Repay Holdings Corp: what the price is pricing in

There is no current cash flow reading for Repay Holdings Corp: its latest is from September 30, 2025. Switch lens below to see the other readings and how trading the gap would have done.

No published rating for Repay Holdings Corp: held for review: our cash-flow value ($36.70) was left out of our combined valuation (it is 8.01x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. The readings below run our models backwards for research and show how trading the gap would have done; they are not a valuation or a rating. The valuation page shows the models and their status.

What growth in cash flow is the price paying for?

No current reading. The latest is from September 30, 2025: the figures this lens needs have not been filed recently enough (or no longer apply), so there is no position this quarter.

Quarters with a position110 long, 11 short, since March 31, 2023

Beat the S&P 5006 of 1154.5% of quarters held

Strategy against the index+121.3%cumulative; worst fall -27.7%

$10,000 became$38,087S&P 500 bought and held: $17,263

Over time

The growth in owner earnings (free cash flow after stock-based pay) that would justify the share price in our discounted-cash-flow model, against the growth the model itself assumes from the company's record.

Growth our model assumes Growth the price implies Long quarter Short quarter. Lower panel: the share price at each quarter end, adjusted for later share splits and spin-offs (the table below gives the price as traded).

$10,000 trading the gap vs the S&P 500

StrategyS&P 500, buy and hold Hypothetical, before costs. The strategy holds the S&P 500 and only changes on a signal: it switches into RPAY in long quarters and adds a short of RPAY in short quarters. The gap between the lines is what the signal added or lost.

Skill or luck?

In plain English: Across 11 quarters with a position, this lens beat the S&P 500 in 6, by +8.7% a quarter on average. That is suggestive but could still be chance. One company is a small sample: the results across all companies are the better guide.

Positions	Quarters	Beat the S&P 500	Average vs S&P 500, a quarter	Typical (median), a quarter	A year	Confidence (t)	Evidence
Longs	0	—	—	—	—	—	—
Shorts	11	54.5%	+8.7%	+8.4%	+33.5%	1.73	Some evidence
All positions	11	54.5%	+8.7%	+8.4%	+33.5%	1.73	Some evidence

Each position is measured against the S&P 500 over the same quarter: a long earns the stock's return minus the index's, a short the index's minus the stock's. "A year" compounds the per-quarter results. Evidence: strong at a t-statistic of 2 or more, some from 1.5; "worse" when the result is that far below zero; one company's history is a small sample, so read these alongside the results across all companies.

Every quarter (11)

From	Price paid	Growth the price implies	Growth our model assumes	Position	RPAY	S&P 500
September 30, 2025	$5.23	100.0%*	3.9%	Short	−30.2%	+2.7%
June 30, 2025	$4.82	100.0%*	5.6%	Short	+8.5%	+8.1%
March 31, 2025	$5.57	100.0%*	9.1%	Short	−13.5%	+10.8%
December 31, 2024	$7.63	100.0%*	11.0%	Short	−27.0%	−4.3%
September 30, 2024	$8.16	100.0%*	9.4%	Short	−6.5%	+2.5%
June 30, 2024	$10.56	100.0%*	10.2%	Short	−22.7%	+5.8%
March 31, 2024	$11.00	100.0%*	10.6%	Short	−4.0%	+4.4%
December 31, 2023	$8.54	100.0%*	11.7%	Short	+28.8%	+10.4%
September 30, 2023	$7.59	100.0%*	13.0%	Short	+12.5%	+11.6%
June 30, 2023	$7.83	100.0%*	20.0%	Short	−3.1%	−3.2%
March 31, 2023	$6.57	100.0%*	20.0%	Short	+19.2%	+8.7%

Price paid: the closing price that day as traded, before any later share split. * At the edge of the range we solve for.

What growth in earnings is the price paying for?

No current reading. The latest is from March 31, 2023: the figures this lens needs have not been filed recently enough (or no longer apply), so there is no position this quarter.

Quarters with a position10 long, 1 short, since March 31, 2023

Beat the S&P 5000 of 10.0% of quarters held

Strategy against the index−10.5%cumulative; worst fall -10.5%

Over time

The earnings growth the price-to-earnings ratio requires, against the growth our model assumes. Net income is already after interest, so it is valued at the return shareholders require, plus spare cash (none for banks and insurers, whose cash is funded by deposits and policies), with no debt subtracted.

Growth our model assumes Growth the P/E implies Long quarter Short quarter. Lower panel: the share price at each quarter end, adjusted for later share splits and spin-offs (the table below gives the price as traded).

Skill or luck?

In plain English: With only 1 quarters of positions, Repay Holdings Corp's own record is too short to tell skill from luck. The results across all companies on the priced-in page are the better guide.

Positions	Quarters	Beat the S&P 500	Average vs S&P 500, a quarter	Typical (median), a quarter	A year	Confidence (t)	Evidence
Longs	0	—	—	—	—	—	—
Shorts	1	0.0%	−10.5%	−10.5%	−35.8%	—	Too few quarters
All positions	1	0.0%	−10.5%	−10.5%	−35.8%	—	Too few quarters

Every quarter (1)

From	Price paid	Growth the P/E implies	Growth our model assumes	Position	RPAY	S&P 500
March 31, 2023	$6.57	100.0%*	20.0%	Short	+19.2%	+8.7%

Price paid: the closing price that day as traded, before any later share split. * At the edge of the range we solve for.

What return on equity is the price paying for?

No current reading. The latest is from September 30, 2025: the figures this lens needs have not been filed recently enough (or no longer apply), so there is no position this quarter.

Quarters with a position110 long, 11 short, since March 31, 2023

Beat the S&P 5006 of 1154.5% of quarters held

Strategy against the index+121.3%cumulative; worst fall -27.7%

$10,000 became$38,087S&P 500 bought and held: $17,263

Over time

The return on equity that justifies the price-to-book ratio, (P/B)(r − g) + g with an 8.5% required return and 2.5% long-run growth, against the return the company delivered last year.

Return on equity delivered Return on equity the price implies Long quarter Short quarter. Lower panel: the share price at each quarter end, adjusted for later share splits and spin-offs (the table below gives the price as traded).

$10,000 trading the gap vs the S&P 500

Skill or luck?

Positions	Quarters	Beat the S&P 500	Average vs S&P 500, a quarter	Typical (median), a quarter	A year	Confidence (t)	Evidence
Longs	0	—	—	—	—	—	—
Shorts	11	54.5%	+8.7%	+8.4%	+33.5%	1.73	Some evidence
All positions	11	54.5%	+8.7%	+8.4%	+33.5%	1.73	Some evidence

Every quarter (11)

From	Price paid	Return on equity the price implies	Return on equity delivered	Position	RPAY	S&P 500
September 30, 2025	$5.23	4392.2%	-15.3%	Short	−30.2%	+2.7%
June 30, 2025	$4.82	3408.6%	-1.6%	Short	+8.5%	+8.1%
March 31, 2025	$5.57	3228.8%	-1.3%	Short	−13.5%	+10.8%
December 31, 2024	$7.63	6258.5%	-9.7%	Short	−27.0%	−4.3%
September 30, 2024	$8.16	5515.8%	-10.5%	Short	−6.5%	+2.5%
June 30, 2024	$10.56	7104.4%	-10.6%	Short	−22.7%	+5.8%
March 31, 2024	$11.00	7390.6%	-12.9%	Short	−4.0%	+4.4%
December 31, 2023	$8.54	5309.3%	-4.9%	Short	+28.8%	+10.4%
September 30, 2023	$7.59	4624.9%	-3.6%	Short	+12.5%	+11.6%
June 30, 2023	$7.83	4781.4%	-3.1%	Short	−3.1%	−3.2%
March 31, 2023	$6.57	4687.1%	1.4%	Short	+19.2%	+8.7%

Price paid: the closing price that day as traded, before any later share split.

How the test works

At each quarter end since March 2010 we rebuild the models from Repay Holdings Corp's quarters ending at least 90 days earlier (and no more than 200 days before that), using the figures as later filed, including any restatement, and value them at that day's close, adjusted for later share splits and spin-offs so that price and share count are on the same basis. A wide enough gap is a long or a short for one quarter (growth 10 points; margin and return on equity 5 points; a PEG under 0.75 or over 3), measured on total return against the S&P 500. The rules were set before the test. No trading or borrowing costs; today's list of companies. Not investment advice. All companies and the results across them.

Compare with peers

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Figures from Repay Holdings Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Repay Holdings Corp.