PAY
Market read
The latest filing evidence is available. 0 of 21 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 13 directly disclosed connections are confirming.
Invalidation: The isolated read changes if PAY's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 21 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 13 directly disclosed connections are confirming.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
No qualifying adverse evidence was identified; that is not proof there is no downside.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Research and Development Expenses Research and development expenses increased primarily due to higher employee-related costs, including benefits, driven by headcount growth and annual compensation adjustments.”10-Q · May 5, 2026 ↗
“Finally, the increased worldwide demand for data, including as a result of the increased adoption and development of AI and its processing demands, has resulted in an increased demand for data centers and data-related infrastructure.”10-K · Feb 24, 2026 ↗
“Accordingly, we are now subject to increased scrutiny of compliance with Canadian payments regulations.”10-K · Feb 24, 2026 ↗
“Impact of Economic and Inflationary Trends Significant economic uncertainty is expected to persist through the remainder of 2025, driven by concerns over trade policies, geopolitical tensions, stubborn inflation, and the interest rate outlook.”10-Q · Aug 5, 2025 ↗
Valuation discipline
Price/sales 3.9× · EV/sales 3.7×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for PAY. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-05-05 against the comparable filing from 2025-05-07.
No thresholded deterioration was identified.
“19 Free Cash Flow Three Months Ended March 31, 2026 2025 (in thousands) Net cash provided by operating activities $ 30,452 $ 50,441 Purchases of property and equipment (80 ) (60 ) Capitalized internal-use software development costs (9,461 ) (9,278 ) Free cash flow $ 20,911 $ 41,103 The decrease in free cash flow for the three months ended March 31, 2026, as compared to the same period in 2025, was primarily driven by lower cash generated from operations, driven mainly by investment in working capital.”
“Sales and Marketing Expenses The increase in sales and marketing expenses was primarily driven by higher reseller commissions and employee-related costs.”
“The increase was driven by growth in transaction count and volume driven from both new and existing billers and financial institutions.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Our operations depend on adherence to the operating rules and standards set by payment networks, such as Visa, Mastercard, American Express, NACHA and INTERAC, including the Payment Card Industry Data Security Standards (PCI-DSS).”
“For example, we enable Walmart's consumers to pay their bills in-store at retail locations, and enable in-person cash payments at more than 90,000 retail locations in the Green Dot network.”
Depended on by
“Bill Payments The primary competitors for our bill payments solution include Alacriti, FIS, Fiserv, InvoiceCloud, Kubra, One Inc., Paymentus, PayNearMe, Repay, as well as smaller vertical-specific providers.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 14 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
PAY is currently a Follower in the organic co-movement group Enterprise Software & Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.