Tearsheet

Paysafe (PSFE)


Market Price (12/18/2025): $7.95 | Market Cap: $458.1 Mil
Sector: Information Technology | Industry: Systems Software

Paysafe (PSFE)


Market Price (12/18/2025): $7.95
Market Cap: $458.1 Mil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%
Weak multi-year price returns
2Y Excs Rtn is -72%, 3Y Excs Rtn is -114%
Key risks
PSFE key risks include [1] a highly leveraged balance sheet with a substantial debt burden and [2] significant regulatory exposure from its concentration in high-risk verticals like iGaming.
1 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, Markets & Betting, and Crypto & Blockchain. Themes include Digital Payments, Show more.
  
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%
1 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, Markets & Betting, and Crypto & Blockchain. Themes include Digital Payments, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -72%, 3Y Excs Rtn is -114%
3 Key risks
PSFE key risks include [1] a highly leveraged balance sheet with a substantial debt burden and [2] significant regulatory exposure from its concentration in high-risk verticals like iGaming.

Valuation, Metrics & Events

PSFE Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Paysafe (PSFE) experienced a significant stock price decline of approximately 43.7% between August 31, 2025, and December 18, 2025, primarily due to several key factors.

1. Q3 2025 Earnings Miss: Paysafe reported its third-quarter 2025 financial results on November 13, 2025, which fell short of Wall Street's expectations. The company reported revenue of $433.8 million against an estimated $448.3 million, and non-GAAP earnings per share (EPS) of $0.70 versus an estimate of $0.75 per share, leading to a sharply negative market reaction. The stock notably slumped by 27.56% on November 13, 2025, immediately following the earnings release.

2. Increased Net Loss: Paysafe's net loss widened significantly in Q3 2025, reaching $87.7 million, compared to a net loss of $13.0 million in the prior-year period. This increased loss was mainly attributed to an $81.2 million charge to income tax expense, a result of an additional valuation allowance against U.S. deferred tax assets due to the "One Big Beautiful Bill Act" enacted in July 2025, and higher restructuring costs of $12.4 million.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
PSFE Return-74%-70%-8%34%-52%
Peers Return-22%-26%14%32%
S&P 500 Return16%27%-19%24%23%14%108%

Monthly Win Rates [3]
PSFE Win Rate100%42%25%50%50%42% 
Peers Win Rate62%45%43%58%60%44% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
PSFE Max Drawdown-78%-75%-33%-5%-62% 
Peers Max Drawdown-29%-41%-17%-12%-40% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: PYPL, FI, GPN, FIS, FOUR.
[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] 2025 data is for the year up to 12/17/2025 (YTD)

How Low Can It Go

Unique KeyEventPSFES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-96.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven2377.3%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-7.4%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven7.9%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven13 days148 days

Compare to GEN, PATH, S, VRNT, CHOW


In The Past

Paysafe's stock fell -96.0% during the 2022 Inflation Shock from a high on 1/21/2021. A -96.0% loss requires a 2377.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Paysafe (PSFE)

Better Bets than Paysafe (PSFE)

Latest Trefis Analyses

Title
0ARTICLES

Trade Ideas

Select past ideas related to PSFE. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
9.6%9.6%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
10.1%10.1%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
13.5%13.5%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
9.1%9.1%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
11.5%11.5%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
9.6%9.6%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
10.1%10.1%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
13.5%13.5%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
9.1%9.1%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
11.5%11.5%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Paysafe

Peers to compare with:

Financials

PSFEPYPLFIGPNFISFOURMedian
NamePaysafe PayPal Fiserv Global P.Fidelity.Shift4 P. 
Mkt Price7.9460.18-82.2266.3064.5364.53
Mkt Cap0.757.235.119.734.54.427.1
Rev LTM1,68332,86221,11210,68010,4643,87810,572
Op Inc LTM1316,2966,3442,1111,7423021,926
FCF LTM905,5655,1572,8661,7792992,323
FCF 3Y Avg-2935,2654,1292,2327862801,509
CFO LTM2206,4266,7723,5002,6325413,066
CFO 3Y Avg-1625,9725,6402,8771,6424652,260

Growth & Margins

PSFEPYPLFIGPNFISFOURMedian
NamePaysafe PayPal Fiserv Global P.Fidelity.Shift4 P. 
Rev Chg LTM-1.0%4.5%6.7%21.0%4.2%23.2%5.6%
Rev Chg 3Y Avg4.4%6.7%7.5%6.8%6.2%27.9%6.8%
Rev Chg Q1.6%7.3%8.0%0.5%5.7%29.4%6.5%
QoQ Delta Rev Chg LTM0.4%1.8%2.0%0.1%1.4%7.4%1.6%
Op Mgn LTM7.8%19.2%30.0%19.8%16.6%7.8%17.9%
Op Mgn 3Y Avg8.6%17.9%26.7%19.8%16.1%6.8%17.0%
QoQ Delta Op Mgn LTM1.0%0.1%0.7%-0.1%-0.6%0.3%0.2%
CFO/Rev LTM13.1%19.6%32.1%32.8%25.2%14.0%22.4%
CFO/Rev 3Y Avg-11.1%19.0%28.4%29.7%16.0%15.1%17.5%
FCF/Rev LTM5.3%16.9%24.4%26.8%17.0%7.7%17.0%
FCF/Rev 3Y Avg-19.0%16.8%20.7%23.0%7.5%9.2%13.0%

Valuation

PSFEPYPLFIGPNFISFOURMedian
NamePaysafe PayPal Fiserv Global P.Fidelity.Shift4 P. 
Mkt Cap0.757.235.119.734.54.427.1
P/S0.41.93.41.93.31.41.9
P/EBIT-9.811.56.920.513.011.5
P/E-6.013.021.011.4226.027.217.0
P/CFO3.49.910.55.713.19.89.9
Total Yield-16.6%7.7%4.8%10.0%2.9%3.7%4.2%
Dividend Yield0.0%0.0%0.0%1.2%2.4%0.0%0.0%
FCF Yield 3Y Avg-7.5%5.3%9.4%1.9%6.2%6.2%
D/E-0.20.40.80.40.90.4
Net D/E-0.00.40.70.40.60.4

Returns

PSFEPYPLFIGPNFISFOURMedian
NamePaysafe PayPal Fiserv Global P.Fidelity.Shift4 P. 
1M Rtn17.5%-2.8%-13.6%4.3%-4.6%4.3%
3M Rtn-43.2%-12.1%--3.4%-0.7%-25.7%-12.1%
6M Rtn-34.7%-12.0%-8.6%-16.6%-29.7%-16.6%
12M Rtn-56.1%-33.6%--27.5%-18.5%-37.6%-33.6%
3Y Rtn-34.7%-12.9%--10.6%3.4%24.3%-10.6%
1M Excs Rtn16.7%-3.5%-12.9%3.6%-5.3%3.6%
3M Excs Rtn-45.0%-13.3%--5.5%-0.6%-26.6%-13.3%
6M Excs Rtn-47.1%-24.4%--3.8%-29.0%-42.1%-29.0%
12M Excs Rtn-68.5%-44.8%--38.2%-30.5%-47.7%-44.8%
3Y Excs Rtn-113.8%-86.7%--83.2%-67.9%-45.6%-83.2%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Merchant Solutions878817745611 
Digital Wallets735686750 424
Elimination of intersegment revenue-12-7-8  
Corporate 0   
Digital Commerce   816 
ECash Solutions    265
Integrated Processing    729
Total1,6011,4961,4871,4261,418


Operating Income by Segment
$ Mil20242023202220212020
Digital Wallets319    
Integrated Processing222    
(Loss) / gain on disposal of subsidiaries and other assets, net-0    
Impairment expense on goodwill and other assets-1    
Restructuring and other costs-6    
Share-based compensation-29    
Unallocated Corporate costs-82    
Depreciation and amortization-263    
Total159    


Price Behavior

Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity2,470,122
Short Interest: % Change Since 111520251.6%
Average Daily Volume697,384
Days-to-Cover Short Interest3.54
Basic Shares Quantity57,626,623
Short % of Basic Shares4.3%

SEC Filings

Expand for More

Report DateFiling DateFiling
9302025111320256-K 9/30/2025
630202581420256-K 6/30/2025
331202551320256-K 3/31/2025
12312024304202520-F 12/31/2024
9302024111320246-K 9/30/2024
630202481320246-K 6/30/2024
331202451320246-K 3/31/2024
12312023320202420-F 12/31/2023
9302023111420236-K 9/30/2023
630202381620236-K 6/30/2023
331202351720236-K 3/31/2023
12312022315202320-F 12/31/2022
9302022111720226-K 9/30/2022
6302022101920226-K 6/30/2022
331202251820226-K 3/31/2022
12312021328202220-F 12/31/2021