Q1 2025 Repay Holdings Corp Earnings Call Transcript
Key Points
- Repay Holdings Corp (RPAY) maintained strong adjusted EBITDA margins of 43% during Q1 2025.
- The company signed two new software partnerships, increasing its total software partners to 182.
- RPAY's instant funding product saw transaction volumes rise approximately 19% year over year.
- The Business Payments segment reported a gross profit increase of 12% year over year, excluding political media impacts.
- RPAY announced an increased share repurchase program authorization to $75 million, indicating confidence in its valuation.
- Reported revenue for Q1 2025 decreased by 4% year over year.
- Consumer Payments segment gross profit declined by 5% during Q1 2025.
- Reported free cash flow was negative $8 million for Q1 2025, impacted by client losses and networking capital issues.
- The company faced a 600-basis-point drag on Consumer Payments due to client losses.
- Economic unpredictability and macro uncertainties could potentially impact consumer spending and near-term growth.
Good afternoon. I would like to welcome everyone to REPAY'S first-quarter 2025 earnings conference call. This call is being recorded today, May 12, 2025.
I'd like to turn the session over to Stewart Grisante, Head of Investor Relations at REPAY. Stewart, you may begin.
Thank you. Good afternoon and welcome to REPAY's first-quarter 2025 earnings conference call. With us today are John Morris, Co-Founder and Chief Executive Officer; Tim Murphy, Chief Financial Officer; Thomas Sullivan, Chief Accounting Officer and Interim CFO; and Damian Warner, Vice President of Corporate Development and Strategic Partnership.
During this call, we will be making forward-looking statements about our beliefs and estimates regarding future events and results. Those forward-looking statements are subject to risks and uncertainties, including those set forth in the SEC filings related to today's results in our most recent Form 10-K. Actual results may differ materially from any forward-looking
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