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Side-by-side financial comparison of Allbirds, Inc. (BIRD) 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 $47.7M, roughly 1.6× Allbirds, Inc.). Allbirds, Inc. runs the higher net margin — -41.1% vs -178.3%, a 137.2% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -14.6%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-4.1M). Over the past eight quarters, Allbirds, Inc.'s revenue compounded faster (10.1% CAGR vs -1.3%).
Bird Global, Inc., is a micromobility company based in Miami, Florida. Founded in September 2017, Bird has distributed electric scooters designed for short-term rental to over 350 cities. In April 2024, it was acquired by Third Lane Mobility to avoid bankruptcy.
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.
BIRD vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.7M | $78.6M |
| Net Profit | $-19.6M | $-140.1M |
| Gross Margin | 37.2% | 74.2% |
| Operating Margin | -43.5% | -182.2% |
| Net Margin | -41.1% | -178.3% |
| Revenue YoY | -14.6% | 0.4% |
| Net Profit YoY | 23.7% | -3304.1% |
| EPS (diluted) | $-2.33 | $-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 | $47.7M | $78.6M | ||
| Q3 25 | $33.0M | $77.7M | ||
| Q2 25 | $39.7M | $75.6M | ||
| Q1 25 | $32.1M | $77.3M | ||
| Q4 24 | $55.9M | $78.3M | ||
| Q3 24 | $43.0M | $79.1M | ||
| Q2 24 | $51.6M | $74.9M | ||
| Q1 24 | $39.3M | $80.7M |
| Q4 25 | $-19.6M | $-140.1M | ||
| Q3 25 | $-20.3M | $-6.4M | ||
| Q2 25 | $-15.5M | $-102.3M | ||
| Q1 25 | $-21.9M | $-7.9M | ||
| Q4 24 | $-25.7M | $-4.1M | ||
| Q3 24 | $-21.2M | $3.2M | ||
| Q2 24 | $-19.1M | $-4.1M | ||
| Q1 24 | $-27.3M | $-5.2M |
| Q4 25 | 37.2% | 74.2% | ||
| Q3 25 | 43.2% | 74.4% | ||
| Q2 25 | 40.7% | 75.7% | ||
| Q1 25 | 44.8% | 75.9% | ||
| Q4 24 | 31.3% | 76.3% | ||
| Q3 24 | 44.4% | 77.8% | ||
| Q2 24 | 50.5% | 78.2% | ||
| Q1 24 | 46.9% | 76.2% |
| Q4 25 | -43.5% | -182.2% | ||
| Q3 25 | -60.3% | -3.9% | ||
| Q2 25 | -41.6% | -138.7% | ||
| Q1 25 | -71.1% | -4.7% | ||
| Q4 24 | -46.1% | -1.5% | ||
| Q3 24 | -50.7% | -0.9% | ||
| Q2 24 | -39.1% | -4.6% | ||
| Q1 24 | -75.8% | -3.1% |
| Q4 25 | -41.1% | -178.3% | ||
| Q3 25 | -61.6% | -8.3% | ||
| Q2 25 | -39.1% | -135.2% | ||
| Q1 25 | -68.1% | -10.3% | ||
| Q4 24 | -46.0% | -5.3% | ||
| Q3 24 | -49.3% | 4.1% | ||
| Q2 24 | -37.1% | -5.4% | ||
| Q1 24 | -69.5% | -6.5% |
| Q4 25 | $-2.33 | $-1.68 | ||
| Q3 25 | $-2.49 | $-0.08 | ||
| Q2 25 | $-1.92 | $-1.15 | ||
| Q1 25 | $-2.73 | $-0.09 | ||
| Q4 24 | $-3.22 | $-0.04 | ||
| Q3 24 | $-2.68 | $0.03 | ||
| Q2 24 | $-2.45 | $-0.04 | ||
| Q1 24 | $-3.52 | $-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 | $26.7M | $115.7M |
| Total DebtLower is stronger | $17.4M | $280.1M |
| Stockholders' EquityBook value | $35.9M | $484.4M |
| Total Assets | $109.4M | $1.2B |
| Debt / EquityLower = less leverage | 0.48× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $115.7M | ||
| Q3 25 | $23.7M | $95.7M | ||
| Q2 25 | $33.1M | $162.6M | ||
| Q1 25 | $39.1M | $165.5M | ||
| Q4 24 | $66.7M | $189.5M | ||
| Q3 24 | $78.6M | $168.7M | ||
| Q2 24 | $87.2M | $147.1M | ||
| Q1 24 | $102.1M | $128.3M |
| Q4 25 | $17.4M | $280.1M | ||
| Q3 25 | $12.3M | $279.5M | ||
| Q2 25 | $5.0M | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | $0 | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $35.9M | $484.4M | ||
| Q3 25 | $51.9M | $616.9M | ||
| Q2 25 | $71.4M | $633.7M | ||
| Q1 25 | $82.8M | $755.7M | ||
| Q4 24 | $101.7M | $761.3M | ||
| Q3 24 | $127.3M | $754.7M | ||
| Q2 24 | $144.0M | $815.4M | ||
| Q1 24 | $160.3M | $813.8M |
| Q4 25 | $109.4M | $1.2B | ||
| Q3 25 | $119.9M | $1.3B | ||
| Q2 25 | $136.8M | $1.4B | ||
| Q1 25 | $147.3M | $1.5B | ||
| Q4 24 | $188.9M | $1.6B | ||
| Q3 24 | $221.9M | $1.6B | ||
| Q2 24 | $239.5M | $1.5B | ||
| Q1 24 | $272.4M | $1.5B |
| Q4 25 | 0.48× | 0.58× | ||
| Q3 25 | 0.24× | 0.45× | ||
| Q2 25 | 0.07× | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 0.00× | 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 | $-3.3M | $23.3M |
| Free Cash FlowOCF − Capex | $-4.1M | $23.2M |
| FCF MarginFCF / Revenue | -8.7% | 29.6% |
| Capex IntensityCapex / Revenue | 1.8% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-58.2M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.3M | $23.3M | ||
| Q3 25 | $-15.2M | $32.2M | ||
| Q2 25 | $-8.7M | $33.1M | ||
| Q1 25 | $-27.9M | $2.5M | ||
| Q4 24 | $-10.8M | $34.3M | ||
| Q3 24 | $-11.2M | $60.1M | ||
| Q2 24 | $-15.6M | $31.0M | ||
| Q1 24 | $-26.2M | $24.8M |
| Q4 25 | $-4.1M | $23.2M | ||
| Q3 25 | $-16.1M | $32.1M | ||
| Q2 25 | $-9.4M | $33.0M | ||
| Q1 25 | $-28.5M | $2.4M | ||
| Q4 24 | $-11.9M | $34.0M | ||
| Q3 24 | $-11.9M | $59.8M | ||
| Q2 24 | $-16.9M | $30.5M | ||
| Q1 24 | $-27.3M | $24.7M |
| Q4 25 | -8.7% | 29.6% | ||
| Q3 25 | -48.9% | 41.3% | ||
| Q2 25 | -23.7% | 43.6% | ||
| Q1 25 | -88.8% | 3.0% | ||
| Q4 24 | -21.2% | 43.5% | ||
| Q3 24 | -27.6% | 75.6% | ||
| Q2 24 | -32.8% | 40.7% | ||
| Q1 24 | -69.5% | 30.6% |
| Q4 25 | 1.8% | 0.1% | ||
| Q3 25 | 2.7% | 0.2% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 1.8% | 0.3% | ||
| Q3 24 | 1.5% | 0.3% | ||
| Q2 24 | 2.5% | 0.6% | ||
| Q1 24 | 2.9% | 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
BIRD
Segment breakdown not available.
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
