Paymentus Holdings, Inc.

Listed Company

PAYCIK 0001841156NYSELarge AcceleratedServices-Business Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.20B

Net Income

$66.94M

Total Assets

$667.88M

Equity

$560.39M

Shares Out

Op. Cash Flow

$162.13M

Business

Paymentus Holdings, Inc. provides cloud-based electronic bill payment technology and solutions for billers, financial institutions and partners. Its offerings include a SaaS biller platform with omni-channel payment processing, electronic bill presentment, consumer engagement, analytics, AI/ML-driven intelligence, and the Instant Payment Network® (IPN) that connects partners to its biller network. Key business roles include serving billers, financial institutions, software and strategic partners, and IPN partners through APIs, iFrames and fully hosted deployments. It distributes services primarily in the United States through direct sales, software and strategic partnerships, resellers, and large consumer-facing IPN partners across online, mobile, IVR, retail and in-person channels.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	1,197	872	614	497	396
Cost of revenue	900	634	432	347	274
Gross profit	296	238	182	150	121
Research and development	61	51	44	41	34
Sales and marketing	112	105	84	73	44
General and administrative	47	37	36	38	33
Total operating expenses	221	193	164	153	111
Income from operations	76	45	18	−3	10
Interest income	10	9	7	2	−6,000
Other income	229,000	345,000	12,000	5,000	—
Income before income taxes	85	54	25	−1	10
Provision for income taxes	18	10	3	795,000	−1
Net income	67	44	22	−513,000	9
Basic (per share)	0.53	0.36	0.18	0	0.06
Diluted (per share)	0.52	0.35	0.18	0	0.06
Basic (shares)	125	124	124	122	113
Diluted (shares)	129	128	125	122	119
Foreign currency translation adjustments, net of tax	−194,000	−320,000	109,000	−190,000	−48,000
Comprehensive income	67	44	22	−703,000	9

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	321	206	179	147	168
Restricted cash and cash equivalents	4	4	4	2	0
Accounts and other receivables, net of allowance for expected credit losses of $452 and $257, respectively	102	120	76	68	44
Income tax receivable	1	3	259,000	1	2
Prepaid expenses and other assets	13	13	11	10	8
Total current assets	441	346	270	229	256
Property and equipment, net	877,000	1	2	2	2
Capitalized internal-use software development costs, net	71	67	59	46	31
Intangible assets, net	12	19	27	36	42
Goodwill	132	132	132	132	129
Operating lease right-of-use assets	6	8	10	10	8
Deferred tax asset	314,000	367,000	94,000	116,000	163,000
Prepaid expenses and other assets, less current portion	4	3	5	—	—
Total assets	668	576	505	462	473
Accounts payable	64	50	35	29	25
Accrued and other liabilities	28	26	—	—	—
Current portion of operating lease liabilities	2	2	2	1	1
Contract liabilities	3	3	4	4	2
Income tax payable	1	190,000	363,000	635,000	122,000
Total current liabilities	99	82	63	51	74
Operating lease liabilities, less current portion	5	6	9	9	6
Contract liabilities, less current portion	3	3	3	3	2
Accrued and other liabilities, less current portion	683,000	0	—	—	—
Total liabilities	107	91	75	64	87
Additional paid-in capital	398	390	378	368	356
Accumulated other comprehensive loss	−427,000	−233,000	87,000	−22,000	168,000
Retained earnings	163	96	52	29	30
Total stockholders equity	560	486	430	397	386
Total liabilities and stockholders' equity	668	576	505	462	473

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	67	44	22	−513,000	9
Depreciation and amortization	41	36	31	24	13
Deferred income taxes	50,000	−1	414,000	−3	−660,000
Stock-based compensation	19	11	9	7	3
Amortization of capitalized warrants cost	2	2	2	1	—
Non-cash lease expense	2	2	2	2	2
Amortization of capitalized contract acquisition cost	2	2	1	827,000	—
Provision for expected credit losses	268,000	66,000	88,000	499,000	106,000
Other non-cash adjustments	0	−213,000	0	0	—
Accounts and other receivables	17	−44	−9	−25	−15
Prepaid expenses and other assets	−6	−3	−1	1	1
Accounts payable	14	14	6	5	7
Accrued and other liabilities	2	7	6	3	−44,000
Operating lease liabilities	−2	−2	−2	−2	−2
Contract liabilities	1	−1	−361,000	3	474,000
Income taxes receivable, net of payable	3	−3	957,000	2	−827,000
Net cash provided by operating activities	162	64	69	20	19
Purchases of property and equipment	−361,000	−457,000	−600,000	−1	−979,000
Purchases of interest-bearing deposits	−3	−4	0	0	—
Proceeds from matured interest-bearing deposits	3	4	0	0	—
Capitalized internal-use software development costs	−37	−36	−34	−30	−19
Net cash used in investing activities	−37	−37	−34	−35	−78
Proceeds from exercise of stock-based awards	162,000	338,000	616,000	1	315,000
Payments of taxes withheld on net settled vesting of restricted stock units	−11	0	0	—	—
Settlement of holdback liability related to prior acquisitions	0	−545,000	0	0	—
Payments on other financing obligations	0	0	−2	−5	−5
Payments on finance leases	0	0	−102,000	−268,000	−272,000
Net cash used in financing activities	−11	−207,000	−1	−37	213
Effect of exchange rate changes on Cash and cash equivalents and Restricted cash	95,000	−450,000	176,000	−168,000	−8,000
Net increase in cash, cash equivalents and Restricted cash	115	26	34	−52	155
Cash paid for income taxes, net of refunds	15	14	1	672,000	2
Issuance of warrant and change in estimate of warrants expected to vest	0	803,000	0	4	5

Filings

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