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C3.ai, Inc.（AI）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C3.ai, Inc.的1.0倍（$78.6M vs $75.1M），C3.ai, Inc.净利率更高（-139.3% vs -178.3%，领先39.0%），Repay Holdings Corp同比增速更快（0.4% vs -20.3%），Repay Holdings Corp自由现金流更多（$23.2M vs $-46.9M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -2.1%）
C3.ai是全球领先的企业级人工智能软件供应商，主要开发销售可扩展的AI应用、平台工具及垂直行业定制解决方案，服务覆盖制造、能源、金融、医疗、公共部门等领域，助力客户优化运营、降本增效、管控风险，实现数据驱动的业务决策。
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。
AI vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.0倍
$75.1M
营收增速更快
RPAY
高出20.7%
-20.3%
净利率更高
AI
高出39.0%
-178.3%
自由现金流更多
RPAY
多$70.1M
$-46.9M
两年增速更快
RPAY
近两年复合增速
-2.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $75.1M | $78.6M |
| 净利润 | $-104.7M | $-140.1M |
| 毛利率 | 40.4% | 74.2% |
| 营业利润率 | -149.2% | -182.2% |
| 净利率 | -139.3% | -178.3% |
| 营收同比 | -20.3% | 0.4% |
| 净利润同比 | -58.7% | -3304.1% |
| 每股收益（稀释后） | $-0.75 | $-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AIRPAY
| Q4 25 | $75.1M | $78.6M | ||
| Q3 25 | $70.3M | $77.7M | ||
| Q2 25 | $108.7M | $75.6M | ||
| Q1 25 | $98.8M | $77.3M | ||
| Q4 24 | $94.3M | $78.3M | ||
| Q3 24 | $87.2M | $79.1M | ||
| Q2 24 | $86.6M | $74.9M | ||
| Q1 24 | $78.4M | $80.7M |
净利润AIRPAY
| Q4 25 | $-104.7M | $-140.1M | ||
| Q3 25 | $-116.8M | $-6.4M | ||
| Q2 25 | $-79.7M | $-102.3M | ||
| Q1 25 | $-80.2M | $-7.9M | ||
| Q4 24 | $-66.0M | $-4.1M | ||
| Q3 24 | $-62.8M | $3.2M | ||
| Q2 24 | $-72.9M | $-4.1M | ||
| Q1 24 | $-72.6M | $-5.2M |
毛利率AIRPAY
| Q4 25 | 40.4% | 74.2% | ||
| Q3 25 | 37.6% | 74.4% | ||
| Q2 25 | 62.1% | 75.7% | ||
| Q1 25 | 59.1% | 75.9% | ||
| Q4 24 | 61.3% | 76.3% | ||
| Q3 24 | 59.8% | 77.8% | ||
| Q2 24 | 59.6% | 78.2% | ||
| Q1 24 | 57.8% | 76.2% |
营业利润率AIRPAY
| Q4 25 | -149.2% | -182.2% | ||
| Q3 25 | -177.7% | -3.9% | ||
| Q2 25 | -81.8% | -138.7% | ||
| Q1 25 | -88.7% | -4.7% | ||
| Q4 24 | -79.8% | -1.5% | ||
| Q3 24 | -83.2% | -0.9% | ||
| Q2 24 | -95.1% | -4.6% | ||
| Q1 24 | -105.3% | -3.1% |
净利率AIRPAY
| Q4 25 | -139.3% | -178.3% | ||
| Q3 25 | -166.2% | -8.3% | ||
| Q2 25 | -73.3% | -135.2% | ||
| Q1 25 | -81.2% | -10.3% | ||
| Q4 24 | -69.9% | -5.3% | ||
| Q3 24 | -72.0% | 4.1% | ||
| Q2 24 | -84.2% | -5.4% | ||
| Q1 24 | -92.6% | -6.5% |
每股收益（稀释后）AIRPAY
| Q4 25 | $-0.75 | $-1.68 | ||
| Q3 25 | $-0.86 | $-0.08 | ||
| Q2 25 | $-0.60 | $-1.15 | ||
| Q1 25 | $-0.62 | $-0.09 | ||
| Q4 24 | $-0.52 | $-0.04 | ||
| Q3 24 | $-0.50 | $0.03 | ||
| Q2 24 | $-0.59 | $-0.04 | ||
| Q1 24 | $-0.60 | $-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 | $675.0M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $771.9M | $484.4M |
| 总资产 | $961.3M | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资AIRPAY
| Q4 25 | $675.0M | $115.7M | ||
| Q3 25 | $711.9M | $95.7M | ||
| Q2 25 | $742.7M | $162.6M | ||
| Q1 25 | $724.3M | $165.5M | ||
| Q4 24 | $730.4M | $189.5M | ||
| Q3 24 | $762.5M | $168.7M | ||
| Q2 24 | $750.4M | $147.1M | ||
| Q1 24 | $723.3M | $128.3M |
总债务AIRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益AIRPAY
| Q4 25 | $771.9M | $484.4M | ||
| Q3 25 | $798.8M | $616.9M | ||
| Q2 25 | $838.3M | $633.7M | ||
| Q1 25 | $860.2M | $755.7M | ||
| Q4 24 | $859.0M | $761.3M | ||
| Q3 24 | $874.9M | $754.7M | ||
| Q2 24 | $873.4M | $815.4M | ||
| Q1 24 | $898.0M | $813.8M |
总资产AIRPAY
| Q4 25 | $961.3M | $1.2B | ||
| Q3 25 | $968.7M | $1.3B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
负债/权益比AIRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 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 | $-46.5M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-46.9M | $23.2M |
| 自由现金流率自由现金流/营收 | -62.4% | 29.6% |
| 资本支出强度资本支出/营收 | 0.5% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-93.2M | $90.7M |
8季度趋势，按日历期对齐
经营现金流AIRPAY
| Q4 25 | $-46.5M | $23.3M | ||
| Q3 25 | $-33.5M | $32.2M | ||
| Q2 25 | $11.3M | $33.1M | ||
| Q1 25 | $-22.0M | $2.5M | ||
| Q4 24 | $-38.7M | $34.3M | ||
| Q3 24 | $8.0M | $60.1M | ||
| Q2 24 | $21.3M | $31.0M | ||
| Q1 24 | $-39.1M | $24.8M |
自由现金流AIRPAY
| Q4 25 | $-46.9M | $23.2M | ||
| Q3 25 | $-34.3M | $32.1M | ||
| Q2 25 | $10.3M | $33.0M | ||
| Q1 25 | $-22.4M | $2.4M | ||
| Q4 24 | $-39.5M | $34.0M | ||
| Q3 24 | $7.1M | $59.8M | ||
| Q2 24 | $18.8M | $30.5M | ||
| Q1 24 | $-45.1M | $24.7M |
自由现金流率AIRPAY
| Q4 25 | -62.4% | 29.6% | ||
| Q3 25 | -48.8% | 41.3% | ||
| Q2 25 | 9.5% | 43.6% | ||
| Q1 25 | -22.7% | 3.0% | ||
| Q4 24 | -41.9% | 43.5% | ||
| Q3 24 | 8.2% | 75.6% | ||
| Q2 24 | 21.7% | 40.7% | ||
| Q1 24 | -57.6% | 30.6% |
资本支出强度AIRPAY
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 1.1% | 0.2% | ||
| Q2 25 | 0.9% | 0.1% | ||
| Q1 25 | 0.4% | 0.2% | ||
| Q4 24 | 0.9% | 0.3% | ||
| Q3 24 | 1.1% | 0.3% | ||
| Q2 24 | 2.9% | 0.6% | ||
| Q1 24 | 7.8% | 0.1% |
现金转化率AIRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 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
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
