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Mar 31, 2024
Paymentus Q1 2024 Earnings Report
Paymentus's first quarter performance in 2024 was marked by revenue growth and significant adjusted EBITDA increase.
Key Takeaways
Paymentus reported a strong first quarter in 2024, with revenue increasing by 24.6% year-over-year to $184.9 million. Adjusted EBITDA rose by 135.5%, reflecting a 28.6% adjusted EBITDA margin. The company processed 135.3 million transactions, a 24.7% increase from the previous year. Net income was reported at $7.2 million, with a GAAP EPS of $0.06 and a non-GAAP EPS of $0.10.
Revenue increased by 24.6% year-over-year, reaching $184.9 million.
Adjusted EBITDA increased by 135.5% year-over-year, resulting in a 28.6% adjusted EBITDA margin.
Net income was $7.2 million, with GAAP earnings per share at $0.06.
The company processed 135.3 million transactions, a 24.7% increase compared to the same quarter last year.
Forward Guidance
Paymentus provided financial guidance for the second quarter and full fiscal year 2024, including revenue, contribution profit, and adjusted EBITDA.
Positive Outlook
- Second Quarter 2024 Revenue: $178 million to $183 million
- Second Quarter 2024 Contribution Profit: $68 million to $70 million
- Second Quarter 2024 Adjusted EBITDA: $17 million to $19 million
- Fiscal-Year 2024 Revenue: $737 million to $755 million
- Fiscal-Year 2024 Contribution Profit: $281 million to $293 million
Challenges Ahead
- Fiscal-Year 2024 Adjusted EBITDA: $71 million to $79 million
- Guidance does not reconcile forward-looking non-GAAP measures
- Determination of contribution is subject to variables outside the company's control
- Future period non-GAAP guidance includes adjustments for items not indicative of core operations
Historical Earnings Impact
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Avg. Return Before/After Earnings
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