PAY · Paymentus Holdings, Inc.

Paymentus delivered a robust start to 2026 with record Q1 revenue of $358.4 million, reflecting 30.2% year-over-year growth primarily from expanded billers and higher transaction volumes of 203.4 million, up 17.4%. This drove GAAP gross profit to $86.2 million (30.6% growth) and non-GAAP adjusted gross profit to $92.4 million (27.3% growth), while contribution profit rose 25.2% to $109.7 million, underscoring scalable platform economics after network fees. CEO Dushyant Sharma highlighted strong bookings and backlog supporting the positive 2026 outlook. Profitability expanded significantly with Adjusted EBITDA surging 41.5% to $42.4 million, achieving a record 38.7% margin on contribution profit, aided by operating leverage. GAAP net income improved to $20.9 million from $13.8 million, with diluted EPS at $0.16 versus $0.11 prior year; non-GAAP figures showed $26.9 million net income and $0.21 EPS. Guidance signals continued momentum: Q2 revenue targeted at $340-350 million, contribution profit $108-111 million, Adjusted EBITDA $38-40 million; full-year revenue $1,425-1,440 million, contribution profit $450-457 million, Adjusted EBITDA $165-172 million. These non-GAAP forward measures exclude items like stock-based compensation and acquisition amortization, with reconciliations unavailable due to variability. The results and outlook affirm Paymentus' growth trajectory in cloud-based bill payment solutions.