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Alector, Inc.（ALEC）与Soluna Holdings, Inc（SLNH）财务数据对比。点击上方公司名可切换其他公司
Soluna Holdings, Inc的季度营收约是Alector, Inc.的1.3倍（$8.4M vs $6.2M），Soluna Holdings, Inc同比增速更快（11.8% vs -88.5%），Soluna Holdings, Inc自由现金流更多（$-6.8M vs $-184.1M），过去两年Soluna Holdings, Inc的营收复合增速更高（-8.8% 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。
ALEC vs SLNH — 直观对比
营收规模更大
SLNH
是对方的1.3倍
$6.2M
营收增速更快
SLNH
高出100.3%
-88.5%
自由现金流更多
SLNH
多$177.2M
$-184.1M
两年增速更快
SLNH
近两年复合增速
-37.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.2M | $8.4M |
| 净利润 | — | $-24.0M |
| 毛利率 | — | 9.5% |
| 营业利润率 | — | -92.5% |
| 净利率 | — | -284.7% |
| 营收同比 | -88.5% | 11.8% |
| 净利润同比 | -1696.9% | -233.2% |
| 每股收益（稀释后） | — | $-1.14 |
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ALECSLNH
| Q4 25 | $6.2M | — | ||
| Q3 25 | $3.3M | $8.4M | ||
| Q2 25 | $7.9M | $6.2M | ||
| Q1 25 | $3.7M | $5.9M | ||
| Q4 24 | $54.2M | $8.3M | ||
| Q3 24 | $15.3M | $7.5M | ||
| Q2 24 | $15.1M | $9.7M | ||
| Q1 24 | $15.9M | $12.5M |
净利润ALECSLNH
| Q4 25 | — | — | ||
| Q3 25 | $-34.7M | $-24.0M | ||
| Q2 25 | $-30.5M | $-7.4M | ||
| Q1 25 | $-40.5M | $-7.6M | ||
| Q4 24 | $-2.1M | $-40.0M | ||
| Q3 24 | $-42.2M | $-7.2M | ||
| Q2 24 | $-38.7M | $-10.9M | ||
| Q1 24 | $-36.1M | $-5.3M |
毛利率ALECSLNH
| Q4 25 | — | — | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | -360.8% | ||
| Q3 24 | — | -39.1% | ||
| Q2 24 | — | 34.6% | ||
| Q1 24 | — | 45.4% |
营业利润率ALECSLNH
| Q4 25 | — | — | ||
| Q3 25 | -1153.6% | -92.5% | ||
| Q2 25 | -433.6% | -107.6% | ||
| Q1 25 | -1216.5% | -120.9% | ||
| Q4 24 | -13.4% | -426.0% | ||
| Q3 24 | -315.7% | -119.8% | ||
| Q2 24 | -302.4% | -38.0% | ||
| Q1 24 | -275.0% | 3.2% |
净利率ALECSLNH
| Q4 25 | — | — | ||
| Q3 25 | -1063.4% | -284.7% | ||
| Q2 25 | -387.7% | -119.9% | ||
| Q1 25 | -1101.6% | -127.3% | ||
| Q4 24 | -3.8% | -483.8% | ||
| Q3 24 | -275.2% | -95.5% | ||
| Q2 24 | -256.4% | -112.4% | ||
| Q1 24 | -227.0% | -41.9% |
每股收益（稀释后）ALECSLNH
| Q4 25 | — | — | ||
| Q3 25 | $-0.34 | $-1.14 | ||
| Q2 25 | $-0.30 | $-0.93 | ||
| Q1 25 | $-0.41 | $-1.21 | ||
| Q4 24 | $-0.02 | $-7.14 | ||
| Q3 24 | $-0.43 | $-1.56 | ||
| Q2 24 | $-0.40 | $-3.62 | ||
| Q1 24 | $-0.38 | $-2.62 |
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 | — |
| 总债务越低越好 | $10.0M | $13.3M |
| 股东权益账面价值 | $30.6M | $14.5M |
| 总资产 | $293.2M | $152.0M |
| 负债/权益比越低杠杆越低 | 0.33× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资ALECSLNH
| Q4 25 | $256.0M | — | ||
| Q3 25 | $291.1M | — | ||
| Q2 25 | $307.3M | — | ||
| Q1 25 | $354.6M | — | ||
| Q4 24 | $413.4M | — | ||
| Q3 24 | $457.2M | — | ||
| Q2 24 | $503.3M | — | ||
| Q1 24 | $562.1M | — |
总债务ALECSLNH
| Q4 25 | $10.0M | — | ||
| Q3 25 | — | $13.3M | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | $10.0M | $7.1M | ||
| Q3 24 | — | $8.1M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | — | — |
股东权益ALECSLNH
| Q4 25 | $30.6M | — | ||
| Q3 25 | $57.7M | $14.5M | ||
| Q2 25 | $71.2M | $-19.5M | ||
| Q1 25 | $94.6M | $-16.1M | ||
| Q4 24 | $126.8M | $-12.5M | ||
| Q3 24 | $118.9M | $20.9M | ||
| Q2 24 | $150.6M | $24.4M | ||
| Q1 24 | $178.9M | $21.5M |
总资产ALECSLNH
| Q4 25 | $293.2M | — | ||
| Q3 25 | $335.3M | $152.0M | ||
| Q2 25 | $356.4M | $92.0M | ||
| Q1 25 | $408.3M | $90.0M | ||
| Q4 24 | $468.3M | $88.0M | ||
| Q3 24 | $516.0M | $97.3M | ||
| Q2 24 | $570.7M | $98.7M | ||
| Q1 24 | $635.5M | $90.6M |
负债/权益比ALECSLNH
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | 0.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.37× | ||
| 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 | $-2.2M |
| 自由现金流经营现金流 - 资本支出 | $-184.1M | $-6.8M |
| 自由现金流率自由现金流/营收 | -2951.3% | -81.4% |
| 资本支出强度资本支出/营收 | 0.7% | 55.2% |
| 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 | $-326.5M | $-34.4M |
8季度趋势，按日历期对齐
经营现金流ALECSLNH
| Q4 25 | $-184.0M | — | ||
| Q3 25 | $-32.5M | $-2.2M | ||
| Q2 25 | $-49.0M | $-1.1M | ||
| Q1 25 | $-60.8M | $-177.0K | ||
| Q4 24 | $-55.0M | $-5.1M | ||
| Q3 24 | $-50.7M | $61.0K | ||
| Q2 24 | $-62.8M | $-7.3M | ||
| Q1 24 | $-61.3M | $3.9M |
自由现金流ALECSLNH
| Q4 25 | $-184.1M | — | ||
| Q3 25 | $-32.5M | $-6.8M | ||
| Q2 25 | $-49.1M | $-9.7M | ||
| Q1 25 | $-60.8M | $-4.0M | ||
| Q4 24 | $-55.2M | $-13.9M | ||
| Q3 24 | $-50.9M | $-3.4M | ||
| Q2 24 | $-63.1M | $-7.6M | ||
| Q1 24 | $-61.9M | $3.3M |
自由现金流率ALECSLNH
| Q4 25 | -2951.3% | — | ||
| Q3 25 | -997.6% | -81.4% | ||
| Q2 25 | -623.0% | -156.8% | ||
| Q1 25 | -1655.0% | -67.1% | ||
| Q4 24 | -101.8% | -168.3% | ||
| Q3 24 | -332.1% | -44.8% | ||
| Q2 24 | -418.6% | -78.2% | ||
| Q1 24 | -389.3% | 26.5% |
资本支出强度ALECSLNH
| Q4 25 | 0.7% | — | ||
| Q3 25 | 0.3% | 55.2% | ||
| Q2 25 | 0.1% | 139.0% | ||
| Q1 25 | 0.5% | 64.2% | ||
| Q4 24 | 0.3% | 107.0% | ||
| Q3 24 | 1.4% | 45.6% | ||
| Q2 24 | 2.2% | 2.5% | ||
| Q1 24 | 3.4% | 4.2% |
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
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
