| Stage | RELY | % of rev | HNGE | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $495M | 100.00% | $213M | 100.00% | RELY ×2.33 |
| Gross profit | $307M | 62.07% | $184M | 86.44% | HNGE +24.4pp |
| Operating income | $67M | 13.47% | $40M | 19.00% | HNGE +5.5pp |
| Pre-tax income | $65M | 13.06% | $44M | 20.88% | HNGE +7.8pp |
| Net income | $206M | 41.58% | $44M | 20.53% | RELY +21.1pp |
| Stage | RELY | HNGE | Gap · A − B |
|---|---|---|---|
| Revenue | $495M100.00% | $213M100.00% | RELY ×2.33 |
| Gross profit | 62.07%$307M | 86.44%$184M | HNGE +24.4pp |
| Operating income | 13.47%$67M | 19.00%$40M | HNGE +5.5pp |
| Pre-tax income | 13.06%$65M | 20.88%$44M | HNGE +7.8pp |
| Net income |
| 41.58%$206M |
| 20.53%$44M |
| RELY +21.1pp |
No disclosed counterparties: HNGE.
None