RPAY — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-10

• Revenue. As our clients process increased volumes of payments, our revenues increase as a result of the fees we charge for processing these payments. Most of our revenues are derived from volume-based payment processing fees (“discount fees”) and other related fixed per transaction fees. Discount fe…

• Selling, general and administrative expenses were $46.2 million for the three months ended June 30, 2026, and $32.9 million for the three months ended June 30, 2025, an increase of $13.4 million or 40.8%, primarily due to a $5.0 million increase from the KUBRA Acquisition, a $3.9 million increase in…

• Depreciation and amortization expenses were $27.6 million for the three months ended June 30, 2026, and $25.5 million for the three months ended June 30, 2025, an increase of $2.2 million or 8.6%, primarily driven by an increase in client relationships amortization and depreciation and amortization …

• We incurred a non-cash impairment loss of $103.8 million during the three months ended June 30, 2025, primarily due to a $103.2 million goodwill impairment loss related to the Consumer Payments segment. The fair value of the Consumer Payments reporting unit was primarily impacted by a change in the …

• Interest income was $0.3 million for the three months ended June 30, 2026, and $1.2 million for the three months ended June 30, 2025, due to lower average interest rates earned on our cash and cash equivalents.

Text removed vs the prior filing · source: 10-Q · 2026-05-04

• Revenue. As our clients process increased volumes of payments, our revenues increase as a result of the fees we charge for processing these payments. Most of our revenues are derived from volume-based payment processing fees (“discount fees”) and other related fixed per transaction fees. Discount fe…

• Selling, general and administrative expenses were $36.0 million for the three months ended March 31, 2026, and $37.0 million for the three months ended March 31, 2025, a decrease of $1.0 million or 2.7%, primarily due to a 2.1 million decrease in transaction expenses and a $0.3 million decrease in e…

• Depreciation and amortization expenses were $25.5 million for the three months ended March 31, 2026, and $25.3 million for the three months ended March 31, 2025, an increase of $0.2 million or 0.8%, primarily driven by an increase in software amortization.

• Interest income was $0.4 million for the three months ended March 31, 2026, and $1.4 million for the three months ended March 31, 2025, due to lower average interest rates earned on our cash and cash equivalents.

• Interest expense was $3.8 million for the three months ended March 31, 2026, and $3.1 million for the three months ended March 31, 2025, due to a higher outstanding principal balance under the convertible senior notes and revolving credit facility.

Text added vs the prior filing · source: 10-Q · 2026-08-10

• adjusted SOFR rate plus a margin of 5.5%, in each case as set forth in the Credit Agreement. The Revolving Credit Facility borrowings under the Credit Agreement accrue interest at either a base rate, described above under “Liquidity and Capital Resources — Indebtedness,” plus a margin of 2.75% to 3.…

Text added vs the prior filing · source: 10-Q · 2026-08-10

• the incurrence of indebtedness in connection with the acquisition, which increased our leverage and debt service obligations and may reduce our financial flexibility;

• diversion of management's attention to integrate KUBRA’s operations following the closing of the acquisition;

• significant transactions costs and expenses associated with the acquisition; and

• potential loss of key KUBRA employees, partners or customers, or other adverse effects on existing business relationships with partners or customers, including as a result of uncertainty following the acquisition.

• Our acquisitions, including the KUBRA Acquisition, subject us to a variety of risks relating to the integration and operation of those acquisitions or otherwise that could harm our business and the anticipated benefits from our acquisitions may not be realized on the expected timeline or at all.

Text removed vs the prior filing · source: 10-Q · 2026-05-04

• delays in completing the acquisition within the expected time period and the risk that the acquisition may not be completed at all;

• the occurrence of any fact, event, change, development or circumstance that could give rise to the termination of the KUBRA purchase agreement;

• the failure to satisfy any of the conditions to the consummation of the acquisition, including the receipt of certain governmental or regulatory approvals;

• the risk that the financing necessary to consummate the acquisition may not be obtained, may be delayed, or may be available only on less favorable terms than anticipated;

• the incurrence of indebtedness in connection with the acquisition, which will increase our leverage and debt service obligations and may reduce our financial flexibility;

Text added vs the prior filing · source: 10-Q · 2026-08-10

• On June 16, 2026, Tyler B. Dempsey, our General Counsel, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defenses of Rule 10b5-1(c) for the sale of up to 100,000 shares of our Class A common stock. The duration of this trading arrangement is until May 7, 2027 (o…