Repay Holdings Corporation reported a decline in financial performance for the third quarter of 2025, with total revenue of $77.7 million, down 1.8% from $79.1 million in the same period last year. For the nine months ending September 30, 2025, revenue also decreased by 1.7% to $230.7 million compared to $234.8 million in 2024. The company attributed this decline to client losses and reduced political media spending, particularly in its media payments business, which was partially offset by growth from newly signed clients.

Operating expenses for the third quarter increased to $80.7 million from $79.8 million year-over-year, primarily driven by a rise in costs of services, which rose 13.6% to $19.9 million. Selling, general, and administrative expenses decreased by 4.1% to $35.2 million, reflecting cost-saving measures. The company reported a net loss of $6.4 million for the quarter, compared to a net income of $3.2 million in the prior year. For the nine-month period, the net loss attributable to the company was $116.6 million, significantly higher than the $6.0 million loss reported in 2024, largely due to a $103.8 million impairment loss related to goodwill.

In terms of operational metrics, the Consumer Payments segment generated $71.7 million in revenue for the third quarter, a 3.6% increase from the previous year, while the Business Payments segment saw a 21.6% decline to $12.0 million. The company’s total assets decreased to $1.33 billion as of September 30, 2025, down from $1.57 billion at the end of 2024, with cash and cash equivalents also declining to $95.7 million from $189.5 million.

Strategically, Repay Holdings has been focusing on integrating recent acquisitions and expanding its client base. The company has also been active in managing its debt, having repurchased portions of its convertible senior notes, which resulted in a gain on extinguishment of debt. Looking ahead, the company anticipates that ongoing economic conditions, including inflation and changes in consumer spending, may continue to impact its performance. However, it remains committed to leveraging its integrated payment technology platform to drive growth in targeted vertical markets.

About Repay Holdings Corp

Repay Holdings Corporation is a payments technology provider offering integrated electronic payment processing solutions across vertical markets such as personal and auto loans, receivables management, healthcare, and B2B sectors. Its proprietary platform simplifies complex transactions, enabling clients to accept cards, ACH, and digital payments. The company leverages software integrations, strategic acquisitions, and industry expertise to serve diverse clients, emphasizing innovation, operational efficiency, and regulatory compliance.

This description was generated via AI from an annual report. Updated 8 months ago.

About 10-Q Filings

A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.

Key points about the 10-Q:

  • Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
  • Content: It includes:
    • Financial statements showing the company's current financial position
    • Updates from management on the performance and projections of the business
    • Information about potential risks the company faces
    • Details on how the company is run internally
  • Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.

Our Methodology

AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.

Our method:

  1. Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
  2. AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
  3. Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
  4. Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
  5. Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Read more about AssetRoom

Feedback & Corrections

Spot an error or have a suggestion? Contact us.