Repay Holdings Corporation reported its financial results for the second quarter of 2025, revealing a total revenue of $75.6 million, a slight increase of 0.9% from $74.9 million in the same period last year. For the first half of 2025, revenue decreased by 1.7% to $153.0 million compared to $155.6 million in the first half of 2024. The company attributed the revenue fluctuations to newly signed clients and growth from existing clients, which were partially offset by previously announced client losses and political media spending related to the 2024 election cycle.
The company's operating expenses surged significantly, totaling $180.5 million for the second quarter, compared to $78.3 million in the prior year, primarily due to a non-cash impairment loss of $103.8 million related to goodwill in the Consumer Payments segment. This resulted in a loss from operations of $104.9 million for the quarter, compared to a loss of $3.4 million in the same quarter of 2024. The net loss attributable to the company for the second quarter was $102.3 million, a stark increase from $4.1 million in the previous year.
In terms of operational metrics, the Consumer Payments segment generated $70.5 million in revenue for the second quarter, up from $69.3 million a year earlier, while the Business Payments segment saw a revenue increase to $10.9 million from $10.6 million. The company reported a gross profit margin of 76% for the second quarter, slightly down from 78% in the previous year. The total employee headcount remained stable, reflecting the company's focus on maintaining operational efficiency amid challenging market conditions.
Repay Holdings continues to navigate a complex economic landscape characterized by inflation and evolving consumer spending patterns. The company has emphasized its commitment to strategic growth through targeted acquisitions and the enhancement of its payment processing solutions. Looking ahead, management expressed cautious optimism about future revenue growth, contingent on the successful integration of new clients and the stabilization of market conditions. The company maintains a robust liquidity position, with $162.6 million in cash and cash equivalents and an available borrowing capacity of $250 million under its credit facility, which it expects will support its operational and strategic initiatives in the coming months.
About Repay Holdings Corp
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