Paysign (NASDAQ:PAYS) Announces Earnings Results

Paysign (NASDAQ:PAYS) announced its earnings results on Wednesday. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05, FiscalAI reports. The company had revenue of $28.25 million during the quarter, compared to analyst estimates of $26.36 million. Paysign had a net margin of 15.67% and a return on equity of 31.70%. Paysign updated its FY 2026 guidance to 0.350-0.370 EPS and its Q3 2026 guidance to 0.090-0.100 EPS.

Here are the key takeaways from Paysign’s conference call:

• Record second-quarter results included revenue of $28.3 million, up 48% year over year, net income of $6.8 million, and adjusted EBITDA of $9.6 million, up 113%; gross margin expanded to 63.3%.
• Patient Affordability remained the primary growth engine, with revenue rising 89% to $14.6 million, claims increasing approximately 54%, and active programs reaching 148, up from 97 a year ago. Management expects to match or exceed 55 net program additions in 2026 and sees a substantial addressable market.
• The plasma business showed recovery, with revenue up 21.4% to $13 million and monthly revenue per center reaching $7,699, its highest level since the third quarter of 2024. Management said the prior inventory overhang has largely normalized, although the center count declined to 561 after closures.
• Paysign raised its full-year 2026 outlook to revenue of $114 million-$117 million, gross margin of 62%-63%, GAAP net income of $21.5 million-$23 million, and adjusted EBITDA of $35 million-$38 million. The company ended the quarter with $27.4 million in unrestricted cash and no bank debt.
• Management expects fourth-quarter profitability to be weaker than the third quarter because of seasonal mix, holiday-related software capitalization effects, higher expected taxes, and planned hiring to support continued Patient Affordability growth. Full-year GAAP earnings also include a one-time, non-cash $990,000 benefit tied to the Gamma acquisition earn-out liability.

Paysign Stock Performance

Shares of NASDAQ:PAYS traded down $0.26 during trading hours on Friday, reaching $12.14. The stock had a trading volume of 484,687 shares, compared to its average volume of 693,161. The firm’s 50 day moving average is $8.20 and its 200-day moving average is $6.06. The stock has a market capitalization of $678.75 million, a price-to-earnings ratio of 46.69 and a beta of 0.74. Paysign has a 1 year low of $3.08 and a 1 year high of $12.85.

Insider Activity

In related news, EVP Joan M. Herman sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $8.01, for a total value of $801,000.00. Following the completion of the transaction, the executive vice president directly owned 707,009 shares of the company’s stock, valued at $5,663,142.09. This represents a 12.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Newcomer sold 50,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $9.38, for a total transaction of $469,000.00. Following the completion of the transaction, the chief executive officer owned 9,222,027 shares in the company, valued at $86,502,613.26. This represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 221,736 shares of company stock worth $1,803,479. 24.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PAYS. Goldman Sachs Group Inc. raised its stake in Paysign by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company’s stock valued at $548,000 after acquiring an additional 17,466 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Paysign during the first quarter worth $51,000. Rhumbline Advisers lifted its holdings in shares of Paysign by 5.2% during the first quarter. Rhumbline Advisers now owns 46,587 shares of the company’s stock worth $99,000 after purchasing an additional 2,303 shares during the period. Geode Capital Management LLC grew its position in Paysign by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 788,500 shares of the company’s stock valued at $5,679,000 after buying an additional 12,490 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Paysign by 19.1% in the 2nd quarter. Invesco Ltd. now owns 16,942 shares of the company’s stock valued at $122,000 after buying an additional 2,716 shares during the period. Institutional investors and hedge funds own 25.89% of the company’s stock.

Wall Street Analyst Weigh In

PAYS has been the subject of a number of research analyst reports. Barrington Research set a $11.00 target price on Paysign in a report on Monday. DA Davidson raised their price objective on shares of Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday. Lake Street Capital restated a “buy” rating and issued a $13.00 price objective on shares of Paysign in a report on Thursday. Wall Street Zen downgraded shares of Paysign from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings raised shares of Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Paysign currently has a consensus rating of “Buy” and a consensus target price of $12.00.

Paysign Company Profile

Paysign, Inc (NASDAQ:PAYS) is a U.S.-based financial technology company specializing in prepaid payment solutions. Through its cloud-based platform, the company enables corporations, government agencies and payroll providers to issue and manage stored-value cards, digital wallets and disbursement programs. Paysign’s offerings span gift and incentive cards, payroll and earned-wage access cards, government benefit distribution, tax refund solutions and health savings account disbursements.

The company’s flagship Paysign Experience Platform provides configurable card programs with real-time transaction reporting, fraud monitoring and regulatory compliance tools.