NASDAQ$RPAY

Repay Holdings Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong growth in card payment volume and gross profit, driven by organic growth and key partnerships.

REPAY reported a 62% increase in total revenue and a 69% increase in gross profit for the third quarter of 2021. The company experienced significant growth in card payment volume and adjusted EBITDA, driven by organic growth and key partnerships, particularly in the B2B business.

  • Card payment volume increased by 48% compared to the third quarter of 2020, reaching $5.6 billion.
  • Total revenue grew by 62% compared to the third quarter of 2020, totaling $61.1 million.
  • Gross profit increased by 69% compared to the third quarter of 2020, reaching $45.8 million.
  • Adjusted EBITDA increased by 73% compared to the third quarter of 2020, totaling $27.0 million.

Headline financials

Total Revenue

$61.1M

Previous: $37.6M+62.4%
EPS (adj)

$0.21

Previous: $0.12+75.0%
Adjusted EBITDA

$27M

Previous: $15.6M+73.1%
Capital Expenditures

-$1.93M

Previous: -$812K-137.6%
Free Cash Flow

-$8.19M

Previous: -$10.3M+20.6%
Net Income

-$6.27M

Previous: -$9.5M+34.1%
Operating Income

-$12.2M

Previous: -$13.1M+6.8%
Gross Profit

$45.8M

Previous: $27.1M+68.9%
Cash & Equivalents

$116M

Previous: $182M-36.1%
Total Assets

$1.65B

Previous: $1.09B+50.3%
Stock-Based Comp

$5.57M

No prior period

Revenue & EPS history

Repay · Revenue · Quarterly

$61.1M

Q3 2021+62.4%vs Q3 2020
Beat estimate in 8 of 13 quarters(62%)
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 card payment volume between $20.3 and $20.8 billion, total revenue between $216 and $222 million, gross profit between $161 and $166 million, and adjusted EBITDA between $93 and $96 million for the full year 2021.

Tailwinds

  • Card Payment Volume: $20.3 - 20.8 billion
  • Total Revenue: $216 - 222 million
  • Gross Profit: $161 - 166 million
  • Adjusted EBITDA: $93 - 96 million
  • Guidance assumes no further unforeseen COVID-related impacts

Headwinds

  • Unforeseen COVID-related impacts could create substantial economic duress
  • Difficult to reliably predict or estimate relevant components without unreasonable effort
  • Future uncertainties may potentially have significant impact on calculations
  • Providing them may imply a degree of precision that would be confusing or potentially misleading
  • REPAY does not provide quantitative reconciliation of forward-looking, non-GAAP financial measures

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 Q3 2021

Historical avgQ3 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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