Financial Performance - Q4 2024 revenue increased by 3% year-over-year to $78.3 million, with full year revenue growth of 6% to $313.0 million[2]. - Gross profit for Q4 2024 grew by 2% year-over-year to $59.7 million, with full year gross profit increasing by 6% to $241.4 million[2]. - Adjusted EBITDA for Q4 2024 rose by 9% year-over-year to $36.5 million, reflecting strong operational performance[2]. - Revenue for Q4 2024 was $78,271,000, representing a 3.9% increase from $75,987,000 in Q4 2023[26]. - Total revenue for the year 2024 reached $313,042,000, up 5.5% from $296,627,000 in 2023[26]. - Adjusted EBITDA for the full year 2024 was $140,810,000, compared to $126,806,000 in 2023, marking an increase of 11%[35]. - The company reported a net loss of $10,345,000 for the full year 2024, an improvement from a net loss of $117,420,000 in 2023[35]. - Adjusted Net Income for the full year 2024 was $87,818,000, up from $84,942,000 in 2023, an increase of 2.1%[35]. Cash Flow and Expenses - Free Cash Flow for Q4 2024 was $23.5 million, an 8% increase year-over-year, with Free Cash Flow Conversion at 64%[2]. - Adjusted Free Cash Flow Conversion improved from 42% in 2023 to 75% in 2024, showcasing enhanced cash flow efficiency[5]. - Net cash provided by operating activities for 2024 was $150,090,000, compared to $103,614,000 in 2023, marking a 44.8% increase[30]. - Free cash flow for the three months ended December 31, 2024, was $23,459,000, compared to $21,787,000 in 2023, reflecting an increase of 7.7%[36]. - Free cash flow conversion rate for the year ended December 31, 2024, was 75%, up from 42% in 2023[36]. - Total capital expenditures for the year ended December 31, 2024, were $44,853,000, a decrease from $50,816,000 in 2023, indicating a reduction of 11.7%[36]. Operating Performance - Operating expenses for Q4 2024 were $79,441,000, a significant decrease from $154,401,000 in Q4 2023, primarily due to the absence of impairment losses[26]. - Total operating expenses for the full year 2024 were $320,812,000, down from $408,040,000 in 2023, a decrease of 21.4%[35]. - Total depreciation and amortization for the year ended December 31, 2024, was $103,710,000, consistent with $103,857,000 in 2023[38]. Segment Performance - Consumer Payments segment revenue decreased by 7% year-over-year in Q4 2024, while Business Payments segment revenue increased by 76% year-over-year[14]. - The Company experienced a 60% year-over-year growth in Business Payments gross profit, driven by strong contributions from the political media vertical[12]. - Instant funding volumes increased by approximately 34% year-over-year, indicating strong demand for payment solutions[12]. Strategic Initiatives - The Company is undergoing a strategic review process to explore various alternatives, including potential M&A opportunities[6]. - The Board has not set a deadline for the strategic review process, which aims to enhance shareholder value[6]. Balance Sheet Highlights - Cash and cash equivalents increased to $189,530,000 as of December 31, 2024, up from $118,096,000 in 2023[28]. - Total assets as of December 31, 2024, were $1,571,908,000, compared to $1,519,833,000 in 2023, reflecting a growth of 3.4%[28]. - Long-term debt increased to $496,778,000 in 2024 from $434,166,000 in 2023, indicating a rise of 14.4%[28]. - The Company issued $287,500,000 in long-term debt during 2024, which contributed to its cash flow[30]. Shareholder Information - The weighted-average shares of Class A common stock outstanding were 88,392,571 for Q4 2024, down from 91,206,870 in Q4 2023[26]. - Weighted average shares of Class A common stock outstanding for the year ended December 31, 2024, were 89,915,137, down from 90,048,638 in 2023[41].

Exhibit 99.3 Investor Presentation November 2024 1 Disclaimer On July 11, 2019 (the "Closing Date"), Thunder Bridge Acquisition Ltd. ("Thunder Bridge") and Hawk Parent Holdings LLC ("Hawk Parent") completed a business combination (the "Business Combination") under which Thunder Bridge acquired Hawk Parent, upon which Thunder Bridge changed its name to Repay Holdings Corporation ("REPAY" or the "Company"). The Company's filings with the Securities and Exchange Commission ("SEC"), which you may obtain for fre ...

Financial Data and Key Metrics Changes - In Q3 2024, REPAY reported revenue of $79.1 million, a 6% increase year-over-year [22] - Gross profit grew by 9% year-over-year, with adjusted EBITDA increasing by approximately 10% [6][22] - Free cash flow conversion was 139%, with reported free cash flow of $48.8 million [6][23] Business Line Data and Key Metrics Changes - Consumer Payments segment gross profit grew by 2% in Q3 and 6% year-to-date [23] - Business Payments segment gross profit increased by 67% in Q3 and 33% year-to-date, driven by strength in core AP business and political media vertical [14][23] Market Data and Key Metrics Changes - The company added 13 new credit unions in Q3, bringing the total to 313 [9] - The Instant Funding product saw transaction volume increase by approximately 24% year-over-year [12] Company Strategy and Development Direction - The company is focused on three main strategic initiatives: go-to-market efficiency, client implementations, and product focus [7] - The company aims to leverage its 276 integrated software partners to enhance product offerings and sales pipelines [19] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer spending trends are normalizing, impacting growth in certain verticals [33] - The outlook for 2024 includes expected revenue between $314 million and $320 million, with adjusted EBITDA growth anticipated to outpace revenue growth [28][30] Other Important Information - The company completed a convertible notes offering and extended its revolving credit facility, maintaining a strong balance sheet with $419 million in total liquidity [20][25] - The company is open to strategic M&A opportunities while focusing on organic growth [66] Q&A Session Summary Question: Organic growth in consumer payments and headwinds faced - Management noted that consumer spending normalization and a client loss impacted organic growth, with expectations for mid to high single-digit growth in Q4 [33][34] Question: Business Payments growth and corporate spending patterns - Management highlighted strong growth in Business Payments, particularly from political media contributions, while acknowledging some softness in corporate spending [35] Question: Progress on mortgage debit service offerings - Management confirmed that processing for mortgage debit acceptance began in Q3, with expectations for multi-year growth starting in 2025 [38][39] Question: Framework for FY 2025 growth - Management indicated that while it's early to provide specifics, they are confident in their revenue model and are planning for growth opportunities [47][49] Question: Organic gross profit growth deceleration - Management attributed the deceleration to client loss, consumer spending softness, and implementation delays, quantifying the impact on growth [59] Question: Instant Funding growth drivers - Management noted that Instant Funding is primarily used for personal loans and represents about 20% of revenue in consumer payments, with significant monetization opportunities [61][63] Question: Current M&A strategy and valuation - Management stated that they are seeing increased activity in the M&A market and are focused on attractive valuations for embedded software and payments [64][66]

Core Viewpoint - Repay Holdings reported quarterly earnings of $0.23 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.21 per share a year ago [1] - The company also posted revenues of $79.15 million for the quarter, exceeding the Zacks Consensus Estimate by 0.58% and up from $74.32 million year-over-year [2] Earnings Performance - The earnings surprise for the previous quarter was 10%, with actual earnings of $0.22 per share compared to an expected $0.20 [1] - Over the last four quarters, Repay Holdings has surpassed consensus EPS estimates three times [1] Revenue Performance - The company has topped consensus revenue estimates four times over the last four quarters [2] - Current consensus EPS estimate for the upcoming quarter is $0.24 on revenues of $82.76 million, and for the current fiscal year, it is $0.92 on revenues of $317.8 million [7] Stock Performance - Repay Holdings shares have increased by approximately 5.4% since the beginning of the year, while the S&P 500 has gained 25.8% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Industry Outlook - The Financial Transaction Services industry is currently ranked in the bottom 47% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that tracking these revisions can be beneficial for investors [5]

Financial Performance - Total revenue for the three months ended September 30, 2024, was $79,145,000, an increase of 6.3% compared to $74,320,000 for the same period in 2023[7]. - Net income attributable to the Company for the three months ended September 30, 2024, was $3,243,000, compared to a net loss of $6,168,000 for the same period in 2023[7]. - Operating expenses for the three months ended September 30, 2024, totaled $79,820,000, slightly up from $79,439,000 for the same period in 2023[7]. - The Company reported a basic income per share of $0.04 for the three months ended September 30, 2024, compared to a loss of $0.07 for the same period in 2023[6]. - The Company experienced a loss from operations of $675,000 for the three months ended September 30, 2024, compared to a loss of $5,119,000 for the same period in 2023[7]. - Net income for the three months ended September 30, 2024, was $3.2 million, compared to a net loss of $6.5 million for the same period in 2023[110]. - Adjusted Net Income for the three months ended September 30, 2024, was $21,245,000, compared to $19,896,000 in 2023, reflecting a 6.8% increase[148]. - Adjusted EBITDA for the three months ended September 30, 2024, was $35.1 million, a 10.2% year-over-year increase from $31.9 million in 2023[154]. Revenue Segmentation - Consumer Payments revenue for the nine months ended September 30, 2024, was $214,617, compared to $204,622 in 2023, indicating an increase of 4.9%[29]. - Business Payments revenue for the nine months ended September 30, 2024, was $35,566, up from $28,170 in 2023, showing a significant growth of 26.2%[30]. - The Consumer Payments segment generated approximately 81% of total revenue for the three months ended September 30, 2024, compared to 87% for the same period in 2023[89]. - The Business Payments segment contributed approximately 19% of total revenue for the three months ended September 30, 2024, up from 13% in the same period in 2023[91]. - Business Payments segment revenue surged by $5.6 million or 57.6% year-over-year to $15.3 million for the three months ended September 30, 2024[131]. Assets and Liabilities - Total current assets increased to $224,769,000 as of September 30, 2024, from $169,322,000 as of December 31, 2023, representing a growth of 32.7%[5]. - Total liabilities rose to $794,569,000 as of September 30, 2024, compared to $689,045,000 as of December 31, 2023, indicating an increase of 15.3%[5]. - Long-term debt increased to $496,214,000 as of September 30, 2024, from $434,166,000 as of December 31, 2023, reflecting a rise of 14.3%[5]. - Total equity decreased to $769,699,000 as of September 30, 2024, from $830,788,000 as of December 31, 2023, a decline of 7.3%[5]. - Total assets as of September 30, 2024, were $217,755,000, with cash and cash equivalents amounting to $168,715,000[38]. Cash Flow and Investments - Net cash provided by operating activities for the nine months ended September 30, 2024, was $115,838, compared to $68,751 for the same period in 2023, representing an increase of 68.4%[15]. - Cash, cash equivalents, and restricted cash at the end of the period increased to $215,255 from $141,390, marking a rise of 52.2%[15]. - Net cash used in investing activities was $34.1 million for the nine months ended September 30, 2024, primarily due to software development capitalization[165]. - The Company expects cash flow from operations and available borrowing capacity to be sufficient to fund operations and capital expenditures for the next twelve months[160]. Debt and Financing - The company issued long-term debt amounting to $287,500 during the nine months ended September 30, 2024[15]. - The Company repurchased $220.0 million of the 2026 Notes at a discount, resulting in a gain of $13.1 million for the three and nine months ended September 30, 2024[55]. - As of September 30, 2024, the Company had convertible senior notes outstanding of $496.2 million, net of deferred issuance costs[175]. - The company increased its senior secured credit facilities to a $250.0 million revolving credit facility on July 10, 2024[191]. Expenses - Selling, general and administrative expenses rose by $1.4 million or 4.0% to $36.7 million for the three months ended September 30, 2024, primarily due to increased legal and equity compensation expenses[112]. - Total operating expenses for the nine months ended September 30, 2024, were $241,371,000, down from $253,589,000 in 2023, a decrease of 4.8%[150]. - Stock-based compensation for the quarter was $5,686,000, showing an increase from $5,684,000 in the previous quarter[10]. Taxation - The effective tax rate for the three months ended September 30, 2024, was (18.2)%, compared to 24% for the same period in 2023, indicating a significant decrease[79]. - The Company recorded an income tax expense of $1.5 million for the three months ended September 30, 2024, and an income tax benefit of $0.1 million for the nine months ended September 30, 2024[79]. Strategic Initiatives - The company plans to continue its market expansion and product development initiatives in the upcoming quarters[12]. - The company is actively pursuing strategic acquisitions to enhance its market position and product offerings[12]. Shareholder Information - The Company repurchased 158,496 shares for approximately $1.3 million during the three months ended September 30, 2024, with $36.2 million remaining under the Share Repurchase Program[162]. - The number of Class A shares outstanding increased to 90,936,507 as of September 30, 2023, from 90,294,728 as of June 30, 2023[10].

Financial Performance - Q3 2024 revenue reached $79.1 million, a 6% year-over-year increase[2] - Gross profit for Q3 2024 was $61.6 million, reflecting a 9% growth compared to the previous year[2] - Adjusted EBITDA for Q3 2024 was $35.1 million, representing a 10% increase year-over-year[2] - Free Cash Flow for Q3 2024 surged to $48.8 million, a 250% increase compared to the same quarter last year[2] - Revenue for the three months ended September 30, 2024, was $79,145,000, representing an increase from $74,320,000 for the same period in 2023, a growth of 10.3%[20] - Net income for the three months ended September 30, 2024, was $3,215,000, compared to a net loss of $6,484,000 for the same period in 2023, indicating a significant turnaround[20] - Revenue for the nine months ended September 30, 2024, was $234,771 thousand, an increase of 6.1% compared to $220,640 thousand in 2023[27] - Adjusted EBITDA for the nine months ended September 30, 2024, was $104,340 thousand, up 12% from $93,317 thousand in 2023[27] - The company reported a net loss of $6,387 thousand for the nine months ended September 30, 2024, a substantial improvement from a net loss of $39,746 thousand in 2023[27] Cash Flow and Liquidity - Net cash provided by operating activities for the nine months ended September 30, 2024, was $115,838 thousand, compared to $68,751 thousand in 2023, representing a significant increase of 68.4%[24] - Net cash provided by operating activities for Q3 2024 was $60,058,000, compared to $27,967,000 in Q3 2023, representing a 114% increase[30] - Cash and cash equivalents increased to $168,715,000 as of September 30, 2024, up from $118,096,000 at the end of 2023, reflecting improved liquidity[22] - Cash, cash equivalents, and restricted cash at the end of the period increased to $215,255 thousand from $141,390 thousand in 2023, reflecting a growth of 52.2%[24] - Free cash flow for Q3 2024 was $48,818,000, significantly higher than $13,941,000 in Q3 2023, indicating a conversion rate of 139%[30] Operating Expenses and Profitability - Total operating expenses for the three months ended September 30, 2024, were $79,820,000, slightly higher than $79,439,000 for the same period in 2023[20] - Total operating expenses for the nine months ended September 30, 2024, were $241,371 thousand, a decrease of 4.8% from $253,589 thousand in 2023[27] - Loss from operations for the nine months ended September 30, 2024, was $(6,600,000), a significant improvement from $(32,949,000) in the same period of 2023[29] Client and Network Growth - The company added 13 new credit union clients, bringing the total to 313[5] - The AP supplier network expanded to over 330,000, marking a 42% year-over-year increase[4] - Business Payments gross profit grew by approximately 67% year-over-year, while Consumer Payments gross profit increased by about 2%[4] Debt and Liabilities - Long-term debt increased to $496,214,000 as of September 30, 2024, from $434,166,000 at the end of 2023, indicating a rise in leverage[22] - Total liabilities increased to $794,569,000 as of September 30, 2024, from $689,045,000 at the end of 2023, reflecting higher obligations[22] - The company recorded a gain on extinguishment of debt amounting to $13,136,000 for the three months ended September 30, 2024[20] Strategic Outlook - REPAY updated its 2024 revenue outlook to between $314 million and $320 million[10] - The company aims for a Free Cash Flow Conversion target of approximately 65% for 2024[9] - REPAY's strategy includes organic investments, strategic M&A, and opportunistic share repurchases to drive sustainable growth[3] Share Performance - Weighted-average shares of Class A common stock outstanding - basic were 88,263,285 for the three months ended September 30, 2024, down from 91,160,415 for the same period in 2023[20] - The number of Class A common stock shares outstanding as of September 30, 2024, was 96,259,523, slightly down from 96,778,735 in the same period of 2023[29] - The weighted average shares of Class A common stock outstanding (basic) decreased from 91,160,415 in 2023 to 88,263,285 in 2024[38] - The weighted average shares of Class A common stock outstanding (on an as-converted basis) decreased from 97,052,574 in 2023 to 94,074,811 in 2024[38] Amortization and Intangibles - Amortization of intangibles related to past acquisitions will continue to recur in future periods until fully amortized[36] - Future acquisitions may result in the amortization of additional intangibles[36] - The company emphasizes the importance of understanding the impact of intangibles on revenue generation[36]

Financial Data and Key Metrics Changes - In Q2 2024, the company reported revenue of $74.9 million, a 4% increase year-over-year [14] - Gross profit grew by 7% year-over-year, with adjusted EBITDA increasing by approximately 10% [4][14] - Free cash flow conversion was 57%, representing over 90% growth year-over-year [4][14] Business Line Data and Key Metrics Changes - Consumer Payments segment gross profit grew by 7% in Q2 and 8% in the first half of the year [14] - Business Payments segment gross profit increased by 11% in Q2 and 14% in the first half [14] - The Instant Funding product saw transaction volume rise by approximately 21% year-over-year [9] Market Data and Key Metrics Changes - The company added nine new credit unions in Q2, bringing the total to 300 out of approximately 5,000 in the U.S. [6] - The accounts receivable management vertical is expected to experience multiple years of growth [8] Company Strategy and Development Direction - The company is focused on three main strategic initiatives: go-to-market efficiency, client implementations, and product focus [5] - The company aims to capture new payment flows with expertise across Consumer and Business Payments segments [4] - Capital allocation priorities include investing in organic growth opportunities and being open to strategic M&A [13] Management's Comments on Operating Environment and Future Outlook - Management noted a healthy but moderating consumer environment, with no noticeable differences across sub-verticals [22][24] - The company expects revenue for 2024 to be between $214 million and $220 million, with adjusted EBITDA between $139 million and $142 million [17] - Free cash flow conversion is anticipated to accelerate throughout the year, with a target of approximately 60% for the full year [18] Other Important Information - The company completed a convertible notes offering to address half of its 2026 debt maturities and expanded its revolving credit facility [13][16] - Total pro forma outstanding debt is $507.5 million, with net leverage of approximately 2.7x [16] Q&A Session Summary Question: What is the normalized level for free cash flow conversion? - Management expects sustained mid- to high teens growth in free cash flow conversion, targeting 60% for the year [21] Question: What is the overall health of the consumer today? - The consumer environment is healthy but moderating, with consistent trends observed [22][24] Question: What macro trends are assumed within the guidance? - No major changes to macro assumptions; trends remain consistent with prior periods [27] Question: Any updates on M&A pipeline? - The company has a healthy M&A pipeline and is looking at opportunities across both Consumer and Business Payments [29][30] Question: What is the growth rate in Business Payments excluding media spend? - Business Payments reported 11% growth in Q2, with expectations for high teens growth [34] Question: What is the outlook for Instant Funding growth? - The deceleration in growth is attributed to lapping a large client from the previous year, with expectations for consistent trends moving forward [42] Question: How much incremental revenue is expected from the presidential election? - The company expects about 20% growth off the 2022 cycle, with most contributions coming in the back half of the year [40] Question: What is the outlook for organic gross profit growth? - The company anticipates mid- to high single-digit organic growth trajectory, with opportunities for acceleration in the future [46]

Exhibit 99.2 REPAY Realtime Electronic Payments Q2 2024 Earnings Supplement August 2024 Disclaimer 1 Repay Holdings Corporation ("REPAY" or the "Company") is required to file annual, quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission ("SEC") Such filings, which you may obtain for free at the SEC's website at http://www.sec.gov, discuss some of the important risk factors that may affect REPAY's business, results of operations and financial condit ...

Group 1 - Repay Holdings (RPAY) reported quarterly earnings of $0.22 per share, exceeding the Zacks Consensus Estimate of $0.20 per share, and showing an increase from $0.19 per share a year ago, representing a 10% earnings surprise [1] - The company achieved revenues of $74.91 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.27%, and up from $71.78 million year-over-year [2] - Over the last four quarters, Repay Holdings has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2 - The stock has added approximately 1.4% since the beginning of the year, while the S&P 500 has gained 9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.23 on revenues of $79.61 million, and for the current fiscal year, it is $0.91 on revenues of $317.79 million [7] Group 3 - The Zacks Industry Rank indicates that the Financial Transaction Services industry is in the top 33% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for Repay Holdings is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]

Revenue Performance - Total revenue for the six months ended June 30, 2024, was $155,626,000, an increase from $146,320,000 for the same period in 2023, representing a growth of approximately 6.5%[10] - Total revenue for the three months ended June 30, 2024, was $74,906 thousand, an increase from $71,783 thousand for the same period in 2023, representing a growth of approximately 4.9%[30][31] - Total revenue for the first half of 2024 was $155.6 million, a 6.5% increase from $146.3 million in the first half of 2023[134] - Total revenue for Q2 2024 was $74.9 million, a 2.9% increase from $71.8 million in Q2 2023[124] - Revenue for the Consumer Payments segment was $69.3 million for the three months ended June 30, 2024, representing a $3.4 million or 5.1% year-over-year increase from $65.9 million for the same period in 2023[123] - The Consumer Payments segment generated $69.3 million in revenue for the three months ended June 30, 2024, accounting for approximately 92.5% of total revenue, compared to $65.9 million for the same period in 2023[88] Expense Management - Operating expenses for the six months ended June 30, 2024, totaled $161,551,000, down from $174,150,000 in the prior year, indicating a decrease of about 7.2%[10] - Selling, general and administrative expenses were $35.2 million for the three months ended June 30, 2024, a decrease of $2.9 million or 7.7% compared to $38.2 million for the same period in 2023[109] - Selling, general and administrative expenses for the six months ended June 30, 2024, were $72.3 million, a decrease of $4.4 million or 5.8% compared to $76.7 million for the same period in 2023[117] - Costs of services decreased to $16.3 million for the three months ended June 30, 2024, down $0.5 million or 3.1% from $16.8 million for the same period in 2023[108] Profitability and Loss - The net loss attributable to the company for the three months ended June 30, 2024, was $4,643,000, compared to a net loss of $31,035,000 for the same period in 2023, reflecting a significant improvement[10] - Net loss for the six months ended June 30, 2024, was $9,602,000, compared to a net loss of $33,262,000 for the same period in 2023, representing a 71% improvement[18] - The net loss for the three months ended June 30, 2024, was $4.2 million, a slight improvement from a net loss of $5.3 million for the same period in 2023[88] - The net loss attributable to the Company for the three months ended June 30, 2024, was $(4,071) thousand, compared to a net loss of $(4,643) thousand for the same period in 2023, indicating an improvement of approximately 12.3%[33] Cash Flow and Liquidity - Cash and cash equivalents increased to $147,092,000 as of June 30, 2024, up from $118,096,000 at the end of 2023, marking a growth of approximately 24.5%[7] - Cash provided by operating activities for the six months ended June 30, 2024, was $55,780,000, an increase from $40,784,000 in 2023, indicating a 37% growth[18] - Net cash provided by operating activities increased to $55.8 million for the six months ended June 30, 2024, compared to $40.8 million for the same period in 2023, reflecting a growth of 36.5%[146] - As of June 30, 2024, the company had $147.1 million in cash and cash equivalents, with an available borrowing capacity of $185.0 million under the Amended Credit Agreement[142] Debt and Liabilities - Long-term debt remained relatively stable at $435,589,000 as of June 30, 2024, compared to $434,166,000 at the end of 2023[7] - Total liabilities increased slightly to $690,940,000 as of June 30, 2024, from $689,045,000 at December 31, 2023[7] - The company had $0 drawn against the revolving credit facility as of June 30, 2024, with interest expense totaling $1.8 million for the six months ended June 30, 2024[52] - As of June 30, 2024, the company had convertible senior debt outstanding of $435.6 million, net of deferred issuance costs, under the 2026 Notes[153] Equity and Shareholder Information - Total equity as of June 30, 2024, was $830,725,000, a slight decrease from $830,788,000 at December 31, 2023[8] - The company repurchased approximately $220.0 million of the 2026 Notes on July 8, 2024, using proceeds from the offering of 2029 Notes[151] - The company has $37.5 million remaining capacity under its share repurchase program as of June 30, 2024[144] - The total fair value of PSUs, RSAs, and RSUs vested during the six months ended June 30, 2024, was $11.3 million, with unrecognized compensation expense related to unvested awards at $38.2 million[70] Tax and Regulatory Matters - The effective tax rate for the three months ended June 30, 2024, was 31.8%, compared to 19% for the same period in 2023, indicating an increase of 12.8 percentage points[76] - The company recorded an income tax benefit of $2.0 million for the three months ended June 30, 2024, compared to an income tax benefit of $1.1 million for the same period in 2023[76] - The company established a liability under the Tax Receivable Agreement (TRA) that may increase upon redemptions or exchanges of Post-Merger Repay Units for Class A common stock[154] Future Outlook and Risks - The company has been monitoring macroeconomic conditions, including inflation and rising interest rates, which may impact payment volumes and overall financial performance[100] - Future debt obligations may impose additional restrictive covenants that could affect the company's financial and operational flexibility[169] - The company may not have sufficient funds to repurchase the Notes or make cash payments upon conversion, which could lead to defaults under the indentures[170]