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Side-by-side financial comparison of AEMETIS, INC (AMTX) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Repay Holdings Corp is the larger business by last-quarter revenue ($78.6M vs $43.3M, roughly 1.8× AEMETIS, INC). On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -7.9%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-10.8M). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% CAGR vs -22.8%).
Aemetis, Inc. is a renewable fuels and sustainable biochemicals producer operating across North America and India. Its core products include low-carbon ethanol, renewable natural gas and biodiesel, serving transportation, industrial and agricultural sectors with decarbonization solutions for commercial 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.
AMTX vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.3M | $78.6M |
| Net Profit | — | $-140.1M |
| Gross Margin | 17.8% | 74.2% |
| Operating Margin | -5.7% | -182.2% |
| Net Margin | — | -178.3% |
| Revenue YoY | -7.9% | 0.4% |
| Net Profit YoY | — | -3304.1% |
| EPS (diluted) | $-0.03 | $-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.
| Q4 25 | $43.3M | $78.6M | ||
| Q3 25 | $59.2M | $77.7M | ||
| Q2 25 | $52.2M | $75.6M | ||
| Q1 25 | $42.9M | $77.3M | ||
| Q4 24 | $47.0M | $78.3M | ||
| Q3 24 | $81.4M | $79.1M | ||
| Q2 24 | $66.6M | $74.9M | ||
| Q1 24 | $72.6M | $80.7M |
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $-23.7M | $-6.4M | ||
| Q2 25 | $-23.4M | $-102.3M | ||
| Q1 25 | $-24.5M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $-17.9M | $3.2M | ||
| Q2 24 | $-29.2M | $-4.1M | ||
| Q1 24 | $-24.2M | $-5.2M |
| Q4 25 | 17.8% | 74.2% | ||
| Q3 25 | -0.1% | 74.4% | ||
| Q2 25 | -6.4% | 75.7% | ||
| Q1 25 | -11.8% | 75.9% | ||
| Q4 24 | -4.3% | 76.3% | ||
| Q3 24 | 4.8% | 77.8% | ||
| Q2 24 | -2.7% | 78.2% | ||
| Q1 24 | -0.8% | 76.2% |
| Q4 25 | -5.7% | -182.2% | ||
| Q3 25 | -14.4% | -3.9% | ||
| Q2 25 | -20.4% | -138.7% | ||
| Q1 25 | -36.3% | -4.7% | ||
| Q4 24 | -28.7% | -1.5% | ||
| Q3 24 | -4.8% | -0.9% | ||
| Q2 24 | -20.4% | -4.6% | ||
| Q1 24 | -13.0% | -3.1% |
| Q4 25 | — | -178.3% | ||
| Q3 25 | -40.1% | -8.3% | ||
| Q2 25 | -44.8% | -135.2% | ||
| Q1 25 | -57.2% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | -22.0% | 4.1% | ||
| Q2 24 | -43.8% | -5.4% | ||
| Q1 24 | -33.4% | -6.5% |
| Q4 25 | $-0.03 | $-1.68 | ||
| Q3 25 | $-0.37 | $-0.08 | ||
| Q2 25 | $-0.41 | $-1.15 | ||
| Q1 25 | $-0.47 | $-0.09 | ||
| Q4 24 | $-0.29 | $-0.04 | ||
| Q3 24 | $-0.38 | $0.03 | ||
| Q2 24 | $-0.66 | $-0.04 | ||
| Q1 24 | $-0.58 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $-306.8M | $484.4M |
| Total Assets | $259.8M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $115.7M | ||
| Q3 25 | $5.6M | $95.7M | ||
| Q2 25 | $1.6M | $162.6M | ||
| Q1 25 | $499.0K | $165.5M | ||
| Q4 24 | $898.0K | $189.5M | ||
| Q3 24 | $296.0K | $168.7M | ||
| Q2 24 | $234.0K | $147.1M | ||
| Q1 24 | $1.6M | $128.3M |
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | $338.1M | $496.8M | ||
| Q3 24 | $322.2M | $496.2M | ||
| Q2 24 | $309.0M | $435.6M | ||
| Q1 24 | $307.2M | $434.9M |
| Q4 25 | $-306.8M | $484.4M | ||
| Q3 25 | $-304.9M | $616.9M | ||
| Q2 25 | $-289.3M | $633.7M | ||
| Q1 25 | $-280.7M | $755.7M | ||
| Q4 24 | $-263.9M | $761.3M | ||
| Q3 24 | $-258.9M | $754.7M | ||
| Q2 24 | $-249.0M | $815.4M | ||
| Q1 24 | $-232.1M | $813.8M |
| Q4 25 | $259.8M | $1.2B | ||
| Q3 25 | $241.1M | $1.3B | ||
| Q2 25 | $240.0M | $1.4B | ||
| Q1 25 | $242.5M | $1.5B | ||
| Q4 24 | $259.3M | $1.6B | ||
| Q3 24 | $259.3M | $1.6B | ||
| Q2 24 | $259.3M | $1.5B | ||
| Q1 24 | $259.3M | $1.5B |
| 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× | ||
| Q1 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 | $5.8M | $23.3M |
| Free Cash FlowOCF − Capex | $-10.8M | $23.2M |
| FCF MarginFCF / Revenue | -24.9% | 29.6% |
| Capex IntensityCapex / Revenue | 38.2% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.7M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8M | $23.3M | ||
| Q3 25 | $3.1M | $32.2M | ||
| Q2 25 | $-5.7M | $33.1M | ||
| Q1 25 | $160.0K | $2.5M | ||
| Q4 24 | $-12.6M | $34.3M | ||
| Q3 24 | $-5.0M | $60.1M | ||
| Q2 24 | $-5.1M | $31.0M | ||
| Q1 24 | $-10.3M | $24.8M |
| Q4 25 | $-10.8M | $23.2M | ||
| Q3 25 | $-1.0M | $32.1M | ||
| Q2 25 | $-9.3M | $33.0M | ||
| Q1 25 | $-1.7M | $2.4M | ||
| Q4 24 | $-19.4M | $34.0M | ||
| Q3 24 | $-9.5M | $59.8M | ||
| Q2 24 | $-10.5M | $30.5M | ||
| Q1 24 | $-13.9M | $24.7M |
| Q4 25 | -24.9% | 29.6% | ||
| Q3 25 | -1.7% | 41.3% | ||
| Q2 25 | -17.7% | 43.6% | ||
| Q1 25 | -3.9% | 3.0% | ||
| Q4 24 | -41.2% | 43.5% | ||
| Q3 24 | -11.6% | 75.6% | ||
| Q2 24 | -15.8% | 40.7% | ||
| Q1 24 | -19.1% | 30.6% |
| Q4 25 | 38.2% | 0.1% | ||
| Q3 25 | 6.9% | 0.2% | ||
| Q2 25 | 6.7% | 0.1% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 14.4% | 0.3% | ||
| Q3 24 | 5.5% | 0.3% | ||
| Q2 24 | 8.1% | 0.6% | ||
| Q1 24 | 4.9% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMTX
| Ethanol Sales | $28.8M | 66% |
| Wet Distillers Grains | $6.8M | 16% |
| California Dairy Renewable Natural Gas | $5.2M | 12% |
| Other | $1.8M | 4% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
