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Paymentus Holdings, Inc. (PAY) Fundamental Analysis & AI Grade 2026

PAY NYSE Services-Business Services, NEC DE CIK: 0001841156
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Grade
A
65% Confidence
N/A
A
65% Conf
Pending
Analysis scheduled

📊 PAY Key Takeaways

Revenue: $358.4M
Net Margin: 5.8%
Free Cash Flow: $30.4M
Current Ratio: 4.41x
Debt/Equity: 0.00x
EPS: $0.16
AI Grade: A with 65% confidence
Paymentus Holdings, Inc. (PAY) receives a A fundamental grade with 65% confidence from our AI analysis based on SEC 10-K filings. With revenue of $358.4M, net profit margin of 5.8%, and return on equity (ROE) of 3.6%, Paymentus Holdings, Inc. demonstrates strong fundamentals in the Services sector. Below is our complete PAY stock analysis for 2026.

Is Paymentus Holdings, Inc. (PAY) a Good Investment?

Claude

Paymentus demonstrates strong revenue growth (37.3% YoY) with accelerating earnings (48.6% EPS growth), indicating emerging operating leverage. Fortress balance sheet with $338.8M cash, zero debt, and 4.41x current ratio, plus positive free cash flow ($30.4M), provides financial strength to execute growth strategy. However, thin profitability margins (5.8% net, 7.4% operating) and weak returns on capital (3.6% ROE, 3.0% ROA) present near-term risks if growth moderates.

Paymentus Holdings, Inc. Key Strengths (PAY)

Claude
  • + Strong revenue growth momentum (37.3% YoY) with accelerating earnings (48.6% EPS growth) indicating operating leverage
  • + Fortress balance sheet with $338.8M cash, zero debt, Debt/Equity of 0.0x, and 4.41x current ratio providing substantial financial flexibility
  • + Positive and growing free cash flow ($30.4M) with healthy 8.5% FCF margin demonstrates underlying cash generation

PAY Stock Risks: Paymentus Holdings, Inc. Investment Risks

Claude
  • ! Thin profitability margins (5.8% net margin, 7.4% operating margin) suggest limited pricing power or operational efficiency constraints
  • ! Very low returns on capital (3.6% ROE, 3.0% ROA) indicate inefficient capital deployment despite rapid revenue growth
  • ! Growth sustainability risk - rapid 37% revenue growth may not be maintainable; if growth decelerates without corresponding margin expansion, profitability will deteriorate

Key Metrics to Watch

Claude
  • * Operating margin expansion trajectory - critical measure of whether scale drives operational profitability
  • * Return on equity (ROE) and ROA progression - must improve from current depressed levels to validate capital deployment strategy
  • * Revenue growth rate deceleration - track if growth moderates toward industry norms and concurrent margin impacts

Paymentus Holdings, Inc. (PAY) Financial Metrics & Key Ratios

Revenue
$358.4M
Net Income
$20.9M
EPS (Diluted)
$0.16
Free Cash Flow
$30.4M
Total Assets
$698.6M
Cash Position
$338.8M

💡 AI Analyst Insight

Strong liquidity with a 4.41x current ratio provides a solid financial cushion.

PAY Profit Margin, ROE & Profitability Analysis

Gross Margin 24.1%
Operating Margin 7.4%
Net Margin 5.8%
ROE 3.6%
ROA 3.0%
FCF Margin 8.5%

PAY vs Services Sector: How Paymentus Holdings, Inc. Compares

How Paymentus Holdings, Inc. compares to Services sector averages

Net Margin
PAY 5.8%
vs
Sector Avg 10.0%
PAY Sector
ROE
PAY 3.6%
vs
Sector Avg 16.0%
PAY Sector
Current Ratio
PAY 4.4x
vs
Sector Avg 1.5x
PAY Sector
Debt/Equity
PAY 0.0x
vs
Sector Avg 0.7x
PAY Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Paymentus Holdings, Inc. Stock Overvalued? PAY Valuation Analysis 2026

Based on fundamental analysis, Paymentus Holdings, Inc. has mixed fundamental signals relative to the Services sector in 2026.

Return on Equity
3.6%
Sector avg: 16%
Net Profit Margin
5.8%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Paymentus Holdings, Inc. Balance Sheet: PAY Debt, Cash & Liquidity

Current Ratio
4.41x
Quick Ratio
4.41x
Debt/Equity
0.00x
Debt/Assets
16.5%
Interest Coverage
N/A
Long-term Debt
N/A

PAY Revenue & Earnings Growth: 5-Year Financial Trend

PAY 5-year financial data: Year 2021: Revenue $395.5M, Net Income $13.7M, EPS $0.08. Year 2022: Revenue $497.0M, Net Income $13.7M, EPS $0.08. Year 2023: Revenue $614.5M, Net Income $9.3M, EPS $0.06. Year 2024: Revenue $871.7M, Net Income -$513.0K, EPS $0.00. Year 2025: Revenue $1.2B, Net Income $22.3M, EPS $0.18.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Paymentus Holdings, Inc.'s revenue has grown significantly by 203% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.18 reflects profitable operations.

PAY Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
8.5%
Free cash flow / Revenue

PAY Quarterly Earnings & Performance

Quarterly financial performance data for Paymentus Holdings, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $275.2M $13.8M $0.11
Q3 2025 $231.6M $7.2M $0.11
Q2 2025 $197.4M $7.2M $0.07
Q1 2025 $184.9M $7.2M $0.06
Q3 2024 $152.4M $704.0K $0.05
Q2 2024 $148.9M $704.0K $0.05
Q1 2024 $148.3M $704.0K $0.01
Q3 2023 $128.2M $704.0K $-0.01

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Paymentus Holdings, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$30.5M
Cash generated from operations
Capital Expenditures
$80.0K
Investment in assets
Dividends
None
No dividend program

PAY SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Paymentus Holdings, Inc. (CIK: 0001841156)

📋 Recent SEC Filings

Date Form Document Action
May 29, 2026 4 xslF345X06/ownership.xml View →
May 29, 2026 4 xslF345X06/ownership.xml View →
May 29, 2026 4 xslF345X06/ownership.xml View →
May 18, 2026 4 xslF345X06/ownership.xml View →
May 18, 2026 4 xslF345X06/ownership.xml View →

Frequently Asked Questions about PAY

What is the AI rating for PAY?

Paymentus Holdings, Inc. (PAY) has an AI grade of A with 65% confidence, based on fundamental analysis of SEC EDGAR filings.

What are PAY's key strengths?

Claude: Strong revenue growth momentum (37.3% YoY) with accelerating earnings (48.6% EPS growth) indicating operating leverage. Fortress balance sheet with $338.8M cash, zero debt, Debt/Equity of 0.0x, and 4.41x current ratio providing substantial financial flexibility.

What are the risks of investing in PAY?

Claude: Thin profitability margins (5.8% net margin, 7.4% operating margin) suggest limited pricing power or operational efficiency constraints. Very low returns on capital (3.6% ROE, 3.0% ROA) indicate inefficient capital deployment despite rapid revenue growth.

What is PAY's revenue and growth?

Paymentus Holdings, Inc. reported revenue of $358.4M.

Does PAY pay dividends?

Paymentus Holdings, Inc. does not currently pay dividends.

Where can I find PAY SEC filings?

Official SEC filings for Paymentus Holdings, Inc. (CIK: 0001841156) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is PAY's EPS?

Paymentus Holdings, Inc. has a diluted EPS of $0.16.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is PAY's fundamental grade?

Based on our AI fundamental analysis in May 2026, Paymentus Holdings, Inc. has a A grade with 65% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is PAY stock overvalued or undervalued?

Valuation metrics for PAY: ROE of 3.6% (sector avg: 16%), net margin of 5.8% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

What is PAY's AI grade for 2026?

Our dual AI analysis gives Paymentus Holdings, Inc. a combined A grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is PAY's free cash flow?

Paymentus Holdings, Inc.'s operating cash flow is $30.5M, with capital expenditures of $80.0K. FCF margin is 8.5%.

How does PAY compare to other Services stocks?

Vs Services sector averages: Net margin 5.8% (avg: 10%), ROE 3.6% (avg: 16%), current ratio 4.41 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI