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Mar 31, 2023
Repay Q1 2023 Earnings Report
Reported an 11% growth in gross profit and a 13% growth in organic gross profit year-over-year, while reiterating the full year 2023 outlook.
Key Takeaways
REPAY's Q1 2023 results showed a 10% increase in revenue and an 11% increase in gross profit. The Consumer Payments segment experienced strong organic gross profit growth, and the company expanded its AP supplier network. REPAY reaffirms its full year 2023 outlook.
Achieved 13% year-over-year organic gross profit growth.
Consumer Payments organic gross profit grew by approximately 17% year-over-year.
Expanded AP supplier network to 174,000, a 37% year-over-year increase.
Increased instant funding volume by 45% year-over-year.
Repay
Repay
Repay Revenue by Segment
Revenue by Segment
Consumer Payments Revenue
CapyFin.comBusiness Payments Revenue
CapyFin.com Forward Guidance
REPAY reaffirms its previously provided outlook for full year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income