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American Bitcoin Corp.（ABTC）与弗雷斯特研究公司（FORR）财务数据对比。点击上方公司名可切换其他公司
American Bitcoin Corp.的季度营收约是弗雷斯特研究公司的1.2倍（$118.0M vs $101.1M），American Bitcoin Corp.同比增速更快（151.5% vs -6.5%），过去两年American Bitcoin Corp.的营收复合增速更高（296.9% vs 0.5%）
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。
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
ABTC vs FORR — 直观对比
营收规模更大
ABTC
是对方的1.2倍
$101.1M
营收增速更快
ABTC
高出158.0%
-6.5%
两年增速更快
ABTC
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $118.0M | $101.1M |
| 净利润 | — | $-33.9M |
| 毛利率 | 49.1% | 56.7% |
| 营业利润率 | -192.8% | -36.6% |
| 净利率 | — | -33.5% |
| 营收同比 | 151.5% | -6.5% |
| 净利润同比 | — | -7941.4% |
| 每股收益（稀释后） | $-0.07 | $-1.75 |
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ABTCFORR
| Q4 25 | $118.0M | $101.1M | ||
| Q3 25 | $64.2M | $94.3M | ||
| Q2 25 | $1.4M | $111.7M | ||
| Q1 25 | $1.6M | $89.9M | ||
| Q4 24 | $46.9M | $108.0M | ||
| Q3 24 | $11.6M | $102.5M | ||
| Q2 24 | $5.5M | $121.8M | ||
| Q1 24 | $7.5M | $100.1M |
净利润ABTCFORR
| Q4 25 | — | $-33.9M | ||
| Q3 25 | $3.5M | $-2.1M | ||
| Q2 25 | $3.4M | $3.9M | ||
| Q1 25 | $-100.6M | $-87.3M | ||
| Q4 24 | — | $432.0K | ||
| Q3 24 | $-576.0K | $-5.8M | ||
| Q2 24 | $-61.1M | $6.3M | ||
| Q1 24 | $230.4M | $-6.7M |
毛利率ABTCFORR
| Q4 25 | 49.1% | 56.7% | ||
| Q3 25 | 56.0% | 60.0% | ||
| Q2 25 | — | 55.5% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | 57.9% | 58.8% | ||
| Q3 24 | 4.2% | 60.5% | ||
| Q2 24 | 31.0% | 57.3% | ||
| Q1 24 | 35.4% | 54.9% |
营业利润率ABTCFORR
| Q4 25 | -192.8% | -36.6% | ||
| Q3 25 | 11.2% | 4.7% | ||
| Q2 25 | -162.1% | 6.2% | ||
| Q1 25 | -350.8% | -97.5% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | -87.8% | -0.7% | ||
| Q2 24 | -106.4% | 9.3% | ||
| Q1 24 | -20.8% | -9.3% |
净利率ABTCFORR
| Q4 25 | — | -33.5% | ||
| Q3 25 | 5.4% | -2.3% | ||
| Q2 25 | 249.2% | 3.5% | ||
| Q1 25 | -6458.5% | -97.1% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | -5.0% | -5.7% | ||
| Q2 24 | -1107.2% | 5.2% | ||
| Q1 24 | 3076.2% | -6.7% |
每股收益（稀释后）ABTCFORR
| Q4 25 | $-0.07 | $-1.75 | ||
| Q3 25 | $0.06 | $-0.11 | ||
| Q2 25 | $-0.07 | $0.20 | ||
| Q1 25 | $-0.09 | $-4.62 | ||
| Q4 24 | $1.10 | $0.02 | ||
| Q3 24 | $-0.15 | $-0.30 | ||
| Q2 24 | $-0.10 | $0.33 | ||
| Q1 24 | $-0.36 | $-0.35 |
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 | — | $63.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $665.8M | $126.5M |
| 总资产 | $1.2B | $404.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ABTCFORR
| Q4 25 | — | $63.3M | ||
| Q3 25 | — | $65.1M | ||
| Q2 25 | $750.0K | $67.8M | ||
| Q1 25 | $367.0K | $75.6M | ||
| Q4 24 | $850.0K | $56.1M | ||
| Q3 24 | $478.0K | $62.8M | ||
| Q2 24 | $1.4M | $58.9M | ||
| Q1 24 | $1.9M | $61.4M |
股东权益ABTCFORR
| Q4 25 | $665.8M | $126.5M | ||
| Q3 25 | $575.5M | $157.7M | ||
| Q2 25 | $339.7M | $159.5M | ||
| Q1 25 | $115.8M | $147.4M | ||
| Q4 24 | $1.0B | $229.5M | ||
| Q3 24 | $697.5M | $234.3M | ||
| Q2 24 | $614.3M | $237.1M | ||
| Q1 24 | $696.8M | $230.9M |
总资产ABTCFORR
| Q4 25 | $1.2B | $404.0M | ||
| Q3 25 | $1.2B | $414.2M | ||
| Q2 25 | $6.2M | $436.0M | ||
| Q1 25 | $9.0M | $439.8M | ||
| Q4 24 | $1.1B | $503.9M | ||
| Q3 24 | $7.5M | $505.3M | ||
| Q2 24 | $11.4M | $524.2M | ||
| Q1 24 | $17.8M | $555.7M |
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 | $-79.6M | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-4.3M |
| 自由现金流率自由现金流/营收 | — | -4.2% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 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 | — | $18.1M |
8季度趋势，按日历期对齐
经营现金流ABTCFORR
| Q4 25 | $-79.6M | $-3.2M | ||
| Q3 25 | $-39.0M | $1.2M | ||
| Q2 25 | $-879.0K | $-3.6M | ||
| Q1 25 | $-3.2M | $26.7M | ||
| Q4 24 | $-54.0M | $-1.8M | ||
| Q3 24 | $-76.8M | $264.0K | ||
| Q2 24 | $201.0K | $-2.9M | ||
| Q1 24 | $-983.0K | $611.0K |
自由现金流ABTCFORR
| Q4 25 | — | $-4.3M | ||
| Q3 25 | — | $524.0K | ||
| Q2 25 | $-1.4M | $-4.2M | ||
| Q1 25 | — | $26.1M | ||
| Q4 24 | $-60.6M | $-2.5M | ||
| Q3 24 | $-79.3M | $-223.0K | ||
| Q2 24 | $-874.0K | $-3.7M | ||
| Q1 24 | — | $-815.0K |
自由现金流率ABTCFORR
| Q4 25 | — | -4.2% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | -104.4% | -3.8% | ||
| Q1 25 | — | 29.0% | ||
| Q4 24 | -129.2% | -2.3% | ||
| Q3 24 | -683.2% | -0.2% | ||
| Q2 24 | -15.8% | -3.1% | ||
| Q1 24 | — | -0.8% |
资本支出强度ABTCFORR
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 40.5% | 0.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | 14.1% | 0.6% | ||
| Q3 24 | 21.6% | 0.5% | ||
| Q2 24 | 19.5% | 0.7% | ||
| Q1 24 | — | 1.4% |
现金转化率ABTCFORR
| Q4 25 | — | — | ||
| Q3 25 | -11.21× | — | ||
| Q2 25 | -0.26× | -0.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.46× | ||
| 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
业务分部营收拆解
ABTC
暂无分部数据
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
