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Applied Digital Corp.（APLD）与Resolute Holdings Management, Inc.（RHLD）财务数据对比。点击上方公司名可切换其他公司
Applied Digital Corp.的季度营收约是Resolute Holdings Management, Inc.的1.1倍（$126.6M vs $117.7M），Resolute Holdings Management, Inc.净利率更高（-1.5% vs -11.4%，领先10.0%），Resolute Holdings Management, Inc.自由现金流更多（$189.2M vs $-567.9M）
BAE系统旗下的国际防务与安全技术企业，专注于提供数字化解决方案，支持客户快速开展数据驱动决策，服务覆盖执法机构、国家安全部门、政府单位、关键基础设施运营商、电信企业、军方及航天领域。
Resolute Holdings Management, Inc.是一家澳大利亚矿业企业，核心业务布局于非洲地区，目前运营两座金矿，分别为位于马里的 Syama 金矿和塞内加尔的 Mako 金矿，专注于黄金资源的勘探、开采及相关运营管理工作。
APLD vs RHLD — 直观对比
营收规模更大
APLD
是对方的1.1倍
$117.7M
净利率更高
RHLD
高出10.0%
-11.4%
自由现金流更多
RHLD
多$757.1M
$-567.9M
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $126.6M | $117.7M |
| 净利润 | $-14.4M | $-1.7M |
| 毛利率 | 20.6% | 55.7% |
| 营业利润率 | -24.5% | 30.2% |
| 净利率 | -11.4% | -1.5% |
| 营收同比 | 98.2% | — |
| 净利润同比 | 89.6% | — |
| 每股收益（稀释后） | $-0.07 | $-0.20 |
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APLDRHLD
| Q4 25 | $126.6M | $117.7M | ||
| Q3 25 | $64.2M | $120.9M | ||
| Q2 25 | $-33.3M | $119.6M | ||
| Q1 25 | $52.9M | $103.9M | ||
| Q4 24 | $63.9M | — | ||
| Q3 24 | $60.7M | — | ||
| Q2 24 | $43.7M | — | ||
| Q1 24 | $43.3M | — |
净利润APLDRHLD
| Q4 25 | $-14.4M | $-1.7M | ||
| Q3 25 | $-16.9M | $-231.0K | ||
| Q2 25 | $-52.5M | $-611.0K | ||
| Q1 25 | $-35.6M | $-3.4M | ||
| Q4 24 | $-138.7M | — | ||
| Q3 24 | $-4.2M | — | ||
| Q2 24 | $-64.5M | — | ||
| Q1 24 | $-62.8M | — |
毛利率APLDRHLD
| Q4 25 | 20.6% | 55.7% | ||
| Q3 25 | 13.4% | 59.0% | ||
| Q2 25 | — | 57.5% | ||
| Q1 25 | 7.1% | 52.5% | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | -0.6% | — | ||
| Q2 24 | -9.1% | — | ||
| Q1 24 | -8.6% | — |
营业利润率APLDRHLD
| Q4 25 | -24.5% | 30.2% | ||
| Q3 25 | -34.7% | 34.3% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | -35.8% | 24.7% | ||
| Q4 24 | -29.1% | — | ||
| Q3 24 | 15.6% | — | ||
| Q2 24 | -68.4% | — | ||
| Q1 24 | -128.8% | — |
净利率APLDRHLD
| Q4 25 | -11.4% | -1.5% | ||
| Q3 25 | -26.4% | -0.2% | ||
| Q2 25 | 157.8% | -0.5% | ||
| Q1 25 | -67.2% | -3.2% | ||
| Q4 24 | -217.2% | — | ||
| Q3 24 | -7.0% | — | ||
| Q2 24 | -147.5% | — | ||
| Q1 24 | -145.0% | — |
每股收益（稀释后）APLDRHLD
| Q4 25 | $-0.07 | $-0.20 | ||
| Q3 25 | $-0.07 | $-0.03 | ||
| Q2 25 | $-0.31 | $-0.07 | ||
| Q1 25 | $-0.16 | $-0.39 | ||
| Q4 24 | $-0.66 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $-0.57 | — | ||
| Q1 24 | $-0.52 | — |
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 | $1.9B | $205.5M |
| 总债务越低越好 | — | $169.8M |
| 股东权益账面价值 | $1.4B | $6.5M |
| 总资产 | $5.2B | $333.4M |
| 负债/权益比越低杠杆越低 | — | 26.03× |
8季度趋势，按日历期对齐
现金及短期投资APLDRHLD
| Q4 25 | $1.9B | $205.5M | ||
| Q3 25 | $73.9M | $148.0M | ||
| Q2 25 | $41.6M | $99.9M | ||
| Q1 25 | $68.7M | $71.0M | ||
| Q4 24 | $286.2M | — | ||
| Q3 24 | $58.2M | — | ||
| Q2 24 | $3.3M | — | ||
| Q1 24 | $4.4M | — |
总债务APLDRHLD
| Q4 25 | — | $169.8M | ||
| Q3 25 | — | $173.4M | ||
| Q2 25 | — | $177.1M | ||
| Q1 25 | — | $180.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益APLDRHLD
| Q4 25 | $1.4B | $6.5M | ||
| Q3 25 | $1.0B | $10.8M | ||
| Q2 25 | $497.7M | $9.6M | ||
| Q1 25 | $454.6M | $8.9M | ||
| Q4 24 | $434.6M | — | ||
| Q3 24 | $241.8M | — | ||
| Q2 24 | $124.8M | — | ||
| Q1 24 | $118.5M | — |
总资产APLDRHLD
| Q4 25 | $5.2B | $333.4M | ||
| Q3 25 | $2.4B | $293.2M | ||
| Q2 25 | $1.9B | $253.3M | ||
| Q1 25 | $1.7B | $214.3M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $937.7M | — | ||
| Q2 24 | $762.9M | — | ||
| Q1 24 | $643.2M | — |
负债/权益比APLDRHLD
| Q4 25 | — | 26.03× | ||
| Q3 25 | — | 16.01× | ||
| Q2 25 | — | 18.42× | ||
| Q1 25 | — | 20.38× | ||
| Q4 24 | — | — | ||
| 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 | $-15.8M | $196.1M |
| 自由现金流经营现金流 - 资本支出 | $-567.9M | $189.2M |
| 自由现金流率自由现金流/营收 | -448.6% | 160.8% |
| 资本支出强度资本支出/营收 | 436.1% | 5.8% |
| 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 | $-1.3B | $313.2M |
8季度趋势，按日历期对齐
经营现金流APLDRHLD
| Q4 25 | $-15.8M | $196.1M | ||
| Q3 25 | $-82.0M | $59.6M | ||
| Q2 25 | $6.9M | $48.9M | ||
| Q1 25 | $5.9M | $18.4M | ||
| Q4 24 | $-52.3M | — | ||
| Q3 24 | $-75.9M | — | ||
| Q2 24 | $-34.1M | — | ||
| Q1 24 | $38.8M | — |
自由现金流APLDRHLD
| Q4 25 | $-567.9M | $189.2M | ||
| Q3 25 | $-331.4M | $58.6M | ||
| Q2 25 | $-191.4M | $47.5M | ||
| Q1 25 | $-251.6M | $17.8M | ||
| Q4 24 | $-223.3M | — | ||
| Q3 24 | $-130.7M | — | ||
| Q2 24 | $-88.9M | — | ||
| Q1 24 | $-2.3M | — |
自由现金流率APLDRHLD
| Q4 25 | -448.6% | 160.8% | ||
| Q3 25 | -516.1% | 48.5% | ||
| Q2 25 | 574.8% | 39.7% | ||
| Q1 25 | -475.4% | 17.1% | ||
| Q4 24 | -349.6% | — | ||
| Q3 24 | -215.3% | — | ||
| Q2 24 | -203.5% | — | ||
| Q1 24 | -5.4% | — |
资本支出强度APLDRHLD
| Q4 25 | 436.1% | 5.8% | ||
| Q3 25 | 388.4% | 0.8% | ||
| Q2 25 | -595.4% | 1.2% | ||
| Q1 25 | 486.6% | 0.6% | ||
| Q4 24 | 267.8% | — | ||
| Q3 24 | 90.3% | — | ||
| Q2 24 | 125.4% | — | ||
| Q1 24 | 95.0% | — |
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
APLD
| HPC Hosting Business | $85.0M | 67% |
| Data Center Hosting Business | $41.6M | 33% |
RHLD
暂无分部数据
