← BackPaysign, Inc. · Business Services, NECPAYS
Low riskNext report: Around Nov 11 (est.)
The short versionA profitable company with growing sales. Institutions are adding.
Going well
- Sales up 48% in the latest quarter vs a year ago
- Profitable
- Sales up 41% last year
Money moves
- Insiders sold $767K in the last 30 days, all through pre-planned sales
- Institutions added 17% to their holdings in the quarter ending June 2026 (95 bought, 39 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$14.26-4.4% that day
- Company value
- $805M
- Share price times all shares
- Price vs profit (P/E)
- 52.8x
- You pay about $53 for each $1 of yearly profit
- Price vs sales
- 8.0x
- Company value is 8.0 times a year of sales
- Cash vs value
- 22%
- Cash as a share of company value
- Debt vs value
- 1%
- Debt as a share of company value
From PAYS's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$28.3M+48% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $100.6M, up 47% from the 12 months before. Over 5 years, sales grew about 28% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- PassReturn on equity 15%+Earns a lot on the money owners have in the business.19.1%
- PassDebt under half of equityNot relying on borrowed money.0.17x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.9.2%
- MissProfitable every yearSteady profits, not one good year.8 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$51.2M
- MissShare count not growingNot diluting owners. Falling means buybacks.+12.7% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.59.4%
- Revenue
- $82.0M
- +40.5% vs prior year
- 5-year growth
- +27.7%/yr
- revenue, per year
- Total debt
- $8.0M
- 0.17x equity
- Current ratio
- 1.11x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $28.3M
- +48.1% YoY
- EPS
- $0.11
- vs $0.02
- Op. margin
- 24.8%
- +17.3 pts
- Gross margin
- 63.3%
- +1.7 pts
- Free cash flow
- $1.2M
- Share count
- +7.1%
- vs a year ago
Insider rating
Last 90 days
45Mixed
- Pre-planned sales of $767K (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 2.3
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+16.6%Institutions added 16.6% to their holdings. 95 bought, 39 sold. 5 quarters of net buying in a row.
Shares held by institutions30.3M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+2.3%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.1x · $5.3M debtShares outstandingLatest reported
56MNext reportAround Nov 11 (est.)Estimated from the same quarter last year
- Results filedAug 5
- Results filedMay 12
- Results filedMar 24
- Results filedNov 12, 2025
- Results filedAug 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days Bought$00 insiders
Sold$767K1 insider, 1 pre-planned
| Insider | Trade | Shares | Avg price | Value | Owns after | Date |
|---|
Mark NewcomerCEO | Sell | 50K | $15.34 | $767K | 9M | |
- -0.5% of their holdings
- Pre-planned sale (10b5-1)
- Also Director and 10% owner
- Filed 5 days after
|
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
SoldMark NewcomerCEO, Director, 10% owner
50,000 shares at $15.34 · $767K
- -1% of holdings
- Now owns 9,113,002 shares
- Pre-planned sale (10b5-1)
- Filed 5 days after trade
SoldJoan M HermanEVP, Operations, Director
59,904 shares at $11.97 avg ($11.74 to $12.38) · $717K
- -9% of holdings
- Now owns 609,421 shares
- Pre-planned sale (10b5-1)
- 2 transactions
- Filed 1 day after trade
SoldMichael C NgoChief Innovation Officer
150,000 shares at $12.79 avg ($12.74 to $12.85) · $1.9M
- -6% of holdings
- Now owns 2,350,000 shares
- Not a pre-planned sale
- Held by Gamma Innovation LLC
- 2 transactions
- Filed 1 day after trade
Stock awardMichael C NgoChief Innovation Officer
3,000,000 shares
- Now owns 500,000 shares
- Held by Gamma Innovation LLC
- 2 transactions
- Filed 538 days after trade
- Also: Shares withheld for taxes
SoldBradley Kramer CunninghamChief Technology Officer
13,000 shares at $7.42 avg ($7.30 to $7.80) · $96K
- -4% of holdings
- Now owns 348,631 shares
- Not a pre-planned sale
- 2 transactions
- Filed 95 days after trade
- Also: Shares withheld for taxes
SoldMatthew Baker TurnerPRES., PATIENT AFFORDABILITY
15,057 shares at $4.16 · $63K
- -3% of holdings
- Now owns 454,943 shares
- Not a pre-planned sale
- Filed 213 days after trade
- Also: Stock award, Shares withheld for taxes