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Side-by-side financial comparison of MAXLINEAR, INC (MXL) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.

MAXLINEAR, INC is the larger business by last-quarter revenue ($137.2M vs $78.6M, roughly 1.7× Repay Holdings Corp). MAXLINEAR, INC runs the higher net margin — -32.9% vs -178.3%, a 145.4% gap on every dollar of revenue. On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (43.0% vs 0.4%). Over the past eight quarters, MAXLINEAR, INC's revenue compounded faster (22.1% CAGR vs -1.3%).

MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.

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.

MXL vs RPAY — Head-to-Head

Bigger by revenue
MXL
MXL
1.7× larger
MXL
$137.2M
$78.6M
RPAY
Growing faster (revenue YoY)
MXL
MXL
+42.6% gap
MXL
43.0%
0.4%
RPAY
Higher net margin
MXL
MXL
145.4% more per $
MXL
-32.9%
-178.3%
RPAY
Faster 2-yr revenue CAGR
MXL
MXL
Annualised
MXL
22.1%
-1.3%
RPAY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MXL
MXL
RPAY
RPAY
Revenue
$137.2M
$78.6M
Net Profit
$-45.1M
$-140.1M
Gross Margin
57.5%
74.2%
Operating Margin
30.0%
-182.2%
Net Margin
-32.9%
-178.3%
Revenue YoY
43.0%
0.4%
Net Profit YoY
-203.0%
-3304.1%
EPS (diluted)
$-0.52
$-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.

Revenue
MXL
MXL
RPAY
RPAY
Q1 26
$137.2M
Q4 25
$136.4M
$78.6M
Q3 25
$126.5M
$77.7M
Q2 25
$108.8M
$75.6M
Q1 25
$95.9M
$77.3M
Q4 24
$92.2M
$78.3M
Q3 24
$81.1M
$79.1M
Q2 24
$92.0M
$74.9M
Net Profit
MXL
MXL
RPAY
RPAY
Q1 26
$-45.1M
Q4 25
$-14.9M
$-140.1M
Q3 25
$-45.5M
$-6.4M
Q2 25
$-26.6M
$-102.3M
Q1 25
$-49.7M
$-7.9M
Q4 24
$-57.8M
$-4.1M
Q3 24
$-75.8M
$3.2M
Q2 24
$-39.3M
$-4.1M
Gross Margin
MXL
MXL
RPAY
RPAY
Q1 26
57.5%
Q4 25
57.6%
74.2%
Q3 25
56.9%
74.4%
Q2 25
56.5%
75.7%
Q1 25
56.1%
75.9%
Q4 24
55.6%
76.3%
Q3 24
54.4%
77.8%
Q2 24
54.6%
78.2%
Operating Margin
MXL
MXL
RPAY
RPAY
Q1 26
30.0%
Q4 25
-10.9%
-182.2%
Q3 25
-32.7%
-3.9%
Q2 25
-22.6%
-138.7%
Q1 25
-48.0%
-4.7%
Q4 24
-44.7%
-1.5%
Q3 24
-82.3%
-0.9%
Q2 24
-44.4%
-4.6%
Net Margin
MXL
MXL
RPAY
RPAY
Q1 26
-32.9%
Q4 25
-10.9%
-178.3%
Q3 25
-36.0%
-8.3%
Q2 25
-24.4%
-135.2%
Q1 25
-51.8%
-10.3%
Q4 24
-62.8%
-5.3%
Q3 24
-93.4%
4.1%
Q2 24
-42.7%
-5.4%
EPS (diluted)
MXL
MXL
RPAY
RPAY
Q1 26
$-0.52
Q4 25
$-0.17
$-1.68
Q3 25
$-0.52
$-0.08
Q2 25
$-0.31
$-1.15
Q1 25
$-0.58
$-0.09
Q4 24
$-0.68
$-0.04
Q3 24
$-0.90
$0.03
Q2 24
$-0.47
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MXL
MXL
RPAY
RPAY
Cash + ST InvestmentsLiquidity on hand
$61.1M
$115.7M
Total DebtLower is stronger
$123.8M
$280.1M
Stockholders' EquityBook value
$454.2M
$484.4M
Total Assets
$771.3M
$1.2B
Debt / EquityLower = less leverage
0.27×
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MXL
MXL
RPAY
RPAY
Q1 26
$61.1M
Q4 25
$72.8M
$115.7M
Q3 25
$111.9M
$95.7M
Q2 25
$108.6M
$162.6M
Q1 25
$102.8M
$165.5M
Q4 24
$118.6M
$189.5M
Q3 24
$148.5M
$168.7M
Q2 24
$185.1M
$147.1M
Total Debt
MXL
MXL
RPAY
RPAY
Q1 26
$123.8M
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
Stockholders' Equity
MXL
MXL
RPAY
RPAY
Q1 26
$454.2M
Q4 25
$451.9M
$484.4M
Q3 25
$464.7M
$616.9M
Q2 25
$488.3M
$633.7M
Q1 25
$493.2M
$755.7M
Q4 24
$516.3M
$761.3M
Q3 24
$556.9M
$754.7M
Q2 24
$617.3M
$815.4M
Total Assets
MXL
MXL
RPAY
RPAY
Q1 26
$771.3M
Q4 25
$796.4M
$1.2B
Q3 25
$808.1M
$1.3B
Q2 25
$863.7M
$1.4B
Q1 25
$855.3M
$1.5B
Q4 24
$864.6M
$1.6B
Q3 24
$895.3M
$1.6B
Q2 24
$973.2M
$1.5B
Debt / Equity
MXL
MXL
RPAY
RPAY
Q1 26
0.27×
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MXL
MXL
RPAY
RPAY
Operating Cash FlowLast quarter
$23.3M
Free Cash FlowOCF − Capex
$23.2M
FCF MarginFCF / Revenue
29.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$90.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MXL
MXL
RPAY
RPAY
Q1 26
Q4 25
$10.4M
$23.3M
Q3 25
$10.1M
$32.2M
Q2 25
$10.5M
$33.1M
Q1 25
$-11.4M
$2.5M
Q4 24
$-27.8M
$34.3M
Q3 24
$-30.7M
$60.1M
Q2 24
$-2.7M
$31.0M
Free Cash Flow
MXL
MXL
RPAY
RPAY
Q1 26
Q4 25
$6.7M
$23.2M
Q3 25
$4.4M
$32.1M
Q2 25
$9.3M
$33.0M
Q1 25
$-13.4M
$2.4M
Q4 24
$-30.0M
$34.0M
Q3 24
$-34.9M
$59.8M
Q2 24
$-5.7M
$30.5M
FCF Margin
MXL
MXL
RPAY
RPAY
Q1 26
Q4 25
4.9%
29.6%
Q3 25
3.5%
41.3%
Q2 25
8.6%
43.6%
Q1 25
-14.0%
3.0%
Q4 24
-32.6%
43.5%
Q3 24
-43.0%
75.6%
Q2 24
-6.2%
40.7%
Capex Intensity
MXL
MXL
RPAY
RPAY
Q1 26
Q4 25
2.7%
0.1%
Q3 25
4.5%
0.2%
Q2 25
1.1%
0.1%
Q1 25
2.1%
0.2%
Q4 24
2.4%
0.3%
Q3 24
5.1%
0.3%
Q2 24
3.3%
0.6%
Cash Conversion
MXL
MXL
RPAY
RPAY
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
18.52×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MXL
MXL

Segment breakdown not available.

RPAY
RPAY

Sales Channel Directly To Consumer$69.4M88%
Other$6.8M9%
Sales Channel Through Intermediary$2.3M3%

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