NASDAQ$RPAY
Repay Holdings Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported a strong start to the year with gross profit growth and expanding margins.
REPAY reported a solid first quarter with an 8% increase in revenue and a 9% increase in gross profit. The company is reiterating its 2024 outlook, expecting an acceleration in free cash flow conversion.
- Achieved 11% year-over-year organic gross profit growth.
- Experienced approximately 11% year-over-year organic gross profit growth in Consumer Payments.
- Experienced approximately 17% year-over-year organic gross profit growth in Business Payments.
- Expanded AP supplier network by approximately 60% year-over-year, reaching over 279,000.
Headline financials
Revenue & EPS history
Repay · Revenue · Quarterly
$80.7M
Revenue by segment
Repay · $78.4M total across 2 segments · Q3 2023
- Consumer Payments$68.7M—87.6%
- Business Payments$9.7M—12.4%
Forward guidance
REPAY reaffirms its full year 2024 outlook, expecting Adjusted EBITDA to grow faster than gross profit and an acceleration of free cash flow conversion.
Tailwinds
- Revenue: $314 - 320 million
- Gross Profit: $245 - 250 million
- Adjusted EBITDA: $139 - 142 million
- Free Cash Flow Conversion: ~60%
- Reducing overall capex spending
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 2024
+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
| Quarter | Report date | Reaction (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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