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Repay Holdings vs Liquidity Services: RPAY and LQDT compared
Repay Holdings is the larger company: $153M of revenue in its latest quarter (Q3 2026) against $130M for Liquidity Services (Q3 FY26). Repay Holdings is growing faster (+97% against +8% a year earlier). Liquidity Services is more profitable, with an operating margin of 10.9% against 0.1%.
Where the money goes: RPAY and LQDT
Repay Holdings (RPAY) · Q3 2026
Repay Holdings, Q3 2026: revenue $153M (+97% year over year), operating margin 0.1%, net loss $10.4M, operating cash flow $9.9M. The chart follows the revenue to costs, profit and cash.
Liquidity Services (LQDT) · Q3 FY26
Liquidity Services, Q3 FY26: revenue $130M (+8% year over year), operating margin 10.9%, net earnings $10.4M, operating cash flow $31.2M. The chart follows the revenue to costs, profit and cash.
| Repay Holdings (RPAY) | Liquidity Services (LQDT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $153M | $130M |
| Revenue growth, Y/Y | +97% | +8% |
| Gross margin | — | 49.3% |
| Operating margin | 0.1% | 10.9% |
| Net earnings | −$10.4M | $10.4M |
| Net margin | -6.8% | 8.0% |
| Operating cash flow | $9.9M | $31.2M |
| Free cash flow | $9.2M | $29.4M |
Where the revenue comes from
Liquidity Services
- Product: $81.8M (63%)
- Consignment and Other Fee Revenues: $47.7M (37%)
Questions
Which is bigger, Repay Holdings or Liquidity Services?
Repay Holdings is the larger company: $153M of revenue in its latest quarter (Q3 2026) against $130M for Liquidity Services (Q3 FY26).
Is Repay Holdings or Liquidity Services growing faster?
Repay Holdings is growing faster (+97% against +8% a year earlier).
Which is more profitable, Repay Holdings or Liquidity Services?
Liquidity Services is more profitable, with an operating margin of 10.9% against 0.1%.
More: Repay Holdings earnings · how Repay Holdings makes money · Liquidity Services earnings · how Liquidity Services makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 9, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.