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Side-by-side financial comparison of Maison Solutions Inc. (MSS) and Paysign, Inc. (PAYS). Click either name above to swap in a different company.

Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $22.8M, roughly 1.2× Paysign, Inc.). Paysign, Inc. runs the higher net margin — 6.0% vs -18.0%, a 24.0% gap on every dollar of revenue. On growth, Paysign, Inc. posted the faster year-over-year revenue change (45.8% vs -10.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs 31.3%).

Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.

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.

MSS vs PAYS — Head-to-Head

Bigger by revenue
MSS
MSS
1.2× larger
MSS
$27.6M
$22.8M
PAYS
Growing faster (revenue YoY)
PAYS
PAYS
+56.8% gap
PAYS
45.8%
-10.9%
MSS
Higher net margin
PAYS
PAYS
24.0% more per $
PAYS
6.0%
-18.0%
MSS
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
31.3%
PAYS

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
MSS
MSS
PAYS
PAYS
Revenue
$27.6M
$22.8M
Net Profit
$-5.0M
$1.4M
Gross Margin
23.4%
57.7%
Operating Margin
-4.9%
8.1%
Net Margin
-18.0%
6.0%
Revenue YoY
-10.9%
45.8%
Net Profit YoY
-1840.5%
-0.7%
EPS (diluted)
$-0.23
$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
MSS
MSS
PAYS
PAYS
Q4 25
$27.6M
$22.8M
Q3 25
$27.2M
$21.6M
Q2 25
$34.4M
$19.1M
Q1 25
$32.3M
$18.6M
Q4 24
$29.4M
$15.6M
Q3 24
$28.2M
$15.3M
Q2 24
$16.9M
$14.3M
Q1 24
$13.6M
$13.2M
Net Profit
MSS
MSS
PAYS
PAYS
Q4 25
$-5.0M
$1.4M
Q3 25
$-1.5M
$2.2M
Q2 25
$-287.4K
$1.4M
Q1 25
$1.0M
$2.6M
Q4 24
$-256.0K
$1.4M
Q3 24
$700.9K
$1.4M
Q2 24
$-2.8M
$697.1K
Q1 24
$-549.0K
$309.1K
Gross Margin
MSS
MSS
PAYS
PAYS
Q4 25
23.4%
57.7%
Q3 25
24.1%
56.3%
Q2 25
9.5%
61.6%
Q1 25
21.8%
62.9%
Q4 24
26.9%
58.9%
Q3 24
28.9%
55.5%
Q2 24
13.0%
52.9%
Q1 24
23.4%
52.6%
Operating Margin
MSS
MSS
PAYS
PAYS
Q4 25
-4.9%
8.1%
Q3 25
0.7%
7.3%
Q2 25
-15.9%
7.5%
Q1 25
3.7%
13.4%
Q4 24
3.2%
3.0%
Q3 24
7.3%
4.5%
Q2 24
-14.4%
0.9%
Q1 24
-2.3%
-2.0%
Net Margin
MSS
MSS
PAYS
PAYS
Q4 25
-18.0%
6.0%
Q3 25
-5.7%
10.3%
Q2 25
-0.8%
7.3%
Q1 25
3.1%
13.9%
Q4 24
-0.9%
8.8%
Q3 24
2.5%
9.4%
Q2 24
-16.4%
4.9%
Q1 24
-4.0%
2.3%
EPS (diluted)
MSS
MSS
PAYS
PAYS
Q4 25
$-0.23
$0.02
Q3 25
$-0.08
$0.04
Q2 25
$-0.02
$0.02
Q1 25
$0.06
$0.05
Q4 24
$-0.01
$0.02
Q3 24
$0.04
$0.03
Q2 24
$-0.16
$0.01
Q1 24
$-0.03
$0.01

Balance Sheet & Financial Strength

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

Metric
MSS
MSS
PAYS
PAYS
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$11.6M
$48.5M
Total Assets
$75.4M
$276.3M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSS
MSS
PAYS
PAYS
Q4 25
Q3 25
$1.1M
Q2 25
$775.4K
Q1 25
$445.4K
Q4 24
$355.7K
Q3 24
$588.9K
Q2 24
$2.1M
Q1 24
$9.4M
Total Debt
MSS
MSS
PAYS
PAYS
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$2.6M
Q1 25
Q4 24
Q3 24
$2.5M
Q2 24
$2.6M
Q1 24
$2.6M
Stockholders' Equity
MSS
MSS
PAYS
PAYS
Q4 25
$11.6M
$48.5M
Q3 25
$10.1M
$45.8M
Q2 25
$11.7M
$42.2M
Q1 25
$12.0M
$39.3M
Q4 24
$10.9M
$30.4M
Q3 24
$11.2M
$28.5M
Q2 24
$10.5M
$26.9M
Q1 24
$13.3M
$25.5M
Total Assets
MSS
MSS
PAYS
PAYS
Q4 25
$75.4M
$276.3M
Q3 25
$73.3M
$209.5M
Q2 25
$77.4M
$193.9M
Q1 25
$82.7M
$205.1M
Q4 24
$82.7M
$179.0M
Q3 24
$82.1M
$167.0M
Q2 24
$82.4M
$182.3M
Q1 24
$44.2M
$173.0M
Debt / Equity
MSS
MSS
PAYS
PAYS
Q4 25
0.22×
Q3 25
0.26×
Q2 25
0.22×
Q1 25
Q4 24
Q3 24
0.23×
Q2 24
0.24×
Q1 24
0.19×

Cash Flow & Capital Efficiency

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

Metric
MSS
MSS
PAYS
PAYS
Operating Cash FlowLast quarter
$-1.7M
$48.1M
Free Cash FlowOCF − Capex
$47.5M
FCF MarginFCF / Revenue
208.7%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
35.29×
TTM Free Cash FlowTrailing 4 quarters
$51.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSS
MSS
PAYS
PAYS
Q4 25
$-1.7M
$48.1M
Q3 25
$1.1M
$6.8M
Q2 25
$-1.6M
$3.6M
Q1 25
$1.7M
$-6.0M
Q4 24
$1.1M
$14.3M
Q3 24
$3.6M
$-20.2M
Q2 24
$-2.6M
$20.6M
Q1 24
$-1.4M
$8.2M
Free Cash Flow
MSS
MSS
PAYS
PAYS
Q4 25
$47.5M
Q3 25
$6.3M
Q2 25
$3.6M
Q1 25
$-6.1M
Q4 24
$14.2M
Q3 24
$-20.3M
Q2 24
$20.4M
Q1 24
$8.2M
FCF Margin
MSS
MSS
PAYS
PAYS
Q4 25
208.7%
Q3 25
29.2%
Q2 25
18.6%
Q1 25
-32.9%
Q4 24
91.0%
Q3 24
-133.0%
Q2 24
142.4%
Q1 24
62.1%
Capex Intensity
MSS
MSS
PAYS
PAYS
Q4 25
2.6%
Q3 25
2.1%
Q2 25
0.5%
Q1 25
0.4%
Q4 24
0.7%
Q3 24
0.8%
Q2 24
1.0%
Q1 24
0.4%
Cash Conversion
MSS
MSS
PAYS
PAYS
Q4 25
35.29×
Q3 25
3.05×
Q2 25
2.62×
Q1 25
1.66×
-2.33×
Q4 24
10.43×
Q3 24
5.12×
-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

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

PAYS
PAYS

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

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