$RPAY
Repay Holdings Corp

2022 Q1 Form 10-Q Financial Statement

#000156459022019278 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $67.56M $62.20M $47.52M
YoY Change 42.18% 50.1% 20.42%
Cost Of Revenue $16.56M $15.00M $12.47M
YoY Change 32.79% 30.89% 15.82%
Gross Profit $51.00M $47.20M $35.05M
YoY Change 45.52% 57.44% 22.15%
Gross Profit Margin 75.48% 75.88% 73.75%
Selling, General & Admin $32.22M $33.42M $23.39M
YoY Change 37.72% 55.16% 28.77%
% of Gross Profit 63.17% 70.81% 66.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $500.0K $26.31M $300.0K
YoY Change 66.67% 56.81% 50.0%
% of Gross Profit 0.98% 55.75% 0.86%
Operating Expenses $57.91M $65.68M $56.31M
YoY Change 2.84% 30.66% 209.97%
Operating Profit -$6.908M -$18.48M -$8.789M
YoY Change -21.41% -8.92% 160.09%
Interest Expense -$988.6K -$915.5K -$1.183M
YoY Change -16.46% -74.57% -66.36%
% of Operating Profit
Other Income/Expense, Net $23.64M -$14.19M -$15.13M
YoY Change -256.19% 2985.31% 38.6%
Pretax Income $16.73M -$35.77M -$23.92M
YoY Change -169.93% 177.49% 67.32%
Income Tax $3.800M -$18.37M -$5.900M
% Of Pretax Income 22.72%
Net Earnings $13.65M -$15.76M -$15.79M
YoY Change -186.45% 71.07% 52.89%
Net Earnings / Revenue 20.21% -25.33% -33.24%
Basic Earnings Per Share $0.15 -$0.21
Diluted Earnings Per Share $0.12 -$178.0K -$0.21
COMMON SHARES
Basic Shares Outstanding 88.61M 76.60M
Diluted Shares Outstanding 113.0M 76.60M

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.32M $50.05M $390.9M
YoY Change -83.29% -45.06% 1095.48%
Cash & Equivalents $80.83M $50.05M $410.4M
Short-Term Investments
Other Short-Term Assets $12.79M $12.43M $6.078M
YoY Change 110.4% 80.1% 26.63%
Inventory
Prepaid Expenses
Receivables $34.31M $33.24M $23.90M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $112.4M $95.71M $420.9M
YoY Change -73.29% -19.82% 698.07%
LONG-TERM ASSETS
Property, Plant & Equipment $3.847M $3.801M $1.980M
YoY Change 94.28% 133.43% 5.53%
Goodwill $824.1M $824.1M $459.0M
YoY Change 79.56% 79.55% 11.48%
Intangibles $556.6M $577.7M
YoY Change 56.46%
Long-Term Investments
YoY Change
Other Assets $2.500M $2.500M $161.3M
YoY Change -98.45% -98.34% 1244.37%
Total Long-Term Assets $1.555B $1.590B $988.2M
YoY Change 57.4% 60.52% 27.17%
TOTAL ASSETS
Total Short-Term Assets $112.4M $95.71M $420.9M
Total Long-Term Assets $1.555B $1.590B $988.2M
Total Assets $1.668B $1.686B $1.409B
YoY Change 18.36% 51.88% 69.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.74M $20.08M $14.11M
YoY Change 54.04% 69.05% 29.62%
Accrued Expenses $19.55M $26.82M $18.92M
YoY Change 3.34% 39.56% 54.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $83.34M $92.35M $60.95M
YoY Change 36.73% 41.13% -8.68%
LONG-TERM LIABILITIES
Long-Term Debt $449.2M $448.5M $427.3M
YoY Change 5.13% 79.43% 0.0%
Other Long-Term Liabilities $11.27M $10.64M $9.360M
YoY Change 20.43% 0.52% 0.52%
Total Long-Term Liabilities $449.2M $448.5M $436.6M
YoY Change 2.87% -8.17% 22.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $83.34M $92.35M $60.95M
Total Long-Term Liabilities $449.2M $448.5M $436.6M
Total Liabilities $778.8M $811.8M $761.2M
YoY Change 2.31% 46.59% 79.56%
SHAREHOLDERS EQUITY
Retained Earnings -$226.0M
YoY Change 28.47%
Common Stock $1.100B
YoY Change 59.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $0.00
Shareholders Equity $889.1M $874.0M $647.9M
YoY Change
Total Liabilities & Shareholders Equity $1.668B $1.686B $1.409B
YoY Change 18.36% 51.88% 69.81%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $13.65M -$15.76M -$15.79M
YoY Change -186.45% 71.07% 52.89%
Depreciation, Depletion And Amortization $500.0K $26.31M $300.0K
YoY Change 66.67% 56.81% 50.0%
Cash From Operating Activities $13.75M $21.85M $4.769M
YoY Change 188.39% 0.31% -44.35%
INVESTING ACTIVITIES
Capital Expenditures $553.2K -$6.677M $640.5K
YoY Change -13.62% -47.01% 74.66%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$94.04M $10.78K
YoY Change -100.0% 20.26% -100.03%
Cash From Investing Activities -$7.566M -$100.7M -$5.206M
YoY Change 45.34% 10.93% -86.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.698M $1.818M
YoY Change -6.57%
Debt Paid & Issued, Net $262.7M
YoY Change 16709.86%
Cash From Financing Activities -1.698M 18.13M 304.4M
YoY Change -100.56% -205.78% 740.46%
NET CHANGE
Cash From Operating Activities 13.75M 21.85M 4.769M
Cash From Investing Activities -7.566M -100.7M -5.206M
Cash From Financing Activities -1.698M 18.13M 304.4M
Net Change In Cash 4.490M -60.74M 303.9M
YoY Change -98.52% -29.5% 4583.09%
FREE CASH FLOW
Cash From Operating Activities $13.75M $21.85M $4.769M
Capital Expenditures $553.2K -$6.677M $640.5K
Free Cash Flow $13.20M $28.52M $4.129M
YoY Change 219.72% -17.03% -49.67%

Facts In Submission

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<p style="margin-top:10pt;text-align:justify;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.41%;font-weight:normal;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported Consolidated Statements of Operations during the reporting period. Actual results could differ materially from those estimates.</p>
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CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
47520496
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16728917
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-23922946
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-767169
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2187272
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3842542
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5941773
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
13653544
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-15793901
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3368454
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23993943
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2499996
CY2022Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2499996
CY2022Q1 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
14146840
CY2022Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
449187265
CY2022Q1 rpay Tax Receivable Agreement Fair Value Disclosure
TaxReceivableAgreementFairValueDisclosure
221209034
CY2022Q1 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
684543139
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2499996
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2499996
CY2021Q4 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
17046840
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
448484696
CY2021Q4 rpay Tax Receivable Agreement Fair Value Disclosure
TaxReceivableAgreementFairValueDisclosure
245828419
CY2021Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
711359955
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7215453
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6602610
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2801411
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3846999
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3801199
CY2022Q1 us-gaap Depreciation
Depreciation
500000
CY2021Q1 us-gaap Depreciation
Depreciation
300000
CY2022Q1 rpay Number Of Trade Names
NumberOfTradeNames
5
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
756090678
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
199465383
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
556625295
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
749077560
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
171383658
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
577693902
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
28100000
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17500000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
73678172
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
83652958
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
69630251
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
55580308
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
55665944
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
190277660
CY2021Q4 us-gaap Goodwill
Goodwill
824081632
CY2022Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0
CY2022Q1 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
0
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
12809
CY2022Q1 us-gaap Goodwill
Goodwill
824094441
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022Q1 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
460000000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
460000000
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
10812735
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
11515304
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
449187265
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
448484696
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
460000000
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
460000000
CY2022Q1 rpay Lessee Operating Lease Expiration Year
LesseeOperatingLeaseExpirationYear
2029
CY2022Q1 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Most of these leases include one or more renewal options for six years or less
CY2022Q1 us-gaap Lessee Operating Lease Option To Terminate
LesseeOperatingLeaseOptionToTerminate
certain leases also include lessee termination options
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
689806
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
540639
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
12007
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
12450
CY2022Q1 us-gaap Lease Cost
LeaseCost
701813
CY2021Q1 us-gaap Lease Cost
LeaseCost
553089
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11473076
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10499751
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2225407
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1990416
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9886289
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9090867
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
12111696
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11081283
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.021
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
644726
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
459698
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1531689
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2004007
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2714419
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2536885
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2370722
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2083022
CY2022Q1 rpay Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
1805172
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
13514227
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1402531
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
12111696
CY2022Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
14324177
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
17394125
CY2022Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
3200000
CY2021Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
1300000
CY2022Q1 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
300000
CY2021Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
300000
CY2022Q1 us-gaap Due To Employees Current And Noncurrent
DueToEmployeesCurrentAndNoncurrent
0.0
CY2021Q4 us-gaap Due To Employees Current And Noncurrent
DueToEmployeesCurrentAndNoncurrent
0.0
CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1200000
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1600000
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
38100000
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M10D
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
34800000
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7M20D
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.230
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3800000
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.248
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5900000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3800000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5900000
CY2022Q1 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2022Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
141400000
CY2021Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
31400000
CY2022Q1 rpay Percentage Of Valuation Allowance Recognized
PercentageOfValuationAllowanceRecognized
1
CY2022Q1 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0
CY2019Q3 rpay Percentage Of Tax Benefits Payable Under Tax Receivable Agreement
PercentageOfTaxBenefitsPayableUnderTaxReceivableAgreement
1
CY2022Q1 rpay Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
221200000
CY2022Q1 rpay Increase Decrease In Tax Receivable Agreement Liability
IncreaseDecreaseInTaxReceivableAgreementLiability
-24600000

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