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Adeia Inc.（ADEA）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是Adeia Inc.的1.0倍（$188.3M vs $182.6M），BRC Group Holdings, Inc.净利率更高（47.9% vs 40.4%，领先7.6%），Adeia Inc.同比增速更快（53.3% vs -21.9%），过去两年Adeia Inc.的营收复合增速更高（48.0% vs -15.4%）
Adeia Inc.是一家全球化知识产权授权与创新企业，主营半导体制造、消费电子、媒体分发及智能设备领域的专利技术研发与商业化合作，与全球多家头部科技企业达成授权合作，推动相关行业技术升级。
ADEA vs RILY — 直观对比
营收规模更大
RILY
是对方的1.0倍
$182.6M
营收增速更快
ADEA
高出75.1%
-21.9%
净利率更高
RILY
高出7.6%
40.4%
两年增速更快
ADEA
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $182.6M | $188.3M |
| 净利润 | $73.7M | $90.3M |
| 毛利率 | — | 79.5% |
| 营业利润率 | 59.5% | 32.3% |
| 净利率 | 40.4% | 47.9% |
| 营收同比 | 53.3% | -21.9% |
| 净利润同比 | 104.6% | 1710.8% |
| 每股收益（稀释后） | $0.66 | $2.78 |
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ADEARILY
| Q4 25 | $182.6M | $188.3M | ||
| Q3 25 | $87.3M | $215.3M | ||
| Q2 25 | $85.7M | $188.2M | ||
| Q1 25 | $87.7M | $197.2M | ||
| Q4 24 | $119.2M | $241.0M | ||
| Q3 24 | $86.1M | $225.5M | ||
| Q2 24 | $87.3M | $256.0M | ||
| Q1 24 | $83.4M | $263.4M |
净利润ADEARILY
| Q4 25 | $73.7M | $90.3M | ||
| Q3 25 | $8.8M | $91.1M | ||
| Q2 25 | $16.7M | $139.5M | ||
| Q1 25 | $11.8M | $-10.0M | ||
| Q4 24 | $36.0M | $-5.6M | ||
| Q3 24 | $19.3M | $-284.4M | ||
| Q2 24 | $8.4M | $-433.6M | ||
| Q1 24 | $899.0K | $-49.2M |
毛利率ADEARILY
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% | ||
| Q1 24 | — | 85.3% |
营业利润率ADEARILY
| Q4 25 | 59.5% | 32.3% | ||
| Q3 25 | 30.9% | 30.4% | ||
| Q2 25 | 19.1% | 5.7% | ||
| Q1 25 | 26.0% | -31.2% | ||
| Q4 24 | 48.2% | -69.2% | ||
| Q3 24 | 32.7% | -36.4% | ||
| Q2 24 | 27.1% | -90.8% | ||
| Q1 24 | 23.2% | -6.1% |
净利率ADEARILY
| Q4 25 | 40.4% | 47.9% | ||
| Q3 25 | 10.1% | 42.3% | ||
| Q2 25 | 19.5% | 74.1% | ||
| Q1 25 | 13.5% | -5.1% | ||
| Q4 24 | 30.2% | -2.3% | ||
| Q3 24 | 22.4% | -126.1% | ||
| Q2 24 | 9.6% | -169.4% | ||
| Q1 24 | 1.1% | -18.7% |
每股收益（稀释后）ADEARILY
| Q4 25 | $0.66 | $2.78 | ||
| Q3 25 | $0.08 | $2.91 | ||
| Q2 25 | $0.15 | $4.50 | ||
| Q1 25 | $0.10 | $-0.39 | ||
| Q4 24 | $0.32 | $-0.01 | ||
| Q3 24 | $0.17 | $-9.39 | ||
| Q2 24 | $0.07 | $-14.35 | ||
| Q1 24 | $0.01 | $-1.71 |
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 | $136.7M | $226.6M |
| 总债务越低越好 | $418.5M | $1.4B |
| 股东权益账面价值 | $480.5M | $-171.5M |
| 总资产 | $1.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.87× | — |
8季度趋势，按日历期对齐
现金及短期投资ADEARILY
| Q4 25 | $136.7M | $226.6M | ||
| Q3 25 | $115.1M | $184.2M | ||
| Q2 25 | $116.5M | $267.4M | ||
| Q1 25 | $116.5M | $138.3M | ||
| Q4 24 | $110.4M | $146.9M | ||
| Q3 24 | $89.2M | $159.2M | ||
| Q2 24 | $94.5M | $236.9M | ||
| Q1 24 | $89.0M | $190.7M |
总债务ADEARILY
| Q4 25 | $418.5M | $1.4B | ||
| Q3 25 | $438.7M | $1.3B | ||
| Q2 25 | $448.9M | $1.3B | ||
| Q1 25 | $459.2M | $1.4B | ||
| Q4 24 | $475.5M | $1.5B | ||
| Q3 24 | $524.4M | — | ||
| Q2 24 | $535.6M | — | ||
| Q1 24 | $546.3M | — |
股东权益ADEARILY
| Q4 25 | $480.5M | $-171.5M | ||
| Q3 25 | $413.7M | $-260.5M | ||
| Q2 25 | $402.9M | $-351.7M | ||
| Q1 25 | $389.5M | $-496.8M | ||
| Q4 24 | $396.6M | $-488.2M | ||
| Q3 24 | $378.2M | $-497.6M | ||
| Q2 24 | $359.1M | $-218.3M | ||
| Q1 24 | $350.0M | $228.4M |
总资产ADEARILY
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.1B | $3.2B | ||
| Q1 24 | $1.1B | $5.0B |
负债/权益比ADEARILY
| Q4 25 | 0.87× | — | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 1.18× | — | ||
| Q4 24 | 1.20× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 1.49× | — | ||
| Q1 24 | 1.56× | — |
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 | $60.0M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $59.4M | — |
| 自由现金流率自由现金流/营收 | 32.5% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 0.81× | 0.29× |
| 过去12个月自由现金流最近4个季度 | $156.3M | — |
8季度趋势，按日历期对齐
经营现金流ADEARILY
| Q4 25 | $60.0M | $26.2M | ||
| Q3 25 | $17.8M | $-60.6M | ||
| Q2 25 | $23.1M | $-25.6M | ||
| Q1 25 | $57.1M | $184.0K | ||
| Q4 24 | $107.5M | $-2.7M | ||
| Q3 24 | $14.3M | $19.5M | ||
| Q2 24 | $23.5M | $111.5M | ||
| Q1 24 | $67.2M | $135.4M |
自由现金流ADEARILY
| Q4 25 | $59.4M | — | ||
| Q3 25 | $17.0M | — | ||
| Q2 25 | $22.9M | — | ||
| Q1 25 | $56.9M | — | ||
| Q4 24 | $106.9M | — | ||
| Q3 24 | $14.3M | — | ||
| Q2 24 | $23.0M | — | ||
| Q1 24 | $66.4M | — |
自由现金流率ADEARILY
| Q4 25 | 32.5% | — | ||
| Q3 25 | 19.5% | — | ||
| Q2 25 | 26.7% | — | ||
| Q1 25 | 64.9% | — | ||
| Q4 24 | 89.7% | — | ||
| Q3 24 | 16.6% | — | ||
| Q2 24 | 26.4% | — | ||
| Q1 24 | 79.7% | — |
资本支出强度ADEARILY
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 1.0% | — |
现金转化率ADEARILY
| Q4 25 | 0.81× | 0.29× | ||
| Q3 25 | 2.02× | -0.66× | ||
| Q2 25 | 1.38× | -0.18× | ||
| Q1 25 | 4.84× | — | ||
| Q4 24 | 2.98× | — | ||
| Q3 24 | 0.74× | — | ||
| Q2 24 | 2.80× | — | ||
| Q1 24 | 74.78× | — |
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
ADEA
| Media Platform | $172.9M | 95% |
| Semiconductor | $9.7M | 5% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
