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Jun 30, 2021
Paymentus Q2 2021 Earnings Report
Paymentus's financial performance was strong, marked by revenue growth, strategic acquisitions, and increased transaction processing.
Key Takeaways
Paymentus reported a strong second quarter in 2021, with a 30% increase in revenue year-over-year, a 25% increase in contribution profit, and a 39% increase in transactions processed. The company also signed definitive agreements to acquire Payveris and Finovera.
Total revenue increased by 30.3% year-over-year to $93.5 million.
Gross profit was $28.9 million, compared to $23.4 million in the second quarter of 2020.
Contribution profit increased by 24.8% year-over-year to $37.4 million.
Processed 64.2 million transactions, a 39% increase from the second quarter of 2020.
Forward Guidance
Paymentus expects revenue for the full year 2021 to be between $378 million and $382 million, representing a 25% to 27% growth. Contribution profit is anticipated to be between $152 million and $154 million, or 26% and 28% growth. Adjusted EBITDA is expected to be between $25 million and $28 million, with a margin of 16.5% to 18.5%. The outlook includes the Payveris and Finovera acquisitions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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