Paysign, Inc. (PAYS) Q1 2026 Earnings Call Transcript
Paysign NASDAQ: PAYS reported what executives described as the strongest start to a year in the company's history, with first-quarter 2026 revenue rising 50.8% year over year to $28 million and profitability expanding sharply as its patient affordability business became its largest revenue contributor.
Paysign is evolving beyond a niche prepaid card processor, with patient affordability now driving higher-margin growth. 2025 results highlight a 40.5% revenue increase to $82M, with pharma revenue surging to $33.9M and gross margin expanding to 59.4%. PAYS trades above peer sales multiples, reflecting its shift to a high-value workflow business, while price-to-cash flow remains attractive if cash conversion holds.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 56,395 | $351,553.92 | $485,842.92 | $134,289 | 38.2% |
Joseph Castro Nuveen LLC | 73,501 | $407,840.87 | $634,879.59 | $227,038.72 | 55.67% |
| RS Richard Slavik Newbridge Financial Services Group Inc. | 300 | $1,545 | $2,595 | $1,050 | 67.96% |
Jennifer Grunberg Allspring Global Investments Holdings LLC | 65,853 | $454,696.2 | $557,919.79 | $103,223.59 | 22.7% |
Bobby Adusumilli SJS Investment Consulting Inc. | 105 | $652.65 | $889.58 | $236.93 | 36.3% |
| Transportation Infrastructure Industry | Industrials Sector | Mark Newcomer CEO | NASDAQ (CM) Exchange | 70451A104 CUSIP |
| US Country | 226 Employees | - Last Dividend | 30 Dec 2005 Last Split | 2 Apr 1998 IPO Date |
Paysign, Inc. specializes in offering a broad spectrum of prepaid card programs, patient affordability options, digital banking services, and integrated payment processing for a diverse clientele including businesses, consumers, and government institutions. Initially known as 3PEA International, Inc., the company underwent a name change to Paysign, Inc. in April 2019, showcasing its evolution and broadening its focus. Founded in 1995 and operating from its headquarters in Henderson, Nevada, Paysign extends its market presence primarily towards organizations and municipalities in need of efficient payment solutions for various purposes such as rewards, rebates, and payment assistance. This rebranding and strategic positioning reflect Paysign's commitment to innovation in payment solutions.