PSFE Paysafe Ltd

Overview and Growth

Paysafe Ltd generated $1.70B of revenue in fiscal 2025, with net loss of $182.51M and an operating cash inflow of $236.16M. At $1.70B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $1.70B in fiscal 2024, revenue decreased 0.2%, a top-line contraction that reduced operating scale. The company reported diluted EPS of -$3.14, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $0.36 in fiscal 2024, the current result was 972.2% lower. Asset turnover was 0.35x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $960.19M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 56.4% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was $71.92M, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 4.2%, showing the portion of revenue preserved after the full set of operating costs. After all below-operating-line items, the company recorded a net loss of $182.51M for the fiscal year. The net loss equaled 10.7% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported a pretax loss of $72.06M, before the effect of income taxes. The pretax loss equaled 4.2% of revenue, measuring the pre-tax deficit against sales. The reported income-tax provision was $110.45M, the amount recognized between pretax income and the final net-income result. The net loss equaled 27.9% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 3.8%, placing the bottom-line deficit against the company’s resource base.

Liquidity and Capital Structure

The company held $4.80B of assets against $4.15B of liabilities and $655.04M of equity, revealing how the asset base was financed. At period end, current assets of $1.75B compared with current liabilities of $1.41B, defining the company’s short-term resource position. Current assets covered current liabilities by 1.24x, leaving a positive buffer for near-term obligations. The company held $250.17M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 17.7%, excluding receivables and other current assets. The company carried $2.62B of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 3.99x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 54.4%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 86.4%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 5.2%, comparing reported cash and equivalents with the full positive asset balance. Compared with $4.81B in fiscal 2024, the current asset base moved 0.1% and finished lower. Reported equity changed 25.5% from $879.26M in fiscal 2024, placing the current capital base lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $236.16M, a reported cash inflow that can be compared directly with net income and capital spending. Capital spending was $12.58M, absorbing part of the cash generated from operations before free cash flow. Capital spending absorbed 5.3% of operating cash flow, quantifying the share of cash from operations directed to investment. Free cash flow came to $223.58M, leaving a positive amount after capital expenditures. Relative to revenue, free cash flow equaled 13.1%, showing how much sales converted into cash after investment. Free cash flow equaled 4.7% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.