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American Bitcoin Corp.（ABTC）与Ares Commercial Real Estate Corp（ACRE）财务数据对比。点击上方公司名可切换其他公司
American Bitcoin Corp.的季度营收约是Ares Commercial Real Estate Corp的8.9倍（$118.0M vs $13.2M）。American Bitcoin Corp.同比增速更快（151.5% vs -24.5%）。过去两年American Bitcoin Corp.的营收复合增速更高（296.9% vs -15.9%）
美国比特币公司专注于比特币相关业务领域。比特币是首个去中心化加密货币，由化名为中本聪的匿名人士于2008年发布白皮书后诞生，2009年随着开源代码上线正式投入使用，问世以来对全球金融与数字货币领域都产生了极为深远的影响。
Ares Commercial Real Estate Corp是隶属于阿瑞斯管理集团的专业金融企业，专注于商业地产领域，提供优先抵押贷款、次级债务、优先股投资等各类定制化融资解决方案，主要服务覆盖美国全境的中型商业地产所有者及运营主体。
ABTC vs ACRE — 直观对比
营收规模更大
ABTC
是对方的8.9倍
$13.2M
营收增速更快
ABTC
高出176.0%
-24.5%
两年增速更快
ABTC
近两年复合增速
-15.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $118.0M | $13.2M |
| 净利润 | — | $-3.9M |
| 毛利率 | 49.1% | — |
| 营业利润率 | -192.8% | -29.2% |
| 净利率 | — | -29.2% |
| 营收同比 | 151.5% | -24.5% |
| 净利润同比 | — | 63.8% |
| 每股收益（稀释后） | $-0.07 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ABTCACRE
| Q4 25 | $118.0M | $13.2M | ||
| Q3 25 | $64.2M | $14.1M | ||
| Q2 25 | $1.4M | $12.6M | ||
| Q1 25 | $1.6M | $14.9M | ||
| Q4 24 | $46.9M | $17.5M | ||
| Q3 24 | $11.6M | $16.7M | ||
| Q2 24 | $5.5M | $16.8M | ||
| Q1 24 | $7.5M | $18.7M |
净利润ABTCACRE
| Q4 25 | — | $-3.9M | ||
| Q3 25 | $3.5M | $4.7M | ||
| Q2 25 | $3.4M | $-11.0M | ||
| Q1 25 | $-100.6M | $9.3M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | $-576.0K | $-5.9M | ||
| Q2 24 | $-61.1M | $-6.1M | ||
| Q1 24 | $230.4M | $-12.3M |
毛利率ABTCACRE
| Q4 25 | 49.1% | — | ||
| Q3 25 | 56.0% | — | ||
| Q2 25 | -16.8% | — | ||
| Q1 25 | -31.8% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 31.0% | — | ||
| Q1 24 | 35.4% | — |
营业利润率ABTCACRE
| Q4 25 | -192.8% | -29.2% | ||
| Q3 25 | 11.2% | 33.0% | ||
| Q2 25 | -162.1% | -87.8% | ||
| Q1 25 | -350.8% | 64.4% | ||
| Q4 24 | — | -61.0% | ||
| Q3 24 | -87.8% | -35.3% | ||
| Q2 24 | -106.4% | -36.5% | ||
| Q1 24 | -20.8% | -65.9% |
净利率ABTCACRE
| Q4 25 | — | -29.2% | ||
| Q3 25 | 5.4% | 33.0% | ||
| Q2 25 | 249.2% | -87.8% | ||
| Q1 25 | -6458.5% | 62.5% | ||
| Q4 24 | — | -60.9% | ||
| Q3 24 | -5.0% | -35.3% | ||
| Q2 24 | -1107.2% | -36.5% | ||
| Q1 24 | 3076.2% | -65.9% |
每股收益（稀释后）ABTCACRE
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $0.06 | — | ||
| Q2 25 | $-0.07 | — | ||
| Q1 25 | $-0.09 | — | ||
| Q4 24 | $1.10 | — | ||
| Q3 24 | $-0.15 | — | ||
| Q2 24 | $-0.10 | — | ||
| Q1 24 | $-0.36 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $29.3M |
| 总债务越低越好 | — | $948.2M |
| 股东权益账面价值 | $665.8M | $509.6M |
| 总资产 | $1.2B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 1.86× |
8季度趋势，按日历期对齐
现金及短期投资ABTCACRE
| Q4 25 | — | $29.3M | ||
| Q3 25 | — | $84.9M | ||
| Q2 25 | $750.0K | $90.0M | ||
| Q1 25 | $367.0K | $125.5M | ||
| Q4 24 | $850.0K | $63.8M | ||
| Q3 24 | $478.0K | $68.9M | ||
| Q2 24 | $1.4M | $70.6M | ||
| Q1 24 | $1.9M | $99.5M |
总债务ABTCACRE
| Q4 25 | — | $948.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $718.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABTCACRE
| Q4 25 | $665.8M | $509.6M | ||
| Q3 25 | $575.5M | $521.0M | ||
| Q2 25 | $339.7M | $523.7M | ||
| Q1 25 | $115.8M | $542.1M | ||
| Q4 24 | $1.0B | $540.1M | ||
| Q3 24 | $697.5M | $563.8M | ||
| Q2 24 | $614.3M | $582.3M | ||
| Q1 24 | $696.8M | $601.1M |
总资产ABTCACRE
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $6.2M | $1.4B | ||
| Q1 25 | $9.0M | $1.5B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $7.5M | $1.9B | ||
| Q2 24 | $11.4M | $2.1B | ||
| Q1 24 | $17.8M | $2.1B |
负债/权益比ABTCACRE
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-36.5M | $4.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ABTCACRE
| Q4 25 | $-36.5M | $4.6M | ||
| Q3 25 | $-39.0M | $3.8M | ||
| Q2 25 | $-879.0K | $4.9M | ||
| Q1 25 | $-3.2M | $8.0M | ||
| Q4 24 | $23.6M | $7.1M | ||
| Q3 24 | $-76.8M | $8.4M | ||
| Q2 24 | $201.0K | $8.7M | ||
| Q1 24 | $-983.0K | $11.4M |
自由现金流ABTCACRE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-79.3M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率ABTCACRE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -683.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度ABTCACRE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率ABTCACRE
| Q4 25 | — | — | ||
| Q3 25 | -11.21× | 0.82× | ||
| Q2 25 | -0.26× | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.00× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
