PAID, Inc. Reports 22% Revenue Growth to $5.33 Million in Q1 2026

PAID, Inc. reported a net revenue of $5.33 million for the first quarter of 2026, marking a 22% increase from $4.38 million in the same period of 2025. This growth was primarily driven by a 21% rise in revenues from the shipping coordination and label generation services segment, which generated $5.24 million, up from $4.35 million year-over-year. The company also introduced a new warehousing services segment, contributing $76,007 to total revenues. However, revenues from client services, which included brewery management software, fell to zero following the discontinuation of the BeerRun Software in June 2025.

The company's gross profit increased to $1.06 million, up from $1.02 million in the prior year, although the gross margin decreased to 20% from 22%. Total operating expenses remained relatively stable, decreasing slightly to $1.18 million from $1.18 million in the previous year. Notably, PAID, Inc. reported net other income of $65,664 in 2026, compared to no other income in 2025, attributed to write-offs of aged payables and accrued expenses.

PAID, Inc. recorded a net loss of $41,531 for the first quarter of 2026, a significant improvement from a net loss of $148,773 in the same quarter of 2025. The loss per share for the first quarter of 2026 was reported at $0.00, compared to a loss of $0.02 per share in the previous year. The company’s accumulated deficit stood at $69.28 million as of March 31, 2026.

In terms of strategic developments, PAID, Inc. completed the acquisition of Warehowz Inc. on January 30, 2026, for a total consideration of $176,786, which included cash and stock. This acquisition is expected to enhance the company's service offerings by providing access to over 2,500 warehousing and fulfillment facilities across North America, thereby complementing its existing shipping services. The integration of Warehowz is anticipated to facilitate cross-selling opportunities and improve operational efficiencies.

Looking ahead, PAID, Inc. management expressed confidence in the company's ability to meet its working capital requirements through May 2027, despite ongoing losses. The company plans to continue exploring growth opportunities and may seek alternative sources of capital to support future operations. Management remains focused on enhancing its product offerings and expanding its market presence, particularly in the small to medium business segment, which is expected to drive further revenue growth.