NASDAQ$RPAY

Repay Holdings Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported an 11% growth in gross profit and a 13% growth in organic gross profit year-over-year, while reiterating the full year 2023 outlook.

REPAY's Q1 2023 results showed a 10% increase in revenue and an 11% increase in gross profit. The Consumer Payments segment experienced strong organic gross profit growth, and the company expanded its AP supplier network. REPAY reaffirms its full year 2023 outlook.

  • Achieved 13% year-over-year organic gross profit growth.
  • Consumer Payments organic gross profit grew by approximately 17% year-over-year.
  • Expanded AP supplier network to 174,000, a 37% year-over-year increase.
  • Increased instant funding volume by 45% year-over-year.

Headline financials

Total Revenue

$74.5M

Previous: $67.6M+10.3%
EPS (adj)

$0.20

Previous: $0.19+5.3%
Adjusted EBITDA

$31.2M

Previous: $29.3M+6.4%
Capital Expenditures

-$528K

Previous: -$553K+4.6%
Free Cash Flow

-$26.9M

Previous: $13.1M-305.5%
Net Income

-$26.4M

Previous: $13.7M-293.3%
Operating Income

-$18M

Previous: -$6.91M-160.0%
Gross Profit

$56.6M

Previous: $51M+10.9%
Cash & Equivalents

$91.7M

Previous: $65.3M+40.5%
Total Assets

$1.58B

Previous: $1.67B-5.2%
Stock-Based Comp

$4.05M

Previous: $3.09M+31.0%

Revenue & EPS history

Repay · Revenue · Quarterly

$74.5M

Q1 2023+10.3%vs Q1 2022
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Repay · $78.6M total across 2 segments · Q1 2023

  • Consumer Payments
    $69.9M
  • Business Payments
    $8.68M

Forward guidance

REPAY reaffirms its previously provided outlook for full year 2023.

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 2023

Historical avgQ1 2023

+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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