Latest Ratios: P/E Ratio -1.3x · EV/EBITDA 7.5x · ROE -40.9%. (2016–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $356M | $312M | $686M | $769M | $891M | $1.5B | $1.4B | $550M | $319M | — | — |
| Enterprise Value | $677M | $633M | $1.0B | $1.1B | $1.3B | $1.9B | $1.6B | $739M | $413M | — | — |
| P/E Ratio → | -1.35 | — | — | — | 67.08 | — | — | 52.32 | 209.75 | — | — |
| P/S Ratio | 1.15 | 1.01 | 2.19 | 2.59 | 3.19 | 6.94 | 9.17 | 5.26 | 2.46 | — | — |
| P/B Ratio | 0.72 | 0.65 | 0.89 | 0.93 | 0.96 | 1.67 | 2.56 | 1.19 | 1.26 | — | — |
| P/FCF | 3.91 | 3.43 | 6.52 | 19.59 | 25.69 | 51.04 | 337.43 | 26.71 | — | — | — |
| P/OCF | 3.91 | 3.43 | 4.57 | 7.42 | 12.00 | 28.54 | 49.92 | 25.83 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.05 | 3.21 | 3.69 | 4.61 | 8.81 | 10.31 | 7.06 | 3.18 | — | — |
| EV / EBITDA | 7.52 | 7.04 | 10.48 | — | 21.27 | 70.94 | 55.49 | — | 44.59 | — | — |
| EV / EBIT | — | — | — | — | 66.76 | — | — | — | 24.89 | — | — |
| EV / FCF | — | 6.95 | 9.55 | 27.87 | 37.13 | 64.77 | 379.18 | 35.88 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.0% | 75.0% | 77.1% | 76.5% | 76.8% | 74.7% | 73.3% | 75.3% | 99.1% | 38.7% | 35.3% |
| Operating Margin | -3.9% | -3.9% | -2.5% | -37.6% | -16.9% | -24.6% | -20.6% | -46.1% | -0.9% | 17.4% | 2.1% |
| Net Profit Margin | -83.0% | -83.0% | -3.2% | -37.2% | 4.6% | -22.8% | -68.1% | -52.9% | 1.2% | 10.1% | -0.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -40.9% | -40.9% | -1.3% | -12.6% | 1.4% | -6.8% | -20.8% | -15.5% | 1.2% | 19.0% | -0.5% |
| ROA | -18.5% | -18.5% | -0.7% | -7.0% | 0.8% | -3.6% | -11.2% | -10.6% | 1.2% | 11.5% | -0.3% |
| ROIC | -1.0% | -1.0% | -0.5% | -6.7% | -2.7% | -3.9% | -3.5% | -7.3% | -0.5% | 15.8% | — |
| ROCE | -1.0% | -1.0% | -0.5% | -7.4% | -3.0% | -4.1% | -3.6% | -9.7% | -0.9% | 21.0% | 1.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.91 | 0.91 | 0.66 | 0.53 | 0.50 | 0.50 | 0.48 | 0.46 | 0.37 | 7.94 | 0.59 |
| Debt / EBITDA | 4.85 | 4.85 | 5.30 | — | 7.63 | 16.88 | 9.27 | — | 10.16 | 0.01 | 10.86 |
| Net Debt / Equity | — | 0.67 | 0.41 | 0.39 | 0.43 | 0.45 | 0.32 | 0.41 | 0.37 | 6.63 | 0.57 |
| Net Debt / EBITDA | 3.57 | 3.57 | 3.32 | — | 6.56 | 15.04 | 6.11 | — | 10.15 | 0.01 | 10.35 |
| Debt / FCF | — | 3.53 | 3.03 | 8.28 | 11.45 | 13.73 | 41.75 | 9.17 | — | 0.01 | 22.73 |
| Interest Coverage | -18.86 | -18.86 | -0.39 | -24.41 | 4.41 | -12.50 | -2.39 | -3.10 | 2.74 | 2.66 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.82 | 0.82 | 2.69 | 3.14 | 1.42 | 1.04 | 1.82 | 0.85 | 0.75 | 0.16 | 0.69 |
| Quick Ratio | 0.82 | 0.82 | 2.69 | 3.14 | 1.42 | 1.04 | 1.82 | 0.85 | 19.39 | 31.25 | 0.69 |
| Cash Ratio | 0.48 | 0.48 | 1.85 | 2.06 | 0.79 | 0.54 | 1.39 | 0.48 | 0.34 | 0.16 | 0.33 |
| Asset Turnover | — | 0.26 | 0.20 | 0.20 | 0.17 | 0.13 | 0.14 | 0.13 | 0.49 | 532.81 | 0.50 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 42.93 | 38.42 | 44.32 | 43.85 | 55.33 | 50.17 | 51.05 | 16.79 | — | 12.59 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 0.3% | 0.5% | 0.1% | 0.0% | 0.1% | 1.3% | 2.0% | — | — |
| Payout Ratio | — | — | — | — | 7.4% | — | — | — | 414.1% | 58.0% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 1.5% | — | — | 1.9% | 0.5% | — | — |
| FCF Yield | 25.6% | 29.2% | 15.3% | 5.1% | 3.9% | 2.0% | 0.3% | 3.7% | — | — | — |
| Buyback Yield | 10.8% | 12.3% | 6.1% | 0.3% | 1.1% | 0.3% | 0.1% | 0.8% | 0.0% | — | — |
| Total Shareholder Yield | 10.8% | 12.3% | 6.4% | 0.8% | 1.2% | 0.3% | 0.2% | 2.1% | 2.0% | — | — |
| Shares Outstanding | — | $86M | $90M | $90M | $111M | $83M | $52M | $38M | $32M | $7M | $7M |
M&A integration and impairment
Based on current market data, RPAY trades at a forward P/E of 3.86, which suggests that investors are heavily discounting the company's future earnings potential compared to broader software infrastructure peers, likely due to the persistent volatility in its core non-prime lending repayment volume.
The low P/S multiple of 1.02 indicates that the market is skeptical of the company's ability to return to historical growth rates, effectively pricing the stock as a value-trap rather than a growth-oriented fintech. This valuation appears to account for the significant risk of further goodwill impairments, which would continue to depress book value and distort traditional earnings-based metrics.
As reported in recent financial statements, RPAY's ROIC has trended into negative territory, reaching -0.0% in 2026Q1, which indicates that the capital deployed through past acquisitions is currently failing to generate returns that exceed the company's cost of capital, signaling a structural decay in value creation.
The persistent inability to maintain positive ROIC suggests that the company's M&A-heavy strategy has resulted in an asset base that is not producing sufficient operational synergies. Investors should monitor whether management can pivot toward organic efficiency, as the current trend implies that capital allocation has been suboptimal relative to the company's historical performance.
According to quarterly filings, RPAY's DSO has fluctuated significantly, spiking to 158 days in 2025Q3 before moderating, which highlights the inherent instability in the company's collection cycles and suggests that the firm lacks the leverage to enforce tighter payment terms on its specialized lending merchant base.
The lack of consistent DPO data makes it difficult to assess the full cash conversion cycle, but the high DSO relative to industry norms suggests that the company may be carrying significant credit risk on its own balance sheet. This inefficiency in working capital management appears to be a primary driver of the company's erratic free cash flow generation.
Based on the provided financial data, RPAY's interest coverage ratio has frequently dipped into negative territory, including a -31.26 reading in 2025Q4, which indicates that the company's ability to service its debt obligations is highly sensitive to operational shocks and non-cash accounting adjustments.
While the D/E ratio has shown recent improvement, the underlying volatility in debt-to-EBITDA suggests that the company's leverage profile remains vulnerable to any further contraction in core transaction volumes. The reliance on debt to fund past growth, combined with negative operating margins, warrants further investigation into the company's long-term solvency and refinancing risk.
Analysts frequently over-rely on RPAY's 75% gross margin as a proxy for operational health, yet this metric obscures the reality that the company's net losses are driven by heavy amortization and overhead, which are not captured in the gross margin calculation for this specific business model.
Focusing on gross margin ignores the high variable costs and the significant non-cash charges associated with the company's aggressive acquisition history. A more accurate assessment of earning power would require adjusting for these non-cash items to determine if the core business can ever achieve sustainable profitability without further M&A-driven revenue growth.
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Quick answers to the most common questions about buying RPAY stock.
Repay Holdings Corporation's current P/E ratio is -1.3x. The historical average is 59.7x.
Repay Holdings Corporation's current EV/EBITDA is 7.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 35.0x.
Repay Holdings Corporation's return on equity (ROE) is -40.9%. The historical average is -7.7%.
Based on historical data, Repay Holdings Corporation is trading at a P/E of -1.3x. Compare with industry peers and growth rates for a complete picture.
Repay Holdings Corporation has 75.0% gross margin and -3.9% operating margin.
Repay Holdings Corporation's Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.