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Side-by-side financial comparison of Primis Financial Corp. (FRST) 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 $45.6M, roughly 1.7× Primis Financial Corp.). Primis Financial Corp. runs the higher net margin — 16.0% vs -178.3%, a 194.3% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% CAGR vs -1.3%).
Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.
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.
FRST vs RPAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.6M | $78.6M |
| Net Profit | $7.3M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | — | -182.2% |
| Net Margin | 16.0% | -178.3% |
| Revenue YoY | — | 0.4% |
| Net Profit YoY | 200.0% | -3304.1% |
| EPS (diluted) | $0.30 | $-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 | $45.6M | — | ||
| Q4 25 | $80.9M | $78.6M | ||
| Q3 25 | $41.0M | $77.7M | ||
| Q2 25 | $43.2M | $75.6M | ||
| Q1 25 | $58.7M | $77.3M | ||
| Q4 24 | $38.8M | $78.3M | ||
| Q3 24 | $37.3M | $79.1M | ||
| Q2 24 | $35.7M | $74.9M |
| Q1 26 | $7.3M | — | ||
| Q4 25 | $29.5M | $-140.1M | ||
| Q3 25 | $6.8M | $-6.4M | ||
| Q2 25 | $2.4M | $-102.3M | ||
| Q1 25 | $22.6M | $-7.9M | ||
| Q4 24 | $-26.2M | $-4.1M | ||
| Q3 24 | $1.2M | $3.2M | ||
| Q2 24 | $3.4M | $-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 | 44.8% | -182.2% | ||
| Q3 25 | 21.3% | -3.9% | ||
| Q2 25 | 6.9% | -138.7% | ||
| Q1 25 | 41.9% | -4.7% | ||
| Q4 24 | -123.0% | -1.5% | ||
| Q3 24 | -3.1% | -0.9% | ||
| Q2 24 | 7.8% | -4.6% |
| Q1 26 | 16.0% | — | ||
| Q4 25 | 36.5% | -178.3% | ||
| Q3 25 | 16.7% | -8.3% | ||
| Q2 25 | 5.6% | -135.2% | ||
| Q1 25 | 38.6% | -10.3% | ||
| Q4 24 | -100.3% | -5.3% | ||
| Q3 24 | 3.3% | 4.1% | ||
| Q2 24 | 9.6% | -5.4% |
| Q1 26 | $0.30 | — | ||
| Q4 25 | $1.19 | $-1.68 | ||
| Q3 25 | $0.28 | $-0.08 | ||
| Q2 25 | $0.10 | $-1.15 | ||
| Q1 25 | $0.92 | $-0.09 | ||
| Q4 24 | $-0.95 | $-0.04 | ||
| Q3 24 | $0.05 | $0.03 | ||
| Q2 24 | $0.14 | $-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 | $159.9M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $427.2M | $484.4M |
| Total Assets | $4.3B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $159.9M | — | ||
| Q4 25 | $143.6M | $115.7M | ||
| Q3 25 | $63.9M | $95.7M | ||
| Q2 25 | $94.1M | $162.6M | ||
| Q1 25 | $57.0M | $165.5M | ||
| Q4 24 | $64.5M | $189.5M | ||
| Q3 24 | $77.3M | $168.7M | ||
| Q2 24 | $66.6M | $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 | $427.2M | — | ||
| Q4 25 | $422.9M | $484.4M | ||
| Q3 25 | $382.2M | $616.9M | ||
| Q2 25 | $376.4M | $633.7M | ||
| Q1 25 | $375.6M | $755.7M | ||
| Q4 24 | $351.8M | $761.3M | ||
| Q3 24 | $381.0M | $754.7M | ||
| Q2 24 | $376.0M | $815.4M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.0B | $1.2B | ||
| Q3 25 | $4.0B | $1.3B | ||
| Q2 25 | $3.9B | $1.4B | ||
| Q1 25 | $3.7B | $1.5B | ||
| Q4 24 | $3.7B | $1.6B | ||
| Q3 24 | $4.0B | $1.6B | ||
| Q2 24 | $4.0B | $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 | $10.8M | $23.3M | ||
| Q3 25 | $-11.4M | $32.2M | ||
| Q2 25 | $-41.0M | $33.1M | ||
| Q1 25 | $34.4M | $2.5M | ||
| Q4 24 | $19.5M | $34.3M | ||
| Q3 24 | $6.1M | $60.1M | ||
| Q2 24 | $52.3M | $31.0M |
| Q1 26 | — | — | ||
| Q4 25 | $9.0M | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | $18.3M | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | — | $30.5M |
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | 47.3% | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 40.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 3.1% | 0.3% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | 0.0% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.36× | — | ||
| Q3 25 | -1.67× | — | ||
| Q2 25 | -16.82× | — | ||
| Q1 25 | 1.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.93× | 18.52× | ||
| Q2 24 | 15.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRST
| Net Interest Income | $32.1M | 70% |
| Noninterest Income | $13.6M | 30% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
