Filing Flows › Paysign (PAYS) › Q4 2024
Paysign (PAYS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 26, 2025
Paysign (PAYS) reported revenue of $15.6M for the fourth quarter 2024 (Q4 2024), +14% from a year earlier and +2% from the quarter before. Operating margin was 3.0%, net earnings $1.4M (8.8% of revenue).
Paysign, Q4 2024: revenue $15.6M (+14% year over year), operating margin 3.0%, net earnings $1.4M, operating cash flow $14.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.6M | +2% | +14% |
| Gross profit | $9.2M | +9% | +29% |
| Operating profit | $464K | -33% | -27% |
| Net earnings | $1.4M | -4% | -76% |
| Operating cash flow | $14.3M | — | -39% |
| Free cash flow | $14.2M | — | -39% |
What changed
Revenue was $15.6M in Q4 2024, up 14% year over year and up 2% from the previous quarter.
Gross margin was 58.9%, up 6.8 points from a year earlier. Operating profit was $464K, a 3.0% margin (down 1.6 points year over year). Operating profit fell $168K even though revenue rose $1.9M versus a year earlier, so costs grew faster than sales. Operating expenses grew 34% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+45%). Net earnings were $1.4M, down 76% year over year. The effective tax rate was -11.1%. Non-operating items added $771K, 62% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $14.3M (down 39% year over year), 1043% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $697K of share-based compensation. Working capital and other items added $10.5M. Capital expenditures of $117K left free cash flow of $14.2M.
Questions
What was Paysign's revenue in the fourth quarter 2024?
Paysign (PAYS) reported revenue of $15.6M for the fourth quarter 2024 (Q4 2024), +14% from a year earlier and +2% from the quarter before.
Was Paysign profitable in the fourth quarter 2024?
Operating profit was $464K (3.0% of revenue) and net earnings $1.4M.
Source: Paysign 10-K on SEC EDGAR.