---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-020536"
form_type: "8-K"
ticker: "RPAY"
cik: "0001720592"
company_name: "Repay Holdings Corp"
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:39:47.815416+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# REPAY Q1 2023 net loss $27.9M vs profit $12.9M YoY; revenue up 10%

## Summary
- Net loss of $27.9M vs net income of $12.9M in Q1 2022; adjusted net income $19.2M (up 3%).
- Revenue of $74.5M, up 10% year-over-year; gross profit of $56.6M, up 11%.
- Card payment volume $6.58B, up 3% YoY.
- Adjusted EBITDA of $31.2M, up 6% YoY.
- Full year 2023 outlook reiterated (no specific guidance numbers provided).

## SEC filing metadata
- accession: 0000950170-23-020536
- form_type: 8-K
- ticker: RPAY
- cik: 0001720592
- company_name: Repay Holdings Corp
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720592/000095017023020536/0000950170-23-020536-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720592/000095017023020536/rpay-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-020536
- JSON: https://secwatch.observer/filing/0000950170-23-020536.json
- Plain text: https://secwatch.observer/filing/0000950170-23-020536.txt

## Key facts
- Earnings Releases
  Repay Holdings Corp reported quarter ended March 31, 2023 results: revenue 74.5, net income -27.9. Guidance reaffirmed.
  - Period: quarter ended March 31, 2023
  - Revenue: 74.5
  - Net income: -27.9
  - Guidance: reaffirmed
  - Result: reported results
  source text: Highlights (in $ millions) Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 YoY Change Card payment volume $ 6,414.0 $ 6,196.3 $ 6,416.8 $ 6,611.8 $ 6,581.4 3% Revenue 67.6 67.4 71.6 72.7 74.5 10% Gross profit (1) 51.0 50.7 54.9 57.8 56.6 11% Net income (loss) 12.9 (1.4 ) 5.4 (8.2 ) (27.9 ) - Adjusted EBITDA (2) 29.3 27.6 31.7 36.0 31.2 6% Adjusted Net Income (2) 18.6
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720592/000095017023020536/0000950170-23-020536-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.