Paysign (PAYS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Paysign

NasdaqCM•Technology•Software - Infrastructure

$13.01-0.33(-0.02%)Pre-market

Market Cap

$693.83M

P/E

44.0x

P/S

6.9x

P/B

11.5x

Paysign, Inc. provides prepaid card programs, patient affordability offerings, digital banking, life science software technology solutions, and integrated payment processing services for businesses, consumers, and government institutions in the United States. 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. It markets its prepaid card solutions under the Paysign brand name. The company 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.

How this company scores

ExcellentMetricSide Score: 90/100

Strongest: Profitability (25/25); weakest: Cash & Earnings Quality (21/25).

Profitability25/25

Growth23/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality21/25

Strengths

Growing revenueStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 44.0x5y range 18.6x – 540.2x

Currently near its 16-quarter median.

P/S · 6.9x5y range 1.8x – 8.0x

Currently above its 20-quarter median.

P/B · 11.5x5y range 2.9x – 18.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $693.83M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $100.64M
Q. Revenue: $28.25M
TTM EBITDA: $26.49M
TTM Op. Income: $17.12M
Q. Op. Income: $7.01M
TTM Net Income: $15.77M
Q. Net Income: $6.76M
EPS: $0.12
Shares Out.: $55.86M

$100.64M in TTM revenue grew 46.8% YoY, reaching $28.25M last quarter. TTM EBITDA of $26.49M and TTM operating income of $17.12M show growth is flowing through to the bottom line. TTM net income of $15.77M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 63.3%
EBITDA Margin: 33.1%
Op. Margin: 24.8%
Net Margin: 23.9%

Op. margin of 24.8% is up 17.3% YoY — cost efficiency is improving. Net margin at 23.9% and gross margin of 63.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 44.0x
P/S Ratio: 6.9x
P/B Ratio: 11.5x

At 44.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 6.9x and P/B of 11.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 24% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $316.99M
Cash: $176.48M
Long-Term Debt: $3.56M
Book Value: $60.16M
D/E Ratio: 0.1
Debt/EBITDA: 0.4

With $316.99M in assets and $3.56M in long-term debt, D/E is 0.1and book value is $60.16M — a conservative capital structure with a cushion to weather downturns. Across the last 6 quarters, debt/equity has fallen for 5 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.30M
TTM Free Cash Flow: $73.51M
FCF Margin: 73.0%
FCF / Net Income: 4.7

TTM FCF of $73.51M on $1.30M in operating cash flow. The FCF / Net Income ratio of 4.7x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 950% — a weakening trend.