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ADAMAS TRUST, INC.（ADAM）与Eventbrite, Inc.（EB）财务数据对比。点击上方公司名可切换其他公司
Eventbrite, Inc.的季度营收约是ADAMAS TRUST, INC.的1.7倍（$73.5M vs $43.2M），ADAMAS TRUST, INC.净利率更高（124.0% vs -11.1%，领先135.1%），ADAMAS TRUST, INC.同比增速更快（61.6% vs -3.9%），ADAMAS TRUST, INC.自由现金流更多（$125.9M vs $-60.9M），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs -7.7%）
Eventbrite是源自美国的线下活动服务平台，为用户提供活动浏览、创建与推广服务，支持主办方免费在平台发布不限规模、不限数量的各类活动，是全球范围内活跃度较高的活动交易与推广平台。
ADAM vs EB — 直观对比
营收规模更大
EB
是对方的1.7倍
$43.2M
营收增速更快
ADAM
高出65.5%
-3.9%
净利率更高
ADAM
高出135.1%
-11.1%
自由现金流更多
ADAM
多$186.7M
$-60.9M
两年增速更快
ADAM
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $73.5M |
| 净利润 | $53.5M | $-8.2M |
| 毛利率 | — | 68.1% |
| 营业利润率 | — | -12.4% |
| 净利率 | 124.0% | -11.1% |
| 营收同比 | 61.6% | -3.9% |
| 净利润同比 | 270.5% | 2.5% |
| 每股收益（稀释后） | $0.45 | $-0.08 |
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ADAMEB
| Q4 25 | $43.2M | $73.5M | ||
| Q3 25 | $36.6M | $71.7M | ||
| Q2 25 | $36.4M | $72.8M | ||
| Q1 25 | $33.1M | $73.8M | ||
| Q4 24 | $26.7M | $76.5M | ||
| Q3 24 | $20.2M | $77.8M | ||
| Q2 24 | $19.0M | $84.6M | ||
| Q1 24 | $17.9M | $86.3M |
净利润ADAMEB
| Q4 25 | $53.5M | $-8.2M | ||
| Q3 25 | $44.8M | $6.4M | ||
| Q2 25 | $8.5M | $-2.1M | ||
| Q1 25 | $42.2M | $-6.6M | ||
| Q4 24 | $-31.4M | $-8.4M | ||
| Q3 24 | $42.8M | $-3.8M | ||
| Q2 24 | $-15.6M | $1.1M | ||
| Q1 24 | $-57.9M | $-4.5M |
毛利率ADAMEB
| Q4 25 | — | 68.1% | ||
| Q3 25 | — | 67.9% | ||
| Q2 25 | — | 67.5% | ||
| Q1 25 | — | 66.9% | ||
| Q4 24 | — | 68.2% | ||
| Q3 24 | — | 68.5% | ||
| Q2 24 | — | 70.9% | ||
| Q1 24 | — | 71.0% |
营业利润率ADAMEB
| Q4 25 | — | -12.4% | ||
| Q3 25 | — | -1.3% | ||
| Q2 25 | 11.7% | -8.7% | ||
| Q1 25 | — | -13.2% | ||
| Q4 24 | -119.0% | -10.2% | ||
| Q3 24 | — | -11.5% | ||
| Q2 24 | -124.7% | -7.6% | ||
| Q1 24 | -448.8% | -8.8% |
净利率ADAMEB
| Q4 25 | 124.0% | -11.1% | ||
| Q3 25 | 122.5% | 8.9% | ||
| Q2 25 | 23.4% | -2.9% | ||
| Q1 25 | 127.4% | -9.0% | ||
| Q4 24 | -117.5% | -11.0% | ||
| Q3 24 | 211.7% | -4.8% | ||
| Q2 24 | -81.9% | 1.3% | ||
| Q1 24 | -324.1% | -5.2% |
每股收益（稀释后）ADAMEB
| Q4 25 | $0.45 | $-0.08 | ||
| Q3 25 | $0.36 | $0.06 | ||
| Q2 25 | $-0.04 | $-0.02 | ||
| Q1 25 | $0.33 | $-0.07 | ||
| Q4 24 | $-0.46 | $-0.09 | ||
| Q3 24 | $0.36 | $-0.04 | ||
| Q2 24 | $-0.29 | $0.01 | ||
| Q1 24 | $-0.75 | $-0.05 |
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 | $299.9M |
| 总债务越低越好 | $735.8M | $144.4M |
| 股东权益账面价值 | $1.4B | $179.1M |
| 总资产 | $12.6B | $647.2M |
| 负债/权益比越低杠杆越低 | 0.52× | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资ADAMEB
| Q4 25 | $210.3M | $299.9M | ||
| Q3 25 | $185.3M | — | ||
| Q2 25 | $160.4M | — | ||
| Q1 25 | $177.1M | — | ||
| Q4 24 | $167.4M | $441.5M | ||
| Q3 24 | $195.1M | $24.7M | ||
| Q2 24 | $235.5M | $56.7M | ||
| Q1 24 | $226.9M | $113.7M |
总债务ADAMEB
| Q4 25 | $735.8M | $144.4M | ||
| Q3 25 | $766.6M | $174.9M | ||
| Q2 25 | $653.0M | $241.3M | ||
| Q1 25 | $654.4M | $241.0M | ||
| Q4 24 | $573.2M | $240.7M | ||
| Q3 24 | $699.4M | $240.4M | ||
| Q2 24 | $800.7M | $358.7M | ||
| Q1 24 | $1.0B | $358.2M |
股东权益ADAMEB
| Q4 25 | $1.4B | $179.1M | ||
| Q3 25 | $1.4B | $189.1M | ||
| Q2 25 | $1.4B | $177.2M | ||
| Q1 25 | $1.4B | $173.3M | ||
| Q4 24 | $1.4B | $170.2M | ||
| Q3 24 | $1.4B | $179.8M | ||
| Q2 24 | $1.4B | $176.2M | ||
| Q1 24 | $1.5B | $184.1M |
总资产ADAMEB
| Q4 25 | $12.6B | $647.2M | ||
| Q3 25 | $12.4B | $744.6M | ||
| Q2 25 | $10.6B | $784.1M | ||
| Q1 25 | $10.0B | $812.3M | ||
| Q4 24 | $9.2B | $752.3M | ||
| Q3 24 | $8.9B | $817.4M | ||
| Q2 24 | $8.2B | $894.5M | ||
| Q1 24 | $7.4B | $952.2M |
负债/权益比ADAMEB
| Q4 25 | 0.52× | 0.81× | ||
| Q3 25 | 0.55× | 0.92× | ||
| Q2 25 | 0.47× | 1.36× | ||
| Q1 25 | 0.47× | 1.39× | ||
| Q4 24 | 0.41× | 1.41× | ||
| Q3 24 | 0.48× | 1.34× | ||
| Q2 24 | 0.56× | 2.04× | ||
| Q1 24 | 0.67× | 1.95× |
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 | $-60.8M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | $-60.9M |
| 自由现金流率自由现金流/营收 | 291.6% | -82.8% |
| 资本支出强度资本支出/营收 | 18.9% | 0.0% |
| 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 | — | $17.6M |
8季度趋势，按日历期对齐
经营现金流ADAMEB
| Q4 25 | $134.0M | $-60.8M | ||
| Q3 25 | $6.9M | $36.7M | ||
| Q2 25 | $39.2M | $-17.5M | ||
| Q1 25 | $25.8M | $59.4M | ||
| Q4 24 | $14.1M | $-45.3M | ||
| Q3 24 | $-922.0K | $44.6M | ||
| Q2 24 | $-993.0K | $-32.3M | ||
| Q1 24 | $-13.1M | $68.6M |
自由现金流ADAMEB
| Q4 25 | $125.9M | $-60.9M | ||
| Q3 25 | — | $36.6M | ||
| Q2 25 | — | $-17.5M | ||
| Q1 25 | — | $59.4M | ||
| Q4 24 | $-10.6M | $-45.3M | ||
| Q3 24 | $-8.6M | $44.4M | ||
| Q2 24 | $-8.6M | $-32.4M | ||
| Q1 24 | $-19.1M | $68.2M |
自由现金流率ADAMEB
| Q4 25 | 291.6% | -82.8% | ||
| Q3 25 | — | 51.1% | ||
| Q2 25 | — | -24.1% | ||
| Q1 25 | — | 80.4% | ||
| Q4 24 | -39.6% | -59.2% | ||
| Q3 24 | -42.3% | 57.1% | ||
| Q2 24 | -44.9% | -38.3% | ||
| Q1 24 | -107.0% | 79.1% |
资本支出强度ADAMEB
| Q4 25 | 18.9% | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 92.3% | 0.0% | ||
| Q3 24 | 37.7% | 0.2% | ||
| Q2 24 | 39.7% | 0.1% | ||
| Q1 24 | 33.5% | 0.4% |
现金转化率ADAMEB
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | 5.76× | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | -30.37× | ||
| 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% |
EB
| US | $52.0M | 71% |
| Other | $21.6M | 29% |
