Tearsheet

Repay (RPAY)


Market Price (7/10/2026): $4.055 | Market Cap: $334.6 MilSector: Information Technology | Industry: Systems Software

Repay (RPAY)


Market Price (7/10/2026): $4.055
Market Cap: $334.6 Mil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%

Attractive yield
FCF Yield is 12%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, Cloud Computing, and E-commerce & Digital Retail. Themes include Digital Payments, Show more.

Weak multi-year price returns
2Y Excs Rtn is -93%, 3Y Excs Rtn is -118%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -8.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.7%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 106%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -81%

Key risks
RPAY key risks include [1] a high revenue concentration (approx. Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
1 Attractive yield
FCF Yield is 12%
2 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, Cloud Computing, and E-commerce & Digital Retail. Themes include Digital Payments, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -93%, 3Y Excs Rtn is -118%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -8.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.7%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 106%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -81%
7 Key risks
RPAY key risks include [1] a high revenue concentration (approx. Show more.

RPAY in ETFs

Weight = RPAY's share of each fund

VTI0.00%
ITOT0.00%
IWM0.01%
IWN0.02%
VTWO0.01%
SCHA0.01%
IWV0.00%
SCHB0.00%
+2 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/9/2026

Repay (RPAY) stock has gained about 55% since 3/31/2026 because of the following key factors:

1. Successful Acquisition of KUBRA and Enhanced Financial Outlook.

REPAY announced the agreement to acquire KUBRA for $372 million on March 31, 2026, and completed the acquisition on June 1, 2026. This strategic move is expected to significantly expand REPAY's bill payment capabilities and addressable market. Post-acquisition, REPAY substantially raised its full-year 2026 guidance, now projecting revenue between $490 million and $500 million, and Adjusted EBITDA between $168.5 million and $176 million, including KUBRA's contribution. This represents a considerable increase from the prior 2026 Adjusted EBITDA outlook of $141 million to $146 million (excluding KUBRA).

2. Strong Fiscal Q1 2026 Performance and Increased Profitability Expectations.

REPAY reported robust financial results for fiscal Q1 2026 (ended March 31, 2026) on May 4, 2026. The company posted revenue of $80.8 million, representing 4% year-over-year growth, slightly exceeding analyst consensus estimates. Additionally, REPAY reported Q1 2026 Adjusted EBITDA of $34.4 million, achieving approximately 43% Adjusted EBITDA margins. Building on this strong performance, the company raised its full-year 2026 Adjusted EBITDA outlook to $141 million to $146 million, implying approximately 42% Adjusted EBITDA margins, even before factoring in the KUBRA acquisition.

Show more
Updated on 7/9/2026

Repay (RPAY) stock has gained about 55% since 3/31/2026 because of the following key factors:

1. Successful Acquisition of KUBRA and Enhanced Financial Outlook.

REPAY announced the agreement to acquire KUBRA for $372 million on March 31, 2026, and completed the acquisition on June 1, 2026. This strategic move is expected to significantly expand REPAY's bill payment capabilities and addressable market. Post-acquisition, REPAY substantially raised its full-year 2026 guidance, now projecting revenue between $490 million and $500 million, and Adjusted EBITDA between $168.5 million and $176 million, including KUBRA's contribution. This represents a considerable increase from the prior 2026 Adjusted EBITDA outlook of $141 million to $146 million (excluding KUBRA).

2. Strong Fiscal Q1 2026 Performance and Increased Profitability Expectations.

REPAY reported robust financial results for fiscal Q1 2026 (ended March 31, 2026) on May 4, 2026. The company posted revenue of $80.8 million, representing 4% year-over-year growth, slightly exceeding analyst consensus estimates. Additionally, REPAY reported Q1 2026 Adjusted EBITDA of $34.4 million, achieving approximately 43% Adjusted EBITDA margins. Building on this strong performance, the company raised its full-year 2026 Adjusted EBITDA outlook to $141 million to $146 million, implying approximately 42% Adjusted EBITDA margins, even before factoring in the KUBRA acquisition.

3. Significant Insider Buying Activity and Acquisition Proposals.

During the period, Forager Fund, L.P., a significant shareholder, demonstrated strong confidence in REPAY by purchasing 2,506,548 shares for an estimated $6,647,869 within the last six months, exceeding the $5 million threshold. This insider buying activity coincided with Forager Capital Management submitting unsolicited, non-binding proposals to acquire all outstanding shares of REPAY. While an initial offer of $4.80 per share was rejected by the Board on May 4, 2026, as undervalued, a revised proposal of $5.25 per share was confirmed on June 29, 2026, and is under review.

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Stock Movement Drivers

Fundamental Drivers

The 56.2% change in RPAY stock from 3/31/2026 to 7/9/2026 was primarily driven by a 55.3% change in the company's P/S Multiple.
(LTM values as of)33120267092026Change
Stock Price ($)2.604.0656.2%
Change Contribution By: 
Total Revenues ($ Mil)3093131.1%
P/S Multiple0.71.155.3%
Shares Outstanding (Mil)8283-0.5%
Cumulative Contribution56.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/9/2026
ReturnCorrelation
RPAY56.2% 
Market (SPY)15.6%31.8%
Sector (XLK)39.5%15.8%

Fundamental Drivers

The 11.2% change in RPAY stock from 12/31/2025 to 7/9/2026 was primarily driven by a 9.8% change in the company's P/S Multiple.
(LTM values as of)123120257092026Change
Stock Price ($)3.654.0611.2%
Change Contribution By: 
Total Revenues ($ Mil)3093131.2%
P/S Multiple1.01.19.8%
Shares Outstanding (Mil)83830.1%
Cumulative Contribution11.2%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/9/2026
ReturnCorrelation
RPAY11.2% 
Market (SPY)10.5%24.4%
Sector (XLK)28.9%14.1%

Fundamental Drivers

The -15.8% change in RPAY stock from 6/30/2025 to 7/9/2026 was primarily driven by a -22.7% change in the company's P/S Multiple.
(LTM values as of)63020257092026Change
Stock Price ($)4.824.06-15.8%
Change Contribution By: 
Total Revenues ($ Mil)3103131.0%
P/S Multiple1.41.1-22.7%
Shares Outstanding (Mil)89837.9%
Cumulative Contribution-15.8%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/9/2026
ReturnCorrelation
RPAY-15.8% 
Market (SPY)22.7%28.1%
Sector (XLK)47.0%17.5%

Fundamental Drivers

The -48.1% change in RPAY stock from 6/30/2023 to 7/9/2026 was primarily driven by a -55.8% change in the company's P/S Multiple.
(LTM values as of)63020237092026Change
Stock Price ($)7.834.06-48.1%
Change Contribution By: 
Total Revenues ($ Mil)2863139.3%
P/S Multiple2.41.1-55.8%
Shares Outstanding (Mil)89837.4%
Cumulative Contribution-48.1%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/9/2026
ReturnCorrelation
RPAY-48.1% 
Market (SPY)75.6%36.2%
Sector (XLK)117.2%26.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RPAY Return-33%-56%6%-11%-52%7%-86%
Peers Return1%-24%20%31%-36%-13%-33%
S&P 500 Return27%-19%24%23%16%9%99%

Monthly Win Rates [3]
RPAY Win Rate42%25%58%33%42%43% 
Peers Win Rate40%42%57%58%42%46% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
RPAY Max Drawdown-41%-78%-45%-31%-61%-37% 
Peers Max Drawdown-38%-43%-34%-27%-51%-33% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: GPN, FISV, FOUR, BILL, ACIW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/9/2026 (YTD)

How Low Can It Go

EventRPAYS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-28.3%-9.5%
  % Gain to Breakeven39.4%10.5%
  Time to Breakeven49 days24 days
2023 SVB Regional Banking Crisis
  % Loss-40.4%-6.7%
  % Gain to Breakeven67.8%7.1%
  Time to Breakeven304 days31 days
2020 COVID-19 Crash
  % Loss-41.5%-33.7%
  % Gain to Breakeven70.9%50.9%
  Time to Breakeven53 days140 days

Compare to GPN, FISV, FOUR, BILL, ACIW

In The Past

Repay's stock fell -28.3% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 39.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventRPAYS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-28.3%-9.5%
  % Gain to Breakeven39.4%10.5%
  Time to Breakeven49 days24 days
2023 SVB Regional Banking Crisis
  % Loss-40.4%-6.7%
  % Gain to Breakeven67.8%7.1%
  Time to Breakeven304 days31 days
2020 COVID-19 Crash
  % Loss-41.5%-33.7%
  % Gain to Breakeven70.9%50.9%
  Time to Breakeven53 days140 days

Compare to GPN, FISV, FOUR, BILL, ACIW

In The Past

Repay's stock fell -28.3% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 39.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Repay (RPAY)

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Repay Holdings Corporation (RPAY) is a payment processing company that delivers integrated solutions designed to facilitate electronic payments for both consumers and businesses. The company focuses on specific industry verticals, aiming to streamline and modernize payment collection and disbursement processes for its clients.

Repay's core offerings encompass a wide array of electronic payment methods. These include the processing of credit and debit card transactions, virtual credit cards, and various types of Automated Clearing House (ACH) payments, such as enhanced ACH and instant funding. These solutions are accessible through multiple proprietary channels, including web platforms, mobile applications, text-to-pay services, interactive voice response (IVR) systems, and traditional point-of-sale (POS) terminals.

The company primarily serves customers within specialized markets, with a strong focus on verticals such as personal loans, automotive loans, and receivables management. Additionally, Repay provides its payment processing expertise to the business-to-business (B2B) sector. Repay distributes its services through direct sales efforts and strategic partnerships with software integrators, embedding its payment capabilities into its clients' operational ecosystems.

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AI Analysis | Feedback

Here are a few analogies for Repay (RPAY):

  • Like Stripe or Square, but specifically for businesses in industries like personal loans, automotive loans, and B2B.
  • Think of it as PayPal's payment processing capabilities, but deeply integrated into the software systems of companies in the lending and B2B sectors.

AI Analysis | Feedback

  • Credit and Debit Processing: Solutions for processing payments made using traditional credit and debit cards.
  • Virtual Credit Card Processing: Services for handling payments executed through virtual credit card numbers.
  • Automated Clearing House (ACH) Processing: Facilitates electronic funds transfers directly between bank accounts.
  • Enhanced ACH Processing: An advanced form of Automated Clearing House processing with potentially added features or capabilities.
  • Instant Funding: Solutions designed to enable immediate disbursement of funds to recipients.

AI Analysis | Feedback

Repay Holdings Corporation (RPAY) sells its payment processing solutions primarily to other businesses (B2B). While specific names of major customer companies are not provided in the background information, Repay serves customers primarily operating in the following business verticals:
  • Personal loans
  • Automotive loans
  • Receivables management
  • Business-to-business (B2B)

AI Analysis | Feedback

  • Visa Inc. (V)
  • Mastercard Incorporated (MA)
  • Discover Financial Services (DFS)
  • American Express Company (AXP)

AI Analysis | Feedback

John Morris, Chief Executive Officer and Co-Founder

John Morris co-founded REPAY in 2006 and oversees the company's overall strategic and financial direction. Prior to REPAY, he co-founded and served as President of Security Check Atlanta, a check verification and payment processor, which was sold in 2008. He also held corporate finance positions at Bass Hotels and Resorts. REPAY received a significant private equity investment from Corsair Capital in 2016, and private equity recapitalizations before 2019 provided partial liquidity for the founders.

Robert Houser, Chief Financial Officer

Robert Houser joined REPAY as Chief Financial Officer in 2025, overseeing the company's financial and strategy functions. He brings over a decade of divisional CFO and operational experience within the payment industry. Prior to joining REPAY, Mr. Houser served as Group CFO and Advisor at Conduent Incorporated, and previously as Conduent's Global Head of Strategy, Corporate Development and Advisor to CEO. Before Conduent, he spent seven years at Fiserv, Inc., holding positions as Senior Vice President, General Manager, and CFO across multiple divisions. He began his career as an auditor for KPMG LLP.

David Guthrie, Chief Technology Officer

David Guthrie serves as REPAY's Chief Technology Officer, overseeing the company's technology vision and strategy. He joined REPAY from Sharecare, where he was Chief Information Officer and Chief Information Security Officer. Previously, he held leadership roles with various private and public companies, including Chief Technology Officer of MedCast/WebMD, which was sold to WebMD for $250 million. He was also Chief Technology Officer of PGi, which was sold in 2015 for over $1 billion. Mr. Guthrie was a partner at Fuqua Ventures, investing in early-stage technology and life science companies. He also co-founded ISSI, a custom software development firm, and later sold his portion of the company.

Darin Horrocks, Executive Vice President, Business Payments

Darin Horrocks oversees REPAY's business payments strategy. Prior to joining REPAY, Mr. Horrocks founded cPayPlus, a business focused on simplifying vendor and supplier payments. cPayPlus was acquired by REPAY in July 2021 and forms the foundation for REPAY's AP automation solution. Before founding cPayPlus, he held transformative roles in the corporate payments industry at Comdata, American Express, and GE Capital.

Naomi Barnett, Executive Vice President, Human Resources

Naomi Barnett provides strategic HR leadership and alignment for REPAY's people management strategy. Before joining REPAY, Ms. Barnett held various positions as the Head of Human Resources for fast-growing, pre- and post-IPO businesses at Patriot National, Inc., an insurance technology company, and Gold Star Mortgage Financial Group.

AI Analysis | Feedback

The key risks to Repay Holdings Corporation (RPAY) primarily revolve around the dynamic and highly regulated nature of the payment processing industry, intense market competition, and operational dependencies.

  1. Regulatory and Legal Environment: Repay operates within a complex and evolving regulatory landscape in the payments industry, facing inherent uncertainties and potential new requirements. The company may be required to obtain additional licenses, such as state money transmission licenses, which could constrain or complicate its operational activities in various markets. Furthermore, Repay has experienced, and may continue to encounter, litigation and regulatory investigations, which could result in significant costs and reputational damage.
  2. Intense Competition and Technology Adaptation: The payment processing industry is characterized by significant competition and rapid technological advancements. Repay's ability to maintain and grow its business depends on its capacity to innovate and keep pace with these changes, as well as shifts in the vertical markets it serves. Failure to adapt to new technologies or to successfully compete could lead to a decline in revenue and market share. Additionally, if the adoption of electronic payments in their target vertical markets slows or if there are adverse trends in the broader electronic payment industry, Repay's business and financial performance could be negatively impacted.
  3. Reliance on Third-Party Providers and Network Fee Pressures: Repay's operations heavily depend on various third-party service and technology providers. Any failure or discontinuation of services from these critical partners could disrupt Repay's ability to deliver its services to clients. Moreover, Repay is exposed to pressures from interchange and payment network fees. An inability to pass on increases in these fees to its clients could materially and adversely affect the company's operating results and overall financial condition.

AI Analysis | Feedback

The clear emerging threat for Repay (RPAY) is the accelerating trend of vertical SaaS (Software as a Service) platforms and other industry-specific software providers integrating payment processing directly into their core offerings. This shift, often referred to as embedded finance, could allow Repay's "software integration partners" or the underlying platforms in its target markets (personal loans, automotive loans, receivables management, and business-to-business) to become payment facilitators themselves. By offering native payment solutions, these platforms could reduce their reliance on third-party processors like Repay, potentially disintermediating Repay from its direct merchant relationships and increasing competitive pressure by commoditizing payment services as a feature within broader software ecosystems.

AI Analysis | Feedback

Repay (RPAY) operates in the integrated payment processing solutions market, serving various industry verticals primarily in the United States and Canada.

Addressable Market Sizes:

  • Global Payment Processing Solutions Market: The global payment processing solutions market was valued at approximately $66.8 billion in 2024 and is projected to grow to around $198.9 billion by 2034, at a compound annual growth rate (CAGR) of 11.7% from 2025 to 2034. North America accounted for approximately 35% of this market in 2024.
  • Business-to-Business (B2B) Payments Transaction Market: Repay has a significant presence in the B2B payments sector. The global B2B payments transaction market size was approximately $1.58 trillion in 2024 and is expected to exceed $3.79 trillion by 2034, growing at a CAGR of 9.14% from 2025 to 2034.
    In North America, the B2B payments transaction market surpassed $660 billion in 2024 and is projected to grow at a CAGR of 9.20% during the forecast period.
    Specifically, for the U.S., the B2B payments transaction market size was estimated at $460 billion in 2024 and is projected to reach approximately $1,160 billion by 2034, with a CAGR of 9.69% from 2025 to 2034.
  • Personal Loans, Automotive Loans, and Receivables Management Verticals (Payment Processing): Specific addressable market sizes for payment processing within the individual personal loans, automotive loans, and receivables management verticals were not explicitly available in the provided information. Repay's Consumer Payments segment serves these markets, alongside credit unions, mortgage servicing, and consumer healthcare. Repay holds an estimated 5-7% market share within its core verticals of automotive lending and receivables management in North America as of mid-2025.

AI Analysis | Feedback

Here are the expected drivers of future revenue growth for Repay (RPAY) over the next 2-3 years:

  1. Expansion of the Business Payments Segment and Supplier Network: Repay anticipates significant growth from its Business Payments segment, driven by continued expansion of its supplier network and new client acquisitions in verticals such as healthcare and hospitality. In Q4 2025, the business payments segment showed a 41% normalized revenue increase and a 73% rise in gross profit, largely due to adding over 240,000 suppliers during 2025, bringing the total to 602,000 suppliers and 105 software partners.

  2. Growth in Software Partnerships and Deeper Integrations: The company is focused on enhancing its existing integrations and expanding its network of software partners across both consumer and business payment segments. Repay increased its consumer software partnerships to 189 and is continuously improving integrations to provide better client and consumer experiences. A new integration with Emotive software for the automotive finance sector was also highlighted.

  3. Product Innovation and Modernization Initiatives: Repay is investing in new product development and modernization efforts, including the application of artificial intelligence (AI) and automation. Key initiatives include AI assist for client onboarding, AI middleware for tech migrations, and the upcoming rollout of "Repay Voice," an interactive voice response (IVR) product expected in 2026 to enhance customer experience and operational efficiency. Furthermore, modernization efforts encompass expanded enhanced Automated Clearing House (ACH) offerings, instant funding capabilities, and increased TotalPay adoption.

  4. Organic Growth from Existing and New Clients: Repay's growth strategy is built on securing new clients and increasing transaction volumes with existing ones. The company's 2026 outlook projects sustained growth from both new and established clients leveraging its platform. Repay is making incremental investments in its sales, implementation, and client service teams to support these future growth initiatives, with management noting gaining momentum in bookings.

  5. Leveraging the Secular Digital Payments Tailwind: Repay expects to benefit from the broader industry trend of increasing adoption of digital payments. This secular shift provides a favorable market environment for the company's integrated payment processing solutions, supporting its long-term revenue growth algorithm.

AI Analysis | Feedback

Share Repurchases

  • In May 2022, Repay's Board of Directors authorized a share repurchase program to purchase up to $50 million of the company's Class A common stock.
  • The share repurchase program was increased to an authorization of up to $75 million in May 2025.
  • As of May 2025, approximately $61.2 million in capacity remained for share repurchases under the increased program.
  • In July 2024, approximately $40.0 million from the offering of 2029 Notes was used to repurchase around 3.9 million shares of Class A common stock.

Share Issuance

  • Repay issued $228 million in newly issued shares of Class A common stock to the seller as part of the approximately $503 million acquisition of BillingTree in May 2021.
  • Approximately 10,051,302 shares of Class A common stock were issued as part of the consideration for the acquisition of Electronic Payment Providers, Inc. in June 2021.

Outbound Investments

  • Repay acquired BillingTree, an integrated payments provider, for approximately $503 million in May 2021.
  • In June 2021, Repay acquired Kontrol Payables, an accounts payable automation solutions provider, for up to $11 million, with $8 million paid at closing.
  • Repay acquired Payix, a payment processing solution for lenders and auto dealers, in January 2022 for $95 million.

Capital Expenditures

  • Capital expenditures are a component in the calculation of Free Cash Flow, which is defined as net cash flow provided by operating activities less total capital expenditures.
  • Repay may incur additional borrowings for general corporate purposes, including working capital and capital expenditures.

Better Bets vs. Repay (RPAY)

Latest Trefis Analyses

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

RPAYGPNFISVFOURBILLACIWMedian
NameRepay Global P.Fiserv Shift4 P.BILL ACI Worl. 
Mkt Price4.0674.3851.6549.2940.5256.4050.47
Mkt Cap0.320.327.63.64.05.74.9
Rev LTM3138,86721,0904,4531,6001,7913,122
Op Inc LTM-81,0805,158365-47329347
FCF LTM401,0614,127391327270359
FCF 3Y Avg561,7754,162299300251299
CFO LTM1051,8136,013672389309530
CFO 3Y Avg1142,4595,775512338291425

Growth & Margins

RPAYGPNFISVFOURBILLACIWMedian
NameRepay Global P.Fiserv Shift4 P.BILL ACI Worl. 
Rev Chg LTM1.0%14.8%1.9%28.3%12.5%7.1%9.8%
Rev Chg 3Y Avg3.0%0.0%5.2%27.7%18.7%8.9%7.0%
Rev Chg Q4.5%63.1%-2.0%32.2%13.5%7.9%10.7%
QoQ Delta Rev Chg LTM1.1%14.9%-0.5%6.5%3.1%1.8%2.4%
Op Inc Chg LTM5.2%-36.8%-15.1%46.4%41.2%-7.9%-1.3%
Op Inc Chg 3Y Avg37.2%-10.0%11.3%63.4%47.9%33.3%35.3%
Op Mgn LTM-2.7%12.2%24.5%8.2%-2.9%18.4%10.2%
Op Mgn 3Y Avg-4.1%18.6%26.7%7.1%-7.3%19.0%12.9%
QoQ Delta Op Mgn LTM1.2%-6.8%-2.4%0.1%2.3%-0.4%-0.1%
CFO/Rev LTM33.7%20.4%28.5%15.1%24.3%17.2%22.4%
CFO/Rev 3Y Avg36.8%31.1%28.2%14.3%23.7%17.7%26.0%
FCF/Rev LTM12.8%12.0%19.6%8.8%20.4%15.1%13.9%
FCF/Rev 3Y Avg18.3%22.6%20.3%8.4%21.1%15.2%19.3%

Valuation

RPAYGPNFISVFOURBILLACIWMedian
NameRepay Global P.Fiserv Shift4 P.BILL ACI Worl. 
Mkt Cap0.320.327.63.64.05.74.9
P/S1.12.31.30.82.53.21.8
P/Op Inc-39.818.85.49.9-85.417.57.6
P/EBIT-1.313.55.19.1164.016.911.3
P/E-1.3-28.88.630.924,530.727.918.3
P/CFO3.211.24.65.410.418.67.9
Total Yield-77.2%-2.3%11.6%3.2%0.0%3.6%1.6%
Dividend Yield0.0%1.2%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg13.4%7.1%7.1%7.4%6.3%5.7%7.1%
D/E1.21.21.11.30.50.11.1
Net D/E1.10.91.01.1-0.10.11.0

Returns

RPAYGPNFISVFOURBILLACIWMedian
NameRepay Global P.Fiserv Shift4 P.BILL ACI Worl. 
1M Rtn18.4%17.0%-4.4%29.3%18.9%32.3%18.6%
3M Rtn42.0%13.3%-8.4%16.7%12.0%38.4%15.0%
6M Rtn6.8%-4.8%-25.7%-25.4%-25.7%20.8%-15.1%
12M Rtn-19.8%-6.6%-69.8%-52.9%-15.1%24.1%-17.4%
3Y Rtn-47.2%-27.7%-59.3%-27.7%-65.8%151.3%-37.5%
1M Excs Rtn15.8%13.9%-3.9%29.0%13.4%30.7%14.9%
3M Excs Rtn38.0%3.5%-20.0%5.7%-4.8%25.1%4.6%
6M Excs Rtn2.9%-11.4%-33.5%-33.8%-35.4%15.4%-22.4%
12M Excs Rtn-40.5%-27.7%-90.9%-73.1%-37.4%1.6%-38.9%
3Y Excs Rtn-118.2%-94.1%-128.3%-96.5%-134.7%72.8%-107.4%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Consumer Payments286281276248194
Business Payments4853384334
Elimination of intersegment revenues-25-21-17-12-9
Total309313297279219


Assets by Segment
$ Mil2018
Merchant services263
Total263


Price Behavior

Price Behavior
Market Price$4.06 
Market Cap ($ Bil)0.3 
First Trading Date07/17/2018 
Distance from 52W High-31.9% 
   50 Days200 Days
DMA Price$3.64$3.66
DMA Trenddownup
Distance from DMA11.7%11.0%
 3M1YR
Volatility95.6%71.5%
Downside Capture109.93203.98
Upside Capture205.57131.69
Correlation (SPY)26.7%27.9%
RPAY Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta2.141.191.061.441.581.32
Up Beta4.572.560.630.520.991.05
Down Beta1.981.781.421.601.961.52
Up Capture226%82%139%193%151%128%
Bmk +ve Days11244067140429
Stock +ve Days8213462122363
Down Capture103%27%79%148%148%110%
Bmk -ve Days10172358112321
Stock -ve Days12182759122372

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RPAY
RPAY-19.4%71.4%-0.01-
Sector ETF (XLK)45.4%24.3%1.4917.5%
Equity (SPY)22.3%12.5%1.3328.2%
Gold (GLD)24.4%27.8%0.771.2%
Commodities (DBC)23.6%18.7%1.00-14.3%
Real Estate (VNQ)13.2%13.9%0.6518.0%
Bitcoin (BTCUSD)-42.8%42.8%-1.1817.7%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RPAY
RPAY-29.9%60.5%-0.36-
Sector ETF (XLK)21.1%25.5%0.7438.0%
Equity (SPY)13.4%17.1%0.6144.5%
Gold (GLD)18.0%18.3%0.803.3%
Commodities (DBC)7.5%19.5%0.284.8%
Real Estate (VNQ)2.9%18.9%0.0637.4%
Bitcoin (BTCUSD)12.3%53.5%0.4221.3%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RPAY
RPAY-8.1%54.8%0.02-
Sector ETF (XLK)25.6%24.7%0.9341.1%
Equity (SPY)15.8%17.9%0.7545.4%
Gold (GLD)11.7%16.1%0.595.7%
Commodities (DBC)6.1%18.0%0.2711.1%
Real Estate (VNQ)5.2%20.7%0.2238.9%
Bitcoin (BTCUSD)58.0%66.2%0.9819.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity4.8 Mil
Short Interest: % Change Since 53120260.3%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest9.3 days
Basic Shares Quantity82.5 Mil
Short % of Basic Shares5.8%

Earnings Returns History

Updated 6/15/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/4/2026-10.8%-16.2%-8.8%
3/9/20268.2%-5.3%-3.2%
11/10/20251.3%-10.2%-7.2%
8/11/2025-0.2%3.2%5.6%
5/12/2025-2.2%2.0%27.5%
3/3/2025-14.2%-19.2%-20.8%
11/12/2024-1.4%-10.2%-7.3%
8/8/2024-10.1%-8.9%-12.1%
...
SUMMARY STATS   
# Positive111012
# Negative131412
Median Positive8.8%9.4%9.3%
Median Negative-5.7%-9.3%-8.0%
Max Positive50.7%86.5%85.4%
Max Negative-20.8%-19.2%-28.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/4/2026-10.8%-16.2%-8.8%
3/9/20268.2%-5.3%-3.2%
11/10/20251.3%-10.2%-7.2%
8/11/2025-0.2%3.2%5.6%
5/12/2025-2.2%2.0%27.5%
3/3/2025-14.2%-19.2%-20.8%
11/12/2024-1.4%-10.2%-7.3%
8/8/2024-10.1%-8.9%-12.1%
5/9/2024-2.4%-4.6%1.1%
2/29/202413.8%10.1%24.1%
11/9/20234.4%16.0%22.9%
8/9/20238.8%7.5%0.7%
5/10/20235.2%10.3%12.9%
3/1/2023-4.6%-3.0%-24.4%
11/9/202250.7%86.5%85.4%
8/9/2022-20.8%-17.2%-28.6%
5/10/2022-17.2%-9.8%2.2%
3/1/20229.1%-5.0%-3.1%
11/9/202113.4%13.1%0.9%
8/9/2021-5.7%-8.5%-6.0%
5/10/20214.7%8.6%14.0%
3/1/202110.5%0.6%1.9%
11/9/2020-11.6%-14.2%-9.8%
8/10/2020-0.2%-2.9%-2.4%
SUMMARY STATS   
# Positive111012
# Negative131412
Median Positive8.8%9.4%9.3%
Median Negative-5.7%-9.3%-8.0%
Max Positive50.7%86.5%85.4%
Max Negative-20.8%-19.2%-28.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/04/202610-Q
12/31/202503/09/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/12/202510-Q
12/31/202403/03/202510-K
09/30/202411/12/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202302/29/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/01/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/04/202610-Q
12/31/202503/09/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/12/202510-Q
12/31/202403/03/202510-K
09/30/202411/12/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202302/29/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/01/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q
12/31/202103/01/202210-K
09/30/202111/09/202110-Q
06/30/202108/09/202110-Q
03/31/202105/10/202110-Q
12/31/202003/01/202110-K
09/30/202011/10/202010-Q
06/30/202008/10/202010-Q
03/31/202005/11/202010-Q
12/31/201903/16/202010-K
09/30/201911/14/201910-Q
06/30/201907/10/201910-Q

Recent Forward Guidance

Updated 7/8/2026

Latest: Q1 2026 Earnings Reported 5/4/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue340.00 Mil343.00 Mil346.00 Mil0 AffirmedGuidance: 343.00 Mil for 2026
2026 Adjusted EBITDA141.00 Mil143.50 Mil146.00 Mil3.2% RaisedGuidance: 139.00 Mil for 2026
2026 Free Cash Flow Conversion 0.45  0AffirmedGuidance: 0.45 for 2026
2026 Adjusted EBITDA Margin 42.0%    

Prior: Q4 2025 Earnings Reported 3/9/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue340.00 Mil343.00 Mil346.00 Mil   
2026 Revenue Growth10.0%11.0%12.0%   
2026 Adjusted EBITDA136.50 Mil139.00 Mil141.50 Mil   
2026 Free Cash Flow Conversion 0.45    

Insider Activity

Updated 6/12/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Forager, Fund, LPDirectBuy40920262.6878,991211,69629,765,817Form
2Forager, Fund, LPDirectBuy40920262.57484,7201,245,73028,341,078Form
3Forager, Fund, LPDirectBuy40920262.42350,000847,00025,513,908Form
4Forager, Fund, LPDirectBuy40320262.53461,6091,167,87125,788,131Form
5Forager, Fund, LPDirectBuy40320262.54488,3911,240,51324,717,573Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Forager, Fund, LPDirectBuy40920262.6878,991211,69629,765,817Form
2Forager, Fund, LPDirectBuy40920262.57484,7201,245,73028,341,078Form
3Forager, Fund, LPDirectBuy40920262.42350,000847,00025,513,908Form
4Forager, Fund, LPDirectBuy40320262.53461,6091,167,87125,788,131Form
5Forager, Fund, LPDirectBuy40320262.54488,3911,240,51324,717,573Form
6Forager, Fund, LPDirectBuy32720263.05180,858551,61728,190,958Form
7Forager, Fund, LPDirectBuy32720263.04287,200873,08827,548,720Form
8Forager, Fund, LPDirectBuy32720262.92174,779510,35525,622,647Form
9Thornburgh, Richard E DirectSell111920253.504,50015,750460,096Form
10Moore, Jacob HamiltonExecutive Vice PresidentDirectSell91620255.8926,385155,4081,139,903Form
Core Cache Last Updated: 7/9/2026