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Side-by-side financial comparison of RE/MAX Holdings, Inc. (RMAX) 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 $71.1M, roughly 1.1× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -178.3%, a 180.3% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $23.2M). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% CAGR vs -4.7%).
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
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.
RMAX vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $71.1M | $78.6M |
| Net Profit | $1.4M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | 13.1% | -182.2% |
| Net Margin | 2.0% | -178.3% |
| Revenue YoY | -1.8% | 0.4% |
| Net Profit YoY | -75.2% | -3304.1% |
| EPS (diluted) | — | $-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 | $71.1M | $78.6M | ||
| Q3 25 | $73.2M | $77.7M | ||
| Q2 25 | $72.8M | $75.6M | ||
| Q1 25 | $74.5M | $77.3M | ||
| Q4 24 | $72.5M | $78.3M | ||
| Q3 24 | $78.5M | $79.1M | ||
| Q2 24 | $78.5M | $74.9M | ||
| Q1 24 | $78.3M | $80.7M |
| Q4 25 | $1.4M | $-140.1M | ||
| Q3 25 | $4.0M | $-6.4M | ||
| Q2 25 | $4.7M | $-102.3M | ||
| Q1 25 | $-2.0M | $-7.9M | ||
| Q4 24 | $5.8M | $-4.1M | ||
| Q3 24 | $966.0K | $3.2M | ||
| Q2 24 | $3.7M | $-4.1M | ||
| Q1 24 | $-3.4M | $-5.2M |
| 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 24 | — | 76.2% |
| Q4 25 | 13.1% | -182.2% | ||
| Q3 25 | 25.0% | -3.9% | ||
| Q2 25 | 19.3% | -138.7% | ||
| Q1 25 | 7.2% | -4.7% | ||
| Q4 24 | 5.9% | -1.5% | ||
| Q3 24 | 19.4% | -0.9% | ||
| Q2 24 | 20.6% | -4.6% | ||
| Q1 24 | 5.8% | -3.1% |
| Q4 25 | 2.0% | -178.3% | ||
| Q3 25 | 5.4% | -8.3% | ||
| Q2 25 | 6.4% | -135.2% | ||
| Q1 25 | -2.6% | -10.3% | ||
| Q4 24 | 8.0% | -5.3% | ||
| Q3 24 | 1.2% | 4.1% | ||
| Q2 24 | 4.7% | -5.4% | ||
| Q1 24 | -4.3% | -6.5% |
| Q4 25 | — | $-1.68 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-1.15 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-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 | $118.7M | $115.7M |
| Total DebtLower is stronger | $432.2M | $280.1M |
| Stockholders' EquityBook value | $452.4M | $484.4M |
| Total Assets | $582.5M | $1.2B |
| Debt / EquityLower = less leverage | 0.96× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $118.7M | $115.7M | ||
| Q3 25 | $107.5M | $95.7M | ||
| Q2 25 | $94.3M | $162.6M | ||
| Q1 25 | $89.1M | $165.5M | ||
| Q4 24 | $96.6M | $189.5M | ||
| Q3 24 | $83.8M | $168.7M | ||
| Q2 24 | $66.1M | $147.1M | ||
| Q1 24 | $82.1M | $128.3M |
| Q4 25 | $432.2M | $280.1M | ||
| Q3 25 | $433.3M | $279.5M | ||
| Q2 25 | $434.4M | $279.0M | ||
| Q1 25 | $435.3M | $497.6M | ||
| Q4 24 | $436.2M | $496.8M | ||
| Q3 24 | $437.2M | $496.2M | ||
| Q2 24 | $438.1M | $435.6M | ||
| Q1 24 | $439.0M | $434.9M |
| Q4 25 | $452.4M | $484.4M | ||
| Q3 25 | $448.1M | $616.9M | ||
| Q2 25 | $442.4M | $633.7M | ||
| Q1 25 | $433.5M | $755.7M | ||
| Q4 24 | $429.5M | $761.3M | ||
| Q3 24 | $423.1M | $754.7M | ||
| Q2 24 | $418.4M | $815.4M | ||
| Q1 24 | $412.0M | $813.8M |
| Q4 25 | $582.5M | $1.2B | ||
| Q3 25 | $582.2M | $1.3B | ||
| Q2 25 | $574.8M | $1.4B | ||
| Q1 25 | $571.4M | $1.5B | ||
| Q4 24 | $581.6M | $1.6B | ||
| Q3 24 | $578.6M | $1.6B | ||
| Q2 24 | $571.4M | $1.5B | ||
| Q1 24 | $566.7M | $1.5B |
| Q4 25 | 0.96× | 0.58× | ||
| Q3 25 | 0.97× | 0.45× | ||
| Q2 25 | 0.98× | 0.44× | ||
| Q1 25 | 1.00× | 0.66× | ||
| Q4 24 | 1.02× | 0.65× | ||
| Q3 24 | 1.03× | 0.66× | ||
| Q2 24 | 1.05× | 0.53× | ||
| Q1 24 | 1.07× | 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 | $40.9M | $23.3M |
| Free Cash FlowOCF − Capex | $33.5M | $23.2M |
| FCF MarginFCF / Revenue | 47.1% | 29.6% |
| Capex IntensityCapex / Revenue | 10.4% | 0.1% |
| Cash ConversionOCF / Net Profit | 28.39× | — |
| TTM Free Cash FlowTrailing 4 quarters | $56.8M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.9M | $23.3M | ||
| Q3 25 | $17.7M | $32.2M | ||
| Q2 25 | $4.6M | $33.1M | ||
| Q1 25 | $5.7M | $2.5M | ||
| Q4 24 | $59.7M | $34.3M | ||
| Q3 24 | $17.6M | $60.1M | ||
| Q2 24 | $15.9M | $31.0M | ||
| Q1 24 | $9.4M | $24.8M |
| Q4 25 | $33.5M | $23.2M | ||
| Q3 25 | $16.4M | $32.1M | ||
| Q2 25 | $2.9M | $33.0M | ||
| Q1 25 | $4.0M | $2.4M | ||
| Q4 24 | $53.0M | $34.0M | ||
| Q3 24 | $16.3M | $59.8M | ||
| Q2 24 | $14.0M | $30.5M | ||
| Q1 24 | $6.8M | $24.7M |
| Q4 25 | 47.1% | 29.6% | ||
| Q3 25 | 22.4% | 41.3% | ||
| Q2 25 | 4.0% | 43.6% | ||
| Q1 25 | 5.3% | 3.0% | ||
| Q4 24 | 73.2% | 43.5% | ||
| Q3 24 | 20.8% | 75.6% | ||
| Q2 24 | 17.8% | 40.7% | ||
| Q1 24 | 8.6% | 30.6% |
| Q4 25 | 10.4% | 0.1% | ||
| Q3 25 | 1.8% | 0.2% | ||
| Q2 25 | 2.2% | 0.1% | ||
| Q1 25 | 2.3% | 0.2% | ||
| Q4 24 | 9.1% | 0.3% | ||
| Q3 24 | 1.7% | 0.3% | ||
| Q2 24 | 2.4% | 0.6% | ||
| Q1 24 | 3.3% | 0.1% |
| Q4 25 | 28.39× | — | ||
| Q3 25 | 4.45× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 10.28× | — | ||
| Q3 24 | 18.22× | 18.52× | ||
| Q2 24 | 4.29× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
