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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and Paysign, Inc. (PAYS). Click either name above to swap in a different company.

Cambium Networks Corp is the larger business by last-quarter revenue ($40.3M vs $22.8M, roughly 1.8× Paysign, Inc.). Paysign, Inc. runs the higher net margin — 6.0% vs -17.9%, a 23.9% gap on every dollar of revenue. On growth, Paysign, Inc. posted the faster year-over-year revenue change (45.8% vs -23.2%). Paysign, Inc. produced more free cash flow last quarter ($47.5M vs $-10.8M). Over the past eight quarters, Paysign, Inc.'s revenue compounded faster (31.3% CAGR vs -27.2%).

Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

Paysign, Inc. is a specialized payment solutions provider that designs and delivers customized prepaid card programs, end-to-end payment processing services, and digital disbursement tools. Its core served segments include healthcare, corporate incentives, and general consumer markets, with primary operations and client bases across North America.

CMBM vs PAYS — Head-to-Head

Bigger by revenue
CMBM
CMBM
1.8× larger
CMBM
$40.3M
$22.8M
PAYS
Growing faster (revenue YoY)
PAYS
PAYS
+69.0% gap
PAYS
45.8%
-23.2%
CMBM
Higher net margin
PAYS
PAYS
23.9% more per $
PAYS
6.0%
-17.9%
CMBM
More free cash flow
PAYS
PAYS
$58.3M more FCF
PAYS
$47.5M
$-10.8M
CMBM
Faster 2-yr revenue CAGR
PAYS
PAYS
Annualised
PAYS
31.3%
-27.2%
CMBM

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBM
CMBM
PAYS
PAYS
Revenue
$40.3M
$22.8M
Net Profit
$-7.2M
$1.4M
Gross Margin
36.6%
57.7%
Operating Margin
-28.4%
8.1%
Net Margin
-17.9%
6.0%
Revenue YoY
-23.2%
45.8%
Net Profit YoY
71.0%
-0.7%
EPS (diluted)
$-0.26
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CMBM
CMBM
PAYS
PAYS
Q4 25
$22.8M
Q3 25
$21.6M
Q2 25
$19.1M
Q1 25
$18.6M
Q4 24
$40.3M
$15.6M
Q3 24
$44.7M
$15.3M
Q2 24
$45.2M
$14.3M
Q1 24
$47.1M
$13.2M
Net Profit
CMBM
CMBM
PAYS
PAYS
Q4 25
$1.4M
Q3 25
$2.2M
Q2 25
$1.4M
Q1 25
$2.6M
Q4 24
$-7.2M
$1.4M
Q3 24
$-34.5M
$1.4M
Q2 24
$-14.2M
$697.1K
Q1 24
$-18.4M
$309.1K
Gross Margin
CMBM
CMBM
PAYS
PAYS
Q4 25
57.7%
Q3 25
56.3%
Q2 25
61.6%
Q1 25
62.9%
Q4 24
36.6%
58.9%
Q3 24
43.6%
55.5%
Q2 24
32.5%
52.9%
Q1 24
29.8%
52.6%
Operating Margin
CMBM
CMBM
PAYS
PAYS
Q4 25
8.1%
Q3 25
7.3%
Q2 25
7.5%
Q1 25
13.4%
Q4 24
-28.4%
3.0%
Q3 24
-69.6%
4.5%
Q2 24
-27.2%
0.9%
Q1 24
-33.1%
-2.0%
Net Margin
CMBM
CMBM
PAYS
PAYS
Q4 25
6.0%
Q3 25
10.3%
Q2 25
7.3%
Q1 25
13.9%
Q4 24
-17.9%
8.8%
Q3 24
-77.3%
9.4%
Q2 24
-31.5%
4.9%
Q1 24
-39.2%
2.3%
EPS (diluted)
CMBM
CMBM
PAYS
PAYS
Q4 25
$0.02
Q3 25
$0.04
Q2 25
$0.02
Q1 25
$0.05
Q4 24
$-0.26
$0.02
Q3 24
$-1.22
$0.03
Q2 24
$-0.51
$0.01
Q1 24
$-0.66
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMBM
CMBM
PAYS
PAYS
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$67.6M
Stockholders' EquityBook value
$-3.2M
$48.5M
Total Assets
$173.7M
$276.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Total Debt
CMBM
CMBM
PAYS
PAYS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$67.6M
Q3 24
$67.6M
Q2 24
$68.9M
Q1 24
$63.8M
Stockholders' Equity
CMBM
CMBM
PAYS
PAYS
Q4 25
$48.5M
Q3 25
$45.8M
Q2 25
$42.2M
Q1 25
$39.3M
Q4 24
$-3.2M
$30.4M
Q3 24
$1.9M
$28.5M
Q2 24
$34.1M
$26.9M
Q1 24
$45.0M
$25.5M
Total Assets
CMBM
CMBM
PAYS
PAYS
Q4 25
$276.3M
Q3 25
$209.5M
Q2 25
$193.9M
Q1 25
$205.1M
Q4 24
$173.7M
$179.0M
Q3 24
$194.3M
$167.0M
Q2 24
$221.1M
$182.3M
Q1 24
$219.8M
$173.0M
Debt / Equity
CMBM
CMBM
PAYS
PAYS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.12×
Q2 24
2.02×
Q1 24
1.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMBM
CMBM
PAYS
PAYS
Operating Cash FlowLast quarter
$-10.4M
$48.1M
Free Cash FlowOCF − Capex
$-10.8M
$47.5M
FCF MarginFCF / Revenue
-26.8%
208.7%
Capex IntensityCapex / Revenue
1.1%
2.6%
Cash ConversionOCF / Net Profit
35.29×
TTM Free Cash FlowTrailing 4 quarters
$-21.4M
$51.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBM
CMBM
PAYS
PAYS
Q4 25
$48.1M
Q3 25
$6.8M
Q2 25
$3.6M
Q1 25
$-6.0M
Q4 24
$-10.4M
$14.3M
Q3 24
$8.9M
$-20.2M
Q2 24
$2.4M
$20.6M
Q1 24
$-15.9M
$8.2M
Free Cash Flow
CMBM
CMBM
PAYS
PAYS
Q4 25
$47.5M
Q3 25
$6.3M
Q2 25
$3.6M
Q1 25
$-6.1M
Q4 24
$-10.8M
$14.2M
Q3 24
$6.8M
$-20.3M
Q2 24
$87.0K
$20.4M
Q1 24
$-17.4M
$8.2M
FCF Margin
CMBM
CMBM
PAYS
PAYS
Q4 25
208.7%
Q3 25
29.2%
Q2 25
18.6%
Q1 25
-32.9%
Q4 24
-26.8%
91.0%
Q3 24
15.2%
-133.0%
Q2 24
0.2%
142.4%
Q1 24
-37.0%
62.1%
Capex Intensity
CMBM
CMBM
PAYS
PAYS
Q4 25
2.6%
Q3 25
2.1%
Q2 25
0.5%
Q1 25
0.4%
Q4 24
1.1%
0.7%
Q3 24
4.8%
0.8%
Q2 24
5.1%
1.0%
Q1 24
3.3%
0.4%
Cash Conversion
CMBM
CMBM
PAYS
PAYS
Q4 25
35.29×
Q3 25
3.05×
Q2 25
2.62×
Q1 25
-2.33×
Q4 24
10.43×
Q3 24
-14.03×
Q2 24
29.48×
Q1 24
26.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

PAYS
PAYS

Plasma Industry$12.6M55%
Pharma Industry$9.6M42%
Other$558.4K2%

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