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Side-by-side financial comparison of GLADSTONE COMMERCIAL CORP (GOOD) 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 $43.5M, roughly 1.8× GLADSTONE COMMERCIAL CORP). GLADSTONE COMMERCIAL CORP runs the higher net margin — 12.4% vs -178.3%, a 190.7% gap on every dollar of revenue. On growth, GLADSTONE COMMERCIAL CORP posted the faster year-over-year revenue change (16.3% vs 0.4%). Over the past eight quarters, GLADSTONE COMMERCIAL CORP's revenue compounded faster (10.3% CAGR vs -1.3%).
Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.
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.
GOOD vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $78.6M |
| Net Profit | $5.4M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | — | -182.2% |
| Net Margin | 12.4% | -178.3% |
| Revenue YoY | 16.3% | 0.4% |
| Net Profit YoY | -25.1% | -3304.1% |
| EPS (diluted) | $0.05 | $-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 | $43.5M | $78.6M | ||
| Q3 25 | $40.8M | $77.7M | ||
| Q2 25 | $39.5M | $75.6M | ||
| Q1 25 | $37.5M | $77.3M | ||
| Q4 24 | $37.4M | $78.3M | ||
| Q3 24 | $39.2M | $79.1M | ||
| Q2 24 | $37.1M | $74.9M | ||
| Q1 24 | $35.7M | $80.7M |
| Q4 25 | $5.4M | $-140.1M | ||
| Q3 25 | $4.1M | $-6.4M | ||
| Q2 25 | $4.6M | $-102.3M | ||
| Q1 25 | $5.1M | $-7.9M | ||
| Q4 24 | $7.2M | $-4.1M | ||
| Q3 24 | $11.7M | $3.2M | ||
| Q2 24 | $1.6M | $-4.1M | ||
| Q1 24 | $3.5M | $-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 | 12.4% | -178.3% | ||
| Q3 25 | 10.1% | -8.3% | ||
| Q2 25 | 11.7% | -135.2% | ||
| Q1 25 | 13.7% | -10.3% | ||
| Q4 24 | 19.2% | -5.3% | ||
| Q3 24 | 29.8% | 4.1% | ||
| Q2 24 | 4.3% | -5.4% | ||
| Q1 24 | 9.9% | -6.5% |
| Q4 25 | $0.05 | $-1.68 | ||
| Q3 25 | $0.02 | $-0.08 | ||
| Q2 25 | $0.03 | $-1.15 | ||
| Q1 25 | $0.04 | $-0.09 | ||
| Q4 24 | $0.10 | $-0.04 | ||
| Q3 24 | $0.20 | $0.03 | ||
| Q2 24 | $-0.04 | $-0.04 | ||
| Q1 24 | $0.01 | $-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 | $10.8M | $115.7M |
| Total DebtLower is stronger | $843.5M | $280.1M |
| Stockholders' EquityBook value | $171.8M | $484.4M |
| Total Assets | $1.2B | $1.2B |
| Debt / EquityLower = less leverage | 4.91× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.8M | $115.7M | ||
| Q3 25 | $18.4M | $95.7M | ||
| Q2 25 | $11.7M | $162.6M | ||
| Q1 25 | $10.4M | $165.5M | ||
| Q4 24 | $11.0M | $189.5M | ||
| Q3 24 | $10.5M | $168.7M | ||
| Q2 24 | $10.4M | $147.1M | ||
| Q1 24 | $10.5M | $128.3M |
| Q4 25 | $843.5M | $280.1M | ||
| Q3 25 | $843.3M | $279.5M | ||
| Q2 25 | $794.4M | $279.0M | ||
| Q1 25 | $740.7M | $497.6M | ||
| Q4 24 | $693.4M | $496.8M | ||
| Q3 24 | $692.6M | $496.2M | ||
| Q2 24 | $722.5M | $435.6M | ||
| Q1 24 | $719.4M | $434.9M |
| Q4 25 | $171.8M | $484.4M | ||
| Q3 25 | $184.8M | $616.9M | ||
| Q2 25 | $177.2M | $633.7M | ||
| Q1 25 | $183.2M | $755.7M | ||
| Q4 24 | $171.2M | $761.3M | ||
| Q3 24 | $168.9M | $754.7M | ||
| Q2 24 | $145.7M | $815.4M | ||
| Q1 24 | $147.3M | $813.8M |
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
| Q4 25 | 4.91× | 0.58× | ||
| Q3 25 | 4.56× | 0.45× | ||
| Q2 25 | 4.48× | 0.44× | ||
| Q1 25 | 4.04× | 0.66× | ||
| Q4 24 | 4.05× | 0.65× | ||
| Q3 24 | 4.10× | 0.66× | ||
| Q2 24 | 4.96× | 0.53× | ||
| Q1 24 | 4.88× | 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 | $88.2M | $23.3M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 29.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 16.38× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $88.2M | $23.3M | ||
| Q3 25 | $18.9M | $32.2M | ||
| Q2 25 | $35.8M | $33.1M | ||
| Q1 25 | $17.7M | $2.5M | ||
| Q4 24 | $57.0M | $34.3M | ||
| Q3 24 | $5.5M | $60.1M | ||
| Q2 24 | $13.6M | $31.0M | ||
| Q1 24 | $15.0M | $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 | 16.38× | — | ||
| Q3 25 | 4.57× | — | ||
| Q2 25 | 7.74× | — | ||
| Q1 25 | 3.44× | — | ||
| Q4 24 | 7.93× | — | ||
| Q3 24 | 0.47× | 18.52× | ||
| Q2 24 | 8.44× | — | ||
| Q1 24 | 4.26× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GOOD
Segment breakdown not available.
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
