REPAY Holdings Corporation reported its second quarter 2025 financial results, with revenue increasing 1% year-over-year to $75.6 million. Gross profit for the quarter decreased 2% year-over-year to $57.2 million. The company reported a net loss of $108.0 million, significantly impacted by a $103.8 million goodwill impairment loss primarily related to the Consumer Payments segment.
Adjusted EBITDA for Q2 2025 was $31.8 million, a 5.6% decrease year-over-year. Despite the declines in gross profit and Adjusted EBITDA, Free Cash Flow improved to $22.6 million, an increase of 17% year-over-year. This resulted in a Free Cash Flow Conversion rate of 71% for the quarter.
During the second quarter, REPAY repurchased 4.8 million shares for $22.6 million. The company reiterated its previously provided outlook for fiscal year 2025, which anticipates accelerating growth exiting the year. John Morris, CEO, noted that REPAY is building momentum from its strategic initiatives to accelerate growth.
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