How does Repay Holdings' Q2 2025 performance compare to its peers in the payment solutions sector?

Fundamentals vs. peers

Repay Holdings posted Q2 2025 revenue of $75.6 MM, down 1.6 % from Q1 2025 and 2.8 % versus the same quarter a year ago (Q2 2024 $74.9 MM). Gross profit slipped to $57.2 MM, a 2.4 % decline from Q2 2024’s $58.6 MM, and the company still reported a net loss (the exact figure wasn’t disclosed). In the broader payment‑solutions arena, the majority of listed peers—e.g., Visa (V), PayPal (PYPL), Block (SQ) and Adyen (ADYEN)—have been posting double‑digit revenue growth YoY in 2025, buoyed by strong e‑commerce recovery, cross‑border volume and the rollout of new digital‑card‑‑as‑a‑service platforms. Their gross‑margin expansion has also been more pronounced (Visa’s gross margin now north of 70 %, PayPal’s around 55 %). By contrast, Repay’s modest revenue contraction and shrinking gross profit margin (≈ 75 % of revenue versus peers’ 55‑70 %) signal a relative under‑performance within the sector.

Technical & trading implications

On the chart, RPAY is still below its 50‑day SMA and has failed to break above the $5.00 resistance that has held since early 2024. The weekly RSI is hovering around 38, indicating short‑term oversold conditions, but the declining trend in both price (down ~12 % YTD) and fundamentals makes a bounce‑back less likely without a catalyst. Given the sector’s bullish momentum—most peers are trading above their 200‑day moving averages and enjoying positive momentum‑DI—RPAY appears out‑of‑step.

Actionable view: Until Repay can demonstrate a clear turnaround (e.g., a new high‑margin product rollout or a measurable lift in transaction volume), the stock remains under‑weight relative to the payment‑solutions index. A short‑position or a defensive hedge may be justified for traders seeking exposure to the sector’s upside, while long‑term investors should wait for a credible margin‑improvement narrative or a breakout above the $5.00 level before considering a re‑entry.