PAYSPaysign, Inc.
Is the business good?
The checks split: earnings fully cash-backed (5.6×) and margins widening, but returns that lean on debt.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 19% = margin × turnover × leverage.
Unless marked, from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is PAYS?
Paysign, Inc. keeps 17% of every revenue dollar as operating profit, against 5.8% for the median Software - Infrastructure name.
Operating margin · Software - Infrastructure median 5.8% · 12 months to Q2 2026
- Cash conversion
- 5.58×
Cash conversion · −1.92× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +7.1%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 61%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −35% |
| FY2021 | −9.3% |
| FY2022 | 0.91% |
| FY2023 | −0.35% |
| FY2024 | 1.8% |
| FY2025 | 9.0% |
Details›
- Gross margin12 months to Q2 2026
- 61%
- Operating margin12 months to Q2 2026
- 17%
- Net margin12 months to Q2 2026
- 16%
- Free cash flow margin
- 73%
- Revenue, trailing twelve months
- $101M
- Free cash flow, trailing twelve months
- $74M
- Net income, trailing twelve months
- $16M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Software, Infrastructure
Ranks #24 of 80 by RyuScore