PAYS (PAYS) financial statements
PAYS reported revenue of $82M in fiscal 2025, up 25.8% a year over 9 years.
Net income was $8M and the operating margin 9.0%, against 13.0% in 2016.
Free cash flow was $44M, and the company returned $375,786 in net buybacks.
The diluted share count rose 36% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PAYS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10M | $15M | $23M | $35M | $24M | $29M | $38M | $47M | $58M | $82M |
| Cost of revenue | $6M | $9M | $12M | $15M | $15M | $15M | $17M | $23M | $26M | $33M |
| Gross profit | $5M | $7M | $11M | $19M | $9M | $15M | $21M | $24M | $32M | $49M |
| Selling, general and admin | $3M | $4M | $8M | $12M | $15M | $15M | $18M | $20M | $25M | $33M |
| Operating income | $1M | $2M | $2M | $6M | -$8M | -$3M | $344,335 | -$167,255 | $1M | $7M |
| Interest expense | $77,107 | $31,623 | — | — | — | — | — | — | — | — |
| Pre-tax income | $1M | $2M | $3M | $7M | -$8M | -$3M | $1M | $2M | $4M | $10M |
| Income tax | $0 | $6,000 | $0 | -$909,976 | $894,182 | $10,198 | $107,477 | -$4M | $322,290 | $2M |
| Net income | $1M | $2M | $3M | $7M | -$9M | -$3M | $1M | $6M | $4M | $8M |
| EPS (diluted) | $0.03 | $0.04 | $0.05 | $0.14 | -$0.19 | -$0.05 | $0.02 | $0.12 | $0.07 | $0.13 |
| Diluted shares | 44M | 48M | 52M | 55M | 49M | 51M | 53M | 54M | 56M | 60M |
| Gross margin | 43.6% | 44.0% | 48.7% | 55.5% | 38.6% | 49.9% | 55.1% | 51.1% | 55.1% | 59.4% |
| Operating margin | 13.0% | 11.6% | 10.6% | 17.6% | -34.6% | -9.3% | 0.9% | -0.4% | 1.7% | 9.0% |
| Net margin | 13.4% | 11.8% | 11.0% | 21.5% | -37.9% | -9.2% | 2.7% | 13.7% | 6.5% | 9.2% |
Balance sheet
Fiscal years, from PAYS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $3M | $6M | $10M | $8M | $7M | $10M | $17M | $11M | $21M |
| Receivables | $110,269 | $165,523 | $337,303 | $891,936 | $512,097 | $3M | $5M | $16M | $33M | $72M |
| Total current assets | $12M | $18M | $33M | $48M | $58M | $74M | $98M | $129M | $159M | $240M |
| Property, plant and equipment | $300,761 | $854,402 | $883,490 | $937,185 | $2M | $2M | $1M | $1M | $1M | $2M |
| Goodwill | — | — | — | — | — | — | — | — | $0 | $4M |
| Total assets | $14M | $20M | $36M | $54M | $68M | $84M | $108M | $147M | $179M | $276M |
| Total current liabilities | $11M | $16M | $27M | $34M | $51M | $67M | $89M | $119M | $146M | $216M |
| Long-term debt | $27,892 | $0 | — | — | — | — | — | — | $0 | $6M |
| Total liabilities | $11M | $16M | $27M | $34M | $55M | $71M | $92M | $122M | $149M | $228M |
| Shareholders' equity | $3M | $5M | $9M | $19M | $13M | $13M | $16M | $24M | $30M | $48M |
| Net debt | -$2M | -$3M | -$6M | -$10M | -$8M | -$7M | -$10M | -$17M | -$11M | -$13M |
Cash flow
Fiscal years, from PAYS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4M | $7M | $16M | $17M | $14M | $15M | $25M | $28M | $23M | $52M |
| Capital spending | $109,865 | $707,224 | $257,062 | $2M | $3M | $3M | $4M | $7M | $9M | $8M |
| Free cash flow | $4M | $6M | $16M | $15M | $11M | $13M | $21M | $21M | $14M | $44M |
| Stock-based compensation | $92,939 | $308,696 | $1M | $3M | $3M | $2M | $2M | $3M | $3M | $4M |
| Share buybacks (net) | — | — | — | — | — | — | $0 | -$1M | -$495,045 | -$375,786 |
| Free cash flow margin | 39.3% | 42.3% | 67.2% | 42.6% | 43.6% | 42.8% | 56.3% | 43.5% | 23.3% | 54.2% |
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Open PAYS in InvestinglyQuestions
What was PAYS's revenue in 2025?
$82M in fiscal 2025, from its 10-K filing.
How much free cash flow does PAYS generate?
$44M in fiscal 2025 (operating cash flow minus capital spending).
From PAYS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.