Revenue: As of FY2026 Q2, the actual value is USD 100.71 M, missing the estimate of USD 101.86 M.

EPS: As of FY2026 Q2, the actual value is USD -0.13, missing the estimate of USD -0.0935.

EBIT: As of FY2026 Q2, the actual value is USD -6.438 M.

Net (Loss) Income

• For Q2 2026, Repay Holdings Corporation reported a net loss of - $11.5 million, which is an improvement from a net loss of - $108.0 million in Q2 2025.
• For the six months ended June 30, 2026, the net loss was - $21.563 million, compared to - $116.200 million for the same period in 2025.

Adjusted EBITDA

• Adjusted EBITDA for Q2 2026 increased to $36.3 million from $31.8 million in Q2 2025.
• For the six months ended June 30, 2026, Adjusted EBITDA was $70.663 million, up from $64.986 million in the prior year period.

Operating Costs (Three Months Ended June 30, in thousands)

• Costs of services were $30,079 in 2026, up from $18,404 in 2025.
• Selling, general and administrative expenses were $46,247 in 2026, up from $32,864 in 2025.
• Depreciation and amortization totaled $27,636 in 2026, up from $25,481 in 2025.
• Impairment loss was $0 in 2026, compared to $103,781 in 2025.
• Total operating expenses were $103,962 in 2026, down from $180,530 in 2025.
• Operating Expenses significantly decreased to $40.4 million in Q2 2026 from $140.6 million in Q2 2025, representing a - $100.2 million change.

Loss from Operations

• Loss from operations for Q2 2026 was - $3,257 million, a significant improvement from - $104,904 million in Q2 2025.
• For the six months ended June 30, 2026, loss from operations was - $3,264 million, compared to - $108,524 million for the same period in 2025.

Segment Revenue (in thousands)

• Consumer Payments Revenue:
  • Q2 2026: $93,730, a 33% increase from $70,474 in Q2 2025.
  • Six Months Ended June 30, 2026: $168,798, a 19% increase from $142,417 in 2025.
• Business Payments Revenue:
  • Q2 2026: $14,478, a 32% increase from $10,945 in Q2 2025.
  • Six Months Ended June 30, 2026: $27,469, a 25% increase from $21,933 in 2025.
• Overall company revenue growth was 33% year-over-year in Q2 2026.
• Repay Holdings Corporation reported a 4% increase in Revenue, reaching $80.8 million in Q2 2026, compared to $77.3 million in Q2 2025.

Segment Gross Profit (in thousands)

• Consumer Payments Gross Profit:
  • Q2 2026: $68,015, a 23% increase from $55,429 in Q2 2025.
  • Six Months Ended June 30, 2026: $128,297, a 14% increase from $112,139 in 2025.
• Business Payments Gross Profit:
  • Q2 2026: $10,114, a 33% increase from $7,586 in Q2 2025.
  • Six Months Ended June 30, 2026: $18,584, a 23% increase from $15,143 in 2025.
• Total Gross Profit:
  • Q2 2026: $70,626, a 23% increase from $57,222 in Q2 2025.
  • Six Months Ended June 30, 2026: $132,113, a 14% increase from $115,883 in 2025.
• Gross Profit grew by 5% to $61.5 million in Q2 2026 from $58.7 million in the prior year period.

Total Gross Profit Margin

• Q2 2026: 70%, down from 76% in Q2 2025.
• Six Months Ended June 30, 2026: 73%, down from 76% in 2025.
• Consumer Payments Gross Profit Margin was 79% in Q2 2026, compared to 73% in Q2 2025.
• Business Payments Gross Profit Margin was 69% in Q2 2026, compared to 70% in Q2 2025.

Cash Flow from Operating Activities (in thousands)

• Net cash provided by operating activities for Q2 2026 was $40,239, compared to $33,065 in Q2 2025.
• For the six months ended June 30, 2026, net cash provided by operating activities was $57,062, compared to $35,568 for the same period in 2025.

Free Cash Flow (in thousands)

• Free cash flow for Q2 2026 was $27,371, up from $22,600 in Q2 2025.
• For the six months ended June 30, 2026, free cash flow was $32,754, up from $14,566 for the same period in 2025.
• Adjusted Free Cash Flow increased by 30% to $29.3 million in Q2 2026 from $22.6 million in Q2 2025.

Free Cash Flow Conversion

• Free cash flow conversion for Q2 2026 was 75%, up from 71% in Q2 2025.
• For the six months ended June 30, 2026, free cash flow conversion was 46%, up from 22% for the same period in 2025.

Other Operational Metrics

• Repay Holdings Corporation achieved 6% organic revenue growth year-over-year in Q2 2026.
• Consumer Payments organic revenue growth was 4% year-over-year, while Business Payments normalized organic revenue growth was 19% year-over-year in Q2 2026.
• The KUBRA acquisition contributed approximately $21 million of revenue during June 2026, representing 5% year-over-year growth compared to June 2025.
• The company now reaches over 352 software partners across its Consumer and Business Payment verticals, including 54 partners from the KUBRA acquisition.
• The AP supplier network accelerated to over 731,000, an increase of approximately 66% year-over-year.
• Adjusted Net Income was $17.9 million in Q2 2026, a -6% decrease from $19.1 million in Q2 2025.
• Adjusted EBITDA Margin was 36% in Q2 2026.
• The KUBRA acquisition is expected to be Free Cash Flow accretive by 25% in 2028E, with estimated run-rate synergies projected to be over $15 million by 2028.
• Approximately $4.5 million in run-rate savings were realized in Q2 2026 from the KUBRA acquisition.

Outlook / Guidance

Repay Holdings Corporation reiterated its 2026 outlook, expecting full-year revenue between $490 million and $500 million and Adjusted EBITDA between $168.5 million and $176 million. KUBRA is projected to contribute $150 million to $154 million in revenue and $27.5 million to $30 million in Adjusted EBITDA during 2026. The company anticipates organic revenue growth to accelerate into double-digits and aims to return net leverage below 3x over the next 18 months.