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Sep 30, 2023
Repay Q3 2023 Earnings Report
REPAY's Q3 2023 financial results were reported, showcasing solid performance with normalized organic revenue and gross profit growth.
Key Takeaways
REPAY reported a 4% increase in revenue, reaching $74.3 million, and a 3% increase in gross profit. The company saw stable trends from clients and prioritized go-to-market strategies and payment technology innovation.
Achieved 12% year-over-year normalized organic gross profit growth.
Consumer Payments organic gross profit grew by approximately 14% year-over-year.
Business Payments normalized organic gross profit grew by approximately 13% year-over-year.
Increased instant funding transaction volumes by approximately 50% year-over-year.
Repay
Repay
Repay Revenue by Segment
Revenue by Segment
Consumer Payments Revenue
CapyFin.comBusiness Payments Revenue
CapyFin.com Forward Guidance
REPAY raised the midpoint of its 2023 revenue outlook, expecting adjusted free cash flow conversion to accelerate into 2024.
Positive Outlook
- Card Payment Volume $26.0 - 27.2 billion
- Revenue $286 - 292 million
- Gross Profit $218 - 228 million
- Adjusted EBITDA $122 - 130 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income