NASDAQ$RPAY

Repay Holdings Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported a strong first quarter with significant growth in card payment volume and gross profit, driven by solid performance across all businesses.

REPAY reported a 20% increase in total revenue, reaching $47.5 million, and a 22% increase in gross profit, amounting to $35.0 million. Adjusted EBITDA grew by 18% to $20.5 million. The company also updated its full year 2021 outlook, projecting card payment volume between $19.9 and $20.4 billion and total revenue between $210 and $220 million.

  • Card payment volume increased by 20% year-over-year, reaching $4.6 billion.
  • Total revenue grew by 20% compared to the first quarter of 2020, totaling $47.5 million.
  • Gross profit increased by 22% year-over-year, amounting to $35.0 million.
  • Adjusted EBITDA increased by 18% to $20.5 million.

Headline financials

Total Revenue

$47.5M

Previous: $39.5M+20.4%
EPS (adj)

$0.18

Previous: $0.17+5.9%
Adjusted EBITDA

$20.5M

Previous: $17.4M+17.9%
Capital Expenditures

-$640K

Previous: -$367K-74.7%
Free Cash Flow

-$16.4M

Previous: -$3.8M-332.6%
Net Income

-$15.8M

Previous: -$3.43M-360.2%
Operating Income

-$8.79M

Previous: -$3.38M-160.1%
Gross Profit

$35M

Previous: $28.7M+22.1%
Cash & Equivalents

$391M

Previous: $32.7M+1095.0%
Total Assets

$1.41B

Previous: $830M+69.8%
Stock-Based Comp

$5.15M

No prior period

Revenue & EPS history

Repay · Revenue · Quarterly

$47.5M

Q1 2021+20.4%vs Q1 2020
Beat estimate in 8 of 12 quarters(67%)
ActualEstimate

Revenue by segment

Repay · $78.4M total across 2 segments · Q3 2023

  • Consumer Payments
    $68.7M
  • Business Payments
    $9.7M

Forward guidance

REPAY expects the following financial results for full year 2021, which reflects the assumption that the BillingTree acquisition closes by the end of the second quarter 2021, and replaces previously provided guidance.

Tailwinds

  • Card Payment Volume $19.9 - 20.4 billion
  • Total Revenue $210 - 220 million
  • Gross Profit $159 - 165 million
  • Adjusted EBITDA $91 - 96 million

Headwinds

  • This range assumes no further unforeseen COVID-related impacts, which could create substantial economic duress in 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.3%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+3.0%

Avg return

30 days after

53%

16 / 30 earnings

Positive

+33.9%

Q3 2022

Best reaction

-24.6%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.4%+5.5%+2.5%
Q4 2025+7.9%-5.0%+1.8%
Q3 2025+1.3%-4.5%-7.2%
Q1 2025-2.0%+1.5%+23.8%
Q4 2024-14.2%-17.6%-25.1%
Q3 2024-3.7%-12.8%-9.4%
Q2 2024-5.9%-6.5%-7.4%
Q1 2024-5.8%-4.4%-6.5%
Q4 2023+15.8%+10.4%+28.8%
Q3 2023+3.2%+16.2%+20.5%
Q2 2023+4.2%+4.7%-3.6%
Q1 2023+6.0%+16.4%+13.8%
Q4 2022-8.8%-5.7%-22.5%
Q3 2022+33.9%+52.5%+64.7%
Q2 2022-24.6%-19.1%-31.9%
Q1 2022-21.4%-18.3%-3.0%
Q4 2021-2.7%-8.9%-14.5%
Q3 2021+8.8%+7.0%-3.2%
Q2 2021-4.4%-6.4%-4.8%
Q1 2021+1.3%+7.6%+10.3%
Q4 2020+14.7%+5.3%+7.7%
Q3 2020-9.7%-11.5%-7.8%
Q2 2020+0.3%-5.0%-2.0%
Q1 2020+2.1%+11.4%+43.3%
Q4 2019-5.0%-28.1%-6.1%
Q3 2019+6.1%+7.6%+13.3%
Q2 2019-0.2%+0.9%+13.7%
Q1 2019-0.3%-0.4%+0.3%
Q4 2018+0.3%+0.2%+0.7%
Q2 2018+0.7%+0.7%+1.2%
Q1 2018
Q4 2017

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