International Money Express vs Repay Holdings
International Money Express is the larger business, with $608m of revenue in fiscal 2025 against $309m for Repay Holdings (2.0 times as much). Repay Holdings grew faster (-1.2% against -7.7%). International Money Express kept more of each dollar of sales as profit: a net margin of 5.4% against -83.0%. Repay Holdings carries less debt relative to equity (89.6% against 121.0%).
| Latest fiscal year | International Money ExpressIMXI, 2025 | Repay HoldingsRPAY, 2025 |
|---|---|---|
| Revenue | $608m | $309m |
| Revenue growth | -7.7% | -1.2% |
| Net income | $32.7m | −$257m |
| Operating margin | 9.2% | -82.4% |
| Net margin | 5.4% | -83.0% |
| Return on equity | 22.1% | -41.2% |
| Free cash flow | $15.8m | $90.8m |
| Cash | $169m | $116m |
| Total debt | $195m | $434m |
| Debt to equity | 121.0% | 89.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $16.3m | — |
| Employees | — | 486 |
| Market value | $255m | $382m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 68 (Moderate) | 45 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 16 buys, 6 sales |