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Side-by-side financial comparison of Finwise Bancorp (FINW) 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 $42.7M, roughly 1.8× Finwise Bancorp). Finwise Bancorp runs the higher net margin — 6.4% vs -178.3%, a 184.7% gap on every dollar of revenue. Over the past eight quarters, Finwise Bancorp's revenue compounded faster (47.0% CAGR vs -1.3%).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
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.
FINW vs RPAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $42.7M | $78.6M |
| Net Profit | $2.7M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | — | -182.2% |
| Net Margin | 6.4% | -178.3% |
| Revenue YoY | — | 0.4% |
| Net Profit YoY | — | -3304.1% |
| EPS (diluted) | $0.20 | $-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.
| Q1 26 | $42.7M | — | ||
| Q4 25 | $46.9M | $78.6M | ||
| Q3 25 | $36.7M | $77.7M | ||
| Q2 25 | $25.1M | $75.6M | ||
| Q1 25 | $22.1M | $77.3M | ||
| Q4 24 | $21.1M | $78.3M | ||
| Q3 24 | $20.8M | $79.1M | ||
| Q2 24 | $19.8M | $74.9M |
| Q1 26 | $2.7M | — | ||
| Q4 25 | $3.9M | $-140.1M | ||
| Q3 25 | $4.9M | $-6.4M | ||
| Q2 25 | $4.1M | $-102.3M | ||
| Q1 25 | $3.2M | $-7.9M | ||
| Q4 24 | $2.8M | $-4.1M | ||
| Q3 24 | $3.5M | $3.2M | ||
| Q2 24 | $3.2M | $-4.1M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 11.7% | -182.2% | ||
| Q3 25 | 17.5% | -3.9% | ||
| Q2 25 | 21.7% | -138.7% | ||
| Q1 25 | 20.1% | -4.7% | ||
| Q4 24 | 17.5% | -1.5% | ||
| Q3 24 | 22.2% | -0.9% | ||
| Q2 24 | 21.1% | -4.6% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 8.4% | -178.3% | ||
| Q3 25 | 13.3% | -8.3% | ||
| Q2 25 | 16.3% | -135.2% | ||
| Q1 25 | 14.4% | -10.3% | ||
| Q4 24 | 13.2% | -5.3% | ||
| Q3 24 | 16.6% | 4.1% | ||
| Q2 24 | 16.1% | -5.4% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.27 | $-1.68 | ||
| Q3 25 | $0.34 | $-0.08 | ||
| Q2 25 | $0.29 | $-1.15 | ||
| Q1 25 | $0.23 | $-0.09 | ||
| Q4 24 | $0.19 | $-0.04 | ||
| Q3 24 | $0.25 | $0.03 | ||
| Q2 24 | $0.24 | $-0.04 |
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 | — | $280.1M |
| Stockholders' EquityBook value | $196.6M | $484.4M |
| Total Assets | $899.4M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $163.4M | $115.7M | ||
| Q3 25 | $105.6M | $95.7M | ||
| Q2 25 | $90.1M | $162.6M | ||
| Q1 25 | $120.3M | $165.5M | ||
| Q4 24 | $109.2M | $189.5M | ||
| Q3 24 | $85.8M | $168.7M | ||
| Q2 24 | $89.0M | $147.1M |
| Q1 26 | — | — | ||
| 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 26 | $196.6M | — | ||
| Q4 25 | $193.2M | $484.4M | ||
| Q3 25 | $187.8M | $616.9M | ||
| Q2 25 | $182.0M | $633.7M | ||
| Q1 25 | $177.4M | $755.7M | ||
| Q4 24 | $173.7M | $761.3M | ||
| Q3 24 | $170.4M | $754.7M | ||
| Q2 24 | $165.8M | $815.4M |
| Q1 26 | $899.4M | — | ||
| Q4 25 | $977.1M | $1.2B | ||
| Q3 25 | $899.9M | $1.3B | ||
| Q2 25 | $842.5M | $1.4B | ||
| Q1 25 | $804.1M | $1.5B | ||
| Q4 24 | $746.0M | $1.6B | ||
| Q3 24 | $683.0M | $1.6B | ||
| Q2 24 | $617.8M | $1.5B |
| Q1 26 | — | — | ||
| 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× |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $-28.4M | $23.3M | ||
| Q3 25 | $3.5M | $32.2M | ||
| Q2 25 | $-18.3M | $33.1M | ||
| Q1 25 | $-21.6M | $2.5M | ||
| Q4 24 | $-15.0M | $34.3M | ||
| Q3 24 | $-9.8M | $60.1M | ||
| Q2 24 | $-7.6M | $31.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | $23.2M | ||
| Q3 25 | $3.4M | $32.1M | ||
| Q2 25 | $-19.8M | $33.0M | ||
| Q1 25 | $-23.3M | $2.4M | ||
| Q4 24 | $-16.1M | $34.0M | ||
| Q3 24 | $-13.4M | $59.8M | ||
| Q2 24 | $-7.7M | $30.5M |
| Q1 26 | — | — | ||
| Q4 25 | -61.1% | 29.6% | ||
| Q3 25 | 9.4% | 41.3% | ||
| Q2 25 | -79.0% | 43.6% | ||
| Q1 25 | -105.3% | 3.0% | ||
| Q4 24 | -76.0% | 43.5% | ||
| Q3 24 | -64.3% | 75.6% | ||
| Q2 24 | -38.7% | 40.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 0.1% | 0.2% | ||
| Q2 25 | 5.8% | 0.1% | ||
| Q1 25 | 7.4% | 0.2% | ||
| Q4 24 | 5.1% | 0.3% | ||
| Q3 24 | 17.2% | 0.3% | ||
| Q2 24 | 0.3% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | -7.26× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | -4.48× | — | ||
| Q1 25 | -6.78× | — | ||
| Q4 24 | -5.37× | — | ||
| Q3 24 | -2.84× | 18.52× | ||
| Q2 24 | -2.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
