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Sep 30, 2022

Repay Q3 2022 Earnings Report

Delivered strong results with accelerated growth and expanding margins.

Key Takeaways

REPAY reported strong third-quarter results with accelerated growth and expanding margins. The company's B2B AP/AR volumes grew approximately 30% year-over-year and represented 20%+ of total volume in the third quarter. REPAY reiterates its previously provided guidance for full year 2022.

REPAY delivered strong results in the third quarter across both the top and bottom lines, with accelerated growth and expanding margins.

B2B AP/AR volumes grew approximately 30% year-over-year and represented 20%+ of total volume in the third quarter

Added six new integrated software partners to bring the total to 236 ISVs as of the end of the third quarter

Expanded AP supplier network to 147,000, an increase of 40% year-over-year

Total Revenue
$71.6M
Previous year: $61.1M
+17.1%
EPS
$0.24
Previous year: $0.21
+14.3%
Adjusted EBITDA
$31.7M
Previous year: $27M
+17.5%
Gross Profit
$54.9M
Previous year: $45.8M
+19.9%
Cash and Equivalents
$63.5M
Previous year: $116M
-45.4%
Free Cash Flow
$24.5M
Previous year: $13.7M
+79.4%
Total Assets
$1.64B
Previous year: $1.65B
-0.3%

Repay

Repay

Forward Guidance

REPAY reiterates its previously provided guidance for full year 2022.