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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Assets        
Cash and cash equivalents $ 165,466 $ 189,530    
Current restricted cash 31,184 35,654    
Accounts receivable 36,831 32,950    
Prepaid expenses and other 16,646 17,114    
Total current assets 250,127 275,248    
Property, plant and equipment, net 1,778 2,383    
Noncurrent restricted cash 12,541 11,525    
Intangible assets, net 374,615 389,034    
Goodwill 716,793 716,793    
Operating lease right-of-use assets, net 10,713 11,142    
Deferred tax assets 163,846 163,283    
Other assets 4,979 2,500    
Total noncurrent assets 1,285,265 1,296,660    
Total assets 1,535,392 1,571,908    
Liabilities        
Accounts payable 24,136 28,912    
Accrued expenses 41,573 55,501    
Current operating lease liabilities 1,266 1,230    
Current tax receivable agreement ($0 and $2,413 held for related parties as of March 31, 2025 and December 31, 2024, respectively)   16,337    
Other current liabilities 457 267    
Total current liabilities 67,432 102,247    
Long-term debt 497,588 496,778    
Noncurrent operating lease liabilities 10,043 10,507    
Tax receivable agreement, net of current portion ($25,518 and $25,134 held for related parties as of March 31, 2025 and December 31, 2024, respectively) 190,441 187,308    
Other liabilities 2,690 1,899    
Total noncurrent liabilities 700,762 696,492    
Total liabilities 768,194 798,739    
Commitments and contingencies (Note 9)    
Stockholders' equity        
Treasury stock, 5,492,733 as of March 31, 2025 and December 31, 2024 (53,782) (53,782)    
Additional paid-in capital 1,151,265 1,148,871    
Accumulated deficit (341,773) (333,826)    
Total Repay stockholders' equity 755,719 761,272    
Non-controlling interests 11,479 11,897    
Total equity 767,198 773,169   $ 830,788
Total liabilities and equity 1,535,392 1,571,908    
Class A Common Stock        
Stockholders' equity        
Common stock value $ 9 $ 9