Paymentus Holdings Inc. Achieves Record Revenue And Growth In Q4 2024
$PAY
In Q4 2024, Paymentus Paymentus Holdings Inc. (NYSE:PAY) achieved a record revenue of $257.9 million, marking a 56.5% increase from the previous year. This growth was primarily driven by an increase in the number of billers and transactions processed, which reached 166 million for the quarter, up 33% year-over-year.
The company’s adjusted gross profit also saw a substantial rise, increasing by 32.4% to $71.8 million. The adjusted EBITDA for the quarter stood at $27.3 million, reflecting a 36.9% increase from the prior year, with an adjusted EBITDA margin of 31.6%.
Its net income for the quarter was reported at $13.1 million, translating into earnings of 13 cents per share after adjustments for stock option expense and amortization costs. Looking ahead to the first quarter of 2025, Paymentus has set its revenue expectations between $241 million and $249 million.
For the full fiscal year 2025, the company anticipates revenue to be in the range of $1.04 billion to $1.06 billion. The company’s robust financial health is further evidenced by its strong cash position, ending the fourth quarter with $209.4 million in cash.
This financial stability supports Paymentus’ strategic initiatives, including potential mergers and acquisitions, as indicated by CFO Sanjay Kalra. He noted that Paymentus is exploring opportunities to leverage its balance sheet to enhance growth prospects through strategic acquisitions that are accretive to the company’s top or bottom line.
The non discretionary nature of the bills processed by Paymentus, such as utilities and rent, provides a stable revenue base that supports sustained growth despite economic fluctuations. As Paymentus moves into 2025, it remains committed to leveraging its innovative platform and robust operational strategies to drive further.
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