Quarterly ResultMay 7, 2026, 04:13 PM
Shift4 Payments Reports Q1 Net Loss; Completes Up-C Collapse & Bambora Acquisition
AI Summary
Shift4 Payments reported a net loss attributable to common stockholders of $1 million, or $(0.01) per share, for Q1 2026, compared to a net income of $17 million, or $0.24 per share, in Q1 2025. Gross revenue increased significantly to $1.12 billion from $848 million year-over-year. The company completed its "Up-C Collapse" simplification transactions in February 2026, streamlining its corporate structure. Additionally, Shift4 Payments acquired Bambora for $92 million in cash and repurchased $295 million of Class A common stock during the quarter.
Key Highlights
- Completed "Up-C Collapse" simplification transactions in February 2026.
- Acquired Worldline's North American subsidiaries (Bambora) for $92 million cash.
- Q1 2026 gross revenue increased to $1.12 billion from $848 million YoY.
- Q1 2026 net loss attributable to common stockholders was $1 million.
- Basic EPS was $(0.01) in Q1 2026, down from $0.24 in Q1 2025.
- Repurchased 5,485,241 Class A common shares for $295 million.
- Net cash provided by operating activities rose to $134 million from $96 million.
- Term Loan interest rate reduced from 2.50% to 2.00% (SOFR).