Forensic Analysis · General / Diversified · as of Jun 28, 2026
Paysafe Ltd (PSFE)
A forensic read on Paysafe Ltd built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Distress
Financial health
-0.9
Altman Z-score
Clean
Earnings quality
2
Forensic signals
-28.6%
ROE
$472M
Market cap
Paysafe Ltd earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is -0.9, placing it in the Distress zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
2%Return on invested capital.Return on invested capital is 2% and rising from -43% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
$1.9BGoodwill impairments.Took $1.9B of goodwill writedowns across 1 year(s) (FY2022 ($1.9B)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Net Margin-10.7%
Debt / Equity3.99x
Free Cash Flow$223.6M
Latest Revenue$1.70B
Return on Equity-27.9%
Revenue Growth YoY-0.2%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Paysafe Ltd:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about PSFE's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown