---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-053564"
form_type: "8-K"
ticker: "PAY"
cik: "0001841156"
company_name: "Paymentus Holdings, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:23:54.410651+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Paymentus Q1 revenue up 24.6% to $184.9M; adjusted EBITDA rises 135.5%

## Summary
- Revenue of $184.9M, up 24.6% YoY; driven by higher transaction activity from new and existing billers.
- GAAP net income of $7.2M ($0.06 EPS); non-GAAP net income $12.2M ($0.10 EPS).
- Contribution profit of $69.4M (+29.6% YoY); adjusted gross profit $57.6M (+31.9%).
- Adjusted EBITDA margin of 28.6% (up from prior year); positive outlook for rest of 2024.

## SEC filing metadata
- accession: 0000950170-24-053564
- form_type: 8-K
- ticker: PAY
- cik: 0001841156
- company_name: Paymentus Holdings, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841156/000095017024053564/0000950170-24-053564-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841156/000095017024053564/pay-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-053564
- JSON: https://secwatch.observer/filing/0000950170-24-053564.json
- Plain text: https://secwatch.observer/filing/0000950170-24-053564.txt

## Key facts
- Earnings Releases
  Paymentus Holdings, Inc. reported the quarter ended March 31, 2024 results: revenue $184.9 million, net income $7.2 million, EPS $0.06.
  - Period: the quarter ended March 31, 2024
  - Revenue: $184.9 million
  - Net income: $7.2 million
  - EPS: $0.06
  - Result: reported results
  source text: and backlog, supporting our positive outlook for the rest of 2024,” said Dushyant Sharma, Founder and CEO. First Quarter 2024 Financial and Business Highlights • Revenue was $184.9 million, an increase of 24.6% year-over-year, driven largely by increased transactions. • Gross profit was $52.7 million, an increase of 31.6% year-over-year. Adjusted gross profit (1)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841156/000095017024053564/0000950170-24-053564-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.