Filing Flows › Paysign (PAYS) › Q1 2026
Paysign (PAYS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Paysign (PAYS) reported revenue of $28.0M for the first quarter 2026 (Q1 2026), +51% from a year earlier and +23% from the quarter before. Operating margin was 23.8%, net earnings $5.4M (19.4% of revenue).
Paysign, Q1 2026: revenue $28.0M (+51% year over year), operating margin 23.8%, net earnings $5.4M, operating cash flow $18.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.0M | +23% | +51% |
| Gross profit | $18.2M | +39% | +56% |
| Operating profit | $6.7M | +260% | +168% |
| Net earnings | $5.4M | +299% | +110% |
| Operating cash flow | $18.8M | -61% | — |
| Free cash flow | $18.5M | -61% | — |
What changed
Revenue was $28.0M in Q1 2026, up 51% year over year and up 23% from the previous quarter. Pharma Industry was the largest line at 56% of revenue. Pharma Industry added $7.1M year over year (up 82%), 75% of the total change.
Gross margin was 65.0%, up 2.1 points from Q1 2025. Operating profit was $6.7M, a 23.8% margin (up 10.4 points year over year). Of the extra revenue versus Q1 2025, 44% reached operating profit, above the 13% margin then. Operating expenses grew 26% against revenue growth of 51%. The fastest-growing cost line was Other operating costs (+46%). Net earnings were $5.4M, up 110% year over year. The effective tax rate was 27.2%.
Operating cash flow was $18.8M, 345% of net earnings. Non-cash charges added back $2.6M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $9.4M. Capital expenditures of $266K left free cash flow of $18.5M.
Questions
What was Paysign's revenue in the first quarter 2026?
Paysign (PAYS) reported revenue of $28.0M for the first quarter 2026 (Q1 2026), +51% from a year earlier and +23% from the quarter before.
Was Paysign profitable in the first quarter 2026?
Operating profit was $6.7M (23.8% of revenue) and net earnings $5.4M.
Source: Paysign 10-Q on SEC EDGAR.