PaySauce (PYS) Q2 2025 TU earnings summary

Executive summary

• Achieved 9% year-over-year customer growth, reaching 7,821 customers at the end of Q2 FY25.

• Recurring revenue for Q2 FY25 increased 19% year-over-year to $2.2m.

• Processing fee revenue rose 21% year-over-year to $1.6m, with interest revenue up 14% to $0.6m.

• Completed migration of goPayroll product to AWS, advancing product unification and platform scalability.

Financial highlights

• Annualized recurring revenue (ARR) reached $8.7m, up 17% year-over-year.

• Recurring revenue for the quarter was $2.2m, up 19% year-over-year.

• Processing fee revenue for the quarter was $1.6m, up 21% year-over-year.

• Interest revenue from funds held on behalf of customers was $0.6m, up 14% year-over-year.

Outlook and guidance

• Focus remains on accelerating growth through a scalable, unified platform leveraging AWS.

• Recent executive appointments aim to drive product innovation and user experience improvements.