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ALKAMI TECHNOLOGY, INC.（ALKT）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
ALKAMI TECHNOLOGY, INC.的季度营收约是Repay Holdings Corp的1.6倍（$126.1M vs $78.6M），ALKAMI TECHNOLOGY, INC.净利率更高（-7.9% vs -178.3%，领先170.4%），ALKAMI TECHNOLOGY, INC.同比增速更快（28.9% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $-7.4M），过去两年ALKAMI TECHNOLOGY, INC.的营收复合增速更高（23.9% vs -1.3%）
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。
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。
ALKT vs RPAY — 直观对比
营收规模更大
ALKT
是对方的1.6倍
$78.6M
营收增速更快
ALKT
高出28.5%
0.4%
净利率更高
ALKT
高出170.4%
-178.3%
自由现金流更多
RPAY
多$30.6M
$-7.4M
两年增速更快
ALKT
近两年复合增速
-1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $126.1M | $78.6M |
| 净利润 | $-10.0M | $-140.1M |
| 毛利率 | 58.6% | 74.2% |
| 营业利润率 | 36.9% | -182.2% |
| 净利率 | -7.9% | -178.3% |
| 营收同比 | 28.9% | 0.4% |
| 净利润同比 | -27.5% | -3304.1% |
| 每股收益（稀释后） | — | $-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ALKTRPAY
| Q1 26 | $126.1M | — | ||
| Q4 25 | $120.8M | $78.6M | ||
| Q3 25 | $113.0M | $77.7M | ||
| Q2 25 | $112.1M | $75.6M | ||
| Q1 25 | $97.8M | $77.3M | ||
| Q4 24 | $89.7M | $78.3M | ||
| Q3 24 | $85.9M | $79.1M | ||
| Q2 24 | $82.2M | $74.9M |
净利润ALKTRPAY
| Q1 26 | $-10.0M | — | ||
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $-14.8M | $-6.4M | ||
| Q2 25 | $-13.6M | $-102.3M | ||
| Q1 25 | — | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $-9.4M | $3.2M | ||
| Q2 24 | $-12.3M | $-4.1M |
毛利率ALKTRPAY
| Q1 26 | 58.6% | — | ||
| Q4 25 | 57.2% | 74.2% | ||
| Q3 25 | 56.8% | 74.4% | ||
| Q2 25 | 58.6% | 75.7% | ||
| Q1 25 | 59.0% | 75.9% | ||
| Q4 24 | 59.3% | 76.3% | ||
| Q3 24 | 58.9% | 77.8% | ||
| Q2 24 | 59.4% | 78.2% |
营业利润率ALKTRPAY
| Q1 26 | 36.9% | — | ||
| Q4 25 | -7.9% | -182.2% | ||
| Q3 25 | -11.4% | -3.9% | ||
| Q2 25 | -14.2% | -138.7% | ||
| Q1 25 | -15.7% | -4.7% | ||
| Q4 24 | -9.6% | -1.5% | ||
| Q3 24 | -12.1% | -0.9% | ||
| Q2 24 | -16.1% | -4.6% |
净利率ALKTRPAY
| Q1 26 | -7.9% | — | ||
| Q4 25 | — | -178.3% | ||
| Q3 25 | -13.1% | -8.3% | ||
| Q2 25 | -12.1% | -135.2% | ||
| Q1 25 | — | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | -11.0% | 4.1% | ||
| Q2 24 | -15.0% | -5.4% |
每股收益（稀释后）ALKTRPAY
| Q1 26 | — | — | ||
| Q4 25 | $-0.11 | $-1.68 | ||
| Q3 25 | $-0.14 | $-0.08 | ||
| Q2 25 | $-0.13 | $-1.15 | ||
| Q1 25 | $-0.08 | $-0.09 | ||
| Q4 24 | $-0.07 | $-0.04 | ||
| Q3 24 | $-0.09 | $0.03 | ||
| Q2 24 | $-0.13 | $-0.04 |
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 | $40.4M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $370.7M | $484.4M |
| 总资产 | $829.3M | $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ALKTRPAY
| Q1 26 | $40.4M | — | ||
| Q4 25 | $63.5M | $115.7M | ||
| Q3 25 | $57.3M | $95.7M | ||
| Q2 25 | $52.4M | $162.6M | ||
| Q1 25 | $61.7M | $165.5M | ||
| Q4 24 | $94.4M | $189.5M | ||
| Q3 24 | $81.0M | $168.7M | ||
| Q2 24 | $61.4M | $147.1M |
总债务ALKTRPAY
| Q1 26 | — | — | ||
| 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 |
股东权益ALKTRPAY
| Q1 26 | $370.7M | — | ||
| Q4 25 | $362.0M | $484.4M | ||
| Q3 25 | $350.1M | $616.9M | ||
| Q2 25 | $344.0M | $633.7M | ||
| Q1 25 | $334.0M | $755.7M | ||
| Q4 24 | $357.0M | $761.3M | ||
| Q3 24 | $338.5M | $754.7M | ||
| Q2 24 | $327.2M | $815.4M |
总资产ALKTRPAY
| Q1 26 | $829.3M | — | ||
| Q4 25 | $847.2M | $1.2B | ||
| Q3 25 | $835.2M | $1.3B | ||
| Q2 25 | $840.4M | $1.4B | ||
| Q1 25 | $837.2M | $1.5B | ||
| Q4 24 | $437.3M | $1.6B | ||
| Q3 24 | $422.2M | $1.6B | ||
| Q2 24 | $403.9M | $1.5B |
负债/权益比ALKTRPAY
| Q1 26 | — | — | ||
| 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× |
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 | $-4.8M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-7.4M | $23.2M |
| 自由现金流率自由现金流/营收 | -5.8% | 29.6% |
| 资本支出强度资本支出/营收 | — | 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 | $40.1M | $90.7M |
8季度趋势，按日历期对齐
经营现金流ALKTRPAY
| Q1 26 | $-4.8M | — | ||
| Q4 25 | $16.6M | $23.3M | ||
| Q3 25 | $30.8M | $32.2M | ||
| Q2 25 | $1.2M | $33.1M | ||
| Q1 25 | $-5.7M | $2.5M | ||
| Q4 24 | $6.1M | $34.3M | ||
| Q3 24 | $11.0M | $60.1M | ||
| Q2 24 | $548.0K | $31.0M |
自由现金流ALKTRPAY
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $16.2M | $23.2M | ||
| Q3 25 | $30.5M | $32.1M | ||
| Q2 25 | $760.0K | $33.0M | ||
| Q1 25 | $-6.1M | $2.4M | ||
| Q4 24 | $6.0M | $34.0M | ||
| Q3 24 | $10.7M | $59.8M | ||
| Q2 24 | $123.0K | $30.5M |
自由现金流率ALKTRPAY
| Q1 26 | -5.8% | — | ||
| Q4 25 | 13.4% | 29.6% | ||
| Q3 25 | 27.0% | 41.3% | ||
| Q2 25 | 0.7% | 43.6% | ||
| Q1 25 | -6.3% | 3.0% | ||
| Q4 24 | 6.6% | 43.5% | ||
| Q3 24 | 12.4% | 75.6% | ||
| Q2 24 | 0.1% | 40.7% |
资本支出强度ALKTRPAY
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 0.1% | ||
| Q3 25 | 0.2% | 0.2% | ||
| Q2 25 | 0.4% | 0.1% | ||
| Q1 25 | 0.5% | 0.2% | ||
| Q4 24 | 0.2% | 0.3% | ||
| Q3 24 | 0.4% | 0.3% | ||
| Q2 24 | 0.5% | 0.6% |
现金转化率ALKTRPAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 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
ALKT
暂无分部数据
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
