RPAY · Repay Holdings Corporation

Repay Holdings Corporation delivered Q1 2026 results with revenue of $80.8 million, reflecting 4% year-over-year growth driven by 4% increase in Consumer Payments to $75.1 million and robust 18% growth in Business Payments to $13.0 million. Gross profit rose 5% to $61.5 million, maintaining a 76% margin, supported by strategic initiatives like optimized network routing and distribution partnerships in Consumer Payments, though Business Payments saw temporary margin pressure from enhanced data programs. Adjusted EBITDA improved to $34.4 million from $33.2 million a year ago, underscoring operational leverage. CEO John Morris highlighted momentum from new enterprise clients adopting multi-channel payments, including Digital Wallet capabilities, and expansion of the AP supplier network by 70% to over 665,000. The company added three integrated software partners, reaching 297 relationships, bolstering its distribution model. Management raised its full-year 2026 Adjusted EBITDA outlook to $141-146 million, implying approximately 42% margins on reiterated revenue guidance of $340-346 million, with Free Cash Flow Conversion above 45%. This update reflects confidence in double-digit reported revenue growth and strategic execution, excluding any KUBRA acquisition impacts, which remains on track for Q2 closure. Balance sheet shows net leverage at 2.7x with $354 million net debt and strong liquidity. Free Cash Flow of $5.4 million marked a turnaround from negative prior year, aided by $16.8 million operating cash flow, positioning Repay for growth investments and debt management.