Repay Q1 revenue rises, adjusted EBITDA beats on new clients & payment channels growth

Repay Holdings

04/05/2026 21:21

Overview

U.S. payment solutions provider's Q1 revenue grew 4% yr/yr, slightly missing analyst expectations

Adjusted EBITDA for Q1 beat analyst expectations

Company attributes growth to new enterprise clients and digital wallet adoption

Outlook

Repay expects 2026 revenue between $340 mln and $346 mln

Company raises 2026 Adjusted EBITDA outlook to $141 mln-$146 mln

Repay expects 2026 free cash flow conversion of 45%

Result Drivers

NEW CLIENTS & PAYMENT CHANNELS - Co said growth was driven by implementing new enterprise clients adopting more payment channels and modalities

DIGITAL WALLET ADOPTION - Co reported strong interest in its Digital Wallet capabilities as a growth driver

BUSINESS PAYMENTS SEGMENT - Business Payments revenue grew 18% yr/yr, outpacing Consumer Payments, per segment results

Company press release: ID:nBw7pZ7cVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$80.80 mln
$80.85 mln (6 Analysts)
Q1 Net Income
-$10 mln
Q1 Adjusted EBITDA
Beat
$34.40 mln
$33.32 mln (6 Analysts)
Q1 Gross Profit
$61.49 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for Repay Holdings Corp is $7.00, about 81.3% above its May 1 closing price of $3.86

The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)