Filing Flows › Paid (PAYD) › Q3 2025
Paid (PAYD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Paid (PAYD) reported revenue of $5.5M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +1% from the quarter before. Operating margin was 0.5%, net earnings $32K (0.6% of revenue).
Paid, Q3 2025: revenue $5.5M (+24% year over year), operating margin 0.5%, net earnings $32K, operating cash flow $173K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.5M | +1% | +24% |
| Gross profit | $1.3M | +6% | +18% |
| Operating profit | $25K | — | — |
| Net earnings | $32K | — | — |
| Operating cash flow | $173K | -23% | — |
| Free cash flow | $173K | -23% | — |
What changed
Revenue was $5.5M in Q3 2025, up 24% year over year and up 1% from the previous quarter. Shipping Coordination and Label Generation Services was the largest line at 100% of revenue. Shipping Coordination and Label Generation Services added $1.1M year over year (up 24%), 101% of the total change. Merchant Processing Services declined 73%.
Gross margin was 23.2%, down 1.2 points from a year earlier. Operating profit was $25K, a 0.5% margin (up 3.8 points year over year). Operating expenses grew 2% against revenue growth of 24%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $32K. The effective tax rate was 16.6%. Non-operating items added $13K, 35% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $173K, 538% of net earnings. Non-cash charges added back $74K of depreciation and amortization and $112K of share-based compensation. Working capital and other items used $45K. Capital expenditures of $0K left free cash flow of $173K.
Questions
What was Paid's revenue in the third quarter 2025?
Paid (PAYD) reported revenue of $5.5M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +1% from the quarter before.
Was Paid profitable in the third quarter 2025?
Operating profit was $25K (0.5% of revenue) and net earnings $32K.
Source: Paid 10-Q on SEC EDGAR.