Paymentus Holdings, Inc. Leases Disclosure
7. Leases
The Company enters into operating and finance leases, primarily related to rental of office space, equipment and data centers. Operating leases have remaining lease terms which range from less than one year to five years, and often include one or more renewal or termination options. These options are not included in the determination of the lease term at commencement unless it is reasonably certain that the Company will exercise the option.
The components of lease cost were as follows (in thousands):
|
Year Ended December 31, |
|
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|
2025 |
|
2024 |
|
2023 |
|
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Lease costs: |
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|
|
|
|
|
|||
Finance lease costs: |
|
|
|
|
|
|
|||
Amortization of right-of-use-assets |
|
— |
|
|
— |
|
|
66 |
|
Total finance lease costs |
|
— |
|
|
— |
|
|
66 |
|
Operating lease costs |
$ |
2,354 |
|
$ |
2,389 |
|
$ |
2,150 |
|
Short-term lease costs |
|
489 |
|
|
631 |
|
|
707 |
|
Total lease costs |
$ |
2,843 |
|
$ |
3,020 |
|
$ |
2,923 |
|
Supplemental cash flow information related to leases was as follows (in thousands):
|
Year Ended December 31, |
|
|||||||
|
2025 |
|
2024 |
|
2023 |
|
|||
Cash paid for amounts included in the measurement of lease liabilities |
|
|
|
|
|
|
|||
Operating cash flows for operating leases |
$ |
2,494 |
|
$ |
2,361 |
|
$ |
2,152 |
|
Financing cash flows for finance leases |
|
— |
|
|
— |
|
|
102 |
|
Right-of-use assets obtained in exchange of operating lease obligations |
$ |
510 |
|
$ |
467 |
|
$ |
2,132 |
|
The total remaining lease payments under non-cancelable operating leases as of December 31, 2025 were as follows (in thousands):
Year Ending December 31, |
|
|
|
2026 |
|
2,571 |
|
2027 |
|
1,621 |
|
2028 |
|
1,179 |
|
2029 |
|
913 |
|
2030 |
|
861 |
|
Thereafter |
|
141 |
|
Total minimum lease payments including interest |
$ |
7,286 |
|
Less imputed interest |
|
(432 |
) |
Total lease liabilities |
$ |
6,854 |
|
As of December 31, 2025, and 2024, the weighted-average remaining lease term and discount rate for the Company’s operating leases were 5.0 years and 3.8%, and 4.6 years and 3.8%, respectively.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Mar 11, 2025 | |
| 2023 | Mar 5, 2024 | |
| 2022 | Mar 3, 2023 | |
| 2021 | Mar 3, 2022 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.