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Repay Holdings cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$38.1M in Q2 2026 · $110M over twelve months

Operating cash flow$40.2M
Capital spending−$2.2M
Free cash flow+$38.1M

Analysis

In Q2 2026, Repay Holdings generated $40.2M of operating cash flow and spent $2.2M on capital projects, leaving free cash flow of $38.1M. That is $4.9M more than in Q2 2025 ($33.1M).

Over the twelve months to Jun 30, 2026, operating cash flow was $113M; the largest uses were other investing ($413M), capital spending ($2.5M), taxes on employees’ shares ($722K); besides operations, cash came from other financing ($223M); the cash balance fell by $81.5M.

Operating cash flow was $40.2M against net income of −$11.5M. The largest differences: depreciation & amortization +$27.6M, stock-based pay +$4.7M, payables +$2.7M.

Free cash flow

Repay Holdings: free cash flow by quarterRepay Holdings: free cash flow by quarter$59.8MQ3 2024$34.0MQ4 2024$2.4MQ1 2025$33.1MQ2 2025$32.1MQ3 2025$23.2MQ4 2025$16.7MQ1 2026$38.1MQ2 2026
Operating cash flow less capital spending.
Repay Holdings: operating cash flow against capital spendingRepay Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$60.1M$211KQ3 2024$34.3M$207KQ4 2024$2.5M$146KQ1 2025$33.1M−$69KQ2 2025$32.2M$122KQ3 2025$23.3M$87KQ4 2025$16.8M$122KQ1 2026$40.2M$2.2MQ2 2026
Latest (Q2 2026): Operating cash flow $40.2M, Capital spending $2.2M.

Capital allocation, year by year

Repay Holdings: where the cash came from (up) and went (down), by fiscal yearRepay Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY2021: Operating cash flow $53.3MFY2021: Net borrowing $197MFY2021: Capital spending −$2.9MFY2021: Buybacks −$4.0M$251MFY2021FY2022: Operating cash flow $74.2MFY2022: Capital spending −$3.2MFY2022: Buybacks −$2.7M$74.2MFY2022FY2023: Operating cash flow $104MFY2023: Net borrowing −$20.0MFY2023: Asset sales $40.3MFY2023: Capital spending −$733KFY2023: Buybacks −$1.9M$144MFY2023FY2024: Operating cash flow $150MFY2024: Net borrowing $82.3MFY2024: Shares issued $395KFY2024: Capital spending −$989K$233MFY2024FY2025: Operating cash flow $91.1MFY2025: Net borrowing −$72.0MFY2025: Capital spending −$286K$91.1MFY2025
Over these 5 years operating cash flow totalled $472M; the largest uses were net borrowing ($92.0M) and buybacks ($8.6M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$83.7M
Debt$310M
Net debt$226M
Due within a year$5.0M

Repay Holdings funds itself: free cash flow was $110M over the last twelve months, and $83.7M of cash and investments stands against $310M of debt ($5.0M due within a year, 16.7× covered by cash).

Where the cash came from and went

Repay Holdings: sources (+) and uses (−) of cash, Q2 2026Repay Holdings: sources (+) and uses (−) of cash, Q2 2026Net borrowing (+) / repaid (−)$390MOther investing−$359MCash drawn (+) / kept (−)−$40.6MOperating cash flow$40.2MOther financing−$29.3MCapital spending−$2.2MTaxes on employees’ shares$794K
Repay Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Repay Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Other investing−$413MOther financing$223MOperating cash flow$113MCash drawn (+) / kept (−)$81.5MCapital spending−$2.5MTaxes on employees’ shares−$722K

From profit to cash

Repay Holdings: net income to operating cash flow, Q2 2026Repay Holdings: net income to operating cash flow, Q2 2026Net income−$11.5MDepreciation & amortization$27.6MStock-based pay$4.7MDeferred taxes−$2.7MReceivables$2.5MPayables$2.7MPrepaid and other assets−$1.1MOther liabilities−$1.6MOperating cash flow$40.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$40.2M−$2.2M$390M−$40.6M$38.1M
Q1 2026$16.8M−$122K−$36.5M$68.8M$16.7M
Q4 2025$23.3M−$87K—−$13.7M$23.2M
Q3 2025$32.2M−$122K—$67.1M$32.1M
Q2 2025$33.1M$69K—$211K$33.1M
Q1 2025$2.5M−$146K—$27.5M$2.4M
Q4 2024$34.3M−$207K—−$21.5M$34.0M
Q3 2024$60.1M−$211K—−$41.2M$59.8M

Repay Holdings: income statement and cash flow

Repay Holdings, Q2 2026: revenue $101M (+33% year over year), operating margin -3.2%. The chart follows the revenue to costs, profit and cash.

Repay Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.