Repay Holdings Corp

Listed Company

RPAYCIK 0001720592NasdaqAcceleratedServices-Business Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$309.26M

Net Income

$-256.72M

Total Assets

—

Equity

—

Shares Out

6.47M

Op. Cash Flow

$91.11M

Business

Repay Holdings Corp is a payments technology company that provides integrated payment processing solutions to industry-oriented vertical markets. Its main products and services include debit and credit card processing, ACH processing, virtual and instant funding solutions, clearing and settlement (RCS), accounts payable automation, digital wallets, text-to-pay, IVR, web and mobile payment channels, and ancillary communication services. The company reports two reportable segments: Consumer Payments and Business Payments. It serves primarily U.S. clients through direct sales and integrations with software providers and enterprise management systems.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	309	313	297	279	219
Costs of services (exclusive of depreciation and amortization shown separately below)	77	72	70	65	55
Selling, general and administrative	142	145	149	149	120
Depreciation and amortization	102	104	104	108	90
Loss on business disposition	—	—	10	—	—
Impairment loss	243	—	76	8	2
Total operating expenses	564	321	408	326	273
Loss from operations	−255	−8	−111	−47	−54
Interest income	4	6	3	130,000	—
Interest expense	−14	−8	−4	−4	—
Gain on extinguishment of debt	1	13	—	—	−6
Change in fair value of tax receivable liability	−14	−15	−7	67	−14
Other income (loss)	−216,000	138,000	−455,000	−510,000	−9
Total other income (expense)	−22	−3	−8	62	−33
Loss before income tax benefit	−277	−11	−120	15	−87
Income tax benefit	6	575,000	2	−6	31
Net loss	−271	−10	−117	9	−56
Less: Net loss attributable to non-controlling interests	−14	−189,000	−7	−4	−6
Net loss attributable to the Company	−257	−10	−110	13	−50
Basic (per share)	−3	−0.11	−1.23	0.14	−0.6
Diluted (per share)	−3	−0.11	−1.23	0.12	−0.6
Basic (shares)	85,558	89,915	90,049	88,792	83,318
Diluted (shares)	85,558	89,915	90,049	110,672	83,318

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	116	190	118	65	50
Current restricted cash	29	36	11	—	—
Accounts receivable, net	33	33	36	34	33
Prepaid expenses and other	19	17	15	18	12
Total current assets	197	275	181	117	96
Property and equipment, net	1	2	3	4	4
Noncurrent restricted cash	11	12	15	29	26
Intangible assets, net	330	389	447	501	578
Goodwill	475	717	717	828	824
Operating lease right-of-use assets, net	9	11	8	10	11
Deferred tax assets	173	163	147	136	145
Other assets	5	3	3	3	3
Total noncurrent assets	1,003	1,297	1,339	1,510	1,590
Total assets	1,200	1,572	1,520	1,627	1,686
Accounts payable	25	29	22	22	20
Accrued expenses	53	56	33	29	27
Current maturities of long-term debt, net	146	—	—	—	—
Current operating lease liabilities	2	1	2	2	2
Current tax receivable agreement ($1,555 and $2,413 held for related parties as of December 31, 2025 and December 31, 2024, respectively)	14	16	580,000	24	24
Other current liabilities	785,000	267,000	318,000	4	2
Total current liabilities	241	102	57	82	92
Long-term debt, net	280	497	434	451	448
Noncurrent operating lease liabilities	9	11	7	8	9
Tax receivable agreement, net of current portion ($20,748 and $25,134 held for related parties as of December 31, 2025 and December 31, 2024, respectively)	187	187	188	155	221
Other liabilities	1	2	2	2	2
Total noncurrent liabilities	477	696	632	616	680
Total liabilities	718	799	689	699	773
Commitments and contingencies (Note 11)	—	—	—	—	—
Treasury stock, 13,375,889 and 5,492,733 shares as of December 31, 2025 and December 31, 2024, respectively	−92	−54	−13	−10	—
Additional paid-in capital	1,167	1,149	1,151	1,118	1,100
Accumulated deficit	−591	−334	−324	−213	−226
Total Repay stockholders' equity	484	761	815	895	874
Non-controlling interests	−3	12	16	34	39
Total equity	482	773	831	928	913
Total liabilities and equity	1,200	1,572	1,520	1,627	1,686

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock based compensation	18	24	22	20	22
Amortization of debt issuance costs	3	3	3	3	3
Other loss	267,000	—	238,000	245,000	19,000
Deferred tax benefit	−6	−2	−4	4	−31
Change in accounts receivable, net	−222,000	3	−4	696,000	−7
Change in prepaid expenses and other	−2	−2	3	−6	−4
Change in operating lease ROU assets	2	−3	1	653,000	2
Change in other assets	−2	—	—	—	—
Change in accounts payable	−4	7	−189,000	2	5
Change in accrued expenses and other	−3	23	4	2	637,000
Change in operating lease liabilities	−1	3	−1	−523,000	−1
Change in other liabilities	−156,000	10,000	493,000	3	−7
Net cash provided by operating activities	91	150	104	74	53
Purchases of property and equipment	−286,000	−989,000	−733,000	−3	−3
Purchases of intangible assets	−200,000	—	−14	−3	−21
Capitalized software development costs	−41	−44	−50	−34	−21
Proceeds from sale of business, net of cash retained	—	—	40	—	—
Net cash used in investing activities	−42	−45	−24	−40	−397
Issuance of long-term debt	—	288	—	—	460
Payments on long-term debt	−72	−205	−20	—	−263
Payments of debt issuance costs	—	−10	—	—	—
Payments for tax withholding related to shares vesting under Incentive Plan and ESPP	−3	−2	−2	−3	—
Treasury shares repurchased	−39	−42	−3	−10	−4
Stock options exercised	—	395,000	—	—	—
Distributions to Members	—	−2	−4	−951,000	−62,000
Purchase of capped calls related to issuance of the 2029 Notes	—	−39	—	—	—
"Payment of Tax Receivable Agreement (""TRA"")"	−16	−580,000	—	—	—
Payments of contingent consideration up to acquisition date fair value	—	—	−1	−4	−7
Net cash used in financing activities	−130	−13	−29	−17	314
(Decrease) increase in cash, cash equivalents and restricted cash	−81	93	51	17	−30
Interest	9	5	1	2	1
Income taxes, net of refunds received	2	3	1	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro