Paymentus (PAY) financial statements
Paymentus reported revenue of $1.2B in fiscal 2025, up 31.1% a year over 6 years.
Net income was $67M and the operating margin 6.3%, against 7.8% in 2019.
Free cash flow was $125M.
The diluted share count rose 21% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Paymentus's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $236M | $302M | $396M | $497M | $614M | $872M | $1.2B |
| Cost of revenue | $161M | $209M | $274M | $347M | $432M | $634M | $900M |
| Gross profit | $74M | $93M | $121M | $150M | $182M | $238M | $296M |
| Research and development | $18M | $25M | $34M | $41M | $44M | $51M | $61M |
| Selling, general and admin | $38M | $50M | $77M | $111M | $120M | $142M | $159M |
| Operating income | $18M | $18M | $10M | -$3M | $18M | $45M | $76M |
| Pre-tax income | $18M | $18M | $10M | -$1M | $25M | $54M | $85M |
| Income tax | $5M | $5M | $1M | -$795,000 | $3M | $10M | $18M |
| Net income | $14M | $14M | $9M | -$513,000 | $22M | $44M | $67M |
| EPS (diluted) | $0.08 | $0.08 | $0.06 | $0.00 | $0.18 | $0.35 | $0.52 |
| Diluted shares | 106M | 106M | 119M | 122M | 125M | 128M | 129M |
| Gross margin | 31.6% | 30.7% | 30.7% | 30.1% | 29.7% | 27.3% | 24.8% |
| Operating margin | 7.8% | 6.1% | 2.6% | -0.6% | 2.9% | 5.1% | 6.3% |
| Net margin | 5.8% | 4.5% | 2.4% | -0.1% | 3.6% | 5.1% | 5.6% |
Balance sheet
Fiscal years, from Paymentus's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $27M | $47M | $168M | $147M | $179M | $206M | $321M |
| Total current assets | — | $80M | $256M | $229M | $270M | $346M | $441M |
| Property, plant and equipment | — | $2M | $2M | $2M | $2M | $1M | $877,000 |
| Goodwill | $13M | $13M | $129M | $132M | $132M | $132M | $132M |
| Total assets | — | $125M | $473M | $462M | $505M | $576M | $668M |
| Total current liabilities | — | $31M | $74M | $51M | $63M | $82M | $99M |
| Total liabilities | — | $40M | $87M | $64M | $75M | $91M | $107M |
| Shareholders' equity | $69M | $84M | $386M | $397M | $430M | $486M | $560M |
| Net debt | -$27M | -$47M | -$168M | -$147M | -$179M | -$206M | -$321M |
Cash flow
Fiscal years, from Paymentus's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $18M | $36M | $19M | $20M | $69M | $64M | $162M |
| Capital spending | $11M | $15M | $20M | $31M | $34M | $37M | $37M |
| Free cash flow | $6M | $21M | -$786,000 | -$11M | $35M | $27M | $125M |
| Stock-based compensation | $2M | $2M | $3M | $7M | $9M | $11M | $19M |
| Free cash flow margin | 2.7% | 6.9% | -0.2% | -2.2% | 5.6% | 3.1% | 10.4% |
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Open PAY in InvestinglyQuestions
What was Paymentus's revenue in 2025?
$1.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Paymentus generate?
$125M in fiscal 2025 (operating cash flow minus capital spending).
From Paymentus's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.