PAID, Inc. Reports $20.7 Million Revenue for Fiscal Year 2025, Faces Net Loss

PAID, Inc. reported a total revenue of $20.7 million for the fiscal year ending December 31, 2025, marking an 11% increase from $18.6 million in 2024. The growth was primarily driven by a 12% rise in shipping coordination and label generation services, which generated $20.7 million, up from $18.5 million the previous year. However, client services revenue, which includes brewery management software, saw a significant decline of 78%, dropping to $3,863 from $17,815 in 2024, attributed to the retirement of that business segment. The company also experienced a 61% decrease in eCommerce services revenue, which fell to $26,540 from $68,097, as it shifted focus from individual products to a comprehensive platform offering.

Operating expenses increased by 16% to $5.3 million in 2025, compared to $4.6 million in 2024, largely due to share-based compensation and the hiring of two new executive-level employees. The company reported a net loss of $368,243 for 2025, a significant decline from a net income of $763,592 in 2024. This loss translated to a basic income per share of ($0.04), compared to $0.09 in the prior year. The decrease in profitability was compounded by a substantial drop in net other income, which fell to $50,520 from $1.2 million in 2024, primarily due to a gain on a note receivable from Embolx, Inc. that was not repeated in 2025.

In terms of operational developments, PAID, Inc. continues to serve over 109,300 members globally through its ShipTime platform, which provides shipping solutions for small and medium businesses. The company is focused on enhancing its eCommerce offerings, including PaidPayments, PaidCart, and PaidShipping, to better serve its customer base. The integration of ShipTime and PAID's services is a strategic priority for 2026, aimed at providing a comprehensive e-commerce platform for small to medium enterprises. The company has also expanded its marketing efforts and is exploring new partnerships to drive growth in the U.S. and Canadian markets.

As of December 31, 2025, PAID, Inc. had cash and cash equivalents of $1.1 million, down from $1.3 million in 2024, but improved its working capital position to ($304,212) from ($629,467) the previous year. Management believes it has sufficient capital to fund operations for the next 12 months and is actively seeking additional financing options to support future growth. The company is also addressing material weaknesses in its internal controls over financial reporting, which were identified during its evaluation process, and is implementing measures to enhance its operational infrastructure.

Looking ahead, PAID, Inc. anticipates continued growth in its shipping coordination and label generation services, while also focusing on the development of its eCommerce platform. However, the company acknowledges the inherent risks associated with market competition, economic conditions, and the need for effective execution of its business strategy. Management remains cautious but optimistic about the potential for future profitability and market expansion as it navigates these challenges.