Repay Holdings Reports Growth and Strategic Review

Repay Holdings ( (RPAY) ) has released its Q4 earnings. Here is a breakdown of the information Repay Holdings presented to its investors.

Repay Holdings Corporation, a prominent player in the payment solutions industry, specializes in providing vertically-integrated payment processing services across various sectors. The company is known for its robust technology platform that simplifies electronic payments for businesses and consumers alike.

In its latest earnings report, Repay Holdings announced a modest growth in gross profit for both the fourth quarter and the full year of 2024, alongside a significant increase in adjusted EBITDA and free cash flow conversion. The company also revealed the initiation of a strategic review process to explore potential strategic alternatives aimed at enhancing shareholder value.

Key financial highlights for the fourth quarter of 2024 include a 3% year-over-year increase in revenue and a 2% rise in gross profit. The adjusted EBITDA saw a notable 9% growth, while free cash flow improved by 8%. The Business Payments segment experienced substantial growth, with a 60% increase in gross profit year-over-year, driven by strong performance in the political media vertical. Additionally, the company expanded its AP supplier network and added new software partners and credit union clients.

Looking ahead, Repay Holdings remains committed to leveraging its scalable technology platform for organic and inorganic growth opportunities. The ongoing strategic review is expected to assess various options, including mergers and acquisitions, to further strengthen the company’s market position and deliver value to shareholders.