The latest fundraising reports, which span July 1 through the end of September, show that Matheson, a seven-term Democratic congressman, has $678,000 in the bank, while Love, mayor of Saratoga Springs, has nearly $672,000.
When the two squared off in 2012, Matheson defeated Love by fewer than 800 votes in the state's new 4th Congressional District. Love wasted little time before announcing her intention to run again.
The latest disclosures show they raise money in far different ways. Matheson continued to collect heavily from the political action committees of companies and organizations with business before Congress, a standard source of cash for incumbents.
Love raised $399,000 from small donors those who gave less than $200 a person throughout the nation. She is a popular speaker in conservative circles and, if elected, could be the first African-American Republican woman in the House.
Love has shown an ability to keep up a torrid fundraising pace, but she also spends heavily. In the past three months, she raised $568,500 and spent $374,000 of it on staff and building a large contact list for future fundraising.
Matheson has stuck largely to a campaign strategy he has used to frustrate Utah Republicans since first being elected in 2000. He raised a little more than $278,000 and spent just $60,500 in the three-month period.