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Side-by-side financial comparison of WM TECHNOLOGY, INC. (MAPS) 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 $43.1M, roughly 1.8× WM TECHNOLOGY, INC.). WM TECHNOLOGY, INC. runs the higher net margin — -8.3% vs -178.3%, a 170.0% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -9.7%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-280.0K). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% CAGR vs -1.5%).
WM Entertainment is a South Korean entertainment company established in 2008 by former singer Lee Won-min. The company is responsible for managing artist Oh My Girl. On April 7, 2021, the company was acquired by RBW.
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.
MAPS vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.1M | $78.6M |
| Net Profit | $-3.6M | $-140.1M |
| Gross Margin | 94.9% | 74.2% |
| Operating Margin | -13.5% | -182.2% |
| Net Margin | -8.3% | -178.3% |
| Revenue YoY | -9.7% | 0.4% |
| Net Profit YoY | -251.9% | -3304.1% |
| EPS (diluted) | — | $-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 | $43.1M | $78.6M | ||
| Q3 25 | $42.2M | $77.7M | ||
| Q2 25 | $44.8M | $75.6M | ||
| Q1 25 | $44.6M | $77.3M | ||
| Q4 24 | $47.7M | $78.3M | ||
| Q3 24 | $46.6M | $79.1M | ||
| Q2 24 | $45.9M | $74.9M | ||
| Q1 24 | $44.4M | $80.7M |
| Q4 25 | $-3.6M | $-140.1M | ||
| Q3 25 | $2.5M | $-6.4M | ||
| Q2 25 | $1.4M | $-102.3M | ||
| Q1 25 | $1.6M | $-7.9M | ||
| Q4 24 | $2.4M | $-4.1M | ||
| Q3 24 | $3.3M | $3.2M | ||
| Q2 24 | $716.0K | $-4.1M | ||
| Q1 24 | $1.2M | $-5.2M |
| Q4 25 | 94.9% | 74.2% | ||
| Q3 25 | 95.0% | 74.4% | ||
| Q2 25 | 94.9% | 75.7% | ||
| Q1 25 | 95.0% | 75.9% | ||
| Q4 24 | 95.2% | 76.3% | ||
| Q3 24 | 95.3% | 77.8% | ||
| Q2 24 | 95.1% | 78.2% | ||
| Q1 24 | 94.8% | 76.2% |
| Q4 25 | -13.5% | -182.2% | ||
| Q3 25 | 4.6% | -3.9% | ||
| Q2 25 | 4.4% | -138.7% | ||
| Q1 25 | 5.9% | -4.7% | ||
| Q4 24 | 9.6% | -1.5% | ||
| Q3 24 | 11.2% | -0.9% | ||
| Q2 24 | 2.7% | -4.6% | ||
| Q1 24 | 8.5% | -3.1% |
| Q4 25 | -8.3% | -178.3% | ||
| Q3 25 | 5.8% | -8.3% | ||
| Q2 25 | 3.2% | -135.2% | ||
| Q1 25 | 3.7% | -10.3% | ||
| Q4 24 | 4.9% | -5.3% | ||
| Q3 24 | 7.2% | 4.1% | ||
| Q2 24 | 1.6% | -5.4% | ||
| Q1 24 | 2.8% | -6.5% |
| Q4 25 | — | $-1.68 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-1.15 | ||
| Q1 25 | $0.02 | $-0.09 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-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 | $62.4M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $57.2M | $484.4M |
| Total Assets | $190.7M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.4M | $115.7M | ||
| Q3 25 | — | $95.7M | ||
| Q2 25 | — | $162.6M | ||
| Q1 25 | — | $165.5M | ||
| Q4 24 | $52.0M | $189.5M | ||
| Q3 24 | — | $168.7M | ||
| Q2 24 | — | $147.1M | ||
| Q1 24 | — | $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 | $57.2M | $484.4M | ||
| Q3 25 | $56.9M | $616.9M | ||
| Q2 25 | $52.7M | $633.7M | ||
| Q1 25 | $48.5M | $755.7M | ||
| Q4 24 | $36.1M | $761.3M | ||
| Q3 24 | $29.5M | $754.7M | ||
| Q2 24 | $24.5M | $815.4M | ||
| Q1 24 | $20.8M | $813.8M |
| Q4 25 | $190.7M | $1.2B | ||
| Q3 25 | $192.9M | $1.3B | ||
| Q2 25 | $188.1M | $1.4B | ||
| Q1 25 | $183.8M | $1.5B | ||
| Q4 24 | $181.9M | $1.6B | ||
| Q3 24 | $173.6M | $1.6B | ||
| Q2 24 | $168.0M | $1.5B | ||
| Q1 24 | $165.8M | $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 | $3.0M | $23.3M |
| Free Cash FlowOCF − Capex | $-280.0K | $23.2M |
| FCF MarginFCF / Revenue | -0.7% | 29.6% |
| Capex IntensityCapex / Revenue | 7.7% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $13.5M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $23.3M | ||
| Q3 25 | $6.4M | $32.2M | ||
| Q2 25 | $11.1M | $33.1M | ||
| Q1 25 | $5.7M | $2.5M | ||
| Q4 24 | $9.4M | $34.3M | ||
| Q3 24 | $7.2M | $60.1M | ||
| Q2 24 | $12.7M | $31.0M | ||
| Q1 24 | $7.4M | $24.8M |
| Q4 25 | $-280.0K | $23.2M | ||
| Q3 25 | $3.6M | $32.1M | ||
| Q2 25 | $8.2M | $33.0M | ||
| Q1 25 | $2.0M | $2.4M | ||
| Q4 24 | $7.3M | $34.0M | ||
| Q3 24 | $4.9M | $59.8M | ||
| Q2 24 | $10.1M | $30.5M | ||
| Q1 24 | $2.9M | $24.7M |
| Q4 25 | -0.7% | 29.6% | ||
| Q3 25 | 8.4% | 41.3% | ||
| Q2 25 | 18.3% | 43.6% | ||
| Q1 25 | 4.5% | 3.0% | ||
| Q4 24 | 15.2% | 43.5% | ||
| Q3 24 | 10.4% | 75.6% | ||
| Q2 24 | 21.9% | 40.7% | ||
| Q1 24 | 6.4% | 30.6% |
| Q4 25 | 7.7% | 0.1% | ||
| Q3 25 | 6.8% | 0.2% | ||
| Q2 25 | 6.3% | 0.1% | ||
| Q1 25 | 8.2% | 0.2% | ||
| Q4 24 | 4.5% | 0.3% | ||
| Q3 24 | 5.1% | 0.3% | ||
| Q2 24 | 5.7% | 0.6% | ||
| Q1 24 | 10.2% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | 2.61× | — | ||
| Q2 25 | 7.75× | — | ||
| Q1 25 | 3.44× | — | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 2.17× | 18.52× | ||
| Q2 24 | 17.67× | — | ||
| Q1 24 | 5.97× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAPS
| Services | $39.5M | 92% |
| Other | $3.6M | 8% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
