Repay Hldgs Corp Financials

RPAY

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 64/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Repay Hldgs Corp has an operating margin of -2.5%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -37.6% the prior year.

Growth

Repay Hldgs Corp's revenue grew 5.5% year-over-year to $313.0M, a solid pace of expansion. This earns a growth score of 44/100.

Leverage

Repay Hldgs Corp carries a low D/E ratio of 0.65, meaning only $0.65 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.69, Repay Hldgs Corp holds $2.69 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 88/100.

Cash Flow

100

Repay Hldgs Corp converts 47.6% of revenue into free cash flow ($149.1M). This strong cash generation earns a score of 100/100.

Piotroski F-Score Neutral

5/9

Repay Hldgs Corp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-14.78x

For every $1 of reported earnings, Repay Hldgs Corp generates $-14.78 in operating cash flow ($150.1M OCF vs -$10.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-1.0x

Repay Hldgs Corp earns $-1.0 in operating income for every $1 of interest expense (-$7.8M vs $7.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Repay Hldgs Corp (RPAY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$313.0M

YoY+5.5%

5Y CAGR+24.5%

Repay Hldgs Corp generated $313.0M in revenue in fiscal year 2024. This represents an increase of 5.5% from the prior year.

EBITDA

$95.9M

YoY+1369.7%

Repay Hldgs Corp's EBITDA was $95.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1369.7% from the prior year.

Free Cash Flow

$149.1M

YoY+44.9%

Repay Hldgs Corp generated $149.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 44.9% from the prior year.

Net Income

-$10.2M

YoY+90.8%

Repay Hldgs Corp reported -$10.2M in net income in fiscal year 2024. This represents an increase of 90.8% from the prior year.

EPS (Diluted)

$-0.11

YoY+91.1%

Repay Hldgs Corp earned $-0.11 per diluted share (EPS) in fiscal year 2024. This represents an increase of 91.1% from the prior year.

Cash & Debt

$189.5M

YoY+60.5%

5Y CAGR+50.4%

Repay Hldgs Corp held $189.5M in cash against $496.8M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

77.1%

YoY+0.6pp

Repay Hldgs Corp's gross margin was 77.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.

Operating Margin

-2.5%

YoY+35.1pp

5Y CAGR+43.6pp

Repay Hldgs Corp's operating margin was -2.5% in fiscal year 2024, reflecting core business profitability. This is up 35.1 percentage points from the prior year.

Net Margin

-3.2%

YoY+34.0pp

Repay Hldgs Corp's net profit margin was -3.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 34.0 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$989K

YoY+34.9%

Repay Hldgs Corp invested $989K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 34.9% from the prior year.

RPAY Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$313.0M+5.5%	$296.6M+6.2%	$279.2M+27.4%	$219.3M+41.4%	$155.0M+48.2%	$104.6M
Cost of Revenue	$71.6M+2.8%	$69.7M+7.5%	$64.8M+16.8%	$55.5M+33.9%	$41.4M	N/A
Gross Profit	$241.4M+6.4%	$226.9M+5.8%	$214.4M+30.9%	$163.8M+44.2%	$113.6M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$145.5M-2.1%	$148.7M-0.3%	$149.1M+24.2%	$120.1M+37.5%	$87.3M-10.0%	$97.0M
Operating Income	-$7.8M+93.0%	-$111.4M-136.0%	-$47.2M+12.6%	-$54.0M-68.7%	-$32.0M+33.6%	-$48.2M
Interest Expense	$7.9M+103.4%	$3.9M-11.5%	$4.4M	N/A	N/A	N/A
Income Tax	-$575K+72.8%	-$2.1M-134.3%	$6.2M+120.1%	-$30.7M-148.3%	-$12.4M	N/A
Net Income	-$10.2M+90.8%	-$110.5M-960.8%	$12.8M+125.6%	-$50.1M+52.6%	-$105.6M	N/A
EPS (Diluted)	$-0.11+91.1%	$-1.23-1125.0%	$0.12+120.0%	$-0.60+70.3%	$-2.02	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$77.7M+2.8%	$75.6M-2.2%	$77.3M-1.2%	$78.3M+4.5%	$74.9M-7.2%	$80.7M+6.2%	$76.0M+2.2%	$74.3M
Cost of Revenue	$19.9M+8.3%	$18.4M-1.4%	$18.7M+0.6%	$18.6M+13.7%	$16.3M-14.9%	$19.2M+11.1%	$17.3M-2.1%	$17.6M
Gross Profit	$57.8M+1.0%	$57.2M-2.5%	$58.7M-1.8%	$59.7M+1.9%	$58.6M-4.8%	$61.5M+4.8%	$58.7M+3.6%	$56.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$35.2M+7.0%	$32.9M-11.1%	$37.0M+1.3%	$36.5M+3.6%	$35.2M-4.8%	$37.0M+0.9%	$36.7M+4.0%	$35.3M
Operating Income	-$3.0M+97.1%	-$104.9M-2797.9%	-$3.6M-209.4%	-$1.2M+65.8%	-$3.4M-36.6%	-$2.5M+96.8%	-$78.5M-1432.8%	-$5.1M
Interest Expense	$3.1M-0.1%	$3.1M-0.6%	$3.1M-0.9%	$3.1M+244.8%	$909K-0.3%	$912K	N/A	N/A
Income Tax	-$1.8M-39.4%	-$1.3M-186.9%	-$452K-6.1%	-$426K+78.4%	-$2.0M-754.0%	$302K+108.8%	-$3.4M-71.3%	-$2.0M
Net Income	-$6.4M+93.7%	-$102.3M-1186.7%	-$7.9M-93.1%	-$4.1M-1.1%	-$4.1M+21.9%	-$5.2M+92.9%	-$73.3M-1088.2%	-$6.2M
EPS (Diluted)	$-0.08+93.0%	$-1.15-1177.8%	$-0.09-125.0%	$-0.040.0%	$-0.04+33.3%	$-0.06+92.6%	$-0.81-1057.1%	$-0.07

RPAY Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.6B+3.4%	$1.5B-6.6%	$1.6B-3.5%	$1.7B+51.9%	$1.1B+41.9%	$782.0M
Current Assets	$275.2M+52.4%	$180.6M+54.9%	$116.7M+21.9%	$95.7M-19.8%	$119.4M+172.0%	$43.9M
Cash & Equivalents	$189.5M+60.5%	$118.1M+82.0%	$64.9M+29.7%	$50.0M-45.1%	$91.1M+270.2%	$24.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$33.0M-8.5%	$36.0M+7.4%	$33.5M+0.9%	$33.2M+56.0%	$21.3M+51.5%	$14.1M
Goodwill	$716.8M0.0%	$716.8M-13.4%	$827.8M+0.5%	$824.1M+79.6%	$459.0M+17.8%	$389.7M
Total Liabilities	$798.7M+15.9%	$689.0M-1.4%	$698.5M-9.6%	$772.8M+39.5%	$553.8M-2.6%	$568.5M
Current Liabilities	$102.2M+77.9%	$57.5M-30.0%	$82.1M-11.1%	$92.3M+41.1%	$65.4M+25.9%	$52.0M
Long-Term Debt	$496.8M+14.4%	$434.2M-3.8%	$451.3M+0.6%	$448.5M+79.4%	$250.0M+20.2%	$207.9M
Total Equity	$761.3M-6.6%	$815.1M-8.9%	$894.6M+2.4%	$874.0M+71.6%	$509.3M+138.5%	$213.5M
Retained Earnings	-$333.8M-3.1%	-$323.7M-51.8%	-$213.2M+5.7%	-$226.0M-28.5%	-$175.9M-150.1%	-$70.3M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$1.3B-5.7%	$1.4B-7.9%	$1.5B-2.3%	$1.6B+3.3%	$1.5B+0.3%	$1.5B-0.2%	$1.5B-4.0%	$1.6B
Current Assets	$180.2M-26.8%	$246.1M-1.6%	$250.1M-9.1%	$275.2M+36.3%	$201.9M+9.7%	$184.0M+1.9%	$180.6M+7.1%	$168.6M
Cash & Equivalents	$95.7M-41.2%	$162.6M-1.7%	$165.5M-12.7%	$189.5M+28.9%	$147.1M+14.6%	$128.3M+8.7%	$118.1M+0.3%	$117.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$33.2M-0.5%	$33.4M-9.4%	$36.8M+11.8%	$33.0M-16.2%	$39.3M-1.7%	$40.0M+11.0%	$36.0M-2.4%	$36.9M
Goodwill	$613.0M0.0%	$613.0M-14.5%	$716.8M0.0%	$716.8M0.0%	$716.8M0.0%	$716.8M0.0%	$716.8M-9.6%	$792.5M
Total Liabilities	$711.1M-8.1%	$774.0M+0.8%	$768.2M-3.8%	$798.7M+15.6%	$690.9M+0.5%	$687.4M-0.2%	$689.0M+1.3%	$680.4M
Current Liabilities	$222.3M-23.3%	$289.9M+329.9%	$67.4M-34.0%	$102.2M+93.9%	$52.7M-1.3%	$53.4M-7.0%	$57.5M+12.4%	$51.1M
Long-Term Debt	$279.5M+0.2%	$279.0M-43.9%	$497.6M+0.2%	$496.8M+14.0%	$435.6M+0.2%	$434.9M+0.2%	$434.2M+0.2%	$433.5M
Total Equity	$616.9M-2.7%	$633.7M-16.1%	$755.7M-0.7%	$761.3M-6.6%	$815.4M+0.2%	$813.8M-0.2%	$815.1M-7.4%	$880.2M
Retained Earnings	-$450.4M-1.4%	-$444.0M-29.9%	-$341.8M-2.4%	-$333.8M-0.3%	-$333.0M-1.2%	-$328.9M-1.6%	-$323.7M-29.3%	-$250.4M

RPAY Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$150.1M+44.9%	$103.6M+39.6%	$74.2M+39.2%	$53.3M+87.2%	$28.5M	N/A
Capital Expenditures	$989K+34.9%	$733K-76.9%	$3.2M+10.9%	$2.9M+188.0%	$994K	N/A
Free Cash Flow	$149.1M+44.9%	$102.9M+44.8%	$71.0M+40.8%	$50.5M+83.6%	$27.5M	N/A
Investing Cash Flow	-$44.9M-86.2%	-$24.1M+39.1%	-$39.5M+90.0%	-$397.3M-172.2%	-$146.0M	N/A
Financing Cash Flow	-$12.7M+56.2%	-$28.9M-65.8%	-$17.5M-105.6%	$313.8M+68.6%	$186.1M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$1.9M-28.8%	$2.7M-34.3%	$4.0M+185.7%	$1.4M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$32.2M-2.5%	$33.1M+1221.0%	$2.5M-92.7%	$34.3M+10.6%	$31.0M+24.9%	$24.8M-28.9%	$34.9M+24.7%	$28.0M
Capital Expenditures	$122K+276.8%	-$69K-147.3%	$146K-29.5%	$207K-57.2%	$484K+456.3%	$87K+126.4%	-$329K-134.7%	$948K
Free Cash Flow	$32.1M-2.7%	$33.0M+1299.9%	$2.4M-93.1%	$34.0M+11.6%	$30.5M+23.4%	$24.7M-28.4%	$34.5M+27.8%	$27.0M
Investing Cash Flow	-$11.4M-9.3%	-$10.5M+0.7%	-$10.5M+2.4%	-$10.8M+7.7%	-$11.7M-5.0%	-$11.1M+58.2%	-$26.6M-89.8%	-$14.0M
Financing Cash Flow	-$87.9M-285.1%	-$22.8M-17.1%	-$19.5M-871.8%	-$2.0M-2345.1%	-$82K+97.3%	-$3.0M+45.6%	-$5.5M-1062.5%	-$472K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$381K+184.3%	$134K

RPAY Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	77.1%+0.6pp	76.5%-0.3pp	76.8%+2.1pp	74.7%+1.4pp	73.3%	N/A
Operating Margin	-2.5%+35.1pp	-37.6%-20.7pp	-16.9%+7.7pp	-24.6%-4.0pp	-20.6%+25.4pp	-46.1%
Net Margin	-3.2%+34.0pp	-37.3%-41.9pp	4.6%+27.4pp	-22.8%+45.3pp	-68.1%	N/A
Return on Equity	N/A	N/A	1.4%	N/A	N/A	N/A
Return on Assets	-0.7%+6.6pp	-7.3%-8.1pp	0.8%+3.8pp	-3.0%+6.5pp	-9.5%	N/A
Current Ratio	2.69-0.5	3.14+1.7	1.42+0.4	1.04-0.8	1.82+1.0	0.84
Debt-to-Equity	0.65+0.1	0.53+0.0	0.500.0	0.51+0.0	0.49-0.5	0.97
FCF Margin	47.6%+13.0pp	34.7%+9.2pp	25.4%+2.4pp	23.0%+5.3pp	17.7%	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	74.4%-1.3pp	75.7%-0.2pp	75.9%-0.4pp	76.3%-1.9pp	78.2%+2.0pp	76.3%-1.0pp	77.3%+1.0pp	76.3%
Operating Margin	-3.9%+134.8pp	-138.7%-134.0pp	-4.7%-3.2pp	-1.5%+3.1pp	-4.6%-1.5pp	-3.1%+100.2pp	-103.3%-96.4pp	-6.9%
Net Margin	-8.3%+127.0pp	-135.2%-124.9pp	-10.3%-5.0pp	-5.3%+0.2pp	-5.4%+1.0pp	-6.5%+90.0pp	-96.5%-88.2pp	-8.3%
Return on Equity	N/A	N/A	N/A	0.4%	N/A	N/A	N/A	N/A
Return on Assets	-0.5%+6.8pp	-7.2%-6.7pp	-0.5%-0.3pp	-0.3%+0.0pp	-0.3%+0.1pp	-0.3%+4.5pp	-4.8%-4.4pp	-0.4%
Current Ratio	0.81-0.0	0.85-2.9	3.71+1.0	2.69-1.1	3.83+0.4	3.44+0.3	3.14-0.2	3.30
Debt-to-Equity	0.45+0.0	0.44-0.2	0.660.0	0.65+0.1	0.530.0	0.530.0	0.53+0.0	0.49
FCF Margin	41.3%-2.3pp	43.6%+40.6pp	3.0%-40.4pp	43.5%+2.8pp	40.7%+10.1pp	30.6%-14.8pp	45.5%+9.1pp	36.4%

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Frequently Asked Questions

What is Repay Hldgs Corp's annual revenue?

Repay Hldgs Corp (RPAY) reported $313.0M in total revenue for fiscal year 2024. This represents a 5.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Repay Hldgs Corp's revenue growing?

Repay Hldgs Corp (RPAY) revenue grew by 5.5% year-over-year, from $296.6M to $313.0M in fiscal year 2024.

Is Repay Hldgs Corp profitable?

No, Repay Hldgs Corp (RPAY) reported a net income of -$10.2M in fiscal year 2024, with a net profit margin of -3.2%.

What is Repay Hldgs Corp's earnings per share (EPS)?

Repay Hldgs Corp (RPAY) reported diluted earnings per share of $-0.11 for fiscal year 2024. This represents a 91.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Repay Hldgs Corp's EBITDA?

Repay Hldgs Corp (RPAY) had EBITDA of $95.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Repay Hldgs Corp have?

As of fiscal year 2024, Repay Hldgs Corp (RPAY) had $189.5M in cash and equivalents against $496.8M in long-term debt.

What is Repay Hldgs Corp's gross margin?

Repay Hldgs Corp (RPAY) had a gross margin of 77.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Repay Hldgs Corp's operating margin?

Repay Hldgs Corp (RPAY) had an operating margin of -2.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Repay Hldgs Corp's net profit margin?

Repay Hldgs Corp (RPAY) had a net profit margin of -3.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Repay Hldgs Corp's free cash flow?

Repay Hldgs Corp (RPAY) generated $149.1M in free cash flow during fiscal year 2024. This represents a 44.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Repay Hldgs Corp's operating cash flow?

Repay Hldgs Corp (RPAY) generated $150.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Repay Hldgs Corp's total assets?

Repay Hldgs Corp (RPAY) had $1.6B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Repay Hldgs Corp's capital expenditures?

Repay Hldgs Corp (RPAY) invested $989K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

What is Repay Hldgs Corp's current ratio?

Repay Hldgs Corp (RPAY) had a current ratio of 2.69 as of fiscal year 2024, which is generally considered healthy.

What is Repay Hldgs Corp's debt-to-equity ratio?

Repay Hldgs Corp (RPAY) had a debt-to-equity ratio of 0.65 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Repay Hldgs Corp's return on assets (ROA)?

Repay Hldgs Corp (RPAY) had a return on assets of -0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Repay Hldgs Corp's Piotroski F-Score?

Repay Hldgs Corp (RPAY) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Repay Hldgs Corp's earnings high quality?

Repay Hldgs Corp (RPAY) has an earnings quality ratio of -14.78x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Repay Hldgs Corp cover its interest payments?

Repay Hldgs Corp (RPAY) has an interest coverage ratio of -1.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Repay Hldgs Corp?

Repay Hldgs Corp (RPAY) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.