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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% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 38.03 | 47.27 | 58.38 | 82.03 |
| Operating Revenue | - | 37.74 | 46 | 56.53 | 79.50 |
| 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 |
| Selling General And Administration | - | 17.70 | 20.28 | 25.18 | 33.04 |
| Total Expenses | - | 37.69 | 47.44 | 57.36 | 74.67 |
| Operating Income | - | 0.34 | -0.17 | 1.02 | 7.36 |
| Total Operating Income As Reported | - | 0.34 | -0.17 | 1.02 | 7.36 |
| EBITDA | - | 3.25 | 3.86 | 7.02 | 15.68 |
| Normalized EBITDA | - | 3.25 | 3.86 | 7.02 | 15.68 |
| EBIT | - | 0.34 | -0.17 | 1.02 | 7.36 |
| Interest Income | - | 0.79 | 2.53 | 3.12 | 2.67 |
| Net Interest Income | - | 0.79 | 2.53 | 3.12 | 2.67 |
| Interest Income Non Operating | - | 0.79 | 2.53 | 3.12 | 2.67 |
| Net Non Operating Interest Income Expense | - | 0.79 | 2.53 | 3.12 | 2.67 |
| Pretax Income | - | 1.14 | 2.36 | 4.14 | 10.03 |
| Tax Provision | - | 0.11 | -4.09 | 0.32 | 2.48 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 1.03 | 6.46 | 3.82 | 7.55 |
| Net Income From Continuing And Discontinued Operation | - | 1.03 | 6.46 | 3.82 | 7.55 |
| Net Income From Continuing Operation Net Minority Interest | - | 1.03 | 6.46 | 3.82 | 7.55 |
| Net Income | - | 1.03 | 6.46 | 3.82 | 7.55 |
| Net Income Common Stockholders | - | 1.03 | 6.46 | 3.82 | 7.55 |
| Net Income Including Noncontrolling Interests | - | 1.03 | 6.46 | 3.82 | 7.55 |
| Normalized Income | - | 1.03 | 6.46 | 3.82 | 7.55 |
| Diluted NI Availto Com Stockholders | - | 1.03 | 6.46 | 3.82 | 7.55 |
| Basic Average Shares | - | 52.05 | 52.49 | 53.21 | 54.43 |
| Diluted Average Shares | - | 52.93 | 54.16 | 55.59 | 59.65 |
| Reconciled Depreciation | - | 2.91 | 4.03 | 5.99 | 8.32 |
| Reconciled Cost Of Revenue | - | 17.08 | 23.14 | 26.19 | 33.31 |
| Total Unusual Items | 0 | - | - | - | - |
| Total Unusual Items Excluding Goodwill | 0 | - | - | - | - |
| Special Income Charges | 0 | - | - | - | - |
| Impairment Of Capital Assets | 0 | - | - | - | - |
| 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 |
| Gain On Sale Of Ppe | 0 | - | - | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Paysign, Inc.this co. | PAYS | $390M | 51.60↑ premium | 8.04 | 15.6% | 23.89 |
| Alight, Inc. | ALIT | $406M | -0.13 | 0.39 | -296.6% | -0.88 |
| M-tron Industries, Inc. | MPTI | $400M | 47.30 | 6.32 | 13.4% | 33.29 |
| IBEX Limited | IBEX | $399M | 10.83 | 2.97 | 27.4% | 7.00 |
| Yext, Inc. | YEXT | $397M | 10.48 | 2.49 |
| - |
| - |
| - |
| - |
| 23.8% |
| 5.01 |
| Palladyne AI Corp. | PDYN | $386M | 38.40 | 5.16 | 13.4% | -12.07 |
| Rimini Street, Inc. | RMNI | $384M | 10.35 | -14.21 | -137.3% | 5.02 |
| Xperi Inc. | XPER | $375M | -6.65 | 0.90 | -13.6% | 32.76 |
| Paysafe Limited | PSFE | $374M | -2.05 | 0.57 | -27.9% | 8.16 |
| Peer Median | - | 10.42 | 1.70 | -0.1% | 6.01 | |