Marram Investment Management, an outsourced long-term investment solutions provider, released its fourth-quarter investor letter. A copy of the letter can be downloaded here. The Portfolio returned +4.0% (net) in 2025 and a cumulative return of 609.7% since its inception. The year reflects a notable divergence between market prices and business performance, but the firm evaluates the progress based on long-term profit metrics rather than short-term market fluctuations. Large Financials, MLP Energy Infrastr ...

Overview of Paymentus - Paymentus is a cloud-based bill payment service provider focused on nondiscretionary essential household billing service providers such as utilities, government entities, insurance, and telecommunications [1] - The company started a couple of decades ago when the majority of bills were paid through bank sites, which has since been identified as an inefficient model [2] Industry Disruption - The traditional model of bill payment, where consumers go to their banks to make payments, has been disrupted by more efficient solutions offered by companies like Paymentus [2]

Paymentus FY Conference Summary Company Overview - **Company**: Paymentus (NYSE: PAY) - **Business Model**: Cloud-based bill payment service provider for essential household billing service providers including utilities, government entities, insurance, and telecommunications [5][6] - **Market Disruption**: Transition from 75% of payments being made through banks to a significant portion now being processed directly by billers [6] Financial Performance - **Revenue Growth**: Achieved $1.2 billion in revenue in the last year, a 37% increase from the previous year [8] - **EBITDA Growth**: Adjusted EBITDA grew by 46% [8] - **Market Share**: Despite significant growth, Paymentus has only captured a fraction of the multi-billion dollar market [6] - **CAGR Model**: Projected 20% top-line growth and 20%-30% Adjusted EBITDA dollar growth [7] Key Drivers of Success - **Value Proposition**: Focus on improving customer experience for billing companies and reducing costs through a comprehensive platform that integrates various payment methods [10] - **AI Integration**: Paymentus is leveraging AI to enhance operational efficiency and customer engagement, positioning itself as a central nervous system for revenue collection [11][14] Market Opportunity - **Revenue Breakdown**: Utilities account for approximately 50% of revenue, with the remaining 50% coming from healthcare, insurance, telecom, public sector, B2B, taxes, and consumer finance [16][18][20] - **Expansion Potential**: The company is entering new verticals and sees significant opportunities for growth in areas previously unexplored [26] Competitive Landscape - **Competitors**: Paymentus competes against in-house solutions, legacy service providers, and newer service providers struggling to integrate their platforms [31][32] - **Market Strategy**: Focused on mid-market customers, particularly in utilities, to build a sustainable growth engine [27][28] Enterprise Market - **Strength in Enterprise**: The platform's capabilities have attracted large enterprises, allowing Paymentus to sit alongside technology executives rather than being viewed as a third-party service provider [33][34] - **Financial Aspects**: Larger customers may expect better pricing, but the company benefits from operating leverage due to its scale [35] B2B Market - **Approach**: Paymentus is tackling B2B inefficiencies similar to other verticals, focusing on reducing manual processes and enhancing digital payment capabilities [44][45] Instant Payment Network (IPN) - **Overview**: IPN allows for real-time payments across various channels, making Paymentus an attractive solution for billing companies and banks [49][51] Growth Strategy - **Growth Vectors**: New implementations, same-store sales, and digital conversion of manual invoicing are key growth drivers [53] - **Customer Adoption Success Team**: Focused on increasing wallet share with existing customers by converting paper payments to digital [55] Guidance and Market Outlook - **2026 Guidance**: Projected gross revenue growth of 17%, slightly below the 20% CAGR model, attributed to the timing of enterprise customer launches [66][67] - **Capital Allocation**: Strong balance sheet with $320 million in cash and no debt, focusing on organic growth and potential M&A opportunities [87][91]

Paymentus Holdings, Inc. (NYSE:PAY) is among the 13 Best Big Tech Stocks to Buy According to Hedge Funds. Paymentus Holdings, Inc. (PAY) Benefits from Rising Digitization of Bill Payments, Says Wedbush Paymentus Holdings, Inc. (NYSE:PAY) is one of the best tech stocks. TheFly reported on February 24 that Wedbush lowered its price target for PAY to $32 from $40. The firm cited a reduced multiple, while retaining an Outperform rating. According to the firm, PAY delivered another strong quarter with Q4 res ...

分组1 - Paymentus reported quarterly earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.18 per share, and showing an increase from $0.13 per share a year ago, resulting in an earnings surprise of +13.19% [1] - The company achieved revenues of $330.46 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 6.48%, and up from $257.88 million year-over-year [2] - Paymentus has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] 分组2 - The stock has underperformed, losing about 18% since the beginning of the year, while the S&P 500 has gained 0.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.18 on revenues of $327.87 million, and for the current fiscal year, it is $0.80 on revenues of $1.41 billion [7] - The Financial Transaction Services industry, to which Paymentus belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, which may impact stock performance [8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40429 Paymentus Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organiza ...

Paymentus (NYSE:PAY) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Company ParticipantsCraig Maurer - Managing Director of ResearchDavid Hanover - Head of Investor RelationsDushyant Sharma - CEOSanjay Kalra - CFOWill Nance - VPConference Call ParticipantsDarrin Peller - Managing Director and Senior AnalystMadison Suhr - Research AnalystTien-Tsin Huang - Senior AnalystOperatorGood day, and welcome to the fourth quarter and full year 2025 Paymentus Earnings Conference Call. This call is being recorded. ...

Paymentus (NYSE:PAY) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Company ParticipantsCraig Maurer - Managing Director of ResearchDavid Hanover - Head of Investor RelationsDushyant Sharma - CEOSanjay Kalra - CFOWill Nance - VPConference Call ParticipantsDarrin Peller - Managing Director and Senior AnalystMadison Suhr - Research AnalystTien-Tsin Huang - Senior AnalystOperatorGood day, and welcome to the fourth quarter and full year 2025 Paymentus Earnings Conference Call. This call is being recorded. ...

Paymentus (NYSE:PAY) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Speaker5Good day, and welcome to the fourth quarter and full year 2025 Paymentus Earnings Conference Call. This call is being recorded. All participants are currently in a listen-only mode. There will be an opportunity to ask questions following management's prepared remarks. If you'd like to ask a question, please press star followed by 1 on your telephone keypad. At this time, I will now turn the call over to David Hanover, Investor ...

February 23, 2026 Earnings Conference Call FOURTH QUARTER 2025 DUSHYANT SHARMA President & CEO SANJAY KALRA CFO Disclaimer EARNINGS REPORT This presentation and the accompanying webcast contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All such statements, other than statements of historical facts, are forward-looking statements. Generally, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "a ...