vs
ADAMAS TRUST, INC.（ADAM）与Ceribell, Inc.（CBLL）财务数据对比。点击上方公司名可切换其他公司
ADAMAS TRUST, INC.的季度营收约是Ceribell, Inc.的1.7倍（$43.2M vs $24.8M），ADAMAS TRUST, INC.净利率更高（124.0% vs -54.6%，领先178.6%），ADAMAS TRUST, INC.自由现金流更多（$125.9M vs $-11.0M）
Ceribell, Inc.是一家专注于神经诊断领域的医疗科技企业，主打便携式快速脑电图检测设备，可为急症、重症护理场景提供便捷的癫痫发作监测解决方案，核心市场覆盖北美地区，目前正逐步推进全球化业务布局。
ADAM vs CBLL — 直观对比
营收规模更大
ADAM
是对方的1.7倍
$24.8M
净利率更高
ADAM
高出178.6%
-54.6%
自由现金流更多
ADAM
多$136.8M
$-11.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $24.8M |
| 净利润 | $53.5M | $-13.5M |
| 毛利率 | — | 87.3% |
| 营业利润率 | — | -58.9% |
| 净利率 | 124.0% | -54.6% |
| 营收同比 | 61.6% | — |
| 净利润同比 | 270.5% | — |
| 每股收益（稀释后） | $0.45 | $-0.35 |
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ADAMCBLL
| Q4 25 | $43.2M | $24.8M | ||
| Q3 25 | $36.6M | $22.6M | ||
| Q2 25 | $36.4M | $21.2M | ||
| Q1 25 | $33.1M | $20.5M | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $20.2M | $17.2M | ||
| Q2 24 | $19.0M | — | ||
| Q1 24 | $17.9M | — |
净利润ADAMCBLL
| Q4 25 | $53.5M | $-13.5M | ||
| Q3 25 | $44.8M | $-13.5M | ||
| Q2 25 | $8.5M | $-13.6M | ||
| Q1 25 | $42.2M | $-12.8M | ||
| Q4 24 | $-31.4M | — | ||
| Q3 24 | $42.8M | $-10.4M | ||
| Q2 24 | $-15.6M | — | ||
| Q1 24 | $-57.9M | — |
毛利率ADAMCBLL
| Q4 25 | — | 87.3% | ||
| Q3 25 | — | 88.3% | ||
| Q2 25 | — | 88.1% | ||
| Q1 25 | — | 87.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 87.3% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率ADAMCBLL
| Q4 25 | — | -58.9% | ||
| Q3 25 | — | -64.8% | ||
| Q2 25 | 11.7% | -70.5% | ||
| Q1 25 | — | -69.3% | ||
| Q4 24 | -119.0% | — | ||
| Q3 24 | — | -57.8% | ||
| Q2 24 | -124.7% | — | ||
| Q1 24 | -448.8% | — |
净利率ADAMCBLL
| Q4 25 | 124.0% | -54.6% | ||
| Q3 25 | 122.5% | -59.6% | ||
| Q2 25 | 23.4% | -64.4% | ||
| Q1 25 | 127.4% | -62.4% | ||
| Q4 24 | -117.5% | — | ||
| Q3 24 | 211.7% | -60.6% | ||
| Q2 24 | -81.9% | — | ||
| Q1 24 | -324.1% | — |
每股收益（稀释后）ADAMCBLL
| Q4 25 | $0.45 | $-0.35 | ||
| Q3 25 | $0.36 | $-0.37 | ||
| Q2 25 | $-0.04 | $-0.38 | ||
| Q1 25 | $0.33 | $-0.36 | ||
| Q4 24 | $-0.46 | — | ||
| Q3 24 | $0.36 | $-1.85 | ||
| Q2 24 | $-0.29 | — | ||
| Q1 24 | $-0.75 | — |
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 | $210.3M | $159.3M |
| 总债务越低越好 | $735.8M | — |
| 股东权益账面价值 | $1.4B | $155.3M |
| 总资产 | $12.6B | $195.8M |
| 负债/权益比越低杠杆越低 | 0.52× | — |
8季度趋势，按日历期对齐
现金及短期投资ADAMCBLL
| Q4 25 | $210.3M | $159.3M | ||
| Q3 25 | $185.3M | $168.5M | ||
| Q2 25 | $160.4M | $177.4M | ||
| Q1 25 | $177.1M | $182.7M | ||
| Q4 24 | $167.4M | — | ||
| Q3 24 | $195.1M | $14.1M | ||
| Q2 24 | $235.5M | — | ||
| Q1 24 | $226.9M | — |
总债务ADAMCBLL
| Q4 25 | $735.8M | — | ||
| Q3 25 | $766.6M | — | ||
| Q2 25 | $653.0M | — | ||
| Q1 25 | $654.4M | — | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
股东权益ADAMCBLL
| Q4 25 | $1.4B | $155.3M | ||
| Q3 25 | $1.4B | $164.1M | ||
| Q2 25 | $1.4B | $172.2M | ||
| Q1 25 | $1.4B | $180.9M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $-136.0M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
总资产ADAMCBLL
| Q4 25 | $12.6B | $195.8M | ||
| Q3 25 | $12.4B | $199.5M | ||
| Q2 25 | $10.6B | $207.7M | ||
| Q1 25 | $10.0B | $213.5M | ||
| Q4 24 | $9.2B | — | ||
| Q3 24 | $8.9B | $47.1M | ||
| Q2 24 | $8.2B | — | ||
| Q1 24 | $7.4B | — |
负债/权益比ADAMCBLL
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | — |
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 | $134.0M | $-10.8M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | $-11.0M |
| 自由现金流率自由现金流/营收 | 291.6% | -44.2% |
| 资本支出强度资本支出/营收 | 18.9% | 0.7% |
| 现金转化率经营现金流/净利润 | 2.50× | — |
| 过去12个月自由现金流最近4个季度 | — | $-41.6M |
8季度趋势，按日历期对齐
经营现金流ADAMCBLL
| Q4 25 | $134.0M | $-10.8M | ||
| Q3 25 | $6.9M | $-11.1M | ||
| Q2 25 | $39.2M | $-7.5M | ||
| Q1 25 | $25.8M | $-11.4M | ||
| Q4 24 | $14.1M | — | ||
| Q3 24 | $-922.0K | — | ||
| Q2 24 | $-993.0K | — | ||
| Q1 24 | $-13.1M | — |
自由现金流ADAMCBLL
| Q4 25 | $125.9M | $-11.0M | ||
| Q3 25 | — | $-11.5M | ||
| Q2 25 | — | $-7.6M | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | $-10.6M | — | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-8.6M | — | ||
| Q1 24 | $-19.1M | — |
自由现金流率ADAMCBLL
| Q4 25 | 291.6% | -44.2% | ||
| Q3 25 | — | -50.8% | ||
| Q2 25 | — | -35.9% | ||
| Q1 25 | — | -56.4% | ||
| Q4 24 | -39.6% | — | ||
| Q3 24 | -42.3% | — | ||
| Q2 24 | -44.9% | — | ||
| Q1 24 | -107.0% | — |
资本支出强度ADAMCBLL
| Q4 25 | 18.9% | 0.7% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | 92.3% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 39.7% | — | ||
| Q1 24 | 33.5% | — |
现金转化率ADAMCBLL
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
CBLL
| Products | $18.8M | 76% |
| Subscription | $6.0M | 24% |
