What is Paysign's net debt?

Paysign (PAYS) reported net debt of -$8.48M in Q1 2026.

How has Paysign's net debt changed year-over-year?

Paysign's net debt decreased by 246.5% year-over-year, from $5.79M to -$8.48M.

What is the long-term trend for Paysign's net debt?

Over 5 years (2020 to 2025), Paysign's net debt has grown at a 15.0% compound annual growth rate (CAGR), from -$3.5M to -$7.04M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Paysign PAYS Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Helen Of TroyHELE

4.8×+2.6×

CorMedixCRMD

-0.9×—

Other financials

Income statement

See full

Revenue$28.0M+50.8%

Gross profit$18.2M+55.8%

Operating income$6.7M+168%

Net income$5.4M+110%

EPS (diluted)$0.09+80.0%

Balance sheet

See full

Cash & equivalents$20.5M+200%

Total debt$12.1M-4.6%

Total equity$55.0M+40.1%

Total assets$312.7M+52.5%

Cash flow

See full

Operating cash flow$18.8M+411%

CapEx$266.5K+239%

Free cash flow$18.5M+403%

Valuation

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Market cap$431.59M+46.1%

Enterprise value$423.11M+40.4%

P/E41.5×-7.0×

P/S4.7×+0.1×

Profitability

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Gross margin60.4%+2.5pp

Operating margin12.6%+6.7pp

Net margin11.4%+1.8pp

FCF margin82.9%—

Returns & leverage

See full

Return on equity22.1%+3.2pp

Debt / equity0.2×-0.1×

Current ratio1.1×0.0×

Where this comes from

Calculated from Paysign’s reported figures.

$12.1Mtotal debt−$20.5Mcash and equivalents=-$8.48M

The official record: Paysign’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Paysign's net debt?: Paysign (PAYS) reported net debt of -$8.48M in Q1 2026.
How has Paysign's net debt changed year-over-year?: Paysign's net debt decreased by 246.5% year-over-year, from $5.79M to -$8.48M.
What is the long-term trend for Paysign's net debt?: Over 5 years (2020 to 2025), Paysign's net debt has grown at a 15.0% compound annual growth rate (CAGR), from -$3.5M to -$7.04M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.