Repay (RPAY) investor relations material

Executive summary

• Q1 2026 revenue reached $80.8 million, up 4–4.5% year-over-year, driven by new and existing client growth and strong operational execution.

• Adjusted EBITDA for Q1 2026 was $34.4 million, with a 43% margin and improved profitability.

• Net loss attributable to the company was $9.9–$10.0 million, with a loss per share of $0.12, reflecting higher interest expense and fair value adjustments.

• Announced a pending $372 million acquisition of KUBRA, expected to double revenue, expand market reach, and close in Q2 2026.

• Board unanimously rejected an unsolicited acquisition proposal, citing undervaluation.

Financial highlights

• Q1 2026 revenue was $80.8 million, up 4–4.5% year-over-year, with gross profit of $61.5 million and a stable 76% margin.

• Adjusted EBITDA reached $34.4 million, with a 43% margin; Adjusted Net Income was $19.4 million ($0.22 per share).

• Free cash flow was $5.4 million (16% conversion), turning positive from a negative prior year.

• Net loss widened to $10.0 million from $8.2 million in Q1 2025.

• Interest expense increased 24% year-over-year to $3.8 million.

Outlook and guidance

• 2026 revenue guidance: $340–$346 million (10–12% reported growth; 7–9% normalized, excluding political media).

• Adjusted EBITDA guidance raised to $141–$146 million (approx. 42% margin).

• Free cash flow conversion target set at 45%.

• Guidance excludes KUBRA acquisition contributions; KUBRA expected to close in Q2 2026 with committed financing.

• Expects to benefit from midterm election cycle, with $8–$10 million in political media revenue.