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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 162,615 $ 189,530
Current restricted cash 33,796 35,654
Accounts receivable, net 33,379 32,950
Prepaid expenses and other 16,282 17,114
Total current assets 246,072 275,248
Property and equipment, net 1,550 2,383
Noncurrent restricted cash 12,569 11,525
Intangible assets, net 359,827 389,034
Goodwill 613,012 716,793
Operating lease right-of-use ("ROU") assets, net 10,283 11,142
Deferred tax assets 165,144 163,283
Other assets 4,917 2,500
Total noncurrent assets 1,167,302 1,296,660
Total assets 1,413,374 1,571,908
Liabilities    
Accounts payable 20,936 28,912
Accrued expenses 47,532 55,501
Current maturities of long-term debt 219,389  
Current operating lease liabilities 1,485 1,230
Current tax receivable agreement ($0 and $2,413 held for related parties as of June 30, 2025 and December 31, 2024, respectively)   16,337
Other current liabilities 548 267
Total current liabilities 289,890 102,247
Long-term debt 279,009 496,778
Noncurrent operating lease liabilities 9,650 10,507
Tax receivable agreement, net of current portion ($25,854 and $25,134 held for related parties as of June 30, 2025 and December 31, 2024, respectively) 192,951 187,308
Other liabilities 2,470 1,899
Total noncurrent liabilities 484,080 696,492
Total liabilities 773,970 798,739
Commitments and contingencies (Note 9)
Stockholders' equity    
Treasury stock, 10,257,199 and 5,492,733 as of June 30, 2025 and December 31, 2024, respectively (76,427) (53,782)
Additional paid-in capital 1,154,141 1,148,871
Accumulated deficit (444,024) (333,826)
Total Repay stockholders' equity 633,699 761,272
Non-controlling interests 5,705 11,897
Total equity 639,404 773,169
Total liabilities and equity 1,413,374 1,571,908
Class A Common Stock    
Stockholders' equity    
Common stock value $ 9 $ 9