XML 11 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 147,092 $ 118,096
Accounts receivable 39,321 36,017
Prepaid expenses and other 15,522 15,209
Total current assets 201,935 169,322
Property, plant and equipment, net 2,913 3,133
Restricted cash 26,944 26,049
Intangible assets, net 416,382 447,141
Goodwill 716,793 716,793
Operating lease right-of-use assets, net 5,653 8,023
Deferred tax assets 148,545 146,872
Other assets 2,500 2,500
Total noncurrent assets 1,319,730 1,350,511
Total assets 1,521,665 1,519,833
Liabilities    
Accounts payable 24,354 22,030
Accrued expenses 26,528 32,906
Current operating lease liabilities 1,109 1,629
Current tax receivable agreement   580
Other current liabilities 742 318
Total current liabilities 52,733 57,463
Long-term debt 435,589 434,166
Noncurrent operating lease liabilities 5,169 7,247
Tax receivable agreement, net of current portion 194,610 188,331
Other liabilities 2,839 1,838
Total noncurrent liabilities 638,207 631,582
Total liabilities 690,940 689,045
Commitments and contingencies (Note 10)
Stockholders' equity    
Treasury stock, 1,416,510 shares as of June 30, 2024 and December 31, 2023 (12,528) (12,528)
Additional paid-in capital 1,160,879 1,151,324
Accumulated deficit (332,953) (323,670)
Total Repay stockholders' equity 815,407 815,135
Non-controlling interests 15,318 15,653
Total equity 830,725 830,788
Total liabilities and equity 1,521,665 1,519,833
Class A Common Stock    
Stockholders' equity    
Common stock value $ 9 $ 9