Quarterly ResultMay 13, 2026, 07:42 AM
Paysign Q1 Revenue +50.8% to $28.0M; Net Income +110.4% to $5.4M
AI Summary
Paysign reported strong first-quarter 2026 financial results, with total revenues increasing by 50.8% year-over-year to $28.0 million. Net income more than doubled, rising 110.4% to $5.4 million, while basic earnings per share also saw a significant increase. The company also demonstrated a substantial improvement in cash flow from operations, moving from a negative to a positive figure.
Key Highlights
- Total revenues increased 50.8% to $28.0 million for Q1 2026.
- Net income surged 110.4% to $5.4 million in Q1 2026.
- Basic earnings per share rose 100% to $0.10 for the quarter.
- Pharma industry revenue grew 81.9% to $15.7 million.
- Plasma industry revenue increased 24.9% to $11.7 million.
- Net cash provided by operating activities was $18.8 million, up from a negative $6.0 million in prior year.
- Total assets increased to $312.7 million as of March 31, 2026.
- Repurchased $199,677 of common stock in Q1 2026.
Price Impact
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