M | $10.0M |
| Income Tax | $894,182 | $10,198 | $107,477 | -$4.1M | $322,290 | $2.5M |
| Net Income | -$9.1M | -$2.7M | $1.0M | $6.5M | $3.8M | $7.6M |
| Diluted EPS | -$0.19 | -$0.05 | $0.02 | $0.12 | $0.07 | $0.13 |
Paysign Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $21.6M | $22.8M | $28.0M | $28.3M |
| Net Income | $2.2M | $1.4M | $5.4M | $6.8M |
| Diluted EPS | $0.04 | $0.02 | $0.09 | $0.11 |
Paysign Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | — | $7.4M | — | — | — | — |
| Current Assets | $58.0M | $74.3M | $97.7M | $129.2M | $158.8M | $240.1M |
| Total Assets | $67.8M | $84.1M | $108.2M | $146.6M | $179.0M | $276.3M |
| Current Liabilities | $50.6M | $67.4M | $88.6M | $119.2M | $146.1M | $216.3M |
| Total Long-Term Debt | — | — | — | — | — | $8.0M |
| Total Liabilities | $54.6M | $71.1M | $92.0M | $122.1M | $148.6M | $227.8M |
| Shareholders' Equity | $13.2M | $13.0M | $16.3M | $24.5M | $30.4M | $48.5M |
Paysign Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $13.8M | $15.2M | $25.3M | $27.6M | $22.9M | $52.5M |
| Cash From Investing | -$3.3M | -$2.7M | -$4.1M | -$7.0M | -$9.5M | -$10.1M |
| Cash From Financing | -$72,865 | $192,141 | $0 | -$1.1M | -$466,245 | $284,868 |
| Free Cash Flow | $12.4M | $14.9M | $25.2M | $27.4M | $22.5M | $51.2M |
Figures from Paysign's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Paysign financials page for every line item.
Paysign Company Profile
| Ticker | PAYS |
|---|---|
| Exchange | Nasdaq |
| Industry | Business Services (Other) (Services) |
| Headquarters | Henderson, Nevada |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001496443 |
Frequently Asked Questions
What was Paysign's revenue in fiscal 2025?
Paysign (PAYS) reported revenue of $82.0M for fiscal 2025.
What is Paysign's annual revenue history?
Paysign's annual revenue by fiscal year: 2020: $24.1M; 2021: $29.5M; 2022: $38.0M; 2023: $47.3M; 2024: $58.4M; 2025: $82.0M.
What was Paysign's net income in fiscal 2025?
Paysign reported net income of $7.6M for fiscal 2025.
What was Paysign's earnings per share (EPS) in fiscal 2025?
Paysign's diluted EPS was $0.13 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Paysign generate in fiscal 2025?
Paysign generated $51.2M of free cash flow in fiscal 2025.
What was Paysign's revenue last quarter?
In its most recent reported quarter (2026 Q2), Paysign reported revenue of $28.3M.
How much debt does Paysign have?
Paysign reported $8.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Paysign are outstanding?
Paysign reported a weighted average of 55.9 million basic shares outstanding in 2026 Q2.
What is Paysign's market cap?
Based on its latest closing price, Paysign (PAYS) has a market capitalization of about $959.4M.
When does Paysign's fiscal year end?
Paysign's fiscal year end, as registered with the SEC, is December 31.
Where is Paysign headquartered?
Paysign lists its business address in Henderson, Nevada in its SEC filings.