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Side-by-side financial comparison of NETSTREIT Corp. (NTST) 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 $57.1M, roughly 1.4× NETSTREIT Corp.). NETSTREIT Corp. runs the higher net margin — 10.0% vs -178.3%, a 188.3% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs 0.4%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% CAGR vs -1.3%).
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
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.
NTST vs RPAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $57.1M | $78.6M |
| Net Profit | $5.7M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | 34.1% | -182.2% |
| Net Margin | 10.0% | -178.3% |
| Revenue YoY | 24.3% | 0.4% |
| Net Profit YoY | 235.9% | -3304.1% |
| EPS (diluted) | $0.32 | $-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.
| Q1 26 | $57.1M | — | ||
| Q4 25 | $52.5M | $78.6M | ||
| Q3 25 | $48.3M | $77.7M | ||
| Q2 25 | $48.3M | $75.6M | ||
| Q1 25 | $45.9M | $77.3M | ||
| Q4 24 | $44.1M | $78.3M | ||
| Q3 24 | $41.4M | $79.1M | ||
| Q2 24 | $39.6M | $74.9M |
| Q1 26 | $5.7M | — | ||
| Q4 25 | $1.3M | $-140.1M | ||
| Q3 25 | $618.0K | $-6.4M | ||
| Q2 25 | $3.3M | $-102.3M | ||
| Q1 25 | $1.7M | $-7.9M | ||
| Q4 24 | $-5.4M | $-4.1M | ||
| Q3 24 | $-5.3M | $3.2M | ||
| Q2 24 | $-2.3M | $-4.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% |
| Q1 26 | 34.1% | — | ||
| Q4 25 | 2.6% | -182.2% | ||
| Q3 25 | 1.3% | -3.9% | ||
| Q2 25 | 6.8% | -138.7% | ||
| Q1 25 | 3.7% | -4.7% | ||
| Q4 24 | -12.3% | -1.5% | ||
| Q3 24 | -12.8% | -0.9% | ||
| Q2 24 | -5.8% | -4.6% |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 2.5% | -178.3% | ||
| Q3 25 | 1.3% | -8.3% | ||
| Q2 25 | 6.8% | -135.2% | ||
| Q1 25 | 3.7% | -10.3% | ||
| Q4 24 | -12.3% | -5.3% | ||
| Q3 24 | -12.8% | 4.1% | ||
| Q2 24 | -5.8% | -5.4% |
| Q1 26 | $0.32 | — | ||
| Q4 25 | $0.01 | $-1.68 | ||
| Q3 25 | $0.01 | $-0.08 | ||
| Q2 25 | $0.04 | $-1.15 | ||
| Q1 25 | $0.02 | $-0.09 | ||
| Q4 24 | $-0.07 | $-0.04 | ||
| Q3 24 | $-0.07 | $0.03 | ||
| Q2 24 | $-0.03 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $1.5B | $484.4M |
| Total Assets | $2.8B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $115.7M | ||
| Q3 25 | — | $95.7M | ||
| Q2 25 | — | $162.6M | ||
| Q1 25 | — | $165.5M | ||
| Q4 24 | — | $189.5M | ||
| Q3 24 | — | $168.7M | ||
| Q2 24 | — | $147.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $280.1M | ||
| Q3 25 | $1.1B | $279.5M | ||
| Q2 25 | $926.6M | $279.0M | ||
| Q1 25 | $913.3M | $497.6M | ||
| Q4 24 | $868.3M | $496.8M | ||
| Q3 24 | $778.7M | $496.2M | ||
| Q2 24 | $726.2M | $435.6M |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $484.4M | ||
| Q3 25 | $1.3B | $616.9M | ||
| Q2 25 | $1.3B | $633.7M | ||
| Q1 25 | $1.3B | $755.7M | ||
| Q4 24 | $1.3B | $761.3M | ||
| Q3 24 | $1.3B | $754.7M | ||
| Q2 24 | $1.3B | $815.4M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.6B | $1.2B | ||
| Q3 25 | $2.5B | $1.3B | ||
| Q2 25 | $2.3B | $1.4B | ||
| Q1 25 | $2.3B | $1.5B | ||
| Q4 24 | $2.3B | $1.6B | ||
| Q3 24 | $2.2B | $1.6B | ||
| Q2 24 | $2.1B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | 0.58× | ||
| Q3 25 | 0.84× | 0.45× | ||
| Q2 25 | 0.70× | 0.44× | ||
| Q1 25 | 0.70× | 0.66× | ||
| Q4 24 | 0.65× | 0.65× | ||
| Q3 24 | 0.58× | 0.66× | ||
| Q2 24 | 0.55× | 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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $109.5M | $23.3M | ||
| Q3 25 | $28.0M | $32.2M | ||
| Q2 25 | $30.6M | $33.1M | ||
| Q1 25 | $22.1M | $2.5M | ||
| Q4 24 | $90.2M | $34.3M | ||
| Q3 24 | $25.1M | $60.1M | ||
| Q2 24 | $25.4M | $31.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | — | $30.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 40.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 82.46× | — | ||
| Q3 25 | 45.27× | — | ||
| Q2 25 | 9.36× | — | ||
| Q1 25 | 13.06× | — | ||
| 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
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
