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Paymentus Q1 2025 Earnings Report
Paymentus reported strong first quarter 2025 financial results with significant year-over-year growth in revenue, adjusted EBITDA, and transactions processed.
Key Takeaways
Paymentus started 2025 on strong footing, with year-over-year growth in revenue, contribution profit and adjusted EBITDA of 48.9%, 26.3% and 51.3%, respectively. This momentum continues to be driven by higher transaction activity from both new and existing billers, bolstered by the non-discretionary nature of our business and the value we bring to our customers. The company's strong bookings and backlog at quarter-end continue to support a positive outlook for the rest of the year.
Revenue increased by 48.9% year-over-year to $275.2 million, driven by increased billers and transactions.
Adjusted EBITDA grew by 51.3% year-over-year to $30.0 million, representing a 34.2% adjusted EBITDA margin.
The Company processed 173.2 million transactions during the first quarter of 2025, an increase of 28.0% from the first quarter of 2024.
Net income was $13.8 million, with diluted GAAP earnings per share of $0.11.
Paymentus
Paymentus
Forward Guidance
Paymentus provided financial guidance for the second quarter and full fiscal year 2025, anticipating continued growth in revenue, contribution profit, and adjusted EBITDA.
Positive Outlook
- Fiscal-Year 2025 Revenue is projected to be between $1,075 million and $1,090 million.
- Fiscal-Year 2025 Contribution Profit is projected to be between $363 million and $369 million.
- Fiscal-Year 2025 Adjusted EBITDA is projected to be between $118 million and $122 million.
- Second Quarter 2025 Revenue is projected to be between $255 million and $260 million.
- Second Quarter 2025 Contribution Profit is projected to be between $89.5 million and $91.5 million.
Challenges Ahead
- The company does not reconcile forward-looking guidance for non-GAAP measures due to potential variability, complexity, and uncertainty of excluded items.
- The determination of contribution profit is subject to variables outside of the company's control, such as average payment amount, payment mix, or payment channel.
- Future period non-GAAP guidance includes adjustments for items not indicative of core operations, which may be significant and not currently determinable.
- The long-term projected non-GAAP tax rate is subject to change due to various factors, including significant changes in earnings, tax adjustments, and future business operations.
- Amortization of intangible assets related to past acquisitions will recur in future periods, and future acquisitions may result in additional amortization.