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Apellis Pharmaceuticals, Inc.（APLS）与Bumble Inc.（BMBL）财务数据对比。点击上方公司名可切换其他公司
Bumble Inc.的季度营收约是Apellis Pharmaceuticals, Inc.的1.1倍（$224.2M vs $199.9M），Apellis Pharmaceuticals, Inc.净利率更高（-29.5% vs -218.7%，领先189.2%），Apellis Pharmaceuticals, Inc.同比增速更快（-5.9% vs -14.3%），过去两年Apellis Pharmaceuticals, Inc.的营收复合增速更高（7.7% vs -8.5%）
Apellis Pharmaceuticals是一家临床阶段生物制药企业，专注于开发调节补体系统的靶向疗法，适应症覆盖年龄相关性黄斑变性继发地图样萎缩等眼科疾病、罕见血液病及自身免疫性疾病，核心市场为美国及欧盟地区。
Bumble是一款主打在线交友与社交的移动应用，由惠特尼·沃尔夫·赫德创立，于2014年12月正式推出，目前由Bumble Inc.运营，该集团同时拥有知名交友平台Badoo。
APLS vs BMBL — 直观对比
营收规模更大
BMBL
是对方的1.1倍
$199.9M
营收增速更快
APLS
高出8.4%
-14.3%
净利率更高
APLS
高出189.2%
-218.7%
两年增速更快
APLS
近两年复合增速
-8.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $224.2M |
| 净利润 | $-59.0M | $-490.2M |
| 毛利率 | — | 71.2% |
| 营业利润率 | -25.6% | -256.8% |
| 净利率 | -29.5% | -218.7% |
| 营收同比 | -5.9% | -14.3% |
| 净利润同比 | -62.2% | -11829.5% |
| 每股收益（稀释后） | $-0.40 | $-3.96 |
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APLSBMBL
| Q4 25 | $199.9M | $224.2M | ||
| Q3 25 | $458.6M | $246.2M | ||
| Q2 25 | $178.5M | $248.2M | ||
| Q1 25 | $166.8M | $247.1M | ||
| Q4 24 | $212.5M | $261.6M | ||
| Q3 24 | $196.8M | $273.6M | ||
| Q2 24 | $199.7M | $268.6M | ||
| Q1 24 | $172.3M | $267.8M |
净利润APLSBMBL
| Q4 25 | $-59.0M | $-490.2M | ||
| Q3 25 | $215.7M | $37.3M | ||
| Q2 25 | $-42.2M | $-253.7M | ||
| Q1 25 | $-92.2M | $13.4M | ||
| Q4 24 | $-36.4M | $4.2M | ||
| Q3 24 | $-57.4M | $-613.2M | ||
| Q2 24 | $-37.7M | $27.4M | ||
| Q1 24 | $-66.4M | $24.6M |
毛利率APLSBMBL
| Q4 25 | — | 71.2% | ||
| Q3 25 | — | 71.9% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 70.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 99.1% |
营业利润率APLSBMBL
| Q4 25 | -25.6% | -256.8% | ||
| Q3 25 | 48.7% | 25.9% | ||
| Q2 25 | -18.6% | -136.3% | ||
| Q1 25 | -50.0% | 18.1% | ||
| Q4 24 | -12.3% | 14.1% | ||
| Q3 24 | -24.0% | -306.3% | ||
| Q2 24 | -14.7% | 19.3% | ||
| Q1 24 | -36.0% | 18.2% |
净利率APLSBMBL
| Q4 25 | -29.5% | -218.7% | ||
| Q3 25 | 47.0% | 15.2% | ||
| Q2 25 | -23.6% | -102.2% | ||
| Q1 25 | -55.3% | 5.4% | ||
| Q4 24 | -17.1% | 1.6% | ||
| Q3 24 | -29.2% | -224.1% | ||
| Q2 24 | -18.9% | 10.2% | ||
| Q1 24 | -38.5% | 9.2% |
每股收益（稀释后）APLSBMBL
| Q4 25 | $-0.40 | $-3.96 | ||
| Q3 25 | $1.67 | $0.33 | ||
| Q2 25 | $-0.33 | $-2.45 | ||
| Q1 25 | $-0.74 | $0.13 | ||
| Q4 24 | $-0.30 | $0.09 | ||
| Q3 24 | $-0.46 | $-5.11 | ||
| Q2 24 | $-0.30 | $0.22 | ||
| Q1 24 | $-0.54 | $0.19 |
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 | $466.2M | $175.8M |
| 总债务越低越好 | — | $590.6M |
| 股东权益账面价值 | $370.1M | $570.0M |
| 总资产 | $1.1B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资APLSBMBL
| Q4 25 | $466.2M | $175.8M | ||
| Q3 25 | $479.2M | $307.9M | ||
| Q2 25 | $370.0M | $261.7M | ||
| Q1 25 | $358.4M | $202.2M | ||
| Q4 24 | $411.3M | $204.3M | ||
| Q3 24 | $396.9M | $252.1M | ||
| Q2 24 | $360.1M | $286.7M | ||
| Q1 24 | $325.9M | $262.7M |
总债务APLSBMBL
| Q4 25 | — | $590.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $621.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $93.1M | — |
股东权益APLSBMBL
| Q4 25 | $370.1M | $570.0M | ||
| Q3 25 | $401.2M | $675.5M | ||
| Q2 25 | $156.3M | $577.6M | ||
| Q1 25 | $164.2M | $814.5M | ||
| Q4 24 | $228.5M | $824.5M | ||
| Q3 24 | $237.1M | $852.6M | ||
| Q2 24 | $264.3M | $1.7B | ||
| Q1 24 | $266.7M | $1.6B |
总资产APLSBMBL
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $821.4M | $2.2B | ||
| Q1 25 | $807.3M | $2.5B | ||
| Q4 24 | $885.1M | $2.5B | ||
| Q3 24 | $901.9M | $2.6B | ||
| Q2 24 | $904.5M | $3.5B | ||
| Q1 24 | $831.9M | $3.5B |
负债/权益比APLSBMBL
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.35× | — |
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 | $-14.2M | $59.1M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | — |
| 自由现金流率自由现金流/营收 | -7.1% | — |
| 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 | $45.0M | — |
8季度趋势，按日历期对齐
经营现金流APLSBMBL
| Q4 25 | $-14.2M | $59.1M | ||
| Q3 25 | $108.5M | $76.8M | ||
| Q2 25 | $4.4M | $71.2M | ||
| Q1 25 | $-53.4M | $43.2M | ||
| Q4 24 | $19.4M | $-5.4M | ||
| Q3 24 | $34.1M | $93.5M | ||
| Q2 24 | $-8.3M | $32.9M | ||
| Q1 24 | $-133.0M | $2.4M |
自由现金流APLSBMBL
| Q4 25 | $-14.3M | — | ||
| Q3 25 | $108.3M | — | ||
| Q2 25 | $4.4M | — | ||
| Q1 25 | $-53.4M | — | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-8.4M | — | ||
| Q1 24 | $-133.3M | — |
自由现金流率APLSBMBL
| Q4 25 | -7.1% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | -32.0% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.2% | — | ||
| Q1 24 | -77.3% | — |
资本支出强度APLSBMBL
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.2% | — |
现金转化率APLSBMBL
| Q4 25 | — | — | ||
| Q3 25 | 0.50× | 2.06× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.22× | ||
| Q4 24 | — | -1.29× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 0.10× |
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
APLS
| Syfovre | $155.2M | 78% |
| Empaveli Pegcetacoplan | $35.1M | 18% |
| Licensing And Other Revenue | $9.6M | 5% |
BMBL
| Bumble App | $181.0M | 81% |
| Badoo App And Other | $43.2M | 19% |
