Core Insights - Repay Holdings (RPAY) reported quarterly earnings of $0.24 per share, matching the Zacks Consensus Estimate, but down from $0.27 per share a year ago [1] - The company posted revenues of $78.27 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 4.68%, compared to $75.99 million in the same quarter last year [2] - Repay Holdings shares have declined approximately 5.5% year-to-date, while the S&P 500 has gained 1.2% [3] Earnings Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [1] - Repay Holdings has topped consensus revenue estimates three times in the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.24 on revenues of $85.51 million, and for the current fiscal year, it is $0.97 on revenues of $333.89 million [7] Market Outlook - The estimate revisions trend for Repay Holdings is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The outlook for the Financial Transaction Services industry, where Repay Holdings operates, is relatively strong, ranking in the top 34% of over 250 Zacks industries [8]

Revenue Segmentation - The Consumer Payments segment represented approximately 83% of total revenue for the year ended December 31, 2024[32]. - The Business Payments segment accounted for approximately 17% of total revenue for the year ended December 31, 2024[33]. - The top 10 clients contributed approximately 20% and 18% of total gross profit for the years ended December 31, 2024 and 2023, respectively[28]. Chargeback and Fraud Management - The chargeback rate was under 1% of total payment volume for the year ended December 31, 2024[51]. - The chargeback rate for the year ended December 31, 2024, was less than 1% of payment volume, indicating effective fraud management[138]. - The company is exposed to risks associated with fraudulent transactions, which could lead to increased chargeback liabilities[136]. Acquisitions and Market Expansion - The company has successfully acquired eleven businesses from January 1, 2016 through December 31, 2024[38]. - The company has completed eleven acquisitions from January 1, 2016, to December 31, 2024, focusing on integrated payments companies to expand its market presence and product offerings[62]. - The acquisition of Sigma Payment Solutions on January 1, 2016, marked the company's entry into the automotive finance space, enhancing its integration with automotive finance software platforms[63]. - The acquisition of PaidSuite on September 28, 2017, accelerated growth into the receivable management space through client and software integration partner relationships[64]. - The acquisition of TriSource Solutions on August 14, 2019, provided further control over the transaction processing ecosystem and improved product delivery capabilities[66]. - The company intends to expand into new verticals where it currently has limited operations or does not operate[35]. - The company is focused on expanding into new vertical markets and increasing market penetration through acquisitions and partnerships[154]. Operational Efficiency and Technology - The company plans to continue driving operational efficiencies to process larger payment volumes without significant increases in personnel and operating expenses[37]. - The company aims to strengthen and extend its solution portfolio through continued innovation and investment in technology capabilities[36]. - The electronic payments market is characterized by rapid technological evolution, and the company must continuously develop new products to remain competitive[116]. - The company’s future growth depends on its ability to adapt technology to meet the needs of new vertical markets, which may require additional resources[155]. - There is a risk that the company may not successfully implement new technologies or upgrades, which could impact operations and financial results[144]. Competition and Market Risks - The company is facing significant competition from various payment processing companies, including ACI Worldwide and traditional merchant acquirers like Bank of America Merchant Services[58]. - There is a notable digital shift in the industry, with a transition from cash and check to electronic payments, accelerated by changes in consumer behavior due to the COVID-19 pandemic[59]. - The company faces risks from industry consolidation within its vertical markets, which may limit market opportunities and demand[121]. - Sales efforts to large enterprises involve long and unpredictable cycles, requiring significant time and expense[123]. - Failure to adapt to changes in consumer behavior and emerging payment methods could lead to a loss of revenue[117]. Compliance and Regulatory Environment - The Dodd-Frank Act has imposed regulations on debit interchange transaction fees, affecting the company's cost structure and operational flexibility[75]. - The company is subject to various federal and state data privacy and information security laws, requiring continuous monitoring and compliance efforts[78]. - The company may act as a Business Associate under HIPAA regulations, necessitating compliance with privacy and security rules regarding Protected Health Information[80]. - The company faces potential regulatory enforcement proceedings and monetary liabilities if it fails to comply with laws prohibiting unfair or deceptive acts[183]. - The regulatory environment for interchange fees has intensified, potentially impacting transaction volumes and pricing[171]. - The company may incur significant compliance costs as it expands into new jurisdictions, such as Canada[176]. - The company is exposed to risks associated with the regulatory environment affecting its clients, particularly in consumer lending[177]. - The company must maintain effective internal controls to provide reliable financial reports and prevent fraud, with potential material weaknesses identified[188]. Employee Engagement and Culture - The company employed approximately 465 full-time employees as of December 31, 2024[95]. - 82% of employees reported that the company is a great place to work in the 2024 engagement survey[97]. - The company has been certified as a Great Place to Work® for the last eight consecutive years[97]. - The company offers a comprehensive benefits package, including 100% coverage of employee healthcare premiums[101]. - The Employee Stock Purchase Plan (ESPP) allows employees to become shareholders at a discounted price[101]. - The company emphasizes a culture of rewards and recognition, providing multiple opportunities for performance-based awards[99]. - The company has a dedicated human resources team focused on attracting, developing, and retaining top talent[98]. - The company provides tuition assistance and reimbursement for certain pre-approved continuing education programs[101]. Financial Position and Debt Management - The company increased its senior secured credit facilities to a $250.0 million revolving credit facility as of July 10, 2024[191]. - On January 19, 2021, the company issued $440.0 million in aggregate principal amount of 0.00% convertible senior notes due 2026[191]. - On July 8, 2024, the company repurchased $220.0 million of the 2026 Notes and issued $287.5 million in aggregate principal amount of 2.875% convertible senior notes due 2029[191]. - The company’s ability to service its debt obligations depends on future performance, which is subject to various external factors[191]. - The conditional conversion feature of the 2026 and 2029 Notes may adversely affect the company's liquidity if triggered[198][199]. - Payments under the Tax Receivable Agreement may exceed actual tax benefits realized, potentially impairing the company's financial condition[211]. - The company may incur additional indebtedness to finance payments under the Tax Receivable Agreement if cash resources are insufficient[211]. Stockholder Rights and Governance - The company has anti-takeover provisions that could limit stockholders' ability to take certain actions and may depress the trading price of its Class A common stock[220]. - Certain stockholders holding 15% or more of the outstanding capital stock are prohibited from engaging in business combination transactions for a specified period unless conditions are met[221]. - The board of directors has the ability to issue preferred stock without stockholder approval, which could significantly dilute the ownership of a hostile acquirer[221]. - Stockholder action by written consent is prohibited, requiring actions to be taken at annual or special meetings, potentially delaying proposals[221]. - Special meetings of stockholders can only be called by the board of directors, chairman, or CEO, which may delay stockholder proposals[221]. - The board of directors can amend bylaws to prevent unsolicited takeovers, inhibiting acquirers from facilitating takeover attempts[221]. - Exclusive forum provisions designate Delaware courts for disputes, potentially limiting stockholders' choice of judicial forum[222]. - These exclusive-forum provisions may discourage lawsuits against the company or its directors, potentially impacting operational results[223].

Financial Performance - Q4 2024 revenue increased by 3% year-over-year to $78.3 million, with full year revenue growth of 6% to $313.0 million[2]. - Gross profit for Q4 2024 grew by 2% year-over-year to $59.7 million, with full year gross profit increasing by 6% to $241.4 million[2]. - Adjusted EBITDA for Q4 2024 rose by 9% year-over-year to $36.5 million, reflecting strong operational performance[2]. - Revenue for Q4 2024 was $78,271,000, representing a 3.9% increase from $75,987,000 in Q4 2023[26]. - Total revenue for the year 2024 reached $313,042,000, up 5.5% from $296,627,000 in 2023[26]. - Adjusted EBITDA for the full year 2024 was $140,810,000, compared to $126,806,000 in 2023, marking an increase of 11%[35]. - The company reported a net loss of $10,345,000 for the full year 2024, an improvement from a net loss of $117,420,000 in 2023[35]. - Adjusted Net Income for the full year 2024 was $87,818,000, up from $84,942,000 in 2023, an increase of 2.1%[35]. Cash Flow and Expenses - Free Cash Flow for Q4 2024 was $23.5 million, an 8% increase year-over-year, with Free Cash Flow Conversion at 64%[2]. - Adjusted Free Cash Flow Conversion improved from 42% in 2023 to 75% in 2024, showcasing enhanced cash flow efficiency[5]. - Net cash provided by operating activities for 2024 was $150,090,000, compared to $103,614,000 in 2023, marking a 44.8% increase[30]. - Free cash flow for the three months ended December 31, 2024, was $23,459,000, compared to $21,787,000 in 2023, reflecting an increase of 7.7%[36]. - Free cash flow conversion rate for the year ended December 31, 2024, was 75%, up from 42% in 2023[36]. - Total capital expenditures for the year ended December 31, 2024, were $44,853,000, a decrease from $50,816,000 in 2023, indicating a reduction of 11.7%[36]. Operating Performance - Operating expenses for Q4 2024 were $79,441,000, a significant decrease from $154,401,000 in Q4 2023, primarily due to the absence of impairment losses[26]. - Total operating expenses for the full year 2024 were $320,812,000, down from $408,040,000 in 2023, a decrease of 21.4%[35]. - Total depreciation and amortization for the year ended December 31, 2024, was $103,710,000, consistent with $103,857,000 in 2023[38]. Segment Performance - Consumer Payments segment revenue decreased by 7% year-over-year in Q4 2024, while Business Payments segment revenue increased by 76% year-over-year[14]. - The Company experienced a 60% year-over-year growth in Business Payments gross profit, driven by strong contributions from the political media vertical[12]. - Instant funding volumes increased by approximately 34% year-over-year, indicating strong demand for payment solutions[12]. Strategic Initiatives - The Company is undergoing a strategic review process to explore various alternatives, including potential M&A opportunities[6]. - The Board has not set a deadline for the strategic review process, which aims to enhance shareholder value[6]. Balance Sheet Highlights - Cash and cash equivalents increased to $189,530,000 as of December 31, 2024, up from $118,096,000 in 2023[28]. - Total assets as of December 31, 2024, were $1,571,908,000, compared to $1,519,833,000 in 2023, reflecting a growth of 3.4%[28]. - Long-term debt increased to $496,778,000 in 2024 from $434,166,000 in 2023, indicating a rise of 14.4%[28]. - The Company issued $287,500,000 in long-term debt during 2024, which contributed to its cash flow[30]. Shareholder Information - The weighted-average shares of Class A common stock outstanding were 88,392,571 for Q4 2024, down from 91,206,870 in Q4 2023[26]. - Weighted average shares of Class A common stock outstanding for the year ended December 31, 2024, were 89,915,137, down from 90,048,638 in 2023[41].

Exhibit 99.3 Investor Presentation November 2024 1 Disclaimer On July 11, 2019 (the "Closing Date"), Thunder Bridge Acquisition Ltd. ("Thunder Bridge") and Hawk Parent Holdings LLC ("Hawk Parent") completed a business combination (the "Business Combination") under which Thunder Bridge acquired Hawk Parent, upon which Thunder Bridge changed its name to Repay Holdings Corporation ("REPAY" or the "Company"). The Company's filings with the Securities and Exchange Commission ("SEC"), which you may obtain for fre ...

Financial Data and Key Metrics Changes - In Q3 2024, REPAY reported revenue of $79.1 million, a 6% increase year-over-year [22] - Gross profit grew by 9% year-over-year, with adjusted EBITDA increasing by approximately 10% [6][22] - Free cash flow conversion was 139%, with reported free cash flow of $48.8 million [6][23] Business Line Data and Key Metrics Changes - Consumer Payments segment gross profit grew by 2% in Q3 and 6% year-to-date [23] - Business Payments segment gross profit increased by 67% in Q3 and 33% year-to-date, driven by strength in core AP business and political media vertical [14][23] Market Data and Key Metrics Changes - The company added 13 new credit unions in Q3, bringing the total to 313 [9] - The Instant Funding product saw transaction volume increase by approximately 24% year-over-year [12] Company Strategy and Development Direction - The company is focused on three main strategic initiatives: go-to-market efficiency, client implementations, and product focus [7] - The company aims to leverage its 276 integrated software partners to enhance product offerings and sales pipelines [19] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer spending trends are normalizing, impacting growth in certain verticals [33] - The outlook for 2024 includes expected revenue between $314 million and $320 million, with adjusted EBITDA growth anticipated to outpace revenue growth [28][30] Other Important Information - The company completed a convertible notes offering and extended its revolving credit facility, maintaining a strong balance sheet with $419 million in total liquidity [20][25] - The company is open to strategic M&A opportunities while focusing on organic growth [66] Q&A Session Summary Question: Organic growth in consumer payments and headwinds faced - Management noted that consumer spending normalization and a client loss impacted organic growth, with expectations for mid to high single-digit growth in Q4 [33][34] Question: Business Payments growth and corporate spending patterns - Management highlighted strong growth in Business Payments, particularly from political media contributions, while acknowledging some softness in corporate spending [35] Question: Progress on mortgage debit service offerings - Management confirmed that processing for mortgage debit acceptance began in Q3, with expectations for multi-year growth starting in 2025 [38][39] Question: Framework for FY 2025 growth - Management indicated that while it's early to provide specifics, they are confident in their revenue model and are planning for growth opportunities [47][49] Question: Organic gross profit growth deceleration - Management attributed the deceleration to client loss, consumer spending softness, and implementation delays, quantifying the impact on growth [59] Question: Instant Funding growth drivers - Management noted that Instant Funding is primarily used for personal loans and represents about 20% of revenue in consumer payments, with significant monetization opportunities [61][63] Question: Current M&A strategy and valuation - Management stated that they are seeing increased activity in the M&A market and are focused on attractive valuations for embedded software and payments [64][66]

Core Viewpoint - Repay Holdings reported quarterly earnings of $0.23 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.21 per share a year ago [1] - The company also posted revenues of $79.15 million for the quarter, exceeding the Zacks Consensus Estimate by 0.58% and up from $74.32 million year-over-year [2] Earnings Performance - The earnings surprise for the previous quarter was 10%, with actual earnings of $0.22 per share compared to an expected $0.20 [1] - Over the last four quarters, Repay Holdings has surpassed consensus EPS estimates three times [1] Revenue Performance - The company has topped consensus revenue estimates four times over the last four quarters [2] - Current consensus EPS estimate for the upcoming quarter is $0.24 on revenues of $82.76 million, and for the current fiscal year, it is $0.92 on revenues of $317.8 million [7] Stock Performance - Repay Holdings shares have increased by approximately 5.4% since the beginning of the year, while the S&P 500 has gained 25.8% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Industry Outlook - The Financial Transaction Services industry is currently ranked in the bottom 47% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that tracking these revisions can be beneficial for investors [5]

Financial Performance - Total revenue for the three months ended September 30, 2024, was $79,145,000, an increase of 6.3% compared to $74,320,000 for the same period in 2023[7]. - Net income attributable to the Company for the three months ended September 30, 2024, was $3,243,000, compared to a net loss of $6,168,000 for the same period in 2023[7]. - Operating expenses for the three months ended September 30, 2024, totaled $79,820,000, slightly up from $79,439,000 for the same period in 2023[7]. - The Company reported a basic income per share of $0.04 for the three months ended September 30, 2024, compared to a loss of $0.07 for the same period in 2023[6]. - The Company experienced a loss from operations of $675,000 for the three months ended September 30, 2024, compared to a loss of $5,119,000 for the same period in 2023[7]. - Net income for the three months ended September 30, 2024, was $3.2 million, compared to a net loss of $6.5 million for the same period in 2023[110]. - Adjusted Net Income for the three months ended September 30, 2024, was $21,245,000, compared to $19,896,000 in 2023, reflecting a 6.8% increase[148]. - Adjusted EBITDA for the three months ended September 30, 2024, was $35.1 million, a 10.2% year-over-year increase from $31.9 million in 2023[154]. Revenue Segmentation - Consumer Payments revenue for the nine months ended September 30, 2024, was $214,617, compared to $204,622 in 2023, indicating an increase of 4.9%[29]. - Business Payments revenue for the nine months ended September 30, 2024, was $35,566, up from $28,170 in 2023, showing a significant growth of 26.2%[30]. - The Consumer Payments segment generated approximately 81% of total revenue for the three months ended September 30, 2024, compared to 87% for the same period in 2023[89]. - The Business Payments segment contributed approximately 19% of total revenue for the three months ended September 30, 2024, up from 13% in the same period in 2023[91]. - Business Payments segment revenue surged by $5.6 million or 57.6% year-over-year to $15.3 million for the three months ended September 30, 2024[131]. Assets and Liabilities - Total current assets increased to $224,769,000 as of September 30, 2024, from $169,322,000 as of December 31, 2023, representing a growth of 32.7%[5]. - Total liabilities rose to $794,569,000 as of September 30, 2024, compared to $689,045,000 as of December 31, 2023, indicating an increase of 15.3%[5]. - Long-term debt increased to $496,214,000 as of September 30, 2024, from $434,166,000 as of December 31, 2023, reflecting a rise of 14.3%[5]. - Total equity decreased to $769,699,000 as of September 30, 2024, from $830,788,000 as of December 31, 2023, a decline of 7.3%[5]. - Total assets as of September 30, 2024, were $217,755,000, with cash and cash equivalents amounting to $168,715,000[38]. Cash Flow and Investments - Net cash provided by operating activities for the nine months ended September 30, 2024, was $115,838, compared to $68,751 for the same period in 2023, representing an increase of 68.4%[15]. - Cash, cash equivalents, and restricted cash at the end of the period increased to $215,255 from $141,390, marking a rise of 52.2%[15]. - Net cash used in investing activities was $34.1 million for the nine months ended September 30, 2024, primarily due to software development capitalization[165]. - The Company expects cash flow from operations and available borrowing capacity to be sufficient to fund operations and capital expenditures for the next twelve months[160]. Debt and Financing - The company issued long-term debt amounting to $287,500 during the nine months ended September 30, 2024[15]. - The Company repurchased $220.0 million of the 2026 Notes at a discount, resulting in a gain of $13.1 million for the three and nine months ended September 30, 2024[55]. - As of September 30, 2024, the Company had convertible senior notes outstanding of $496.2 million, net of deferred issuance costs[175]. - The company increased its senior secured credit facilities to a $250.0 million revolving credit facility on July 10, 2024[191]. Expenses - Selling, general and administrative expenses rose by $1.4 million or 4.0% to $36.7 million for the three months ended September 30, 2024, primarily due to increased legal and equity compensation expenses[112]. - Total operating expenses for the nine months ended September 30, 2024, were $241,371,000, down from $253,589,000 in 2023, a decrease of 4.8%[150]. - Stock-based compensation for the quarter was $5,686,000, showing an increase from $5,684,000 in the previous quarter[10]. Taxation - The effective tax rate for the three months ended September 30, 2024, was (18.2)%, compared to 24% for the same period in 2023, indicating a significant decrease[79]. - The Company recorded an income tax expense of $1.5 million for the three months ended September 30, 2024, and an income tax benefit of $0.1 million for the nine months ended September 30, 2024[79]. Strategic Initiatives - The company plans to continue its market expansion and product development initiatives in the upcoming quarters[12]. - The company is actively pursuing strategic acquisitions to enhance its market position and product offerings[12]. Shareholder Information - The Company repurchased 158,496 shares for approximately $1.3 million during the three months ended September 30, 2024, with $36.2 million remaining under the Share Repurchase Program[162]. - The number of Class A shares outstanding increased to 90,936,507 as of September 30, 2023, from 90,294,728 as of June 30, 2023[10].

Financial Performance - Q3 2024 revenue reached $79.1 million, a 6% year-over-year increase[2] - Gross profit for Q3 2024 was $61.6 million, reflecting a 9% growth compared to the previous year[2] - Adjusted EBITDA for Q3 2024 was $35.1 million, representing a 10% increase year-over-year[2] - Free Cash Flow for Q3 2024 surged to $48.8 million, a 250% increase compared to the same quarter last year[2] - Revenue for the three months ended September 30, 2024, was $79,145,000, representing an increase from $74,320,000 for the same period in 2023, a growth of 10.3%[20] - Net income for the three months ended September 30, 2024, was $3,215,000, compared to a net loss of $6,484,000 for the same period in 2023, indicating a significant turnaround[20] - Revenue for the nine months ended September 30, 2024, was $234,771 thousand, an increase of 6.1% compared to $220,640 thousand in 2023[27] - Adjusted EBITDA for the nine months ended September 30, 2024, was $104,340 thousand, up 12% from $93,317 thousand in 2023[27] - The company reported a net loss of $6,387 thousand for the nine months ended September 30, 2024, a substantial improvement from a net loss of $39,746 thousand in 2023[27] Cash Flow and Liquidity - Net cash provided by operating activities for the nine months ended September 30, 2024, was $115,838 thousand, compared to $68,751 thousand in 2023, representing a significant increase of 68.4%[24] - Net cash provided by operating activities for Q3 2024 was $60,058,000, compared to $27,967,000 in Q3 2023, representing a 114% increase[30] - Cash and cash equivalents increased to $168,715,000 as of September 30, 2024, up from $118,096,000 at the end of 2023, reflecting improved liquidity[22] - Cash, cash equivalents, and restricted cash at the end of the period increased to $215,255 thousand from $141,390 thousand in 2023, reflecting a growth of 52.2%[24] - Free cash flow for Q3 2024 was $48,818,000, significantly higher than $13,941,000 in Q3 2023, indicating a conversion rate of 139%[30] Operating Expenses and Profitability - Total operating expenses for the three months ended September 30, 2024, were $79,820,000, slightly higher than $79,439,000 for the same period in 2023[20] - Total operating expenses for the nine months ended September 30, 2024, were $241,371 thousand, a decrease of 4.8% from $253,589 thousand in 2023[27] - Loss from operations for the nine months ended September 30, 2024, was $(6,600,000), a significant improvement from $(32,949,000) in the same period of 2023[29] Client and Network Growth - The company added 13 new credit union clients, bringing the total to 313[5] - The AP supplier network expanded to over 330,000, marking a 42% year-over-year increase[4] - Business Payments gross profit grew by approximately 67% year-over-year, while Consumer Payments gross profit increased by about 2%[4] Debt and Liabilities - Long-term debt increased to $496,214,000 as of September 30, 2024, from $434,166,000 at the end of 2023, indicating a rise in leverage[22] - Total liabilities increased to $794,569,000 as of September 30, 2024, from $689,045,000 at the end of 2023, reflecting higher obligations[22] - The company recorded a gain on extinguishment of debt amounting to $13,136,000 for the three months ended September 30, 2024[20] Strategic Outlook - REPAY updated its 2024 revenue outlook to between $314 million and $320 million[10] - The company aims for a Free Cash Flow Conversion target of approximately 65% for 2024[9] - REPAY's strategy includes organic investments, strategic M&A, and opportunistic share repurchases to drive sustainable growth[3] Share Performance - Weighted-average shares of Class A common stock outstanding - basic were 88,263,285 for the three months ended September 30, 2024, down from 91,160,415 for the same period in 2023[20] - The number of Class A common stock shares outstanding as of September 30, 2024, was 96,259,523, slightly down from 96,778,735 in the same period of 2023[29] - The weighted average shares of Class A common stock outstanding (basic) decreased from 91,160,415 in 2023 to 88,263,285 in 2024[38] - The weighted average shares of Class A common stock outstanding (on an as-converted basis) decreased from 97,052,574 in 2023 to 94,074,811 in 2024[38] Amortization and Intangibles - Amortization of intangibles related to past acquisitions will continue to recur in future periods until fully amortized[36] - Future acquisitions may result in the amortization of additional intangibles[36] - The company emphasizes the importance of understanding the impact of intangibles on revenue generation[36]

Financial Data and Key Metrics Changes - In Q2 2024, the company reported revenue of $74.9 million, a 4% increase year-over-year [14] - Gross profit grew by 7% year-over-year, with adjusted EBITDA increasing by approximately 10% [4][14] - Free cash flow conversion was 57%, representing over 90% growth year-over-year [4][14] Business Line Data and Key Metrics Changes - Consumer Payments segment gross profit grew by 7% in Q2 and 8% in the first half of the year [14] - Business Payments segment gross profit increased by 11% in Q2 and 14% in the first half [14] - The Instant Funding product saw transaction volume rise by approximately 21% year-over-year [9] Market Data and Key Metrics Changes - The company added nine new credit unions in Q2, bringing the total to 300 out of approximately 5,000 in the U.S. [6] - The accounts receivable management vertical is expected to experience multiple years of growth [8] Company Strategy and Development Direction - The company is focused on three main strategic initiatives: go-to-market efficiency, client implementations, and product focus [5] - The company aims to capture new payment flows with expertise across Consumer and Business Payments segments [4] - Capital allocation priorities include investing in organic growth opportunities and being open to strategic M&A [13] Management's Comments on Operating Environment and Future Outlook - Management noted a healthy but moderating consumer environment, with no noticeable differences across sub-verticals [22][24] - The company expects revenue for 2024 to be between $214 million and $220 million, with adjusted EBITDA between $139 million and $142 million [17] - Free cash flow conversion is anticipated to accelerate throughout the year, with a target of approximately 60% for the full year [18] Other Important Information - The company completed a convertible notes offering to address half of its 2026 debt maturities and expanded its revolving credit facility [13][16] - Total pro forma outstanding debt is $507.5 million, with net leverage of approximately 2.7x [16] Q&A Session Summary Question: What is the normalized level for free cash flow conversion? - Management expects sustained mid- to high teens growth in free cash flow conversion, targeting 60% for the year [21] Question: What is the overall health of the consumer today? - The consumer environment is healthy but moderating, with consistent trends observed [22][24] Question: What macro trends are assumed within the guidance? - No major changes to macro assumptions; trends remain consistent with prior periods [27] Question: Any updates on M&A pipeline? - The company has a healthy M&A pipeline and is looking at opportunities across both Consumer and Business Payments [29][30] Question: What is the growth rate in Business Payments excluding media spend? - Business Payments reported 11% growth in Q2, with expectations for high teens growth [34] Question: What is the outlook for Instant Funding growth? - The deceleration in growth is attributed to lapping a large client from the previous year, with expectations for consistent trends moving forward [42] Question: How much incremental revenue is expected from the presidential election? - The company expects about 20% growth off the 2022 cycle, with most contributions coming in the back half of the year [40] Question: What is the outlook for organic gross profit growth? - The company anticipates mid- to high single-digit organic growth trajectory, with opportunities for acceleration in the future [46]

Exhibit 99.2 REPAY Realtime Electronic Payments Q2 2024 Earnings Supplement August 2024 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 condit ...