NYSE$PAY

Paymentus Holdings Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Paymentus's first quarter performance in 2024 was marked by revenue growth and significant adjusted EBITDA increase.

Paymentus reported a strong first quarter in 2024, with revenue increasing by 24.6% year-over-year to $184.9 million. Adjusted EBITDA rose by 135.5%, reflecting a 28.6% adjusted EBITDA margin. The company processed 135.3 million transactions, a 24.7% increase from the previous year. Net income was reported at $7.2 million, with a GAAP EPS of $0.06 and a non-GAAP EPS of $0.10.

  • Revenue increased by 24.6% year-over-year, reaching $184.9 million.
  • Adjusted EBITDA increased by 135.5% year-over-year, resulting in a 28.6% adjusted EBITDA margin.
  • Net income was $7.2 million, with GAAP earnings per share at $0.06.
  • The company processed 135.3 million transactions, a 24.7% increase compared to the same quarter last year.

Headline financials

Total Revenue

$185M

Previous: $148M+24.6%
EPS (adj)

$0.10

Previous: $0.02+400.0%
Capital Expenditures

-$116K

Previous: -$67K-73.1%
Free Cash Flow

$7.11M

Previous: $637K+1016.2%
Net Income

$7.23M

Previous: $704K+926.4%
Operating Income

$8.34M

Previous: -$984K+947.9%
Gross Profit

$52.7M

Previous: $40.1M+31.6%
Cash & Equivalents

$180M

Previous: $144M+25.4%
Total Assets

$514M

Previous: $467M+10.2%
R&D Expense

$12.1M

No prior period
Stock-Based Comp

$2.93M

Previous: $2.16M+35.8%

Revenue & EPS history

Paymentus · Revenue · Quarterly

$185M

Q1 2024+24.6%vs Q1 2023
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Paymentus provided financial guidance for the second quarter and full fiscal year 2024, including revenue, contribution profit, and adjusted EBITDA.

Tailwinds

  • Second Quarter 2024 Revenue: $178 million to $183 million
  • Second Quarter 2024 Contribution Profit: $68 million to $70 million
  • Second Quarter 2024 Adjusted EBITDA: $17 million to $19 million
  • Fiscal-Year 2024 Revenue: $737 million to $755 million
  • Fiscal-Year 2024 Contribution Profit: $281 million to $293 million

Headwinds

  • Fiscal-Year 2024 Adjusted EBITDA: $71 million to $79 million
  • Guidance does not reconcile forward-looking non-GAAP measures
  • Determination of contribution is subject to variables outside the company's control
  • Future period non-GAAP guidance includes adjustments for items not indicative of core operations
  • Exact amount of adjustments is not currently determinable but may be significant

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 2024

Historical avgQ1 2024

+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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