Repay (NASDAQ:RPAY) Announces Quarterly Earnings Results

Repay (NASDAQ:RPAY) announced its earnings results on Monday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02), FiscalAI reports. The firm had revenue of $78.59 million during the quarter, compared to the consensus estimate of $76.79 million. Repay had a positive return on equity of 8.63% and a negative net margin of 83.01%.The firm’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 EPS.

Here are the key takeaways from Repay’s conference call:

• Q4 results showed strengthened momentum with normalized revenue up 10% (reported revenue $78.6M), normalized gross profit up 9%, ~41% Adjusted EBITDA margin, and 43% free cash flow conversion while still reinvesting in growth.
• Business payments drove the quarter, with normalized revenue +41% and gross profit +73% YoY, supplier network growing to 602,000 (up ~65% YoY), and monetization initiatives (float income, enhanced ACH, TotalPay) and AP wins in healthcare and hospitality building momentum.
• 2026 guidance targets revenue of $340–$346M (10%–12% reported, ~7%–9% normalized), Adjusted EBITDA $136.5–$141.5M (~40% margin), and >45% free cash flow conversion, with stronger H2 growth expected and ~$8–$10M of political media revenue tailwind.
• Reported Q4 net income was materially impacted by a $138.9M non‑cash goodwill impairment tied to the consumer payments segment, reducing reported earnings despite positive adjusted metrics.
• Balance sheet and capital plan: REPAY paid off $147M of 0% convertible notes using $37M cash and a $110M revolver draw (pro forma cash ~$79M, pro forma debt ~$398M, pro forma liquidity ~$219M, net leverage ~2.5x), and plans to allocate capital to organic growth, selective M&A, capex, and up to $23M of share repurchases.

Repay Stock Up 8.2%

RPAY stock opened at $3.04 on Wednesday. Repay has a 1-year low of $2.70 and a 1-year high of $6.05. The business has a fifty day moving average price of $3.34 and a 200-day moving average price of $4.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $277.70 million, a P/E ratio of -1.00 and a beta of 1.64.

Analyst Ratings Changes

A number of research firms have recently weighed in on RPAY. Benchmark reduced their target price on shares of Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday. Wall Street Zen cut Repay from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $12.00 price objective on shares of Repay in a research report on Tuesday, November 11th. DA Davidson reiterated a “buy” rating and set a $9.00 price objective on shares of Repay in a research note on Tuesday. Finally, Morgan Stanley set a $3.50 target price on Repay in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.19.

Institutional Trading of Repay

A number of large investors have recently made changes to their positions in the stock. Sunriver Management LLC boosted its holdings in Repay by 11.0% in the fourth quarter. Sunriver Management LLC now owns 4,361,524 shares of the company’s stock worth $15,920,000 after purchasing an additional 433,524 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Repay by 24.6% in the 1st quarter. Millennium Management LLC now owns 2,166,100 shares of the company’s stock worth $12,065,000 after buying an additional 428,289 shares during the last quarter. Kent Lake PR LLC purchased a new position in shares of Repay in the 2nd quarter worth $7,230,000. AQR Capital Management LLC grew its holdings in shares of Repay by 2,421.7% in the second quarter. AQR Capital Management LLC now owns 1,444,545 shares of the company’s stock worth $6,963,000 after acquiring an additional 1,387,260 shares during the period. Finally, Franklin Resources Inc. increased its position in Repay by 1.5% during the third quarter. Franklin Resources Inc. now owns 1,371,147 shares of the company’s stock valued at $7,171,000 after acquiring an additional 20,872 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors.

About Repay

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.