REPAY Reports Third Quarter 2026 Financial Results
Business Wire•09/11/2026•16:05 ET
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Key Highlights
- ➤Q3 revenue $153.4 million, up 97% year-over-year
- ➤Adjusted EBITDA $50.9 million, up from $31.2 million year-over-year
- ➤Normalized organic revenue growth outlook cut to 5%-6% from 7%-9%
- ➤Annualized cost synergy run-rate raised to $11 million from $8 million
- ➤Free cash flow conversion outlook reduced to 20%-25% from 30%
Expert Statements
John Morris, Chief Executive Officer of REPAY
“Business Payments delivered exceptional results, KUBRA grew ahead of our expectations, and we are capturing cost synergies ahead of schedule.”
John Morris, Chief Executive Officer of REPAY
“Consumer Payments reported organic revenue growth that did not meet our expectations but we are implementing deliberate initiatives to improve competitive positioning.”
Robert Houser, Chief Financial Officer of REPAY
“Given results within core Consumer Payments, which were offset by strong political media spend revenue within Business Payments, we now expect normalized organic revenue growth in the 5%-6% range, vs. 7%-9% prior.”
Robert Houser, Chief Financial Officer of REPAY
“We are also updating our free cash flow conversion targets, from 30% to a range of 20%-25% and our adjusted free cash flow conversion outlook from 35% to a range of 25%-30%, in each case, reflecting a $19 million bank channel partnership investment in the second half of the year; however, we remain on track to reduce net leverage below 3.0x by year-end 2027.”
Reported GAAP revenue growth of 97% and organic revenue growth(1) of 14% year-over-year, including a 9-point contribution from political media revenue
Raises Expected Annualized Cost Synergy Run-Rate Exiting 2026 to $11 Million, Up from $8 Million
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