Paysign, Inc. (PAYS) intrinsic value & 10-year financials
Paysign, Inc. (PAYS) has a Graham intrinsic value of $4.32 per share. At $14.80 on Oct 17, 2026, the stock trades 243% above that value. Over the last 10 fiscal years revenue grew 25.8% a year to $82.0M, with an average return on invested capital of 29.1%.
- Graham intrinsic value
- $4.32
- Share price (Oct 17, 2026)
- $14.80
- Price vs Graham value
- 243% above
- Market cap
- $882.8M
- Revenue (FY2025)
- $82.0M
- Revenue growth (10-yr CAGR)
- 25.8%
- ROIC (10-yr avg)
- 29.1%
- Free cash flow (FY2025)
- $51.2M
PAYS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $82.0M | $7.6M | $0.13 | $51.2M | 9.0% | 17.6% |
| FY2024 | $58.4M | $3.8M | $0.07 | $22.5M | 1.7% | 5.8% |
| FY2023 | $47.3M | $6.5M | $0.12 | $27.4M | -0.4% | -1.6% |
| FY2022 | $38.0M | $1.0M | $0.02 | $25.2M | 0.9% | 3.3% |
| FY2021 | $29.5M | -$2.7M | -$0.05 | $14.9M | -9.3% | -29.3% |
| FY2020 | $24.1M | -$9.1M | -$0.19 | $12.4M | -34.6% | -86.3% |
| FY2019 | $34.7M | $7.5M | $0.14 | $16.2M | 17.6% | 61.6% |
| FY2018 | $23.4M | $2.6M | $0.05 | $15.7M | 10.6% | 107.8% |
| FY2017 | $15.2M | $1.8M | $0.04 | $6.4M | 11.6% | 100.4% |
| FY2016 | $10.4M | $1.4M | $0.03 | $4.1M | 13.0% | 111.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Paysign, Inc. is a consistent compounder, expanding top-line revenue at 25.8% annually over the past decade.
Paysign, Inc. has earned high returns on invested capital, averaging 29.1% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Paysign, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Paysign, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.32 per share.