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Side-by-side financial comparison of AMERISAFE INC (AMSF) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $78.6M, roughly 1.0× Repay Holdings Corp). AMERISAFE INC runs the higher net margin — 10.2% vs -178.3%, a 188.5% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs 0.4%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -1.3%).
AMERISAFE Inc. is a specialty insurance provider that focuses exclusively on workers' compensation coverage for small and mid-sized businesses in high-hazard industries including construction, logging, trucking, and manufacturing. It operates across 49 U.S. states, offering tailored insurance policies paired with targeted risk management support for clients.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
AMSF vs RPAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $78.6M |
| Net Profit | $8.1M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | — | -182.2% |
| Net Margin | 10.2% | -178.3% |
| Revenue YoY | 10.3% | 0.4% |
| Net Profit YoY | -9.0% | -3304.1% |
| EPS (diluted) | $0.43 | $-1.68 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $80.1M | — | ||
| Q4 25 | $81.6M | $78.6M | ||
| Q3 25 | $82.0M | $77.7M | ||
| Q2 25 | $81.1M | $75.6M | ||
| Q1 25 | $72.6M | $77.3M | ||
| Q4 24 | $74.0M | $78.3M | ||
| Q3 24 | $78.7M | $79.1M | ||
| Q2 24 | $75.8M | $74.9M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $-140.1M | ||
| Q3 25 | $13.8M | $-6.4M | ||
| Q2 25 | $14.0M | $-102.3M | ||
| Q1 25 | $8.9M | $-7.9M | ||
| Q4 24 | $13.2M | $-4.1M | ||
| Q3 24 | $14.3M | $3.2M | ||
| Q2 24 | $11.0M | $-4.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | -182.2% | ||
| Q3 25 | 21.3% | -3.9% | ||
| Q2 25 | 21.5% | -138.7% | ||
| Q1 25 | 15.5% | -4.7% | ||
| Q4 24 | 22.7% | -1.5% | ||
| Q3 24 | 22.6% | -0.9% | ||
| Q2 24 | 18.1% | -4.6% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | -178.3% | ||
| Q3 25 | 16.9% | -8.3% | ||
| Q2 25 | 17.2% | -135.2% | ||
| Q1 25 | 12.3% | -10.3% | ||
| Q4 24 | 17.8% | -5.3% | ||
| Q3 24 | 18.2% | 4.1% | ||
| Q2 24 | 14.5% | -5.4% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $-1.68 | ||
| Q3 25 | $0.72 | $-0.08 | ||
| Q2 25 | $0.73 | $-1.15 | ||
| Q1 25 | $0.47 | $-0.09 | ||
| Q4 24 | $0.69 | $-0.04 | ||
| Q3 24 | $0.75 | $0.03 | ||
| Q2 24 | $0.57 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.2M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $246.6M | $484.4M |
| Total Assets | — | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $115.7M | ||
| Q3 25 | $54.7M | $95.7M | ||
| Q2 25 | $48.5M | $162.6M | ||
| Q1 25 | $44.8M | $165.5M | ||
| Q4 24 | $44.1M | $189.5M | ||
| Q3 24 | $63.7M | $168.7M | ||
| Q2 24 | $30.6M | $147.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $484.4M | ||
| Q3 25 | $274.8M | $616.9M | ||
| Q2 25 | $265.6M | $633.7M | ||
| Q1 25 | $260.8M | $755.7M | ||
| Q4 24 | $257.3M | $761.3M | ||
| Q3 24 | $314.4M | $754.7M | ||
| Q2 24 | $301.0M | $815.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.2B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $23.3M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 29.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $23.3M | ||
| Q3 25 | $10.7M | $32.2M | ||
| Q2 25 | $-8.4M | $33.1M | ||
| Q1 25 | $-1.8M | $2.5M | ||
| Q4 24 | $24.2M | $34.3M | ||
| Q3 24 | $8.4M | $60.1M | ||
| Q2 24 | $-2.6M | $31.0M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $23.2M | ||
| Q3 25 | $9.8M | $32.1M | ||
| Q2 25 | $-9.5M | $33.0M | ||
| Q1 25 | $-1.8M | $2.4M | ||
| Q4 24 | $23.4M | $34.0M | ||
| Q3 24 | $8.4M | $59.8M | ||
| Q2 24 | $-2.6M | $30.5M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 29.6% | ||
| Q3 25 | 11.9% | 41.3% | ||
| Q2 25 | -11.7% | 43.6% | ||
| Q1 25 | -2.5% | 3.0% | ||
| Q4 24 | 31.5% | 43.5% | ||
| Q3 24 | 10.7% | 75.6% | ||
| Q2 24 | -3.5% | 40.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 0.1% | ||
| Q3 25 | 1.1% | 0.2% | ||
| Q2 25 | 1.3% | 0.1% | ||
| Q1 25 | 0.0% | 0.2% | ||
| Q4 24 | 1.1% | 0.3% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | 0.1% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | — | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | -0.61× | — | ||
| Q1 25 | -0.20× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 0.59× | 18.52× | ||
| Q2 24 | -0.24× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
