NYSE$PAY

Paymentus Holdings Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported excellent results, with revenue up 24.1%, contribution profit up 22.3% and adjusted EBITDA up 183.8% year-over-year.

Paymentus reported a strong second quarter of 2023, with revenue increasing by 24.1% year-over-year. The company's adjusted EBITDA also saw a significant rise of 183.8% compared to the previous year. Robust bookings during the quarter resulted in a solid backlog at quarter end.

  • Revenue was $148.9 million, an increase of 24.1% year-over-year.
  • Gross profit was $45.9 million, an increase of 28.0% year-over-year.
  • Net income was $5.8 million and GAAP earnings per share was $0.05.
  • The Company processed 109.5 million transactions in the second quarter of 2023, an increase of 22.3% from the second quarter of 2022.

Headline financials

Total Revenue

$149M

Previous: $120M+24.1%
EPS (adj)

$0.08

Previous: $0.00
Transactions Processed

109.5M

Previous: 89.5M+22.3%
Capital Expenditures

-$353K

Previous: -$795K+55.6%
Free Cash Flow

$5.49M

Previous: -$3.25M+269.0%
Net Income

$5.84M

Previous: -$2.45M+338.2%
Operating Income

$4.63M

Previous: -$2.23M+307.9%
Gross Profit

$45.9M

Previous: $35.8M+28.0%
Cash & Equivalents

$159M

Previous: $158M+0.5%
Total Assets

$475M

Previous: $506M-6.1%
Stock-Based Comp

$2.28M

Previous: $1.34M+69.3%

Revenue & EPS history

Paymentus · Revenue · Quarterly

$149M

Q2 2023+24.1%vs Q2 2022
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Paymentus provides revenue guidance for Q3 2023 of $150 million to $154 million, contribution profit of $58 million to $60 million, and adjusted EBITDA of $9 million to $11 million. For Q4 2023, revenue is projected to be $152 million to $158 million, contribution profit $60 million to $65 million, and adjusted EBITDA $9 million to $13 million. Full year 2023 guidance includes revenue of $599 million to $609 million, contribution profit of $231 million to $238 million, and adjusted EBITDA of $41 million to $46 million.

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 Q2 2023

Historical avgQ2 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———

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro