Paymentus Holdings (PAY) Research & Development (2020 - 2026)

Paymentus Holdings (PAY) reported Research & Development of $30.2 million for Q1 2026, up 15.96% on a YoY basis from $26.1 million in Q1 2025, and up 89.73% sequentially from $15.9 million in Q4 2025.

Paymentus Holdings (PAY) Research & Development (2020 - 2026) Analysis & Trends

Paymentus Holdings (PAY) has 7 years of Research & Development data on file, last reported at $30.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 15.96% year-over-year to $30.2 million; the trailing twelve-month figure through Mar 2026 stood at $76.6 million (down 19.05% YoY), and the FY2025 full-year result was $61.5 million, down 41.48% from the prior year.
  • Research & Development improved to $30.2 million in Q1 2026, from $15.9 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $50.4 million in Q4 2023 to a low of $10.2 million in Q2 2022.
  • A 5-year average of $19.7 million and a median of $15.9 million in 2025 frame the typical range for Research & Development.
  • Across the five-year window, Research & Development jumped 149.44% in 2023 and plunged 44.32% in 2025, its largest moves.
  • Tracing PAY's Research & Development over 5 years: stood at $20.2 million in 2022, then surged by 149.44% to $50.4 million in 2023, then slumped by 43.26% to $28.6 million in 2024, then plunged by 44.32% to $15.9 million in 2025, then jumped by 89.73% to $30.2 million in 2026.
  • Business Quant data shows PAY's Research & Development at $30.2 million in Q1 2026, $15.9 million in Q4 2025, and $15.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Microsoft 2,921.46 Bn 2,797.02 Bn 56.06 Bn 6.81 Bn
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn -
3 Oracle 344.13 Bn 312.24 Bn - 4.01 Bn
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 160.98 Mn
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 823.00 Mn
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 802.89 Mn
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 636.30 Mn
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 271.60 Mn
10 Paymentus Holdings 4.29 Bn 3.96 Bn 86.23 Mn 30.21 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 30.21 Mn
Dec 31, 2025 15.92 Mn
Sep 30, 2025 15.22 Mn
Jun 30, 2025 15.23 Mn
Mar 31, 2025 26.05 Mn
Dec 31, 2024 28.60 Mn
Sep 30, 2024 13.19 Mn
Jun 30, 2024 26.77 Mn
Mar 31, 2024 12.05 Mn
Dec 31, 2023 50.40 Mn
Sep 30, 2023 21.48 Mn
Jun 30, 2023 10.91 Mn
Mar 31, 2023 11.65 Mn
Dec 31, 2022 20.21 Mn
Sep 30, 2022 10.35 Mn
Jun 30, 2022 10.19 Mn
Mar 31, 2022 16.19 Mn
Dec 31, 2021 19.45 Mn
Sep 30, 2021 11.31 Mn
Jun 30, 2021 7.92 Mn