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Jun 30, 2023
Repay Q2 2023 Earnings Report
Reported an 8% increase in gross profit and a 12% increase in organic gross profit year-over-year, and raised the full year 2023 revenue and gross profit outlook.
Key Takeaways
REPAY reported strong second-quarter results, with a 12% increase in organic gross profit growth. The company is raising the midpoint of its guidance for revenue and gross profit for 2023, driven by progress in both consumer and business payments segments and expansion into 252 software partners.
Achieved 12% year-over-year organic gross profit growth.
Experienced approximately 16% year-over-year organic gross profit growth in Consumer Payments.
Reported approximately 4% year-over-year organic gross profit growth in Business Payments (15% excluding political media).
Expanded AP supplier network to 195,000, a roughly 45% year-over-year increase.
Repay
Repay
Repay Revenue by Segment
Revenue by Segment
Consumer Payments Revenue
CapyFin.comBusiness Payments Revenue
CapyFin.com Forward Guidance
REPAY is raising the midpoint of its 2023 revenue and gross profit outlook.
Positive Outlook
- Card Payment Volume $26.0 - 27.2 billion
- Revenue $280 - 288 million
- Gross Profit $218 - 228 million
- Adjusted EBITDA $122 - 130 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income