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RPAY

Repay Holdings Corporation

RPAY

Repay Holdings Corporation • NASDAQ
$3.32 ▲ 0.30% (+0.01)
Market Cap $289.26 M
52w High $8.57
52w Low $2.98
Dividend Yield 0%
P/E -2.41
Volume 390.03K
Outstanding Shares 87.13M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $77.725M ▲ $60.799M ▼ $-6.414M ▲ -8.252% ▲ $-0.08 ▲ $20.3M ▲
Q2-2025 $75.626M ▼ $162.126M ▲ $-102.251M ▼ -135.206% ▼ $-1.15 ▼ $-80.761M ▼
Q1-2025 $77.325M ▼ $62.281M ▲ $-7.947M ▼ -10.277% ▼ $-0.089 ▼ $16.292M ▼
Q4-2024 $78.271M ▼ $60.885M ▼ $-4.116M ▼ -5.259% ▼ $-0.047 ▼ $17.763M ▼
Q3-2024 $79.145M $62.236M $3.243M 4.098% $0.04 $33.186M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $95.691M ▼ $1.333B ▼ $711.075M ▼ $616.904M ▼
Q2-2025 $162.615M ▼ $1.413B ▼ $773.97M ▲ $633.699M ▼
Q1-2025 $165.466M ▼ $1.535B ▼ $768.194M ▼ $755.719M ▼
Q4-2024 $189.53M ▲ $1.572B ▲ $798.739M ▲ $761.272M ▲
Q3-2024 $168.715M $1.564B $794.569M $754.677M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-9K ▲ $0 ▼ $0 ▲ $0 ▲ $0 ▲ $0 ▼
Q2-2025 $-108.032M ▼ $33.065M ▲ $-10.465M ▲ $-22.811M ▼ $-211K ▲ $22.6M ▲
Q1-2025 $-7.947M ▼ $2.503M ▼ $-10.537M ▲ $-19.484M ▼ $-27.518M ▼ $2.357M ▼
Q4-2024 $-3.958M ▼ $34.252M ▼ $-10.793M ▲ $-2.005M ▲ $21.454M ▼ $23.459M ▼
Q3-2024 $3.243M $60.058M $-11.24M $-7.599M $21.623M $59.847M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Consumer Payments
Consumer Payments
 $140.00M ▲$70.00M ▼$70.00M ▲$70.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Repay’s top line has grown steadily over the past five years, and its core profit after direct costs remains healthy. The main weakness is at the operating and net income level, where the company has swung between small losses and modest profits, with one particularly weak year recently. This suggests a business that is scaling and absorbing ongoing costs for growth, acquisitions, and technology, rather than one that is fully optimized for earnings. Overall, revenue momentum is solid, but bottom‑line performance is still uneven and sensitive to spending and one‑off items.

Balance Sheet

Balance Sheet The balance sheet shows a business with a sizable asset base and a solid equity cushion, built up over time. Debt has increased compared with earlier years but appears manageable relative to the company’s size and improving cash generation. Cash on hand has been trending up, though it is not excessive, which means liquidity looks adequate but not lavish. In simple terms, the financial foundation seems reasonably sound, but there is some reliance on debt that needs continued disciplined management.

Cash Flow

Cash Flow Cash generation is a bright spot. Operating cash flow has improved steadily, and because the company spends relatively little on physical capital, most of that cash flows through to free cash flow. This means the underlying business is converting its revenue into real cash at the corporate level, even when accounting earnings are noisy. That healthy cash profile gives Repay flexibility to service debt, invest in software and integrations, and potentially pursue acquisitions or other strategic initiatives.

Competitive Edge

Competitive Edge Repay operates in a crowded payments and fintech space but focuses on specific lending and B2B niches where it integrates deeply into clients’ software. Those tight integrations and workflow automations create high switching costs, making customers “stickier” and supporting recurring revenue. Its omni‑channel payment capabilities and growing partner network add further strength. On the risk side, the company still faces intense competition from larger processors and other fintech platforms, along with regulatory and credit‑cycle exposure in its lending‑related verticals.

Innovation and R&D

Innovation and R&D Innovation is centered on an integrated payments platform, automation of accounts payable and receivable, instant funding, and developer‑friendly APIs that embed payments directly into existing software. The company is also leaning into AI and data analytics for areas like fraud, risk, and process automation, and is expanding its B2B payment and supplier networks. Growth has historically been supplemented by acquisitions, and management continues to explore strategic options. The key execution risk is staying ahead of rapid technology change and maintaining secure, reliable integrations while scaling to new industries.

Summary

Repay looks like a niche fintech platform with steady revenue growth, improving cash generation, and still‑developing profitability. Its strengths lie in sticky software integrations, focus on specific verticals, and a business model that throws off solid cash despite choppy earnings. The balance sheet appears reasonably healthy, with moderate leverage supported by free cash flow. The main uncertainties are execution on cost control and acquisitions, competitive pressure in payments, regulatory and credit‑cycle risks in its end markets, and the need to keep innovating in AI, automation, and embedded finance to sustain its advantages.

NEWS

November 10, 2025 · 4:05 PM UTC

REPAY Reports Third Quarter 2025 Financial Results

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November 3, 2025 · 4:05 PM UTC

REPAY to Attend Upcoming Investor Conferences

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October 27, 2025 · 4:05 PM UTC

REPAY to Announce Third Quarter 2025 Results on November 10, 2025

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October 14, 2025 · 8:30 AM UTC

REPAY Partners with Emotive Software to Enhance Automotive Loan Payment Acceptance and Management

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October 7, 2025 · 8:30 AM UTC

REPAY Partners with Yooz to Transform Accounts Payable Automation Through Embedded Payment Capabilities

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