NASDAQ$RPAY

Repay Holdings Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

REPAY reported strong Q4 2022 results with significant growth in revenue and gross profit, driven by investments in sales, marketing, and product development.

REPAY's Q4 2022 financial results showcased strong performance across key metrics, with a 17% increase in revenue and a 22% increase in gross profit. The company's strategic focus on Consumer Payments and Business Payments segments positions it for continued growth in 2023 and beyond.

  • REPAY delivered strong performance across all key metrics in the fourth quarter, with Revenue and Gross Profit growth of 17% and 22%, respectively.
  • Business Payments volumes grew approximately 36% year-over-year.
  • Expanded AP supplier network to 160,000, an increase of approximately 45% year-over-year.
  • Increased instant funding volume by 50% year-over-year.

Headline financials

Total Revenue

$72.7M

Previous: $62.2M+16.8%
EPS (adj)

$0.23

Previous: $0.28-17.9%
Adjusted EBITDA

$36M

Previous: $27.8M+29.2%
Capital Expenditures

$553K

Previous: $934K-40.8%
Free Cash Flow

$21.3M

Previous: $20.9M+1.7%
Net Income

-$8.17M

Previous: -$17.4M+53.1%
Operating Income

-$18.3M

Previous: -$20.7M+11.5%
Gross Profit

$57.8M

Previous: $47.2M+22.4%
Cash & Equivalents

$64.9M

Previous: $50M+29.7%
Total Assets

$1.63B

Previous: $1.69B-3.5%
Stock-Based Comp

$5.99M

Previous: $6.08M-1.5%

Revenue & EPS history

Repay · Revenue · Quarterly

$72.7M

Q4 2022+16.8%vs Q4 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Repay · $76.6M total across 2 segments · Q4 2022

  • Consumer Payments
    $64.3M
  • Business Payments
    $12.3M

Forward guidance

REPAY expects to achieve double digit organic gross profit growth in 2023 and Adjusted Free Cash Flow conversion to remain strong, accelerating throughout the year into 2024.

Tailwinds

  • Continue to invest in growth opportunities across our Consumer and Business Payments segments
  • Achieve double digit organic gross profit growth
  • Adjusted Free Cash Flow conversion to remain strong in 2023
  • Realize the benefits from the investments we have been making in sales, product, and technology over the past several years.
  • Adjusted Free Cash Flow conversion accelerating throughout the year into 2024

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 Q4 2022

Historical avgQ4 2022

+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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