| Stage | HNGE | % of rev | RELY | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $213M | 100.00% | $510M | 100.00% | RELY ×2.40 |
| Gross profit | $184M | 86.44% | $320M | 62.69% | HNGE +23.7pp |
| Operating income | $40M | 19.00% | $69M | 13.61% | HNGE +5.4pp |
| Pre-tax income | $44M | 20.88% | $70M | 13.68% | HNGE +7.2pp |
| Net income | $44M | 20.53% | $68M | 13.25% | HNGE +7.3pp |
| Stage | HNGE | RELY | Gap · A − B |
|---|---|---|---|
| Revenue | $213M100.00% | $510M100.00% | RELY ×2.40 |
| Gross profit | 86.44%$184M | 62.69%$320M | HNGE +23.7pp |
| Operating income | 19.00%$40M | 13.61%$69M | HNGE +5.4pp |
| Pre-tax income | 20.88%$44M | 13.68%$70M | HNGE +7.2pp |
| Net income |
| 20.53%$44M |
| 13.25%$68M |
| HNGE +7.3pp |
None
No disclosed counterparties: HNGE.