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Paysign, Inc.

PAYSTechnologyNASDAQ

Software - Infrastructure

PriceMA150MA200
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Financials · Annual
Revenue
$82.0M
+40.5% YoY
Net Income
$7.6M
+97.9% YoY
EBITDA
$15.7M
+123.5% YoY
Free Cash Flow
$8.8M

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About Paysign, Inc.

Paysign, Inc. provides prepaid card programs, patient affordability offerings, digital banking, life science software technology solutions, and integrated payment processing services for businesses, consumers, and. The $433.3M market capitalization puts PAYS squarely in small-cap range for its industry. The company offers solutions for corporate rewards, prepaid gift cards, general-purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card and software solutions.

Key stats
Market Cap$433.3M
P/E (TTM)45.59
Fwd P/E17.75
EPS$0.17
Beta0.72
52W Change+79.0%
ROE22.1%
Analysis

The balance sheet looks solid with $20.5M in cash comfortably exceeding the $5.9M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company generates $8.8M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 22.1%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.7% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $38.0M (2022) to $82.0M (2025), reflecting a 116% increase over the period.

The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing PAYS.

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