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Alector, Inc.（ALEC）与DeFi Development Corp.（DFDV）财务数据对比。点击上方公司名可切换其他公司
Alector, Inc.的季度营收约是DeFi Development Corp.的1.3倍（$6.2M vs $4.6M），DeFi Development Corp.同比增速更快（647.2% vs -88.5%），过去两年DeFi Development Corp.的营收复合增速更高（181.5% vs -37.4%）
Alector是一家临床阶段生物制药企业，专注于神经退行性疾病的免疫疗法研发，管线覆盖阿尔茨海默病、额颞叶痴呆、帕金森病等未被满足的医疗需求，主要在美国运营，与全球药企合作推进候选药物的临床试验。
ADD汽车设计开发曾是一家英国企业，因打造外观极具未来感的Nova组装套件车为人熟知。该公司1971年至1973年总部位于南安普敦，后迁至兰开夏郡阿克灵顿运营至1975年。公司停业后，Nova车型相关产权在1978年被西约克郡的Nova Cars收购，后续还曾有小批量生产。
ALEC vs DFDV — 直观对比
营收规模更大
ALEC
是对方的1.3倍
$4.6M
营收增速更快
DFDV
高出735.7%
-88.5%
两年增速更快
DFDV
近两年复合增速
-37.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.2M | $4.6M |
| 净利润 | — | $56.0M |
| 毛利率 | — | 98.1% |
| 营业利润率 | — | — |
| 净利率 | — | 1211.4% |
| 营收同比 | -88.5% | 647.2% |
| 净利润同比 | -1696.9% | 11995.1% |
| 每股收益（稀释后） | — | $1.95 |
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ALECDFDV
| Q4 25 | $6.2M | — | ||
| Q3 25 | $3.3M | $4.6M | ||
| Q2 25 | $7.9M | $2.0M | ||
| Q1 25 | $3.7M | $287.2K | ||
| Q4 24 | $54.2M | $628.9K | ||
| Q3 24 | $15.3M | $619.0K | ||
| Q2 24 | $15.1M | $441.0K | ||
| Q1 24 | $15.9M | $411.1K |
净利润ALECDFDV
| Q4 25 | — | — | ||
| Q3 25 | $-34.7M | $56.0M | ||
| Q2 25 | $-30.5M | $15.4M | ||
| Q1 25 | $-40.5M | $-778.0K | ||
| Q4 24 | $-2.1M | $-487.0K | ||
| Q3 24 | $-42.2M | $-471.0K | ||
| Q2 24 | $-38.7M | $-805.0K | ||
| Q1 24 | $-36.1M | $-964.0K |
毛利率ALECDFDV
| Q4 25 | — | — | ||
| Q3 25 | — | 98.1% | ||
| Q2 25 | — | 98.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 98.7% | ||
| Q2 24 | — | 98.2% | ||
| Q1 24 | — | 97.9% |
营业利润率ALECDFDV
| Q4 25 | — | — | ||
| Q3 25 | -1153.6% | — | ||
| Q2 25 | -433.6% | — | ||
| Q1 25 | -1216.5% | -307.5% | ||
| Q4 24 | -13.4% | -107.9% | ||
| Q3 24 | -315.7% | -73.3% | ||
| Q2 24 | -302.4% | -193.2% | ||
| Q1 24 | -275.0% | -247.7% |
净利率ALECDFDV
| Q4 25 | — | — | ||
| Q3 25 | -1063.4% | 1211.4% | ||
| Q2 25 | -387.7% | 777.0% | ||
| Q1 25 | -1101.6% | -270.9% | ||
| Q4 24 | -3.8% | -77.4% | ||
| Q3 24 | -275.2% | -76.1% | ||
| Q2 24 | -256.4% | -182.5% | ||
| Q1 24 | -227.0% | -234.5% |
每股收益（稀释后）ALECDFDV
| Q4 25 | — | — | ||
| Q3 25 | $-0.34 | $1.95 | ||
| Q2 25 | $-0.30 | $0.84 | ||
| Q1 25 | $-0.41 | $-0.55 | ||
| Q4 24 | $-0.02 | $0.55 | ||
| Q3 24 | $-0.43 | $-0.05 | ||
| Q2 24 | $-0.40 | $-0.08 | ||
| Q1 24 | $-0.38 | $-0.70 |
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 | $256.0M | $1.4M |
| 总债务越低越好 | $10.0M | $131.4M |
| 股东权益账面价值 | $30.6M | $243.8M |
| 总资产 | $293.2M | $480.0M |
| 负债/权益比越低杠杆越低 | 0.33× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资ALECDFDV
| Q4 25 | $256.0M | — | ||
| Q3 25 | $291.1M | $1.4M | ||
| Q2 25 | $307.3M | $595.0K | ||
| Q1 25 | $354.6M | $2.2M | ||
| Q4 24 | $413.4M | $2.8M | ||
| Q3 24 | $457.2M | $2.8M | ||
| Q2 24 | $503.3M | $3.2M | ||
| Q1 24 | $562.1M | $3.9M |
总债务ALECDFDV
| Q4 25 | $10.0M | — | ||
| Q3 25 | — | $131.4M | ||
| Q2 25 | — | $21.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | $10.0M | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ALECDFDV
| Q4 25 | $30.6M | — | ||
| Q3 25 | $57.7M | $243.8M | ||
| Q2 25 | $71.2M | $79.6M | ||
| Q1 25 | $94.6M | $2.8M | ||
| Q4 24 | $126.8M | $3.5M | ||
| Q3 24 | $118.9M | $4.0M | ||
| Q2 24 | $150.6M | $4.3M | ||
| Q1 24 | $178.9M | $5.0M |
总资产ALECDFDV
| Q4 25 | $293.2M | — | ||
| Q3 25 | $335.3M | $480.0M | ||
| Q2 25 | $356.4M | $107.2M | ||
| Q1 25 | $408.3M | $4.2M | ||
| Q4 24 | $468.3M | $4.4M | ||
| Q3 24 | $516.0M | $4.5M | ||
| Q2 24 | $570.7M | $4.8M | ||
| Q1 24 | $635.5M | $5.5M |
负债/权益比ALECDFDV
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.08× | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-184.0M | $-5.0M |
| 自由现金流经营现金流 - 资本支出 | $-184.1M | — |
| 自由现金流率自由现金流/营收 | -2951.3% | — |
| 资本支出强度资本支出/营收 | 0.7% | 0.0% |
| 现金转化率经营现金流/净利润 | — | -0.09× |
| 过去12个月自由现金流最近4个季度 | $-326.5M | — |
8季度趋势，按日历期对齐
经营现金流ALECDFDV
| Q4 25 | $-184.0M | — | ||
| Q3 25 | $-32.5M | $-5.0M | ||
| Q2 25 | $-49.0M | $-1.3M | ||
| Q1 25 | $-60.8M | $-785.6K | ||
| Q4 24 | $-55.0M | $-2.4M | ||
| Q3 24 | $-50.7M | $-412.0K | ||
| Q2 24 | $-62.8M | $-680.8K | ||
| Q1 24 | $-61.3M | $-1.1M |
自由现金流ALECDFDV
| Q4 25 | $-184.1M | — | ||
| Q3 25 | $-32.5M | — | ||
| Q2 25 | $-49.1M | — | ||
| Q1 25 | $-60.8M | — | ||
| Q4 24 | $-55.2M | $-2.4M | ||
| Q3 24 | $-50.9M | — | ||
| Q2 24 | $-63.1M | $-687.4K | ||
| Q1 24 | $-61.9M | $-1.2M |
自由现金流率ALECDFDV
| Q4 25 | -2951.3% | — | ||
| Q3 25 | -997.6% | — | ||
| Q2 25 | -623.0% | — | ||
| Q1 25 | -1655.0% | — | ||
| Q4 24 | -101.8% | -388.2% | ||
| Q3 24 | -332.1% | — | ||
| Q2 24 | -418.6% | -155.9% | ||
| Q1 24 | -389.3% | -280.3% |
资本支出强度ALECDFDV
| Q4 25 | 0.7% | — | ||
| Q3 25 | 0.3% | 0.0% | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.3% | 3.7% | ||
| Q3 24 | 1.4% | 0.0% | ||
| Q2 24 | 2.2% | 1.5% | ||
| Q1 24 | 3.4% | 1.6% |
现金转化率ALECDFDV
| Q4 25 | — | — | ||
| Q3 25 | — | -0.09× | ||
| Q2 25 | — | -0.08× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
ALEC
暂无分部数据
DFDV
| Digital Asset Treasury | $3.8M | 82% |
| Other | $831.0K | 18% |
