Repay Holdings Corporation reported a decline in both reported and normalized gross profit for the first quarter of 2025, with decreases of 5% and 4% year-over-year, respectively. This downturn was attributed to previously announced client losses, including some due to consolidation. Consumer Payments gross profit experienced a reduction of approximately 5% year-over-year, influenced by these client losses. In contrast, the Business Payments sector saw a normalized gross profit growth of approximately 12% compared to the same period last year. Operational updates include a significant expansion of the company's AP supplier network, which grew to over 390,000, marking an increase of approximately 40% year-over-year. Additionally, Repay Holdings Corporation added three new integrated software partners, bringing the total number of software relationships to 283 as of the end of the first quarter. These achievements underscore the company's focus on driving long-term growth through its diversified business model.
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