Filing Flows › Repay Holdings (RPAY) › Q2 2025
Repay Holdings (RPAY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Repay Holdings (RPAY) reported revenue of $75.6M for the second quarter 2025 (Q2 2025), +1% from a year earlier and -2% from the quarter before. Operating margin was -138.7%, net loss $108M (142.9% of revenue).
Repay Holdings, Q2 2025: revenue $75.6M (+1% year over year), operating margin -138.7%, net loss $108M, operating cash flow $33.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $75.6M | -2% | +1% |
| Operating profit | −$105M | — | — |
| Net earnings | −$108M | — | — |
| Operating cash flow | $33.1M | 13× | +7% |
| Free cash flow | $22.6M | — | — |
What changed
Revenue was $75.6M in Q2 2025, up 1% year over year and down 2% from the previous quarter.
Gross margin was 75.7%, down 2.5 points from a year earlier. Operating costs exceeded revenue by $104.9M, an operating margin of -138.7%. Operating expenses grew 161% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+383%). The quarter ended with a net loss of $108.0M, wider than the previous quarter's $8.2M loss. Minority interests bore $5.8M of it: to shareholders the quarter was a loss of $102.3M.
Operating cash flow was $33.1M (up 7% year over year). Non-cash charges added back $25.5M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $112.6M. After capitalized software development costs, net ($10.5M), free cash flow as the company reports it was $22.6M.
Questions
What was Repay Holdings' revenue in the second quarter 2025?
Repay Holdings (RPAY) reported revenue of $75.6M for the second quarter 2025 (Q2 2025), +1% from a year earlier and -2% from the quarter before.
Was Repay Holdings profitable in the second quarter 2025?
Operating loss was $105M (-138.7% of revenue) and net loss $108M.
Source: Repay Holdings 10-Q on SEC EDGAR.