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ALKAMI TECHNOLOGY, INC.（ALKT）与SHOPIFY INC.（SHOP）财务数据对比。点击上方公司名可切换其他公司
SHOPIFY INC.的季度营收约是ALKAMI TECHNOLOGY, INC.的30.4倍（$3.7B vs $120.8M）。ALKAMI TECHNOLOGY, INC.同比增速更快（34.7% vs 30.6%）。SHOPIFY INC.自由现金流更多（$715.0M vs $16.2M）。过去两年SHOPIFY INC.的营收复合增速更高（40.5% vs 26.0%）
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。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
ALKT vs SHOP — 直观对比
营收规模更大
SHOP
是对方的30.4倍
$120.8M
营收增速更快
ALKT
高出4.1%
30.6%
自由现金流更多
SHOP
多$698.8M
$16.2M
两年增速更快
SHOP
近两年复合增速
26.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $120.8M | $3.7B |
| 净利润 | — | $743.0M |
| 毛利率 | 57.2% | 46.1% |
| 营业利润率 | -7.9% | 17.2% |
| 净利率 | — | 20.2% |
| 营收同比 | 34.7% | 30.6% |
| 净利润同比 | — | -42.5% |
| 每股收益（稀释后） | $-0.11 | $0.58 |
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ALKTSHOP
| Q4 25 | $120.8M | $3.7B | ||
| Q3 25 | $113.0M | $2.8B | ||
| Q2 25 | $112.1M | $2.7B | ||
| Q1 25 | $97.8M | $2.4B | ||
| Q4 24 | $89.7M | $2.8B | ||
| Q3 24 | $85.9M | $2.2B | ||
| Q2 24 | $82.2M | $2.0B | ||
| Q1 24 | $76.1M | $1.9B |
净利润ALKTSHOP
| Q4 25 | — | $743.0M | ||
| Q3 25 | $-14.8M | $264.0M | ||
| Q2 25 | $-13.6M | $906.0M | ||
| Q1 25 | — | $-682.0M | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $-9.4M | $828.0M | ||
| Q2 24 | $-12.3M | $171.0M | ||
| Q1 24 | — | $-273.0M |
毛利率ALKTSHOP
| Q4 25 | 57.2% | 46.1% | ||
| Q3 25 | 56.8% | 48.9% | ||
| Q2 25 | 58.6% | 48.6% | ||
| Q1 25 | 59.0% | 49.5% | ||
| Q4 24 | 59.3% | 48.1% | ||
| Q3 24 | 58.9% | 51.7% | ||
| Q2 24 | 59.4% | 51.1% | ||
| Q1 24 | 57.8% | 51.4% |
营业利润率ALKTSHOP
| Q4 25 | -7.9% | 17.2% | ||
| Q3 25 | -11.4% | 12.1% | ||
| Q2 25 | -14.2% | 10.9% | ||
| Q1 25 | -15.7% | 8.6% | ||
| Q4 24 | -9.6% | 16.5% | ||
| Q3 24 | -12.1% | 13.1% | ||
| Q2 24 | -16.1% | 11.8% | ||
| Q1 24 | -16.2% | 4.6% |
净利率ALKTSHOP
| Q4 25 | — | 20.2% | ||
| Q3 25 | -13.1% | 9.3% | ||
| Q2 25 | -12.1% | 33.8% | ||
| Q1 25 | — | -28.9% | ||
| Q4 24 | — | 46.0% | ||
| Q3 24 | -11.0% | 38.3% | ||
| Q2 24 | -15.0% | 8.4% | ||
| Q1 24 | — | -14.7% |
每股收益（稀释后）ALKTSHOP
| Q4 25 | $-0.11 | $0.58 | ||
| Q3 25 | $-0.14 | $0.20 | ||
| Q2 25 | $-0.13 | $0.69 | ||
| Q1 25 | $-0.08 | $-0.53 | ||
| Q4 24 | $-0.07 | $0.99 | ||
| Q3 24 | $-0.09 | $0.64 | ||
| Q2 24 | $-0.13 | $0.13 | ||
| Q1 24 | $-0.12 | $-0.21 |
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 | $5.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $362.0M | $13.5B |
| 总资产 | $847.2M | $15.2B |
| 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ALKTSHOP
| Q4 25 | $63.5M | $5.8B | ||
| Q3 25 | $57.3M | $6.3B | ||
| Q2 25 | $52.4M | $5.8B | ||
| Q1 25 | $61.7M | $5.5B | ||
| Q4 24 | $94.4M | $5.5B | ||
| Q3 24 | $81.0M | — | ||
| Q2 24 | $61.4M | — | ||
| Q1 24 | $44.2M | — |
股东权益ALKTSHOP
| Q4 25 | $362.0M | $13.5B | ||
| Q3 25 | $350.1M | $12.5B | ||
| Q2 25 | $344.0M | $12.1B | ||
| Q1 25 | $334.0M | $11.1B | ||
| Q4 24 | $357.0M | $11.6B | ||
| Q3 24 | $338.5M | $10.1B | ||
| Q2 24 | $327.2M | $9.2B | ||
| Q1 24 | $322.9M | $8.9B |
总资产ALKTSHOP
| Q4 25 | $847.2M | $15.2B | ||
| Q3 25 | $835.2M | $15.0B | ||
| Q2 25 | $840.4M | $14.6B | ||
| Q1 25 | $837.2M | $13.4B | ||
| Q4 24 | $437.3M | $13.9B | ||
| Q3 24 | $422.2M | — | ||
| Q2 24 | $403.9M | — | ||
| Q1 24 | $397.6M | — |
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 | $725.0M |
| 自由现金流经营现金流 - 资本支出 | $16.2M | $715.0M |
| 自由现金流率自由现金流/营收 | 13.4% | 19.5% |
| 资本支出强度资本支出/营收 | 0.3% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 0.98× |
| 过去12个月自由现金流最近4个季度 | $41.4M | $2.0B |
8季度趋势，按日历期对齐
经营现金流ALKTSHOP
| Q4 25 | $16.6M | $725.0M | ||
| Q3 25 | $30.8M | $513.0M | ||
| Q2 25 | $1.2M | $428.0M | ||
| Q1 25 | $-5.7M | $367.0M | ||
| Q4 24 | $6.1M | $615.0M | ||
| Q3 24 | $11.0M | $423.0M | ||
| Q2 24 | $548.0K | $340.0M | ||
| Q1 24 | $951.0K | $238.0M |
自由现金流ALKTSHOP
| Q4 25 | $16.2M | $715.0M | ||
| Q3 25 | $30.5M | $507.0M | ||
| Q2 25 | $760.0K | $422.0M | ||
| Q1 25 | $-6.1M | $363.0M | ||
| Q4 24 | $6.0M | $611.0M | ||
| Q3 24 | $10.7M | $421.0M | ||
| Q2 24 | $123.0K | $333.0M | ||
| Q1 24 | $645.0K | $232.0M |
自由现金流率ALKTSHOP
| Q4 25 | 13.4% | 19.5% | ||
| Q3 25 | 27.0% | 17.8% | ||
| Q2 25 | 0.7% | 15.7% | ||
| Q1 25 | -6.3% | 15.4% | ||
| Q4 24 | 6.6% | 21.7% | ||
| Q3 24 | 12.4% | 19.5% | ||
| Q2 24 | 0.1% | 16.3% | ||
| Q1 24 | 0.8% | 12.5% |
资本支出强度ALKTSHOP
| Q4 25 | 0.3% | 0.3% | ||
| Q3 25 | 0.2% | 0.2% | ||
| Q2 25 | 0.4% | 0.2% | ||
| Q1 25 | 0.5% | 0.2% | ||
| Q4 24 | 0.2% | 0.1% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.5% | 0.3% | ||
| Q1 24 | 0.4% | 0.3% |
现金转化率ALKTSHOP
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 1.94× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 1.99× | ||
| 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
ALKT
| Saa S Subscription Services | $115.1M | 95% |
| Implementation Services | $3.6M | 3% |
| Service Other | $2.1M | 2% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
