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PAYS on Nasdaq

Paysign, Inc.

Paysign, Inc. is an American business services company based in Las Vegas, listed on Nasdaq (PAYS).2

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Last updated Oct 21, 2026.

Overview

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  • TickerPAYS on Nasdaq2
  • IndustryServices-Business Services, NEC2
  • HeadquartersLas Vegas, United States2
  • Incorporated inNV3
  • Business address2615 St. Rose Parkway, Henderson, Nv 890523
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI5299004REWHL9UOO5P302
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o Registered Agents Inc, 732 S 6TH ST, STE R, 89101 Las Vegas, United States2
  • Registered withBusiness Center (Secretary of State), NV199511212992

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Settlement income is recorded at the expiration of the card or card program and relates primarily to our corporate incentive programs.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

59.4%Gross margin5
9.0%Operating margin5
9.2%Net margin5
40.5%Revenue growth, 20255
15.6%Return on equity5
0.13×Debt to equity5
$51.2MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Plasma Industry brought in 55% of the revenue Paysign, Inc. broke down this way in fiscal 2025.

  1. Plasma Industry$45.6M555%up 4% from 2024
  2. Pharma Industry$33.9M541%up 168% from 2024
  3. Other Revenue$2.5M53%up 36% from 2024
  4. Breakage Revenue$474.7K51%up 96% from 2024
Products and services by year
Products and services20242025
Plasma Industry$43.9M$45.6M
Pharma Industry$12.7M$33.9M
Other Revenue$1.9M$2.5M
Breakage Revenue$242.4K$474.7K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue41¢$33.3M
  • Selling, general and admin40¢$33.0M
  • Other costs7¢$5.6M
  • Income tax3¢$2.5M
  • Profit9¢$7.6M

Out of $82.0M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢$1.2M
  • Share buybacks1¢$375.8K
  • Kept or used elsewhere97¢$50.9M

Out of $52.5M of cash from operations.5

Financial statements

Revenue6789105$82.0M in 2025+137% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $34.7M$34.7M20192020: $24.1M$24.1M2020−30%2021: $29.5M$29.5M2021+22%2022: $38.0M$38.0M2022+29%2023: $47.3M$47.3M2023+24%2024: $58.4M$58.4M2024+24%2025: $82.0M$82.0M2025+40%
Gross profit6789105$48.7M in 2025+153% since 2019
0$20.0M$40.0M$60.0M2019: $19.2M$19.2M20192020: $9.3M$9.3M2020−52%2021: $14.7M$14.7M2021+58%2022: $21.0M$21.0M2022+42%2023: $24.1M$24.1M2023+15%2024: $32.2M$32.2M2024+33%2025: $48.7M$48.7M2025+51%
Operating income6789105$7.4M in 2025+21% since 2019
-$10.0M-$5.0M0$5.0M$10.0M2019: $6.1M$6.1M20192020: -$8.3M-$8.3M20202021: -$2.7M-$2.7M2021−67%2022: $344.3K$344.3K20222023: -$167.3K-$167.3K20232024: $1.0M$1.0M20242025: $7.4M$7.4M2025+621%
Net income6789105$7.6M in 2025+1% since 2019
-$10.0M-$5.0M0$5.0M$10.0M2019: $7.5M$7.5M20192020: -$9.1M-$9.1M20202021: -$2.7M-$2.7M2021−70%2022: $1.0M$1.0M20222023: $6.5M$6.5M2023+528%2024: $3.8M$3.8M2024−41%2025: $7.6M$7.6M2025+98%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Total revenues$82.0M$58.4M
Cost of revenues$33.3M$26.2M
Gross profit$48.7M$32.2M
Selling, general and administrative$33.0M$25.2M
Depreciation and amortization$8.3M$6.0M
Total operating expenses$41.4M$31.2M
Income from operations$7.4M$1.0M
Interest income, net$2.7M$3.1M
Income before income tax provision$10.0M$4.1M
Income tax provision$2.5M$322.3K
Net income$7.6M$3.8M
Basic$0.14$0.07
Diluted$0.13$0.07
Basic54.4M shares53.2M shares
Diluted59.6M shares55.6M shares

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Corporate structure

Paysign, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Paysign, Inc.

  • Paysign, Inc. Las Vegas, Nevada, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Paysign, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$5.2M5 Dec 31, 2025$4.2M5 Dec 31, 2024+21.6%
Accumulated depreciation$3.3M5 Dec 31, 2025$3.1M5 Dec 31, 2024+5.8%
Property and equipment, net$1.9M5 Dec 31, 2025$1.2M5 Dec 31, 2024+63.9%
Operating-lease assets (leased space)$5.7M5 Dec 31, 2025$2.8M5 Dec 31, 2024+105.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.5M5 Dec 31, 2025$05 Dec 31, 2024
Intangible assets, net (excluding goodwill)$22.3M5 Dec 31, 2025$12.2M5 Dec 31, 2024+82.6%
Finite-lived intangibles, gross$49.0M5 Dec 31, 2025$31.1M5 Dec 31, 2024+57.8%
Accumulated amortization-$26.7M5 Dec 31, 2025-$18.8M5 Dec 31, 2024−41.7%
Finite-lived intangibles, net$22.3M5 Dec 31, 2025$12.2M10 Dec 31, 2024+82.6%

Properties, in its own words

We have an operating lease for office space at 2615 St. Rose Parkway, Henderson, Nevada 89052. The lease will expire in 2030 and allows for two optional extensions of 5 years each. Lease payments are approximately $60,000 per month.

We have an operating lease for office space at 168 N. Gibson Road, Henderson, Nevada 89014. The lease will expire in 2033 and allows for two optional extensions of 5 years each. Lease payments are approximately $60,000 per month.

The rest of Item 2

We believe that our properties are adequate and suitable for us to conduct business in the future.

Item 2 of the 10-K filed Mar 25, 2026.4

Leadership

Who has led Paysign, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mark Newcomer2010–2019
  2. Mark Kenneth Attinger2019

President

  1. Mark Newcomer2010–2018
  2. Matthew Louis Lanford2021–2023

Chief financial officer

  1. Joya Arthur De2010–2015
  2. Brian Polan2016–2017
  3. Mark Kenneth Attinger2018–2020

Chief operating officer

  1. Joan M. Herman2017–2020
  2. Matthew Louis Lanford2021–2023
201520202025
Board members and other officers (23)

Former names

  • 3PEA INTERNATIONAL, INC.Sep 16, 2010 to Apr 26, 20193

Timeline

  1. Aug 5, 20268-K Results of operations40
  2. May 13, 20268-K Shareholder vote41
  3. May 12, 20268-K Results of operations42
  4. Mar 24, 20268-K Results of operations43
  5. Nov 12, 20258-K Results of operations44
  6. Sep 16, 20258-K Regulation FD disclosure45
  7. Aug 5, 20258-K Results of operations46
  8. Jun 6, 20258-K Change of auditor47
  9. May 13, 20258-K Shareholder vote48
  10. May 8, 20258-K Results of operations49
  11. Mar 25, 20258-K Results of operations; Unregistered sale of shares; Regulation FD disclosure50
  12. Nov 5, 20248-K Results of operations51
  13. Nov 7, 2019New chief executive Mark Kenneth Attinger becomes CEO13
  14. Dec 10, 2010New chief executive Mark Newcomer becomes CEO14
  15. Aug 24, 1995Founded Paysign, Inc. is founded2

Calendar

Coming up

  1. Nov 9, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.04 a share, on Nov 12, 2025.52

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results40
  2. May 12, 2026Reported quarterly or annual results42
  3. Mar 24, 2026Reported quarterly or annual results43
  4. Nov 12, 2025Reported quarterly or annual results44
  5. Aug 5, 2025Reported quarterly or annual results46
  6. May 8, 2025Reported quarterly or annual results49
  7. Mar 25, 2025Reported quarterly or annual results50
  8. Nov 5, 2024Reported quarterly or annual results51

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

231 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 39 major events, 146 insider forms, 7 large holders, 18 other. The latest 20:

  1. Oct 14, 20264 EDGAR
  2. Sep 17, 20264 EDGAR
  3. Sep 10, 20264 EDGAR
  4. Sep 8, 20264 EDGAR
  5. Sep 8, 20263 EDGAR
  6. Sep 8, 2026144 EDGAR
  7. Sep 4, 20264 EDGAR
  8. Sep 4, 20264 EDGAR
  9. Sep 4, 20263 EDGAR
  10. Sep 4, 20263 EDGAR
  11. Aug 14, 20264 EDGAR
  12. Aug 7, 20264 EDGAR
  13. Aug 6, 20264 EDGAR
  14. Aug 6, 20264 EDGAR
  15. Aug 6, 20264 EDGAR
  16. Aug 6, 20264 EDGAR
  17. Aug 6, 202610-Q FORM 10-Q FOR JUN 2026 EDGAR
  18. Aug 5, 20268-K EDGAR
  19. Aug 4, 20264 EDGAR
  20. Aug 4, 20264 EDGAR

The 231 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

147 open-market trades by officers, directors and large owners since October 2021: 45 buys and 102 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026Herman Joan MEVP, OperationsSale38,900$11.74$456.7KForm 4
Sep 15, 2026Herman Joan MEVP, OperationsSale21,004$12.38$260.0KForm 4
Sep 9, 2026Ngo Michael CChief Innovation OfficerSale79,925$12.74$1.0MForm 4
Sep 8, 2026Ngo Michael CChief Innovation OfficerSale70,075$12.85$900.5KForm 4
Aug 12, 2026Baker Jeffery BradfordChief Financial OfficerSale35,000$12.62$441.7KForm 4
Aug 6, 2026Newcomer MarkCEOSale150,000$11.88$1.8MForm 4
Jul 29, 2026Newcomer MarkCEOSale50,000$9.38$469.0KForm 4
Jul 16, 2026Herman Joan MEVP, OperationsSale28,000$8.69$243.3KForm 4
Jul 15, 2026Herman Joan MEVP, OperationsSale31,904$8.60$274.4KForm 4
Jun 26, 2026Herman Joan MEVP, OperationsSale100,000$8.01$801.0KForm 4
Jun 11, 2026Mina Bruce ADirectorSale10,000$7.10$71.0KForm 4
Jun 1, 2026Cunningham Bradley KramerChief Technology OfficerSale3,000$7.80$23.4KForm 4
Jun 1, 2026Mina Bruce ADirectorSale10,000$7.10$71.0KForm 4
Jun 1, 2026Herman Joan MEVP, OperationsSale29,202$8.00$233.6KForm 4
May 29, 2026Cunningham Bradley KramerChief Technology OfficerSale10,000$7.30$73.0KForm 4
May 26, 2026Herman Joan MEVP, OperationsSale22,534$7.01$158.0KForm 4
May 26, 2026Herman Joan MEVP, OperationsSale22,534$7.01$158.0KForm 4
May 4, 2026Herman Joan MEVP, OperationsSale6,667$7.01$46.7KForm 4
Feb 3, 2026Turner Matthew BakerPRES., PATIENT AFFORDABILITYSale15,057$4.16$62.6KForm 4
Dec 12, 2025Strobo RobertChief Legal OfficerSale20,000$5.47$109.4KForm 4

All 147 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Mark R. NewcomerCEO60$1.1M$2.8M55
2025Matthew TurnerPresident,$445.0K$1.5M55
2025Michael NgoChief Innovation$295.4K$1.5M55
2024Mark R. NewcomerCEO60$1.0M$1.3M55
2024Patient Affordability$408.7K$539.5K55

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Topline Capital Management, LLC4,639,061$38.0M9.9%No change
BlackRock, Inc.3,079,208$25.2M0.0%+727,560
Punch & Associates Investment Management, Inc.2,073,580$17.0M0.8%+15,370
Vanguard Capital Management LLC1,597,278$13.1M0.0%+111,420
Renaissance Technologies LLC1,073,783$8.8M0.0%−457,289
Geode Capital Management, LLC1,045,645$8.6M0.0%+217,556
Palisades Investment Partners, LLC1,000,758$8.2M2.3%+6,862
Arrowstreet Capital, Limited Partnership904,501$7.4M0.0%+868,508
State Street Corp843,660$6.9M0.0%+199,193
AWM Investment Company, Inc.800,965$6.6M0.6%+415,000
Dimensional Fund Advisors LP725,446$5.9M0.0%+149,827
Goldman Sachs Group Inc690,666$5.7M0.0%+246,852
Royce & Associates LP616,365$5.0M0.0%−161,818
Kestra Advisory Services, LLC614,175$5.0M0.0%New
Joule Financial, LLC614,175$5.0M1.4%No change
Two Sigma Investments, LP564,238$4.6M0.0%+28,576
UBS Group AG541,426$4.4M0.0%+478,119
Ballast Asset Management, LP467,476$3.8M1.5%New
Jane Street Group, LLC399,914$3.3M0.0%−23,691
New York State Common Retirement Fund385,732$3.2M0.0%No change
Vanguard Portfolio Management LLC335,959$2.8M0.0%+126,251
Northern Trust Corp331,638$2.7M0.0%+82,766
Los Angeles Capital Management LLC305,327$2.5M0.0%+275,002
Jacobs Levy Equity Management, Inc276,928$2.3M0.0%−72,062
Vanguard Fiduciary Trust Co265,690$2.2M0.0%+24,811

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Paysign, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPaysign, Inc.1
  • CIK0001496443
  • Employer ID (EIN)95-45501544
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inNevada4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7389 Services-Business Services, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address2615 St. Rose Parkway, Henderson, NV 890521
  • Phone702-453-22211
  • Shares outstanding56,462,156 as of Jul 30, 202612
  • Public float$276.4M as of Jun 30, 20254
  • AuditorBaker Tilly US, LLP, Dallas, Texas PCAOB ID 23; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceSep 16, 20101
  • Filings502 in all: 4 (209), 8-K (97), 10-Q (47), 3 (22), 10-K (16), 4/A (12), CORRESP (9), DEF 14A (9)1
    All 39 form types

    DEFA14A (9), UPLOAD (9), 5 (7), EFFECT (5), S-8 (5), 10-K/A (4), SC 13G/A (4), 10-12G/A (3), 144 (3), 8-K/A (3), DEFR14A (3), NT 10-K (3), SC 13D (3), POS AM (2), S-3 (2), 10-12G (1), 10-Q/A (1), 3/A (1), 8-A12B (1), CERT (1), CT ORDER (1), DEF 14C (1), NT 10-Q (1), PRE 14C (1), S-1 (1), S-1/A (1), S-3/A (1), S-8 POS (1), SC 13G (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Mar 26, 2026
    Latest 8-K (8-K) Aug 5, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par value per sharePAYSNasdaq

From the cover page of the 10-K filed Mar 25, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Paysign, Inc. names in Item 1A of its 10-K filed Mar 25, 2026: 29 risks under these headings, as written.4

  • Risks Related to Our Business
  • We may be unable to grow our business in future periods, and if our revenue growth slows, or our revenues decline further, our business and financial conditions could be adversely affected.
  • We operate in a highly regulated environment, and failure by us or business partners to comply with applicable laws and regulations could have an adverse effect on our business, financial position and results of operations.
  • Changes in the laws, regulations, credit card association rules or other industry standards affecting our business may impose costly compliance burdens and negatively impact our business.
  • A data security breach could expose us to liability and protracted and costly litigation, and could adversely affect our reputation and operating results.
  • We may have deficiencies or weaknesses in our internal control over financial reporting which could, if not remediated, adversely affect our ability to report our financial condition and results of operations in a timely and accurate manner, decrease investor confidence in our Company, and reduce the value of our common stock.
  • Security and privacy breaches of our electronic transactions may damage customer relations and inhibit our growth.
  • The industry in which we compete is highly competitive, which could adversely affect our operating results and financial condition.
  • We rely on relationships with card issuing banks to conduct our business, and our results of operations and financial position could be materially and adversely affected if we fail to maintain these relationships or we maintain them under new terms that are less favorable to us.
  • We receive important services from third-party vendors, and replacing them could entail unexpected integration costs.
  • Changes in credit card association or other network rules or standards set by Visa and MasterCard, or changes in card association and debit network fees or products or interchange rates, could adversely affect our business, financial position and results of operations.
  • We may not be able to successfully manage our intellectual property or may be subject to infringement claims.
The other 18 risks
  • The market for electronic commerce services is evolving and may not continue to develop or grow rapidly enough for us to maintain profitability.
  • If we do not respond to rapid technological change or changes in industry standards, our products and services could become obsolete and we could lose our customers.
  • Our ability to adapt our existing products and services to use artificial intelligence (“AI”) could adversely impact our business.
  • Acquisitions and the integration of new businesses create risks and may affect operating results. Failure to successfully complete, manage or integrate strategic transactions can adversely affect our business, financial condition and results of operations.
  • Changes in the Bank Secrecy Act and/or the USA PATRIOT Act could impede our ability to circulate cards that can be easily loaded or issued.
  • Internal processing errors could result in our failing to appropriately reflect transactions in customer accounts.
  • Our business is dependent on the efficient and uninterrupted operation of computer network systems and data centers.
  • The soundness of other institutions and companies could adversely affect us.
  • Additional equity or debt financing may be dilutive to existing stockholders or impose terms that are unfavorable to us or our existing stockholders.
  • Global and regional economic conditions could harm our business.
  • We depend on key personnel and may be harmed by the loss of their services or our inability to attract, develop, integrate, incentivize and retain qualified employees.
  • Risks Related to Ownership of Our Common Stock
  • Our stock price is volatile, and you may not be able to sell your shares at a price higher than what was paid.
  • If securities analysts do not publish research or reports about our business or if they publish negative evaluations of our common stock, the trading price of our common stock could decline.
  • We do not intend to pay dividends for the foreseeable future.
  • Concentration of ownership among our existing directors, executive officers and principal stockholders may prevent new investors from influencing significant corporate decisions.
  • Our stock price could decline due to the large number of outstanding shares of our common stock eligible for future sale.
  • We incur significant costs as a result of operating as a public company. We may not have sufficient personnel for our financial reporting responsibilities, which may result in the untimely close of our books and records and delays in the preparation of financial statements and related disclosures.
  • Our operating results may fluctuate in the future, which could cause our stock price to decline.

Legal proceedings

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business.

The opening of Item 3, Legal Proceedings.4

Sources

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