Repay Holdings Reports 33.2% Revenue Growth and $11.5M Net Loss in Q2 2026

Repay Holdings Corporation reported significant financial developments in its quarterly filing for the period ending June 30, 2026. The company achieved total revenue of $100.7 million, marking a 33.2% increase from $75.6 million in the same quarter of the previous year. For the first half of 2026, revenue reached $181.5 million, up 18.6% from $153.0 million in the first half of 2025. The growth was largely attributed to the acquisition of KUBRA, which contributed approximately $20.8 million in incremental revenue during the quarter.

Despite the revenue increase, Repay Holdings reported a net loss of $11.5 million for the second quarter, a notable improvement from a loss of $108.0 million in the prior year. The loss per Class A share was $(0.13), compared to $(1.15) in the same quarter of 2025. The company’s operating expenses totaled $104.0 million, down from $180.5 million a year earlier, primarily due to the absence of a significant impairment loss recorded in the previous year. The reduction in operating expenses was also influenced by the integration of KUBRA, which is expected to yield operational efficiencies.

In terms of strategic developments, Repay completed the acquisition of KUBRA on June 1, 2026, for approximately $354.1 million, financed through cash and a new term loan facility. This acquisition is anticipated to enhance Repay's service offerings in the payment processing sector, particularly in bill presentment and communication services. The company also declared a stockholder rights plan in April 2026, aimed at protecting against potential hostile takeovers.

Operationally, Repay Holdings reported an increase in customer engagement, with the Consumer Payments segment generating $93.7 million in revenue for the quarter, a 33.1% increase year-over-year. The Business Payments segment also saw growth, with revenue rising to $14.5 million, up 32.0% from the previous year. The company’s total assets increased to $1.6 billion as of June 30, 2026, compared to $1.2 billion at the end of 2025, reflecting the impact of the KUBRA acquisition on its balance sheet.

Looking ahead, Repay Holdings expressed optimism about its growth trajectory, driven by the integration of KUBRA and the expansion of its client base. The company anticipates that the strategic initiatives and operational efficiencies gained from the acquisition will contribute positively to its financial performance in the coming quarters. However, management acknowledged potential risks related to market conditions and the integration process, which could impact future results.