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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) 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 $73.3M, roughly 1.1× Apollo Commercial Real Estate Finance, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -178.3%, a 218.2% gap on every dollar of revenue. On growth, Apollo Commercial Real Estate Finance, Inc. posted the faster year-over-year revenue change (4.0% vs 0.4%). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% CAGR vs -4.6%).
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that originates, acquires and manages commercial real estate debt assets including mortgages, mezzanine loans and mortgage-backed securities, primarily operating in the U.S. market to deliver consistent risk-adjusted returns.
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.
ARI vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $78.6M |
| Net Profit | $29.2M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | 39.7% | -182.2% |
| Net Margin | 39.9% | -178.3% |
| Revenue YoY | 4.0% | 0.4% |
| Net Profit YoY | -28.2% | -3304.1% |
| EPS (diluted) | $0.19 | $-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 | $73.3M | $78.6M | ||
| Q3 25 | $61.6M | $77.7M | ||
| Q2 25 | $70.9M | $75.6M | ||
| Q1 25 | $65.8M | $77.3M | ||
| Q4 24 | $70.5M | $78.3M | ||
| Q3 24 | $71.6M | $79.1M | ||
| Q2 24 | $81.1M | $74.9M | ||
| Q1 24 | $80.5M | $80.7M |
| Q4 25 | $29.2M | $-140.1M | ||
| Q3 25 | $50.8M | $-6.4M | ||
| Q2 25 | $20.7M | $-102.3M | ||
| Q1 25 | $26.0M | $-7.9M | ||
| Q4 24 | $40.7M | $-4.1M | ||
| Q3 24 | $-91.5M | $3.2M | ||
| Q2 24 | $35.8M | $-4.1M | ||
| Q1 24 | $-104.5M | $-5.2M |
| 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 24 | — | 76.2% |
| Q4 25 | 39.7% | -182.2% | ||
| Q3 25 | 82.8% | -3.9% | ||
| Q2 25 | 29.4% | -138.7% | ||
| Q1 25 | 39.7% | -4.7% | ||
| Q4 24 | 57.9% | -1.5% | ||
| Q3 24 | -127.8% | -0.9% | ||
| Q2 24 | 44.2% | -4.6% | ||
| Q1 24 | -129.6% | -3.1% |
| Q4 25 | 39.9% | -178.3% | ||
| Q3 25 | 82.4% | -8.3% | ||
| Q2 25 | 29.3% | -135.2% | ||
| Q1 25 | 39.5% | -10.3% | ||
| Q4 24 | 57.7% | -5.3% | ||
| Q3 24 | -127.9% | 4.1% | ||
| Q2 24 | 44.1% | -5.4% | ||
| Q1 24 | -129.8% | -6.5% |
| Q4 25 | $0.19 | $-1.68 | ||
| Q3 25 | $0.34 | $-0.08 | ||
| Q2 25 | $0.12 | $-1.15 | ||
| Q1 25 | $0.16 | $-0.09 | ||
| Q4 24 | $0.25 | $-0.04 | ||
| Q3 24 | $-0.69 | $0.03 | ||
| Q2 24 | $0.23 | $-0.04 | ||
| Q1 24 | $-0.76 | $-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 | $139.8M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $1.9B | $484.4M |
| Total Assets | $9.9B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $115.7M | ||
| Q3 25 | $245.9M | $95.7M | ||
| Q2 25 | $177.6M | $162.6M | ||
| Q1 25 | $166.4M | $165.5M | ||
| Q4 24 | $317.4M | $189.5M | ||
| Q3 24 | $194.3M | $168.7M | ||
| Q2 24 | $174.7M | $147.1M | ||
| Q1 24 | $161.2M | $128.3M |
| 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 24 | — | $434.9M |
| Q4 25 | $1.9B | $484.4M | ||
| Q3 25 | $1.9B | $616.9M | ||
| Q2 25 | $1.8B | $633.7M | ||
| Q1 25 | $1.9B | $755.7M | ||
| Q4 24 | $1.9B | $761.3M | ||
| Q3 24 | $1.9B | $754.7M | ||
| Q2 24 | $2.0B | $815.4M | ||
| Q1 24 | $2.0B | $813.8M |
| Q4 25 | $9.9B | $1.2B | ||
| Q3 25 | $9.5B | $1.3B | ||
| Q2 25 | $9.8B | $1.4B | ||
| Q1 25 | $8.8B | $1.5B | ||
| Q4 24 | $8.4B | $1.6B | ||
| Q3 24 | $9.1B | $1.6B | ||
| Q2 24 | $9.3B | $1.5B | ||
| Q1 24 | $9.2B | $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 | $142.5M | $23.3M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 29.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 4.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $23.3M | ||
| Q3 25 | $31.7M | $32.2M | ||
| Q2 25 | $63.2M | $33.1M | ||
| Q1 25 | $39.3M | $2.5M | ||
| Q4 24 | $200.3M | $34.3M | ||
| Q3 24 | $47.2M | $60.1M | ||
| Q2 24 | $50.2M | $31.0M | ||
| Q1 24 | $52.8M | $24.8M |
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | — | $30.5M | ||
| Q1 24 | — | $24.7M |
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 30.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 4.88× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 4.93× | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | 1.40× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARI
Segment breakdown not available.
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
