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Side-by-side financial comparison of PubMatic, Inc. (PUBM) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
PubMatic, Inc. is the larger business by last-quarter revenue ($80.0M vs $78.6M, roughly 1.0× Repay Holdings Corp). On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -6.4%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $11.3M). Over the past eight quarters, PubMatic, Inc.'s revenue compounded faster (9.5% CAGR vs -1.3%).
PubMatic, Inc. develops and implements online advertising software and strategies for the digital publishing and advertising industry. PubMatic's sell-side, real-time programmatic ad transaction advertising software puts publishers of websites, videos, and mobile apps into contact with ad buyers by using automated systems, while allowing users to opt-out of having their personal information collected on internet searches. PubMatic has a number of offices in countries around the world.
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.
PUBM vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.0M | $78.6M |
| Net Profit | — | $-140.1M |
| Gross Margin | 68.2% | 74.2% |
| Operating Margin | 10.6% | -182.2% |
| Net Margin | — | -178.3% |
| Revenue YoY | -6.4% | 0.4% |
| Net Profit YoY | — | -3304.1% |
| EPS (diluted) | $0.14 | $-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 | $80.0M | $78.6M | ||
| Q3 25 | $68.0M | $77.7M | ||
| Q2 25 | $71.1M | $75.6M | ||
| Q1 25 | $63.8M | $77.3M | ||
| Q4 24 | $85.5M | $78.3M | ||
| Q3 24 | $71.8M | $79.1M | ||
| Q2 24 | $67.3M | $74.9M | ||
| Q1 24 | $66.7M | $80.7M |
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $-6.5M | $-6.4M | ||
| Q2 25 | $-5.2M | $-102.3M | ||
| Q1 25 | $-9.5M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $-912.0K | $3.2M | ||
| Q2 24 | $2.0M | $-4.1M | ||
| Q1 24 | $-2.5M | $-5.2M |
| Q4 25 | 68.2% | 74.2% | ||
| Q3 25 | 62.6% | 74.4% | ||
| Q2 25 | 62.6% | 75.7% | ||
| Q1 25 | 59.9% | 75.9% | ||
| Q4 24 | 70.8% | 76.3% | ||
| Q3 24 | 64.5% | 77.8% | ||
| Q2 24 | 62.6% | 78.2% | ||
| Q1 24 | 61.9% | 76.2% |
| Q4 25 | 10.6% | -182.2% | ||
| Q3 25 | -12.4% | -3.9% | ||
| Q2 25 | -7.7% | -138.7% | ||
| Q1 25 | -18.6% | -4.7% | ||
| Q4 24 | 17.3% | -1.5% | ||
| Q3 24 | -1.9% | -0.9% | ||
| Q2 24 | -5.9% | -4.6% | ||
| Q1 24 | -8.3% | -3.1% |
| Q4 25 | — | -178.3% | ||
| Q3 25 | -9.5% | -8.3% | ||
| Q2 25 | -7.3% | -135.2% | ||
| Q1 25 | -14.9% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | -1.3% | 4.1% | ||
| Q2 24 | 2.9% | -5.4% | ||
| Q1 24 | -3.7% | -6.5% |
| Q4 25 | $0.14 | $-1.68 | ||
| Q3 25 | $-0.14 | $-0.08 | ||
| Q2 25 | $-0.11 | $-1.15 | ||
| Q1 25 | $-0.20 | $-0.09 | ||
| Q4 24 | $0.26 | $-0.04 | ||
| Q3 24 | $-0.02 | $0.03 | ||
| Q2 24 | $0.04 | $-0.04 | ||
| Q1 24 | $-0.05 | $-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 | $145.5M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $262.6M | $484.4M |
| Total Assets | $680.2M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | $115.7M | ||
| Q3 25 | $136.5M | $95.7M | ||
| Q2 25 | $90.5M | $162.6M | ||
| Q1 25 | $101.8M | $165.5M | ||
| Q4 24 | $100.5M | $189.5M | ||
| Q3 24 | $78.9M | $168.7M | ||
| Q2 24 | $73.5M | $147.1M | ||
| Q1 24 | $80.2M | $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 | $262.6M | $484.4M | ||
| Q3 25 | $245.1M | $616.9M | ||
| Q2 25 | $243.3M | $633.7M | ||
| Q1 25 | $275.6M | $755.7M | ||
| Q4 24 | $277.3M | $761.3M | ||
| Q3 24 | $263.2M | $754.7M | ||
| Q2 24 | $282.7M | $815.4M | ||
| Q1 24 | $288.7M | $813.8M |
| Q4 25 | $680.2M | $1.2B | ||
| Q3 25 | $676.2M | $1.3B | ||
| Q2 25 | $675.2M | $1.4B | ||
| Q1 25 | $668.6M | $1.5B | ||
| Q4 24 | $739.5M | $1.6B | ||
| Q3 24 | $689.1M | $1.6B | ||
| Q2 24 | $673.1M | $1.5B | ||
| Q1 24 | $626.2M | $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 | $18.2M | $23.3M |
| Free Cash FlowOCF − Capex | $11.3M | $23.2M |
| FCF MarginFCF / Revenue | 14.1% | 29.6% |
| Capex IntensityCapex / Revenue | 8.6% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $66.7M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $23.3M | ||
| Q3 25 | $32.4M | $32.2M | ||
| Q2 25 | $14.9M | $33.1M | ||
| Q1 25 | $15.6M | $2.5M | ||
| Q4 24 | $18.0M | $34.3M | ||
| Q3 24 | $19.1M | $60.1M | ||
| Q2 24 | $11.9M | $31.0M | ||
| Q1 24 | $24.3M | $24.8M |
| Q4 25 | $11.3M | $23.2M | ||
| Q3 25 | $27.7M | $32.1M | ||
| Q2 25 | $13.6M | $33.0M | ||
| Q1 25 | $14.2M | $2.4M | ||
| Q4 24 | $13.7M | $34.0M | ||
| Q3 24 | $7.4M | $59.8M | ||
| Q2 24 | $11.2M | $30.5M | ||
| Q1 24 | $23.5M | $24.7M |
| Q4 25 | 14.1% | 29.6% | ||
| Q3 25 | 40.8% | 41.3% | ||
| Q2 25 | 19.1% | 43.6% | ||
| Q1 25 | 22.2% | 3.0% | ||
| Q4 24 | 16.1% | 43.5% | ||
| Q3 24 | 10.3% | 75.6% | ||
| Q2 24 | 16.7% | 40.7% | ||
| Q1 24 | 35.2% | 30.6% |
| Q4 25 | 8.6% | 0.1% | ||
| Q3 25 | 6.9% | 0.2% | ||
| Q2 25 | 1.9% | 0.1% | ||
| Q1 25 | 2.3% | 0.2% | ||
| Q4 24 | 5.1% | 0.3% | ||
| Q3 24 | 16.3% | 0.3% | ||
| Q2 24 | 1.1% | 0.6% | ||
| Q1 24 | 1.2% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | 6.06× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PUBM
Segment breakdown not available.
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
