NYSE$PAY

Paymentus Holdings Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Paymentus reported strong Q4 2023 results, with revenue increasing by 24.7% year-over-year and adjusted EBITDA growing by 95.4%.

Paymentus reported Q4 2023 financial results exceeding expectations, driven by increased transactions. Revenue increased by 24.7%, contribution profit grew by 22.7%, and adjusted EBITDA rose by 95.4% year-over-year. The company ended the year with a strong backlog, positioning it for continued growth in 2024.

  • Revenue was $164.8 million, an increase of 24.7% year-over-year.
  • Gross profit was $49.5 million, an increase of 20.3% year-over-year.
  • Adjusted EBITDA was $19.9 million, representing a 30.0% adjusted EBITDA margin, an increase of 95.4% year-over-year.
  • The Company processed 124.8 million transactions, an increase of 28.4% from the prior year.

Headline financials

Total Revenue

$165M

Previous: $132M+24.7%
EPS (adj)

$0.11

Previous: $0.02+450.0%
Transactions Processed

124.8M

No prior period
Capital Expenditures

-$8.45M

Previous: $94K-9088.3%
Net Income

$9.4M

Previous: $1M+840.0%
Operating Income

$9.14M

Previous: $1.54M+494.7%
Gross Profit

$49.5M

Previous: $41.1M+20.3%
R&D Expense

$10.7M

No prior period
Stock-Based Comp

$2.5M

Previous: $2.11M+18.2%

Revenue & EPS history

Paymentus · Revenue · Quarterly

$165M

Q4 2023+24.7%vs Q4 2022
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Paymentus provided financial guidance for the first quarter and full year 2024.

Tailwinds

  • Revenue is expected to be $170 million to $176 million for Q1 2024.
  • Revenue is expected to be $720 million to $744 million for FY 2024.
  • Contribution Profit is expected to be $64 million to $66 million for Q1 2024.
  • Contribution Profit is expected to be $274 million to $288 million for FY 2024.
  • Adjusted EBITDA is expected to be $15 million to $17 million for Q1 2024.

Headwinds

  • Adjusted EBITDA is expected to be $65 million to $75 million for FY 2024.

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 2023

Historical avgQ4 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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