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Side-by-side financial comparison of Ellington Financial Inc. (EFC) 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 $78.2M, roughly 1.0× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -178.3%, a 207.2% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs 0.4%). Over the past eight quarters, Ellington Financial Inc.'s revenue compounded faster (1.8% CAGR vs -1.3%).
Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.
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.
EFC vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $78.6M |
| Net Profit | $22.6M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | 7.4% | -182.2% |
| Net Margin | 28.9% | -178.3% |
| Revenue YoY | 8.7% | 0.4% |
| Net Profit YoY | -26.2% | -3304.1% |
| EPS (diluted) | $0.10 | $-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 | $78.2M | $78.6M | ||
| Q3 25 | $82.8M | $77.7M | ||
| Q2 25 | $92.5M | $75.6M | ||
| Q1 25 | $82.9M | $77.3M | ||
| Q4 24 | $72.0M | $78.3M | ||
| Q3 24 | $67.0M | $79.1M | ||
| Q2 24 | $91.2M | $74.9M | ||
| Q1 24 | $75.5M | $80.7M |
| Q4 25 | $22.6M | $-140.1M | ||
| Q3 25 | $29.5M | $-6.4M | ||
| Q2 25 | $42.9M | $-102.3M | ||
| Q1 25 | $31.6M | $-7.9M | ||
| Q4 24 | $30.7M | $-4.1M | ||
| Q3 24 | $16.2M | $3.2M | ||
| Q2 24 | $52.3M | $-4.1M | ||
| Q1 24 | $26.9M | $-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 | 7.4% | -182.2% | ||
| Q3 25 | 31.1% | -3.9% | ||
| Q2 25 | 38.3% | -138.7% | ||
| Q1 25 | 37.3% | -4.7% | ||
| Q4 24 | 28.0% | -1.5% | ||
| Q3 24 | 24.0% | -0.9% | ||
| Q2 24 | 52.8% | -4.6% | ||
| Q1 24 | 42.2% | -3.1% |
| Q4 25 | 28.9% | -178.3% | ||
| Q3 25 | 35.7% | -8.3% | ||
| Q2 25 | 46.4% | -135.2% | ||
| Q1 25 | 38.2% | -10.3% | ||
| Q4 24 | 42.6% | -5.3% | ||
| Q3 24 | 24.1% | 4.1% | ||
| Q2 24 | 57.4% | -5.4% | ||
| Q1 24 | 35.6% | -6.5% |
| Q4 25 | $0.10 | $-1.68 | ||
| Q3 25 | $0.29 | $-0.08 | ||
| Q2 25 | $0.45 | $-1.15 | ||
| Q1 25 | $0.35 | $-0.09 | ||
| Q4 24 | $0.23 | $-0.04 | ||
| Q3 24 | $0.19 | $0.03 | ||
| Q2 24 | $0.62 | $-0.04 | ||
| Q1 24 | $0.32 | $-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 | $201.9M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $1.8B | $484.4M |
| Total Assets | $19.4B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | $115.7M | ||
| Q3 25 | $184.8M | $95.7M | ||
| Q2 25 | $211.0M | $162.6M | ||
| Q1 25 | $203.3M | $165.5M | ||
| Q4 24 | $192.4M | $189.5M | ||
| Q3 24 | $217.7M | $168.7M | ||
| Q2 24 | $198.5M | $147.1M | ||
| Q1 24 | $187.5M | $128.3M |
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $1.8B | $484.4M | ||
| Q3 25 | $1.8B | $616.9M | ||
| Q2 25 | $1.7B | $633.7M | ||
| Q1 25 | $1.6B | $755.7M | ||
| Q4 24 | $1.6B | $761.3M | ||
| Q3 24 | $1.6B | $754.7M | ||
| Q2 24 | $1.6B | $815.4M | ||
| Q1 24 | $1.5B | $813.8M |
| Q4 25 | $19.4B | $1.2B | ||
| Q3 25 | $17.8B | $1.3B | ||
| Q2 25 | $17.1B | $1.4B | ||
| Q1 25 | $16.6B | $1.5B | ||
| Q4 24 | $16.3B | $1.6B | ||
| Q3 24 | $16.0B | $1.6B | ||
| Q2 24 | $15.1B | $1.5B | ||
| Q1 24 | $15.1B | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 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 | $-925.5M | $23.3M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 29.6% |
| Capex IntensityCapex / Revenue | 0.0% | 0.1% |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $23.3M | ||
| Q3 25 | $-290.4M | $32.2M | ||
| Q2 25 | $-210.5M | $33.1M | ||
| Q1 25 | $-126.4M | $2.5M | ||
| Q4 24 | $-430.5M | $34.3M | ||
| Q3 24 | $-141.7M | $60.1M | ||
| Q2 24 | $-88.6M | $31.0M | ||
| Q1 24 | $-59.5M | $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 | 0.0% | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 0.0% | 0.3% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | 0.0% | 0.6% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | -40.92× | — | ||
| Q3 25 | -9.84× | — | ||
| Q2 25 | -4.90× | — | ||
| Q1 25 | -3.99× | — | ||
| Q4 24 | -14.04× | — | ||
| Q3 24 | -8.76× | 18.52× | ||
| Q2 24 | -1.69× | — | ||
| Q1 24 | -2.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EFC
Segment breakdown not available.
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
