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Side-by-side financial comparison of Repay Holdings Corp (RPAY) and STEM, INC. (STEM). Click either name above to swap in a different company.
Repay Holdings Corp is the larger business by last-quarter revenue ($78.6M vs $47.1M, roughly 1.7× STEM, INC.). STEM, INC. runs the higher net margin — -33.9% vs -178.3%, a 144.4% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs -1.3%).
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.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
RPAY vs STEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.6M | $47.1M |
| Net Profit | $-140.1M | $-16.0M |
| Gross Margin | 74.2% | 48.9% |
| Operating Margin | -182.2% | -17.7% |
| Net Margin | -178.3% | -33.9% |
| Revenue YoY | 0.4% | -15.6% |
| Net Profit YoY | -3304.1% | 68.8% |
| EPS (diluted) | $-1.68 | $-4.40 |
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 | $78.6M | $47.1M | ||
| Q3 25 | $77.7M | $38.2M | ||
| Q2 25 | $75.6M | $38.4M | ||
| Q1 25 | $77.3M | $32.5M | ||
| Q4 24 | $78.3M | $55.8M | ||
| Q3 24 | $79.1M | $29.3M | ||
| Q2 24 | $74.9M | $34.0M | ||
| Q1 24 | $80.7M | $25.5M |
| Q4 25 | $-140.1M | $-16.0M | ||
| Q3 25 | $-6.4M | $-23.8M | ||
| Q2 25 | $-102.3M | $202.5M | ||
| Q1 25 | $-7.9M | $-25.0M | ||
| Q4 24 | $-4.1M | $-51.1M | ||
| Q3 24 | $3.2M | $-148.3M | ||
| Q2 24 | $-4.1M | $-582.3M | ||
| Q1 24 | $-5.2M | $-72.3M |
| Q4 25 | 74.2% | 48.9% | ||
| Q3 25 | 74.4% | 35.5% | ||
| Q2 25 | 75.7% | 33.4% | ||
| Q1 25 | 75.9% | 32.4% | ||
| Q4 24 | 76.3% | -4.4% | ||
| Q3 24 | 77.8% | 21.2% | ||
| Q2 24 | 78.2% | 27.6% | ||
| Q1 24 | 76.2% | -95.0% |
| Q4 25 | -182.2% | -17.7% | ||
| Q3 25 | -3.9% | -33.6% | ||
| Q2 25 | -138.7% | -34.8% | ||
| Q1 25 | -4.7% | -65.0% | ||
| Q4 24 | -1.5% | -84.4% | ||
| Q3 24 | -0.9% | -493.2% | ||
| Q2 24 | -4.6% | -1705.5% | ||
| Q1 24 | -3.1% | -267.0% |
| Q4 25 | -178.3% | -33.9% | ||
| Q3 25 | -8.3% | -62.2% | ||
| Q2 25 | -135.2% | 527.8% | ||
| Q1 25 | -10.3% | -76.9% | ||
| Q4 24 | -5.3% | -91.6% | ||
| Q3 24 | 4.1% | -506.3% | ||
| Q2 24 | -5.4% | -1712.6% | ||
| Q1 24 | -6.5% | -283.9% |
| Q4 25 | $-1.68 | $-4.40 | ||
| Q3 25 | $-0.08 | $-2.84 | ||
| Q2 25 | $-1.15 | $-1.79 | ||
| Q1 25 | $-0.09 | $-0.15 | ||
| Q4 24 | $-0.04 | $-15.29 | ||
| Q3 24 | $0.03 | $-18.24 | ||
| Q2 24 | $-0.04 | $-71.81 | ||
| Q1 24 | $-0.06 | $-0.46 |
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 | $48.9M |
| Total DebtLower is stronger | $280.1M | — |
| Stockholders' EquityBook value | $484.4M | $-249.4M |
| Total Assets | $1.2B | $308.9M |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $115.7M | $48.9M | ||
| Q3 25 | $95.7M | $43.1M | ||
| Q2 25 | $162.6M | $40.8M | ||
| Q1 25 | $165.5M | $58.6M | ||
| Q4 24 | $189.5M | $56.3M | ||
| Q3 24 | $168.7M | $75.4M | ||
| Q2 24 | $147.1M | $89.6M | ||
| Q1 24 | $128.3M | $112.8M |
| 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 | — | ||
| Q1 24 | $434.9M | — |
| Q4 25 | $484.4M | $-249.4M | ||
| Q3 25 | $616.9M | $-235.7M | ||
| Q2 25 | $633.7M | $-214.1M | ||
| Q1 25 | $755.7M | $-417.5M | ||
| Q4 24 | $761.3M | $-398.4M | ||
| Q3 24 | $754.7M | $-344.1M | ||
| Q2 24 | $815.4M | $-203.2M | ||
| Q1 24 | $813.8M | $371.6M |
| Q4 25 | $1.2B | $308.9M | ||
| Q3 25 | $1.3B | $362.6M | ||
| Q2 25 | $1.4B | $379.2M | ||
| Q1 25 | $1.5B | $405.1M | ||
| Q4 24 | $1.6B | $437.4M | ||
| Q3 24 | $1.6B | $537.8M | ||
| Q2 24 | $1.5B | $691.5M | ||
| Q1 24 | $1.5B | $1.3B |
| 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 | $23.3M | $8.2M |
| 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.
| Q4 25 | $23.3M | $8.2M | ||
| Q3 25 | $32.2M | $11.4M | ||
| Q2 25 | $33.1M | $-21.3M | ||
| Q1 25 | $2.5M | $8.5M | ||
| Q4 24 | $34.3M | $-14.7M | ||
| Q3 24 | $60.1M | $-9.4M | ||
| Q2 24 | $31.0M | $-11.9M | ||
| Q1 24 | $24.8M | $-621.0K |
| 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 24 | $24.7M | — |
| 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 24 | 30.6% | — |
| 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 24 | 0.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 18.52× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
STEM
Segment breakdown not available.
