The strong revenue growth and reaffirmed guidance provide near-term support, but the widening GAAP loss and margin compression in Merchant Solutions warrant caution. Watch for clarity on credit trends and cost control in upcoming quarters. The debt reduction progress is a positive signal for leverage targets.
Price Chart
Executive Summary
Paysafe reported Q1 2026 revenue of $442.7M, up 10% YoY, but net loss widened to $36.5M from $19.5M due to increased share-based compensation and credit losses. Adjusted EBITDA grew 4% to $99.2M and adjusted EPS rose 21% to $0.41. The company reaffirmed its full-year 2026 guidance. The mixed results reflect solid top-line growth offset by margin pressure and higher costs.
Key Facts
- Revenue of $442.7M, up 10% YoY (8% organic)
- Net loss widened to $36.5M from $19.5M, driven by $9.9M one-time share-based compensation and $9.7M higher credit losses
- Adjusted EBITDA $99.2M, up 4% YoY
- Adjusted EPS $0.41, up 21% YoY
- Digital Wallets revenue +15%, Merchant Solutions +6% (reported)
- Merchant Solutions Adjusted EBITDA declined 5%
- Full-year 2026 guidance reaffirmed: revenue $1.79B-$1.83B, Adj. EBITDA $449M-$464M, Adj. EPS $2.12-$2.32
- Net debt $2.2B; net leverage 5.2x, targeting below 5x by year-end
- Board appointment of Ignacio Caride
Financial Impact
Revenue increased $41.7M YoY, but net loss worsened by $17.0M; Adjusted EBITDA up $4.1M
Risk Factors
- Higher credit losses and one-time compensation costs may persist
- Merchant Solutions EBITDA decline signals competitive or margin pressure
- Net leverage remains elevated at 5.2x
- GAAP profitability still negative
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-220571 |
| Document: psfe_er_q126.htm | 0001193125-26-220571 |
| Document: 0001193125-26-220571-index-headers.html | 0001193125-26-220571 |
| Document: 0001193125-26-220571-index.html | 0001193125-26-220571 |
| Document: 0001193125-26-220571.txt | 0001193125-26-220571 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 26, 2026 17w ago | 144 | $7.37 $6.71 | ▼ −8.96% | ▼ −13.34% | $5.39 (−26.87%) |
May 27, 2026 21w ago | 6-K | $7.79 $6.59 | ▼ −15.40% | ▼ −17.28% | $5.39 (−30.81%) |
May 13, 2026 23w ago | 6-K | $8.15 $7.14 | ▲ +12.39% | ▲ +15.98% | $5.39 (+33.87%) |
May 13, 2026 23w ago | 6-K | $9.34 $7.32 | ▼ −21.63% | ▼ −26.07% | $5.39 (−42.29%) |
Apr 10, 2026 28w ago | 6-K | $7.40 $8.08 | ▲ +9.19% | ▼ −1.14% | $5.39 (−27.16%) |
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