Filing Flows › Paid (PAYD) › Q4 2025
Paid (PAYD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Paid (PAYD) reported revenue of $5.4M for the fourth quarter 2025 (Q4 2025), +0.3% from a year earlier and -2% from the quarter before. Operating margin was -2.1%, net earnings $146K (2.7% of revenue).
Paid, Q4 2025: revenue $5.4M (+0.3% year over year), operating margin -2.1%, net earnings $146K, operating cash flow $26K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.4M | -2% | +0.3% |
| Operating profit | −$114K | -550% | — |
| Net earnings | $146K | +353% | — |
| Operating cash flow | $26K | -85% | -96% |
| Free cash flow | $26K | -85% | -96% |
What changed
Revenue was $5.4M in Q4 2025, roughly flat year over year and down 2% from the previous quarter.
Gross margin was 21.2%, up 5.2 points from Q4 2024. Operating costs exceeded revenue by $114K, an operating margin of -2.1%. Operating expenses grew 15% against flat revenue. The fastest-growing cost line was Other operating costs (+77%). Net earnings were $146K.
Operating cash flow was $26K (down 96% year over year), 18% of net earnings. Non-cash charges added back $73K of depreciation and amortization and $244K of share-based compensation. Working capital and other items used $437K. Capital expenditures of $0K left free cash flow of $26K.
Questions
What was Paid's revenue in the fourth quarter 2025?
Paid (PAYD) reported revenue of $5.4M for the fourth quarter 2025 (Q4 2025), +0.3% from a year earlier and -2% from the quarter before.
Was Paid profitable in the fourth quarter 2025?
Operating loss was $114K (-2.1% of revenue) and net earnings $146K.
Source: Paid 10-K on SEC EDGAR.