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 15 quarters(93%)
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 20 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
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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