Repay Holdings Reports $77.3 Million Revenue in Q1 2025, Down 4.2% Year-Over-Year

Repay Holdings Corporation reported a revenue of $77.3 million for the first quarter of 2025, a decrease of 4.2% from $80.7 million in the same period of 2024. The decline in revenue was attributed to client losses and reduced political media spending associated with the 2024 election cycle. Operating expenses for the quarter were $80.9 million, down from $83.2 million year-over-year, leading to a loss from operations of $3.6 million compared to a loss of $2.5 million in the prior year. The net loss attributable to the company was $7.9 million, or $(0.09) per share, compared to a net loss of $5.2 million, or $(0.06) per share, in the first quarter of 2024.

In terms of operational metrics, the Consumer Payments segment generated $71.9 million in revenue, down 5.5% from $76.1 million in the previous year, while the Business Payments segment saw a 13.4% increase in revenue to $11.0 million from $9.7 million. The overall gross profit margin remained stable at 76% for both periods. The company reported a total of 94,149,909 shares of Class A common stock outstanding as of May 7, 2025, which includes 4,928,694 shares of unvested restricted stock with voting rights.

Repay Holdings has been focusing on strategic growth through its integrated payment technology platform, which aims to simplify electronic payments for businesses. The company continues to target vertical markets, including personal loans and healthcare, to enhance its client base. As of March 31, 2025, the company had $165.5 million in cash and cash equivalents, alongside an available borrowing capacity of $250 million under its Second Amended Credit Agreement, indicating a solid liquidity position to support ongoing operations and potential acquisitions.

Looking ahead, the company anticipates that macroeconomic conditions, including inflation and evolving trade policies, may impact its performance. However, management remains optimistic about future growth opportunities, particularly through the integration of recent acquisitions and the introduction of new payment solutions. The company has also initiated a share repurchase program, with $36.2 million remaining under the plan, which may further enhance shareholder value.