REPAY Releases Preliminary Q1 2026 Results and Raises Full-Year Adjusted EBITDA Outlook
REPAY (NASDAQ: RPAY) Announces Preliminary Q1 2026 Results and Raises Full-Year Adjusted EBITDA Guidance
ATLANTA, April 27, 2026 – Repay Holdings Corporation (“REPAY”), a leading provider of vertically-integrated payment solutions, has released its preliminary, unaudited financial results for the first quarter ended March 31, 2026. The company also announced an upward revision to its full-year 2026 Adjusted EBITDA outlook, a move that could be of significant interest to shareholders and investors.
Key Highlights for Q1 2026
- Revenue: Expected to range between \$80.5 million and \$81.0 million, representing approximately 4% growth year-over-year.
- Consumer Payments Revenue: Grew by approximately 4% year-over-year.
- Business Payments Revenue: Saw a robust increase of approximately 18% year-over-year.
- Adjusted EBITDA: Anticipated between \$33.8 million and \$34.3 million, reflecting a strong Adjusted EBITDA margin of approximately 42%.
- Free Cash Flow: Estimated at \$5.0 million to \$5.5 million, with roughly 15% Free Cash Flow Conversion. Management notes that Free Cash Flow is affected by the seasonality of interest payments, working capital timing, and annual incentive payments.
- Strategic Transaction: During the quarter, REPAY completed a buyout of a strategic distribution partner, resulting in a one-time cash payment and a positive impact on Adjusted EBITDA.
Updated Full-Year 2026 Outlook
|
Initial FY2026 Outlook |
Updated FY2026 Outlook |
| Revenue |
\$340 – \$346 million |
\$340 – \$346 million |
| Adjusted EBITDA |
\$136.5 – \$141.5 million |
\$141 – \$146 million |
| Free Cash Flow Conversion |
45% |
45% |
Note: The updated outlook does not include any potential contributions from the pending KUBA acquisition.
Details Investors Should Note
- Margin Expansion: The raised Adjusted EBITDA guidance now implies an improvement to approximately 42% Adjusted EBITDA margins for the year, which is a notable uptick and may positively influence valuation multiples.
- Strategic Acquisitions: The completion of a partner buyout in the quarter is expected to enhance future profitability. However, the 2026 outlook does not yet factor in any benefits from the pending KUBA acquisition, suggesting possible further upside in future guidance.
- Free Cash Flow Seasonality: Investors should be aware that Q1 Free Cash Flow is impacted by normal seasonality, including interest and incentive payments. However, full-year Free Cash Flow Conversion is expected to be strong at 45%.
- Upcoming Catalysts: REPAY will release full Q1 2026 financial results after market close on May 4, 2026, and will host a conference call the same day at 5:00pm ET—a potential catalyst for further share price movement.
- Non-GAAP Measures: All key profitability and cash flow figures are presented on a non-GAAP basis. The company emphasizes that these measures are used internally for decision-making, but may not be directly comparable to similarly-titled metrics at other companies.
Risks and Forward-Looking Statements
REPAY has included customary forward-looking statements in this update, cautioning that the preliminary results are unaudited and subject to change. The company highlights risks including economic conditions, regulatory changes, execution of growth strategies, data security, and other factors that may impact future performance. Investors are reminded not to place undue reliance on these preliminary figures as a guarantee of future results.
About REPAY
REPAY provides integrated payment processing solutions tailored for verticals with complex transaction requirements, leveraging a proprietary technology platform to streamline electronic payments for both clients and their end customers.
Investor and Media Contacts
Disclaimer: This article is based on preliminary, unaudited results as provided by Repay Holdings Corporation. Forward-looking statements are inherently subject to risks and uncertainties that may cause actual results to differ materially from those projected. This article does not constitute investment advice. Readers are urged to review official company filings and consult their financial advisors before making investment decisions.
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