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Paysign, Inc. provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. The company offers solutions for corporate rewards, prepaid gift cards, general-purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card and software solutions. It also operates a customer service center; and offers a communication suite, including mobile app, two-way SMS, text alerts, and cardholder web portal. The company markets its prepaid card solutions under the Paysign brand. It serves companies and municipalities that require payment solutions for rewards, rebates, payment assistance, and other payments to their customers, employees, agents, and others. Paysign, Inc. was founded in 2001 and is headquartered in Henderson, Nevada.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $82M | $16M | $8M | $44M | 15.6% | 40.5% | 97.9% |
| 2024 | $58M | $7M | $4M | $13M | 12.5% | 23.5% | -40.9% |
| 2023 | $47M | $4M | $6M | $21M | 26.4% | 24.3% | 528.4% |
| 2022 | $38M | $3M | $1M | $21M | 6.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 38.03 | 47.27 | 58.38 | 82.03 |
| Cost Of Revenue | 17.08 | 23.14 | 26.19 | 33.31 |
| Gross Profit | 20.95 | 24.14 | 32.20 | 48.72 |
| Operating Expense | 20.61 | 24.30 | 31.18 | 41.35 |
| Operating Income | 0.34 | -0.17 | 1.02 | 7.36 |
| EBITDA | 3.25 | 3.86 | 7.02 | 15.68 |
| EBIT | 0.34 | -0.17 | 1.02 | 7.36 |
| Pretax Income | 1.14 | 2.36 | 4.14 | 10.03 |
| Tax Provision | 0.11 | -4.09 | 0.32 | 2.48 |
| Net Income | 1.03 | 6.46 | 3.82 | 7.55 |
| Net Income Common Stockholders | 1.03 | 6.46 | 3.82 | 7.55 |
| Total Expenses | 37.69 | 47.44 | 57.36 | 74.67 |
| Interest Income | 0.79 | 2.53 | 3.12 | 2.67 |
| Selling General And Administration | 17.70 | 20.28 | 25.18 | 33.04 |
| Normalized EBITDA | 3.25 | 3.86 | 7.02 | 15.68 |
| Normalized Income | 1.03 | 6.46 | 3.82 | 7.55 |
| Basic EPS | 0.02 | 0.12 | 0.07 | 0 |
| Diluted EPS | 0.02 | 0.12 | 0.07 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.10 | 0.21 | 0.08 | 0.25 |
| Total Unusual Items | 0 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 1.03 | 6.46 | 3.82 | 7.55 |
| Reconciled Depreciation | 2.91 | 4.03 | 5.99 | 8.32 |
| Reconciled Cost Of Revenue | 17.08 | 23.14 | 26.19 | 33.31 |
| Net Interest Income | 0.79 | 2.53 | 3.12 | 2.67 |
| Net Income From Continuing And Discontinued Operation | 1.03 | 6.46 | 3.82 | 7.55 |
| Total Operating Income As Reported | 0.34 | -0.17 | 1.02 | 7.36 |
| Diluted Average Shares | 52.93 | 54.16 | 55.59 | 0 |
| Basic Average Shares | 52.05 | 52.49 | 53.21 | 0 |
| Diluted NI Availto Com Stockholders | 1.03 | 6.46 | 3.82 | 7.55 |
| Net Income Including Noncontrolling Interests | 1.03 | 6.46 | 3.82 | 7.55 |
| Net Income Continuous Operations | 1.03 | 6.46 | 3.82 | 7.55 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Gain On Sale Of Ppe | 0 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | 0.79 | 2.53 | 3.12 | 2.67 |
| Interest Income Non Operating | 0.79 | 2.53 | 3.12 | 2.67 |
| Depreciation Amortization Depletion Income Statement | 2.91 | 4.03 | 5.99 | 8.32 |
| Depreciation And Amortization In Income Statement | 2.91 | 4.03 | 5.99 | 8.32 |
| Operating Revenue | 37.74 | 46 | 56.53 | 79.50 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Paysign, Inc.this co. | PAYS | $364M | 50.69↑ premium | 7.49 | 15.6% | 22.59 |
| Cerence Inc. | CRNC | $384M | 427.00 | 2.56 | -12.4% | 7.54 |
| Yext, Inc. | YEXT | $379M | 54.14 | 2.92 | 23.8% | 20.26 |
| IBEX Limited | IBEX | $376M | 9.28 | 2.43 | 27.4% | 5.70 |
| NVE Corporation | NVEC | $376M | 26.61 | 6.45 |
| 24.2% |
| 22.56 |
| Blend Labs, Inc. | BLND | $365M | - | -11.93 | 26.4% | -22.14 |
| Rackspace Technology, Inc. | RXT | $363M | - | -0.30 | 18.5% | 15.23 |
| Sprout Social, Inc. | SPT | $356M | - | 1.73 | -21.3% | -10.43 |
| Aeluma, Inc. | ALMU | $346M | - | 8.46 | -16.9% | -60.91 |
| Peer Median | - | 40.37 | 2.49 | 21.1% | 6.62 | |