By Adriano Marchese
Repay Holdings shares gained after the company released preliminary earnings for the first quarter that showed an increase in revenue due to a rise in both consumer and business payments.
The stock advanced 12% to $4.11 in late morning trading. Shares are up 13% this year.
The payments technology provider on Monday said it expects revenue to rise by about 4% to $80.5 million to $81 million in the first quarter. Analysts polled on FactSet expect $80.9 million.
The growth is backed by an estimated 4% rise in consumer payments revenue and 18% in business payments revenue.
Repay also said adjusted earnings before interest, taxes, depreciation and amortization is also expected to rise in the to $33.8 million to $34.3 million, up from $33.2 million a year earlier. Wall Street expects $32.8 million, according to analysts surveyed by FactSet.
The company forecasts a one-time cash payment and positive impact to the metric due to the buyout of a strategic distribution partner.
Repay's first quarter ended on March 31. Results are to be released on May 4.
For 2026, revenue expectations remain unchanged at $340 million to $346 million, with a 45% free cash flow conversion.
The company also raised its adjusted Ebitda forecast to $141 million to $146 million, up from a prior outlook of $136.5 million to $141.5 million. Analysts expect adjusted Ebitda of $137.9 million.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 27, 2026 11:42 ET (15:42 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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