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ALKAMI TECHNOLOGY, INC.（ALKT）与网易（NTES）财务数据对比。点击上方公司名可切换其他公司
网易的季度营收约是ALKAMI TECHNOLOGY, INC.的33.0倍（$4.0B vs $120.8M）。网易自由现金流更多（$1.8B vs $16.2M）。过去两年ALKAMI TECHNOLOGY, INC.的营收复合增速更高（26.0% vs 9.7%）
Alkami科技是一家面向美国市场的云原生数字银行解决方案提供商，主要为社区银行、信用合作社等金融机构提供在线及移动银行系统、支付处理工具、数据分析模块与客户互动功能，助力合作机构优化终端用户的数字银行使用体验。
网易由丁磊于1997年6月创立，是全球规模领先的互联网与网络游戏企业之一。公司核心业务涵盖PC及移动端网络游戏的研发与发行，同时布局广告服务、电子邮箱服务及电商平台等多元业务板块。
ALKT vs NTES — 直观对比
营收规模更大
NTES
是对方的33.0倍
$120.8M
自由现金流更多
NTES
多$1.8B
$16.2M
两年增速更快
ALKT
近两年复合增速
9.7%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $120.8M | $4.0B |
| 净利润 | — | $1.2B |
| 毛利率 | 57.2% | 64.1% |
| 营业利润率 | -7.9% | 28.3% |
| 净利率 | — | 31.0% |
| 营收同比 | 34.7% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.11 | — |
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ALKTNTES
| Q4 25 | $120.8M | — | ||
| Q3 25 | $113.0M | $4.0B | ||
| Q2 25 | $112.1M | $3.9B | ||
| Q1 25 | $97.8M | $4.0B | ||
| Q4 24 | $89.7M | — | ||
| Q3 24 | $85.9M | $3.7B | ||
| Q2 24 | $82.2M | $3.5B | ||
| Q1 24 | $76.1M | $3.7B |
净利润ALKTNTES
| Q4 25 | — | — | ||
| Q3 25 | $-14.8M | $1.2B | ||
| Q2 25 | $-13.6M | $1.3B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | — | ||
| Q3 24 | $-9.4M | $955.7M | ||
| Q2 24 | $-12.3M | $939.6M | ||
| Q1 24 | — | $1.1B |
毛利率ALKTNTES
| Q4 25 | 57.2% | — | ||
| Q3 25 | 56.8% | 64.1% | ||
| Q2 25 | 58.6% | 64.7% | ||
| Q1 25 | 59.0% | 64.1% | ||
| Q4 24 | 59.3% | — | ||
| Q3 24 | 58.9% | 62.9% | ||
| Q2 24 | 59.4% | 62.9% | ||
| Q1 24 | 57.8% | 63.4% |
营业利润率ALKTNTES
| Q4 25 | -7.9% | — | ||
| Q3 25 | -11.4% | 28.3% | ||
| Q2 25 | -14.2% | 32.5% | ||
| Q1 25 | -15.7% | 36.2% | ||
| Q4 24 | -9.6% | — | ||
| Q3 24 | -12.1% | 27.3% | ||
| Q2 24 | -16.1% | 27.4% | ||
| Q1 24 | -16.2% | 28.4% |
净利率ALKTNTES
| Q4 25 | — | — | ||
| Q3 25 | -13.1% | 31.0% | ||
| Q2 25 | -12.1% | 32.6% | ||
| Q1 25 | — | 36.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | -11.0% | 25.6% | ||
| Q2 24 | -15.0% | 26.8% | ||
| Q1 24 | — | 29.1% |
每股收益（稀释后）ALKTNTES
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.14 | — | ||
| Q2 25 | $-0.13 | — | ||
| Q1 25 | $-0.08 | — | ||
| Q4 24 | $-0.07 | — | ||
| Q3 24 | $-0.09 | — | ||
| Q2 24 | $-0.13 | — | ||
| Q1 24 | $-0.12 | — |
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 | $63.5M | $31.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $362.0M | $160.8B |
| 总资产 | $847.2M | $214.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ALKTNTES
| Q4 25 | $63.5M | — | ||
| Q3 25 | $57.3M | $31.3B | ||
| Q2 25 | $52.4M | $54.4B | ||
| Q1 25 | $61.7M | $41.7B | ||
| Q4 24 | $94.4M | — | ||
| Q3 24 | $81.0M | $20.2B | ||
| Q2 24 | $61.4M | $19.0B | ||
| Q1 24 | $44.2M | $43.0B |
股东权益ALKTNTES
| Q4 25 | $362.0M | — | ||
| Q3 25 | $350.1M | $160.8B | ||
| Q2 25 | $344.0M | $154.0B | ||
| Q1 25 | $334.0M | $147.8B | ||
| Q4 24 | $357.0M | — | ||
| Q3 24 | $338.5M | $135.6B | ||
| Q2 24 | $327.2M | $134.2B | ||
| Q1 24 | $322.9M | $130.5B |
总资产ALKTNTES
| Q4 25 | $847.2M | — | ||
| Q3 25 | $835.2M | $214.5B | ||
| Q2 25 | $840.4M | $208.5B | ||
| Q1 25 | $837.2M | $200.9B | ||
| Q4 24 | $437.3M | — | ||
| Q3 24 | $422.2M | $184.9B | ||
| Q2 24 | $403.9M | $183.3B | ||
| Q1 24 | $397.6M | $195.1B |
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 | $16.6M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $16.2M | $1.8B |
| 自由现金流率自由现金流/营收 | 13.4% | 44.7% |
| 资本支出强度资本支出/营收 | 0.3% | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.47× |
| 过去12个月自由现金流最近4个季度 | $41.4M | $6.3B |
8季度趋势，按日历期对齐
经营现金流ALKTNTES
| Q4 25 | $16.6M | — | ||
| Q3 25 | $30.8M | $1.8B | ||
| Q2 25 | $1.2M | $1.5B | ||
| Q1 25 | $-5.7M | $1.7B | ||
| Q4 24 | $6.1M | — | ||
| Q3 24 | $11.0M | $1.5B | ||
| Q2 24 | $548.0K | $898.8M | ||
| Q1 24 | $951.0K | $1.3B |
自由现金流ALKTNTES
| Q4 25 | $16.2M | — | ||
| Q3 25 | $30.5M | $1.8B | ||
| Q2 25 | $760.0K | $1.5B | ||
| Q1 25 | $-6.1M | $1.6B | ||
| Q4 24 | $6.0M | — | ||
| Q3 24 | $10.7M | $1.5B | ||
| Q2 24 | $123.0K | $875.6M | ||
| Q1 24 | $645.0K | $1.3B |
自由现金流率ALKTNTES
| Q4 25 | 13.4% | — | ||
| Q3 25 | 27.0% | 44.7% | ||
| Q2 25 | 0.7% | 38.3% | ||
| Q1 25 | -6.3% | 40.4% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 12.4% | 38.9% | ||
| Q2 24 | 0.1% | 25.0% | ||
| Q1 24 | 0.8% | 34.0% |
资本支出强度ALKTNTES
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | 1.0% | ||
| Q2 25 | 0.4% | 0.7% | ||
| Q1 25 | 0.5% | 1.6% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.4% | 1.4% | ||
| Q2 24 | 0.5% | 0.7% | ||
| Q1 24 | 0.4% | 1.5% |
现金转化率ALKTNTES
| Q4 25 | — | — | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.58× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 1.22× |
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
ALKT
| Saa S Subscription Services | $115.1M | 95% |
| Implementation Services | $3.6M | 3% |
| Service Other | $2.1M | 2% |
NTES
| Games and related value-added services | $3.3B | 82% |
| NetEase Cloud Music | $275.9M | 7% |
| Youdao | $228.8M | 6% |
| Innovative businesses and others | $202.1M | 5% |
