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 16 quarters(88%)
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 19 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
Q2 2025———
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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