If I were to trade solely on Repay Holdings' (NASDAQ: RPAY ) stagnant share price this year, I would be blind to a nascent inflection that is quietly underway. The stock currently trades at justInvestor focused on mispriced opportunities in financial and technology sectors. I manage my own portfolio and specialize in uncovering asymmetric setups driven by market overreactions, business model shifts, or cyclical inflections. I write to clarify my thinking and share high-conviction ideas backed by deep resear ...

Repay Holdings (RPAY) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.35%. A quarter ago, it was expected that this company would post earnings of $0.24 per share when it actually produced earnings of $0.24, delivering no surprise.Over the last four quarters, the company has surpas ...

Repay (RPAY) Q1 2025 Earnings Call May 12, 2025 05:00 PM ET Company Participants Stewart Grisante - Head of Investor RelationsJohn Morris - CEO, Co-Founder & DirectorTim Murphy - Chief Financial OfficerSanjay Sakhrani - Managing DirectorJoseph Vafi - Managing Director, Equity ResearchShefali Tamaskar - Equity Research AssociateAlex Neumann - Research AssociatePeter Heckmann - MD - Equity ResearchTimothy Chiodo - Managing Director Conference Call Participants John Coffey - AnalystAndrew Schmidt - Equity Rese ...

Repay (RPAY) Q1 2025 Earnings Call May 12, 2025 05:00 PM ET Speaker0 Good afternoon. I would like to welcome everyone to REPAY's First Quarter twenty twenty five Earnings Conference Call. This call is being recorded today, 05/12/2025. I'd like to turn the session over to Stuart Grisanti, Head of Investor Relations at REPAY. Stuart, you may begin. Speaker1 Thank you. Good afternoon, and welcome to REPAY's first quarter twenty twenty five earnings conference call. With us today are John Morris, Co Founder and ...

On July 11, 2019, Thunder Bridge Acquisition Ltd. ("Thunder Bridge") and Hawk Parent Holdings LLC ("Hawk Parent") completed their previously announced business combination under which Thunder Bridge acquired Hawk Parent, upon which Thunder Bridge changed its name to Repay Holdings Corporation. Forward-Looking Statements This presentation (the "Presentation") contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not ...

Financial Performance - Total revenue for Q1 2025 was $77,325,000, a decrease of 4.3% compared to $80,720,000 in Q1 2024[10] - Net loss for Q1 2025 was $8,168,000, compared to a net loss of $5,365,000 in Q1 2024, representing a 52.5% increase in losses year-over-year[10] - Total revenue for the three months ended March 31, 2025, was $77.325 million, a decrease from $80.720 million in the same period of 2024, representing a decline of approximately 3.0%[32] - The net loss attributable to the Company for the three months ended March 31, 2025, was $7.947 million, compared to a net loss of $5.212 million in the same period of 2024[37] - The Company reported a net loss of $8.2 million for the three months ended March 31, 2025, compared to a net loss of $5.4 million for the same period in 2024[109] - Adjusted Net Income for the same period was $20.3 million, representing a 9.2% year-over-year decrease from $22.4 million in 2024[139] - Net loss attributable to the Company increased by 51.8% year-over-year, reaching $7.9 million in 2025 compared to $5.2 million in 2024[139] Revenue Breakdown - Revenue from direct relationships in the Consumer Payments segment was $69.254 million for Q1 2025, down from $73.311 million in Q1 2024, indicating a decrease of about 5.0%[32] - Consumer Payments segment represented approximately 86% of total revenue for the three months ended March 31, 2025, while Business Payments segment accounted for approximately 14%[90][91] - Consumer Payments segment revenue decreased by $4.2 million or 5.5% year-over-year, totaling $71.9 million for the three months ended March 31, 2025[122] - Business Payments segment revenue increased to $11.0 million for the three months ended March 31, 2025, compared to $9.7 million for the same period in 2024[93] Cash Flow and Liquidity - Cash and cash equivalents at the end of Q1 2025 were $165,466,000, down from $189,530,000 at the end of 2024, a decrease of 12.7%[8] - Net cash provided by operating activities was $2,503,000 for Q1 2025, a significant decrease from $24,801,000 in Q1 2024[16] - As of March 31, 2025, the Company had $165.5 million in cash and cash equivalents, with an available borrowing capacity of $250.0 million under the Second Amended Credit Agreement[143] - Net cash used in investing activities was $10.5 million in 2025, consistent with $11.1 million in 2024, primarily for software development[148] - Net cash used in financing activities was $19.5 million in 2025, compared to $3.0 million in 2024, due to payments under the TRA and tax withholding related to shares vesting[149] Expenses and Costs - Operating expenses for Q1 2025 totaled $80,945,000, a decrease of 2.7% from $83,224,000 in Q1 2024[10] - Costs of services were $18.7 million for the three months ended March 31, 2025, a decrease of $0.5 million or 2.6% from $19.2 million in the same period of 2024[111] - Depreciation and amortization expenses decreased by $1.7 million or 6.3%, totaling $25.3 million for the three months ended March 31, 2025, down from $27.0 million in 2024[113] - Selling, general and administrative expenses remained flat at $37.0 million for the three months ended March 31, 2025, compared to the same period in 2024, reflecting a 0.0% change[112] Assets and Liabilities - Total assets decreased to $1,535,392,000 as of March 31, 2025, down from $1,571,908,000 at the end of 2024, a decline of 2.3%[8] - Total liabilities decreased to $768,194,000 as of March 31, 2025, down from $798,739,000 at the end of 2024, a reduction of 3.8%[8] - Total equity decreased to $767,198,000 as of March 31, 2025, down from $773,169,000 at the end of 2024, a decline of 0.8%[8] - The Tax Receivable Agreement (TRA) balance at the end of the period was $190.4 million, reflecting a decrease from $203.6 million at the beginning of the period[52] - The Company had TRA payables for related parties of $25.5 million as of March 31, 2025, down from $27.5 million as of December 31, 2024[70] Interest and Borrowings - The Company incurred interest expense of $3,107,000 in Q1 2025, compared to $912,000 in Q1 2024, indicating a substantial increase in borrowing costs[10] - The Company incurred interest expense of $2.1 million on convertible senior notes for the three months ended March 31, 2025[64] - The estimated fair value of borrowings as of March 31, 2025, was $456.189 million, reflecting the amortized cost of the revolving credit facility and convertible senior notes[44] - As of March 31, 2025, total borrowings amounted to $507.5 million, with a carrying value of $497.6 million after accounting for debt issuance costs[65] Tax and Compliance - The effective tax rate for the Company was 5.2% for the three months ended March 31, 2025, compared to (6%) for the same period in 2024[79] - The Company recorded an income tax benefit of $0.5 million for Q1 2025, while an income tax expense of $0.3 million was recorded for Q1 2024[79] - The Company recognized adjustments of $0.5 million for deferred tax assets related to the income tax benefit for the three months ended March 31, 2025[80] Shareholder Activities - The company purchased a total of 465,103 shares of Class A common stock during the three months ended March 31, 2025, at an average price of $6.76 per share[170] - The company has a Share Repurchase Program approved for up to $50 million of its outstanding Class A common stock, with no expiration date[170] Risk Factors and Economic Conditions - The Company continues to monitor macroeconomic conditions, including inflation and potential recession impacts, which may affect payment volumes and overall financial performance[101] - The company believes the effects of inflation on its results of operations and financial condition have not been significant, but future impacts cannot be assured[161] - There have been no material changes in risk factors since the last annual report for the year ended December 31, 2024[169]

REPAY Reports First Quarter 2025 Financial Results Company Provides 2025 Outlook Including Accelerating Growth Announced Conclusion of Strategic Review Process Announced Increased Share Repurchase Program Authorization to $75 million ATLANTA, May 12, 2025 -- Repay Holdings Corporation (NASDAQ: RPAY) ("REPAY" or the "Company"), a leading provider of vertically-integrated payment solutions, today reported financial results for its first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights | ( ...

Financial Data and Key Metrics Changes - In Q4 2024, revenue was $78.3 million, a 3% year-over-year increase, while full-year revenue increased by 6% [35] - Q4 gross profit grew by 2% year-over-year, with consumer payments segment gross profit declining approximately 5% in Q4 but growing 3% for the full year [35] - Adjusted EBITDA for Q4 was $36.5 million, representing a 9% increase, with full-year adjusted EBITDA growth at 11% [37] - Free cash flow for Q4 was $23.5 million, reflecting a 64% conversion rate, while full-year free cash flow conversion improved to 75% [38] Business Line Data and Key Metrics Changes - The consumer payments segment experienced growth from existing clients and new client signings, with 16 new credit unions added in Q4, totaling 329 credit union clients [10] - The business payments segment gross profit grew 60% year-over-year in Q4, driven by strength in the core AP business and contributions from new clients [16] - Core AP business increased in the low teens in Q4 when excluding one-off client attrition and strategic migrations [22] Market Data and Key Metrics Changes - The consumer payments segment faced challenges due to client losses and macroeconomic factors affecting the auto and ARM sectors [14][49] - The business payments segment benefited from strong demand in verticals such as healthcare, hospitality, and political media, particularly during the 2024 presidential election cycle [19] Company Strategy and Development Direction - The company is undergoing a comprehensive strategic review to assess alternatives for enhancing shareholder value, including potential M&A opportunities and capital allocation strategies [30][31] - Focus on vertical-specific growth opportunities, particularly in accounts receivable management and credit card servicing [12] - Plans to reinvest in organic growth opportunities and strengthen market position through targeted sales and relationship management investments [32] Management's Comments on Operating Environment and Future Outlook - Management noted that client losses were primarily due to acquisitions and in-house transitions, with no significant changes in market dynamics expected [46][47] - The company remains confident in its sales pipeline and client retention strategies, aiming for improved growth in 2025 despite refraining from providing specific guidance [40][52] Other Important Information - The company has made eight acquisitions since going public in 2019, expanding its consumer payment segment and diversifying its business payment platform [27][28] - The company has approximately $190 million in cash and $250 million in undrawn revolver capacity, totaling $440 million in liquidity [39] Q&A Session Summary Question: What are the drivers of client attrition? - Management indicated that client losses were due to acquisitions and in-house transitions, with no significant trends suggesting increased attrition [46][47] Question: Can you elaborate on consumer softness mentioned in Q4? - Management noted ongoing challenges in the auto sector and ARM recovery, leading to continued depressed volumes [49] Question: What is the outlook for 2025? - Management refrained from providing specific guidance but indicated that growth rates could normalize to mid to high single digits, excluding client losses [52] Question: How is the competitive landscape evolving? - Management expressed confidence in their competitive position, highlighting investments in enterprise sales and product technology [65] Question: What are the expectations for the personal lending vertical? - Management noted positive momentum in personal lending, with indications of loosening underwriting standards [72] Question: What is the strategy behind the total pay volume migration? - Management explained that migrating clients to the total pay solution aims to enhance monetization opportunities despite some initial volume loss [75] Question: What are the M&A opportunities being considered? - Management is focused on consumer bill pay verticals and B2B AP opportunities, looking for tuck-in acquisitions to expand their network [105][106]

Repay Holdings Corporation (NASDAQ:RPAY) Q4 2024 Earnings Conference Call March 3, 2025 5:00 PM ET Company Participants Stewart Grisante - Head of Investor Relations John Morris - Co-Founder and Chief Executive Officer Tim Murphy - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Corporate & Investment Bank Sanjay Sakhrani - Keefe, Bruyette & Woods, Inc. Joseph Vafi - Canaccord Genuity Andrew Schmidt - Citigroup Inc. Peter Heckmann - D.A. Davidson & Co. Rufus Hone - BMO Capita ...

Q4 2024 Earnings Supplement March 2025 Disclaimer 1 Repay Holdings Corporation ("REPAY" or the "Company") is required to file annual, quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission ("SEC") Such filings, which you may obtain for free at the SEC's website at http://www.sec.gov, discuss some of the important risk factors that may affect REPAY's business, results of operations and financial condition. On July 11, 2019, Thunder Bridge Acquisition ...