Filing Flows › Paid (PAYD) › Q1 2026
Paid (PAYD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Paid (PAYD) reported revenue of $5.3M for the first quarter 2026 (Q1 2026), +22% from a year earlier and -1% from the quarter before. Operating margin was -2.2%, net loss $42K (0.8% of revenue).
Paid, Q1 2026: revenue $5.3M (+22% year over year), operating margin -2.2%, net loss $42K, operating cash flow −$131K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.3M | -1% | +22% |
| Operating profit | −$118K | — | — |
| Net earnings | −$42K | -129% | — |
| Operating cash flow | −$131K | -606% | — |
What changed
Revenue was $5.3M in Q1 2026, up 22% year over year and down 1% from the previous quarter. Shipping Coordination and Label Generation Services was the largest line at 98% of revenue. Shipping Coordination and Label Generation Services added $899K year over year (up 21%), 95% of the total change. Merchant Processing Services declined 81%.
Gross margin was 19.9%, down 3.4 points from Q1 2025. Operating costs exceeded revenue by $118K, an operating margin of -2.2%. Operating expenses fell 0% while revenue rose 22%. The fastest-growing cost line was Other operating costs (+23%). The quarter ended with a net loss of $42K, after a profit of $146K the previous quarter. Non-operating items added $77K, -187% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$131K. Non-cash charges added back $74K of depreciation and amortization and $61K of share-based compensation. Working capital and other items used $225K. Capital expenditures of $2K exceeded it, leaving free cash flow of −$133K.
Questions
What was Paid's revenue in the first quarter 2026?
Paid (PAYD) reported revenue of $5.3M for the first quarter 2026 (Q1 2026), +22% from a year earlier and -1% from the quarter before.
Was Paid profitable in the first quarter 2026?
Operating loss was $118K (-2.2% of revenue) and net loss $42K.
Source: Paid 10-Q on SEC EDGAR.