The company's financial position is strained by a $2.5 billion debt load and a debt-to-equity ratio that has climbed to 4.11 as of 2026Q1.
| Total Current Assets | 1.67B | 1.75B | 1.68B | 1.91B | 2.5B | 2.34B | 2.2B | 1.89B | 1.7B |
| Cash & Short-Term Investments | 257.21M | 1.35B | 216.68M | 202.32M | 260.22M | 313.44M | 387.62M | 234.62M | 122.97M |
| Cash Only | 257.21M | 1.35B | 216.68M | 202.32M | 260.22M | 313.44M | 387.62M | 234.62M | 122.97M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 312.99M | 290.58M | 296.76M | 333.31M | 307.1M | 306.97M | 373.43M | 120.38M | 138.18M |
| Days Sales Outstanding | 56.71 | 62.34 | 63.54 | 75.98 | 74.92 | 75.35 | 95.55 | 30.98 | 44.21 |
| Inventory | 0 | 0 | 0 | 0 | 1.87B | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | 1.11K | - | - | - | - |
| Other Current Assets | 1.1B | 597K | 1.16B | 1.37B | 1.93B | 1.66B | 1.44B | 1.47B | 1.44B |
| Total Non-Current Assets | 2.99B | 3.05B | 3.13B | 3.32B | 3.46B | 4.92B | 5.21B | 5.44B | 5.68B |
| Property, Plant & Equipment | 64.34M | 68.63M | 64.92M | 39.33M | 47.46M | 48.02M | 58.88M | 63.56M | 64.44M |
| Fixed Asset Turnover | 25.85x | 24.79x | 26.26x | 40.71x | 31.53x | 30.96x | 24.23x | 22.31x | 17.70x |
| Goodwill | 2.06B | 2.08B | 1.98B | 2.02B | 2B | 3.65B | 3.48B | 3.44B | 3.45B |
| Intangible Assets | 832.89M | 874.05M | 981.32M | 1.16B | 1.29B | 1.2B | 1.52B | 1.8B | 2.01B |
| Long-Term Investments | 9.28M | 3.31M | 5.5M | 10.43M | 17.32M | 0 | 125.11M | 0 | 0 |
| Other Non-Current Assets | 16.9M | 16.92M | 12.81M | 6.84M | 2.05M | 1.86M | 508K | 133.78M | 149.13M |
| Total Assets | 4.66B | 4.8B | 4.81B | 5.23B | 5.96B | 7.27B | 7.41B | 7.33B | 7.38B |
| Asset Turnover | 0.37x | 0.35x | 0.35x | 0.31x | 0.25x | 0.20x | 0.19x | 0.19x | 0.15x |
| Asset Growth % | -6.08% | -0.12% | -8% | -12.24% | -18.03% | -1.92% | 1.13% | -0.77% | - |
| Total Current Liabilities | 1.44B | 1.41B | 1.45B | 1.71B | 2.3B | 1.66B | 1.82B | 1.61B | 1.54B |
| Accounts Payable | 207.87M | 209.43M | 57.64M | 49.67M | 45.97M | 18.6M | 27.16M | 237.67M | 32.86M |
| Days Payables Outstanding | 82.05 | 75.29 | 29.39 | 27.34 | 27.33 | 11.32 | 18.54 | 170.52 | 30.69 |
| Short-Term Debt | 19.62M | 19.21M | 10.19M | 10.19M | 10.19M | 10.19M | 24.37M | 24.79M | 23.61M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.2B | 1.18B | 25.35M | 1.61B | 2.19B | 1.57B | 1.73B | 1.34B | 1.49B |
| Current Ratio | 1.16x | 1.24x | 1.16x | 1.11x | 1.09x | 1.41x | 1.21x | 1.18x | 1.10x |
| Quick Ratio | 1.16x | 1.24x | 1.16x | 1.11x | 0.27x | 1.41x | 1.21x | 1.18x | 1.10x |
| Cash Conversion Cycle | -25.34 | - | - | - | 1.16K | - | - | - | - |
| Total Non-Current Liabilities | 2.61B | 2.73B | 2.48B | 2.63B | 2.8B | 2.9B | 3.65B | 3.65B | 3.67B |
| Long-Term Debt | 2.48B | 2.61B | 2.35B | 2.49B | 2.63B | 2.75B | 3.25B | 3.45B | 3.45B |
| Capital Lease Obligations | 132.81M | 33.81M | 35.57M | 16.96M | 29.91M | 28.01M | 34.54M | 29.64M | 0 |
| Deferred Tax Liabilities | 284.81M | 92.47M | 91.57M | 111.7M | 118.79M | 64.89M | 122.52M | 0 | 0 |
| Other Non-Current Liabilities | 2.26M | 3.4M | 3.99M | 11.41M | 17.01M | 59.38M | 247.49M | 170.4M | 216.49M |
| Total Liabilities | 4.04B | 4.15B | 3.93B | 4.34B | 5.1B | 4.56B | 5.48B | 5.26B | 5.21B |
| Total Debt | 2.53B | 2.66B | 2.41B | 2.53B | 2.68B | 2.8B | 3.31B | 3.52B | 3.48B |
| Net Debt | 2.28B | 1.31B | 2.19B | 2.32B | 2.42B | 2.48B | 2.92B | 3.28B | 3.35B |
| Debt / Equity | 4.11x | 4.06x | 2.74x | 2.86x | 3.12x | 1.03x | 1.71x | 1.70x | 1.60x |
| Debt / EBITDA | 6.80x | 6.70x | 5.90x | 5.98x | - | - | 11.48x | 10.61x | 9.93x |
| Net Debt / EBITDA | 6.11x | 3.31x | 5.37x | 5.50x | - | - | 10.14x | 9.90x | 9.58x |
| Interest Coverage | 0.75x | 0.90x | 0.98x | 1.08x | 0.21x | 0.49x | 0.95x | 0.27x | 0.79x |
| Total Equity | 616.23M | 655.04M | 879.26M | 883.31M | 859.64M | 2.71B | 1.93B | 2.06B | 2.17B |
| Equity Growth % | -79.48% | -25.5% | -0.46% | 2.75% | -68.25% | 40.08% | -6.33% | -4.9% | - |
| Book Value per Share | 12.04 | 11.27 | 14.21 | 14.38 | 14.20 | 44.90 | 32.05 | 34.22 | 35.98 |
| Total Shareholders' Equity | 616.23M | 655.04M | 879.26M | 883.31M | 859.64M | 2.57B | 1.92B | 2.06B | 2.16B |
| Common Stock | 766K | 0 | 750K | 741K | 730K | 723K | 1.25M | 1.25M | 1.25M |
| Retained Earnings | -2.46B | 0 | -2.24B | -2.26B | -2.24B | -376.79M | -265.83M | -131.61M | -21.41M |
| Treasury Stock | -137.21M | 0 | -42.59M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -23.2M | 0 | -40.49M | -23.75M | -38.08M | -3.83M | -2.42M | -602K | -4.46M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 138M | 11.3M | 5.96M | 5.9M |
High debt leverage vulnerability
According to the latest quarterly data, PSFE's debt-to-equity ratio has climbed to 4.11 in 2026Q1, reflecting a deteriorating capital structure that suggests the company is struggling to deleverage despite its ongoing efforts to navigate a complex regulatory and competitive landscape in the digital payments sector.
The upward trajectory in leverage metrics indicates that the firm's reliance on debt financing remains a structural impediment to long-term stability. Investors should monitor whether this trend persists, as it may limit the company's flexibility to invest in organic growth initiatives or respond to potential market volatility.
As reported in recent financial statements, PSFE carries a substantial debt load of $2.5 billion, which, when viewed alongside its equity base of $616.2 million, highlights a highly leveraged position that leaves the company with minimal margin for error in its operational execution.
The significant debt-to-equity ratio suggests that interest obligations likely consume a meaningful portion of the company's cash flow, potentially diverting resources away from necessary product innovation. This leverage profile warrants further investigation into the maturity schedule of these obligations and the firm's ability to refinance under current market conditions.
Based on the company's reported figures, goodwill accounts for $2.1 billion of the $4.7 billion total asset base, indicating that the firm's valuation is heavily anchored in historical acquisitions rather than tangible, income-generating physical assets like property, plant, and equipment.
The concentration of goodwill suggests that the balance sheet is sensitive to potential impairment charges if the acquired businesses fail to meet performance expectations. This asset composition implies that the company's underlying value is highly dependent on the continued success of its legacy M&A strategy.
Data from recent filings reveals that PSFE maintains a current ratio of 1.16 as of 2026Q1, which, while technically above parity, provides a relatively thin buffer against short-term liquidity shocks given the company's ongoing negative net income and substantial debt service requirements.
The modest liquidity position suggests that the company may face challenges if it encounters unexpected operational headwinds or a sudden contraction in transaction volumes. Analysts should closely watch the cash runway, as the current levels may necessitate careful management of working capital to ensure ongoing solvency.
Analysis of the reported figures shows that retained earnings have plummeted to negative $2.5 billion by 2026Q1, a trend that underscores the persistent difficulty the company faces in generating sustainable GAAP profitability to bolster its shareholder equity base over time.
The consistent depletion of retained earnings appears to be a direct consequence of the firm's inability to convert its transactional volume into bottom-line growth. This erosion of equity may signal to investors that the current business model requires significant structural adjustments to achieve long-term financial health.
Quick answers to the most common questions about buying PSFE stock.
As of 2025, Paysafe Limited (PSFE) had total assets of $4.80B including $1.75B in current assets.
Paysafe Limited (PSFE) carries total debt of $2.66B, offset by $1.35B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Paysafe Limited (PSFE) has total shareholders' equity (book value) of $655.0M ($11.27 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Paysafe Limited (PSFE) reported a current ratio of 1.24x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.