Repay Holdings (RPAY) Cost of Revenue (2018 - 2025)
Repay Holdings (RPAY) reported Cost of Revenue of $19.94 million for Q3 2025, up 13.4% from $17.58 million a year earlier and up 8.3% from the prior quarter.
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Analysis
Repay Holdings (RPAY) Cost of Revenue (2018 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2025, Repay Holdings' Cost of Revenue came in at $75.56 million, up 7.4% year-over-year; for FY2024, it was $71.64 million, up 2.8% from FY2023.
- Cost of Revenue has increased for five consecutive years, with a five-year compound annual growth rate of 35.5% (FY2019 to FY2024).
- By year, Cost of Revenue came in at $69.7 million in FY2023 (+7.5%), $64.83 million in FY2022 (+16.8%), $55.48 million in FY2021 (+33.9%) and $41.45 million in FY2020 (+164.7%).
- The Q3 2025 figure ranks as the highest quarterly Cost of Revenue in data going back to Q3 2018.
- Year over year, Cost of Revenue gained in five of the last eight quarters, with growth averaging 6.3%.
- The high point for year-over-year Cost of Revenue in five years was Q4 2020 (growth of 209.5%); the low point was Q2 2024 (a decline of 3.1%).
- Per Business Quant data, the three quarters before Q3 2025 came in at $18.4 million (Q2 2025), $18.66 million (Q1 2025) and $18.56 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.27 Bn | 5.08 Bn | - | - |
| 2 | PayPal Holdings | 45.51 Bn | 3.74 Bn | - | - |
| 3 | Block | 44.67 Bn | 15.93 Bn | 3.17 Bn | 3.45 Bn |
| 4 | Iren | 31.78 Bn | 19.37 Bn | 103.89 Mn | 33.34 Mn |
| 5 | Corpay | 25.91 Bn | 16.11 Bn | - | - |
| 6 | Fiserv | 23.59 Bn | 20.29 Bn | 2.90 Bn | 2.40 Bn |
| 7 | Global Payments | 20.83 Bn | -735.18 Mn | 2.03 Bn | 1.29 Bn |
| 8 | Bitmine Immersion Technologies | 15.23 Bn | 12.61 Bn | 40.81 Mn | 5.73 Mn |
| 9 | Guidewire Software | 12.47 Bn | 9.03 Bn | 269.68 Mn | 141.41 Mn |
| 10 | Repay Holdings | 312.33 Mn | -229.78 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 19.94 Mn |
| Jun 30, 2025 | 18.40 Mn |
| Mar 31, 2025 | 18.66 Mn |
| Dec 31, 2024 | 18.56 Mn |
| Sep 30, 2024 | 17.58 Mn |
| Jun 30, 2024 | 16.32 Mn |
| Mar 31, 2024 | 19.18 Mn |
| Dec 31, 2023 | 17.26 Mn |
| Sep 30, 2023 | 17.64 Mn |
| Jun 30, 2023 | 16.84 Mn |
| Mar 31, 2023 | 17.97 Mn |
| Dec 31, 2022 | 14.90 Mn |
| Sep 30, 2022 | 16.63 Mn |
| Jun 30, 2022 | 16.73 Mn |
| Mar 31, 2022 | 16.57 Mn |
| Dec 31, 2021 | 15.00 Mn |
| Sep 30, 2021 | 15.29 Mn |
| Jun 30, 2021 | 12.72 Mn |
| Mar 31, 2021 | 12.47 Mn |
| Dec 31, 2020 | 11.46 Mn |
API Access
Repay Holdings Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=RPAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "RPAY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=RPAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();