XTM (PAID) AI Stock Analysis

• Market Cap: C$12.57M
• Dividend Yield: N/A
• Average Volume (3M): 158.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.14
• Revenue Growth: 22.81%
• EPS Growth: 11.13%
• Country: CA
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): -0.02
• Shares Outstanding: 279,227,750
• 10 Day Avg. Volume: 196,619
• 30 Day Avg. Volume: 158,139
• PEG Ratio: -0.02
• Price to Book (P/B): -0.55
• Price to Sales (P/S): 1.77
• P/FCF Ratio: -1.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: C$0.03 ▲(45.00% Upside)

The score is held down primarily by poor financial performance (loss-making operations, negative equity, and negative operating/free cash flow). Technicals offer only partial support with short-term strength but overbought indicators and a weaker long-term trend. Valuation is also unfavorable due to a negative P/E and no dividend yield data.

Positive Factors

Revenue growth trend

Sustained ~23% revenue growth indicates expanding customer adoption and market traction for XTM's payment offerings. Over a multi-quarter horizon this top-line momentum can help absorb fixed costs, support scale benefits, and provide runway for reinvestment if cash and margins improve.

Diversified revenue streams

XTM's model earns from transaction fees, subscriptions, partner integrations and interest on held funds, creating multiple recurring revenue vectors. Structural diversification reduces reliance on a single revenue type and supports predictable cash inflows as product adoption broadens.

Market focus on digital payments & gig economy

Targeting gig economy, retail and hospitality aligns XTM with long-term structural trends toward digital payroll and on-demand payments. This market positioning supports durable addressable-market expansion and recurring client needs for payroll and payout solutions over the coming years.

Negative Factors

Negative equity and high leverage

Negative equity and elevated leverage indicate a weakened capital structure that limits financial flexibility. Over months this raises refinancing and covenant risk, constrains ability to fund growth organically, and increases vulnerability to rate shifts or funding stress.

Persistent negative operating and free cash flow

Ongoing negative operating and free cash flow undermine liquidity and require external financing or equity raises to sustain operations. This structural cash deficit pressures investment capacity, increases financing costs, and can dilute shareholders or restrict long-term strategic moves.

Deteriorating margins and loss-making operations

Negative and worsening gross, EBIT and net margins point to unfavorable unit economics or rising costs that impair sustainable profitability. Unless structural cost improvements or pricing power are achieved, prolonged losses will erode capital and hinder the company’s ability to scale profitably.

XTM Business Overview & Revenue Model

Company Description

XTM Inc. is a technology company focused on providing innovative solutions for businesses in the financial services sector. The company specializes in digital payment solutions, including prepaid cards and mobile wallets, catering primarily to the gig economy, retail, and hospitality industries. XTM's core products enable businesses to streamline their payment processes, enhance employee payroll systems, and offer flexible spending options to customers.

How the Company Makes Money

XTM generates revenue through several key streams. Primarily, the company earns money by charging transaction fees for the use of its prepaid card services and mobile payment solutions. Additionally, XTM may earn revenue from partnerships with businesses that integrate its payment solutions into their operations, as well as from subscription fees for premium services. The company also benefits from interest on funds held in its prepaid accounts and may explore additional revenue opportunities through value-added services and targeted marketing solutions to its customer base.

XTM Financial Statement Overview

Summary

Despite strong revenue growth, the company struggles with profitability and financial stability. Persistent operating losses and a heavy reliance on external financing highlight potential risks. The company needs to focus on improving operational efficiency and reducing dependency on debt to enhance its financial health.

Income Statement

The company has shown significant revenue growth over the years, with an annual increase from 2019 to 2024. However, it continues to operate at a loss, with negative EBIT and net income margins. These negative margins indicate challenges in achieving profitability despite revenue growth.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, exacerbated by negative stockholders' equity, indicating potential financial instability. The equity ratio is negative due to liabilities exceeding assets, suggesting financial distress and potential risk for creditors.

Cash Flow

The company has a negative free cash flow and operating cash flow, indicating challenges in generating cash from operations. The financing cash flow is positive, suggesting reliance on external financing to sustain operations. This reliance on external funding poses risks if capital becomes scarce.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.08M	9.09M	6.78M	4.73M	2.26M	853.17K
Gross Profit	-5.31M	-148.73K	219.29K	930.41K	755.16K	82.51K
EBITDA	-17.26M	-19.77M	-14.81M	-7.04M	-5.07M	-3.20M
Net Income	-20.65M	-22.94M	-16.08M	-7.27M	-5.45M	-3.60M
Balance Sheet
Total Assets	55.88M	77.18M	63.55M	56.79M	37.00M	8.35M
Cash, Cash Equivalents and Short-Term Investments	52.90M	64.13K	94.10K	2.69M	8.38M	285.85K
Total Debt	11.19M	16.67M	2.89M	146.87K	236.94K	646.59K
Total Liabilities	95.91M	106.26M	70.88M	54.60M	27.36M	7.50M
Stockholders Equity	-40.03M	-29.08M	-7.33M	2.19M	9.64M	843.24K
Cash Flow
Free Cash Flow	-4.82M	-10.27M	-10.09M	-5.94M	-4.45M	-2.66M
Operating Cash Flow	-4.82M	-9.57M	-1.47M	-5.86M	-4.38M	-2.48M
Investing Cash Flow	3.43M	-693.76K	-10.62M	-83.22K	-71.77K	-181.98K
Financing Cash Flow	-2.80M	10.32M	9.20M	271.63K	12.55M	2.94M

XTM Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PAID, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 83.22 is Negative, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PAID.

XTM Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NERD	51 Neutral	C$4.47M	-11.36	―	―	13.01%	20.00%
DCSI	49 Neutral	C$5.84M	-1.10	―	―	33.92%	-402.25%
PBIT	45 Neutral	C$8.92M	-2.63	-540.25%	―	-33.97%	59.10%
PAID	42 Neutral	C$12.57M	-0.50	―	―	22.81%	11.13%
VIS	41 Neutral	C$5.17M	-4.35	-3428.85%	―	-15.33%	47.13%
FARM	40 Underperform	C$8.31M	-0.12	―	―	-18.97%	-55.19%

XTM Corporate Events

XTM Inc. Reports Revenue Growth and Strategic Shift in Q3 2025

XTM Inc. reported a 19% increase in year-to-date revenue and a 25% reduction in net operating loss for Q3 2025. The company has transitioned to a capital-light, profit-sharing model through a Management Services Agreement with Everyday People Financial Corp., which will manage XTM’s Canadian card and digital wallet programs. This strategic shift is expected to reduce costs and enhance operational efficiency. Additionally, XTM is focusing on expanding its U.S. market presence by pursuing contracts for Earned Wage Access and Early Tip Disbursement services, driven by favorable tax legislation.

The most recent analyst rating on (TSE:PAID) stock is a Sell with a C$0.02 price target. To see the full list of analyst forecasts on XTM stock, see the TSE:PAID Stock Forecast page.

XTM Inc. Reports Q3 2025 Financial Results and Strategic Transition

XTM Inc. has reported a 19% increase in year-to-date revenue and a 25% reduction in net operating loss for Q3 2025. The company has completed the sale of its processor assets, retaining essential EWA technology and client contracts, and is transitioning to a capital-light, profit-sharing business model through a Management Services Agreement with Everyday People Financial Corp. This strategic shift is expected to significantly reduce operating costs and enhance XTM’s focus on the U.S. market, where it is pursuing multiple contracts for its EWA and Early Tip Disbursement services.

The most recent analyst rating on (TSE:PAID) stock is a Sell with a C$0.02 price target. To see the full list of analyst forecasts on XTM stock, see the TSE:PAID Stock Forecast page.

XTM Inc. Partners with AGORACOM for U.S. Subsidiary Tokenization

XTM Inc. has signed a binding Letter of Intent with Dubai-based AGORACOM RWA DBX to facilitate the tokenization of Preferred Shares of its U.S. subsidiary, XTM USA. This initiative aims to unlock non-dilutive capital by leveraging digital asset markets and real-world asset tokenization infrastructure. The tokenization will focus on Preferred Shares in a private subsidiary, not affecting XTM’s common equity or public listing. This move is part of XTM’s strategy to explore innovative funding solutions that align with its long-term growth objectives, potentially opening new capital channels while maintaining operational control. The agreement marks XTM as one of the first publicly listed small-cap companies in North America to pursue such a strategy, signaling a shift in traditional financing models for the small-cap market.

Everyday People Financial and XTM Inc. Forge Strategic Partnership to Enhance Canadian Payments Operations

Everyday People Financial Corp. and XTM Inc. have entered into a strategic Management Services Agreement to integrate their Canadian payments operations. This collaboration allows EPF to manage XTM’s network branded card and digital wallet programs, leveraging EPF’s regulatory and operational framework. The partnership is expected to enhance compliance, scalability, and profitability for both companies, with XTM benefiting from cost efficiencies and a focus on cross-border expansion. The agreement is structured to be capital-light and profit-sharing, promising significant revenue growth and improved financial performance.