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Paysign cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$1.2M in Q2 2026 · $73.5M over twelve months

Operating cash flow$1.3M
Capital spending−$103K
Free cash flow+$1.2M
Cash / net income0.2×
Cash conversion cycle-496 days

Analysis

In Q2 2026, Paysign generated $1.3M of operating cash flow and spent $103K on capital projects, leaving free cash flow of $1.2M. That is $2.4M less than in Q2 2025 ($3.6M).

Over the twelve months to Jun 30, 2026, operating cash flow was $74.9M; the largest uses were other investing ($5.9M), other financing ($5.2M), capital spending ($1.4M); besides operations, cash came from shares issued ($195K); the cash balance rose by $62.6M.

Operating cash flow was $1.3M against net income of $6.8M — 0.2× profit, less cash than reported earnings, worth checking against working capital. The largest differences: payables +$10.2M, deferred revenue −$9.9M, receivables −$8.9M.

Its cash conversion cycle was -496 days (receivables 318 + inventory 0 − payables 814): suppliers fund its working capital.

Free cash flow

Paysign: free cash flow by quarterPaysign: free cash flow by quarter−$20.3MQ3 2024$14.2MQ4 2024−$6.1MQ1 2025$3.6MQ2 2025$6.3MQ3 2025$47.5MQ4 2025$18.5MQ1 2026$1.2MQ2 2026
Operating cash flow less capital spending.
Paysign: operating cash flow against capital spendingPaysign: operating cash flow against capital spendingOperating cash flowCapital spending−$20.2M$122KQ3 2024$14.3M$117KQ4 2024−$6.0M$79KQ1 2025$3.6M$86KQ2 2025$6.8M$454KQ3 2025$48.1M$591KQ4 2025$18.8M$266KQ1 2026$1.3M$103KQ2 2026
Latest (Q2 2026): Operating cash flow $1.3M, Capital spending $103K.

Capital allocation, year by year

Paysign: where the cash came from (up) and went (down), by fiscal yearPaysign: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedCapital spendingBuybacksFY2021: Operating cash flow $15.2MFY2021: Shares issued $192KFY2021: Capital spending −$329K$15.4MFY2021FY2022: Operating cash flow $25.3MFY2022: Capital spending −$105K$25.3MFY2022FY2023: Operating cash flow $27.6MFY2023: Shares issued $10KFY2023: Capital spending −$263KFY2023: Buybacks −$1.1M$27.6MFY2023FY2024: Operating cash flow $22.9MFY2024: Shares issued $29KFY2024: Capital spending −$435KFY2024: Buybacks −$495K$23.0MFY2024FY2025: Operating cash flow $52.5MFY2025: Shares issued $661KFY2025: Capital spending −$1.2MFY2025: Buybacks −$376K$53.1MFY2025
Over these 5 years operating cash flow totalled $144M; the largest uses were capital spending ($2.3M) and buybacks ($2.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$27.4M
Debt$5.3M
Net cash$22.1M
Due within a year$1.7M

Paysign funds itself: free cash flow was $73.5M over the last twelve months, and $27.4M of cash and investments stands against $5.3M of debt ($1.7M due within a year, 16.2× covered by cash).

Where the cash came from and went

Paysign: sources (+) and uses (−) of cash, Q2 2026Paysign: sources (+) and uses (−) of cash, Q2 2026Other financing−$3.1MCash drawn (+) / kept (−)$3.0MOther investing−$1.3MOperating cash flow$1.3MBuybacks$200KCapital spending−$103K
Paysign: sources (+) and uses (−) of cash, TTM to Q2 2026Paysign: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$74.9MCash drawn (+) / kept (−)−$62.6MOther investing−$5.9MOther financing−$5.2MCapital spending−$1.4MShares issued$195K

From profit to cash

Paysign: net income to operating cash flow, Q2 2026Paysign: net income to operating cash flow, Q2 2026Net income$6.8MDepreciation & amortization$2.3MStock-based pay$1.3MDeferred taxes$301KReceivables−$8.9MPayables$10.2MDeferred revenue−$9.9MPrepaid and other assets$235KOperating cash flow$1.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 2026318—814-496
Q1 2026267—724-457
Q4 2025246—525-279
Q3 2025194—384-191
Q2 2025223—549-326
Q1 2025205—542-337
Q4 2024193—500-307
Q3 2024177—581-404

Every quarter

QuarterOperating cash flowCapital spendingBuybacksShares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$1.3M−$103K$200K—$3.0M$1.2M
Q1 2026$18.8M−$266K−$200K—−$14.5M$18.5M
Q4 2025$48.1M−$591K——−$46.4M$47.5M
Q3 2025$6.8M−$454K—$69K−$4.6M$6.3M
Q2 2025$3.6M−$86K——−$2.4M$3.6M
Q1 2025−$6.0M−$79K−$376K—$10.9M−$6.1M
Q4 2024$14.3M−$117K−$135K—−$11.8M$14.2M
Q3 2024−$20.2M−$122K−$360K$5K$23.0M−$20.3M

Paysign: income statement and cash flow

Paysign, Q2 2026: revenue $28.3M (+48% year over year), operating margin 24.8%. The chart follows the revenue to costs, profit and cash.

Paysign: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.