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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 115,692 $ 189,530
Current restricted cash 29,327 35,654
Accounts receivable, net 33,172 32,950
Prepaid expenses and other 18,641 17,114
Total current assets 196,832 275,248
Property and equipment, net 1,243 2,383
Noncurrent restricted cash 10,633 11,525
Intangible assets, net 329,844 389,034
Goodwill 474,512 716,793
Operating lease right-of-use assets, net 8,866 11,142
Deferred tax assets 173,028 163,283
Other assets 4,791 2,500
Total noncurrent assets 1,002,917 1,296,660
Total assets 1,199,749 1,571,908
Liabilities    
Accounts payable 25,177 28,912
Accrued expenses 52,959 55,501
Current maturities of long-term debt, net 146,477  
Current operating lease liabilities 1,548 1,230
Current tax receivable agreement ($1,555 and $2,413 held for related parties as of December 31, 2025 and December 31, 2024, respectively) 13,702 16,337
Other current liabilities 785 267
Total current liabilities 240,648 102,247
Long-term debt, net 280,065 496,778
Noncurrent operating lease liabilities 8,790 10,507
Tax receivable agreement, net of current portion ($20,748 and $25,134 held for related parties as of December 31, 2025 and December 31, 2024, respectively) 187,239 187,308
Other liabilities 1,225 1,899
Total noncurrent liabilities 477,319 696,492
Total liabilities 717,967 798,739
Commitments and contingencies (Note 11)
Stockholders' equity    
Treasury stock, 13,375,889 and 5,492,733 shares as of December 31, 2025 and December 31, 2024, respectively (92,025) (53,782)
Additional paid-in capital 1,166,998 1,148,871
Accumulated deficit (590,550) (333,826)
Total Repay stockholders' equity 484,431 761,272
Non-controlling interests (2,649) 11,897
Total equity 481,782 773,169
Total liabilities and equity 1,199,749 1,571,908
Class A Common Stock    
Stockholders' equity    
Common stock value $ 8 $ 9