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Side-by-side financial comparison of MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI) 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 $49.9M, roughly 1.6× MARAVAI LIFESCIENCES HOLDINGS, INC.). MARAVAI LIFESCIENCES HOLDINGS, INC. runs the higher net margin — -71.6% vs -178.3%, a 106.7% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -11.8%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-24.9M). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% CAGR vs -11.9%).
Maravai LifeSciences Holdings is a global life sciences firm developing critical reagents, diagnostic products, and tech solutions to support biopharma research, drug development, clinical diagnostics, and cell/gene therapy manufacturing. It serves biotech, pharma, research bodies and labs worldwide across three core segments.
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.
MRVI vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.9M | $78.6M |
| Net Profit | $-35.7M | $-140.1M |
| Gross Margin | 25.8% | 74.2% |
| Operating Margin | -117.9% | -182.2% |
| Net Margin | -71.6% | -178.3% |
| Revenue YoY | -11.8% | 0.4% |
| Net Profit YoY | -37.7% | -3304.1% |
| EPS (diluted) | $-0.24 | $-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 | $49.9M | $78.6M | ||
| Q3 25 | $41.6M | $77.7M | ||
| Q2 25 | $47.4M | $75.6M | ||
| Q1 25 | $46.9M | $77.3M | ||
| Q4 24 | $56.6M | $78.3M | ||
| Q3 24 | $69.0M | $79.1M | ||
| Q2 24 | $69.4M | $74.9M | ||
| Q1 24 | $64.2M | $80.7M |
| Q4 25 | $-35.7M | $-140.1M | ||
| Q3 25 | $-25.6M | $-6.4M | ||
| Q2 25 | $-39.6M | $-102.3M | ||
| Q1 25 | $-29.9M | $-7.9M | ||
| Q4 24 | $-25.9M | $-4.1M | ||
| Q3 24 | $-97.1M | $3.2M | ||
| Q2 24 | $-9.8M | $-4.1M | ||
| Q1 24 | $-12.1M | $-5.2M |
| Q4 25 | 25.8% | 74.2% | ||
| Q3 25 | 13.6% | 74.4% | ||
| Q2 25 | 16.4% | 75.7% | ||
| Q1 25 | 16.5% | 75.9% | ||
| Q4 24 | 34.3% | 76.3% | ||
| Q3 24 | 46.7% | 77.8% | ||
| Q2 24 | 44.4% | 78.2% | ||
| Q1 24 | 40.3% | 76.2% |
| Q4 25 | -117.9% | -182.2% | ||
| Q3 25 | -98.6% | -3.9% | ||
| Q2 25 | -139.8% | -138.7% | ||
| Q1 25 | -104.9% | -4.7% | ||
| Q4 24 | -66.7% | -1.5% | ||
| Q3 24 | -239.9% | -0.9% | ||
| Q2 24 | -19.4% | -4.6% | ||
| Q1 24 | -29.4% | -3.1% |
| Q4 25 | -71.6% | -178.3% | ||
| Q3 25 | -61.4% | -8.3% | ||
| Q2 25 | -83.5% | -135.2% | ||
| Q1 25 | -63.9% | -10.3% | ||
| Q4 24 | -45.8% | -5.3% | ||
| Q3 24 | -140.6% | 4.1% | ||
| Q2 24 | -14.1% | -5.4% | ||
| Q1 24 | -18.8% | -6.5% |
| Q4 25 | $-0.24 | $-1.68 | ||
| Q3 25 | $-0.18 | $-0.08 | ||
| Q2 25 | $-0.27 | $-1.15 | ||
| Q1 25 | $-0.21 | $-0.09 | ||
| Q4 24 | $-0.21 | $-0.04 | ||
| Q3 24 | $-0.68 | $0.03 | ||
| Q2 24 | $-0.07 | $-0.04 | ||
| Q1 24 | $-0.09 | $-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 | $216.9M | $115.7M |
| Total DebtLower is stronger | $291.8M | $280.1M |
| Stockholders' EquityBook value | $212.4M | $484.4M |
| Total Assets | $770.6M | $1.2B |
| Debt / EquityLower = less leverage | 1.37× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $216.9M | $115.7M | ||
| Q3 25 | $243.6M | $95.7M | ||
| Q2 25 | $269.9M | $162.6M | ||
| Q1 25 | $285.1M | $165.5M | ||
| Q4 24 | $322.4M | $189.5M | ||
| Q3 24 | $578.2M | $168.7M | ||
| Q2 24 | $573.2M | $147.1M | ||
| Q1 24 | $561.7M | $128.3M |
| Q4 25 | $291.8M | $280.1M | ||
| Q3 25 | $292.8M | $279.5M | ||
| Q2 25 | $293.9M | $279.0M | ||
| Q1 25 | $294.9M | $497.6M | ||
| Q4 24 | $295.9M | $496.8M | ||
| Q3 24 | $521.7M | $496.2M | ||
| Q2 24 | $522.5M | $435.6M | ||
| Q1 24 | $523.3M | $434.9M |
| Q4 25 | $212.4M | $484.4M | ||
| Q3 25 | $245.4M | $616.9M | ||
| Q2 25 | $265.9M | $633.7M | ||
| Q1 25 | $300.6M | $755.7M | ||
| Q4 24 | $325.3M | $761.3M | ||
| Q3 24 | $344.9M | $754.7M | ||
| Q2 24 | $434.7M | $815.4M | ||
| Q1 24 | $410.7M | $813.8M |
| Q4 25 | $770.6M | $1.2B | ||
| Q3 25 | $849.2M | $1.3B | ||
| Q2 25 | $897.0M | $1.4B | ||
| Q1 25 | $959.8M | $1.5B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.4B | $1.5B | ||
| Q1 24 | $1.4B | $1.5B |
| Q4 25 | 1.37× | 0.58× | ||
| Q3 25 | 1.19× | 0.45× | ||
| Q2 25 | 1.11× | 0.44× | ||
| Q1 25 | 0.98× | 0.66× | ||
| Q4 24 | 0.91× | 0.65× | ||
| Q3 24 | 1.51× | 0.66× | ||
| Q2 24 | 1.20× | 0.53× | ||
| Q1 24 | 1.27× | 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 | $-22.8M | $23.3M |
| Free Cash FlowOCF − Capex | $-24.9M | $23.2M |
| FCF MarginFCF / Revenue | -49.9% | 29.6% |
| Capex IntensityCapex / Revenue | 4.2% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-70.7M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-22.8M | $23.3M | ||
| Q3 25 | $-15.2M | $32.2M | ||
| Q2 25 | $-10.3M | $33.1M | ||
| Q1 25 | $-9.4M | $2.5M | ||
| Q4 24 | $-14.6M | $34.3M | ||
| Q3 24 | $13.1M | $60.1M | ||
| Q2 24 | $17.4M | $31.0M | ||
| Q1 24 | $-8.5M | $24.8M |
| Q4 25 | $-24.9M | $23.2M | ||
| Q3 25 | $-18.1M | $32.1M | ||
| Q2 25 | $-13.1M | $33.0M | ||
| Q1 25 | $-14.6M | $2.4M | ||
| Q4 24 | $-20.5M | $34.0M | ||
| Q3 24 | $4.5M | $59.8M | ||
| Q2 24 | $7.9M | $30.5M | ||
| Q1 24 | $-14.1M | $24.7M |
| Q4 25 | -49.9% | 29.6% | ||
| Q3 25 | -43.4% | 41.3% | ||
| Q2 25 | -27.7% | 43.6% | ||
| Q1 25 | -31.2% | 3.0% | ||
| Q4 24 | -36.2% | 43.5% | ||
| Q3 24 | 6.6% | 75.6% | ||
| Q2 24 | 11.4% | 40.7% | ||
| Q1 24 | -22.0% | 30.6% |
| Q4 25 | 4.2% | 0.1% | ||
| Q3 25 | 7.0% | 0.2% | ||
| Q2 25 | 6.1% | 0.1% | ||
| Q1 25 | 11.2% | 0.2% | ||
| Q4 24 | 10.3% | 0.3% | ||
| Q3 24 | 12.4% | 0.3% | ||
| Q2 24 | 13.8% | 0.6% | ||
| Q1 24 | 8.8% | 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
MRVI
| Cygnus Segment | $27.2M | 54% |
| Other | $18.4M | 37% |
| Shipping And Handling | $4.3M | 9% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
