Repay Holdings Corp

RPAY · Services-Business Services, NEC · 90.0M shares · +20%/yr ↑ dilution · EDGAR filings ↗

Net buyback after stock comp: -$18M (gross $4M, SBC $22M)

Reference price $2.68 · est. market cap ~$241M — last insider purchase, 2026-04-09 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

D52

gen composite 24pct→53; net + operating loss

Notable findings

Net lossNet loss (net margin -83.0%)
Exec changeRecent 8-K item 5.02 8-K ↗
Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
Weak liquidityCurrent ratio 0.82 (<1)
Chronic dilutionShare count +20%/yr over 3y (dilution, book value/share -69%)
Strong balance sheetStrong balance sheet — $116M cash & investments
Notable holderHeld by 4 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +1 more (as of 2026-03-31)

Quarterly revenue

2025-06-30 · $76M2025-09-30 · $78M2025-12-31 · $79M2026-03-31 · $81M

Last 4 quarters · from SEC filings.

Key metrics

Gross margin

75.0%

Operating margin

-82.4%

Net margin

-83.0%

Return on equity

-53.0%

Return on assets

-21.4%

ROIC

-22.1%

Revenue growth (QoQ)

4.5%

Debt / equity

0.9×

Current ratio

0.8×

Free cash flow

$91M

EBITDA

-$153M

Tangible book value

-$320M

Cash & investments

$116M

Stock comp / revenue

5.9%

Leadership & compensation

Name	Role	Latest total comp
John Morris	Chief Executive Officer	$9M FY2024
Barnett Naomi	Executive Vice President	—
David Guthrie	Chief Technology Officer	$2M FY2024
Houser Robert Scott	Chief Financial Officer	—
Jacob H. Moore	Executive Vice President	$2M FY2024
Morrow Matthew Edward	Executive Vice President	—
Sullivan Thomas Eugene	Chief Accounting Officer	—
Tim Murphy	Officer	$3M FY2024
Tyler Dempsey	General Counsel	$2M FY2024
Watkin Richard Jason	President, KUBRA	—
Alias Shaler	President	—
Emnet Rios	Director	$222K FY2024
Maryann Goebel	Director	$220K FY2024
Paul Garcia	Director	$222K FY2024
Peter Kight	Director	$325K FY2024
Richard Thornburgh	Director	$220K FY2024
Robert Hartheimer	Director	$230K FY2024
William Jacobs	Director	$230K FY2024

Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.

Insider transactions · last 6 months

Date	Insider	Type	Shares	Price
2026-06-10	Rios Emnet Legesse	Grant	50K	—
2026-06-10	GOEBEL MARYANN	Grant	50K	—
2026-06-10	THORNBURGH RICHARD E	Grant	50K	—
2026-06-10	GARCIA PAUL R	Grant	50K	—
2026-06-10	KIGHT PETER J	Grant	74K	—
2026-06-01	Watkin Richard Jason	Grant	833K	—
2026-05-31	Guthrie David M	Grant	1.0K	$2.85
2026-05-31	Guthrie David M	Tax withheld	79	$3.88
2026-05-12	Morrow Matthew Edward	Grant	260K	—
2026-05-07	Sullivan Thomas Eugene	Tax withheld	3.9K	$3.49
2026-04-09	Forager Fund, L.P.	Buy	79K	$2.68
2026-04-09	Forager Fund, L.P.	Buy	79K	$2.68
2026-04-08	Forager Fund, L.P.	Buy	485K	$2.57
2026-04-08	Forager Fund, L.P.	Buy	485K	$2.57
2026-04-07	Forager Fund, L.P.	Buy	350K	$2.42
2026-04-07	Forager Fund, L.P.	Buy	350K	$2.42
2026-04-02	Forager Fund, L.P.	Buy	462K	$2.53
2026-04-02	Forager Fund, L.P.	Buy	462K	$2.53
2026-04-01	Forager Fund, L.P.	Buy	488K	$2.54
2026-04-01	Forager Fund, L.P.	Buy	488K	$2.54
2026-03-27	Forager Fund, L.P.	Buy	181K	$3.05
2026-03-27	Forager Fund, L.P.	Buy	181K	$3.05
2026-03-26	Forager Fund, L.P.	Buy	287K	$3.04
2026-03-26	Forager Fund, L.P.	Buy	287K	$3.04
2026-03-25	Forager Fund, L.P.	Buy	175K	$2.92
2026-03-25	Forager Fund, L.P.	Buy	175K	$2.92
2026-03-19	Barnett Naomi	Tax withheld	3.3K	$2.65
2026-03-19	Sullivan Thomas Eugene	Tax withheld	4.7K	$2.65
2026-03-19	Dempsey Tyler B	Tax withheld	5.7K	$2.65
2026-03-19	Guthrie David M	Tax withheld	6.6K	$2.65
2026-03-19	Morris John Andrew Sr.	Tax withheld	52K	$2.65
2026-03-11	Sullivan Thomas Eugene	Grant	92K	—
2026-03-11	Barnett Naomi	Grant	129K	—
2026-03-11	Dempsey Tyler B	Grant	176K	—
2026-03-11	Guthrie David M	Grant	208K	—
2026-03-11	Houser Robert Scott	Grant	194K	—
2026-03-11	Morris John Andrew Sr.	Grant	968K	—
2026-03-05	Sullivan Thomas Eugene	Tax withheld	3.6K	$3.03
2026-03-05	Barnett Naomi	Tax withheld	5.1K	$3.03
2026-03-05	Dempsey Tyler B	Tax withheld	6.8K	$3.03
2026-03-05	Guthrie David M	Tax withheld	7.6K	$3.03
2026-03-05	Morris John Andrew Sr.	Tax withheld	38K	$3.03
2026-02-23	Morris John Andrew Sr.	Tax withheld	12K	$3.06
2026-02-23	Sullivan Thomas Eugene	Tax withheld	1.4K	$3.06
2026-02-23	Barnett Naomi	Tax withheld	1.3K	$3.06
2026-02-23	Dempsey Tyler B	Tax withheld	2.2K	$3.06
2026-02-23	Guthrie David M	Tax withheld	2.1K	$3.06
2026-02-23	Alias Shaler	Tax withheld	2.5K	$3.06
2026-02-19	Guthrie David M	Tax withheld	6.5K	$3.14
2026-02-19	Morris John Andrew Sr.	Tax withheld	32K	$3.14
2026-02-19	Barnett Naomi	Tax withheld	4.0K	$3.14
2026-02-19	Alias Shaler	Tax withheld	5.5K	$3.14
2026-02-19	Dempsey Tyler B	Tax withheld	5.5K	$3.14
2026-02-19	Sullivan Thomas Eugene	Tax withheld	2.8K	$3.14

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-15	Material agreementDebt obligationExhibits	filing ↗
2026-06-12	Exec/director changeShareholder voteExhibits	filing ↗
2026-06-01	Material agreement1.02Acquisition/dispositionDebt obligationReg FDExhibits	filing ↗
2026-05-04	ResultsReg FDExhibits	filing ↗
2026-04-27	ResultsExhibits	filing ↗
2026-04-14	Material agreement3.035.03Reg FDExhibits	filing ↗
2026-03-31	Material agreementDebt obligationReg FDExhibits	filing ↗
2026-03-09	ResultsReg FDExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-15	2026-06-12	0001720592-26-000004 ↗
8-K	2026-06-12	2026-06-10	0001720592-26-000002 ↗
8-K	2026-06-01	2026-06-01	0001193125-26-251442 ↗
10-Q	2026-05-04	2026-03-31	0001193125-26-204011 ↗
8-K	2026-05-04	2026-05-04	0001193125-26-204004 ↗
10-K/A	2026-04-30	2025-12-31	0001193125-26-197195 ↗
8-K	2026-04-27	2026-04-27	0001193125-26-179019 ↗
8-K	2026-04-14	2026-04-13	0001193125-26-153953 ↗
8-K	2026-03-31	2026-03-30	0001193125-26-133296 ↗
10-K	2026-03-09	2025-12-31	0001193125-26-098518 ↗
8-K	2026-03-09	2026-03-09	0001193125-26-098510 ↗
8-K	2026-02-25	2026-02-19	0001193125-26-071873 ↗