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Side-by-side financial comparison of Inspirato Inc (ISPO) 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 $55.5M, roughly 1.4× Inspirato Inc). Inspirato Inc runs the higher net margin — -8.1% vs -178.3%, a 170.2% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -19.6%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-3.0M). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% CAGR vs -11.4%).
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise 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.
ISPO vs RPAY — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.5M | $78.6M |
| Net Profit | $-4.5M | $-140.1M |
| Gross Margin | 31.4% | 74.2% |
| Operating Margin | -8.0% | -182.2% |
| Net Margin | -8.1% | -178.3% |
| Revenue YoY | -19.6% | 0.4% |
| Net Profit YoY | -204.4% | -3304.1% |
| EPS (diluted) | $-0.36 | $-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 | — | $78.6M | ||
| Q3 25 | $55.5M | $77.7M | ||
| Q2 25 | $63.1M | $75.6M | ||
| Q1 25 | $65.9M | $77.3M | ||
| Q4 24 | $63.1M | $78.3M | ||
| Q3 24 | $69.1M | $79.1M | ||
| Q2 24 | $67.4M | $74.9M | ||
| Q1 24 | $80.2M | $80.7M |
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $-4.5M | $-6.4M | ||
| Q2 25 | $-5.3M | $-102.3M | ||
| Q1 25 | $1.6M | $-7.9M | ||
| Q4 24 | $-2.3M | $-4.1M | ||
| Q3 24 | $4.3M | $3.2M | ||
| Q2 24 | $-8.7M | $-4.1M | ||
| Q1 24 | $1.3M | $-5.2M |
| Q4 25 | — | 74.2% | ||
| Q3 25 | 31.4% | 74.4% | ||
| Q2 25 | 27.5% | 75.7% | ||
| Q1 25 | 38.8% | 75.9% | ||
| Q4 24 | 34.7% | 76.3% | ||
| Q3 24 | 71.5% | 77.8% | ||
| Q2 24 | 24.0% | 78.2% | ||
| Q1 24 | 39.5% | 76.2% |
| Q4 25 | — | -182.2% | ||
| Q3 25 | -8.0% | -3.9% | ||
| Q2 25 | -8.3% | -138.7% | ||
| Q1 25 | 2.5% | -4.7% | ||
| Q4 24 | -3.2% | -1.5% | ||
| Q3 24 | 9.8% | -0.9% | ||
| Q2 24 | -22.8% | -4.6% | ||
| Q1 24 | 3.0% | -3.1% |
| Q4 25 | — | -178.3% | ||
| Q3 25 | -8.1% | -8.3% | ||
| Q2 25 | -8.4% | -135.2% | ||
| Q1 25 | 2.5% | -10.3% | ||
| Q4 24 | -3.6% | -5.3% | ||
| Q3 24 | 6.3% | 4.1% | ||
| Q2 24 | -12.9% | -5.4% | ||
| Q1 24 | 1.6% | -6.5% |
| Q4 25 | — | $-1.68 | ||
| Q3 25 | $-0.36 | $-0.08 | ||
| Q2 25 | $-0.42 | $-1.15 | ||
| Q1 25 | $0.12 | $-0.09 | ||
| Q4 24 | $0.98 | $-0.04 | ||
| Q3 24 | $0.62 | $0.03 | ||
| Q2 24 | $-2.33 | $-0.04 | ||
| Q1 24 | $-0.18 | $-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 | $13.7M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $-134.0M | $484.4M |
| Total Assets | $228.3M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $115.7M | ||
| Q3 25 | $13.7M | $95.7M | ||
| Q2 25 | $16.7M | $162.6M | ||
| Q1 25 | $16.4M | $165.5M | ||
| Q4 24 | $21.8M | $189.5M | ||
| Q3 24 | $13.5M | $168.7M | ||
| Q2 24 | $18.8M | $147.1M | ||
| Q1 24 | $22.6M | $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 | — | $484.4M | ||
| Q3 25 | $-134.0M | $616.9M | ||
| Q2 25 | $-129.7M | $633.7M | ||
| Q1 25 | $-125.2M | $755.7M | ||
| Q4 24 | $-129.9M | $761.3M | ||
| Q3 24 | $-134.6M | $754.7M | ||
| Q2 24 | $-35.2M | $815.4M | ||
| Q1 24 | $-27.5M | $813.8M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $228.3M | $1.3B | ||
| Q2 25 | $252.6M | $1.4B | ||
| Q1 25 | $270.1M | $1.5B | ||
| Q4 24 | $273.9M | $1.6B | ||
| Q3 24 | $273.3M | $1.6B | ||
| Q2 24 | $301.7M | $1.5B | ||
| Q1 24 | $313.0M | $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 | $-2.2M | $23.3M |
| Free Cash FlowOCF − Capex | $-3.0M | $23.2M |
| FCF MarginFCF / Revenue | -5.4% | 29.6% |
| Capex IntensityCapex / Revenue | 1.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-31.2M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.3M | ||
| Q3 25 | $-2.2M | $32.2M | ||
| Q2 25 | $1.1M | $33.1M | ||
| Q1 25 | $-6.6M | $2.5M | ||
| Q4 24 | $-15.8M | $34.3M | ||
| Q3 24 | $-13.7M | $60.1M | ||
| Q2 24 | $-1.8M | $31.0M | ||
| Q1 24 | $-7.2M | $24.8M |
| Q4 25 | — | $23.2M | ||
| Q3 25 | $-3.0M | $32.1M | ||
| Q2 25 | $468.0K | $33.0M | ||
| Q1 25 | $-7.5M | $2.4M | ||
| Q4 24 | $-21.2M | $34.0M | ||
| Q3 24 | $-14.8M | $59.8M | ||
| Q2 24 | $-3.7M | $30.5M | ||
| Q1 24 | $-8.5M | $24.7M |
| Q4 25 | — | 29.6% | ||
| Q3 25 | -5.4% | 41.3% | ||
| Q2 25 | 0.7% | 43.6% | ||
| Q1 25 | -11.4% | 3.0% | ||
| Q4 24 | -33.7% | 43.5% | ||
| Q3 24 | -21.5% | 75.6% | ||
| Q2 24 | -5.5% | 40.7% | ||
| Q1 24 | -10.6% | 30.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 1.4% | 0.2% | ||
| Q2 25 | 1.0% | 0.1% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 8.7% | 0.3% | ||
| Q3 24 | 1.6% | 0.3% | ||
| Q2 24 | 2.8% | 0.6% | ||
| Q1 24 | 1.6% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.09× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -3.16× | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | -5.70× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
