What is the 13F Pro Quality Score for PAYS?

13F Pro ranks Paysign, Inc. (PAYS) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View PAYS's current score at https://13fpro.ai/company/PAYS (free sign-up required for the full ranking).

Where does 13F Pro source PAYS data?

All Paysign, Inc. fundamentals and ownership data come directly from SEC EDGAR. Paysign, Inc. files with the SEC under CIK 1496443. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is PAYS in?

Paysign, Inc. (PAYS) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

What drives PAYS's revenue?

Per Paysign, Inc.'s latest 10-Q filed with the SEC on 2026-08-06, the biggest revenue drivers are: Pharma industry ($14.6M, +88.9% YoY); Plasma industry ($13.0M, +21.4% YoY); Other ($562,398, -3.1% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/PAYS.

What are PAYS's largest expenses?

Paysign, Inc.'s latest 10-Q reports these as the largest expense items: Cost of revenues ($10.4M, +41.4% YoY); Selling, general and administrative ($8.5M, +4.3% YoY); Depreciation and amortization ($2.3M, +10.4% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is PAYS research updated on 13F Pro?

PAYS's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Paysign, Inc.(PAYS)Stock Analysis

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SEC EDGAR: CIK 1496443 PAYS stock profile & AI dashboard →

13F Pro Quality Score

74.2/100

Rank #117 of 2,961 stocksTOP 5%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

91.7/100

Profitability

79.9/100

Balance Sheet

74.8/100

Earnings Quality

89.8/100

Free Cash Flow

98.6/100

Institutional Flow

82.7/100

Revenue Scale

15.8/100

Dilution Risk

24.3/100

Email me the moment this company reports earnings

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Why PAYS Scores 74/100

exact factor attribution · 2026-09-11

PAYS's composite is driven by revenue growth and free cash flow, held back by scale and shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+8.3 pts

92th pct

Free cash flow

+7.3 pts

99th pct

Profitability

+4.5 pts

80th pct

Earnings quality

+4.0 pts

90th pct

Capital efficiency

+2.5 pts

75th pct

Earnings growth

+2.4 pts

99th pct

Institutional flow

+1.6 pts

83th pct

Shareholder dilution

-1.3 pts

24th pct

Scale

-5.1 pts

16th pct

Latest change (2026-08-06): 68 → 57 · ↓ Free cash flow 83→52; ↓ Profit margin 81→66

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

Unusual Activity in PAYS

Events flagged as statistical outliers against PAYS's own multi-year baseline — not fixed dollar thresholds.

Score shock2026-08-06
PAYS quality score dropped 11 points (68→57) on a new filing
View source filing →

PAYS Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Paysign, Inc. (PAYS), a Industrials sector company. 13F Pro's AI-powered ranking engine scores PAYS at 74.2/100 on a 32-signal composite quality model, placing it at rank #117 of 2,961 stocks — the top 5% of the AI-ranked universe. PAYS scores in the top quartile across free cash flow (98.6), revenue growth (91.7), earnings quality (89.8). Areas of concern include revenue scale (15.8), which score below median versus the broader universe. Shareholder dilution risk is elevated at 24.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Paysign, Inc. reports quarterly revenue of $28.3M, net income of $6.8M, free cash flow of $1.2M. Top institutional holders of PAYS by reported 13-F value include Topline Capital Management, BlackRock, PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, based on the most recent SEC filings. PAYS trades on the Nasdaq exchange and files with the SEC under CIK 1496443. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PAYS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Paysign, Inc. directly from SEC EDGAR. Paysign, Inc.'s 13F Pro composite quality score has ranged between 22 and 74 since 2022, currently 74.2 — an improving long-term trajectory across 64 quarterly and live scoring snapshots.

✦

Fun facts about Paysign, Inc.

Quirks, history, and lore behind PAYS — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial technology company · small-cap · listed on Nasdaq · headquartered in Nevada.
2
The Numbers
Annual revenue in the range of tens of millions of dollars — not a giant, but a profitable niche player in the prepaid debit card processing space.
3
The History
Founded in the late 1990s, the company grew by targeting industries that the traditional banking world largely ignored or underserved.
4
The Secret
Its bread and butter is administering prepaid card programs for tribal gaming casinos and pharmaceutical patient-assistance programs — a very specific lane.
5
The Lore
It built a loyal foothold by helping casino patrons access cash and winnings without ever touching a traditional bank account — ATM lines at Vegas get very long.
6
The Giveaway
Its ticker is literally a four-letter synonym for getting paid, and its whole business is making sure people — from casino floors to pharmaceutical patients — can collect their money on a card.

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What's Driving PAYS's Business? Latest 10-Q Breakdown

✓ 34/34 datapoints verified

AI-extracted from Paysign, Inc.'s 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 revenue rose 48.1% to $28.3M as pharma patient affordability revenue nearly doubled to $14.6M, lifting net income to $6.8M from $1.4M.

Biggest Revenue Drivers

Pharma industry$14.6M+88.9% YoY

Financial benefit of 51 net pharma patient affordability programs launched in the prior twelve months and higher management, setup and claim processing fees

Plasma industry$13.0M+21.4% YoY

Increase in plasma donations and dollars loaded to cards as the market returned to normalized growth, offset by 46 net plasma center reductions

Biggest Revenue Drivers

Total revenue: $28.3M+48.1% YoY

Pharma industry$14.6M+88.9% YoY

Financial benefit of 51 net pharma patient affordability programs launched in the prior twelve months and higher management, setup and claim processing fees

Plasma industry$13.0M+21.4% YoY

Increase in plasma donations and dollars loaded to cards as the market returned to normalized growth, offset by 46 net plasma center reductions

Other$562,398-3.1% YoY

Cardholder fees, interchange, program management, load fees, settlement income and breakage

Within Other

Breakage revenue$75,632

Recorded in other revenue, related solely to the open-loop gift card business

Largest Expense Items

Cost of revenues$10.4M+41.4% YoY

Network and related fees up ~$2,241,000, call center support up ~$784,000 and sales commissions up ~$249,000

Selling, general and administrative$8.5M+4.3% YoY

Compensation up ~$573,000 and stock-based compensation up ~$298,000, offset by a $990,000 gain on contingent consideration fair value

Depreciation and amortization$2.3M+10.4% YoY

Amortization of Gamma acquisition intangibles and continued capitalization of software development costs

Margins: Gross margin expanded to 63.3% from 61.6%, driven primarily by a greater contribution of total revenue from the higher-margin pharma patient affordability business; net margin rose to 23.9% from 7.3%.

Watch Items from the Filing

One pharma patient affordability customer represented 36% of accounts receivable at June 30, 2026, up from 31% at December 31, 2025.
Plasma center count fell by 46 net centers over the prior twelve months as customers closed underperforming centers and one customer moved to another payment provider.
Gamma earn-out written to $0 and terminated; actual revenue was materially below the $20.0 million per-tranche thresholds, producing a $990,000 one-time SG&A gain.
Accounts receivable grew to $103.2M, including $88.8M of pass-through claim reimbursements fully offset in accounts payable.
Effective tax rate fell to 14.5% from 32.1% on stock-based compensation discrete benefits, a driver that may not repeat.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$28.3M

Net Income

Q2 2026

$6.8M

Free Cash Flow

Q2 2026

$1.2M

ROIC

Q2 2026

42.9%

D/E Ratio

Q2 2026

0.09

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+40.5% YoY

$82.0MFY 2025

FY22 $38.0MFY23 $47.3MFY24 $58.4MFY25 $82.0M

Net Income

+97.9% YoY

$7.6MFY 2025

FY22 $1.0MFY23 $6.5MFY24 $3.8MFY25 $7.6M

Operating Income

+620.8% YoY

$7.4MFY 2025

FY22 $344.3KFY23 $-167.3KFY24 $1.0MFY25 $7.4M

EPS (Diluted)

+85.7% YoY

$0.13FY 2025

FY22 $0.02FY23 $0.12FY24 $0.07FY25 $0.13

Total Assets

+54.3% YoY

$276.3MFY 2025

FY22 $108.2MFY23 $146.6MFY24 $179.0MFY25 $276.3M

Total Debt

$8.0MFY 2025

FY22 —FY23 —FY24 $0.00FY25 $8.0M

Op. Cash Flow

+128.6% YoY

$52.5MFY 2025

FY22 $25.3MFY23 $27.6MFY24 $22.9MFY25 $52.5M

Free Cash Flow

+127.6% YoY

$51.2MFY 2025

FY22 $25.2MFY23 $27.4MFY24 $22.5MFY25 $51.2M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$82.0M +40.5%	$58.4M +23.5%	$47.3M +24.3%	$38.0M +29.1%	$29.5M +22.2%	$24.1M
Net Income	$7.6M +97.9%	$3.8M -40.9%	$6.5M +528.4%	$1.0M +137.8%	$-2.7M +70.2%	$-9.1M
Operating Income	$7.4M +620.8%	$1.0M +710.7%	$-167.3K -148.6%	$344.3K +112.6%	$-2.7M +67.1%	$-8.3M
EPS (Diluted)	$0.13 +85.7%	$0.07 -41.7%	$0.12 +500.0%	$0.02 +140.0%	$-0.05 +73.7%	$-0.19
Total Assets	$276.3M +54.3%	$179.0M +22.1%	$146.6M +35.4%	$108.2M +28.8%	$84.1M +23.9%	$67.8M
Total Debt	$8.0M	$0.00	—	—	—	—
Operating Cash Flow	$52.5M +128.6%	$22.9M -16.9%	$27.6M +9.1%	$25.3M +66.3%	$15.2M +10.5%	$13.8M
Free Cash Flow	$51.2M +127.6%	$22.5M -17.7%	$27.4M +8.5%	$25.2M +69.2%	$14.9M +20.2%	$12.4M

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Available Research

13F Pro tracks comprehensive data for Paysign, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of PAYS

Topline Capital Management, LLC
$38.0M4,639,061 sh
BlackRock, Inc.
$25.2M3,079,208 sh
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
$17.0M2,073,580 sh
VANGUARD CAPITAL MANAGEMENT LLC
$13.1M1,597,278 sh
THOMPSON SIEGEL & WALMSLEY LLC
$11.6M1,413,848 sh
RENAISSANCE TECHNOLOGIES LLC
$8.8M1,073,783 sh
GEODE CAPITAL MANAGEMENT, LLC
$8.6M1,045,645 sh
Palisades Investment Partners, LLC
$8.2M1,000,758 sh
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$7.4M904,501 sh
STATE STREET CORP
$6.9M843,660 sh

Fund	Value	Shares
Topline Capital Management, LLC	$38.0M	4,639,061
BlackRock, Inc.	$25.2M	3,079,208
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.	$17.0M	2,073,580
VANGUARD CAPITAL MANAGEMENT LLC	$13.1M	1,597,278
THOMPSON SIEGEL & WALMSLEY LLC	$11.6M	1,413,848
RENAISSANCE TECHNOLOGIES LLC	$8.8M	1,073,783
GEODE CAPITAL MANAGEMENT, LLC	$8.6M	1,045,645
Palisades Investment Partners, LLC	$8.2M	1,000,758
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$7.4M	904,501
STATE STREET CORP	$6.9M	843,660

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Is PAYS a good stock to buy?

13F Pro's AI-powered analysis of Paysign, Inc. (PAYS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PAYS are available on the PAYS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. PAYS is classified as a small company.

Which hedge funds own PAYS?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PAYS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Paysign, Inc.'s investment landscape.