Earnings Releases·Nov 9, 2026, 4:13 PM ET

Repay Holdings Corporation — Third Quarter 2026 Earnings Summary

Reported Q3 2026 GAAP revenue surged 97% year-over-year to $153.4 million, driven by a $65 million contribution from the KUBRA acquisition and political media revenue, while adjusted EBITDA rose to $50.9 million from $31.2 million; however, net loss widened to $10.4 million and free cash flow turned negative at $(21.1) million due to working capital timing and a $14 million investment in a bank reseller channel partnership.
Full-year 2026 revenue and adjusted EBITDA guidance remains unchanged at $490–$500 million and $168.5–$176 million, respectively, but normalized organic revenue growth and free cash flow conversion targets were lowered to 5–6% and 20–25% (from 7–9% and 30%) to reflect strategic investments.
Business Payments delivered exceptional growth with 99% year-over-year revenue increase to $23.9 million, while the company raised expected annualized cost synergy run-rate to $11 million and maintains a liquidity position of approximately $164 million with net leverage at 3.8x.
Strategic capital allocation included a $348.2 million KUBRA acquisition and a $610 million long-term debt issuance in the first nine months of 2026, with a further $19 million bank channel partnership investment planned for the second half of the year.