PAYSPaysign, Inc.
Services-Business Services, NEC
- Revenue
- $82M
- 40% YoY
- Operating margin
- 9.0%
- 413% YoY
- EBITDA
- $16M
- 123% YoY
- Market cap
- $786M
- Employees
- —
- Net debt / EBITDA
- -0.2×
- −$4M net debt
- AI in 10-K
- 1.6
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo695% of net incomeCash flow under 80% of net income
- Dilutive SBCNo5% of revenueOver 10% of revenue
- Payouts exceed cash flowNo1% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo92% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.6 per 10K words · 49th pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 0.2× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedYes$786M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$8M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $29M | $38M | $47M | $58M | $82M | 40% |
| Operating income | −$3M | $344K | −$167K | $1M | $7M | 621% |
| Net income | −$3M | $1M | $6M | $4M | $8M | 98% |
| Operating cash flow | $15M | $25M | $28M | $23M | $52M | 129% |
| Capex | $329K | $105K | $263K | $435K | $1M | 178% |
| Stock-based comp | $2M | $2M | $3M | $3M | $4M | 64% |
| Buybacks | — | $0 | $1M | $495K | $376K | 24% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $8M · 20
- Net
- −$8M
Pay vs performance
No pay-versus-performance disclosure yet.