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Companies / Industrials / Paysign, Inc.
PAYS

Paysign, Inc.

IndustrialsBusiness Services
Ticker PAYSHENDERSON, NVFiscal year ends DecemberBook value per share $0.98Diluted shares 61.4M

Paysign, Inc. (Nasdaq: PAYS) operates as a vertically integrated provider of prepaid card products and processing services serving corporate, consumer, and government entities. The company's website is www.paysign.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$82.03M
+40.5% year over year
Last 12 mo $100.64M
8.98%
+7.2 percentage points
Last 12 mo 17.01%
$7.55M
+97.9% year over year
Last 12 mo $15.77M
15.57%
+3 percentage points
Last 12 mo 26.22%
Cash & financing
$52.45M
+128.6% year over year
Last 12 mo $74.92M
$44.44M
+227.1% year over year
Last 12 mo $68.04M
0.17
Last 12 mo 0.09
59.6M
+7.3% year over year
Last 12 mo 61.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Paysign, Inc. does

In the company’s own words

Paysign, Inc. (Nasdaq: PAYS) operates as a vertically integrated provider of prepaid card products and processing services serving corporate, consumer, and government entities. The company's website is www.paysign.com.

The company derives revenue from all stages of the prepaid card lifecycle, including program setup, card production, transaction processing, cardholder fees, interchange revenue, card program management fees, transaction claims processing, breakage, and settlement income. As of December 31, 2025, Paysign managed approximately 670 card programs with approximately 8.4 million participating cardholders.

Paysign's core offerings include corporate incentive cards, per diem and corporate expense cards, pharmaceutical patient affordability solutions, source plasma donor compensation cards, and demand deposit accounts accessible with debit cards branded as Paysign Premier. The company also provides life science technology solutions through its Apherion platform, a cloud-based operating system designed for blood and plasma collection organizations that combines donor engagement, relationship management, operational systems, compensation optimization, and quality assurance capabilities. Paysign currently services approximately 48 percent of plasma collection centers in the United States and Puerto Rico.

The company operates a fully staffed, in-house customer service center available 24 hours daily, seven days weekly, offering bilingual support alongside interactive voice response and two-way SMS messaging capabilities. Paysign's technology platform employs a service-oriented architecture configured for continuous transaction processing across two secure, interconnected data centers with redundant capabilities and cloud hosting.

Paysign's prepaid cards are issued through relationships with state-chartered bank partners and are accepted wherever Visa, MasterCard, Discover, Interlink, Plus, Maestro, Cirrus, and Pulse are accepted, depending on the network brands used. The company has no major customers and maintains diversified revenue across multiple card programs rather than relying on individual programs or clients.

As of December 31, 2025, Paysign employed approximately 226 employees and independent contractors. The company operates in a highly regulated environment subject to federal and state laws governing anti-money laundering, consumer protection, privacy, data security, bank regulations, and healthcare claims processing.

Company details
Sector
Industrials
Industry
Business Services
Headquarters
HENDERSON, NV
Fiscal year end
December
CIK
1496443
SIC
7389

Financial performance, year by year

Fiscal 2013–2025 · USD
$-20.12M$12.82M$45.75M$78.69M$111.62M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Paysign, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

128
funds hold it
0 of 35
superinvestors hold it
$54.57M
held by funds, at market
12.4%
of shares held by funds

Largest fund holders · Paysign, Inc.’s weight in each

iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
1.47%of fund net assets
0.02%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Paysign, Inc. and its peers compare on margins and cash generation over ten years?”
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