PAY Class A Paymentus Holdings, Inc. Class A Common Stock
NYSE · Financial Services · View on SEC EDGAR ↗ 10-K/10-Q Aug 4, 2026
$33.35
· of 52w range
· above low
· to high
$20.1152w low
$45.3152w high
P/E (TTM)
50.5
EPS (TTM)
$0.66
Revenue (TTM)
$1.36B
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52W Range
$20–$45
Analyst Rating
BUY
Price Target
$40
P/E
50.5
ROE
15.0%
Net Profit Margin
6.2%
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PAY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$33.35
P/E (TTM)
50.5
EPS (TTM)
$0.66
Revenue (TTM)
$1.36B
ROE (TTM)
15.0%
52W Range
$20–$45
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$1.20B2019-12-31 → 2025-12-31
EPS$0.522019-12-31 → 2025-12-31
Free Cash Flow$162M2021-12-31 → 2025-12-31
Net margin6.2%2021-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | PAY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 50.55Y avg ≈209.1 | ≈209.1 | 18.3 | Overvalued | |
| PEG Ratio | ≈1.1 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | PAY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 24.9%5Y avg ≈28.5% | ≈28.5% | · | · | |
| Operating Margin (TTM) | 7.6%5Y avg ≈3.3% | ≈3.3% | 13.8% | Weak | |
| EBITDA Margin (TTM) | 10.5%5Y avg ≈7.4% | ≈7.4% | 16.4% | Weak | |
| Pretax Margin (TTM) | 8.4%5Y avg ≈4.0% | ≈4.0% | 12.1% | Weak | |
| Net Profit Margin (TTM) | 6.2%5Y avg ≈3.3% | ≈3.3% | 10.7% | Below avg | |
| ROA (TTM) | 12.7%5Y avg ≈5.3% | ≈5.3% | 5.3% | Top tier | |
| ROE (TTM) | 15.0%5Y avg ≈5.9% | ≈5.9% | 24.2% | Weak | |
| ROIC | 10.6%5Y avg ≈4.8% | ≈4.8% | 11.9% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | PAY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 4.95Y avg ≈4.2 | ≈4.2 | 1.3 | Strong liquidity | |
| Quick Ratio | 3.25Y avg ≈2.8 | ≈2.8 | 0.7 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | PAY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 37.2%5Y avg ≈31.9% | ≈31.9% | · | · | |
| Revenue CAGR 3Y | 34.0%5Y avg ≈30.3% | ≈30.3% | · | · | |
| Revenue CAGR 5Y | 31.7% | · | · | · | |
| EPS YoY | 48.6%5Y avg ≈39.3% | ≈39.3% | · | · | |
| Net Income YoY | 51.5%5Y avg ≈39.1% | ≈39.1% | · | · | |
| EPS CAGR 3Y | 80.0% | · | · | · | |
| EPS CAGR 5Y | 45.4% | · | · | · | |
| Net Income CAGR 3Y | 68.1% | · | · | · | |
| Net Income CAGR 5Y | 37.3% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | PAY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.95Y avg ≈1.4 | ≈1.4 | 0.8 | Top tier | |
| Revenue / Employee | ≈$892.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
20.8%
Next Report
Nov 02, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 3, 2026 | $0.25 | $0.19 | 31.2% |
| March 31, 2026 | $0.21 | $0.17 | 21.0% | |
| Dec. 31, 2025 | $0.20 | $0.17 | 20.6% | |
| Sept. 30, 2025 | $0.20 | $0.15 | 33.8% | |
| June 30, 2025 | $0.15 | $0.14 | 8.7% | |
| March 31, 2025 | $0.14 | $0.13 | 9.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $872M | $614M | $497M | $396M | $302M | $236M | |
| Cost of Revenue | $900M | $634M | $432M | $347M | $274M | $209M | $161M | |
| Gross Profit | $296M | $238M | $182M | $150M | $121M | $93M | $74M | |
| R&D Expense | $61M | $51M | $44M | $41M | $34M | $25M | $18M | |
| SG&A Expense | $47M | $37M | $36M | $38M | $33M | $18M | $10M | |
| Operating Expenses | $221M | $193M | $164M | $153M | $111M | $74M | $56M | |
| Operating Income | $76M | $45M | $18M | $-3M | $10M | $18M | $18M | |
| Other Non-op | $229.0K | $345.0K | $12.0K | $5.0K | · | · | · | |
| Pretax Income | $85M | $54M | $25M | $-1M | $10M | $18M | $18M | |
| Income Tax | $18M | $10M | $3M | $-795.0K | $1M | $5M | $5M | |
| Net Income | $67M | $44M | $22M | $-513.0K | $9M | $14M | $14M | |
| EPS (Basic) | $0.53 | $0.36 | $0.18 | $0.00 | $0.06 | $0.08 | $0.09 | |
| EPS (Diluted) | $0.52 | $0.35 | $0.18 | $0.00 | $0.06 | $0.08 | $0.08 | |
| Shares (Basic) | 125,246,892 | 124,372,031 | 123,511,608 | 122,099,437 | 112,763,261 | 103,479,239 | 103,469,238 | |
| Shares (Diluted) | 129,113,684 | 127,714,622 | 125,071,829 | 122,099,437 | 118,821,925 | 106,207,883 | 106,350,473 | |
| EBITDA | $117M | $81M | $49M | $21M | $24M | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $321M | $206M | $179M | $147M | $168M | $47M | · | |
| Prepaid Expense | $13M | $13M | $11M | $10M | $8M | $3M | · | |
| Current Assets | $441M | $346M | $270M | $229M | $256M | $80M | · | |
| PP&E (Net) | $877.0K | $1M | $2M | $2M | $2M | $2M | · | |
| PP&E (Gross) | $9M | $8M | $8M | $8M | $7M | $6M | · | |
| Accum. Depreciation | $8M | $7M | $7M | $6M | $5M | $4M | · | |
| Goodwill | $132M | $132M | $132M | $132M | $129M | $13M | $13M | |
| Intangibles | $12M | $19M | $27M | $36M | $42M | $296.0K | · | |
| Other Non-current Assets | · | · | $5M | $7M | $4M | $218.0K | · | |
| Total Assets | $668M | $576M | $505M | $462M | $473M | $125M | · | |
| Accounts Payable | $64M | $50M | $35M | $29M | $25M | $17M | · | |
| Accrued Liabilities | $28M | $26M | $21M | $16M | $12M | $10M | · | |
| Current Liabilities | $99M | $82M | $63M | $51M | $74M | $31M | · | |
| Capital Leases | $5M | $6M | $9M | $9M | $6M | $5M | · | |
| Deferred Tax | · | $0 | $1M | $680.0K | $3M | $3M | · | |
| Total Liabilities | $107M | $91M | $75M | $64M | $87M | $40M | · | |
| Common Stock | · | · | · | · | · | $517.0K | · | |
| Retained Earnings | $163M | $96M | $52M | $29M | $30M | $55M | · | |
| Treasury Stock | · | · | · | · | $0 | $579.0K | · | |
| AOCI | $-427.0K | $-233.0K | $87.0K | $-22.0K | $168.0K | $216.0K | · | |
| Stockholders' Equity | $560M | $486M | $430M | $397M | $386M | $84M | $69M | |
| Liabilities + Equity | $668M | $576M | $505M | $462M | $473M | $125M | · | |
| Shares Outstanding | · | · | · | · | 0 | 103,479,239 | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $41M | $36M | $31M | $24M | $13M | $8M | $6M | |
| Stock-based Comp | $19M | $11M | $9M | $7M | $3M | $2M | $2M | |
| Deferred Tax | $50.0K | $-1M | $414.0K | $-3M | $-660.0K | $2M | $1M | |
| Amort. of Intangibles | $7M | $8M | $8M | $8M | $3M | $600.0K | $1M | |
| Other Non-cash | $35M | $-27M | $6M | $-7M | $-6M | · | · | |
| Operating Cash Flow | $162M | $64M | $69M | $20M | $19M | $36M | $18M | |
| CapEx | $361.0K | $457.0K | $600.0K | $1M | $979.0K | $458.0K | $1M | |
| Investing Cash Flow | $-37M | $-37M | $-34M | $-35M | $-78M | $-15M | $-14M | |
| Stock Issued | · | · | · | · | · | · | $59.0K | |
| Financing Cash Flow | $-11M | $-207.0K | $-1M | $-37M | $213M | $-1M | $-857.0K | |
| Net Change in Cash | $115M | $26M | $34M | $-52M | $155M | $19M | $3M | |
| Taxes Paid | $15M | $14M | $1M | $672.0K | $2M | $3M | $5M | |
| Free Cash Flow | $162M | $63M | $68M | $19M | $19M | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.8% | 27.3% | 29.7% | 30.1% | 30.7% | · | · | |
| Operating Margin | 6.3% | 5.1% | 2.9% | -0.60% | 2.6% | · | · | |
| Net Margin | 5.6% | 5.1% | 3.6% | -0.10% | 2.4% | · | · | |
| Pretax Margin | 7.1% | 6.2% | 4.1% | -0.26% | 2.6% | · | · | |
| EBITDA Margin | 9.7% | 9.3% | 7.9% | 4.2% | 6.0% | · | · | |
| ROA | 10.8% | 8.2% | 4.6% | -0.11% | 3.1% | · | · | |
| ROE | 12.4% | 9.3% | 5.3% | -0.13% | 2.4% | · | · | |
| ROIC | 10.6% | 7.6% | 3.7% | -0.29% | 2.4% | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.5 | 4.2 | 4.3 | 4.4 | 3.4 | · | · | |
| Quick Ratio | 3.2 | 2.5 | 2.9 | 2.9 | 2.3 | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.9 | 1.6 | 1.3 | 1.1 | 1.3 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $9.27 | $6.83 | $4.91 | $4.07 | $3.33 | · | · | |
| Cash Flow / Share | $1.26 | $0.50 | $0.55 | $0.16 | $0.16 | · | · | |
| EPS (TTM) | $0.52 | $0.35 | $0.18 | $0.00 | $0.06 | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 37.2% | 41.9% | 23.6% | 25.7% | 31.1% | · | · | |
| Revenue CAGR 3Y | 34.0% | 30.1% | 26.8% | · | · | · | · | |
| Revenue CAGR 5Y | 31.7% | · | · | · | · | · | · | |
| EPS YoY | 48.6% | 94.4% | · | · | -25.0% | · | · | |
| EPS CAGR 3Y | · | 80.0% | 31.0% | · | · | · | · | |
| EPS CAGR 5Y | 45.4% | · | · | · | · | · | · | |
| Net Income YoY | 51.5% | 97.9% | · | · | -32.2% | · | · | |
| Net Income CAGR 3Y | · | 68.1% | 17.6% | · | · | · | · | |
| Net Income CAGR 5Y | 37.3% | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.20B | $872M | $614M | $497M | $396M | · | · | |
| Net Income TTM | $67M | $44M | $22M | $-513.0K | $9M | · | · | |
| Market Cap | · | · | · | · | $0 | · | · | |
| P/E | 60.8 | 93.3 | 99.3 | · | 583.0 | · | · | |
| P/S | · | · | · | · | 0.0 | · | · | |
| P / Tangible Book | · | · | · | · | 0.0 | · | · | |
| P / Cash Flow | · | · | · | · | 0.0 | · | · | |
| P / FCF | · | · | · | · | 0.0 | · | · | |
| Earnings Yield | 1.7% | 1.1% | 1.0% | 0.00% | 0.17% | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $361M | $358M | $330M | $311M | $280M | $275M | $258M | $232M | $197M | $185M | $165M | $152M | $149M | $148M | $132M | $128M | |
| Cost of Revenue | $266M | $272M | $246M | $236M | $209M | $209M | $192M | $171M | $139M | $132M | $115M | $106M | $103M | $108M | $91M | $90M | |
| Gross Profit | $94M | $86M | $84M | $75M | $71M | $66M | $66M | $61M | $59M | $53M | $49M | $47M | $46M | $40M | $41M | $38M | |
| R&D Expense | $15M | $16M | $16M | $15M | $15M | $15M | $14M | $13M | $13M | $12M | $11M | $11M | $11M | $12M | $10M | $10M | |
| SG&A Expense | $13M | $13M | $13M | $14M | $11M | $9M | $10M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | |
| Operating Expenses | $62M | $60M | $60M | $55M | $56M | $50M | $52M | $49M | $49M | $44M | $40M | $42M | $41M | $41M | $40M | $39M | |
| Operating Income | $33M | $27M | $24M | $20M | $16M | $16M | $14M | $12M | $10M | $8M | $9M | $5M | $5M | $-984.0K | $2M | $-917.0K | |
| Other Non-op | $-5.0K | $8.0K | $-95.0K | $163.0K | $111.0K | $50.0K | $70.0K | $5.0K | $39.0K | $231.0K | $44.0K | $-17.0K | $-7.0K | · | · | · | |
| Pretax Income | $36M | $29M | $27M | $23M | $18M | $18M | $16M | $14M | $12M | $11M | $11M | $7M | $6M | $448.0K | $3M | $-441.0K | |
| Income Tax | $10M | $8M | $6M | $5M | $4M | $4M | $3M | $5.0K | $3M | $4M | $2M | $822.0K | $438.0K | $-256.0K | $2M | $296.0K | |
| Net Income | $26M | $21M | $21M | $18M | $15M | $14M | $13M | $14M | $9M | $7M | $9M | $6M | $6M | $704.0K | $957.0K | $-737.0K | |
| EPS (Basic) | $0.20 | $0.17 | $0.16 | $0.14 | $0.12 | $0.11 | $0.10 | $0.12 | $0.08 | $0.06 | $0.07 | $0.05 | $0.05 | $0.01 | $0.02 | $-0.01 | |
| EPS (Diluted) | $0.20 | $0.16 | $0.16 | $0.14 | $0.11 | $0.11 | $0.11 | $0.11 | $0.07 | $0.06 | $0.07 | $0.05 | $0.05 | $0.01 | $0.02 | $-0.01 | |
| Shares (Basic) | 125,861,225 | 125,665,214 | · | 125,341,855 | 125,077,964 | 124,941,781 | · | 124,538,195 | 124,264,789 | 123,945,778 | · | 123,620,260 | 123,378,128 | 123,289,584 | · | 122,740,982 | |
| Shares (Diluted) | 129,005,011 | 129,314,000 | · | 129,249,477 | 129,030,539 | 128,801,974 | · | 127,614,115 | 127,252,366 | 126,917,654 | · | 125,639,879 | 124,012,107 | 123,792,741 | · | 122,740,982 | |
| EBITDA | $33M | $36M | · | $20M | $16M | $26M | · | $12M | $10M | $17M | · | $5M | $5M | $6M | · | $-917.0K |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $378M | $339M | $321M | $288M | $266M | $246M | $206M | $188M | $189M | $180M | · | $162M | $159M | $144M | · | $148M | |
| Prepaid Expense | $8M | $12M | $13M | $16M | $11M | $12M | $13M | $14M | $10M | $11M | · | $11M | $9M | $9M | · | $12M | |
| Current Assets | $494M | $473M | $441M | $417M | $381M | $362M | $346M | $320M | $294M | $280M | · | $255M | $241M | $233M | · | $304M | |
| PP&E (Net) | $2M | $790.0K | $877.0K | $948.0K | $1M | $1M | $1M | $1M | $1M | $2M | · | $2M | $2M | $2M | · | $2M | |
| PP&E (Gross) | $10M | $9M | $9M | $9M | $9M | $8M | $8M | $8M | $8M | $8M | · | $8M | $8M | $8M | · | $7M | |
| Accum. Depreciation | $8M | $8M | $8M | $8M | $8M | $7M | $7M | $7M | $7M | $7M | · | $6M | $6M | $6M | · | $5M | |
| Goodwill | $132M | $132M | $132M | $132M | $132M | $132M | $132M | $132M | $132M | $132M | · | $132M | $132M | $132M | $132M | $129M | |
| Intangibles | $10M | $11M | $12M | $13M | $15M | $17M | $19M | $21M | $23M | $25M | · | $29M | $31M | $34M | · | $36M | |
| Other Non-current Assets | · | · | · | · | · | · | · | $4M | $4M | $4M | · | $5M | $6M | $7M | · | $8M | |
| Total Assets | $725M | $699M | $668M | $644M | $610M | $591M | $576M | $553M | $528M | $514M | · | $489M | $475M | $467M | · | $531M | |
| Accounts Payable | $71M | $73M | $64M | $64M | $53M | $56M | $50M | $50M | $43M | $41M | · | $33M | $31M | $33M | · | $27M | |
| Accrued Liabilities | $25M | $17M | $28M | $26M | $26M | $19M | $26M | $20M | $16M | $12M | · | $19M | $16M | $12M | · | $17M | |
| Current Liabilities | $101M | $107M | $99M | $96M | $83M | $81M | $82M | $74M | $65M | $63M | · | $60M | $51M | $51M | · | $125M | |
| Capital Leases | $6M | $4M | $5M | $5M | $6M | $6M | $6M | $7M | $7M | $8M | · | $8M | $9M | $9M | · | $9M | |
| Deferred Tax | · | · | · | $3M | · | · | · | $1.0K | $1M | $1M | · | $957.0K | $864.0K | $772.0K | · | $0 | |
| Total Liabilities | $112M | $115M | $107M | $107M | $93M | $90M | $91M | $84M | $76M | $75M | · | $72M | $67M | $67M | · | $137M | |
| Retained Earnings | $209M | $184M | $163M | $142M | $124M | $110M | $96M | $83M | $68M | $59M | · | $42M | $36M | $30M | · | $28M | |
| AOCI | $-607.0K | $-615.0K | $-427.0K | $-542.0K | $-224.0K | $-287.0K | $-233.0K | $-3.0K | $5.0K | $45.0K | · | $0 | $64.0K | $-29.0K | · | $-67.0K | |
| Stockholders' Equity | $613M | $583M | $560M | $537M | $517M | $500M | $486M | $469M | $452M | $439M | $430M | $417M | $408M | $400M | $397M | $394M | |
| Liabilities + Equity | $725M | $699M | $668M | $644M | $610M | $591M | $576M | $553M | $528M | $514M | · | $489M | $475M | $467M | · | $531M |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $9M | $10M | $10M | $10M | $10M | $11M | $10M | $9M | $9M | $9M | $8M | $8M | $7M | $7M | $7M | $6M | |
| Stock-based Comp | $6M | $6M | $6M | $5M | $5M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Amort. of Intangibles | $800.0K | $800.0K | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Other Non-cash | · | $-6M | · | · | · | $23M | · | · | · | $-8M | · | · | · | $-5M | · | · | |
| Operating Cash Flow | $49M | $30M | $45M | $35M | $31M | $50M | $28M | $7M | $18M | $11M | $24M | $13M | $26M | $5M | $15M | $-2M | |
| CapEx | $113.0K | $80.0K | $82.0K | $103.0K | $116.0K | $60.0K | $81.0K | $72.0K | $188.0K | $116.0K | $89.0K | $158.0K | $286.0K | $67.0K | $94.0K | $368.0K | |
| Investing Cash Flow | $-9M | $-9M | $-9M | $-10M | $-9M | $-8M | $-9M | $-9M | $-9M | $-10M | $-8M | $-9M | $-9M | $-8M | $-11M | $-8M | |
| Financing Cash Flow | $-2M | $-3M | $-3M | $-3M | $-2M | $-2M | $182.0K | $-20.0K | $37.0K | $-406.0K | $181.0K | $234.0K | $-488.0K | $-1M | $-80M | $19M | |
| Net Change in Cash | $38M | $18M | $33M | $21M | $20M | $40M | $19M | $-2M | $9M | $957.0K | $16M | $4M | $17M | $-5M | $-76M | $8M | |
| Taxes Paid | $20M | $141.0K | $4M | $819.0K | $10M | $508.0K | $2M | $5M | $7M | $434.0K | $-320.0K | $449.0K | $653.0K | $616.0K | $251.0K | $237.0K | |
| Free Cash Flow | · | $30M | · | · | · | $50M | · | · | · | $11M | · | · | · | $5M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.1% | 24.1% | · | 24.1% | 25.5% | 24.0% | · | 26.2% | 29.8% | 28.5% | · | 30.8% | 30.8% | 27.0% | · | 29.5% | |
| Operating Margin | 9.0% | 7.4% | · | 6.4% | 5.7% | 5.7% | · | 5.2% | 5.2% | 4.5% | · | 3.5% | 3.1% | -0.66% | · | -0.72% | |
| Net Margin | 7.1% | 5.8% | · | 5.7% | 5.2% | 5.0% | · | 6.2% | 4.7% | 3.9% | · | 4.2% | 3.9% | 0.47% | · | -0.58% | |
| Pretax Margin | 9.9% | 8.1% | · | 7.3% | 6.6% | 6.5% | · | 6.2% | 6.3% | 5.8% | · | 4.7% | 4.2% | 0.30% | · | -0.34% | |
| EBITDA Margin | 9.0% | 10.2% | · | 6.4% | 5.7% | 9.6% | · | 5.2% | 5.2% | 9.1% | · | 3.5% | 3.1% | 4.2% | · | -0.72% | |
| ROA | 3.8% | 3.2% | · | 3.0% | 2.6% | 2.5% | · | 2.8% | 1.9% | 1.5% | · | 1.2% | 1.2% | 0.15% | · | -0.15% | |
| ROE | 4.5% | 3.9% | · | 3.5% | 3.0% | 2.9% | · | 3.3% | 2.2% | 1.7% | · | 1.6% | 1.5% | 0.18% | · | -0.19% | |
| ROIC | 3.8% | 3.3% | · | 2.9% | 2.5% | 2.4% | · | 2.6% | 1.7% | 1.3% | · | 1.1% | 1.1% | -0.39% | · | -0.39% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.9 | 4.4 | · | 4.4 | 4.6 | 4.5 | · | 4.3 | 4.6 | 4.5 | · | 4.3 | 4.7 | 4.5 | · | 2.4 | |
| Quick Ratio | 3.7 | 3.2 | · | 3.0 | 3.2 | 3.0 | · | 2.5 | 2.9 | 2.9 | · | 2.7 | 3.1 | 2.8 | · | 1.2 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.6 | · | 0.5 | 0.5 | 0.5 | · | 0.4 | 0.4 | 0.4 | · | 0.3 | 0.3 | 0.3 | · | 0.3 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $2.80 | $2.77 | · | $2.40 | $2.17 | $2.14 | · | $1.81 | $1.55 | $1.46 | · | $1.21 | $1.20 | $1.20 | · | $1.04 | |
| Cash Flow / Share | · | $0.24 | · | · | · | $0.39 | · | · | · | $0.09 | · | · | · | $0.04 | · | · | |
| EPS (TTM) | $0.66 | $0.57 | · | $0.47 | $0.44 | $0.40 | · | $0.31 | $0.25 | $0.23 | · | $0.13 | $0.07 | $0.00 | · | $0.02 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.36B | $1.28B | · | $1.12B | $1.04B | $962M | · | $779M | $700M | $651M | · | $582M | $558M | $529M | · | $473M | |
| Net Income TTM | $85M | $74M | · | $59M | $56M | $51M | · | $40M | $32M | $29M | · | $14M | $7M | $-2M | · | $3M | |
| P/E | 36.6 | 44.6 | · | 65.1 | 74.4 | 65.2 | · | 64.6 | 76.0 | 98.9 | · | 127.7 | 150.9 | · | · | 486.0 | |
| Earnings Yield | 2.7% | 2.2% | · | 1.5% | 1.3% | 1.5% | · | 1.6% | 1.3% | 1.0% | · | 0.78% | 0.66% | 0.00% | · | 0.21% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $1.20B | $872M | $614M | $497M | $396M |
| Gross Margin % | 24.8% | 27.3% | 29.7% | 30.1% | 30.7% |
| Operating Margin % | 6.3% | 5.1% | 2.9% | -0.60% | 2.6% |
| Net Income | $67M | $44M | $22M | $-513.0K | $9M |
| Diluted EPS | $0.52 | $0.35 | $0.18 | $0.00 | $0.06 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 4.5 | 4.2 | 4.3 | 4.4 | 3.4 |
| Quick Ratio | 3.2 | 2.5 | 2.9 | 2.9 | 2.3 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $162M | $63M | $68M | $19M | $19M |
Institutional owners (13F) 203 filers · $1.6B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
203
Value held
$1.6B
New positions
38
Exited positions
39
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 38 (-13 vs prior Q) | 39 (-1 vs prior Q) | 73 (-3 vs prior Q) | 54 (+3 vs prior Q) | +2.4M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| WASATCH ADVISORS LP | $276,159,117 | 9,013,026 | 16.82% | Shares |
| Capital International Investors | $170,807,479 | 7,069,846 | 10.40% | Shares |
| VANGUARD GROUP INC | $138,739,805 | 4,391,890 | 8.45% | Shares |
| BlackRock, Inc. | $112,178,044 | 4,643,131 | 6.83% | Shares |
| Capital World Investors | $103,309,610 | 4,276,060 | 6.29% | Shares |
| BROWN BROTHERS HARRIMAN & CO | $68,154,490 | 2,820,964 | 4.15% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $61,936,914 | 2,563,614 | 3.77% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $60,983,971 | 2,524,171 | 3.71% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $47,024,842 | 1,946,392 | 2.86% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $35,586,604 | 1,472,722 | 2.17% | Shares |
| FRANKLIN RESOURCES INC | $31,250,298 | 1,293,473 | 1.90% | Shares |
| Invesco Ltd. | $30,215,706 | 1,250,650 | 1.84% | Shares |
| STATE STREET CORP | $25,560,797 | 1,057,980 | 1.56% | Shares |
| LOOMIS SAYLES & CO L P | $22,650,652 | 937,527 | 1.38% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $22,035,191 | 912,072 | 1.34% | Shares |
| CYPRESS POINT INVESTMENT MANAGEMENT LP | $21,287,738 | 881,115 | 1.30% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $19,722,000 | 816,290 | 1.20% | Shares |
| NEXT CENTURY GROWTH INVESTORS LLC | $18,664,083 | 772,520 | 1.14% | Shares |
| GOLDMAN SACHS GROUP INC | $18,458,627 | 764,016 | 1.12% | Shares |
| Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group | $17,720,635 | 733,470 | 1.08% | Shares |
| MARSHALL WACE, LLP | $17,169,134 | 710,643 | 1.05% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $17,076,191 | 706,796 | 1.04% | Shares |
| TimesSquare Capital Management, LLC | $16,764,813 | 660,032 | 1.02% | Shares |
| MORGAN STANLEY | $15,748,036 | 651,822 | 0.96% | Shares |
| North Reef Capital Management LP | $14,496,000 | 600,000 | 0.88% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $14,240,460 | 589,423 | 0.87% | Shares |
| NORTHERN TRUST CORP | $13,661,054 | 565,441 | 0.83% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $13,466,567 | 557,391 | 0.82% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $11,782,228 | 487,675 | 0.72% | Shares |
| Palisades Investment Partners, LLC | $10,410,447 | 430,896 | 0.63% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $9,921,401 | 410,654 | 0.60% | Shares |
| UBS Group AG | $9,208,487 | 381,146 | 0.56% | Shares |
| FMR LLC | $7,424,947 | 307,324 | 0.45% | Shares |
| CASTLEARK MANAGEMENT LLC | $7,212,726 | 298,540 | 0.44% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $6,965,256 | 288,297 | 0.42% | Shares |
| SEI INVESTMENTS CO | $6,942,086 | 287,338 | 0.42% | Shares |
| BANK OF AMERICA CORP /DE/ | $6,340,574 | 262,441 | 0.39% | Shares |
| Nuveen, LLC | $5,990,859 | 247,966 | 0.36% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $5,954,329 | 246,454 | 0.36% | Shares |
| Cubist Systematic Strategies, LLC | $5,356,411 | 175,046 | 0.33% | Shares |
| Point72 Asset Management, L.P. | $5,300,873 | 219,407 | 0.32% | Shares |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $4,733,427 | 195,920 | 0.29% | Shares |
| NORGES BANK | $4,563,824 | 188,900 | 0.28% | Shares |
| Qube Research & Technologies Ltd | $4,150,156 | 171,778 | 0.25% | Shares |
| RAYMOND JAMES FINANCIAL INC | $4,105,534 | 169,931 | 0.25% | Shares |
| Bank of New York Mellon Corp | $4,022,652 | 166,500 | 0.24% | Shares |
| FIRST TRUST ADVISORS LP | $3,715,880 | 153,803 | 0.23% | Shares |
| ROYAL BANK OF CANADA | $3,074,000 | 127,272 | 0.19% | Shares |
| Swiss National Bank | $2,742,160 | 113,500 | 0.17% | Shares |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $2,709,740 | 88,438 | 0.17% | Shares |
Company insiders 16 insiders · 7 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Dushyant Sharma | Chairman, President and CEO | Aug. 15, 2026 F | 1,444,357 | 0 | 0 | $0 |
| Sanjay Kalra | SVP and CFO | Aug. 15, 2026 F | 484,259 | 0 | 5 | $-1,147,407 |
| Paul E. Seamon | Interim CFO | Feb. 16, 2023 S | 31,723 | 0 | 0 | $0 |
| Matt Parson | Chief Financial Officer | Aug. 17, 2022 S | 103,873 | 0 | 0 | $0 |
| Gerasimos (Jerry) Portocalis | Chief Commercial Officer | Aug. 15, 2026 F | 744,652 | 0 | 0 | $0 |
| Andrew A. Gerber | General Counsel and Secretary | March 13, 2026 F | 117,163 | 0 | 0 | $0 |
| John C Morrow | General Counsel and Secretary | Aug. 9, 2021 A | 39,879 | 0 | 0 | $0 |
| Gregory Hyde Williams | Director | Aug. 26, 2026 J | 188,384 | 0 | 0 | $0 |
| Jason Klein | Director | Aug. 26, 2026 J | 1,496 | 0 | 0 | $0 |
| Robert Palumbo | Director | Aug. 26, 2026 J | 0 | 0 | 0 | $0 |
| Arun Oberoi | Director | June 8, 2026 A | 41,885 | 0 | 0 | $0 |
| William Ingram | Director | June 8, 2026 A | 86,941 | 0 | 0 | $0 |
| Jody R Davids | Director | June 8, 2026 A | 44,730 | 0 | 0 | $0 |
| Adam Malinowski | Director | Dec. 10, 2025 J | · | 0 | 0 | $0 |
| Thomas Barnds | 10% owner | Aug. 26, 2026 J | 0 | 0 | 0 | $0 |
| Gary Trainor | · | Aug. 4, 2026 S | 509,888 | 0 | 8 | $-5,993,074 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 34 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| MMSC · First Trust Exchange-Traded Fund VI… | 0.41% | 5,984 NS | Aug. 31, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.38% | 145,285 NS | July 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.37% | 28,680 SH | Oct. 23, 2026 | Daily |
| TRFM · ETF Series Solutions | 0.34% | 25,061 NS | July 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.14% | 565,248 SH | Sept. 11, 2026 | Daily |
| BKSE · BNY Mellon ETF Trust | 0.08% | 2,162 NS | July 31, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.08% | 63,850 SH | Aug. 19, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.08% | 13,162 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.07% | 1,532,579 SH | Sept. 11, 2026 | Daily |
| ISCG · iShares Trust | 0.07% | 18,123 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.07% | 28,504 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.04% | 197,597 NS | July 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.04% | 755,571 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.04% | 342,558 SH | Aug. 19, 2026 | Daily |
| IPKW · Invesco Exchange-Traded Fund Trust … | 0.03% | 18,920 SH | Oct. 23, 2026 | Daily |
| ISCF · iShares Trust | 0.03% | 26,272 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 24,081 SH | Oct. 23, 2026 | Daily |
| FNCL · FIDELITY COVINGTON TRUST | 0.02% | 14,863 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 658,550 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.02% | 1,304,159 SH | Aug. 19, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.02% | 92,493 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.02% | 3,137 SH | Sept. 11, 2026 | Daily |
| TECB · iShares Trust | 0.01% | 1,825 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 6,162 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 1,171 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 79,277 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 15,952 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 39,693 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 2,363 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 7,902 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 11,420 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,808,811 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,983 SH | Aug. 19, 2026 | Daily |
| ISCB · iShares Trust | · | 2,760 SH | Sept. 11, 2026 | Daily |
PAY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 13 analysts
BUY
Median target
$40.00
+19.9%
3 23.1%
Strong Buy
5 38.5%
Buy
5 38.5%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
7 analysts · 2026-10-20Mean target $40.14 +20.4%
← Below all targets
Current price $33.35
Low$36.00
Mean$40.14
High$45.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| PAY | · | 60.8 | 37.2% | 5.6% | 12.4% | 24.8% |
| JKHY | $14.41B | 19.7 | 7.1% | 19.8% | 24.0% | · |
| CHYM | $0 | -5.9 | 30.7% | -46.2% | -71.4% | 88.0% |
| WEX | $5.11B | 17.6 | 1.2% | 11.4% | 27.5% | · |
| RELY | $2.91B | 44.5 | 29.4% | 4.2% | 8.3% | · |
| SEZL | · | 17.1 | 66.1% | · | · | · |
| NATL | $2.81B | 17.8 | 1.1% | 3.7% | 52.1% | · |
| FOUR | · | · | 25.5% | 2.9% | 10.6% | · |
| EEFT | · | 11.1 | 6.4% | 7.3% | 24.4% | · |
| PAYO | $1.96B | 29.6 | 7.7% | 7.0% | 9.9% | · |
| FLYW | $1.70B | 128.7 | 26.6% | 2.2% | 1.7% | · |
My Metrics Your personal watchlist — selected rows from Full Fundamentals
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Source: SEC 10-Q filed Aug 4, 2026