ATLANTA--(BUSINESS WIRE)--Sep. 3, 2026-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of bill payment solutions, announced the appointment of Charles “Chuck” Nabhan as Head of Investor Relations, effective September 1, 2026. In this role, Nabhan will lead REPAY’s Investor Relations strategy, deepening engagement with the investment community and sharpening communication around the company’s growth strategy and financial performance. Nabhan will report to Rob Houser, CFO.
“Chuck’s deep knowledge of fintech and payments end markets, combined with his credibility across the buy-side and sell-side, will strengthen how REPAY tells its story as we scale into a broader, more diversified platform,” said John Morris, CEO, REPAY. “We’re thrilled to welcome him to the team.”
Nabhan joins REPAY following two decades in equity research, bringing extensive experience in public company analysis and corporate communications. Most recently, he served as Managing Director at Stephens, Inc, where he led coverage of the payments and financial technology sectors, cultivating relationships with institutional buy-side investors and directing corporate access programs. Prior to Stephens, Nabhan spent eight years at Wells Fargo as Vice President, where he was named to the company’s Emerging Leadership Council.
Nabhan holds an MBA and a Master of Science in Accounting from Northeastern University and a Bachelor of Science in Finance from Boston College.
About REPAY
REPAY provides integrated bill payment solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology provides a comprehensive end-to-end platform offering digital payments, bill design & presentment, and communication services for clients, while enhancing the overall experience for consumers and businesses.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260903218172/en/
Investor Relations Contact for REPAY:
Charles Nabhan
cnabhan@repay.com
Media Relations Contact for REPAY:
Kristen Hoyman
khoyman@repay.com
Source: Repay Holdings Corporation
New integration combines modern payment solutions and invoice automation within NxtEdge’s inventory management platform
ATLANTA--(BUSINESS WIRE)--Aug. 26, 2026-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced a new technology partnership with NxtEdge, a provider of inventory and cost management software and AP automation solutions for the food and beverage industries. Through the integration, REPAY’s Payables Platform (RPP) will be embedded within the NxtEdge platform, enabling end-to-end accounts payable (AP) automation for customers.
NxtEdge’s platform already delivers robust invoice automation capabilities, and with REPAY’s payment technology embedded directly into the workflow, customers can now seamlessly move from invoice capture to payment execution - all within a single system. The combined solution streamlines back-office operations for country clubs, independent restaurants, hotels and resorts, and multi-unit restaurant groups.
By leveraging REPAY’s Payables Platform, NxtEdge users will be able to automate vendor payments through virtual card, ACH, and other digital payment networks, reducing manual processes, improving visibility, and increasing efficiency across the invoice-to-payment lifecycle. REPAY’s integrated technology is designed to eliminate friction in B2B payment workflows while enhancing control, security, and scalability for growing businesses.
“Food service and hospitality operators are under increasing pressure to do more with less, and that starts with simplifying back-office processes,” said Darin Horrocks, Executive Vice President, Business Payments at REPAY. “We’re excited to partner with NxtEdge to embed our payables technology directly into their platform, enabling customers to seamlessly automate the entire invoice-to-payment workflow. This partnership reflects our continued focus on delivering value through deep software integrations that reduce complexity and drive operational efficiency.”
The partnership enhances NxtEdge’s ability to deliver a fully unified procure-to-pay experience, helping customers eliminate paper-based processes, reduce payment delays, and strengthen vendor relationships through faster, more reliable payments.
“At NxtEdge, our mission is to simplify the complex workflows hospitality operators manage every day,” said Naomi Canning, President of NxtEdge. “By integrating REPAY’s Payables Platform directly into NxtEdge, we’re connecting invoice processing, approvals and vendor payments with the same platform our customers use to manage purchasing, inventory and costs. This gives operators one connected workflow from purchasing and inventory through invoice processing and payment.”
This partnership further expands REPAY’s growing ecosystem of integrated software partners, continuing its strategy of embedding payment capabilities directly into industry-specific platforms to deliver seamless, value-added experiences for businesses.
About REPAY
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.
About NxtEdge
NxtEdge provides inventory and cost management software with integrated AP automation built specifically for hospitality and food & beverage operations. The platform connects purchasing, vendor price comparison, invoice automation, AP approvals, payments, accounting integrations, inventory management and food cost control in one streamlined workflow. Serving country clubs, hotels and resorts, restaurants, and multi-unit hospitality operations, NxtEdge helps operators control costs, reduce manual processes and gain greater visibility across their entire operation.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260826327940/en/
Investor Relations Contact for REPAY: IR@repay.com
Media Relations Contact for REPAY:
Kristen Hoyman
khoyman@repay.com
Source: Repay Holdings Corporation
Agreement positions REPAY as a clearing and settlement backend, enabling direct access to enterprise-grade infrastructure and real-time money movement capabilities
ATLANTA--(BUSINESS WIRE)--Aug. 19, 2026-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of bill payment solutions, today announced a collaboration with Visa, a global leader in digital payments, establishing a reseller agreement for the next-generation open payments platform, Visa Platform Connect (VPC). REPAY joins a select group of leading US-based processors bringing VPC to the independent sales channel.
REPAY will serve as the clearing and settlement backend, enabling independent sales organization (ISO) and independent software vendor (ISV) clients to access enterprise-grade infrastructure and build complete end-to-end processing solutions directly to VisaNet and Visa’s ecosystem of payment solutions. ISOs that have already invested in developing their own authorization frameworks can integrate with VPC and leverage REPAY’s clearing and settlement infrastructure to complete processing on a consolidated, modern platform.
Eliminating dependence on legacy processors removes innovation limitations. Traditionally, ISOs and ISVs seeking full processing capabilities were required to route transactions through legacy third-party processors, which often resulted in additional costs and increased complexity. With access to VPC, REPAY’s ISO and ISV clients can take advantage of:
- A single, secure, modern API connection, supporting the full suite of card-present and card-not-present solutions including fraud management, tokenization and dispute resolution.
- Accelerated time to market, enabling connection in less than six weeks.
- Compliance offload, including management of EMV and Payment Card Industry Data Security Standard (PCI DSS) / PIN Transaction Security.
- Visa’s real-time money movement capabilities, including push-to-card disbursements enabling delivery of funds to recipients in minutes.
“Technology-forward ISOs and ISVs have built sophisticated authorization capabilities and are looking for modern infrastructure to support full payment processing,” said Melissa Kirk, Senior Vice President, Clearing and Settlement, REPAY. “REPAY can now provide our clients with direct access to Visa’s platform and the clearing and settlement backbone to support a complete, end-to-end processing solution.”
About REPAY
REPAY provides integrated bill payment solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology provides a comprehensive end-to-end platform offering digital payments, bill design & presentment, and communication services for clients, while enhancing the overall experience for consumers and businesses.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260819065063/en/
Investor Relations Contact for REPAY: IR@repay.com
Media Relations Contact for REPAY:
Kristen Hoyman
khoyman@repay.com
Source: Repay Holdings Corporation
Sustained Organic Growth and Healthy Free Cash Flow during Q2
Reiterates 2026 Outlook that includes KUBRA contributions
Strong Execution towards Run-Rate Synergies
ATLANTA--(BUSINESS WIRE)--Aug. 10, 2026-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of bill payment solutions, today reported financial results for its second quarter ended June 30, 2026.
Second Quarter 2026 Financial Highlights
| ($ in millions) | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
| Revenue | $75.6 | $77.7 | $78.6 | $80.8 | $100.7 |
| Net (loss) income (1) | (108.0) | (6.6) | (148.3) | (10.0) | (11.5) |
| Adjusted EBITDA (2) | 31.8 | 31.2 | 32.4 | 34.4 | 36.3 |
| Net cash provided by operating activities | 33.1 | 32.2 | 23.3 | 16.8 | 40.2 |
| Free Cash Flow (2) | 22.6 | 20.8 | 13.8 | 5.4 | 27.4 |
| Free Cash Flow Conversion (2) | 71% | 67% | 43% | 16% | 75% |
| (1) | During the second and fourth quarter of 2025, Net loss was impacted by a $103.8 million and a $138.9 million goodwill impairment loss, respectively, primarily related to the Consumer Payments segment. Further information about this non-cash impairment loss can be found in the Annual Report on Form 10-K for the year ended December 31, 2025. | ||||
| (2) | Adjusted EBITDA, Free Cash Flow and Free Cash Flow Conversion are non-GAAP financial measures. See “Non-GAAP Financial Measures” and the reconciliation of Adjusted EBITDA, Free Cash Flow and Free Cash Flow Conversion to their most comparable GAAP measure provided below for additional information. | ||||
"It has been an exciting time for REPAY during the second quarter," John Morris, Chief Executive Officer of REPAY. "We delivered revenue growth of 33%, achieved approximately 6% organic revenue growth1, while generating $27.4 million of Free Cash Flow. Our most significant corporate development this year was completing the KUBRA acquisition in June and we immediately began executing on the integration. REPAY is now fully positioned to be a leading Consumer Bill Payment and Communication Services platform in the United States and Canada. We look forward to our continued execution during the second half of the year, where we are confident in our ability to accelerate organic growth into double-digits while also creating value from KUBRA contributions and realized synergies."
Second Quarter 2026 Business Highlights
The Company's achievements in the quarter, including those highlighted below, reinforce management's belief in the ability of the Company to drive durable and long-term growth across REPAY's diversified business model.
- Reported revenue growth of 33% and organic revenue growth1 of 6% year-over-year
- Consumer Payments revenue growth and organic revenue growth1 was 33% and 4% year-over-year
- Business Payments revenue growth and normalized organic revenue growth1 was 32% and 19% year-over-year
- KUBRA contributed approximately $21 million of revenue during the quarter (for June 2026), representing 5% year-over-year growth compared to June 2025
- Now reaches over 352 software partners across our Consumer and Business Payment verticals, which includes 54 partners from the KUBRA acquisition
- Accelerated AP supplier network to over 731,000, an increase of approximately 66% year-over-year
| 1 Organic revenue growth and normalized organic revenue growth are non-GAAP financial measures. See “Non-GAAP Financial Measures” and the reconciliations to their most comparable GAAP measure provided below for additional information. |
2026 Outlook
“With a solid strong first half behind us, we are confident in achieving the 2026 Outlook,” said Robert Houser, Chief Financial Officer of REPAY. "The progress is evident as we move into the second half of 2026. As we work through implementations and continue our sales momentum, REPAY has the teams in place for organic growth to accelerate into double-digits and offers a complete platform for additional value creation opportunities with KUBRA. The combined free cash flow generation and expected synergy realization gives us confidence in obtaining our net leverage target of returning below 3x over the next 18 months."
As we previously provided in the press release announcing the closing of the KUBRA acquisition on June 1st, REPAY updated its outlook for full year 2026 to incorporate KUBRA’s expected contributions for the remaining seven months of the year. KUBRA is expected to contribute between $150 million and $154 million in revenue and between $27.5 million and $30 million in Adjusted EBITDA during 2026. On an organic basis, REPAY expects approximately 10% to 12% revenue growth. REPAY is reiterating the 2026 outlook presented at that time and continues to expect the following financial results for full year 2026:
| Full Year 2026 Outlook | |
| Revenue | $490 - 500 million |
| Adjusted EBITDA | $168.5 - 176 million |
| Free Cash Flow Conversion | 30% |
| Adjusted Free Cash Flow Conversion | 35% |
REPAY does not provide quantitative reconciliation of forward-looking, non-GAAP financial measures, such as Adjusted EBITDA, Free Cash Flow Conversion and Adjusted Free Cash Flow Conversion, to the most directly comparable GAAP financial measure, because it is difficult to reliably predict or estimate the relevant components without unreasonable effort due to future uncertainties that may potentially have a significant impact on such calculations, and providing them may imply a degree of precision that would be confusing or potentially misleading.
Segments
The Company reports its financial results based on two reportable segments.
Consumer Payments – The Consumer Payments segment provides an end-to-end bill payment platform, including bill design & presentment, communication services, and payment processing solutions (including debit and credit card processing, ACH processing and other electronic payment acceptance solutions, as well as our loan disbursement product) that enable the Company’s clients to notify, distribute billing statements, collect payments, and disburse funds to consumers and includes the Company’s clearing and settlement solutions (“RCS”) offering. RCS is the Company’s proprietary clearing and settlement platform through which the Company markets customizable payment processing programs to other Independent Sales Organizations (“ISOs”) and payment facilitators. In addition, the Company provides professional services to clients for customization and configuration of the product suite offering. The strategic vertical markets served by the Consumer Payments segment primarily include utilities, personal loans, automotive loans, government, receivables management, financial institutions, credit unions, mortgage servicing, consumer healthcare, insurance, and diversified retail.
Business Payments – The Business Payments segment provides payment processing solutions (including accounts payable automation, debit and credit card processing, virtual credit card processing, ACH processing and other electronic payment acceptance solutions) that enable REPAY’s clients to collect payments from or send payments to other businesses. The strategic vertical markets served within the Business Payments segment primarily include retail automotive, education, field services, governments and municipalities, healthcare, media, homeowner association management and hospitality.
| Segment Revenue, Gross Profit, and Gross Profit Margin | ||||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||||
| ($ in thousands) | 2026 | 2025 | % Change | 2026 | 2025 | % Change |
| Revenue | ||||||
| Consumer Payments | $93,730 | $70,474 | 33% | $168,798 | $142,417 | 19% |
| Business Payments | 14,478 | 10,945 | 32% | 27,469 | 21,933 | 25% |
| Elimination of intersegment revenues (1) | (7,503) | (5,793) | (14,768) | (11,399) | ||
| Total revenue | $100,705 | $75,626 | 33% | $181,499 | $152,951 | 19% |
| Gross profit (2) | ||||||
| Consumer Payments | $68,015 | $55,429 | 23% | $128,297 | $112,139 | 14% |
| Business Payments | 10,114 | 7,586 | 33% | 18,584 | 15,143 | 23% |
| Elimination of intersegment revenues (1) | (7,503) | (5,793) | (14,768) | (11,399) | ||
| Total gross profit | $70,626 | $57,222 | 23% | $132,113 | $115,883 | 14% |
| Total gross profit margin (3) | 70% | 76% | 73% | 76% | ||
| (1) | Elimination of intersegment revenues represents revenue eliminations between business units within the Consumer Payments segment and Business Payments segment, as well as eliminations of intersegment revenues for consolidation purpose. |
| (2) | Gross profit represents revenue less costs of services (exclusive of depreciation and amortization). |
| (3) | Gross profit margin represents total gross profit / total revenue. |
Conference Call
REPAY will host a conference call to discuss second quarter financial results today, August 10, 2026 at 5:00 pm ET. Hosting the call will be John Morris, CEO, and Robert Houser, CFO. The call will be webcast live from REPAY’s investor relations website at https://investors.repay.com/investor-relations. The conference call can also be accessed live over the phone by dialing (877) 407-3982, or for international callers (201) 493-6780. A replay will be available one hour after the call and can be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the conference ID is 13761472. The replay will be available at https://investors.repay.com/investor-relations-.
Non-GAAP Financial Measures
This report includes certain non-GAAP financial measures that management uses to evaluate the Company’s operating business, measure performance, and make strategic decisions. Adjusted EBITDA is a non-GAAP financial measure that represents net income prior to interest expense, tax expense, depreciation and amortization, as adjusted to add back certain charges deemed to not be part of normal operating expenses, non-cash charges and/or non-recurring charges, such as gain on extinguishment of debt, non-cash impairment loss, non-cash change in fair value of assets and liabilities, share-based compensation charges, transaction expenses, restructuring and other strategic initiative costs, loss on business disposition and other non-recurring charges. Adjusted EBITDA margin is a non-GAAP financial measure that represents Adjusted EBITDA divided by GAAP revenue. Adjusted Net Income is a non-GAAP financial measure that represents net income prior to amortization of acquisition-related intangibles, as adjusted to add back certain charges deemed to not be part of normal operating expenses, such as non-cash impairment loss, non-cash change in fair value of assets and liabilities, share-based compensation expense, transaction expenses, restructuring and other strategic initiative costs, other non-recurring charges, non-cash interest expense and net of tax effect associated with these adjustments. Adjusted Net Income is adjusted to exclude amortization of all acquisition-related intangibles as such amounts are inconsistent in amount and frequency and are significantly impacted by the timing and/or size of acquisitions. Management believes that the adjustment of acquisition-related intangible amortization supplements GAAP financial measures because it allows for greater comparability of operating performance. Although REPAY excludes amortization from acquisition-related intangibles from its non-GAAP expenses, management believes that it is important for investors to understand that such intangibles were recorded as part of purchase accounting and contribute to revenue generation. Adjusted Net Income per share is a non-GAAP financial measure that represents Adjusted Net Income divided by the weighted average number of shares of Class A common stock outstanding (on an as-converted basis assuming conversion of the outstanding units exchangeable for shares of Class A common stock) for the three and six months ended June 30, 2026 and 2025 (excluding shares subject to forfeiture). Free Cash Flow is a non-GAAP financial measure that represents net cash flow provided by operating activities less total capital expenditures. Free Cash Flow Conversion represents Free Cash Flow divided by Adjusted EBITDA. Adjusted Free Cash Flow represents Free Cash Flow plus technology, merger and integration costs. Adjusted Free Cash Flow Conversion represents Adjusted Free Cash Flow divided by Adjusted EBITDA. Organic revenue growth represents year-over-year revenue growth that excludes incremental revenue attributable to acquisitions and dispositions made in the applicable prior period or any subsequent period. Normalized organic revenue growth represents year-over-year organic revenue growth that excludes incremental gross profit attributable to political media spending associated with the 2026 election cycle in our media payments business. REPAY believes that Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, Adjusted Net Income per share, Free Cash Flow, Free Cash Flow Conversion, Adjusted Free Cash Flow, Adjusted Free Cash Flow Conversion, organic revenue growth and normalized organic revenue growth provide useful information to investors and others in understanding and evaluating its operating results in the same manner as management. However, these non-GAAP financial measures are not financial measures calculated in accordance with GAAP and should not be considered as a substitute for net income, operating profit, net cash provided by operating activities, or any other operating performance measure calculated in accordance with GAAP. Using these non-GAAP financial measures to analyze REPAY’s business has material limitations because the calculations are based on the subjective determination of management regarding the nature and classification of events and circumstances that investors may find significant. In addition, although other companies in REPAY’s industry may report measures titled as the same or similar measures, such non-GAAP financial measures may be calculated differently from how REPAY calculates its non-GAAP financial measures, which reduces their overall usefulness as comparative measures. Because of these limitations, you should consider REPAY’s non-GAAP financial measures alongside other financial performance measures, including net income, net cash provided by operating activities and REPAY’s other financial results presented in accordance with GAAP.
Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, including 2026 outlook, REPAY’s plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “guidance,” “will likely result,” “are expected to,” “will continue,” “should,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. These forward-looking statements include, but are not limited to, REPAY’s market and growth opportunities, REPAY’s business strategy and the plans and objectives of management for future operations and the allocation of capital. Such forward-looking statements are based upon the current beliefs and expectations of REPAY’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond REPAY’s control.
In addition to factors disclosed in REPAY’s reports filed with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2025 and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: the inability to integrate and/or realize the benefits of the KUBRA transaction, including expected synergies; ; that the KUBRA acquisition could disrupt the Company’s relationships with customers, employees or other business partners; the impact, cost and effect of actions by activist stockholders; the risk that our stockholder rights plan may delay, discourage or prevent a change of control or acquisition of the Company, even if such action may be considered beneficial by some stockholders; exposure to economic conditions and political risk affecting the consumer loan market, the receivables management industry, the utilities industry and consumer and commercial spending, including bank failures or other adverse events affecting financial institutions, inflationary pressures, evolving U.S. trade policies or general economic slowdown; changes in the payment processing market in which REPAY competes, including with respect to its competitive landscape, technology evolution or regulatory changes; changes in the vertical markets that REPAY targets, including the regulatory environment applicable to REPAY’s clients; the ability to retain, develop and hire key personnel; risks relating to REPAY’s relationships within the payment ecosystem; risk that REPAY may not be able to execute its growth strategies, including identifying and executing acquisitions; risks relating to data security; changes in accounting policies applicable to REPAY and the risk that REPAY may not be able to maintain effective internal controls.
Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance. All information set forth herein speaks only as of the date hereof in the case of information about REPAY or the date of such information in the case of information from persons other than REPAY, and REPAY disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding REPAY’s industry and end markets are based on sources it believes to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.
About REPAY
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology provides a comprehensive end-to-end platform offering digital payments, bill design & presentment, and communication services for clients, while enhancing the overall experience for consumers and businesses.
| Condensed Consolidated Statements of Operations (Unaudited) | ||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||
| ($ in thousands, except per share data) | 2026 | 2025 | 2026 | 2025 |
| Revenue | $100,705 | $75,626 | $181,499 | $152,951 |
| Operating expenses | ||||
| Costs of services (exclusive of depreciation and amortization shown separately below) | 30,079 | 18,404 | 49,386 | 37,068 |
| Selling, general and administrative | 46,247 | 32,864 | 82,201 | 69,851 |
| Depreciation and amortization | 27,636 | 25,481 | 53,176 | 50,775 |
| Impairment loss | — | 103,781 | — | 103,781 |
| Total operating expenses | 103,962 | 180,530 | 184,763 | 261,475 |
| Loss from operations | (3,257) | (104,904) | (3,264) | (108,524) |
| Other income (expense) | ||||
| Interest income | 289 | 1,197 | 704 | 2,553 |
| Interest expense | (7,983) | (3,087) | (11,827) | (6,194) |
| Loss on extinguishment of debt | (974) | — | (974) | — |
| Change in fair value of tax receivable liability | (2,547) | (2,509) | (7,110) | (5,531) |
| Other income (loss), net | 278 | (26) | 276 | (253) |
| Total other income (expense) | (10,937) | (4,425) | (18,931) | (9,425) |
| Loss before income tax benefit | (14,194) | (109,329) | (22,195) | (117,949) |
| Income tax benefit | 2,665 | 1,297 | 632 | 1,749 |
| Net loss | $(11,529) | $(108,032) | $(21,563) | $(116,200) |
| Less: Net loss attributable to non-controlling interest | (543) | (5,781) | (637) | (6,002) |
| Net loss attributable to the Company | $(10,986) | $(102,251) | $(20,926) | $(110,198) |
| Weighted-average shares of Class A common stock outstanding - basic and diluted | 83,285,379 | 88,647,823 | 82,903,732 | 88,825,785 |
| Loss per Class A share attributable to the Company - basic and diluted | $(0.13) | $(1.15) | $(0.25) | $(1.24) |
| Condensed Consolidated Balance Sheets | ||
| ($ in thousands) | June 30, 2026 (Unaudited) | December 31, 2025 |
| Assets | ||
| Cash and cash equivalents | $83,660 | $115,692 |
| Current restricted cash | 35,672 | 29,327 |
| Accounts receivable, net | 63,906 | 33,172 |
| Inventories | 2,309 | — |
| Prepaid expenses and other | 27,429 | 18,641 |
| Total current assets | 212,976 | 196,832 |
| Property and equipment, net | 3,762 | 1,243 |
| Noncurrent restricted cash | 8,120 | 10,633 |
| Intangible assets, net | 560,241 | 329,844 |
| Goodwill | 652,085 | 474,512 |
| Operating lease right-of-use assets, net | 17,011 | 8,866 |
| Finance lease right-of-use assets, net | 1,468 | — |
| Deferred tax assets | 147,051 | 173,028 |
| Other assets | 5,156 | 4,791 |
| Total noncurrent assets | 1,394,894 | 1,002,917 |
| Total assets | $1,607,870 | $1,199,749 |
| Liabilities | ||
| Accounts payable | $44,095 | $25,177 |
| Accrued expenses | 80,935 | 52,959 |
| Current maturities of long-term debt, net | 5,000 | 146,477 |
| Current operating lease liabilities | 5,116 | 1,548 |
| Current finance lease liabilities | 446 | — |
| Current tax receivable agreement ($0 and $1,555 held for related parties as of June 30, 2026 and December 31, 2025, respectively) | — | 13,702 |
| Other current liabilities | 11,308 | 785 |
| Total current liabilities | 146,900 | 240,648 |
| Long-term debt, net | 748,141 | 280,065 |
| Noncurrent operating lease liabilities | 13,108 | 8,790 |
| Noncurrent finance lease liabilities | 1,034 | - |
| Deferred tax liabilities | 33,928 | - |
| Tax receivable agreement, net of current portion ($8,129 and $20,748 held for related parties as of June 30, 2026 and December 31, 2025, respectively) | 194,349 | 187,239 |
| Other liabilities | 1,147 | 1,225 |
| Total noncurrent liabilities | 991,707 | 477,319 |
| Total liabilities | $1,138,607 | $717,967 |
| Commitments and contingencies | ||
| Stockholders' equity | ||
| Class A common stock, $0.0001 par value; 2,000,000,000 shares authorized; 96,268,848 issued and 82,892,959 outstanding as of June 30, 2026; 95,138,635 issued and 81,762,746 outstanding as of December 31, 2025 | 8 | 8 |
| Class V common stock, $0.0001 par value; 1,000 shares authorized and 100 shares issued and outstanding as of June 30, 2026 and December 31, 2025 | — | — |
| Treasury stock, 13,375,889 shares repurchased as of both June 30, 2026 and December 31, 2025 | (92,025) | (92,025) |
| Additional paid-in capital | 1,176,036 | 1,166,998 |
| Accumulated deficit | (611,476) | (590,550) |
| Total REPAY stockholders' equity | $472,543 | $484,431 |
| Non-controlling interests | (3,280) | (2,649) |
| Total equity | 469,263 | 481,782 |
| Total liabilities and equity | $1,607,870 | $1,199,749 |
| Condensed Consolidated Statements of Cash Flows (Unaudited) | ||
| Six Months Ended June 30, | ||
| ($ in thousands) | 2026 | 2025 |
| Cash flows from operating activities | ||
| Net loss | $(21,563) | $(116,200) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 53,176 | 50,775 |
| Stock based compensation | 9,755 | 8,393 |
| Amortization of debt issuance costs | 1,505 | 1,619 |
| Loss on extinguishment of debt | 974 | — |
| Other loss | — | 268 |
| Fair value change in tax receivable agreement liability | 7,110 | 5,531 |
| Impairment loss | — | 103,781 |
| Deferred tax benefit | (643) | (1,749) |
| Change in accounts receivable, net | (980) | (429) |
| Change in inventories | (88) | — |
| Change in prepaid expenses and other | (1,832) | 832 |
| Change in lease ROU assets | 1,145 | 859 |
| Change in other assets | (366) | (2,417) |
| Change in accounts payable | 1,485 | (7,976) |
| Change in accrued expenses and other | 9,742 | (7,969) |
| Change in lease liabilities | (1,393) | (602) |
| Change in other liabilities | (965) | 852 |
| Net cash provided by operating activities | 57,062 | 35,568 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (2,305) | (77) |
| Purchases of intangible assets | (22,511) | — |
| Capitalized software development costs | (22,003) | (20,925) |
| Acquisition of KUBRA, net of cash and restricted cash acquired | (348,150) | — |
| Net cash used in investing activities | (394,969) | (21,002) |
| Cash flows from financing activities | ||
| Issuance of long-term debt | 610,000 | — |
| Payments on long-term debt | (256,508) | — |
| Payments of debt issuance costs | (29,372) | — |
| Payments for tax withholding related to shares vesting under Incentive Plan | (711) | (3,313) |
| Treasury shares repurchased | — | (22,645) |
| Payment of Tax Receivable Agreement | (13,702) | (16,337) |
| Net cash provided by (used in) financing activities | 309,707 | (42,295) |
| Decrease in cash, cash equivalents and restricted cash | (28,200) | (27,729) |
| Cash, cash equivalents and restricted cash at beginning of period | $155,652 | $236,709 |
| Cash, cash equivalents and restricted cash at end of period | $127,452 | $208,980 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
| Cash paid during the period for: | ||
| Interest | $8,094 | $4,740 |
| Income taxes (net of refunds received) | $696 | $1,793 |
| Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted EBITDA For the Three Months Ended June 30, 2026 and 2025 (Unaudited) | ||
| Three Months Ended June 30, | ||
| ($ in thousands) | 2026 | 2025 |
| Revenue | $100,705 | $75,626 |
| Operating expenses | ||
| Costs of services (exclusive of depreciation and amortization shown separately below) | $30,079 | $18,404 |
| Selling, general and administrative | 46,247 | 32,864 |
| Depreciation and amortization | 27,636 | 25,481 |
| Impairment loss | — | 103,781 |
| Total operating expenses | $103,962 | $180,530 |
| Loss from operations | $(3,257) | $(104,904) |
| Other income (expense) | ||
| Interest income | 289 | 1,197 |
| Interest expense | (7,983) | (3,087) |
| Loss on extinguishment of debt | (974) | — |
| Change in fair value of tax receivable liability | (2,547) | (2,509) |
| Other income (loss), net | 278 | (26) |
| Total other income (expense) | (10,937) | (4,425) |
| Loss before income tax benefit | (14,194) | (109,329) |
| Income tax benefit | 2,665 | 1,297 |
| Net loss | $(11,529) | $(108,032) |
| Add: | ||
| Interest income | (289) | (1,197) |
| Interest expense | 7,983 | 3,087 |
| Depreciation and amortization (a) | 27,636 | 25,481 |
| Income tax benefit | (2,665) | (1,297) |
| EBITDA | $21,136 | $(81,958) |
| Non-cash impairment loss (b) | — | 103,781 |
| Loss on extinguishment of debt (c) | 974 | — |
| Non-cash change in fair value of assets and liabilities (d) | 2,547 | 2,509 |
| Share-based compensation expense (e) | 4,736 | 3,049 |
| Transaction expenses (f) | 2,780 | 394 |
| Restructuring and other strategic initiative costs (g) | 2,113 | 2,724 |
| Other non-recurring charges (h) | 2,015 | 1,312 |
| Adjusted EBITDA | $36,301 | $31,811 |
| Quarterly Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted EBITDA (Unaudited) | |||
| Three Months Ended | |||
| ($ in thousands) | September 30, 2025 | December 31, 2025 | March 31, 2026 |
| Net loss | $(6,617) | $(148,271) | $(10,034) |
| Add: | |||
| Interest income | $(911) | $(597) | $(415) |
| Interest expense | 3,085 | 4,668 | 3,844 |
| Depreciation and amortization (a) | 25,640 | 25,631 | 25,540 |
| Income tax (benefit) expense | (1,808) | (2,312) | 2,033 |
| EBITDA | $19,389 | $(120,881) | $20,968 |
| Non-cash impairment loss (b) | — | 138,907 | — |
| (Gain) loss on extinguishment of debt (c) | (1,374) | — | — |
| Non-cash change in fair value of assets and liabilities (d) | 4,607 | 3,369 | 4,563 |
| Share-based compensation expense (e) | 5,508 | 4,429 | 5,020 |
| Transaction expenses (f) | 238 | 298 | 258 |
| Restructuring and other strategic initiative costs (g) | 1,492 | 2,408 | 1,867 |
| Other non-recurring charges (h) | 1,342 | 3,871 | 1,686 |
| Adjusted EBITDA | $31,202 | $32,401 | $34,362 |
| Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted EBITDA For the Six Months Ended June 30, 2026 and 2025 (Unaudited) | ||
| Six Months Ended June 30, | ||
| ($ in thousands) | 2026 | 2025 |
| Revenue | $181,499 | $152,951 |
| Operating expenses | ||
| Costs of services (exclusive of depreciation and amortization shown separately below) | $49,386 | $37,068 |
| Selling, general and administrative | 82,201 | 69,851 |
| Depreciation and amortization | 53,176 | 50,775 |
| Impairment loss | — | 103,781 |
| Total operating expenses | $184,763 | $261,475 |
| Loss from operations | $(3,264) | $(108,524) |
| Other income (expense) | ||
| Interest income | 704 | 2,553 |
| Interest expense | (11,827) | (6,194) |
| Loss on extinguishment of debt | (974) | — |
| Change in fair value of tax receivable liability | (7,110) | (5,531) |
| Other income (loss), net | 276 | (253) |
| Total other income (expense) | (18,931) | (9,425) |
| Loss before income tax benefit | (22,195) | (117,949) |
| Income tax benefit | 632 | 1,749 |
| Net loss | $(21,563) | $(116,200) |
| Add: | ||
| Interest income | (704) | (2,553) |
| Interest expense | 11,827 | 6,194 |
| Depreciation and amortization (a) | 53,176 | 50,775 |
| Income tax benefit | (632) | (1,749) |
| EBITDA | $42,104 | $(63,533) |
| Non-cash impairment loss (b) | — | 103,781 |
| Loss on extinguishment of debt (c) | 974 | — |
| Non-cash change in fair value of assets and liabilities (d) | 7,110 | 5,531 |
| Share-based compensation expense (e) | 9,756 | 9,094 |
| Transaction expenses (f) | 3,038 | 1,176 |
| Restructuring and other strategic initiative costs (g) | 3,980 | 6,235 |
| Other non-recurring charges (h) | 3,701 | 2,702 |
| Adjusted EBITDA | $70,663 | $64,986 |
| Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income For the Three Months Ended June 30, 2026 and 2025 (Unaudited) | ||
| Three Months Ended June 30, | ||
| ($ in thousands) | 2026 | 2025 |
| Revenue | $100,705 | $75,626 |
| Operating expenses | ||
| Costs of services (exclusive of depreciation and amortization shown separately below) | $30,079 | $18,404 |
| Selling, general and administrative | 46,247 | 32,864 |
| Depreciation and amortization | 27,636 | 25,481 |
| Impairment loss | — | 103,781 |
| Total operating expenses | $103,962 | $180,530 |
| Loss from operations | $(3,257) | $(104,904) |
| Other income (expense) | ||
| Interest income | 289 | 1,197 |
| Interest expense | (7,983) | (3,087) |
| Loss on extinguishment of debt | (974) | — |
| Change in fair value of tax receivable liability | (2,547) | (2,509) |
| Other income (loss), net | 278 | (26) |
| Total other income (expense) | (10,937) | (4,425) |
| Loss before income tax benefit | (14,194) | (109,329) |
| Income tax benefit | 2,665 | 1,297 |
| Net loss | $(11,529) | $(108,032) |
| Add: | ||
| Amortization of acquisition-related intangibles (i) | 21,954 | 19,506 |
| Non-cash impairment loss (b) | — | 103,781 |
| Loss on extinguishment of debt (c) | 974 | — |
| Non-cash change in fair value of assets and liabilities (d) | 2,547 | 2,509 |
| Share-based compensation expense (e) | 4,736 | 3,049 |
| Transaction expenses (f) | 2,780 | 394 |
| Restructuring and other strategic initiative costs (g) | 2,113 | 2,724 |
| Other non-recurring charges (h) | 2,015 | 1,312 |
| Non-cash interest expense (j) | 476 | 809 |
| Pro forma taxes at effective rate (k) | (8,174) | (6,969) |
| Adjusted Net Income | $17,892 | $19,083 |
| Shares of Class A common stock outstanding (on an as-converted basis) (l) | 88,571,262 | 93,937,366 |
| Adjusted Net Income per share | $0.20 | $0.20 |
| Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income For the Six Months Ended June 30, 2026 and 2025 (Unaudited) | ||
| Six Months Ended June 30, | ||
| ($ in thousands) | 2026 | 2025 |
| Revenue | $181,499 | $152,951 |
| Operating expenses | ||
| Costs of services (exclusive of depreciation and amortization shown separately below) | $49,386 | $37,068 |
| Selling, general and administrative | 82,201 | 69,851 |
| Depreciation and amortization | 53,176 | 50,775 |
| Impairment loss | — | 103,781 |
| Total operating expenses | $184,763 | $261,475 |
| Loss from operations | $(3,264) | $(108,524) |
| Other income (expense) | ||
| Interest income | 704 | 2,553 |
| Interest expense | (11,827) | (6,194) |
| Loss on extinguishment of debt | (974) | — |
| Change in fair value of tax receivable liability | (7,110) | (5,531) |
| Other income (loss), net | 276 | (253) |
| Total other income (expense) | (18,931) | (9,425) |
| Loss before income tax benefit | (22,195) | (117,949) |
| Income tax benefit | 632 | 1,749 |
| Net loss | $(21,563) | $(116,200) |
| Add: | ||
| Amortization of acquisition-related intangibles (i) | 41,763 | 38,835 |
| Non-cash impairment loss (b) | — | 103,781 |
| Loss on extinguishment of debt (c) | 974 | — |
| Non-cash change in fair value of assets and liabilities (d) | 7,110 | 5,531 |
| Share-based compensation expense (e) | 9,756 | 9,094 |
| Transaction expenses (f) | 3,038 | 1,176 |
| Restructuring and other strategic initiative costs (g) | 3,980 | 6,235 |
| Other non-recurring charges (h) | 3,701 | 2,702 |
| Non-cash interest expense (j) | 1,035 | 1,619 |
| Pro forma taxes at effective rate (k) | (12,500) | (13,411) |
| Adjusted Net Income | $37,294 | $39,362 |
| Shares of Class A common stock outstanding (on an as-converted basis) (l) | 88,189,615 | 94,146,654 |
| Adjusted Net Income per share | $0.42 | $0.42 |
| Reconciliation of Operating Cash Flow to Free Cash Flow For the Three and Six Months Ended June 30, 2026 and 2025 (Unaudited) | ||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||
| ($ in thousands) | 2026 | 2025 | 2026 | 2025 |
| Net cash provided by operating activities | $40,239 | $33,065 | $57,062 | $35,568 |
| Capital expenditures | ||||
| Cash paid for property and equipment | (2,183) | 69 | (2,305) | (77) |
| Capitalized software development costs | (10,685) | (10,534) | (22,003) | (20,925) |
| Total capital expenditures | (12,868) | (10,465) | (24,308) | (21,002) |
| Free cash flow | $27,371 | $22,600 | $32,754 | $14,566 |
| Technology, merger, integration costs | 1,911 | — | 2,343 | — |
| Adjusted free cash flow | $29,282 | $22,600 | $35,097 | $14,566 |
| Free cash flow conversion | 75% | 71% | 46% | 22% |
| Adjusted free cash flow conversion | 81% | 71% | 50% | 22% |
| Quarterly Reconciliation of Operating Cash Flow to Free Cash Flow (Unaudited) | |||
| Three Months Ended | |||
| ($ in thousands) | September 30, 2025 | December 31, 2025 | March 31, 2026 |
| Net cash provided by operating activities | $32,227 | $23,317 | $16,823 |
| Capital expenditures | |||
| Cash paid for property and equipment | (122) | (286) | (122) |
| Purchases of intangible assets | — | (200) | — |
| Capitalized software development costs | (11,321) | (41,497) | (11,318) |
| Total capital expenditures | (11,443) | (41,983) | (11,440) |
| Free cash flow | $20,784 | $(18,666) | $5,383 |
| Technology, merger, integration costs | — | — | 433 |
| Adjusted free cash flow | $20,784 | $(18,666) | $5,816 |
| Free cash flow conversion | 67% | (58%) | 16% |
| Adjusted Free cash flow conversion | 67% | (58%) | 17% |
| Reconciliation of Revenue Growth to Organic and Normalized Organic Revenue Growth For the Year-over-Year Change Between the Three Months Ended June 30, 2026 and 2025 (Unaudited) | |||
| Consumer Payments | Business Payments | Total | |
| Total Revenue growth | 33% | 32% | 33% |
| Less: Growth from acquisitions and dispositions | 29% | 0% | 27% |
| Organic revenue growth (m) | 4% | 32% | 6% |
| Less: Growth from contributions related to political media | — | 13% | 2% |
| Normalized Organic revenue growth (n) | 4% | 19% | 4% |
| (a) | See footnote (i) for details on amortization and depreciation expenses. |
| (b) | Reflects non-cash goodwill impairment loss primarily related to the Consumer Payments segment. |
| (c) | For the three and six months ended June 30, 2026, reflects a loss on the extinguishment of the revolving credit facility, net of a write-off of debt issuance costs relating to the principal. For the three months ended September 30, 2025, reflects a gain on the repurchase of 2026 Notes principal, net of a write-off of debt issuance costs relating to the repurchased principal. |
| (d) | Reflects the changes in management's estimates of the fair value of the liability relating to the Tax Receivable Agreement. |
| (e) | Represents compensation expense associated with equity compensation plans. |
| (f) | Primarily consists of (i) during the three and six months ended June 30, 2026, professional service fees and other costs incurred in connection with the acquisition of KUBRA and (ii) during the three and six months ended June 30, 2025, three months ended September 30, 2025, three months ended December 31, 2025 and three months ended March 31, 2026, professional service fees and other costs incurred in connection with prior transactions. |
| (g) | Reflects costs associated with reorganization of operations, consulting fees related to processing services and other operational improvements, including restructuring and integration activities related to acquired businesses, that were not in the ordinary course. |
| (h) | Reflects franchise taxes and other non-income based taxes, non-recurring legal and other litigation expenses and payments made to third-parties in connection with our IT security and personnel. |
| (i) | For the three and six months ended June 30, 2026, reflects amortization of client relationships, non-compete agreement, software, and channel relationship intangibles acquired through the Business Combination, and client relationships, non-compete agreement, and software intangibles acquired through our acquisitions of TriSource, APS, Ventanex, cPayPlus, CPS, BillingTree, Kontrol, Payix and KUBRA. For the three and six months ended June 30, 2025, three months ended September 30, 2025, three months ended December 31, 2025 and three months ended March 31, 2026, reflects amortization of client relationships, non-compete agreement, software, and channel relationship intangibles acquired through the Business Combination, and client relationships, non-compete agreement, and software intangibles acquired through our acquisitions of TriSource, APS, Ventanex, cPayPlus, CPS, BillingTree, Kontrol and Payix. This adjustment excludes the amortization of other intangible assets which were acquired in the regular course of business, such as capitalized internally developed software and purchased software. See additional information below for an analysis of our amortization expenses: |
| Three Months Ended June 30, | Six Months Ended June 30, | |||
| ($ in thousands) | 2026 | 2025 | 2026 | 2025 |
| Acquisition-related intangibles | $21,954 | $19,506 | $41,763 | $38,835 |
| Software | 3,833 | 5,815 | 9,353 | 11,297 |
| Amortization | $25,787 | $25,321 | $51,116 | $50,132 |
| Depreciation | 1,849 | 160 | 2,060 | 643 |
| Total Depreciation and amortization (1) | $27,636 | $25,481 | $53,176 | $50,775 |
| Three Months Ended | |||
| ($ in thousands) | September 30, 2025 | December 31, 2025 | March 31, 2026 |
| Acquisition-related intangibles | $19,723 | $19,741 | $19,809 |
| Software | 5,652 | 5,639 | 5,520 |
| Amortization | $25,375 | $25,380 | $25,329 |
| Depreciation | 265 | 251 | 211 |
| Total Depreciation and amortization (1) | $25,640 | $25,631 | $25,540 |
| (1) | Adjusted Net Income is adjusted to exclude amortization of all acquisition-related intangibles as such amounts are inconsistent in amount and frequency and are significantly impacted by the timing and/or size of acquisitions (see corresponding adjustments in the reconciliation of net income to Adjusted Net Income presented above). Management believes that the adjustment of acquisition-related intangible amortization supplements GAAP financial measures because it allows for greater comparability of operating performance. Although REPAY excludes amortization from acquisition-related intangibles from its non-GAAP expenses, management believes that it is important for investors to understand that such intangibles were recorded as part of purchase accounting and contribute to revenue generation. Amortization of intangibles that relate to past acquisitions will recur in future periods until such intangibles have been fully amortized. Any future acquisitions may result in the amortization of additional intangibles. |
| (j) | Represents amortization of non-cash deferred debt issuance costs. |
| (k) | Represents pro forma income tax adjustment effect associated with items adjusted above. |
| (l) | Represents the weighted average number of shares of Class A common stock outstanding (on an as-converted basis assuming conversion of outstanding Post-Merger REPAY Units) for the three and six months ended June 30, 2026 and 2025. These numbers do not include any shares issuable upon conversion of the Company's convertible senior notes. See the reconciliation of basic weighted average shares outstanding to the non-GAAP Class A common stock outstanding on an as-converted basis for each respective period below: |
| Three Months Ended June 30, | Six Months Ended June 30, | |||
| 2026 | 2025 | 2026 | 2025 | |
| Weighted average shares of Class A common stock outstanding - basic | 83,285,379 | 88,647,823 | 82,903,732 | 88,825,785 |
| Add: Non-controlling interests | ||||
| Weighted average Post-Merger REPAY Units exchangeable for Class A common stock | 5,285,883 | 5,289,543 | 5,285,883 | 5,320,869 |
| Shares of Class A common stock outstanding (on an as-converted basis) | 88,571,262 | 93,937,366 | 88,189,615 | 94,146,654 |
| (m) | Represents year-on-year revenue growth that excludes incremental revenue attributable to acquisitions and dispositions made in the applicable prior period or any subsequent period. |
| (n) | Represents year-over-year organic revenue growth that excludes incremental revenue attributable to political media spending in Q2 2026 associated with the 2026 election cycle in our media payments business. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20260504053480/en/
Investor Relations Contact for REPAY:
ir@repay.com
Media Relations Contact for REPAY:
Kristen Hoyman
(404) 637-1665
khoyman@repay.com
Source: Repay Holdings Corporation
AI-Powered IVR Solution Enhances Rigid Phone Menus with Human-Like Dialogue for a Faster, Frictionless Experience
ATLANTA--(BUSINESS WIRE)--Aug. 6, 2026-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of bill payment solutions, today announced REPAY Voice™, an AI-powered premium interactive voice response (IVR) solution that modernizes how consumers pay. Instead of callers using rigid menus and button presses, REPAY Voice enables natural, conversational interactions with a virtual agent that understands verbal instruction, applies customer-specific context, answers questions, and processes payments in real time.
REPAY Voice leverages a sophisticated large language model to enable callers to speak naturally, reference their accounts, and complete payments without navigating frustrating menus or inflexible prompts. REPAY Voice is designed to help businesses reduce call abandonment and improve payment completion rates compared to traditional IVR experiences.
With REPAY Voice, callers are greeted conversationally and can immediately state their intent. The AI-powered virtual agent recognizes the caller’s phone number, guides callers through identity verification, and presents current balance information and saved payment methods. Callers simply say what they want to do, and REPAY Voice understands, confirms details, and processes the payment securely.
“Traditional IVR can be a pain point for consumers and businesses,” said Matt Morrow, Executive Vice President, Consumer Payments at REPAY. “REPAY Voice replaces the ‘press 1 to pay’ experience with real conversation. When paying by phone is this easy, more calls end in payment. Businesses collect more, callers experience less friction, and call centers handle fewer repeat calls from frustrated customers.”
The solution is ideal for consumer lenders, utilities, government agencies, credit unions, banks, automotive finance providers, collection agencies, and servicing teams. These businesses can experience higher payment completion rates, lower call center volume, configurable call flows, and comprehensive payment support while offering their customers a convenient, flexible and pleasant payment experience.
About REPAY
REPAY provides integrated bill payment solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology provides a comprehensive end-to-end platform offering digital payments, bill design & presentment, and communication services for clients, while enhancing the overall experience for consumers and businesses.
Learn more about REPAY Voice.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260806409415/en/
Investor Relations Contact for REPAY: IR@repay.com
Media Relations Contact for REPAY:
Kristen Hoyman
khoyman@repay.com
Source: Repay Holdings Corporation
ATLANTA--(BUSINESS WIRE)--Jul. 27, 2026-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of bill payment solutions, today announced that the Company will host a conference call to discuss second quarter 2026 financial results on Monday, August 10, 2026 at 5:00pm ET. A press release with second quarter 2026 financial results will be issued after the market closes that same day.
The conference call will be webcast live from the Company's investor relations website at https://investors.repay.com/ under the “Events” section. The conference call can also be accessed live over the phone by dialing (877) 407-3982, or for international callers (201) 493-6780. A replay will be available two hours after the call and can be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the conference ID is 13761472. The replay will be available until Monday, August 24, 2026. An archive of the webcast will be available at the same location on the website shortly after the call has concluded.
About REPAY
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology provides a comprehensive end-to-end platform offering digital payments, bill design & presentment, and communication services for clients, while enhancing the overall experience for consumers and businesses.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260727517340/en/
Investor Relations Contact for REPAY:
ir@repay.com
Media Relations Contact for REPAY:
Kristen Hoyman
khoyman@repay.com
Source: Repay Holdings Corporation
Board Strengthened with Independent Director with Significant Industry Experience
ATLANTA--(BUSINESS WIRE)--Jul. 13, 2026-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of bill payment solutions, today announced that Zachary F. Sadek has been appointed to its Board of Directors, effective immediately.
Mr. Sadek is a Senior Partner at Parthenon Capital Partners, an affiliate of one of the Company’s largest stockholders, PCP Managers II L.P. (“Parthenon Capital”), a growth-oriented private equity firm that partners with management teams to develop and implement bold strategic visions to make companies leaders in their markets. He brings more than two decades of experience investing in and advising companies across the payments, financial technology, business services and software sectors.
“We are pleased to welcome Zach to the REPAY Board,” said Peter J. Kight, Chairman of the Board of Directors. “Zach brings deep experience across the payments and financial technology industries, together with significant board and investment experience. We also value the perspective he brings from Parthenon Capital, one of REPAY’s largest stockholders, as we continue to focus on executing our strategy and creating long-term value for all stockholders.”
“I appreciate the opportunity to join the REPAY Board,” said Mr. Sadek. “Parthenon Capital has been a long-term, supportive stockholder of REPAY and believes REPAY has established a strong market position and differentiated payments platform. I look forward to working collaboratively with my fellow directors and the management team to create long-term value for all stockholders.”
The appointment of Mr. Sadek expands the Board to seven directors, six of whom qualify as independent within the meaning of the independent director guidelines of NASDAQ.
Mr. Sadek is being appointed in connection with a cooperation agreement between the Company and Parthenon Capital, following constructive engagement. The full agreement will be filed as an exhibit to a Current Report on Form 8-K with the U.S. Securities and Exchange Commission (the “SEC”). The agreement reflects a shared commitment to driving improved performance and creating long-term value for REPAY stockholders.
About REPAY
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology provides a comprehensive end-to-end platform offering digital payments, bill design & presentment, and communication services for clients, while enhancing the overall experience for consumers and businesses.
Forward Looking Statements
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the Company’s strategy, growth opportunities, the successful integration of KUBRA and the Company’s ability to create long-term stockholder value. Such forward-looking statements are based upon the current beliefs and expectations of REPAY’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond REPAY’s control. The factors disclosed in REPAY’s reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2025 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, and those identified elsewhere in this communication could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements.
Actual results, performance or achievements and the timing of events may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance. All information set forth herein speaks only as of the date hereof in the case of information about REPAY or the date of such information in the case of information from persons other than REPAY, and REPAY disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260713502237/en/
Investor Relations Contact
ir@repay.com
Media Contact
Phil Denning and Gabriel Hasson, ICR
Phil.Denning@icrinc.com / Gabriel.Hasson@icrinc.com
Source: Repay Holdings Corporation
Integrating advanced payment processing and text messaging capabilities to deliver convenient customer interactions and streamline revenue workflows
ATLANTA--(BUSINESS WIRE)--Jul. 16, 2026-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of bill payment solutions, and SBT, a leader in compliance-first conversational commerce, today announced a strategic partnership enabling financial service providers to efficiently coordinate consumer communications and receive payments via text.
SBT ensures compliance with carrier requirements and industry regulations including the TCPA, FDCPA, and CFPB guidelines for text messaging across regulated industries. This approach gives consumers greater flexibility in when, where, and how they make payments—while reducing the need for live agent assistance. By aligning with these strict standards, organizations can create trusted, compliant interactions that lead to faster payments, improved engagement, and better outcomes.
“Text messaging has become the primary channel for everyday communication. This integration gives REPAY’s clients a compliant text messaging channel for reaching consumers where they are and enabling faster, less intrusive payment options,” said Matt Morrow, EVP of Consumer Payments at REPAY. “Together with SBT, we are helping financial service providers simplify payment workflows, reduce operational burden, and deliver a better overall consumer experience.”
With REPAY’s integrated payment technology, payment status and details are reflected in customer management systems in real time. The combined speed of instant payment tracking and text communications reduces the risk of late payments or unnecessary fees for consumers while enhancing operational efficiencies. Payments processed through REPAY utilize security controls designed to support applicable compliance requirements and industry security standards.
“The more friction in your payment experience, the fewer payments you collect,” said Subra Viswanathan, Chief Technology & Product Officer at SBT. “Together with REPAY, we’re helping financial institutions turn payment intent into action with speed and confidence. By combining compliant text messaging with secure payment flows, this partnership minimizes obstacles and accelerates revenue by delivering the payment experience today’s consumers expect.”
About REPAY
REPAY provides integrated bill payment solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology provides a comprehensive end-to-end platform offering digital payments, bill design & presentment, and communication services for clients, while enhancing the overall experience for consumers and businesses.
About SBT
SBT helps businesses in regulated industries turn consumer intent into completed action. Its FinText™ platform unifies messaging, embedded payments, compliance governance, and performance intelligence into a single experience designed for high-stakes interactions. The result is faster payments, stronger self-service performance, and consumer journeys that stay inside a governed workflow from first contact to final confirmation. Founded in 2008, SBT serves lenders, servicers, collections organizations, and other businesses where engagement and revenue realization depend on trusted, compliant communication. Learn more at solutionsbytext.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260716166037/en/
Investor Relations Contact for REPAY: IR@repay.com
Media Relations Contact for REPAY:
Kristen Hoyman
khoyman@repay.com
Source: Repay Holdings Corporation
Demonstration showcases fully functional consumer payment using USD Coin (USDC) over the Stellar blockchain network
ATLANTA--(BUSINESS WIRE)--Jun. 18, 2026-- Repay Holdings Corporation (NASDAQ: RPAY) ("REPAY"), a leading provider of vertically-integrated payment solutions, today announced the successful completion of a proof of concept demonstrating stablecoin payment capabilities on its platform. The initiative marks a significant step in REPAY's evaluation of blockchain-based payment methods for its clients and their customers.
REPAY's proof of concept is a fully operational demonstration of a consumer payment made over the Stellar blockchain network. The solution enables consumers holding funds in a compatible digital wallet to authorize transfers of USD Coin (USDC) — a regulated, fiat-collateralized stablecoin designed to maintain a 1:1 value with the U.S. dollar — directly to a REPAY client's corresponding wallet.
The proof of concept leverages REPAY's existing platform to provide a user-friendly payment interface. Consumers can select USDC as a payment method, review transaction details, authorize payment through their preferred browser-based wallet extension, and view completed transaction records both on the Stellar network and within REPAY. Once a consumer confirms a transaction, it is securely processed on the Stellar blockchain, and the client's wallet reflects the received funds shortly after confirmation on the network.
Stablecoin payments offer the potential for faster settlement, lower transaction costs, and increased transparency for certain payment use cases compared to traditional payment rails. By building on the Stellar network — known for its speed and low fees — REPAY is positioning itself to meet potential future demand for digital asset payment options among billers and their customers.
"This proof of concept demonstrates REPAY's ability to integrate emerging payment technologies into our existing platform infrastructure," said David Guthrie, CTO of REPAY. "As consumer interest in digital assets continues to evolve, we believe offering stablecoin payment options will become an important differentiator for our clients."
About REPAY
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260618739430/en/
Investor Relations for REPAY:
ir@repay.com
Media Relations for REPAY:
Kristen Hoyman
khoyman@repay.com
Source: Repay Holdings Corporation
REPAY Becomes a Leading Consumer Bill Payment Provider
Announces Investor Day for December 2026
ATLANTA--(BUSINESS WIRE)--June 1, 2026-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of integrated payment processing solutions, today announced that it has completed the acquisition of Kubra Data Transfer LTD. (“KUBRA”). Under the terms of the agreement, REPAY acquired KUBRA for $372 million in cash. REPAY announced the definitive agreement to acquire KUBRA on March 30, 2026.
“With the addition of KUBRA, REPAY expands our position as a leading Consumer Bill Payment Provider with the technology and market position to lead the digital journey across the payment ecosystem,” said John Morris, Co-Founder and Chief Executive Officer of REPAY. “We expect KUBRA will significantly increase our revenue, engage with over 40% of U.S. and Canadian households every month, and process over $130 billion in combined annual payment volumes as we serve non-discretionary categories with reoccurring billing cycles.”
The Company previously outlined the combined value creation opportunities of approximately $15+ million of annual run-rate costs synergies and approximately $5+ million of technology savings over the next three years through combining operations, platform consolidation, and other scale efficiencies. REPAY expects to achieve approximately $8 million of the identified run-rate expense synergies during 2026. REPAY expects the transaction to unlock additional value with expected revenue opportunities of approximately $5+ million by 2028 as REPAY benefits from offering bill presentment, communications services, a payment engine, and core processing solutions across all clients.
REPAY continues to expect Free Cash Flow accretion1 of 25% by 2028. In the supplemental materials published today, REPAY has outlined the multi-year value creation roadmap to realizing the identified synergies and savings, along with the near-term costs to achieve the estimated 2028 run-rate savings.
At closing, REPAY combined net leverage2 is approximately 4.0x and REPAY expects to reduce net leverage to below 3.0x within 18 months. The transaction was funded with debt financing and cash on hand. In connection with the transaction, REPAY has received financing of $500 million senior secured term loan, along with a $100 million undrawn revolving credit facility.
For the full year 2026, REPAY is raising its outlook to incorporate KUBRA’s expected contributions for the remaining 7 months. KUBRA is expected to contribute between $150 million and $154 million in revenue and between $27.5 million and $30 million in Adjusted EBITDA3 for the remainder of 2026. On an organic basis, REPAY expects approximately 10% to 12% revenue growth. REPAY is now expecting the following financial results for full year 2026:
| Prior FY2026 Outlook | Updated FY2026 Outlook | |
| Revenue | $340 - 346 million | $490 - 500 million |
| Adjusted EBITDA4 | $141 - 146 million | $168.5 - 176 million |
| Free Cash Flow Conversion | 45% | 30% |
| Adjusted FCF Conversion | 35% |
As a reminder, Free Cash Flow includes net interest expense. Adjusted Free Cash Flow represents Free Cash Flow plus in year technology, merger, and integration costs associated with synergy realization. Free Cash Flow Conversion represents Free Cash Flow divided by Adjusted EBITDA. Adjusted Free Cash Flow Conversion represents Adjusted Free Cash Flow divided by Adjusted EBITDA.
REPAY does not provide quantitative reconciliation of forward-looking, non-GAAP financial measures, such as Adjusted EBITDA, Free Cash Flow Conversion, Adjusted Free Cash Flow Conversion, net leverage and organic revenue growth, to the most directly comparable GAAP financial measure, because it is difficult to reliably predict or estimate the relevant components without unreasonable effort due to future uncertainties that may potentially have a significant impact on such calculations, and providing them may imply a degree of precision that would be confusing or potentially misleading.
Investor Day
We are planning to provide more details on our strategy, execution priorities, and financial outlook at an Investor Day in December.
Supplemental Materials
In addition to today’s press release, the Company has provided additional details on the KUBRA acquisition including a multi-year synergy roadmap and our 2026 outlook. The supplemental materials are available on REPAY’s investor relations website at https://investors.repay.com/investor-relations under the “Presentation” section.
Advisors
Truist Securities, Inc. served as exclusive financial advisor to REPAY. Troutman Pepper Locke LLP served as legal advisor to REPAY. Financial Technology Partners served as exclusive financial advisor to KUBRA. Clifford Chance US LLP and the Hearst Office of General Counsel served as legal advisors to KUBRA and Hearst Corporation.
Non-GAAP Financial Measures
This report includes certain non-GAAP financial measures that management uses to evaluate the Company’s operating business, measure performance, and make strategic decisions, including Adjusted EBITDA, Free Cash Flow accretion, Free Cash Flow Conversion, Adjusted Free Cash Flow Conversion, organic revenue growth and net leverage, as well as certain forward-looking projections that are not reconcilable with GAAP measures due to their inherent uncertainty. Free Cash Flow is a non-GAAP financial measure that represents net cash flow provided by operating activities less total capital expenditures. Free Cash Flow Conversion represents Free Cash Flow divided by Adjusted EBITDA. Adjusted Free Cash Flow Conversion represents Adjusted Free Cash Flow divided by Adjusted EBITDA. Organic revenue growth is a non-GAAP financial measure that represents the percentage change in the applicable metric for a fiscal period over the comparable prior fiscal period, exclusive of any incremental amount attributable to acquisitions or divestitures made in the comparable prior fiscal period or any subsequent fiscal period through the applicable current fiscal period. Net leverage is a non-GAAP financial measure calculated by total debt (less cash and cash equivalents) divided by Adjusted EBITDA. Adjusted EBITDA is a non-GAAP financial measure that represents net income prior to interest expense, tax expense, depreciation and amortization, as adjusted to add back certain charges deemed to not be part of normal operating expenses, non-cash charges and/or non-recurring charges, such as gain on extinguishment of debt, non-cash impairment loss, non-cash change in fair value of assets and liabilities, share-based compensation charges, transaction expenses, restructuring and other strategic initiative costs, gain on extinguishment of debt and other non-recurring charges. REPAY does not provide quantitative reconciliation of forward-looking, non-GAAP financial measures to the most directly comparable GAAP financial measure because it is difficult to reliably predict or estimate the relevant components without unreasonable effort due to future uncertainties that may potentially have significant impact on such calculations, and providing them may imply a degree of precision that would be confusing or potentially misleading. REPAY believes that Adjusted EBITDA, Free Cash Flow accretion, Free Cash Flow Conversion, Adjusted Free Cash Flow Conversion, organic revenue growth and net leverage provide useful information to investors and others in understanding and evaluating its operating results in the same manner as management. However, these non-GAAP financial measures are not financial measures calculated in accordance with GAAP and should not be considered as a substitute for net income, operating profit, net cash provided by operating activities, or any other operating performance measure calculated in accordance with GAAP. Using these non-GAAP financial measures to analyze REPAY’s business has material limitations because the calculations are based on the subjective determination of management regarding the nature and classification of events and circumstances that investors may find significant. In addition, although other companies in REPAY’s industry may report measures titled as the same or similar measures, such non-GAAP financial measures may be calculated differently from how REPAY calculates its non-GAAP financial measures, which reduces their overall usefulness as comparative measures. Because of these limitations, you should consider REPAY’s non-GAAP financial measures alongside other financial performance measures, including net income, net cash provided by operating activities and REPAY’s other financial results presented in accordance with GAAP.
Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, REPAY’s plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “can,” “may,” “will,” “expect,” “anticipate,” “estimate,” “believe,” “projection” or words of similar meaning. These forward-looking statements include, but are not limited to: anticipated benefits from the KUBRA acquisition, expected strengthening of REPAY’s product offering, future market, growth and synergy opportunities, payment volume, net leverage and Free Cash Flow estimates, and the level of KUBRA’s expected growth and financial contributions, including revenue and Adjusted EBITDA. Such forward-looking statements are based upon the current beliefs and expectations of REPAY’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control.
In addition to factors disclosed in REPAY’s reports filed with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2025 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: the inability to integrate and/or realize the benefits of the KUBRA acquisition, including expected synergies; that the acquisition could disrupt relationships with customers, employees or other business partners; the impact, cost and effect of actions by activist stockholders; the risk that the stockholder rights plan may delay, discourage or prevent a change of control or acquisition of the Company, even if such action may be considered beneficial by some stockholders; exposure to economic conditions and political risk affecting the consumer loan market, the receivables management industry and consumer and commercial spending, including bank failures or other adverse events affecting financial institutions, inflationary pressures, evolving U.S. trade policies, general economic slowdown or recession; changes in the payment processing markets in which REPAY operates, including with respect to the competitive landscape, technology evolution or regulatory changes; changes in the vertical markets that REPAY targets, including the regulatory environment applicable to those customers; the ability to retain, develop and hire key personnel; risks relating to REPAY’s relationships within the payment ecosystem; the ability to retain, develop and hire key personnel; risks relating to data security; changes in accounting policies applicable to REPAY; and the risk that REPAY may not be able to maintain effective internal controls.
Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance. All information set forth herein speaks only as of the date hereof in the case of information about REPAY or the date of such information in the case of information from persons other than REPAY, and REPAY disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding REPAY’s industry and end markets are based on sources it believes to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Combined, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.
About REPAY
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.
About KUBRA
KUBRA, founded in 1992 and headquartered in Mississauga, Ontario, is an industry-leading provider of customer experience management solutions to some of the largest utility, government, and insurance entities in North America. KUBRA’s platform offering includes billing and payments, alerts and preference management, artificial intelligence solutions, mobile apps, and utility mapping solutions. KUBRA reaches over 40% of households in the United States and Canada, providing performance-driven value to more than 250 clients and their customers.
| 1 Free Cash Flow measures are non-GAAP measures. See “Non-GAAP Financial Measures” herein for additional information. |
| 2 Combined net leverage represents LTM as of 3/31/2026 and includes transaction-related adjustments and synergies. Net leverage is a non-GAAP financial measure. See “Non-GAAP Financial Measures” herein for additional information. |
| 3 Adjusted EBITDA is a non-GAAP measure. See “Non-GAAP Financial Measures” herein for additional information. |
| 4 Adjusted EBITDA includes in year technology, merger, and integration costs associated with synergy realization. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20260601833159/en/
Investor Relations for REPAY:
ir@repay.com
Media Relations for REPAY:
Kristen Hoyman
khoyman@repay.com
Source: Repay Holdings Corporation