AcquisitionsMay 4, 2026, 04:18 PM
Repay Holdings to Acquire KUBRA for $372M; Q1 Revenue $80.8M, Net Loss $10M
AI Summary
Repay Holdings announced a significant acquisition of KUBRA for approximately $372 million, expected to close in Q2 2026, and also completed a $22.5 million asset purchase. For the first quarter of 2026, the company reported an increase in revenue to $80.8 million, alongside an expanded net loss of $10 million. Despite the loss, net cash provided by operating activities saw a substantial improvement, though cash and cash equivalents decreased and long-term debt increased.
Key Highlights
- Repay Holdings to acquire KUBRA for approximately $372 million, expected to close in Q2 2026.
- Completed an asset purchase for approximately $22.5 million on March 27, 2026.
- Q1 2026 revenue increased to $80.794 million from $77.325 million year-over-year.
- Q1 2026 net loss expanded to $(10.034) million from $(8.168) million year-over-year.
- Q1 2026 loss per Class A share was $(0.12) compared to $(0.09) year-over-year.
- Net cash provided by operating activities rose to $16.823 million from $2.503 million year-over-year.
- Long-term debt, net, increased to $390.592 million from $280.065 million since Dec 31, 2025.