PaySign (PAYS)


Market Price (8/5/2026): $9.14 | Market Cap: $504.2 MilSector: Information Technology | Industry: Systems Software

PaySign (PAYS)


Market Price (8/5/2026): $9.14
Market Cap: $504.2 Mil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 43%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 84%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 76%

Attractive yield
FCF Yield is 14%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Digital Payments, and Healthcare Payment Solutions.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Stock price has recently run up significantly
6M Rtn6 month market price return is 145%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2%

Key risks
PAYS key risks include [1] significant overdependence on its plasma and pharma segments amid recent declines in plasma-related revenue, Show more.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 43%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 84%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 76%
2 Attractive yield
FCF Yield is 14%
3 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Digital Payments, and Healthcare Payment Solutions.
4 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
5 Stock price has recently run up significantly
6M Rtn6 month market price return is 145%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2%
7 Key risks
PAYS key risks include [1] significant overdependence on its plasma and pharma segments amid recent declines in plasma-related revenue, Show more.

PAYS in ETFs

Weight = PAYS's share of each fund

IWM0.01%
IWO0.03%
VTWO0.01%
DFAS0.01%
IWV0.00%
AVUV0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/1/2026

PaySign (PAYS) stock has gained about 40% since 4/30/2026 because of the following key factors:

1. PaySign (PAYS) reported strong financial results for fiscal Q1 2026 (ended March 31, 2026), exceeding analyst expectations. The company announced earnings per share (EPS) of $0.09, surpassing the consensus estimate of $0.07 by $0.02. Revenue for the quarter reached $28.04 million, outperforming analyst estimates of $27.01 million and representing a substantial 50.8% increase year-over-year. This strong performance was also reflected in a 110.3% increase in net income, which reached $5.44 million.

2. The company demonstrated robust growth across its key business segments, particularly patient affordability programs and plasma donor compensation solutions. In fiscal Q1 2026, the pharmaceutical segment's revenue surged by 81.9% year-over-year to $15.68 million, largely driven by the addition of 45 net new patient affordability programs, bringing the total to 135 active programs. Simultaneously, revenue from the plasma segment grew by 24.9% year-over-year, reaching $11.7 million. This segment growth contributed to an expanded operating margin, which rose to 23.8% from 13.4% in fiscal Q1 2025.

Show more
Updated on 8/1/2026

PaySign (PAYS) stock has gained about 40% since 4/30/2026 because of the following key factors:

1. PaySign (PAYS) reported strong financial results for fiscal Q1 2026 (ended March 31, 2026), exceeding analyst expectations. The company announced earnings per share (EPS) of $0.09, surpassing the consensus estimate of $0.07 by $0.02. Revenue for the quarter reached $28.04 million, outperforming analyst estimates of $27.01 million and representing a substantial 50.8% increase year-over-year. This strong performance was also reflected in a 110.3% increase in net income, which reached $5.44 million.

2. The company demonstrated robust growth across its key business segments, particularly patient affordability programs and plasma donor compensation solutions. In fiscal Q1 2026, the pharmaceutical segment's revenue surged by 81.9% year-over-year to $15.68 million, largely driven by the addition of 45 net new patient affordability programs, bringing the total to 135 active programs. Simultaneously, revenue from the plasma segment grew by 24.9% year-over-year, reaching $11.7 million. This segment growth contributed to an expanded operating margin, which rose to 23.8% from 13.4% in fiscal Q1 2025.

3. Analysts maintained a positive outlook on PaySign, reinforced by favorable price targets and the company's strong full-year guidance. Wall Street analysts generally hold a "Buy" or "Strong Buy" consensus rating for PAYS. The average analyst price target ranged from approximately $9.50 to $10.00, suggesting potential upside from current trading levels. Furthermore, PaySign reiterated its full-year fiscal 2026 guidance, projecting revenue between $106.5 million and $110.5 million, which signifies a 30% to 35% year-over-year growth, and anticipated net income of $13 million to $16 million.

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Stock Movement Drivers

Fundamental Drivers

The 41.5% change in PAYS stock from 4/30/2026 to 8/4/2026 was primarily driven by a 23.6% change in the company's Net Income Margin (%).
(LTM values as of)43020268042026Change
Stock Price ($)6.569.2841.5%
Change Contribution By: 
Total Revenues ($ Mil)829111.5%
Net Income Margin (%)9.2%11.4%23.6%
P/E Multiple47.949.22.8%
Shares Outstanding (Mil)5555-0.1%
Cumulative Contribution41.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/4/2026
ReturnCorrelation
PAYS41.5% 
Market (SPY)7.3%-0.1%
Sector (XLK)17.2%-8.0%

Fundamental Drivers

The 122.5% change in PAYS stock from 1/31/2026 to 8/4/2026 was primarily driven by a 62.8% change in the company's P/E Multiple.
(LTM values as of)13120268042026Change
Stock Price ($)4.179.28122.5%
Change Contribution By: 
Total Revenues ($ Mil)759122.2%
Net Income Margin (%)10.1%11.4%12.6%
P/E Multiple30.249.262.8%
Shares Outstanding (Mil)5555-0.7%
Cumulative Contribution122.5%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/4/2026
ReturnCorrelation
PAYS122.5% 
Market (SPY)11.8%12.6%
Sector (XLK)30.1%5.6%

Fundamental Drivers

The 24.7% change in PAYS stock from 7/31/2025 to 8/4/2026 was primarily driven by a 43.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120258042026Change
Stock Price ($)7.449.2824.7%
Change Contribution By: 
Total Revenues ($ Mil)649143.4%
Net Income Margin (%)9.6%11.4%19.1%
P/E Multiple65.449.2-24.8%
Shares Outstanding (Mil)5455-2.9%
Cumulative Contribution24.7%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/4/2026
ReturnCorrelation
PAYS24.7% 
Market (SPY)23.1%15.3%
Sector (XLK)42.8%8.1%

Fundamental Drivers

The 383.3% change in PAYS stock from 7/31/2023 to 8/4/2026 was primarily driven by a 286.1% change in the company's Net Income Margin (%).
(LTM values as of)73120238042026Change
Stock Price ($)1.929.28383.3%
Change Contribution By: 
Total Revenues ($ Mil)4091128.9%
Net Income Margin (%)2.9%11.4%286.1%
P/E Multiple85.549.2-42.4%
Shares Outstanding (Mil)5255-5.0%
Cumulative Contribution383.3%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/4/2026
ReturnCorrelation
PAYS383.3% 
Market (SPY)74.4%28.6%
Sector (XLK)113.5%22.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PAYS Return-66%61%9%8%71%80%99%
Peers Return-27%-21%7%16%-22%-2%-45%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
PAYS Win Rate17%42%50%33%50%75% 
Peers Win Rate37%47%58%58%47%45% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
PAYS Max Drawdown-73%-50%-58%-47%-42%-38% 
Peers Max Drawdown-39%-40%-31%-22%-44%-30% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: GDOT, FISV, FIS, WEX, GPN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/4/2026 (YTD)

How Low Can It Go

EventPAYSS&P 500
2025 US Tariff Shock
  % Loss-37.4%-18.8%
  % Gain to Breakeven59.8%23.1%
  Time to Breakeven36 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-15.1%-9.5%
  % Gain to Breakeven17.8%10.5%
  Time to Breakeven14 days24 days
2023 SVB Regional Banking Crisis
  % Loss-34.3%-6.7%
  % Gain to Breakeven52.2%7.1%
  Time to Breakeven259 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.7%-24.5%
  % Gain to Breakeven50.8%32.4%
  Time to Breakeven70 days427 days
2020 COVID-19 Crash
  % Loss-61.3%-33.7%
  % Gain to Breakeven158.1%50.9%
  Time to Breakeven94 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.2%-19.2%
  % Gain to Breakeven25.3%23.8%
  Time to Breakeven22 days105 days

Compare to GDOT, FISV, FIS, WEX, GPN

In The Past

PaySign's stock fell -37.4% during the 2025 US Tariff Shock. Such a loss loss requires a 59.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventPAYSS&P 500
2025 US Tariff Shock
  % Loss-37.4%-18.8%
  % Gain to Breakeven59.8%23.1%
  Time to Breakeven36 days79 days
2023 SVB Regional Banking Crisis
  % Loss-34.3%-6.7%
  % Gain to Breakeven52.2%7.1%
  Time to Breakeven259 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.7%-24.5%
  % Gain to Breakeven50.8%32.4%
  Time to Breakeven70 days427 days
2020 COVID-19 Crash
  % Loss-61.3%-33.7%
  % Gain to Breakeven158.1%50.9%
  Time to Breakeven94 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.2%-19.2%
  % Gain to Breakeven25.3%23.8%
  Time to Breakeven22 days105 days
2013 Taper Tantrum
  % Loss-44.0%-0.2%
  % Gain to Breakeven78.6%0.2%
  Time to Breakeven1527 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-33.3%-17.9%
  % Gain to Breakeven50.0%21.8%
  Time to Breakeven48 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-20.0%-15.4%
  % Gain to Breakeven25.0%18.2%
  Time to Breakeven46 days125 days
2008-2009 Global Financial Crisis
  % Loss-97.8%-53.4%
  % Gain to Breakeven4400.0%114.4%
  Time to Breakeven602 days1085 days

Compare to GDOT, FISV, FIS, WEX, GPN

In The Past

PaySign's stock fell -37.4% during the 2025 US Tariff Shock. Such a loss loss requires a 59.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About PaySign (PAYS)

PaySign, Inc. operates as a specialized provider of prepaid card products and comprehensive processing services under its proprietary PaySign brand. The company's core business revolves around enabling corporate, consumer, and government entities to manage payments through various card programs. Its proprietary platform, also named PaySign, handles the full suite of services required for these programs, including transaction processing, cardholder enrollment, value loading, account management, detailed reporting, and customer service.

The company offers a diverse range of prepaid card solutions tailored to specific needs. These include corporate incentive and rewards programs for consumer rebates, donor compensation, clinical trial payments, healthcare reimbursement, and pharmaceutical payment assistance. PaySign also provides payroll or general purpose reloadable cards, gift and incentive cards, and Per Diem/Corporate Expense Payments, which help businesses and government agencies control employee spending. Beyond cards, PaySign offers payment claims processing and administrative services, encompassing pharmacy-based voucher and copay programs, medical claims, and debit-based affordability solutions. It also features specific offerings like the PaySign Premier demand deposit account debit card and specialized payment solutions for source plasma collection centers.

PaySign primarily targets a broad spectrum of clients for its processing services, including prepaid card issuers, retail and private-label issuers, smaller third-party processors, and small to mid-size financial institutions. While these are its direct processing clients, its underlying solutions serve numerous indirect customers such as corporations, non-profits, government agencies, and individuals leveraging its diverse prepaid card programs. The company's operational focus for these services is concentrated within the United States and Mexico.

AI Analysis | Feedback

Here are a few analogies to describe PaySign:

  1. PaySign is like **a business-to-business version of Green Dot**, providing the technology and services for companies and organizations to create and manage their own custom prepaid card programs for various purposes.
  2. PaySign is like **a specialized Stripe or Square for businesses that *issue* payments**, offering the backend processing and custom card programs to disburse funds for corporate incentives, healthcare reimbursements, clinical trials, and more.
  3. PaySign is like **a comprehensive payment solution for corporate and government disbursements**, similar to how ADP handles payroll, but PaySign offers custom prepaid card programs for everything from employee expenses to patient assistance.

AI Analysis | Feedback

  • Prepaid Card Programs: Develops and manages various prepaid cards for corporate incentives, consumer rebates, donor compensation, clinical trials, healthcare payments, payroll, and general purpose reloadable applications.
  • Card Processing Services: Offers a proprietary platform providing transaction processing, cardholder enrollment, value loading, account management, reporting, and customer service for prepaid card programs.
  • Per Diem/Corporate Expense Payments: A payment solution enabling businesses, non-profits, and government agencies to control employee spending and reduce administrative overhead.
  • Healthcare Payment Programs: Provides specialized payment solutions including pharmacy-based vouchers, copay programs, medical claims processing, and debit-based affordability programs.
  • PaySign Premier: A demand deposit account debit card offering a comprehensive payment and banking-like solution.
  • Plasma Donor Payment Solution: A specialized payment system designed for source plasma collection centers to compensate donors efficiently.
  • Payment Claims Processing and Administrative Services: Offers services for processing various payment claims and related administrative tasks.

AI Analysis | Feedback

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AI Analysis | Feedback

Major Suppliers for PaySign (PAYS):

  • The Bancorp Bank, N.A. (part of The Bancorp, Inc., NASDAQ: TBBK)
  • Sunrise Banks, N.A. (private company)
  • Visa Inc. (NYSE: V)
  • Mastercard Incorporated (NYSE: MA)

AI Analysis | Feedback

Mark R. Newcomer - Chairman of the Board, President and Chief Executive Officer

Mr. Newcomer is a co-founder of Paysign (formerly 3PEA Technologies), established in 2001, and has served as its Chief Executive Officer since 2001 and as a director since March 2006. He also holds the title of Chairman of the Board. He attended Cal-Poly San Luis Obispo, where he majored in Bio-Science. Under his leadership, Paysign has shown strong operating momentum. Mr. Newcomer has also been involved in stock sales under a pre-arranged trading plan.

Jeffery Bradford Baker - Chief Financial Officer, Treasurer and Principal Accounting Officer

Mr. Baker was appointed Chief Financial Officer, Treasurer, and Principal Accounting Officer of Paysign effective February 22, 2021. Prior to joining Paysign, he served as Executive Vice President of Mergers and Acquisitions at InComm Payments, where he oversaw numerous acquisitions, divestitures, joint ventures, and investments across the Americas, Asia, and Australia. Before his tenure at InComm, Mr. Baker held the position of Chief Development and Strategy Officer at Global Payments Inc., where he was also responsible for worldwide acquisitions and divestitures.

Cosimo Cambi - Chief Operating Officer

Mr. Cambi serves as the Chief Operating Officer of PaySign.

Matthew Louis Lanford - Chief Payments Officer and Director

Mr. Lanford holds the position of Chief Payments Officer and Director at Paysign. He joined Paysign in 2019 as Chief Product Officer and was appointed President and Chief Operating Officer in February 2021 before transitioning to his current role. He brings over 30 years of experience in the payments industry to the company. Mr. Lanford earned his Bachelor of Science in Computer Science from the University of Arkansas at Little Rock.

Robert P. Strobo - General Counsel, Chief Legal Officer and Secretary

Mr. Strobo is the General Counsel, Chief Legal Officer, and Secretary for Paysign. He was appointed General Counsel and Corporate Secretary in September 2018.

AI Analysis | Feedback

Here are the key risks to PaySign's business:

  1. Regulatory and Compliance Risk: PaySign operates in highly regulated sectors, including financial services and healthcare. Changes in financial or healthcare-related regulations could significantly impact its operations, increase compliance costs, and affect profitability. Regulatory scrutiny in the patient affordability landscape is expected to intensify, and changes in rules governing specific programs, like plasma donations, have a direct impact on the company's business.
  2. Cybersecurity and Data Breach Risk: As a provider of payment processing and prepaid card services, PaySign handles sensitive consumer information. The company recently initiated an investigation into an alleged data breach impacting over 1.2 million consumer records, which reportedly exposed full names, birthdates, phone numbers, addresses, and account balances. Such incidents can lead to significant financial losses, reputational damage, and erosion of customer trust.
  3. Competition and Customer Concentration Risk: PaySign faces intense competition from larger fintech firms and traditional financial institutions in the prepaid card and payment processing sectors. The overall prepaid card market has experienced a decline in recent years, which could threaten some of PaySign's core operations. Furthermore, the company has a heavy reliance on specific market segments, particularly plasma donation and healthcare programs. This concentration exposes PaySign to significant risk if key contracts are lost, industry regulations change, or these specific markets face headwinds.

AI Analysis | Feedback

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AI Analysis | Feedback

PaySign, Inc. operates within several addressable markets, primarily in the United States and Mexico, centered around prepaid card products and processing services, healthcare payment solutions, and payment processing for specific industries. The estimated market sizes for their main products and services are as follows:

  • Prepaid Card Products and Processing Services (Overall): The U.S. prepaid card market was valued at approximately USD 1.76 trillion in 2024 and is projected to reach around USD 10.62 trillion by 2034. Another estimate places the U.S. market at USD 1.48 trillion in 2023, growing to USD 10.72 trillion by 2034.
  • Corporate Incentive and Rewards Programs: U.S. businesses spend an estimated USD 176 billion annually on non-cash incentives, recognition, rewards, incentive travel, and corporate gifting. Gift cards are a prevalent component of these programs. The U.S. gift card and incentive card market, which includes corporate purchases, was valued at USD 207.09 billion in 2025 and is estimated to grow to USD 300.73 billion by 2031. Corporate B2B purchases constituted 64.85% of this market in 2025.
  • Payroll Cards: The global payroll card market was valued at USD 218.7 billion in 2023 and is projected to reach USD 981.4 billion by 2032. In the U.S., approximately 8 million workers receive wages through payroll prepaid cards.
  • General Purpose Reloadable (GPR) Cards: The general-purpose reloadable card market in the U.S. represented a total load value of USD 255 billion in 2024.
  • Gift Cards: The U.S. gift card market size was valued at USD 342.95 billion in 2024 and is expected to reach USD 886.23 billion by 2032. Another source estimates the U.S. gift cards market at USD 423.11 billion in 2024, projected to reach USD 949.26 billion by 2030. The United States accounts for approximately 36.1% of the global gift card market, with a value of USD 447.7 billion.
  • Per Diem/Corporate Expense Payments: While a specific market size for per diem payment processing was not identified as a standalone category, such payments are typically handled through corporate prepaid cards and fall under the broader corporate incentive and expense management markets mentioned above.
  • Payment Claims Processing and Other Administrative Services: The global claims processing software market, which provides the foundational tools for such services, was estimated at USD 40.84 billion in 2024. North America is a dominant region, expected to contribute 43% to the global market growth.
  • Healthcare Reimbursement Payments and Pharmaceutical Payment Assistance Programs: The U.S. healthcare reimbursement market size was approximately USD 9.78 billion in 2024 and is projected to grow to around USD 53.44 billion by 2034. The global pharmaceutical copayment assistance market was estimated at USD 12.4 billion in 2025 and is expected to reach USD 23.6 billion by 2032.
  • Payment Solutions for Source Plasma Collection Centers: The U.S. blood plasma collection market was valued at USD 5.50 billion in 2024 and is expected to reach USD 8.97 billion by 2032. The source plasma segment accounted for a 74.6% revenue share of this market in 2024. The United States is the largest contributor to the global source plasma supply.

AI Analysis | Feedback

PaySign (NASDAQ: PAYS) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market expansions:

  1. Expansion of Patient Affordability Programs (Pharmaceutical Segment): PaySign's patient affordability business is a significant growth driver, with substantial year-over-year revenue increases and projections for continued rapid expansion. The company is actively forging new partnerships with pharmaceutical companies and adding new patient programs to help individuals access necessary medications. The pharmaceutical patient affordability segment is projected to grow significantly, with one report anticipating a 100% growth by 2025.
  2. Growth in Plasma Donor Compensation Business: Despite some industry fluctuations, PaySign has recently secured a substantial expansion, adding 132 established plasma donation centers through an existing relationship with a major plasma collection company. This expansion is expected to increase PaySign's U.S. market share to approximately 50% and drive immediate revenue growth, reaching full revenue contribution by the end of the first quarter of 2026. The company plans to add more plasma centers and leverage its operational model.
  3. Diversification into New Verticals and Services: PaySign is actively expanding into new verticals beyond its core plasma and pharma segments. These include corporate incentives, employee rewards, healthcare reimbursements, and clinical trials programs. The company also offers the PaySign Premier demand deposit account debit card and related digital banking services, which represent another avenue for growth.
  4. Technological Advancements and Platform Scalability: The company's proprietary card-processing platform and ongoing investment in technology, such as its Dynamic Business Rules (DBR) technology, are crucial for streamlining operations, enhancing service offerings, and attracting new clients. Furthermore, the acquisition of Gamma Innovation LLC is expected to augment PaySign's offerings by entering the high-margin SaaS market with integrated donor and patient engagement, adherence, resource management, and market intelligence solutions.

AI Analysis | Feedback

Share Repurchases

  • PaySign's Board of Directors authorized a $5 million share repurchase program on March 22, 2023.
  • The company made share repurchases totaling approximately $376,000 in Q1 2025, $134,690 in Q4 2024, and $360,000 in Q3 2024.
  • In 2023, PaySign's share repurchases included approximately $150,000 in Q3, $311,960 in Q2, and $666,000 in Q1.

Share Issuance

  • In Q3 2025, stock-based compensation, related to the issuance of restricted stock units for new hires and employee retention, increased by 32% to $1.3 million.
  • For the full year 2025, stock-based compensation expense is projected to be approximately $4.3 million.
  • Company executives, including the Chief Payments Officer, CFO, and Chief Legal Officer, received common shares as part of restricted stock grants with vesting periods extending through July 2027, indicating ongoing share issuance for compensation.

Capital Expenditures

  • In Q3 2025, PaySign invested $454,000 in capital expenditures, primarily for long-term assets and infrastructure.

Better Bets vs. PaySign (PAYS)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1PaySign Earnings Notes12/16/2025
2How Low Can PaySign Stock Really Go?10/17/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

PAYSGDOTFISVFISWEXGPNMedian
NamePaySign Green DotFiserv Fidelity.WEX Global P. 
Mkt Price9.2813.2055.7844.26189.1988.2550.02
Mkt Cap0.50.729.822.86.624.114.7
Rev LTM912,17821,09012,2012,7928,8675,829
Op Inc LTM12385,1582,0367111,080896
FCF LTM70534,1271,921501,061565
FCF 3Y Avg31304,1622,3102701,7751,023
CFO LTM771256,0132,9762631,8131,038
CFO 3Y Avg401045,7753,2214452,4591,452

Growth & Margins

PAYSGDOTFISVFISWEXGPNMedian
NamePaySign Green DotFiserv Fidelity.WEX Global P. 
Rev Chg LTM43.4%19.0%1.9%18.3%7.5%14.8%16.5%
Rev Chg 3Y Avg32.0%14.3%5.2%8.0%4.3%0.0%6.6%
Rev Chg Q50.8%17.4%-2.0%29.1%14.3%63.1%23.3%
QoQ Delta Rev Chg LTM11.5%4.7%-0.5%6.7%3.5%14.9%5.7%
Op Inc Chg LTM206.2%-12.2%-15.1%14.7%6.5%-36.8%-2.9%
Op Inc Chg 3Y Avg602.8%58.1%11.3%12.9%4.3%-10.0%12.1%
Op Mgn LTM12.6%1.7%24.5%16.7%25.5%12.2%14.7%
Op Mgn 3Y Avg6.4%0.9%26.7%16.8%25.5%18.6%17.7%
QoQ Delta Op Mgn LTM3.6%0.3%-2.4%-0.2%0.8%-6.8%0.0%
CFO/Rev LTM84.5%5.7%28.5%24.4%9.4%20.4%22.4%
CFO/Rev 3Y Avg54.3%5.6%28.2%30.2%16.8%31.1%29.2%
FCF/Rev LTM76.0%2.4%19.6%15.7%1.8%12.0%13.9%
FCF/Rev 3Y Avg41.4%1.5%20.3%21.8%10.2%22.6%21.1%

Valuation

PAYSGDOTFISVFISWEXGPNMedian
NamePaySign Green DotFiserv Fidelity.WEX Global P. 
Mkt Cap0.50.729.822.86.624.114.7
P/S5.60.31.41.92.42.72.1
P/Op Inc44.419.55.811.29.222.315.3
P/EBIT44.419.55.611.79.216.013.8
P/E49.2-10.49.36.818.7-34.28.0
P/CFO6.65.95.07.725.013.37.1
Total Yield2.0%-9.6%10.7%18.6%5.3%-1.9%3.7%
Dividend Yield0.0%0.0%0.0%3.8%0.0%1.0%0.0%
FCF Yield 3Y Avg8.7%4.6%8.2%7.2%4.3%8.3%7.7%
D/E0.00.81.00.90.81.00.9
Net D/E-0.0-1.51.00.9-0.10.70.4

Returns

PAYSGDOTFISVFISWEXGPNMedian
NamePaySign Green DotFiserv Fidelity.WEX Global P. 
1M Rtn12.3%-1.1%6.6%5.9%29.2%12.2%9.4%
3M Rtn37.5%5.7%-2.6%-4.0%28.5%27.5%16.6%
6M Rtn144.9%9.9%-4.0%-11.4%31.1%32.2%20.5%
12M Rtn29.6%32.4%-59.0%-42.1%12.2%13.3%12.7%
3Y Rtn388.4%-20.1%-55.3%-18.5%-1.7%-25.7%-19.3%
1M Excs Rtn8.5%-3.1%5.1%4.6%23.8%11.4%6.8%
3M Excs Rtn28.0%-1.9%-18.6%-12.8%15.3%15.9%6.7%
6M Excs Rtn112.2%-3.1%-22.3%-30.4%12.7%12.6%4.7%
12M Excs Rtn5.9%9.6%-82.8%-65.7%-10.3%-9.5%-9.9%
3Y Excs Rtn302.2%-100.4%-124.2%-88.5%-68.4%-85.2%-86.8%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Vertically integrated provider of prepaid card products and processing services8258473829
Total8258473829


Price Behavior

Price Behavior
Market Price$9.28 
Market Cap ($ Bil)0.5 
First Trading Date02/23/2007 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$7.94$5.73
DMA Trendupup
Distance from DMA16.8%62.1%
 3M1YR
Volatility58.5%70.3%
Downside Capture-98.3278.94
Upside Capture55.5189.57
Correlation (SPY)0.1%14.8%
PAYS Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta0.420.14-0.070.680.821.22
Up Beta-1.30-0.98-2.02-0.020.280.99
Down Beta2.381.461.750.911.081.19
Up Capture100%69%56%184%82%440%
Bmk +ve Days11223567138427
Stock +ve Days13263869122368
Down Capture-41%-74%-114%-1%88%104%
Bmk -ve Days11212859114326
Stock -ve Days9172555122360

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PAYS
PAYS30.1%70.2%0.66-
Sector ETF (XLK)46.2%26.0%1.437.7%
Equity (SPY)25.2%12.9%1.4714.6%
Gold (GLD)21.1%28.1%0.676.4%
Commodities (DBC)28.3%19.8%1.14-6.0%
Real Estate (VNQ)15.6%13.8%0.8114.5%
Bitcoin (BTCUSD)-44.2%43.0%-1.2320.9%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PAYS
PAYS28.4%67.4%0.65-
Sector ETF (XLK)20.5%25.8%0.7129.6%
Equity (SPY)13.4%17.2%0.6033.5%
Gold (GLD)17.3%18.5%0.764.0%
Commodities (DBC)8.1%19.6%0.315.7%
Real Estate (VNQ)2.4%18.9%0.0225.8%
Bitcoin (BTCUSD)10.0%53.0%0.3817.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PAYS
PAYS8.6%73.9%0.47-
Sector ETF (XLK)24.7%24.9%0.9027.9%
Equity (SPY)15.4%17.9%0.7331.6%
Gold (GLD)11.6%16.1%0.584.2%
Commodities (DBC)7.0%18.0%0.3111.2%
Real Estate (VNQ)4.8%20.7%0.2027.0%
Bitcoin (BTCUSD)58.0%66.2%0.9812.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity1.6 Mil
Short Interest: % Change Since 6302026-1.8%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest3.5 days
Basic Shares Quantity55.2 Mil
Short % of Basic Shares2.8%

Returns Analyses

Earnings Returns History

Updated 6/15/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/12/2026-12.3%-10.4%0.6%
3/24/202636.6%56.5%61.5%
11/12/20250.0%-5.9%-2.0%
8/5/2025-26.7%-23.6%-26.4%
5/8/20251.5%41.7%82.8%
11/5/20246.0%0.5%-12.0%
7/31/2024-8.6%-16.9%-11.4%
5/7/2024-2.1%2.8%-9.2%
...
SUMMARY STATS   
# Positive91110
# Negative131112
Median Positive6.0%12.8%17.9%
Median Negative-12.3%-16.9%-12.8%
Max Positive36.6%56.5%82.8%
Max Negative-31.6%-32.4%-45.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/12/2026-12.3%-10.4%0.6%
3/24/202636.6%56.5%61.5%
11/12/20250.0%-5.9%-2.0%
8/5/2025-26.7%-23.6%-26.4%
5/8/20251.5%41.7%82.8%
11/5/20246.0%0.5%-12.0%
7/31/2024-8.6%-16.9%-11.4%
5/7/2024-2.1%2.8%-9.2%
11/7/202313.5%19.8%13.5%
8/8/20237.6%4.9%17.3%
5/10/2023-2.7%-0.3%-21.4%
3/22/20231.4%-3.0%-3.0%
11/8/2022-13.7%11.8%12.2%
8/9/20223.1%28.1%28.1%
5/11/2022-16.2%-4.7%10.8%
3/22/2022-14.4%-17.6%-28.0%
11/9/2021-10.9%-20.8%-34.3%
8/10/2021-0.8%1.2%18.5%
5/12/2021-4.9%24.3%18.8%
3/25/20217.9%12.8%-2.9%
11/17/2020-31.6%-17.8%-13.7%
8/13/2020-22.2%-32.4%-45.8%
SUMMARY STATS   
# Positive91110
# Negative131112
Median Positive6.0%12.8%17.9%
Median Negative-12.3%-16.9%-12.8%
Max Positive36.6%56.5%82.8%
Max Negative-31.6%-32.4%-45.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/13/202610-Q
12/31/202503/25/202610-K
09/30/202511/13/202510-Q
06/30/202508/06/202510-Q
03/31/202505/09/202510-Q
12/31/202403/26/202510-K
09/30/202411/06/202410-Q
06/30/202408/01/202410-Q
03/31/202405/08/202410-Q
12/31/202303/27/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/11/202310-Q
12/31/202203/22/202310-K
09/30/202211/09/202210-Q
06/30/202208/10/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/13/202610-Q
12/31/202503/25/202610-K
09/30/202511/13/202510-Q
06/30/202508/06/202510-Q
03/31/202505/09/202510-Q
12/31/202403/26/202510-K
09/30/202411/06/202410-Q
06/30/202408/01/202410-Q
03/31/202405/08/202410-Q
12/31/202303/27/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/11/202310-Q
12/31/202203/22/202310-K
09/30/202211/09/202210-Q
06/30/202208/10/202210-Q
03/31/202205/12/202210-Q
12/31/202103/23/202210-K
09/30/202111/10/202110-Q
06/30/202108/11/202110-Q
03/31/202105/12/202110-Q
12/31/202003/26/202110-K
09/30/202011/17/202010-Q
06/30/202008/14/202010-Q
03/31/202005/08/202010-Q
12/31/201904/03/202010-K
09/30/201911/06/201910-Q
06/30/201908/07/201910-Q

Recent Forward Guidance

Updated 7/27/2026

Latest: Q1 2026 Earnings Reported 5/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue26.20 Mil26.45 Mil26.70 Mil   
Q2 2026 Revenue growth (YoY)37.5%38.75%40.0%   
Q2 2026 Gross margin60.0%61.0%62.0%   
Q2 2026 Net income3.50 Mil3.75 Mil4.00 Mil   
Q2 2026 Diluted EPS0.060.070.07   
Q2 2026 Adjusted EBITDA7.70 Mil8.10 Mil8.50 Mil   
Q2 2026 Active patient affordability programs147148150   
Q2 2026 Plasma centers555558560   
2026 Revenue106.50 Mil108.50 Mil110.50 Mil0 AffirmedGuidance: 108.50 Mil for 2026
2026 Revenue growth (YoY)30.0%32.5%35.0% 0AffirmedGuidance: 32.5% for 2026
2026 Gross margin60.0%61.0%62.0% 0AffirmedGuidance: 61.0% for 2026
2026 Net income13.00 Mil14.50 Mil16.00 Mil0 AffirmedGuidance: 14.50 Mil for 2026
2026 Diluted EPS0.210.230.260 AffirmedGuidance: 0.23 for 2026
2026 Adjusted EBITDA30.00 Mil31.50 Mil33.00 Mil0 AffirmedGuidance: 31.50 Mil for 2026

Prior: Q4 2025 Earnings Reported 3/24/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue27.00 Mil27.25 Mil27.50 Mil   
Q1 2026 Operating Margin20.0%21.0%22.0%   
Q1 2026 Net Margin17.0%18.0%19.0%   
Q1 2026 Adjusted EBITDA Margin34.5%35.5%36.5%   
Q1 2026 EPS0.070.070.08   
2026 Revenue106.50 Mil108.50 Mil110.50 Mil34.0% Higher NewActual: 81.00 Mil for 2025
2026 Revenue Growth30.0%32.5%35.0%   
2026 Gross Profit Margin60.0%61.0%62.0%   
2026 Net Income13.00 Mil14.50 Mil16.00 Mil93.3% Higher NewActual: 7.50 Mil for 2025
2026 EPS0.210.230.2688.0% Higher NewActual: 0.12 for 2025
2026 Adjusted EBITDA30.00 Mil31.50 Mil33.00 Mil61.5% Higher NewActual: 19.50 Mil for 2025

Q3 2025 Earnings Reported 11/12/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2025 Revenue80.50 Mil81.00 Mil81.50 Mil4.5% RaisedGuidance: 77.50 Mil for 2025
2025 Operating Expenses41.50 Mil42.00 Mil42.50 Mil0 AffirmedGuidance: 42.00 Mil for 2025
2025 Depreciation and Amortization 8.40 Mil 0 AffirmedGuidance: 8.40 Mil for 2025
2025 Stock-based Compensation 4.30 Mil -2.3% LoweredGuidance: 4.40 Mil for 2025
2025 Interest Income 2.60 Mil 4.0% RaisedGuidance: 2.50 Mil for 2025
2025 Net Income7.00 Mil7.50 Mil8.00 Mil15.4% RaisedGuidance: 6.50 Mil for 2025
2025 EPS0.120.120.1313.6% RaisedGuidance: 0.11 for 2025
2025 Adjusted EBITDA19.00 Mil19.50 Mil20.00 Mil2.6% RaisedGuidance: 19.00 Mil for 2025

Insider Activity

Updated 8/4/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Newcomer, MarkCEODirectSell73120269.3850,000468,98586,499,847Form
2Mina, Bruce ADirectSell73120267.0910,00070,9501,834,058Form
3Mina, Bruce ADirectSell73120267.1010,00071,0001,906,350Form
4Herman, Joan MEVP, OperationsDirectSell71620268.6928,000243,4105,625,413Form
5Herman, Joan MEVP, OperationsDirectSell71620268.6031,904274,2535,803,338Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Newcomer, MarkCEODirectSell73120269.3850,000468,98586,499,847Form
2Mina, Bruce ADirectSell73120267.0910,00070,9501,834,058Form
3Mina, Bruce ADirectSell73120267.1010,00071,0001,906,350Form
4Herman, Joan MEVP, OperationsDirectSell71620268.6928,000243,4105,625,413Form
5Herman, Joan MEVP, OperationsDirectSell71620268.6031,904274,2535,803,338Form
6Herman, Joan MEVP, OperationsDirectSell63020268.01100,000801,1405,664,132Form
7Herman, Joan MEVP, OperationsDirectSell60320268.0029,202233,7306,459,219Form
8Herman, Joan MEVP, OperationsDirectSell52920267.0122,534158,0385,708,749Form
9Herman, Joan MEVP, OperationsDirectSell50620267.016,66746,7375,829,563Form
10Strobo, RobertChief Legal OfficerDirectSell121220255.4720,000109,4001,790,276Form
11Newcomer, MarkCEODirectSell80420257.0962,158440,39661,999,783Form
12Strobo, RobertChief Legal OfficerDirectSell80420257.0926,521187,9041,752,074Form
13Herman, Joan MEVP, OperationsDirectSell80420257.0914,160100,3255,820,998Form
14Baker, Jeffery BradfordChief Financial OfficerDirectSell80420257.0930,396215,3591,787,379Form
15Lanford, Matthew LouisChief Payments OfficerDirectSell80420257.0926,367186,8131,044,089Form

Investor Activity (13F)

Updated Aug 5, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Topline Capital Management, LLC$27.4 Mil4.5%43TRIM -15.7%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Topline Capital Management, LLC$27.4 Mil4.5%43TRIM -15.7%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Topline Capital Management, LLC$27.4 Mil4.5%43TRIM -15.7%13F
Core Cache Last Updated: 8/4/2026