---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-040566"
form_type: "8-K"
ticker: "RPAY"
cik: "0001720592"
company_name: "Repay Holdings Corp"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T22:44:36.991211+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# REPAY Q2 gross profit +8% YoY to $54.9M; raises FY 2023 revenue and gross profit outlook

## Summary
- Revenue $71.8M (+6% YoY); gross profit $54.9M (+8% YoY).
- Organic gross profit growth of 12% YoY; net loss $5.3M vs net loss $1.4M prior year.
- Adjusted EBITDA $30.3M (+10% YoY); adjusted net income $18.8M (+13% YoY).
- Company raising full year 2023 revenue and gross profit guidance.

## SEC filing metadata
- accession: 0000950170-23-040566
- form_type: 8-K
- ticker: RPAY
- cik: 0001720592
- company_name: Repay Holdings Corp
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1720592/000095017023040566/0000950170-23-040566-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720592/000095017023040566/rpay-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-040566
- JSON: https://secwatch.observer/filing/0000950170-23-040566.json
- Plain text: https://secwatch.observer/filing/0000950170-23-040566.txt

## Key facts
- Earnings Releases
  Repay Holdings Corp reported the quarter ended June 30, 2023 results: revenue 71.8, net income (5.3). Guidance raised.
  - Period: the quarter ended June 30, 2023
  - Revenue: 71.8
  - Net income: (5.3)
  - Guidance: raised
  - Result: reported results
  source text: REPAY Reports Second Quarter 2023 Financial Results Q2 2023 Gross Profit Growth of 8% and Organic Gross Profit Growth of 12% Year-over-Year Raising Full Year 2023 Revenue and Gross Profit Outlook ATLANTA, August 9, 2023 -- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of vertically-integrated payment solutions, today reported financial results for its second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights (in $ millions) Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 YoY Change Card payment volume $ 6,196.3 $ 6,416.8 $ 6,611.8 $ 6,581.4 $ 6,253.7 1% Revenue 67.4 71.6 72.7 74.5 71.8 6% Gross profit (1) 50.7 54.9 57.8 56.6 54.9 8% Net income (loss) (1.4 ) 5.4 (8.2 ) (27.9 ) (5.3 ) - Adjusted EBITDA (2) 27.6 31.7 36.0 31.2 30.3 10% Adjusted Net Income (2) 16.6 22.8 21.8 19.2 18.8 13% (1) Gross profit represents revenue less costs of services. (2) Adjusted EBITDA and Adjusted Net Income are
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720592/000095017023040566/0000950170-23-040566-index.htm

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