Paymentus Holdings Inc · Q2 2023 earnings

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

Revenue & EPS history

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.