Paysign vs Repay Holdings
Repay Holdings is the larger business, with $309m of revenue in fiscal 2025 against $82.0m for Paysign (3.8 times as much). Paysign grew faster (40.5% against -1.2%). Paysign kept more of each dollar of sales as profit: a net margin of 9.2% against -83.0%.
| Latest fiscal year | PaysignPAYS, 2025 | Repay HoldingsRPAY, 2025 |
|---|---|---|
| Revenue | $82.0m | $309m |
| Revenue growth | 40.5% | -1.2% |
| Net income | $7.6m | −$257m |
| Operating margin | — | -82.4% |
| Net margin | 9.2% | -83.0% |
| Return on equity | 19.1% | -41.2% |
| Free cash flow | $51.2m | $90.8m |
| Cash | $165m | $116m |
| Total debt | $8.0m | $434m |
| Debt to equity | — | 89.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $375,786 | — |
| Employees | — | 486 |
| Market value | $859m | $382m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 48 (Moderate) | 45 (Moderate) |
| Insider trades, 12 months | 0 buys, 21 sales | 16 buys, 6 sales |