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Side-by-side financial comparison of Cambium Networks Corp (CMBM) 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 $40.3M, roughly 1.9× Cambium Networks Corp). Cambium Networks Corp runs the higher net margin — -17.9% vs -178.3%, a 160.4% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -23.2%). 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 -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
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.
CMBM vs RPAY — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $78.6M |
| Net Profit | $-7.2M | $-140.1M |
| Gross Margin | 36.6% | 74.2% |
| Operating Margin | -28.4% | -182.2% |
| Net Margin | -17.9% | -178.3% |
| Revenue YoY | -23.2% | 0.4% |
| Net Profit YoY | 71.0% | -3304.1% |
| EPS (diluted) | $-0.26 | $-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 | — | $78.6M | ||
| Q3 25 | — | $77.7M | ||
| Q2 25 | — | $75.6M | ||
| Q1 25 | — | $77.3M | ||
| Q4 24 | $40.3M | $78.3M | ||
| Q3 24 | $44.7M | $79.1M | ||
| Q2 24 | $45.2M | $74.9M | ||
| Q1 24 | $47.1M | $80.7M |
| Q4 25 | — | $-140.1M | ||
| Q3 25 | — | $-6.4M | ||
| Q2 25 | — | $-102.3M | ||
| Q1 25 | — | $-7.9M | ||
| Q4 24 | $-7.2M | $-4.1M | ||
| Q3 24 | $-34.5M | $3.2M | ||
| Q2 24 | $-14.2M | $-4.1M | ||
| Q1 24 | $-18.4M | $-5.2M |
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | 36.6% | 76.3% | ||
| Q3 24 | 43.6% | 77.8% | ||
| Q2 24 | 32.5% | 78.2% | ||
| Q1 24 | 29.8% | 76.2% |
| Q4 25 | — | -182.2% | ||
| Q3 25 | — | -3.9% | ||
| Q2 25 | — | -138.7% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | -28.4% | -1.5% | ||
| Q3 24 | -69.6% | -0.9% | ||
| Q2 24 | -27.2% | -4.6% | ||
| Q1 24 | -33.1% | -3.1% |
| Q4 25 | — | -178.3% | ||
| Q3 25 | — | -8.3% | ||
| Q2 25 | — | -135.2% | ||
| Q1 25 | — | -10.3% | ||
| Q4 24 | -17.9% | -5.3% | ||
| Q3 24 | -77.3% | 4.1% | ||
| Q2 24 | -31.5% | -5.4% | ||
| Q1 24 | -39.2% | -6.5% |
| Q4 25 | — | $-1.68 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-1.15 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | $-0.26 | $-0.04 | ||
| Q3 24 | $-1.22 | $0.03 | ||
| Q2 24 | $-0.51 | $-0.04 | ||
| Q1 24 | $-0.66 | $-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 | — | $115.7M |
| Total DebtLower is stronger | $67.6M | $280.1M |
| Stockholders' EquityBook value | $-3.2M | $484.4M |
| Total Assets | $173.7M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $115.7M | ||
| Q3 25 | — | $95.7M | ||
| Q2 25 | — | $162.6M | ||
| Q1 25 | — | $165.5M | ||
| Q4 24 | — | $189.5M | ||
| Q3 24 | — | $168.7M | ||
| Q2 24 | — | $147.1M | ||
| Q1 24 | — | $128.3M |
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | $67.6M | $496.8M | ||
| Q3 24 | $67.6M | $496.2M | ||
| Q2 24 | $68.9M | $435.6M | ||
| Q1 24 | $63.8M | $434.9M |
| Q4 25 | — | $484.4M | ||
| Q3 25 | — | $616.9M | ||
| Q2 25 | — | $633.7M | ||
| Q1 25 | — | $755.7M | ||
| Q4 24 | $-3.2M | $761.3M | ||
| Q3 24 | $1.9M | $754.7M | ||
| Q2 24 | $34.1M | $815.4M | ||
| Q1 24 | $45.0M | $813.8M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $173.7M | $1.6B | ||
| Q3 24 | $194.3M | $1.6B | ||
| Q2 24 | $221.1M | $1.5B | ||
| Q1 24 | $219.8M | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | 36.12× | 0.66× | ||
| Q2 24 | 2.02× | 0.53× | ||
| Q1 24 | 1.42× | 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 | $-10.4M | $23.3M |
| Free Cash FlowOCF − Capex | $-10.8M | $23.2M |
| FCF MarginFCF / Revenue | -26.8% | 29.6% |
| Capex IntensityCapex / Revenue | 1.1% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.3M | ||
| Q3 25 | — | $32.2M | ||
| Q2 25 | — | $33.1M | ||
| Q1 25 | — | $2.5M | ||
| Q4 24 | $-10.4M | $34.3M | ||
| Q3 24 | $8.9M | $60.1M | ||
| Q2 24 | $2.4M | $31.0M | ||
| Q1 24 | $-15.9M | $24.8M |
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | $-10.8M | $34.0M | ||
| Q3 24 | $6.8M | $59.8M | ||
| Q2 24 | $87.0K | $30.5M | ||
| Q1 24 | $-17.4M | $24.7M |
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | -26.8% | 43.5% | ||
| Q3 24 | 15.2% | 75.6% | ||
| Q2 24 | 0.2% | 40.7% | ||
| Q1 24 | -37.0% | 30.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 1.1% | 0.3% | ||
| Q3 24 | 4.8% | 0.3% | ||
| Q2 24 | 5.1% | 0.6% | ||
| Q1 24 | 3.3% | 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
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
