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Mar 31

Paysafe Q1 2025 Earnings Report

Paysafe posted mixed Q1 2025 results with strong organic growth but lower adjusted EBITDA and a net loss.

Key Takeaways

Paysafe reported Q1 2025 revenue of $401M and a net loss of $19.5M. Organic revenue grew 5%, driven by e-commerce volume, while adjusted EBITDA declined due to business disposals and lower interest revenue.

Revenue was $401M, down 4% YoY; organic revenue grew 5%.

Adjusted EBITDA dropped to $95.2M, with a 15% decline YoY.

Net loss was $19.5M, or $(0.33) per share; adjusted EPS was $0.34.

Unlevered free cash flow reached $57.3M, showing solid liquidity despite margin pressure.

Total Revenue
$401M
Previous year: $418M
-4.0%
EPS
$0.34
Previous year: $0.57
-40.4%
Net Leverage
4.9
Adj. EBITDA Margin
23.7%
Organic Revenue Growth
5%
Gross Profit
$159M
Previous year: $179M
-11.5%
Cash and Equivalents
$234M
Previous year: $202M
+15.9%
Total Assets
$4.71B
Previous year: $5.05B
-6.7%

Paysafe

Paysafe

Paysafe Revenue by Segment

Paysafe Revenue by Geographic Location

Forward Guidance

Paysafe reaffirmed its full-year outlook, expecting revenue between $1.71B–$1.734B and adjusted EPS between $2.21–$2.51.

Positive Outlook

  • Organic revenue growth of 5% driven by e-commerce.
  • Continued expansion of key partnerships like Fiserv and Tilled.
  • Lean business model post-direct marketing unit disposal.
  • Unlevered free cash flow remains strong.
  • Enhanced wallet platform and new product launches.

Challenges Ahead

  • Reported revenue down 4% YoY due to business disposal.
  • Adjusted EBITDA margin compressed by 5 points.
  • Net loss of $19.5M driven by lower other income and higher restructuring.
  • Interest and FX headwinds impacted revenue and margins.
  • Adjusted net income and EPS down significantly YoY.

Revenue & Expenses

Visualization of income flow from segment revenue to net income