NYSE$PAY
Paymentus Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported strong Q4 results with revenue exceeding expectations and adjusted EBITDA over $10 million.
Paymentus reported a strong fourth quarter and full year 2022. Q4 revenue increased by 22.2% year-over-year, and gross profit increased by 21.9% year-over-year. The company signed Citizens Financial Group to Bill Center and expanded its reach through partnerships with Green Dot and a large real estate software provider.
- Revenue was $132.2 million, an increase of 22.2% from the fourth quarter of 2021.
- Gross profit was $41.1 million compared to $33.7 million for the fourth quarter of 2021.
- Net income was $1.0 million and GAAP earnings per share was $0.01.
- Adjusted EBITDA was $10.2 million, representing a 18.9% adjusted EBITDA margin.
Headline financials
Revenue & EPS history
Paymentus · Revenue · Quarterly
$132M
Forward guidance
Paymentus expects revenue for the first quarter of 2023 to be between $136 million and $140 million, or 17% to 20% growth current quarter over prior year quarter. Paymentus expects revenue for the full year 2023 to be between $575 million and $600 million, or 16% to 21% growth year-over-year.
Tailwinds
- Revenue for Q1 2023 is expected to grow 17% to 20% compared to the prior year quarter, with a range of $136 million to $140 million.
- Contribution profit for Q1 2023 is anticipated to grow 8% to 12% compared to the prior year quarter, with a range of $51 million to $53 million.
- Adjusted EBITDA for Q1 2023 is expected to be between $7 million and $8 million, resulting in an adjusted EBITDA margin of approximately 13% to 15%.
- Revenue for the full year 2023 is expected to grow 16% to 21% year-over-year, with a range of $575 million to $600 million.
- Contribution profit for the full year 2023 is anticipated to grow 11% to 18% year-over-year, with a range of $224 million to $237 million.
Headwinds
- Adjusted EBITDA for the full year 2023 is expected to result in a margin of approximately 14% to 16%, implying a limited expansion from current levels.
- The company does not reconcile its forward-looking guidance for non-GAAP measures because certain financial information is not available and cannot be reasonably estimated.
- Future period non-GAAP guidance includes adjustments for items not indicative of the core operations.
- Such adjustments may be affected by changes in ongoing assumptions, judgements, as well as nonrecurring, unusual or unanticipated charges, expenses or gains/losses or other items that may not directly correlate to the underlying performance of our business operations.
- The exact amount of these 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 Q4 2022
+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
| Quarter | Report date | Reaction (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% | |
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