Repay Holdings Corporation · NASDAQ:RPAY
Repay — Q2 2026 Earnings Presentation
20 slides from Repay's earnings presentation, Aug 10, 2026
Slide 1: Q2 2026 Earnings Supplement
Exhibit 99.2 Q2 2026 Earnings Supplement August 2026
Slide 2: Disclaimer
Disclaimer 1 Repay Holdings Corporation (“REPAY” or the “Company”) is required to file annual, quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission (“SEC”) Such filings, which you may obtain for free at the SEC’s website at http://www.sec.
Slide 3: Financial Update – Q2 2026 ($MM)
2 Financial Update – Q2 2026 ($MM) Revenue Gross Profit Adjusted EBITDA (3) Free Cash Flow (4) 33% y/y growth 14% y/y growth 6% organic growth(1) $100.7 $70.6 $27.4 $36.3 $31.8 $22.6 $57.2 $75.6 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 % Margin (2) % Margin (3) FCF conversion
Slide 4: Q2 2026 Revenue and Adjusted EBITDA Margin Dynamics
3 Q2 2026 Revenue and Adjusted EBITDA Margin Dynamics Revenue Adjusted EBITDA Margin (In $ millions) KUBRA Political ~6% Organic contributions $100.7 media KUBRA 42% contributions mix impact y/y Growth(1) $75.6 36% Political Incremental Strategic media Revenue investments contributions in people, pr
Slide 5: Consumer Payments Results – Q2 2026 ($MM)
4 Consumer Payments Results – Q2 2026 ($MM) Gross Profit Margin Key Business Highlights 33% y/y growth 4% organic growth(1) 79% 73% Closed KUBRA acquisition in June $93.7 KUBRA contributed ~$21mm of revenue, 23% y/y growth increasing ~5% year-over-year compared to June 2025 Organic revenue gro
Slide 6: Business Payments Results – Q2 2026 ($MM)
5 Business Payments Results – Q2 2026 ($MM) 32% y/y growth Gross Profit Margin Key Business Highlights 19% growth excl. political media(1) 69% 70% Strong sales pipeline within automotive, $14.5 property management, and municipality verticals via direct sales and new integrations 33% y/y growth C
Slide 7: Progress on KUBRA Value Creation Roadmap
6 Progress on KUBRA Value Creation Roadmap Expected to be Free Cash Flow Q2 Run-Rate 2026E Estimated 2028E Estimated accretive(1) by 25% in 2028E Savings Realized Run-Rate Savings(2) Run-Rate Savings(3) Restructuring to unify duplicate corporate functions, while automating functions during integra
Slide 8: Integration Plan for One Platform
7 Integration Plan for One Platform Phased hybrid integration plan optimizes client upgrades during infrastructure unification Taking the best of best combined technologies for one payments ecosystem Feature and compliance parity essential before client feature optimization KUBRA — The Experie
Slide 9: Balance Sheet Liquidity and Net Leverage
8 Balance Sheet Liquidity and Net Leverage Liquidity (1) Net Leverage (2) (In $ millions) $184 $184 Continued FCF generation ~ 3.7x Proven ability to reduce leverage to support deleverage & following prior acquisitions capital allocation priorities Strong Q2 cash generation < 3.0x $84 $44 Total Liqu
Slide 10: FY 2026 Outlook
9 FY 2026 Outlook REPAY reiterates its previously updated (1) outlook for full year 2026, which includes 7 months of KUBRA contribution REVENUE ADJUSTED FREE CASH FLOW EBITDA CONVERSION (2) $490 – $500MM $168.5 – $176MM 30% Reported Growth ~35% Margins ~60% ADJUSTED Organic Growth FREE CASH FLOW 10%
Slide 11: History of Sustainable Growth and Free Cash Flow Generation
10 History of Sustainable Growth and Free Cash Flow Generation Revenue (1) Gross Profit (1) (In $ Millions) (In $ Millions) $100.7 $70.6 $61.5 $61.6 $59.7 $61.5 $80.8 $58.7 $58.6 $58.7 $57.2 $57.8 $58.3 $80.7 $79.1 $78.3 $77.3 $75.6 $77.7 $78.6 $57.8 $56.6 $54.9 $56.7 $74.5 $71.8 $74.3 $76.0 $74.9 $
Slide 12: Appendix
11 Appendix
Slide 13: Q2 2026 Financial Update
12 Q2 2026 Financial Update THREE MONTHS ENDED JUNE 30 CHANGE $MM 2026 2025 AMOUNT % Revenue $80.8 $77.3 $3.5 4% Costs of Services 19.3 18.7 0.6 3% Gross Profit $61.5 $58.7 $2.9 5% Operating Expenses(1) 40.4 140.6 (100.2) NM EBITDA $21.1 ($82.0) $103.1 NM Depreciation and Amortization 27.6 25.5 2.2
Slide 14: Q2 2026 Adjusted EBITDA Reconciliation
13 Q2 2026 Adjusted EBITDA Reconciliation Q2 Q2 1) For the three months ended June 30, 2026, reflects amortization of client relationships, non-compete $MM agreement, software, and channel relationship intangibles acquired through the Business Combination, and 2026 2025 client relationships, non-com
Slide 15: Q2 2026 Adjusted Net Income Reconciliation
14 Q2 2026 Adjusted Net Income Reconciliation 1) For the three months ended June 30, 2026, reflects amortization of client relationships, non-compete ($MM) Q2 2026 Q2 2025 agreement, software, and channel relationship intangibles acquired through the Business Combination, and client relationships, n
Slide 16: Free Cash Flow Reconciliation
15 Free Cash Flow Reconciliation 2021 2022 2023 2024 2025 2026 $MM Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Net Cash provided by $4.8 $12.1 $14.6 $21.8 $13.8 $13.3 $25.3 $21.8 $20.8 $20.0 $28.0 $34.9 $24.8 $31.0 $60.1 $34.3 $2.5 $33.1 $32.2 $23.3 $16.8 $40.2 Operating Activi
Slide 17: Depreciation and Amortization Detail
16 Depreciation and Amortization Detail $MM Q2 2026 Q2 2025 Acquisition-related intangibles $22.0 $19.5 Software 3.8 5.8 Amortization $25.8 $25.3 Depreciation 1.8 0.2 Total Depreciation and Amortization $27.6 $25.5 Note Adjusted Net Income is adjusted to exclude amortization of all acquisition-relat
Slide 18: Q2 2026 Revenue Growth Reconciliations
17 Q2 2026 Revenue Growth Reconciliations Q2 2026 Consumer Business Total $MM Payments Payments Company Revenue Growth 33% 32% 33% Acquisitions / (Divestitures) impact 29% n/a 27% Organic Revenue Growth 4% 32% 6% Political Media contribution / (impact) n/a 13% 2% Organic Revenue Growth, excl. politi
Slide 19: Revenue Growth Reconciliation
18 Revenue Growth Reconciliation 2023 2024 2025 2026 $MM Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Revenue 10% 6% 4% 5% 6% 8% 4% 6% 3% 6% (4%) 1% (2%) <1% (1%) 4% 33% Growth Acquisitions / (Divestitures) (2%) (3%) (4%) (5%) (4%) (2%) n/a n/a n/a (<1%) n/a n/a n/a n/a n/a n/a 27% impact Orga
Slide 20: Historical Segment Details
19 Historical Segment Details 2022 2023 2024 2025 2026 Full Year $MM Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024 2025 Consumer Payments $61.1 $59.8 $63.0 $64.3 $69.9 $65.9 $68.7 $71.1 $76.1 $69.3 $69.2 $66.3 $71.9 $70.5 $71.7 $71.7 $75.1 $93.7 $248.2 $275.7 $281.0 $285.9 Bus