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Repay Holdings (RPAY) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · Repay Holdings (RPAY) Q2 2026 earnings results →
Q2 2026 Revenue up 33% year over year to $101M · 11¢ of every $1 of revenue lost · operating margin -3.2%
Repay Holdings made $101M in Q2 2026 (+33% Y/Y). Operating margin -3.2%, net loss $11.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
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What changed this quarter
Revenue was $100.7M in Q2 2026, up 33% year over year and up 25% from the previous quarter.
Gross margin was 70.1%, down 5.5 points from Q2 2025. Operating costs exceeded revenue by $3.3M, an operating margin of -3.2%. Operating expenses fell 54% while revenue rose 33%. The fastest-growing cost line was SG&A (+41%). The quarter ended with a net loss of $11.5M, wider than the previous quarter's $10.0M loss. Minority interests bore $543K of it: to shareholders the quarter was a loss of $11.0M. Net interest and other expense of $10.9M was the main reason.
Operating cash flow was $40.2M (up 22% year over year). Non-cash charges added back $27.6M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items added $19.4M. After capitalized software development costs ($10.7M) and cash paid for property and equipment ($2.2M), free cash flow as the company reports it was $27.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $101M | +33% | -3.2% | −$11.5M | $40.2M |
| Q1 2026 | 10-Q | May 4, 2026 | $80.8M | +4% | 0.0% | −$10.0M | $16.8M |
| Q4 2025 | 10-K | Mar 9, 2026 | $78.6M | +0.4% | -182.2% | −$148M | $23.3M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $77.7M | -2% | -3.9% | −$6.6M | $32.2M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $75.6M | +1% | -138.7% | −$108M | $33.1M |
| Q1 2025 | 10-Q | May 12, 2025 | $77.3M | -4% | -4.7% | −$8.2M | $2.5M |
| Q4 2024 | 10-K | Mar 3, 2025 | $78.3M | +3% | -1.5% | −$4.0M | $34.3M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Repay Holdings
Repay Holdings Corporation was incorporated as a Delaware corporation on July 11, 2019 in connection with the closing of a transaction (the “Business Combination”) pursuant to which Thunder Bridge Acquisition Ltd., a special purpose acquisition company organized under the laws of the Cayman Islands (“Thunder Bridge”), (a) domesticated into a Delaware corporation and changed its name to “Repay Holdings Corporation” and (b) consummated the merger of a wholly owned subsidiary with and into Hawk Parent Holdings, LLC, a Delaware limited liability company (“Hawk Parent”).
In its own words, from its 10-K, filed Mar 9, 2026.
Repay Holdings against its Services-Business Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +33% against the peers' median +13%. Operating margin: -3.2% against the peers' median 9.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| RPAY Repay Holdings | Q2 2026 | $101M | +33% | -3.2% |
| ACN Accenture | Q4 FY26 | $18.7B | +6% | 15.3% |
| UBER Uber Technologies | Q3 2026 | $14.8B | +10% | 9.8% |
| V Visa | Q4 FY26 | $12.1B | +13% | 59.8% |
| MELI MercadoLibre | Q3 2026 | $10.8B | +45% | 6.3% |
| MA Mastercard | Q3 2026 | $9.8B | +14% | 59.8% |
| PYPL PayPal Holdings | Q3 2026 | $8.6B | +2% | 16.3% |
| FISV Fiserv | Q3 2026 | $5.2B | -1% | -105.7% |
| DASH DoorDash | Q3 2026 | $4.6B | +34% | 9.6% |
Source: Repay Holdings 10-Q on SEC EDGAR · CIK 1720592 · Services-Business Services, NEC
13F: who owns RPAY and who is buying
More on RPAY
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results