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Side-by-side financial comparison of BRC Inc. (BRCC) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
BRC Inc. is the larger business by last-quarter revenue ($112.7M vs $78.6M, roughly 1.4× Repay Holdings Corp). BRC Inc. runs the higher net margin — -2.8% vs -178.3%, a 175.4% gap on every dollar of revenue. On growth, BRC Inc. posted the faster year-over-year revenue change (6.5% vs 0.4%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-9.4M). Over the past eight quarters, BRC Inc.'s revenue compounded faster (7.0% CAGR vs -1.3%).
BRC Inc., operating under the Black Rifle Coffee brand, is a U.S.-headquartered premium coffee and lifestyle brand. It sells roasted coffee beans, ready-to-drink coffee products, branded apparel, and outdoor gear, targeting primarily veteran, first responder, and outdoor enthusiast consumer segments across North America, via both e-commerce and physical retail channels.
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.
BRCC vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $78.6M |
| Net Profit | $-3.2M | $-140.1M |
| Gross Margin | 32.1% | 74.2% |
| Operating Margin | -6.3% | -182.2% |
| Net Margin | -2.8% | -178.3% |
| Revenue YoY | 6.5% | 0.4% |
| Net Profit YoY | -29.3% | -3304.1% |
| EPS (diluted) | $-0.02 | $-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 | $112.7M | $78.6M | ||
| Q3 25 | $100.7M | $77.7M | ||
| Q2 25 | $94.8M | $75.6M | ||
| Q1 25 | $90.0M | $77.3M | ||
| Q4 24 | $105.9M | $78.3M | ||
| Q3 24 | $98.2M | $79.1M | ||
| Q2 24 | $89.0M | $74.9M | ||
| Q1 24 | $98.4M | $80.7M |
| Q4 25 | $-3.2M | $-140.1M | ||
| Q3 25 | $-486.0K | $-6.4M | ||
| Q2 25 | $-5.3M | $-102.3M | ||
| Q1 25 | $-2.9M | $-7.9M | ||
| Q4 24 | $-2.5M | $-4.1M | ||
| Q3 24 | $-535.0K | $3.2M | ||
| Q2 24 | $-482.0K | $-4.1M | ||
| Q1 24 | $548.0K | $-5.2M |
| Q4 25 | 32.1% | 74.2% | ||
| Q3 25 | 36.9% | 74.4% | ||
| Q2 25 | 33.9% | 75.7% | ||
| Q1 25 | 36.1% | 75.9% | ||
| Q4 24 | 38.1% | 76.3% | ||
| Q3 24 | 42.1% | 77.8% | ||
| Q2 24 | 41.9% | 78.2% | ||
| Q1 24 | 42.9% | 76.2% |
| Q4 25 | -6.3% | -182.2% | ||
| Q3 25 | 0.5% | -3.9% | ||
| Q2 25 | -13.3% | -138.7% | ||
| Q1 25 | -6.0% | -4.7% | ||
| Q4 24 | -2.1% | -1.5% | ||
| Q3 24 | 1.1% | -0.9% | ||
| Q2 24 | 1.1% | -4.6% | ||
| Q1 24 | 4.0% | -3.1% |
| Q4 25 | -2.8% | -178.3% | ||
| Q3 25 | -0.5% | -8.3% | ||
| Q2 25 | -5.6% | -135.2% | ||
| Q1 25 | -3.2% | -10.3% | ||
| Q4 24 | -2.3% | -5.3% | ||
| Q3 24 | -0.5% | 4.1% | ||
| Q2 24 | -0.5% | -5.4% | ||
| Q1 24 | 0.6% | -6.5% |
| Q4 25 | $-0.02 | $-1.68 | ||
| Q3 25 | $0.00 | $-0.08 | ||
| Q2 25 | $-0.07 | $-1.15 | ||
| Q1 25 | $-0.04 | $-0.09 | ||
| Q4 24 | $-0.03 | $-0.04 | ||
| Q3 24 | $-0.01 | $0.03 | ||
| Q2 24 | $-0.01 | $-0.04 | ||
| Q1 24 | $0.01 | $-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 | $4.3M | $115.7M |
| Total DebtLower is stronger | $34.7M | $280.1M |
| Stockholders' EquityBook value | $45.7M | $484.4M |
| Total Assets | $209.2M | $1.2B |
| Debt / EquityLower = less leverage | 0.76× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $115.7M | ||
| Q3 25 | $9.5M | $95.7M | ||
| Q2 25 | $4.3M | $162.6M | ||
| Q1 25 | $3.9M | $165.5M | ||
| Q4 24 | $6.8M | $189.5M | ||
| Q3 24 | $7.3M | $168.7M | ||
| Q2 24 | $9.6M | $147.1M | ||
| Q1 24 | $4.0M | $128.3M |
| Q4 25 | $34.7M | $280.1M | ||
| Q3 25 | $35.0M | $279.5M | ||
| Q2 25 | $72.7M | $279.0M | ||
| Q1 25 | $68.8M | $497.6M | ||
| Q4 24 | $65.1M | $496.8M | ||
| Q3 24 | $64.9M | $496.2M | ||
| Q2 24 | $66.5M | $435.6M | ||
| Q1 24 | $61.5M | $434.9M |
| Q4 25 | $45.7M | $484.4M | ||
| Q3 25 | $48.0M | $616.9M | ||
| Q2 25 | $10.1M | $633.7M | ||
| Q1 25 | $11.2M | $755.7M | ||
| Q4 24 | $13.2M | $761.3M | ||
| Q3 24 | $14.5M | $754.7M | ||
| Q2 24 | $14.9M | $815.4M | ||
| Q1 24 | $14.6M | $813.8M |
| Q4 25 | $209.2M | $1.2B | ||
| Q3 25 | $222.4M | $1.3B | ||
| Q2 25 | $225.3M | $1.4B | ||
| Q1 25 | $222.9M | $1.5B | ||
| Q4 24 | $227.4M | $1.6B | ||
| Q3 24 | $233.7M | $1.6B | ||
| Q2 24 | $229.9M | $1.5B | ||
| Q1 24 | $227.2M | $1.5B |
| Q4 25 | 0.76× | 0.58× | ||
| Q3 25 | 0.73× | 0.45× | ||
| Q2 25 | 7.19× | 0.44× | ||
| Q1 25 | 6.15× | 0.66× | ||
| Q4 24 | 4.94× | 0.65× | ||
| Q3 24 | 4.47× | 0.66× | ||
| Q2 24 | 4.46× | 0.53× | ||
| Q1 24 | 4.21× | 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 | $-8.7M | $23.3M |
| Free Cash FlowOCF − Capex | $-9.4M | $23.2M |
| FCF MarginFCF / Revenue | -8.3% | 29.6% |
| Capex IntensityCapex / Revenue | 0.6% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $23.3M | ||
| Q3 25 | $6.4M | $32.2M | ||
| Q2 25 | $-3.3M | $33.1M | ||
| Q1 25 | $-4.1M | $2.5M | ||
| Q4 24 | $2.2M | $34.3M | ||
| Q3 24 | $1.9M | $60.1M | ||
| Q2 24 | $2.3M | $31.0M | ||
| Q1 24 | $4.9M | $24.8M |
| Q4 25 | $-9.4M | $23.2M | ||
| Q3 25 | $5.6M | $32.1M | ||
| Q2 25 | $-4.3M | $33.0M | ||
| Q1 25 | $-5.3M | $2.4M | ||
| Q4 24 | $504.0K | $34.0M | ||
| Q3 24 | $-205.0K | $59.8M | ||
| Q2 24 | $147.0K | $30.5M | ||
| Q1 24 | $2.2M | $24.7M |
| Q4 25 | -8.3% | 29.6% | ||
| Q3 25 | 5.5% | 41.3% | ||
| Q2 25 | -4.5% | 43.6% | ||
| Q1 25 | -5.9% | 3.0% | ||
| Q4 24 | 0.5% | 43.5% | ||
| Q3 24 | -0.2% | 75.6% | ||
| Q2 24 | 0.2% | 40.7% | ||
| Q1 24 | 2.2% | 30.6% |
| Q4 25 | 0.6% | 0.1% | ||
| Q3 25 | 0.8% | 0.2% | ||
| Q2 25 | 1.0% | 0.1% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 1.6% | 0.3% | ||
| Q3 24 | 2.2% | 0.3% | ||
| Q2 24 | 2.4% | 0.6% | ||
| Q1 24 | 2.8% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.97× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRCC
| Sales Channel Through Intermediary | $72.9M | 65% |
| Sales Channel Directly To Consumer | $34.4M | 31% |
| Outpost | $5.4M | 5% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
