Filing Flows › Repay Holdings (RPAY) › Q1 2025
Repay Holdings (RPAY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Repay Holdings (RPAY) reported revenue of $77.3M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -1% from the quarter before. Operating margin was -4.7%, net loss $8.2M (10.6% of revenue).
Repay Holdings, Q1 2025: revenue $77.3M (-4% year over year), operating margin -4.7%, net loss $8.2M, operating cash flow $2.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $77.3M | -1% | -4% |
| Operating profit | −$3.6M | — | — |
| Net earnings | −$8.2M | — | — |
| Operating cash flow | $2.5M | -93% | -90% |
| Free cash flow | $2.4M | -93% | -90% |
What changed
Revenue was $77.3M in Q1 2025, down 4% year over year and down 1% from the previous quarter.
Gross margin was 75.9%, down 0.4 points from a year earlier. Operating costs exceeded revenue by $3.6M, an operating margin of -4.7%. Operating expenses fell 3% while revenue fell 4%. The quarter ended with a net loss of $8.2M, wider than the previous quarter's $4.0M loss. Minority interests bore $221K of it: to shareholders the quarter was a loss of $7.9M. Net interest and other expense of $5.0M was the main reason.
Operating cash flow was $2.5M (down 90% year over year). Non-cash charges added back $25.3M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items used $20.0M. Capital expenditures of $146K left free cash flow of $2.4M.
Questions
What was Repay Holdings' revenue in the first quarter 2025?
Repay Holdings (RPAY) reported revenue of $77.3M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -1% from the quarter before.
Was Repay Holdings profitable in the first quarter 2025?
Operating loss was $3.6M (-4.7% of revenue) and net loss $8.2M.
Source: Repay Holdings 10-Q on SEC EDGAR.