PAYMENTUS HOLDINGS Reports Second Quarter Earnings Results for 2023 Fiscal Year

August 29, 2023

🌥️Earnings Overview

Paymentus Holdings ($NYSE:PAY) reported their financial results for the second quarter of their 2023 fiscal year, which ended on June 30th, 2023. Their total revenue was reported to be USD 148.9 million, representing a 24.1% year-over-year increase. Net income for the period was USD 5.8 million, compared to a loss of -2.4 million the previous year.

Stock Price

The stock opened at $11.1, but quickly fell throughout the day, closing at $10.7, a 2.9% decrease from its previous closing of $11.0. Despite this dip, the company reported an overall increase in profits and revenues from the previous quarter. Overall, PAYMENTUS HOLDINGS had a strong quarter and proved that despite the volatile stock market, their performance remains strong and resilient. They are well-positioned for future growth and success and their shareholders should remain confident in their investments in the company. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Paymentus Holdings. More…

    Total Revenues Net Income Net Margin
    557.6 6.76 1.2%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Paymentus Holdings. More…

    Operations Investing Financing
    44.02 -36.14 -63.11
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Paymentus Holdings. More…

    Total Assets Total Liabilities Book Value Per Share
    475.39 66.94 3.31
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Paymentus Holdings are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    28.2% 0.8%
    FCF Margin ROE ROA
    2.0% 0.7% 0.6%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have conducted an analysis of PAYMENTUS HOLDINGS‘s fundamentals. According to our Star Chart, PAYMENTUS HOLDINGS has a high health score of 9/10 with regard to its cashflows and debt, indicating that it is capable of funding future operations and paying off debt. PAYMENTUS HOLDINGS is strong in asset, growth, and medium in profitability, but weak in dividend. We have classified PAYMENTUS HOLDINGS as a ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. We believe that value investors, growth investors, and income investors may be interested in such a company. Value investors may be drawn to PAYMENTUS HOLDINGS’s strong asset base, while growth investors may be interested in the company’s high potential for revenue growth. Finally, income investors may be interested in PAYMENTUS HOLDINGS’s dividend potential in the future. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The competition between Paymentus Holdings Inc and its competitors is fierce. All of the companies are striving to be the best in the industry and offer the most innovative and convenient payment solutions to their customers. The company offers a variety of features and benefits that its competitors cannot match.

    – Ease2pay NV ($LTS:0E63)

    Ease2pay NV is a provider of online payment solutions. The company offers a range of products and services that allow businesses to accept and process payments online. Ease2pay NV has a market cap of 42.33M as of 2022. The company’s Return on Equity for the same period is -6.13%.

    – Appliqate Inc ($OTCPK:APQT)

    Mobi724 Global Solutions Inc is a Canadian financial technology company. The company provides white label mobile payment solutions and processing services to financial institutions and businesses. Mobi724’s solutions include point-of-sale (POS) payment terminals, mobile wallets, and prepaid cards.

    Mobi724 Global Solutions Inc has a market cap of 4.28M as of 2022. The company’s return on equity (ROE) is 24.7%.

    Mobi724 Global Solutions Inc is a Canadian financial technology company that provides white label mobile payment solutions and processing services to financial institutions and businesses. The company’s solutions include point-of-sale (POS) payment terminals, mobile wallets, and prepaid cards.

    Summary

    Paymentus Holdings has reported strong second quarter earnings for 2023, with total revenue up 24.1% year-on-year and net income increasing to $5.8 million compared to a loss of -$2.4 million the previous year. This is a sign of strong performance from the company and investors should have confidence in the long-term prospects of Paymentus Holdings. With a growing customer base, new product offerings, and expanding market reach, Paymentus Holdings looks to be a sound investment for investors looking for long-term returns.

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