Paymentus Q4 Revenue Rises 28.1%, EBITDA Gains 46.3%; Wedbush Cuts Target to $32
Paymentus reported Q4 revenue up 28.1% year-over-year and a 46.3% rise in adjusted EBITDA, while full-year revenue climbed 37.3% to $1.197 billion and adjusted EBITDA gained 45.9%. Wedbush lowered its price target to $32 from $40 but maintained an Outperform rating, citing continued transaction growth and bill-payment digitization.
1. Q4 and Full-Year 2025 Performance
Paymentus posted Q4 revenue growth of 28.1% year-over-year and a 46.3% increase in adjusted EBITDA. For full year 2025, revenue rose 37.3% to $1.197 billion while adjusted EBITDA climbed 45.9%.
2. Analyst Rating and Price Target Adjustment
Wedbush trimmed its price target to $32 from $40 but maintained an Outperform rating, citing a reduced multiple and sustained transaction growth across a diverse customer base as drivers for future outperformance.
3. Growth Drivers and 2026 Backlog
Higher transaction volumes and an enlarged biller network fueled Q4 and full-year growth, and a sizable year-end backlog provides clear visibility into revenue and margin expansion for 2026.
4. Business Model and Strategic Outlook
The company’s cloud-based bill payment platform supports digital, mobile, and automated payments, enabling businesses and consumers to process bills securely and efficiently while capitalizing on the broader shift toward electronic payments.