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Side-by-side financial comparison of Clarus Corp (CLAR) 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 $65.4M, roughly 1.2× Clarus Corp). Clarus Corp runs the higher net margin — -47.8% vs -178.3%, a 130.5% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -8.4%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $11.6M). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% CAGR vs -2.9%).
Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.
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.
CLAR vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $78.6M |
| Net Profit | $-31.3M | $-140.1M |
| Gross Margin | 27.7% | 74.2% |
| Operating Margin | -59.6% | -182.2% |
| Net Margin | -47.8% | -178.3% |
| Revenue YoY | -8.4% | 0.4% |
| Net Profit YoY | 52.3% | -3304.1% |
| EPS (diluted) | $-0.81 | $-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 | $65.4M | $78.6M | ||
| Q3 25 | $69.3M | $77.7M | ||
| Q2 25 | $55.2M | $75.6M | ||
| Q1 25 | $60.4M | $77.3M | ||
| Q4 24 | $71.4M | $78.3M | ||
| Q3 24 | $67.1M | $79.1M | ||
| Q2 24 | $56.5M | $74.9M | ||
| Q1 24 | $69.3M | $80.7M |
| Q4 25 | $-31.3M | $-140.1M | ||
| Q3 25 | $-1.6M | $-6.4M | ||
| Q2 25 | $-8.4M | $-102.3M | ||
| Q1 25 | $-5.2M | $-7.9M | ||
| Q4 24 | $-65.5M | $-4.1M | ||
| Q3 24 | $-3.2M | $3.2M | ||
| Q2 24 | $-5.5M | $-4.1M | ||
| Q1 24 | $21.9M | $-5.2M |
| Q4 25 | 27.7% | 74.2% | ||
| Q3 25 | 35.1% | 74.4% | ||
| Q2 25 | 35.6% | 75.7% | ||
| Q1 25 | 34.4% | 75.9% | ||
| Q4 24 | 33.4% | 76.3% | ||
| Q3 24 | 35.0% | 77.8% | ||
| Q2 24 | 36.1% | 78.2% | ||
| Q1 24 | 35.9% | 76.2% |
| Q4 25 | -59.6% | -182.2% | ||
| Q3 25 | -4.4% | -3.9% | ||
| Q2 25 | -19.7% | -138.7% | ||
| Q1 25 | -11.2% | -4.7% | ||
| Q4 24 | -70.2% | -1.5% | ||
| Q3 24 | -8.0% | -0.9% | ||
| Q2 24 | -14.4% | -4.6% | ||
| Q1 24 | -9.8% | -3.1% |
| Q4 25 | -47.8% | -178.3% | ||
| Q3 25 | -2.3% | -8.3% | ||
| Q2 25 | -15.3% | -135.2% | ||
| Q1 25 | -8.7% | -10.3% | ||
| Q4 24 | -91.8% | -5.3% | ||
| Q3 24 | -4.7% | 4.1% | ||
| Q2 24 | -9.7% | -5.4% | ||
| Q1 24 | 31.6% | -6.5% |
| Q4 25 | $-0.81 | $-1.68 | ||
| Q3 25 | $-0.04 | $-0.08 | ||
| Q2 25 | $-0.22 | $-1.15 | ||
| Q1 25 | $-0.14 | $-0.09 | ||
| Q4 24 | $-1.72 | $-0.04 | ||
| Q3 24 | $-0.08 | $0.03 | ||
| Q2 24 | $-0.14 | $-0.04 | ||
| Q1 24 | $0.57 | $-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 | $36.7M | $115.7M |
| Total DebtLower is stronger | $0 | $280.1M |
| Stockholders' EquityBook value | $196.4M | $484.4M |
| Total Assets | $249.0M | $1.2B |
| Debt / EquityLower = less leverage | 0.00× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $115.7M | ||
| Q3 25 | $29.5M | $95.7M | ||
| Q2 25 | $28.5M | $162.6M | ||
| Q1 25 | $41.3M | $165.5M | ||
| Q4 24 | $45.4M | $189.5M | ||
| Q3 24 | $36.4M | $168.7M | ||
| Q2 24 | $46.2M | $147.1M | ||
| Q1 24 | $47.5M | $128.3M |
| Q4 25 | $0 | $280.1M | ||
| Q3 25 | $2.0M | $279.5M | ||
| Q2 25 | $1.9M | $279.0M | ||
| Q1 25 | $1.9M | $497.6M | ||
| Q4 24 | $1.9M | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | $37.0K | $434.9M |
| Q4 25 | $196.4M | $484.4M | ||
| Q3 25 | $225.8M | $616.9M | ||
| Q2 25 | $225.1M | $633.7M | ||
| Q1 25 | $229.3M | $755.7M | ||
| Q4 24 | $233.1M | $761.3M | ||
| Q3 24 | $308.5M | $754.7M | ||
| Q2 24 | $307.3M | $815.4M | ||
| Q1 24 | $310.4M | $813.8M |
| Q4 25 | $249.0M | $1.2B | ||
| Q3 25 | $283.1M | $1.3B | ||
| Q2 25 | $286.5M | $1.4B | ||
| Q1 25 | $292.8M | $1.5B | ||
| Q4 24 | $294.1M | $1.6B | ||
| Q3 24 | $375.3M | $1.6B | ||
| Q2 24 | $369.4M | $1.5B | ||
| Q1 24 | $377.0M | $1.5B |
| Q4 25 | 0.00× | 0.58× | ||
| Q3 25 | 0.01× | 0.45× | ||
| Q2 25 | 0.01× | 0.44× | ||
| Q1 25 | 0.01× | 0.66× | ||
| Q4 24 | 0.01× | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | 0.00× | 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 | $12.5M | $23.3M |
| Free Cash FlowOCF − Capex | $11.6M | $23.2M |
| FCF MarginFCF / Revenue | 17.7% | 29.6% |
| Capex IntensityCapex / Revenue | 1.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $23.3M | ||
| Q3 25 | $-5.7M | $32.2M | ||
| Q2 25 | $-9.4M | $33.1M | ||
| Q1 25 | $-2.1M | $2.5M | ||
| Q4 24 | $16.6M | $34.3M | ||
| Q3 24 | $-8.3M | $60.1M | ||
| Q2 24 | $834.0K | $31.0M | ||
| Q1 24 | $-16.4M | $24.8M |
| Q4 25 | $11.6M | $23.2M | ||
| Q3 25 | $-7.0M | $32.1M | ||
| Q2 25 | $-11.3M | $33.0M | ||
| Q1 25 | $-3.3M | $2.4M | ||
| Q4 24 | $14.4M | $34.0M | ||
| Q3 24 | $-9.4M | $59.8M | ||
| Q2 24 | $-744.0K | $30.5M | ||
| Q1 24 | $-18.3M | $24.7M |
| Q4 25 | 17.7% | 29.6% | ||
| Q3 25 | -10.0% | 41.3% | ||
| Q2 25 | -20.4% | 43.6% | ||
| Q1 25 | -5.4% | 3.0% | ||
| Q4 24 | 20.1% | 43.5% | ||
| Q3 24 | -14.0% | 75.6% | ||
| Q2 24 | -1.3% | 40.7% | ||
| Q1 24 | -26.3% | 30.6% |
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 1.8% | 0.2% | ||
| Q2 25 | 3.4% | 0.1% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 3.1% | 0.3% | ||
| Q3 24 | 1.6% | 0.3% | ||
| Q2 24 | 2.8% | 0.6% | ||
| Q1 24 | 2.7% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.75× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
