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Side-by-side financial comparison of Franklin BSP Realty Trust, Inc. (FBRT) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Franklin BSP Realty Trust, Inc. is the larger business by last-quarter revenue ($81.1M vs $78.6M, roughly 1.0× Repay Holdings Corp). Franklin BSP Realty Trust, Inc. runs the higher net margin — 22.7% vs -178.3%, a 201.0% gap on every dollar of revenue. On growth, Franklin BSP Realty Trust, Inc. posted the faster year-over-year revenue change (25.8% vs 0.4%). Over the past eight quarters, Franklin BSP Realty Trust, Inc.'s revenue compounded faster (22.6% CAGR vs -1.3%).
Franklin BSP Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on originating, investing in, and managing a diversified portfolio of commercial real estate debt assets, including first mortgage loans, mezzanine financing and other credit-related real estate products. It operates primarily in the U.S. market, targeting consistent risk-adjusted returns and stable income distributions for investors.
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.
FBRT vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $81.1M | $78.6M |
| Net Profit | $18.4M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | — | -182.2% |
| Net Margin | 22.7% | -178.3% |
| Revenue YoY | 25.8% | 0.4% |
| Net Profit YoY | -39.1% | -3304.1% |
| EPS (diluted) | $0.13 | $-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 | $81.1M | $78.6M | ||
| Q3 25 | $89.5M | $77.7M | ||
| Q2 25 | $49.3M | $75.6M | ||
| Q1 25 | $50.1M | $77.3M | ||
| Q4 24 | $64.5M | $78.3M | ||
| Q3 24 | $54.0M | $79.1M | ||
| Q2 24 | $50.9M | $74.9M | ||
| Q1 24 | $54.0M | $80.7M |
| Q4 25 | $18.4M | $-140.1M | ||
| Q3 25 | $17.3M | $-6.4M | ||
| Q2 25 | $23.2M | $-102.3M | ||
| Q1 25 | $24.1M | $-7.9M | ||
| Q4 24 | $30.2M | $-4.1M | ||
| Q3 24 | $31.6M | $3.2M | ||
| Q2 24 | $-2.2M | $-4.1M | ||
| Q1 24 | $35.9M | $-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 | — | -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 | 22.7% | -178.3% | ||
| Q3 25 | 19.3% | -8.3% | ||
| Q2 25 | 47.1% | -135.2% | ||
| Q1 25 | 48.0% | -10.3% | ||
| Q4 24 | 46.8% | -5.3% | ||
| Q3 24 | 58.5% | 4.1% | ||
| Q2 24 | -4.3% | -5.4% | ||
| Q1 24 | 66.6% | -6.5% |
| Q4 25 | $0.13 | $-1.68 | ||
| Q3 25 | $0.12 | $-0.08 | ||
| Q2 25 | $0.19 | $-1.15 | ||
| Q1 25 | $0.20 | $-0.09 | ||
| Q4 24 | $0.28 | $-0.04 | ||
| Q3 24 | $0.30 | $0.03 | ||
| Q2 24 | $-0.11 | $-0.04 | ||
| Q1 24 | $0.35 | $-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 | $167.3M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $1.4B | $484.4M |
| Total Assets | $6.1B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $115.7M | ||
| Q3 25 | $116.7M | $95.7M | ||
| Q2 25 | $414.1M | $162.6M | ||
| Q1 25 | $215.4M | $165.5M | ||
| Q4 24 | $184.4M | $189.5M | ||
| Q3 24 | $346.2M | $168.7M | ||
| Q2 24 | $94.8M | $147.1M | ||
| Q1 24 | $240.0M | $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 | $1.4B | $484.4M | ||
| Q3 25 | $1.5B | $616.9M | ||
| Q2 25 | $1.5B | $633.7M | ||
| Q1 25 | $1.5B | $755.7M | ||
| Q4 24 | $1.5B | $761.3M | ||
| Q3 24 | $1.5B | $754.7M | ||
| Q2 24 | $1.5B | $815.4M | ||
| Q1 24 | $1.6B | $813.8M |
| Q4 25 | $6.1B | $1.2B | ||
| Q3 25 | $6.2B | $1.3B | ||
| Q2 25 | $5.6B | $1.4B | ||
| Q1 25 | $5.7B | $1.5B | ||
| Q4 24 | $6.0B | $1.6B | ||
| Q3 24 | $6.3B | $1.6B | ||
| Q2 24 | $6.3B | $1.5B | ||
| Q1 24 | $6.0B | $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 | $291.9M | $23.3M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 29.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 15.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $291.9M | $23.3M | ||
| Q3 25 | $-148.1M | $32.2M | ||
| Q2 25 | $11.8M | $33.1M | ||
| Q1 25 | $116.2M | $2.5M | ||
| Q4 24 | $57.2M | $34.3M | ||
| Q3 24 | $97.4M | $60.1M | ||
| Q2 24 | $1.9M | $31.0M | ||
| Q1 24 | $13.0M | $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 | 15.88× | — | ||
| Q3 25 | -8.56× | — | ||
| Q2 25 | 0.51× | — | ||
| Q1 25 | 4.83× | — | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | 3.08× | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.36× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBRT
| New Point Holdings JVLLC | $77.3M | 95% |
| Other | $2.1M | 3% |
| Office Building | $1.7M | 2% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
