RPAY on Nasdaq

Repay Holdings Corp

American business services company based in Atlanta, incorporated in Delaware. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$309.3MRevenue, fiscal 20253
-$256.7MNet income, fiscal 20253

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  • TickerRPAY on Nasdaq2
  • IndustryServices-Business Services, NEC2
  • HeadquartersAtlanta, United States2
  • Incorporated inDE4
  • Business address3060 Peachtree Road Nw, Suite 1100, Atlanta, Ga 303054
  • Filer categoryAccelerated filer4
  • Legal formCorporation2
  • LEI2549006EJ42T73ZKUI982
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 75102552

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Repay Holdings Corporation was incorporated as a Delaware corporation on July 11, 2019 in connection with the closing of a transaction (the “Business Combination”) pursuant to which Thunder Bridge Acquisition Ltd., a special purpose acquisition company organized under the laws of the Cayman Islands (“Thunder Bridge”), (a) domesticated into a Delaware corporation and changed its name to “Repay Holdings Corporation” and (b) consummated the merger of a wholly owned subsidiary with and into Hawk Parent Holdings, LLC, a Delaware limited liability company (“Hawk Parent”).5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

75.0%Gross margin3
-82.4%Operating margin3
-83.0%Net margin3
-1.2%Revenue growth, 20253
-53.0%Return on equity3
0.58×Debt to equity3
$90.8MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Consumer Payments brought in 86% of the revenue Repay Holdings Corp broke down this way in fiscal 2025.

  1. Consumer Payments$285.9M386%up 2% from 2024
  2. Business Payments$48.4M314%down 9% from 2024
Business segments by year
Business segments202320242025
Consumer Payments$275.7M$281.0M$285.9M
Business Payments$38.1M$52.9M$48.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue25¢$77.2M
  • Selling, general and admin46¢$142.0M
  • Other costs27¢$84.1M
  • Income tax2¢$5.9M

Out of $309.3M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending0¢$286.0K
  • Kept or used elsewhere100¢$90.8M

Out of $91.1M of cash from operations.3

Financial statements

Revenue6789103$309.3M in 2025+138% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $130.0M$130.0M20182019: $104.6M$104.6M2019−20%2020: $155.0M$155.0M2020+48%2021: $219.3M$219.3M2021+41%2022: $279.2M$279.2M2022+27%2023: $296.6M$296.6M2023+6%2024: $313.0M$313.0M2024+6%2025: $309.3M$309.3M2025−1%
Gross profit89103$232.0M in 2025+104% since 2020
0$100.0M$200.0M$300.0M2020: $113.6M$113.6M20202021: $163.8M$163.8M2021+44%2022: $214.4M$214.4M2022+31%2023: $226.9M$226.9M2023+6%2024: $241.4M$241.4M2024+6%2025: $232.0M$232.0M2025−4%
Operating income6789103-$254.7M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2018: $16.6M$16.6M20182019: -$48.2M-$48.2M20192020: -$32.0M-$32.0M2020−34%2021: -$54.0M-$54.0M2021+69%2022: -$47.2M-$47.2M2022−13%2023: -$111.4M-$111.4M2023+136%2024: -$7.8M-$7.8M2024−93%2025: -$254.7M-$254.7M2025+3178%
Net income689103-$256.7M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2018: $10.5M$10.5M20182020: -$105.6M-$105.6M20202021: -$50.1M-$50.1M2021−53%2022: $12.8M$12.8M20222023: -$110.5M-$110.5M20232024: -$10.2M-$10.2M2024−91%2025: -$256.7M-$256.7M2025+2428%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Revenue$309.3M$313.0M$296.6M
Costs of services (exclusive of depreciation and amortization shown separately below)$77.2M$71.6M$69.7M
Selling, general and administrative$142.0M$145.5M$148.7M
Depreciation and amortization$102.0M$103.7M$103.9M
Loss on business disposition$10.0M
Impairment loss$242.7M$75.8M
Total operating expenses$564.0M$320.8M$408.0M
Loss from operations-$254.7M-$7.8M-$111.4M
Interest income$4.1M$6.0M$2.8M
Interest expense-$13.9M-$7.9M-$3.9M
Gain on extinguishment of debt$1.4M$13.1M
Change in fair value of tax receivable liability-$13.5M-$14.5M-$6.6M
Other income (loss)-$216.0K$138.0K-$455.0K
Total other income (expense)-$22.2M-$3.1M-$8.1M
Loss before income tax benefit-$277.0M-$10.9M-$119.5M
Income tax benefit$5.9M$575.0K$2.1M
Net loss-$271.1M-$10.3M-$117.4M
Less: Net loss attributable to non-controlling interests-$14.4M-$189.0K-$6.9M
Net loss attributable to the Company-$256.7M-$10.2M-$110.5M
Basic-$3.00-$0.11-$1.23
Diluted-$3.00-$0.11-$1.23
Basic85.6B shares89.9B shares90.0B shares
Diluted85.6B shares89.9B shares90.0B shares

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Leadership

Who has led Repay Holdings Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Gary A. Simanson2018

President

  1. Shaler Alias2019–2026
  2. Richard Jason Watkin2026–now

Chief financial officer

  1. William A. Houlihan2018
  2. Robert Scott Houser2025–now
20202025
Board members and other officers (24)

Former names

  • Thunder Bridge Acquisition LtdOct 30, 2017 to Jul 10, 20194

Timeline

  1. Jul 11, 2019Founded Repay Holdings Corp is founded2
  2. Jun 18, 2018New chief executive Gary A. Simanson becomes CEO17

Filings

591 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 50 major events, 387 insider forms, 61 large holders, 72 other. The latest 20:

  1. Oct 15, 2026144 EDGAR
  2. Oct 15, 20264 EDGAR
  3. Oct 14, 2026144 EDGAR
  4. Oct 13, 2026144 EDGAR
  5. Sep 21, 2026144 EDGAR
  6. Sep 21, 20264 EDGAR
  7. Sep 17, 2026144 EDGAR
  8. Sep 10, 20264 EDGAR
  9. Aug 17, 20268-K/A EDGAR
  10. Aug 14, 2026SCHEDULE 13G EDGAR
  11. Aug 13, 2026SCHEDULE 13G/A EDGAR
  12. Aug 10, 202610-Q EDGAR
  13. Aug 10, 20268-K EDGAR
  14. Aug 4, 20264 EDGAR
  15. Jul 20, 20263 EDGAR
  16. Jul 15, 2026SCHEDULE 13D/A EDGAR
  17. Jul 14, 20268-K EDGAR
  18. Jun 29, 2026SCHEDULE 13D/A EDGAR
  19. Jun 16, 2026S-8 EDGAR
  20. Jun 16, 2026S-8 EDGAR

The 591 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

64 open-market trades by officers, directors and large owners since October 2021: 31 buys and 33 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 21, 2026Dempsey Tyler BGeneral CounselSale11,112$4.00$44.4KForm 4
Sep 17, 2026Dempsey Tyler BGeneral CounselSale25,000$3.91$97.8KForm 4
Apr 9, 2026MacArthur Robert Symmes10% ownerBuy78,991$2.68$211.7KForm 4
Apr 9, 2026MacArthur Robert Symmes10% ownerBuy78,991$2.68$211.7KForm 4
Apr 8, 2026MacArthur Robert Symmes10% ownerBuy484,720$2.57$1.2MForm 4
Apr 8, 2026MacArthur Robert Symmes10% ownerBuy484,720$2.57$1.2MForm 4
Apr 7, 2026MacArthur Robert Symmes10% ownerBuy350,000$2.42$847.0KForm 4
Apr 7, 2026MacArthur Robert Symmes10% ownerBuy350,000$2.42$847.0KForm 4
Apr 2, 2026Kissel Edward Urban10% ownerBuy461,609$2.53$1.2MForm 4
Apr 2, 2026Kissel Edward Urban10% ownerBuy461,609$2.53$1.2MForm 4
Apr 1, 2026Kissel Edward Urban10% ownerBuy488,391$2.54$1.2MForm 4
Apr 1, 2026Kissel Edward Urban10% ownerBuy488,391$2.54$1.2MForm 4
Mar 27, 2026Kissel Edward Urban10% ownerBuy180,858$3.05$551.6KForm 4
Mar 27, 2026Forager Capital Management, LLC10% ownerBuy180,858$3.05$551.6KForm 4
Mar 26, 2026Kissel Edward Urban10% ownerBuy287,200$3.04$873.1KForm 4
Mar 26, 2026Forager Capital Management, LLC10% ownerBuy287,200$3.04$873.1KForm 4
Mar 25, 2026Kissel Edward Urban10% ownerBuy174,779$2.92$510.4KForm 4
Mar 25, 2026Forager Capital Management, LLC10% ownerBuy174,779$2.92$510.4KForm 4
Nov 17, 2025THORNBURGH RICHARD EDirectorSale4,500$3.50$15.8KForm 4
Sep 12, 2025Moore Jacob HamiltonExecutive Vice PresidentSale26,385$5.89$155.4KForm 4

All 64 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Forager Capital Management, LLC11,106,548$46.6M17.5%+1,863,711
Veradace Capital Management LLC7,207,690$30.3M23.9%+15,386
Private Management Group Inc6,509,679$27.3M0.7%+434,577
BlackRock, Inc.6,264,983$26.3M0.0%−15,965
American Century Companies Inc6,121,018$25.7M0.0%+2,033,497
Aqr Capital Management LLC4,498,993$18.9M0.0%+506,382
Vanguard Capital Management LLC3,083,792$13.0M0.0%−138,105
Dimensional Fund Advisors LP2,874,200$12.1M0.0%−70,247
Pacific Ridge Capital Partners, LLC2,240,738$9.4M1.7%+827,361
State Street Corp1,965,945$8.3M0.0%+215,554
Geode Capital Management, LLC1,779,170$7.5M0.0%+96,303
Sovereign's Capital Management, LLC1,692,881$7.1M4.7%+913,817
D. E. Shaw & Co., Inc.969,128$4.1M0.0%−664,533
Morgan Stanley920,195$3.9M0.0%−45,713
Vanguard Portfolio Management LLC862,407$3.6M0.0%+104,420
Deutsche Bank Ag\784,366$3.3M0.0%+111,678
Bank Of Montreal /can/765,532$3.2M0.0%+135,746
Whetstone Capital Advisors, LLC764,673$3.2M0.9%−1,925,966
Goldman Sachs Group Inc688,738$2.9M0.0%−343,423
Barclays PLC666,183$2.8M0.0%+368,941
Bridgeway Capital Management, LLC618,979$2.6M0.0%−11,525
Aequim Alternative Investments LP578,484$2.4M0.1%No change
Charles Schwab Investment Management Inc552,256$2.3M0.0%+6,743
Northern Trust Corp530,008$2.2M0.0%+1,989
Fmr LLC505,856$2.1M0.0%+299,274

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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