Paysign, Inc. reported significant financial growth in its 2025 fiscal year, with total revenues reaching $82.0 million, a 40.5% increase from $58.4 million in 2024. The company's net income nearly doubled, rising to $7.6 million from $3.8 million the previous year, reflecting a net margin improvement from 6.5% to 9.2%. This growth was primarily driven by a substantial increase in revenue from the pharmaceutical sector, which surged by 167.8% to $33.9 million, attributed to the launch of 55 new patient affordability programs. Plasma revenue also saw a modest increase of 4.0%, totaling $45.6 million, despite challenges related to elevated plasma inventory levels.
In terms of operational metrics, Paysign expanded its customer base significantly, growing to approximately 8.4 million cardholders across 670 card programs by the end of 2025. The company added 115 net plasma programs and launched 55 new pharmaceutical programs during the year, indicating a strategic focus on enhancing its service offerings in the healthcare sector. The total gross dollar volume loaded onto cards increased to $1.935 billion, up from $1.783 billion in 2024, demonstrating robust engagement with its prepaid card products.
The company also made strategic moves to bolster its market position, including the acquisition of Gamma Innovation LLC, which is expected to enhance its technology capabilities. Paysign's operational expenses rose by 32.6% to $41.4 million, driven by increased costs in sales, general and administrative expenses, and depreciation related to ongoing investments in technology and personnel. The company continues to prioritize investments in technology improvements, sales and marketing, and cybersecurity to support its growth trajectory.
Looking ahead, Paysign anticipates continued growth in 2026, supported by its expanding product offerings and market presence. The company plans to invest further in technology and customer service enhancements while monitoring its banking relationships closely in light of recent market conditions. With a strong cash position of $21.1 million as of December 31, 2025, Paysign is well-positioned to sustain its operations and explore new market opportunities in the coming years.
About Paysign, Inc.
Paysign, Inc. is a Nevada-based provider of prepaid card products and processing services for corporate, consumer, and government markets. Its offerings include rewards, incentives, healthcare reimbursement, disbursement, and donor compensation solutions. Operating on a scalable fintech platform, Paysign manages the entire prepaid card lifecycle, serving diverse clients with a focus on loyalty, cost reduction, and streamlined payments across multiple industries.
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