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Jun 30, 2022
Repay Q2 2022 Earnings Report
Experienced growth in card payment volume and gross profit.
Key Takeaways
REPAY reported a 39% increase in total revenue, reaching $67.4 million, and a 42% increase in gross profit, totaling $50.7 million, compared to the second quarter of 2021. The company's adjusted EBITDA increased by 35% to $27.6 million. However, a net loss of $1.4 million was reported.
Card payment volume increased by 34% compared to Q2 2021, reaching $6.2 billion.
Total revenue grew by 39% compared to Q2 2021, amounting to $67.4 million.
Gross profit increased by 42% compared to Q2 2021, reaching $50.7 million.
Adjusted EBITDA increased by 35% compared to Q2 2021, amounting to $27.6 million.
Forward Guidance
REPAY now expects the following financial results for full year 2022, which replaces previously provided guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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