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How Paid (PAYD) makes money

Paid (PAYD) made $5.9M of revenue in the second quarter 2026 (Q2 2026), +8% from a year earlier. Shipping Coordination and Label Generation Services brought in $5.8M (99%); Warehousing Services brought in $26K (0%); Merchant Processing Services brought in $3K (0%).

Drawing the Sankey…

Paid revenue by segment, Q2 2026Paid revenue by segment, Q2 2026Shipping Coordination and Label G…$5.8MWarehousing Services$26KMerchant Processing Services$3K
Paid: revenue by line, Q1 2025 to Q2 2026Paid: revenue by line, Q1 2025 to Q2 2026Shipping Coordination…Warehousing ServicesMerchant Processing S…ServiceShipping Coordination and Label Generation Services: $5.8M latest$5.8MWarehousing Services: $26K latestMerchant Processing Services: $3K latestService: $0 latestQ1 2025Q2 2025Q3 2025Q1 2026Q2 2026
The mix barely moved between Q1 2025 and Q2 2026.
Paid revenue by quarterPaid revenue by quarter$5.4MQ4 2024$4.4MQ1 2025$5.4MQ2 2025$5.5MQ3 2025$5.4MQ4 2025$5.3MQ1 2026$5.9MQ2 2026
Paid: where each dollar of revenue goesPaid: where each dollar of revenue goesOperating cash flow4¢Free cash flow4¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Shipping Coordination and Label Generation Services$5.8M99.5%+11%+8%
Warehousing Services$26K0.4%-65%—
Merchant Processing Services$3K0.1%-46%-62%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$5.9M100.0%
Operating cash flow$218K3.7%
Free cash flow$217K3.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$5.9M+8%
Q1 2026$5.3M+22%
Q4 2025$5.4M+0.3%
Q3 2025$5.5M+24%
Q2 2025$5.4M+18%
Q1 2025$4.4M+5%
Q4 2024$5.4M+19%

From Paid's 10-Q filed Aug 14, 2026 (on EDGAR).

Questions

How does Paid make money?

Paid (PAYD) made $5.9M of revenue in the second quarter 2026 (Q2 2026), +8% from a year earlier. Shipping Coordination and Label Generation Services brought in $5.8M (99%); Warehousing Services brought in $26K (0%); Merchant Processing Services brought in $3K (0%).

What is Paid's biggest business?

Shipping Coordination and Label Generation Services: $5.8M in the second quarter 2026, 99% of revenue, +8% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.