Exodus Movement vs Repay Holdings
Repay Holdings is the larger business, with $309m of revenue in fiscal 2025 against $122m for Exodus Movement (2.5 times as much). Exodus Movement grew faster (4.5% against -1.2%). Exodus Movement kept more of each dollar of sales as profit: a net margin of -9.3% against -83.0%. Exodus Movement carries less debt relative to equity (0.0% against 89.6%).
| Latest fiscal year | Exodus MovementEXOD, 2025 | Repay HoldingsRPAY, 2025 |
|---|---|---|
| Revenue | $122m | $309m |
| Revenue growth | 4.5% | -1.2% |
| Net income | −$11.4m | −$257m |
| Operating margin | — | -82.4% |
| Net margin | -9.3% | -83.0% |
| Return on equity | -4.5% | -41.2% |
| Free cash flow | −$25.8m | $90.8m |
| Cash | $4.9m | $116m |
| Total debt | $0 | $434m |
| Debt to equity | 0.0% | 89.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $15.1m | — |
| Employees | — | 486 |
| Market value | $52.9m | $382m |
| Price vs our value range | — | Below our value range |
| Moat score | — | 45 (Moderate) |
| Insider trades, 12 months | 0 buys, 18 sales | 16 buys, 6 sales |