Paysafe Posts $247.5 Million Net Loss and Cuts 2026 Annual Outlook
Key Facts
Paysafe reported a net loss of $247.5 million in the third quarter of 2026, compared with a loss of $87.7 million in the same period a year earlier, according to the company’s results. The loss came in a quarter when revenue rose 1% year over year, while organic revenue increased 2%. But revenue growth did not prevent a decline in adjusted EBITDA, which fell 17% to $105.7 million from $126.6 million a year earlier. The company lowered its full-year outlook ranges for revenue, earnings and adjusted earnings per share. CEO Bruce Lowthers said market and currency headwinds in the second half were greater than Paysafe had expected.
Paysafe attributed part of the wider loss to a $203.3 million goodwill impairment charge, which it described as non-cash. Selling, general and administrative expenses also rose by $24.8 million compared with the third quarter of 2025. Other expenses increased by $13.6 million, mainly related to third-party fees for a refinancing transaction. These items show that the loss included a non-cash accounting impact alongside higher operating costs and other expenses. Meanwhile, adjusted earnings, a measure distinct from net income, declined, reflecting the business mix, continued investment and severance costs.
By business line, digital wallets revenue grew organically 2% in the third quarter, supported by continued strength in Latin America and PaysafeWallet in Europe. The company said some markets faced weakness and regulatory pressure, while other regions and products grew. Merchant solutions revenue rose 2%, driven by online gambling activity in North America and improved growth among small and medium-sized businesses. The two segments delivered similar organic growth, but that did not translate into higher adjusted earnings year over year. The company attributed the decline in earnings to business mix, continued investment and severance costs.
Operating cash flow fell to $30.3 million in the third quarter from $69.2 million a year earlier. Paysafe said the decline reflected lower adjusted earnings, refinancing fees and higher working capital outflows. The company linked the increase in working capital outflows to the timing of receivables. The lower cash flow adds to the quarter’s picture of limited organic revenue growth alongside declines in adjusted profitability and operating cash flow. Refinancing fees were among the factors weighing on results, along with other expenses mainly related to third-party transaction fees.
Paysafe cut its 2026 fiscal-year outlook, setting a revenue range of $1,761 million to $1,771 million. It now expects adjusted EBITDA of $415 million to $422 million and adjusted earnings per share of $1.45 to $1.54. Lowthers said market and currency headwinds in the second half exceeded the company’s expectations, but added that it still expects mid-single-digit revenue growth in 2026. The revised guidance sits alongside the company’s continued expectation of annual growth, despite the market and currency pressures it described. The full-year outlook range remains the clearest indication management has provided of its expectations for the rest of the year.
In share trading, EL7 data showed PSFE shares closing at $6.82 on November 11, 2026. The close came in the session associated with the quarterly results announcement and the cut to the annual outlook. The EL7 data available here did not include verified figures for the session’s high and low prices. The comparison between the share price and results is limited to the closing price recorded that day, alongside the operating and financial data published by the company. The approved facts contain no other figures on the stock’s movement during the session.