Nucor earnings beat by $0.08, revenue fell short of estimates
ATLANTA - Repay Holdings Corporation (NASDAQ:RPAY) reported first quarter revenue that fell short of analyst expectations, though shares edged higher in after-hours trading.
The payment solutions provider posted revenue of $77.3 million for the quarter, down 4% year-over-year and below the consensus estimate of $83.92 million. Adjusted earnings per share came in at $0.22, matching analyst forecasts.
Repay’s Consumer Payments segment saw gross profit decline approximately 5% compared to the prior year period, which the company said was impacted by previously announced client losses. However, the Business Payments segment showed strength, with normalized gross profit growth of 12% year-over-year.
"Our Business Payments segment normalized gross profit growth accelerated to 12% year-over-year, driven by the strength of our core accounts payable business, the onboarding of new enterprise customers, and the success of recent monetization efforts," said CEO John Morris.
For the full year 2025, Repay expects sequential quarterly acceleration of normalized gross profit growth, with fourth quarter growth reaching high single-digits to low double-digits. The company also anticipates free cash flow conversion to exceed 50% in Q2 and accelerate above 60% by Q4.
Repay’s board approved an increase to its share repurchase authorization by $25 million to $75 million total.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.