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Side-by-side financial comparison of Inogen Inc (INGN) 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 $68.6M, roughly 1.1× Inogen Inc). On growth, Inogen Inc posted the faster year-over-year revenue change (3.4% vs 0.4%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-1.9M). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% CAGR vs -1.3%).
Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.
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.
INGN vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $68.6M | $78.6M |
| Net Profit | — | $-140.1M |
| Gross Margin | 51.4% | 74.2% |
| Operating Margin | -13.6% | -182.2% |
| Net Margin | — | -178.3% |
| Revenue YoY | 3.4% | 0.4% |
| Net Profit YoY | — | -3304.1% |
| EPS (diluted) | $-0.26 | $-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 | $68.6M | $78.6M | ||
| Q3 25 | $79.1M | $77.7M | ||
| Q2 25 | $79.2M | $75.6M | ||
| Q1 25 | $68.5M | $77.3M | ||
| Q4 24 | $66.3M | $78.3M | ||
| Q3 24 | $74.9M | $79.1M | ||
| Q2 24 | $74.4M | $74.9M | ||
| Q1 24 | $63.1M | $80.7M |
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $-5.3M | $-6.4M | ||
| Q2 25 | $-4.2M | $-102.3M | ||
| Q1 25 | $-6.2M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $-6.0M | $3.2M | ||
| Q2 24 | $-5.6M | $-4.1M | ||
| Q1 24 | $-14.6M | $-5.2M |
| Q4 25 | 51.4% | 74.2% | ||
| Q3 25 | 52.2% | 74.4% | ||
| Q2 25 | 52.2% | 75.7% | ||
| Q1 25 | 53.1% | 75.9% | ||
| Q4 24 | 54.7% | 76.3% | ||
| Q3 24 | 55.2% | 77.8% | ||
| Q2 24 | 57.4% | 78.2% | ||
| Q1 24 | 54.5% | 76.2% |
| Q4 25 | -13.6% | -182.2% | ||
| Q3 25 | -9.0% | -3.9% | ||
| Q2 25 | -7.7% | -138.7% | ||
| Q1 25 | -11.2% | -4.7% | ||
| Q4 24 | -17.2% | -1.5% | ||
| Q3 24 | -10.4% | -0.9% | ||
| Q2 24 | -9.5% | -4.6% | ||
| Q1 24 | -25.8% | -3.1% |
| Q4 25 | — | -178.3% | ||
| Q3 25 | -6.7% | -8.3% | ||
| Q2 25 | -5.2% | -135.2% | ||
| Q1 25 | -9.0% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | -8.0% | 4.1% | ||
| Q2 24 | -7.5% | -5.4% | ||
| Q1 24 | -23.1% | -6.5% |
| Q4 25 | $-0.26 | $-1.68 | ||
| Q3 25 | $-0.20 | $-0.08 | ||
| Q2 25 | $-0.15 | $-1.15 | ||
| Q1 25 | $-0.25 | $-0.09 | ||
| Q4 24 | $-0.41 | $-0.04 | ||
| Q3 24 | $-0.25 | $0.03 | ||
| Q2 24 | $-0.24 | $-0.04 | ||
| Q1 24 | $-0.62 | $-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 | $103.7M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $192.2M | $484.4M |
| Total Assets | $298.6M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.7M | $115.7M | ||
| Q3 25 | $106.5M | $95.7M | ||
| Q2 25 | $103.7M | $162.6M | ||
| Q1 25 | $118.9M | $165.5M | ||
| Q4 24 | $113.8M | $189.5M | ||
| Q3 24 | $105.7M | $168.7M | ||
| Q2 24 | $97.9M | $147.1M | ||
| Q1 24 | $107.4M | $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 | $192.2M | $484.4M | ||
| Q3 25 | $197.2M | $616.9M | ||
| Q2 25 | $199.5M | $633.7M | ||
| Q1 25 | $198.0M | $755.7M | ||
| Q4 24 | $173.9M | $761.3M | ||
| Q3 24 | $185.4M | $754.7M | ||
| Q2 24 | $187.6M | $815.4M | ||
| Q1 24 | $191.9M | $813.8M |
| Q4 25 | $298.6M | $1.2B | ||
| Q3 25 | $307.0M | $1.3B | ||
| Q2 25 | $312.0M | $1.4B | ||
| Q1 25 | $308.4M | $1.5B | ||
| Q4 24 | $296.2M | $1.6B | ||
| Q3 24 | $306.2M | $1.6B | ||
| Q2 24 | $308.9M | $1.5B | ||
| Q1 24 | $315.6M | $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 | $-943.0K | $23.3M |
| Free Cash FlowOCF − Capex | $-1.9M | $23.2M |
| FCF MarginFCF / Revenue | -2.8% | 29.6% |
| Capex IntensityCapex / Revenue | 1.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.7M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-943.0K | $23.3M | ||
| Q3 25 | $2.2M | $32.2M | ||
| Q2 25 | $4.3M | $33.1M | ||
| Q1 25 | $-16.8M | $2.5M | ||
| Q4 24 | $-3.0M | $34.3M | ||
| Q3 24 | $7.0M | $60.1M | ||
| Q2 24 | $6.7M | $31.0M | ||
| Q1 24 | $-4.7M | $24.8M |
| Q4 25 | $-1.9M | $23.2M | ||
| Q3 25 | $1.6M | $32.1M | ||
| Q2 25 | $3.7M | $33.0M | ||
| Q1 25 | $-17.1M | $2.4M | ||
| Q4 24 | $-3.3M | $34.0M | ||
| Q3 24 | $5.3M | $59.8M | ||
| Q2 24 | $6.6M | $30.5M | ||
| Q1 24 | $-6.1M | $24.7M |
| Q4 25 | -2.8% | 29.6% | ||
| Q3 25 | 2.0% | 41.3% | ||
| Q2 25 | 4.6% | 43.6% | ||
| Q1 25 | -24.9% | 3.0% | ||
| Q4 24 | -5.0% | 43.5% | ||
| Q3 24 | 7.1% | 75.6% | ||
| Q2 24 | 8.9% | 40.7% | ||
| Q1 24 | -9.6% | 30.6% |
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 0.7% | 0.2% | ||
| Q2 25 | 0.9% | 0.1% | ||
| Q1 25 | 0.4% | 0.2% | ||
| Q4 24 | 0.5% | 0.3% | ||
| Q3 24 | 2.2% | 0.3% | ||
| Q2 24 | 0.1% | 0.6% | ||
| Q1 24 | 2.1% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
