Paysign
Runs prepaid payment programs for plasma centers, drugmakers, and healthcare clients.
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Profile
Manages prepaid-card and software programs for donor compensation, pharmaceutical patient affordability, and other business disbursements. Revenue is reported as one segment, with recent operations centered on plasma and pharma workflows in the United States.
Built around prepaid-card issuing, processing, and program management, the business serves plasma collection centers, pharmaceutical patient-affordability programs, and smaller corporate disbursement uses. Product names in context include patient affordability solutions, disbursement solutions, Paysign Premier digital banking, incentive solutions, and Apherion donor-management software.
Operations are concentrated in the United States, with headquarters in Henderson, Nevada. The latest filing reports one operating and reportable segment, so product-line economics are visible mainly through plasma, pharma, and other revenue-line disclosures rather than separate segment reporting.
Execution depends on regulated funds flow, payment-network rules, healthcare copay-assistance requirements, data security, and integration of the Gamma donor-engagement assets.
Company facts
Categories
Key statistics
Year to date +160% · Average volume (30d) 731.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 11, 2026 | Barrington | Target | $11 | $15 | |
| Aug 6, 2026 | DA Davidson | Reiterate | Buy | $9 | $12 |
| Aug 6, 2026 | Lake Street | Reiterate | Buy | $13 | |
| Aug 3, 2026 | Barrington | Target | $11 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.06 | $0.11 | +83.3% | $26.4M | $28.3M | +7.2% | +29.30% |
| May 12, 2026Q1 FY26 | $0.07 | $0.09 | +28.6% | $27.0M | $28.0M | +3.8% | −12.33% |
| Mar 24, 2026Q4 FY25 | $0.02 | $0.02 | 0.0% | $21.5M | $22.8M | +5.6% | +36.60% |
| Nov 12, 2025Q3 FY25 | $0.03 | $0.04 | +33.3% | $21.5M | $21.6M | +0.2% | 0.00% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $18.6M | $19.1M | $21.6M | $22.8M | $28.0M | $28.3M | |
| Gross profit | $11.7M | $11.8M | $12.2M | $10.9M | $15.6M | $17.9M | |
| Operating income | $2.5M | $1.4M | $1.6M | $1.9M | $6.7M | $7.0M | |
| Net income | $2.6M | $1.4M | $2.2M | $1.4M | $5.4M | $6.8M | |
| Diluted EPS | $0.05 | $0.02 | $0.04 | $0.02 | $0.09 | $0.11 | |
| Gross margin | 62.9% | 61.6% | 56.3% | 48.0% | 55.6% | 63.3% | |
| Operating margin | 13.4% | 7.5% | 7.3% | 8.1% | 23.8% | 24.8% |
Fiscal years (4-quarter sums)FY21 $29.5M · FY22 $38.0M · FY23 $47.3M · FY24 $58.4M · FY25 $82.0M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $27.4M · Total debt $5.7M · Total assets $317.0M · Shareholders' equity $60.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 55.91M · Float 34.17M · 61.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Mark Newcomer · director, 10 percent owner, officer: CEO | 9.16M | 16.39% | Form 4 | Aug 7, 2026 |
| Topline Capital Management, LLC | 4.64M | 8.30% | 13F | May 15, 2026 |
| Spence Daniel · 10 percent owner | 4.30M | 7.68% | Form 4 | Mar 25, 2025 |
| BlackRock, Inc. | 3.03M | 5.40% | 13G | Jul 29, 2026 |
| Punch & Associates Investment Management, Inc. | 2.06M | 3.68% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Jeffery Bradford Baker | officer: Chief Financial Officer | −35,000 | $12.62 |
| Aug 6, 2026 | Mark Newcomer | director, 10 percent owner, officer: CEO | −150,000 | $11.88 |
| Jul 29, 2026 | Mark Newcomer | director, 10 percent owner, officer: CEO | −50,000 | $9.38 |
| Jun 11, 2026 | Bruce A. Mina | director | −10,000 | $7.10 |
| Jun 1, 2026 | Bruce A. Mina | director | −10,000 | $7.10 |
Peers
- McKesson
Access and affordability platform for biopharma programs
- Haemonetics
Plasma-center software and donor workflow systems
- IQVIA
Global patient-support and affordability services
- Cencora
Manufacturer services for copay and patient access
- Green Dot
Prepaid, paycard, BaaS, and disbursement platform
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Paysign | $12.80 | −0.59% | $720.6M | 50.0 | 36.0 | 7.2 | +48.1% |
| McKesson | $887.21 | −0.76% | $104.60B | 23.9 | 19.3 | 0.3 | +7.7% |
| Haemonetics | $103.80 | −0.09% | $4.72B | 51.0 | 18.9 | 3.5 | +5.6% |
| IQVIA | $261.75 | +0.03% | $43.08B | 32.5 | 19.2 | 2.5 | +8.7% |
| Cencora | $320.00 | −0.60% | $62.65B | 23.9 | 16.6 | 0.2 | +5.1% |
| Green Dot | $13.34 | −0.07% | $756.1M | — | 8.3 | 0.3 | +17.3% |
| Median | 28.2 | 18.9 | 0.3 | +7.7% |







