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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $78.6M, roughly 1.8× Repay Holdings Corp). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -178.3%, a 176.0% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 0.4%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs -1.3%).
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
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.
PRPL vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $78.6M |
| Net Profit | $-3.2M | $-140.1M |
| Gross Margin | 41.9% | 74.2% |
| Operating Margin | -1.6% | -182.2% |
| Net Margin | -2.3% | -178.3% |
| Revenue YoY | 9.1% | 0.4% |
| Net Profit YoY | 62.1% | -3304.1% |
| EPS (diluted) | $0.03 | $-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 | $140.7M | $78.6M | ||
| Q3 25 | $118.8M | $77.7M | ||
| Q2 25 | $105.1M | $75.6M | ||
| Q1 25 | $104.2M | $77.3M | ||
| Q4 24 | $129.0M | $78.3M | ||
| Q3 24 | $118.6M | $79.1M | ||
| Q2 24 | $120.3M | $74.9M | ||
| Q1 24 | $120.0M | $80.7M |
| Q4 25 | $-3.2M | $-140.1M | ||
| Q3 25 | $-11.7M | $-6.4M | ||
| Q2 25 | $-17.3M | $-102.3M | ||
| Q1 25 | $-19.1M | $-7.9M | ||
| Q4 24 | $-8.5M | $-4.1M | ||
| Q3 24 | $-39.2M | $3.2M | ||
| Q2 24 | $27.0K | $-4.1M | ||
| Q1 24 | $-50.2M | $-5.2M |
| Q4 25 | 41.9% | 74.2% | ||
| Q3 25 | 42.8% | 74.4% | ||
| Q2 25 | 35.9% | 75.7% | ||
| Q1 25 | 39.4% | 75.9% | ||
| Q4 24 | 42.9% | 76.3% | ||
| Q3 24 | 29.7% | 77.8% | ||
| Q2 24 | 40.7% | 78.2% | ||
| Q1 24 | 34.8% | 76.2% |
| Q4 25 | -1.6% | -182.2% | ||
| Q3 25 | -10.2% | -3.9% | ||
| Q2 25 | -13.5% | -138.7% | ||
| Q1 25 | -13.9% | -4.7% | ||
| Q4 24 | -6.0% | -1.5% | ||
| Q3 24 | -39.5% | -0.9% | ||
| Q2 24 | -12.1% | -4.6% | ||
| Q1 24 | -19.3% | -3.1% |
| Q4 25 | -2.3% | -178.3% | ||
| Q3 25 | -9.9% | -8.3% | ||
| Q2 25 | -16.5% | -135.2% | ||
| Q1 25 | -18.4% | -10.3% | ||
| Q4 24 | -6.6% | -5.3% | ||
| Q3 24 | -33.1% | 4.1% | ||
| Q2 24 | 0.0% | -5.4% | ||
| Q1 24 | -41.8% | -6.5% |
| Q4 25 | $0.03 | $-1.68 | ||
| Q3 25 | $0.11 | $-0.08 | ||
| Q2 25 | $0.16 | $-1.15 | ||
| Q1 25 | $0.18 | $-0.09 | ||
| Q4 24 | $0.08 | $-0.04 | ||
| Q3 24 | $0.36 | $0.03 | ||
| Q2 24 | $0.00 | $-0.04 | ||
| Q1 24 | $0.47 | $-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 | $24.3M | $115.7M |
| Total DebtLower is stronger | $126.7M | $280.1M |
| Stockholders' EquityBook value | $-29.7M | $484.4M |
| Total Assets | $296.3M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | $115.7M | ||
| Q3 25 | $32.4M | $95.7M | ||
| Q2 25 | $34.2M | $162.6M | ||
| Q1 25 | $21.6M | $165.5M | ||
| Q4 24 | $29.0M | $189.5M | ||
| Q3 24 | $23.4M | $168.7M | ||
| Q2 24 | $23.4M | $147.1M | ||
| Q1 24 | $34.5M | $128.3M |
| Q4 25 | $126.7M | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | $70.7M | $496.8M | ||
| Q3 24 | $50.8M | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $-29.7M | $484.4M | ||
| Q3 25 | $-26.9M | $616.9M | ||
| Q2 25 | $-15.6M | $633.7M | ||
| Q1 25 | $1.3M | $755.7M | ||
| Q4 24 | $20.2M | $761.3M | ||
| Q3 24 | $28.0M | $754.7M | ||
| Q2 24 | $66.4M | $815.4M | ||
| Q1 24 | $65.5M | $813.8M |
| Q4 25 | $296.3M | $1.2B | ||
| Q3 25 | $302.1M | $1.3B | ||
| Q2 25 | $303.8M | $1.4B | ||
| Q1 25 | $293.8M | $1.5B | ||
| Q4 24 | $307.8M | $1.6B | ||
| Q3 24 | $309.3M | $1.6B | ||
| Q2 24 | $362.1M | $1.5B | ||
| Q1 24 | $382.1M | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 3.50× | 0.65× | ||
| Q3 24 | 1.82× | 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 | $-5.8M | $23.3M |
| Free Cash FlowOCF − Capex | $-7.8M | $23.2M |
| FCF MarginFCF / Revenue | -5.5% | 29.6% |
| Capex IntensityCapex / Revenue | 1.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $23.3M | ||
| Q3 25 | $-968.0K | $32.2M | ||
| Q2 25 | $-4.0M | $33.1M | ||
| Q1 25 | $-23.1M | $2.5M | ||
| Q4 24 | $6.8M | $34.3M | ||
| Q3 24 | $1.1M | $60.1M | ||
| Q2 24 | $-8.9M | $31.0M | ||
| Q1 24 | $-16.8M | $24.8M |
| Q4 25 | $-7.8M | $23.2M | ||
| Q3 25 | $-1.8M | $32.1M | ||
| Q2 25 | $-7.0M | $33.0M | ||
| Q1 25 | $-25.3M | $2.4M | ||
| Q4 24 | $5.7M | $34.0M | ||
| Q3 24 | $101.0K | $59.8M | ||
| Q2 24 | $-11.0M | $30.5M | ||
| Q1 24 | $-19.9M | $24.7M |
| Q4 25 | -5.5% | 29.6% | ||
| Q3 25 | -1.5% | 41.3% | ||
| Q2 25 | -6.6% | 43.6% | ||
| Q1 25 | -24.3% | 3.0% | ||
| Q4 24 | 4.4% | 43.5% | ||
| Q3 24 | 0.1% | 75.6% | ||
| Q2 24 | -9.2% | 40.7% | ||
| Q1 24 | -16.5% | 30.6% |
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 0.7% | 0.2% | ||
| Q2 25 | 2.8% | 0.1% | ||
| Q1 25 | 2.2% | 0.2% | ||
| Q4 24 | 0.8% | 0.3% | ||
| Q3 24 | 0.9% | 0.3% | ||
| Q2 24 | 1.7% | 0.6% | ||
| Q1 24 | 2.5% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | -330.22× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
