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ADAMAS TRUST, INC.（ADAM）与Repay Holdings Corp（RPAY）财务数据对比。点击上方公司名可切换其他公司
Repay Holdings Corp的季度营收约是ADAMAS TRUST, INC.的1.8倍（$78.6M vs $43.2M），ADAMAS TRUST, INC.净利率更高（124.0% vs -178.3%，领先302.3%），ADAMAS TRUST, INC.同比增速更快（61.6% vs 0.4%），ADAMAS TRUST, INC.自由现金流更多（$125.9M vs $23.2M），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs -1.3%）
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
ADAM vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.8倍
$43.2M
营收增速更快
ADAM
高出61.2%
0.4%
净利率更高
ADAM
高出302.3%
-178.3%
自由现金流更多
ADAM
多$102.7M
$23.2M
两年增速更快
ADAM
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $78.6M |
| 净利润 | $53.5M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | — | -182.2% |
| 净利率 | 124.0% | -178.3% |
| 营收同比 | 61.6% | 0.4% |
| 净利润同比 | 270.5% | -3304.1% |
| 每股收益（稀释后） | $0.45 | $-1.68 |
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ADAMRPAY
| Q4 25 | $43.2M | $78.6M | ||
| Q3 25 | $36.6M | $77.7M | ||
| Q2 25 | $36.4M | $75.6M | ||
| Q1 25 | $33.1M | $77.3M | ||
| Q4 24 | $26.7M | $78.3M | ||
| Q3 24 | $20.2M | $79.1M | ||
| Q2 24 | $19.0M | $74.9M | ||
| Q1 24 | $17.9M | $80.7M |
净利润ADAMRPAY
| Q4 25 | $53.5M | $-140.1M | ||
| Q3 25 | $44.8M | $-6.4M | ||
| Q2 25 | $8.5M | $-102.3M | ||
| Q1 25 | $42.2M | $-7.9M | ||
| Q4 24 | $-31.4M | $-4.1M | ||
| Q3 24 | $42.8M | $3.2M | ||
| Q2 24 | $-15.6M | $-4.1M | ||
| Q1 24 | $-57.9M | $-5.2M |
毛利率ADAMRPAY
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% | ||
| Q1 24 | — | 76.2% |
营业利润率ADAMRPAY
| Q4 25 | — | -182.2% | ||
| Q3 25 | — | -3.9% | ||
| Q2 25 | 11.7% | -138.7% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | -119.0% | -1.5% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | -124.7% | -4.6% | ||
| Q1 24 | -448.8% | -3.1% |
净利率ADAMRPAY
| Q4 25 | 124.0% | -178.3% | ||
| Q3 25 | 122.5% | -8.3% | ||
| Q2 25 | 23.4% | -135.2% | ||
| Q1 25 | 127.4% | -10.3% | ||
| Q4 24 | -117.5% | -5.3% | ||
| Q3 24 | 211.7% | 4.1% | ||
| Q2 24 | -81.9% | -5.4% | ||
| Q1 24 | -324.1% | -6.5% |
每股收益（稀释后）ADAMRPAY
| Q4 25 | $0.45 | $-1.68 | ||
| Q3 25 | $0.36 | $-0.08 | ||
| Q2 25 | $-0.04 | $-1.15 | ||
| Q1 25 | $0.33 | $-0.09 | ||
| Q4 24 | $-0.46 | $-0.04 | ||
| Q3 24 | $0.36 | $0.03 | ||
| Q2 24 | $-0.29 | $-0.04 | ||
| Q1 24 | $-0.75 | $-0.06 |
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 | $115.7M |
| 总债务越低越好 | $735.8M | $280.1M |
| 股东权益账面价值 | $1.4B | $484.4M |
| 总资产 | $12.6B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.52× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资ADAMRPAY
| Q4 25 | $210.3M | $115.7M | ||
| Q3 25 | $185.3M | $95.7M | ||
| Q2 25 | $160.4M | $162.6M | ||
| Q1 25 | $177.1M | $165.5M | ||
| Q4 24 | $167.4M | $189.5M | ||
| Q3 24 | $195.1M | $168.7M | ||
| Q2 24 | $235.5M | $147.1M | ||
| Q1 24 | $226.9M | $128.3M |
总债务ADAMRPAY
| Q4 25 | $735.8M | $280.1M | ||
| Q3 25 | $766.6M | $279.5M | ||
| Q2 25 | $653.0M | $279.0M | ||
| Q1 25 | $654.4M | $497.6M | ||
| Q4 24 | $573.2M | $496.8M | ||
| Q3 24 | $699.4M | $496.2M | ||
| Q2 24 | $800.7M | $435.6M | ||
| Q1 24 | $1.0B | $434.9M |
股东权益ADAMRPAY
| Q4 25 | $1.4B | $484.4M | ||
| Q3 25 | $1.4B | $616.9M | ||
| Q2 25 | $1.4B | $633.7M | ||
| Q1 25 | $1.4B | $755.7M | ||
| Q4 24 | $1.4B | $761.3M | ||
| Q3 24 | $1.4B | $754.7M | ||
| Q2 24 | $1.4B | $815.4M | ||
| Q1 24 | $1.5B | $813.8M |
总资产ADAMRPAY
| Q4 25 | $12.6B | $1.2B | ||
| Q3 25 | $12.4B | $1.3B | ||
| Q2 25 | $10.6B | $1.4B | ||
| Q1 25 | $10.0B | $1.5B | ||
| Q4 24 | $9.2B | $1.6B | ||
| Q3 24 | $8.9B | $1.6B | ||
| Q2 24 | $8.2B | $1.5B | ||
| Q1 24 | $7.4B | $1.5B |
负债/权益比ADAMRPAY
| Q4 25 | 0.52× | 0.58× | ||
| Q3 25 | 0.55× | 0.45× | ||
| Q2 25 | 0.47× | 0.44× | ||
| Q1 25 | 0.47× | 0.66× | ||
| Q4 24 | 0.41× | 0.65× | ||
| Q3 24 | 0.48× | 0.66× | ||
| Q2 24 | 0.56× | 0.53× | ||
| Q1 24 | 0.67× | 0.53× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | $23.2M |
| 自由现金流率自由现金流/营收 | 291.6% | 29.6% |
| 资本支出强度资本支出/营收 | 18.9% | 0.1% |
| 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 | — | $90.7M |
8季度趋势，按日历期对齐
经营现金流ADAMRPAY
| Q4 25 | $134.0M | $23.3M | ||
| Q3 25 | $6.9M | $32.2M | ||
| Q2 25 | $39.2M | $33.1M | ||
| Q1 25 | $25.8M | $2.5M | ||
| Q4 24 | $14.1M | $34.3M | ||
| Q3 24 | $-922.0K | $60.1M | ||
| Q2 24 | $-993.0K | $31.0M | ||
| Q1 24 | $-13.1M | $24.8M |
自由现金流ADAMRPAY
| Q4 25 | $125.9M | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | $-10.6M | $34.0M | ||
| Q3 24 | $-8.6M | $59.8M | ||
| Q2 24 | $-8.6M | $30.5M | ||
| Q1 24 | $-19.1M | $24.7M |
自由现金流率ADAMRPAY
| Q4 25 | 291.6% | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | -39.6% | 43.5% | ||
| Q3 24 | -42.3% | 75.6% | ||
| Q2 24 | -44.9% | 40.7% | ||
| Q1 24 | -107.0% | 30.6% |
资本支出强度ADAMRPAY
| Q4 25 | 18.9% | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 92.3% | 0.3% | ||
| Q3 24 | 37.7% | 0.3% | ||
| Q2 24 | 39.7% | 0.6% | ||
| Q1 24 | 33.5% | 0.1% |
现金转化率ADAMRPAY
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | 18.52× | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
