Paymentus Q3 2024 Earnings Report
Key Takeaways
Paymentus reported a record revenue of $231.6 million, representing a 51.9% year-over-year increase. Net income was $14.4 million, with a GAAP earnings per share of $0.11. Adjusted EBITDA increased by 58.2% year-over-year, reflecting a 30.7% adjusted EBITDA margin.
Revenue increased by 51.9% year-over-year, reaching a record $231.6 million.
Gross profit increased by 29.3% year-over-year to $60.7 million.
Net income was $14.4 million, with GAAP earnings per share at $0.11.
Adjusted EBITDA increased by 58.2% year-over-year, resulting in a 30.7% adjusted EBITDA margin.
Paymentus
Paymentus
Forward Guidance
Paymentus anticipates revenue between $215 million and $220 million, contribution profit between $79 million and $81 million, and adjusted EBITDA between $22 million and $24 million for the fourth quarter of 2024. For the full fiscal year 2024, the company projects revenue between $829 million and $834 million, contribution profit between $305 million and $307 million, and adjusted EBITDA between $89 million and $91 million.
Positive Outlook
- Revenue is expected to be between $215 million and $220 million for Q4 2024.
- Contribution Profit is projected to be between $79 million and $81 million for Q4 2024.
- Adjusted EBITDA is anticipated to be between $22 million and $24 million for Q4 2024.
- Full year revenue is projected to be between $829 million and $834 million.
- Full year Contribution Profit is expected to be between $305 million and $307 million.