vs
Side-by-side financial comparison of Claros Mortgage Trust, Inc. (CMTG) 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 $46.7M, roughly 1.7× Claros Mortgage Trust, Inc.). Repay Holdings Corp runs the higher net margin — -178.3% vs -468.9%, a 290.6% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -22.4%). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% CAGR vs -10.9%).
Claros Mortgage Trust, Inc. is a U.S.-based real estate investment trust that invests in diversified mortgage-related assets, including residential and commercial mortgage loans and mortgage-backed securities. It pursues stable, risk-adjusted long-term returns for shareholders via rigorous asset evaluation and active portfolio management.
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.
CMTG vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.7M | $78.6M |
| Net Profit | $-219.2M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | — | -182.2% |
| Net Margin | -468.9% | -178.3% |
| Revenue YoY | -22.4% | 0.4% |
| Net Profit YoY | -117.7% | -3304.1% |
| EPS (diluted) | $-1.56 | $-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 | $46.7M | $78.6M | ||
| Q3 25 | $46.1M | $77.7M | ||
| Q2 25 | $51.6M | $75.6M | ||
| Q1 25 | $43.4M | $77.3M | ||
| Q4 24 | $60.2M | $78.3M | ||
| Q3 24 | $64.9M | $79.1M | ||
| Q2 24 | $64.5M | $74.9M | ||
| Q1 24 | $58.8M | $80.7M |
| Q4 25 | $-219.2M | $-140.1M | ||
| Q3 25 | $-9.5M | $-6.4M | ||
| Q2 25 | $-181.7M | $-102.3M | ||
| Q1 25 | $-78.6M | $-7.9M | ||
| Q4 24 | $-100.7M | $-4.1M | ||
| Q3 24 | $-56.2M | $3.2M | ||
| Q2 24 | $-11.6M | $-4.1M | ||
| Q1 24 | $-52.8M | $-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 | — | -182.2% | ||
| Q3 25 | — | -3.9% | ||
| Q2 25 | — | -138.7% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -4.6% | ||
| Q1 24 | — | -3.1% |
| Q4 25 | -468.9% | -178.3% | ||
| Q3 25 | -20.7% | -8.3% | ||
| Q2 25 | -351.9% | -135.2% | ||
| Q1 25 | -181.3% | -10.3% | ||
| Q4 24 | -167.2% | -5.3% | ||
| Q3 24 | -86.7% | 4.1% | ||
| Q2 24 | -17.9% | -5.4% | ||
| Q1 24 | -89.7% | -6.5% |
| Q4 25 | $-1.56 | $-1.68 | ||
| Q3 25 | $-0.07 | $-0.08 | ||
| Q2 25 | $-1.30 | $-1.15 | ||
| Q1 25 | $-0.56 | $-0.09 | ||
| Q4 24 | $-0.72 | $-0.04 | ||
| Q3 24 | $-0.40 | $0.03 | ||
| Q2 24 | $-0.09 | $-0.04 | ||
| Q1 24 | $-0.39 | $-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 | $173.2M | $115.7M |
| Total DebtLower is stronger | $3.2B | $280.1M |
| Stockholders' EquityBook value | $1.5B | $484.4M |
| Total Assets | $4.7B | $1.2B |
| Debt / EquityLower = less leverage | 2.06× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.2M | $115.7M | ||
| Q3 25 | $339.5M | $95.7M | ||
| Q2 25 | $209.2M | $162.6M | ||
| Q1 25 | $127.8M | $165.5M | ||
| Q4 24 | $99.1M | $189.5M | ||
| Q3 24 | $113.9M | $168.7M | ||
| Q2 24 | $148.2M | $147.1M | ||
| Q1 24 | $232.5M | $128.3M |
| Q4 25 | $3.2B | $280.1M | ||
| Q3 25 | $3.7B | $279.5M | ||
| Q2 25 | $4.0B | $279.0M | ||
| Q1 25 | $4.7B | $497.6M | ||
| Q4 24 | $4.9B | $496.8M | ||
| Q3 24 | $5.1B | $496.2M | ||
| Q2 24 | $5.3B | $435.6M | ||
| Q1 24 | $5.5B | $434.9M |
| Q4 25 | $1.5B | $484.4M | ||
| Q3 25 | $1.7B | $616.9M | ||
| Q2 25 | $1.8B | $633.7M | ||
| Q1 25 | $1.9B | $755.7M | ||
| Q4 24 | $2.0B | $761.3M | ||
| Q3 24 | $2.1B | $754.7M | ||
| Q2 24 | $2.2B | $815.4M | ||
| Q1 24 | $2.2B | $813.8M |
| Q4 25 | $4.7B | $1.2B | ||
| Q3 25 | $5.4B | $1.3B | ||
| Q2 25 | $5.8B | $1.4B | ||
| Q1 25 | $6.7B | $1.5B | ||
| Q4 24 | $7.0B | $1.6B | ||
| Q3 24 | $7.3B | $1.6B | ||
| Q2 24 | $7.6B | $1.5B | ||
| Q1 24 | $7.8B | $1.5B |
| Q4 25 | 2.06× | 0.58× | ||
| Q3 25 | 2.09× | 0.45× | ||
| Q2 25 | 2.29× | 0.44× | ||
| Q1 25 | 2.42× | 0.66× | ||
| Q4 24 | 2.44× | 0.65× | ||
| Q3 24 | 2.44× | 0.66× | ||
| Q2 24 | 2.46× | 0.53× | ||
| Q1 24 | 2.47× | 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 | $-30.5M | $23.3M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 29.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-30.5M | $23.3M | ||
| Q3 25 | $8.8M | $32.2M | ||
| Q2 25 | $-5.8M | $33.1M | ||
| Q1 25 | $-35.8M | $2.5M | ||
| Q4 24 | $84.5M | $34.3M | ||
| Q3 24 | $39.2M | $60.1M | ||
| Q2 24 | $5.5M | $31.0M | ||
| Q1 24 | $21.5M | $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 | — | — | ||
| 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
CMTG
| Real Estate Owned Portfolio | $34.2M | 73% |
| Other | $11.1M | 24% |
| Mixed Use Property Fixed Rents | $1.4M | 3% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
