RPAY Technology

Repay Holdings Corporation

$4.52-3.83%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Technology
Industry: Software - Infrastructure
Country: United States
Market cap: 398.6M USD
Enterprise value: 1.0B USD
Full-time employees: 486

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.83 vs a peer median of 0.87) and more debt relative to equity (1.59× vs a peer median of 0.25×)higher risk: bigger price swings (beta 1.83 vs peers 0.87) and more debt vs equity (1.59× vs peers 0.25×)
About average: valuation

Ranks #1,487 of 1,612 technology companies (bottom 8%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 1.6× equity vs a peer median of 0.2×.Debt is 1.6× equity vs peers 0.2×.
Debt is 1.6× shareholders' equity, against a peer median of 0.2×, among the highest 10% of its peer group.Debt is 1.6× shareholders' equity, vs peers 0.2×, among the highest 10% of its peer group.
Valuation signals disagree. Cheaper than 95% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Repay looks cheaper than 95% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Not profitable yet. Reported a loss in the 12 months to June 2026.
Repay reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
More volatile share price. Beta 1.83: tends to move more than the market.
Repay's shares have swung more with the market than most peers' (beta 1.83, above the market's 1.0).

StockQuotient Score

23/ 100

Oct 5 25 → Nov 4 23 (-2)

Valuation

Is the price right?

47/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Mixed versus peers:

▲ FCF yield
▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-42.0%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0225 · MAD: 0.0225

EBITDA yield-4.2%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.17Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield27.6%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingOutlier capped at sector 5th/95th percentile20% base weight · Z-score 4.45Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield118.6%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

37/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 8.0%

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.13Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth5.2%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.04Sector median: 0.0483 · MAD: 0.0793

Revenue growth8.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.03Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

4/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 36.1 points to -44.2%

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-44.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -7.12Sector median: 0.0631 · MAD: 0.0710

Return on assets-10.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -3.69Sector median: 0.0293 · MAD: 0.0362

Return on invested capital-10.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.00Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin73.5%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity-35.4%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: Changed: worth a look

Debt up 93%

Why it changed since the Oct 27, 2026 close: Safety percentile 6 → 5

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.83

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.59Sector median: 0.8710 · MAD: 0.3700

Current ratio1.45×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.55Sector median: 1.8295 · MAD: 0.6848

Debt / equity1.59×

SEC filings · latest balance sheetReported value33% base weight · Z-score -5.92Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Repay

Is Repay getting weaker?: Its latest SEC filing (Aug 10, 2026) got stronger: operating margin rose 36.1 points to -44.2%; debt up 93%. Its overall score is unchanged at 23/100 since Oct 28, 2026.
How is Repay valued vs its peers?: Priced about in line with its peers. Valuation scores 47/100 against 1,711 technology peers. Free cash flow yield 27.6% vs a peer median of 2.7% (stronger than 95% of peers).Free cash flow yield 27.6% vs peers 2.7% (stronger than 95% of peers). Earnings yield -42.0% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -42.0% vs peers 2.2% (weaker than 100% of peers).
Is Repay growing?: More slowly than most of its peers. Growth scores 37/100 against 1,711 technology peers.
How profitable is Repay?: Less profitable than most of its peers. Profitability scores 4/100 against 1,711 technology peers. Operating margin -44.2% vs a peer median of 6.3% (weaker than 95% of peers).Operating margin -44.2% vs peers 6.3% (weaker than 95% of peers).
How risky is Repay?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Beta 1.83 vs a peer median of 0.87 (weaker than 90% of peers).Beta 1.83 vs peers 0.87 (weaker than 90% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 10, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Operating margin rose 36.1 points to -44.2%
Debt up 93%

Worth watching: Repay is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	312.7M USD	337.8M USD	+8.0%
Net income (12 months)	−258.7M USD	−167.5M USD	−35.3%
Operating margin	-80.3%	-44.2%	+36.1 pts
Free cash flow (12 months)	105.2M USD	110.1M USD	+4.7%
Debt	390.6M USD	753.1M USD	+92.8%
Cash	43.8M USD	83.7M USD	+91.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Software - Infrastructure · 71 companies

Valuations in Software - Infrastructure are above their usual range since 2016.

61% of months since 2016 were valued lower than now.
22% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +19% and earnings +22% (medians): prices and earnings moved broadly together.
Median price-to-sales is +97% vs the whole market, against a usual +103%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	74.7%	76.8%	76.5%	77.1%	75.0%	▼ 2.1 pts
Operating margin	-24.6%	-16.9%	-37.6%	-2.5%	-82.4%	▼ 80 pts
Net margin	-22.8%	4.6%	-37.2%	-3.2%	-83.0%	▼ 80 pts
Return on assets (ROA)	-3.0%	0.8%	-7.3%	-0.6%	-21.4%	▼ 21 pts
Return on equity (ROE)	-5.7%	1.4%	-13.6%	-1.3%	-53.0%	▼ 52 pts
Free cash flow margin	23.0%	25.4%	34.7%	47.6%	29.4%	▼ 18 pts
Current ratio	1.04×	1.42×	3.14×	2.69×	0.82×	▼ 70%
Debt to equity	0.51×	0.50×	0.53×	0.65×	0.88×	▲ 35%
Interest coverage	—	-10.79×	-28.79×	-0.99×	-18.26×	▼ >999%

RPAY price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.83 vs a peer median of 0.87) and more debt relative to equity (1.59× vs a peer median of 0.25×)higher risk: bigger price swings (beta 1.83 vs peers 0.87) and more debt vs equity (1.59× vs peers 0.25×)

About average: valuation

Ranks #1,487 of 1,612 technology companies (bottom 8%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 1.6× equity vs a peer median of 0.2×.Debt is 1.6× equity vs peers 0.2×.

Debt is 1.6× shareholders' equity, against a peer median of 0.2×, among the highest 10% of its peer group.Debt is 1.6× shareholders' equity, vs peers 0.2×, among the highest 10% of its peer group.

Valuation signals disagree. Cheaper than 95% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, Repay looks cheaper than 95% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Not profitable yet. Reported a loss in the 12 months to June 2026.

Repay reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

More volatile share price. Beta 1.83: tends to move more than the market.

Repay's shares have swung more with the market than most peers' (beta 1.83, above the market's 1.0).

Questions investors ask about Repay

Is Repay getting weaker?

Its latest SEC filing (Aug 10, 2026) got stronger: operating margin rose 36.1 points to -44.2%; debt up 93%. Its overall score is unchanged at 23/100 since Oct 28, 2026.

How is Repay valued vs its peers?

Priced about in line with its peers. Valuation scores 47/100 against 1,711 technology peers. Free cash flow yield 27.6% vs a peer median of 2.7% (stronger than 95% of peers).Free cash flow yield 27.6% vs peers 2.7% (stronger than 95% of peers). Earnings yield -42.0% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -42.0% vs peers 2.2% (weaker than 100% of peers).

Is Repay growing?

More slowly than most of its peers. Growth scores 37/100 against 1,711 technology peers.

How profitable is Repay?

Less profitable than most of its peers. Profitability scores 4/100 against 1,711 technology peers. Operating margin -44.2% vs a peer median of 6.3% (weaker than 95% of peers).Operating margin -44.2% vs peers 6.3% (weaker than 95% of peers).

How risky is Repay?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Beta 1.83 vs a peer median of 0.87 (weaker than 90% of peers).Beta 1.83 vs peers 0.87 (weaker than 90% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

312.7M USD

337.8M USD

+8.0%

Net income (12 months)

−258.7M USD

−167.5M USD

−35.3%

Operating margin

-80.3%

-44.2%

+36.1 pts

Free cash flow (12 months)

105.2M USD

110.1M USD

+4.7%

Debt

390.6M USD

753.1M USD

+92.8%

Cash

43.8M USD

83.7M USD

+91.1%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

74.7%

76.8%

76.5%

77.1%

75.0%

▼ 2.1 pts

Operating margin

-24.6%

-16.9%

-37.6%

-2.5%

-82.4%

▼ 80 pts

Net margin

-22.8%

4.6%

-37.2%

-3.2%

-83.0%

▼ 80 pts

Return on assets (ROA)

-3.0%

0.8%

-7.3%

-0.6%

-21.4%

▼ 21 pts

Return on equity (ROE)

-5.7%

1.4%

-13.6%

-1.3%

-53.0%

▼ 52 pts

Free cash flow margin

23.0%

25.4%

34.7%

47.6%

29.4%

▼ 18 pts

Current ratio

1.04×

1.42×

3.14×

2.69×

0.82×

▼ 70%

Debt to equity

0.51×

0.50×

0.53×

0.65×

0.88×

▲ 35%

Interest coverage

—

-10.79×

-28.79×

-0.99×

-18.26×

▼ >999%