Paymentus (US:PAY)2025-11-03 21:14Financial Performance - Revenue for Q3 2025 was $310.7 million, an increase of 34.2% year-over-year, driven by a higher number of billers and increased transactions[1][8] - Adjusted EBITDA rose to $35.9 million, a 45.9% year-over-year increase, resulting in a 36.5% adjusted EBITDA margin[1][8] - Contribution profit for the quarter was $98.3 million, reflecting a year-over-year increase of 22.8%[1][8] - Non-GAAP net income was $22.6 million, compared to $14.7 million in the prior period, with diluted non-GAAP earnings per share at $0.17, up from $0.12[1][8] - Net income for the quarter was $17.7 million, compared to $14.4 million in the prior period, with diluted GAAP earnings per share at $0.14[1][8] - Revenue for Q3 2025 reached $310,737,000, a 34% increase from $231,571,000 in Q3 2024[29] - Gross profit for Q3 2025 was $74,849,000, up 23% from $60,665,000 in Q3 2024[29] - Adjusted EBITDA for Q3 2025 was $35,852,000, with an adjusted EBITDA margin of 36.5%, compared to 30.7% in Q3 2024[37] - Contribution profit for Q3 2025 was $98,266,000, up from $80,004,000 in Q3 2024, reflecting a 23% increase[36] - Non-GAAP net income for Q3 2025 was $22,572,000, compared to $14,717,000 in Q3 2024, reflecting a 53.5% year-over-year growth[40] - The company’s income before taxes under GAAP for Q3 2025 was $22,602,000, up from $14,435,000 in Q3 2024, a growth of 56.5%[40] Operational Metrics - The company processed 182.3 million transactions in Q3 2025, up 17.4% from the same quarter in 2024[1][8] - Cash and cash equivalents at the end of Q3 2025 totaled $287,908,000, an increase from $205,900,000 at the end of Q4 2024[31] - Total assets as of September 30, 2025, were $644,412,000, up from $576,247,000 at the end of 2024[31] - Total stockholders' equity increased to $537,402,000 as of September 30, 2025, compared to $485,596,000 at the end of 2024[31] - Operating cash flow for the nine months ended September 30, 2025, was $116,996,000, significantly higher than $35,721,000 for the same period in 2024[32] - The company reported net cash provided by operating activities of $35,076,000 in Q3 2025, compared to $6,737,000 in Q3 2024, marking a substantial increase[41] Guidance and Future Outlook - For Q4 2025, the company expects revenue between $307 million and $312 million, and for the full fiscal year 2025, revenue guidance is set at $1,173 million to $1,178 million[1][7] - Strong bookings year-to-date and a considerable backlog provide visibility for the remainder of 2025 and into 2026[2] Expenses and Investments - Research and development expenses for Q3 2025 were $15,219,000, a 15% increase from $13,187,000 in Q3 2024[29] - GAAP operating expenses for Q3 2025 were $54,988,000, up from $48,577,000 in Q3 2024, representing a 9.2% increase[39] - Non-GAAP operating expenses for the nine months ended September 30, 2025, were $142,706,000, up from $128,658,000 in the same period of 2024, a rise of 10.9%[39] - Stock-based compensation for Q3 2025 was $5,724,000, compared to $3,168,000 in Q3 2024, reflecting an increase of 80.4%[40] - Capitalized internal-use software development costs for Q3 2025 were $9,248,000, slightly higher than $8,876,000 in Q3 2024[41] Shareholder Information - The weighted-average shares of common stock diluted increased to 129,249,477 in Q3 2025 from 127,614,115 in Q3 2024[40] - Free cash flow for Q3 2025 was $25,725,000, a significant improvement from a negative free cash flow of $(2,211,000) in Q3 2024[41]