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American Bitcoin Corp.（ABTC）与RE/MAX Holdings, Inc.（RMAX）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RE/MAX Holdings, Inc.的1.7倍（$118.0M vs $71.1M），American Bitcoin Corp.同比增速更快（151.5% vs -1.8%），过去两年American Bitcoin Corp.的营收复合增速更高（296.9% vs -4.7%）
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。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
ABTC vs RMAX — 直观对比
营收规模更大
ABTC
是对方的1.7倍
$71.1M
营收增速更快
ABTC
高出153.3%
-1.8%
两年增速更快
ABTC
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $118.0M | $71.1M |
| 净利润 | — | $1.4M |
| 毛利率 | 49.1% | — |
| 营业利润率 | -192.8% | 13.1% |
| 净利率 | — | 2.0% |
| 营收同比 | 151.5% | -1.8% |
| 净利润同比 | — | -75.2% |
| 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ABTCRMAX
| Q4 25 | $118.0M | $71.1M | ||
| Q3 25 | $64.2M | $73.2M | ||
| Q2 25 | $1.4M | $72.8M | ||
| Q1 25 | $1.6M | $74.5M | ||
| Q4 24 | $46.9M | $72.5M | ||
| Q3 24 | $11.6M | $78.5M | ||
| Q2 24 | $5.5M | $78.5M | ||
| Q1 24 | $7.5M | $78.3M |
净利润ABTCRMAX
| Q4 25 | — | $1.4M | ||
| Q3 25 | $3.5M | $4.0M | ||
| Q2 25 | $3.4M | $4.7M | ||
| Q1 25 | $-100.6M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $-576.0K | $966.0K | ||
| Q2 24 | $-61.1M | $3.7M | ||
| Q1 24 | $230.4M | $-3.4M |
毛利率ABTCRMAX
| Q4 25 | 49.1% | — | ||
| Q3 25 | 56.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 31.0% | — | ||
| Q1 24 | 35.4% | — |
营业利润率ABTCRMAX
| Q4 25 | -192.8% | 13.1% | ||
| Q3 25 | 11.2% | 25.0% | ||
| Q2 25 | -162.1% | 19.3% | ||
| Q1 25 | -350.8% | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | -87.8% | 19.4% | ||
| Q2 24 | -106.4% | 20.6% | ||
| Q1 24 | -20.8% | 5.8% |
净利率ABTCRMAX
| Q4 25 | — | 2.0% | ||
| Q3 25 | 5.4% | 5.4% | ||
| Q2 25 | 249.2% | 6.4% | ||
| Q1 25 | -6458.5% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | -5.0% | 1.2% | ||
| Q2 24 | -1107.2% | 4.7% | ||
| Q1 24 | 3076.2% | -4.3% |
每股收益（稀释后）ABTCRMAX
| 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 | — | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $665.8M | $452.4M |
| 总资产 | $1.2B | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资ABTCRMAX
| Q4 25 | — | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | $750.0K | $94.3M | ||
| Q1 25 | $367.0K | $89.1M | ||
| Q4 24 | $850.0K | $96.6M | ||
| Q3 24 | $478.0K | $83.8M | ||
| Q2 24 | $1.4M | $66.1M | ||
| Q1 24 | $1.9M | $82.1M |
总债务ABTCRMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益ABTCRMAX
| Q4 25 | $665.8M | $452.4M | ||
| Q3 25 | $575.5M | $448.1M | ||
| Q2 25 | $339.7M | $442.4M | ||
| Q1 25 | $115.8M | $433.5M | ||
| Q4 24 | $1.0B | $429.5M | ||
| Q3 24 | $697.5M | $423.1M | ||
| Q2 24 | $614.3M | $418.4M | ||
| Q1 24 | $696.8M | $412.0M |
总资产ABTCRMAX
| Q4 25 | $1.2B | $582.5M | ||
| Q3 25 | $1.2B | $582.2M | ||
| Q2 25 | $6.2M | $574.8M | ||
| Q1 25 | $9.0M | $571.4M | ||
| Q4 24 | $1.1B | $581.6M | ||
| Q3 24 | $7.5M | $578.6M | ||
| Q2 24 | $11.4M | $571.4M | ||
| Q1 24 | $17.8M | $566.7M |
负债/权益比ABTCRMAX
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| 自由现金流经营现金流 - 资本支出 | — | $33.5M |
| 自由现金流率自由现金流/营收 | — | 47.1% |
| 资本支出强度资本支出/营收 | — | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流ABTCRMAX
| Q4 25 | $-79.6M | $40.9M | ||
| Q3 25 | $-39.0M | $17.7M | ||
| Q2 25 | $-879.0K | $4.6M | ||
| Q1 25 | $-3.2M | $5.7M | ||
| Q4 24 | $-54.0M | $59.7M | ||
| Q3 24 | $-76.8M | $17.6M | ||
| Q2 24 | $201.0K | $15.9M | ||
| Q1 24 | $-983.0K | $9.4M |
自由现金流ABTCRMAX
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | $-1.4M | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | $-60.6M | $53.0M | ||
| Q3 24 | $-79.3M | $16.3M | ||
| Q2 24 | $-874.0K | $14.0M | ||
| Q1 24 | — | $6.8M |
自由现金流率ABTCRMAX
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | -104.4% | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | -129.2% | 73.2% | ||
| Q3 24 | -683.2% | 20.8% | ||
| Q2 24 | -15.8% | 17.8% | ||
| Q1 24 | — | 8.6% |
资本支出强度ABTCRMAX
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | 40.5% | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 14.1% | 9.1% | ||
| Q3 24 | 21.6% | 1.7% | ||
| Q2 24 | 19.5% | 2.4% | ||
| Q1 24 | — | 3.3% |
现金转化率ABTCRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | -11.21× | 4.45× | ||
| Q2 25 | -0.26× | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| 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
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
