NYSE$PAY

Paymentus Holdings Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Paymentus' first quarter of 2023 showed revenue growth and increased adjusted EBITDA.

Paymentus reported a strong first quarter in 2023, with revenue increasing by 27.1% year-over-year to $148.3 million and adjusted EBITDA increasing by 56.4% year-over-year. The company processed 108.5 million transactions, representing a 23.4% increase from the first quarter of 2022.

  • Revenue increased by 27.1% year-over-year, reaching $148.3 million.
  • Contribution profit increased by 13.0% year-over-year, amounting to $53.5 million.
  • Adjusted EBITDA increased by 56.4% year-over-year, reaching $8.4 million.
  • The company processed 108.5 million transactions, a 23.4% increase from the first quarter of 2022.

Headline financials

Total Revenue

$148M

Previous: $117M+27.1%
EPS (adj)

$0.02

Previous: $0.03-33.3%
Transactions Processed

108.5M

Previous: 87.9M+23.4%
Capital Expenditures

-$67K

Previous: -$530K+87.4%
Free Cash Flow

$637K

Previous: $1.19M-46.4%
Net Income

$704K

Previous: $1.72M-59.0%
Operating Income

-$984K

Previous: -$1.37M+28.2%
Gross Profit

$40.1M

Previous: $34.9M+15.0%
Cash & Equivalents

$144M

Previous: $163M-12.1%
Total Assets

$467M

Previous: $488M-4.3%
Stock-Based Comp

$2.16M

Previous: $1.28M+69.2%

Revenue & EPS history

Paymentus · Revenue · Quarterly

$148M

Q1 2023+27.1%vs Q1 2022
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

For the second quarter of 2023, Paymentus anticipates revenue between $142 million and $148 million, contribution profit between $54 million and $56 million, and adjusted EBITDA between $8 million and $9 million. For the full fiscal year 2023, the company projects revenue between $591 million and $606 million, contribution profit between $225 million and $237 million, and adjusted EBITDA between $34 million and $38.5 million.

Tailwinds

  • Revenue is expected to be between $142 million and $148 million for Q2 2023.
  • Contribution Profit is expected to be between $54 million and $56 million for Q2 2023.
  • Adjusted EBITDA is expected to be between $8 million and $9 million for Q2 2023.
  • Revenue is expected to be between $591 million and $606 million for fiscal year 2023.
  • Contribution Profit is expected to be between $225 million and $237 million for fiscal year 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+5.3%

Avg return

Earnings day

+4.4%

Avg return

5 days after

+1.2%

Avg return

30 days after

58%

14 / 24 earnings

Positive

+27.4%

Q2 2023

Best reaction

-22.0%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%-4.0%-24.7%
Q4 2025-1.1%+0.3%+3.1%
Q3 2025+25.4%+30.9%+27.6%
Q1 2025+2.6%+8.0%+4.9%
Q4 2024+24.6%+20.2%+7.3%
Q3 2024+26.2%+25.1%+30.5%
Q2 2024+17.9%+20.4%+6.8%
Q1 2024-8.6%-10.8%-8.3%
Q4 2023+24.2%+21.4%+34.5%
Q3 2023+4.2%+5.0%+14.6%
Q2 2023+27.4%+32.6%+44.8%
Q1 2023+10.8%+10.0%+23.7%
Q4 2022+10.4%+11.9%-0.2%
Q3 2022+19.5%+18.2%-3.5%
Q2 2022-22.0%-22.4%-31.3%
Q1 2022-12.4%-15.6%-7.7%
Q4 2019-5.5%-5.2%-4.9%
Q4 2021-20.0%-28.9%-30.1%
Q3 2020+4.0%+6.2%+1.1%
Q3 2021+11.5%+8.4%+0.2%
Q1 2021-4.7%-7.5%-13.8%
Q2 2020-4.7%-7.5%-13.8%
Q4 2020-4.7%-7.5%-13.8%
Q2 2021+0.0%-4.9%-17.9%
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012

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