Repay Holdings Corporation (RPAY) Balance Sheet
RPAY balance sheet, 2025
December 31, 2025 · U.S. dollars$1.20B assets = $718.0M liabilities + $481.8M equity
Both columns are drawn to the same scale: what RPAY owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RPAY financial health
Descriptive bands, not a rating. Fiscal 2025.
RPAY balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $164.4M2016 | $1.20B2025 | +24.7%/yr | |
| Total liabilities | $65.0M2016 | $718.0M2025 | +30.6%/yr | |
| Shareholders’ equity | $99.5M2016 | $484.4M2025 | +19.2%/yr | |
| Cash & short-term investments | $2.8M2016 | $115.7M2025 | +51.3%/yr | |
| Total debt | $59.1M2016 | $436.9M2025 | +24.9%/yr | |
| Net cash (debt) | −$56.3M2016 | −$321.2M2025 | −$264.9M | |
| Working capital | −$2.6M2016 | −$43.8M2025 | −$41.3M | |
| Book value per share | $7.862018 | $5.662025 | −4.6%/yr | |
| Current ratio | 0.692016 | 0.822025 | +0.12 | |
| Debt / equity | 0.592016 | 0.902025 | +0.31 | |
| Shares outstanding | 32.2M2018 | 85.6M2025 | +15.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RPAY assets
RPAY liabilities and equity
RPAY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RPAY balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $115.7M | $189.5M | $118.1M | $64.9M | $50.0M | $91.1M | $24.6M | $108,818 | $25,817 | $2.8M |
| Cash & equivalents | $115.7M | $189.5M | $118.1M | $64.9M | $50.0M | $91.1M | $24.6M | $108,818 | $25,817 | $2.8M |
| Receivables | $36.4M | $33.0M | $36.0M | $33.5M | $33.2M | $21.3M | $14.6M | $6.0M | $4.4M | $2.8M |
| Inventory | $0 | $0 | $1 | $2 | $1 | $0 | $0 | −$6.0M | −$4.9M | $1 |
| Other current assets | $44.8M | $52.8M | $26.5M | $18.2M | $12.4M | $6.9M | $4.6M | $130,612 | $423,085 | $200,210 |
| Total current assets | $196.8M | $275.2M | $180.6M | $116.7M | $95.7M | $119.4M | $43.9M | $239,430 | $25,817 | $5.8M |
| Property, plant & equipment (net) | $10.1M | $13.5M | $11.2M | $14.2M | $14.3M | $11.7M | $1.6M | $1.2M | $743,284 | $441,394 |
| Goodwill & intangible assets | $804.4M | $1.11B | $1.16B | $1.33B | $1.40B | $828.2M | $722.7M | $187.8M | $192.9M | $156.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $263.3M | $0 | $0 |
| Other non-current assets | $188.5M | $177.3M | $164.1M | $167.5M | $174.1M | $150.7M | $13.8M | $0 | $0 | $1.6M |
| Total assets | $1.20B | $1.57B | $1.52B | $1.63B | $1.69B | $1.11B | $782.0M | $263.5M | $176,330 | $164.4M |
| Liabilities | ||||||||||
| Accounts payable | $25.2M | $28.9M | $22.0M | $21.8M | $20.1M | $11.9M | $9.6M | $2.9M | $1.4M | $1.2M |
| Short-term debt | $148.0M | $1.2M | $1.6M | $2.3M | $2.0M | $8.3M | $5.5M | $4.9M | $156,600 | $2.5M |
| Deferred revenue | — | — | −$1.6M | — | $44.2M | $35.0M | $30.5M | −$17.7M | −$11.8M | — |
| Total current liabilities | $240.6M | $102.2M | $57.5M | $82.1M | $92.3M | $65.4M | $51.7M | $320,747 | $156,600 | $8.4M |
| Long-term debt | $280.1M | $496.8M | $434.2M | $451.3M | $448.5M | $250.0M | $207.9M | $89.3M | $90.8M | $56.6M |
| Lease obligations | $10.3M | $11.7M | $8.9M | $10.6M | $11.1M | $10.4M | — | — | — | — |
| Other long-term liabilities | $197.3M | $199.7M | $197.4M | $165.1M | $232.0M | $238.4M | $61.9M | $0 | $0 | $0 |
| Total liabilities | $718.0M | $798.7M | $689.0M | $698.5M | $772.8M | $553.8M | $321.5M | $10.0M | $156,600 | $65.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $8,000 | $9,000 | $9,000 | $9,000 | $9,000 | $7,125 | $3,753 | $248.5M | $647 | $99.5M |
| Retained earnings (deficit) | −$590.5M | −$333.8M | −$323.7M | −$213.2M | −$226.0M | −$175.9M | −$53.9M | $1.5M | −$5,270 | — |
| Treasury stock | — | — | — | −$10.0M | — | — | — | — | — | — |
| Accumulated other comprehensive income | — | — | −$3,000 | −$3,000 | −$2,000 | −$6.4M | $313,397 | −$109.1M | — | — |
| Minority interest | −$2.6M | $11.9M | $15.7M | $33.7M | $39.0M | $46.9M | — | — | — | — |
| Total shareholders' equity | $484.4M | $761.3M | $815.1M | $894.6M | $874.0M | $509.3M | $254.4M | $253.5M | $19,730 | $99.5M |
| Key figures | ||||||||||
| Total debt | $436.9M | $508.5M | $443.0M | $461.9M | $459.6M | $267.1M | $213.4M | $94.2M | $156,600 | $59.1M |
| Net cash (debt) | −$321.2M | −$319.0M | −$324.9M | −$397.0M | −$409.5M | −$175.9M | −$188.8M | −$94.1M | −$130,783 | −$56.3M |
| Working capital | −$43.8M | $173.0M | $123.2M | $34.5M | $3.4M | $53.9M | −$7.8M | −$81,317 | −$130,783 | −$2.6M |
| Tangible book value | −$319.9M | −$344.6M | −$348.8M | −$433.8M | −$527.8M | −$318.9M | −$468.4M | $65.7M | −$192.9M | −$57.1M |
| Book value per share | $5.66 | $8.47 | $9.05 | $8.08 | $10.49 | $9.76 | $6.78 | $7.86 | — | — |
| Shares outstanding | 85.6M | 89.9M | 90.0M | 110.7M | 83.3M | 52.2M | 37.5M | 32.2M | — | — |
| Current ratio | 0.82 | 2.69 | 3.14 | 1.42 | 1.04 | 1.82 | 0.85 | 0.75 | 0.16 | 0.69 |
| Quick ratio | 0.63 | 2.18 | 2.68 | 1.20 | 0.90 | 1.72 | 0.76 | 18.98 | 28.55 | 0.67 |
| Debt / equity | 0.90 | 0.67 | 0.54 | 0.52 | 0.53 | 0.52 | 0.84 | 0.37 | 7.94 | 0.59 |
| Equity / assets | 40.4% | 48.4% | 53.6% | 55.0% | 51.8% | 45.9% | 32.5% | 96.2% | 11.2% | 60.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $83.7M | $43.8M | $115.7M | $95.7M | $162.6M | $165.5M | $189.5M | $168.7M | $147.1M | $128.3M | $118.1M | $117.7M |
| Cash & equivalents | $83.7M | $43.8M | $115.7M | $95.7M | $162.6M | $165.5M | $189.5M | $168.7M | $147.1M | $128.3M | $118.1M | $117.7M |
| Receivables | $63.9M | $228.4M | $36.4M | $230.8M | $35.9M | $36.8M | $33.0M | $41.1M | $39.3M | $41.3M | $36.0M | $36.9M |
| Inventory | $2.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$14.0M | $1 | $1 | $0 |
| Other current assets | $63.1M | $0 | $44.8M | $0 | $47.6M | $47.8M | $52.8M | $14.9M | $29.5M | $14.4M | $26.5M | $14.0M |
| Total current assets | $213.0M | $131.0M | $196.8M | $180.2M | $246.1M | $250.1M | $275.2M | $224.8M | $201.9M | $184.0M | $180.6M | $168.6M |
| Property, plant & equipment (net) | $20.8M | $9.4M | $10.1M | $11.1M | $11.8M | $12.5M | $13.5M | $14.3M | $8.6M | $8.6M | $11.2M | $12.5M |
| Goodwill & intangible assets | $1.21B | $812.9M | $804.4M | $958.8M | $972.8M | $1.09B | $1.11B | $1.12B | $1.13B | $1.15B | $1.16B | $1.24B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $161.8M | $187.5M | $188.5M | $183.4M | $182.6M | $181.4M | $177.3M | $206.1M | $178.0M | $175.6M | $164.1M | $164.3M |
| Total assets | $1.61B | $1.14B | $1.20B | $1.33B | $1.41B | $1.54B | $1.57B | $1.56B | $1.52B | $1.52B | $1.52B | $1.58B |
| Liabilities | ||||||||||||
| Accounts payable | $44.1M | $23.9M | $25.2M | $23.0M | $20.9M | $24.1M | $28.9M | $28.8M | $24.4M | $23.7M | $22.0M | $20.3M |
| Short-term debt | $10.6M | $1.5M | $148.0M | $147.9M | $220.9M | $1.3M | $1.2M | $1.2M | $1.1M | $1.2M | $1.6M | $1.8M |
| Deferred revenue | $11.2M | — | — | — | — | — | — | — | −$27.6M | — | — | $27.5M |
| Total current liabilities | $146.9M | $73.2M | $240.6M | $222.3M | $289.9M | $67.4M | $102.2M | $83.3M | $52.7M | $53.4M | $57.5M | $51.1M |
| Long-term debt | $748.1M | $390.6M | $280.1M | $279.5M | $279.0M | $497.6M | $496.8M | $496.2M | $435.6M | $434.9M | $434.2M | $433.5M |
| Lease obligations | $19.7M | $9.7M | $10.3M | $10.7M | $11.1M | $11.3M | $11.7M | $12.2M | $6.3M | $6.7M | $8.9M | $9.8M |
| Other long-term liabilities | $243.6M | $201.7M | $197.3M | $209.3M | $205.1M | $203.2M | $199.7M | $215.1M | $202.6M | $199.1M | $197.4M | $195.8M |
| Total liabilities | $1.14B | $665.5M | $718.0M | $711.1M | $774.0M | $768.2M | $798.7M | $794.6M | $690.9M | $687.4M | $689.0M | $680.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 |
| Retained earnings (deficit) | −$611.5M | −$600.5M | −$590.5M | −$450.4M | −$444.0M | −$341.8M | −$333.8M | −$329.7M | −$333.0M | −$328.9M | −$323.7M | −$250.4M |
| Accumulated other comprehensive income | — | — | — | — | $0 | — | — | — | $0 | $0 | −$3,000 | −$3,000 |
| Minority interest | −$3.3M | −$2.7M | −$2.6M | $5.5M | $5.7M | — | — | — | — | — | — | — |
| Total shareholders' equity | $472.5M | $478.0M | $484.4M | $616.9M | $633.7M | $755.7M | $761.3M | $754.7M | $815.4M | $813.8M | $815.1M | $880.2M |
| Key figures | ||||||||||||
| Total debt | $772.8M | $400.3M | $436.9M | $436.6M | $509.5M | $508.9M | $508.5M | $508.4M | $441.9M | $441.6M | $443.0M | $443.3M |
| Net cash (debt) | −$689.2M | −$356.5M | −$321.2M | −$340.9M | −$346.9M | −$343.4M | −$319.0M | −$339.7M | −$294.8M | −$313.2M | −$324.9M | −$325.6M |
| Working capital | $66.1M | $57.8M | −$43.8M | −$42.1M | −$43.8M | $182.7M | $173.0M | $141.5M | $149.2M | $130.6M | $123.2M | $117.5M |
| Tangible book value | −$739.8M | −$334.9M | −$319.9M | −$341.9M | −$339.1M | −$335.7M | −$344.6M | −$364.4M | −$317.8M | −$334.7M | −$348.8M | −$357.2M |
| Book value per share | $5.67 | $5.79 | $5.90 | $7.47 | $7.15 | $8.49 | $8.61 | $7.32 | $8.88 | $8.92 | $8.94 | $9.66 |
| Shares outstanding | 83.3M | 82.5M | 82.1M | 82.6M | 88.6M | 89.0M | 88.4M | 103.1M | 91.8M | 91.2M | 91.2M | 91.2M |
| Current ratio | 1.45 | 1.79 | 0.82 | 0.81 | 0.85 | 3.71 | 2.69 | 2.70 | 3.83 | 3.44 | 3.14 | 3.30 |
| Quick ratio | 1.00 | 3.72 | 0.63 | 1.47 | 0.68 | 3.00 | 2.18 | 2.52 | 3.54 | 3.17 | 2.68 | 3.02 |
| Debt / equity | 1.64 | 0.84 | 0.90 | 0.71 | 0.80 | 0.67 | 0.67 | 0.67 | 0.54 | 0.54 | 0.54 | 0.50 |
| Equity / assets | 29.4% | 41.9% | 40.4% | 46.3% | 44.8% | 49.2% | 48.4% | 48.2% | 53.6% | 53.7% | 53.6% | 55.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 9, 2026); data from EODHD.
RPAY financial position
At the end of fiscal 2025 (December 31, 2025), Repay had total assets of $1.2 billion (down 23.7% from a year earlier), total liabilities of $718.0 million and shareholders' equity of $484.4 million. It held $115.7 million in cash and short-term investments against $436.9 million of debt, net debt of $321.2 million. Its current ratio was 0.82. In the latest quarter (ended June 30, 2026) total assets were $1.6 billion and equity $472.5 million.
Related: RPAY income statement, RPAY cash flow statement, RPAY key metrics. See the RPAY stock overview for the latest quote and news.
RPAY balance sheet FAQ
What are Repay's total assets?
Repay reported total assets of $1.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.6 billion a year earlier.
How much debt does Repay have?
Repay had $436.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.90.
How much cash does Repay have?
Repay held $115.7 million in cash and short-term investments at the end of fiscal 2025; with $436.9 million of debt that is net debt of $321.2 million.
What is Repay's book value?
Repay's shareholders' equity (book value) was $484.4 million at the end of fiscal 2025, or $5.66 per share.
What is Repay's current ratio?
Repay had current assets of $196.8 million and current liabilities of $240.6 million, a current ratio of 0.82 (current liabilities exceed current assets).
How much goodwill does Repay have?
Repay carried $804.4 million of goodwill and intangible assets, 67.0% of total assets, at the end of fiscal 2025.