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AppLovin Corp（APP）与Blend Labs, Inc.（BLND）财务数据对比。点击上方公司名可切换其他公司
AppLovin Corp的季度营收约是Blend Labs, Inc.的41.1倍（$1.3B vs $32.4M）。AppLovin Corp净利率更高（82.7% vs -7.8%，领先90.5%）。Blend Labs, Inc.同比增速更快（7.6% vs -2.9%）。过去两年Blend Labs, Inc.的营收复合增速更高（16.6% vs 12.2%）
AppLovin是总部位于美国加利福尼亚州帕洛阿尔托的移动科技公司，成立于2012年，旗下拥有SSP MAX、DSP AppDiscovery营销平台及SparkLabs创意工作室，可为开发者提供应用推广、变现、分析及发行服务，同时也对多家移动游戏发行商开展投资。
GU Energy Labs是一家总部位于美国加利福尼亚州伯克利的运动营养产品生产商，核心产品为深受耐力运动爱好者青睐的能量胶，可在各类运动中快速易消化吸收。此外品牌还推出能量咀嚼糖、冲调饮品、补水片、 stroopwafel荷蘭焦糖煎餅以及Roctane系列产品，涵盖能量冲饮、蛋白恢复冲饮、能量胶和胶囊等，公司于1994年由比尔·沃恩创立。
APP vs BLND — 直观对比
营收规模更大
APP
是对方的41.1倍
$32.4M
营收增速更快
BLND
高出10.5%
-2.9%
净利率更高
APP
高出90.5%
-7.8%
两年增速更快
BLND
近两年复合增速
12.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $32.4M |
| 净利润 | $1.1B | $-2.5M |
| 毛利率 | 95.2% | 75.7% |
| 营业利润率 | — | -11.1% |
| 净利率 | 82.7% | -7.8% |
| 营收同比 | -2.9% | 7.6% |
| 净利润同比 | 84.0% | -207.0% |
| 每股收益（稀释后） | $3.24 | — |
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APPBLND
| Q4 25 | $1.3B | $32.4M | ||
| Q3 25 | $1.4B | $32.7M | ||
| Q2 25 | $1.3B | $31.6M | ||
| Q1 25 | $1.5B | $26.8M | ||
| Q4 24 | $1.4B | $30.1M | ||
| Q3 24 | $1.2B | $33.1M | ||
| Q2 24 | $1.1B | $28.7M | ||
| Q1 24 | $1.1B | $23.8M |
净利润APPBLND
| Q4 25 | $1.1B | $-2.5M | ||
| Q3 25 | $835.5M | $12.1M | ||
| Q2 25 | $819.5M | $-6.8M | ||
| Q1 25 | $576.4M | $-9.5M | ||
| Q4 24 | $599.2M | $-825.0K | ||
| Q3 24 | $434.4M | $-2.4M | ||
| Q2 24 | $310.0M | $-19.4M | ||
| Q1 24 | $236.2M | $-20.7M |
毛利率APPBLND
| Q4 25 | 95.2% | 75.7% | ||
| Q3 25 | 87.6% | 74.3% | ||
| Q2 25 | 87.7% | 73.8% | ||
| Q1 25 | 81.7% | 70.8% | ||
| Q4 24 | 76.7% | 74.2% | ||
| Q3 24 | 77.5% | 74.0% | ||
| Q2 24 | 73.8% | 70.9% | ||
| Q1 24 | 72.2% | 67.3% |
营业利润率APPBLND
| Q4 25 | — | -11.1% | ||
| Q3 25 | 76.8% | -16.4% | ||
| Q2 25 | 76.1% | -15.3% | ||
| Q1 25 | 44.7% | -29.7% | ||
| Q4 24 | 44.3% | -10.9% | ||
| Q3 24 | 44.6% | -34.1% | ||
| Q2 24 | 36.2% | -45.5% | ||
| Q1 24 | 32.1% | -89.0% |
净利率APPBLND
| Q4 25 | 82.7% | -7.8% | ||
| Q3 25 | 59.5% | 37.0% | ||
| Q2 25 | 65.1% | -21.6% | ||
| Q1 25 | 38.8% | -35.5% | ||
| Q4 24 | 43.6% | -2.7% | ||
| Q3 24 | 36.3% | -7.4% | ||
| Q2 24 | 28.7% | -67.6% | ||
| Q1 24 | 22.3% | -86.7% |
每股收益（稀释后）APPBLND
| Q4 25 | $3.24 | — | ||
| Q3 25 | $2.45 | $0.02 | ||
| Q2 25 | $2.39 | — | ||
| Q1 25 | $1.67 | — | ||
| Q4 24 | $1.72 | $-0.03 | ||
| Q3 24 | $1.25 | $-0.03 | ||
| Q2 24 | $0.89 | $-0.09 | ||
| Q1 24 | $0.67 | $-0.09 |
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 | $2.5B | $68.3M |
| 总债务越低越好 | $3.5B | $0 |
| 股东权益账面价值 | $2.1B | $-30.5M |
| 总资产 | $7.3B | $170.0M |
| 负债/权益比越低杠杆越低 | 1.65× | — |
8季度趋势，按日历期对齐
现金及短期投资APPBLND
| Q4 25 | $2.5B | $68.3M | ||
| Q3 25 | $1.7B | $77.3M | ||
| Q2 25 | $1.2B | $88.3M | ||
| Q1 25 | $551.0M | $104.8M | ||
| Q4 24 | $741.4M | $94.2M | ||
| Q3 24 | $567.6M | $112.3M | ||
| Q2 24 | $460.4M | $108.9M | ||
| Q1 24 | $436.3M | $121.1M |
总债务APPBLND
| Q4 25 | $3.5B | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $3.5B | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $138.9M |
股东权益APPBLND
| Q4 25 | $2.1B | $-30.5M | ||
| Q3 25 | $1.5B | $-13.4M | ||
| Q2 25 | $1.2B | $-23.1M | ||
| Q1 25 | $575.4M | $-17.2M | ||
| Q4 24 | $1.1B | $-56.4M | ||
| Q3 24 | $938.2M | $-49.6M | ||
| Q2 24 | $814.8M | $-45.5M | ||
| Q1 24 | $760.2M | $-35.8M |
总资产APPBLND
| Q4 25 | $7.3B | $170.0M | ||
| Q3 25 | $6.3B | $188.6M | ||
| Q2 25 | $6.0B | $182.2M | ||
| Q1 25 | $5.7B | $187.5M | ||
| Q4 24 | $5.9B | $178.1M | ||
| Q3 24 | $5.4B | $186.1M | ||
| Q2 24 | $5.3B | $185.4M | ||
| Q1 24 | $5.3B | $201.8M |
负债/权益比APPBLND
| Q4 25 | 1.65× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.22× | — | ||
| 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 | $1.3B | $1.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-21.0K |
| 自由现金流率自由现金流/营收 | — | -0.1% |
| 资本支出强度资本支出/营收 | — | 4.8% |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 过去12个月自由现金流最近4个季度 | — | $-81.0K |
8季度趋势，按日历期对齐
经营现金流APPBLND
| Q4 25 | $1.3B | $1.5M | ||
| Q3 25 | $1.1B | $-3.6M | ||
| Q2 25 | $772.2M | $-6.5M | ||
| Q1 25 | $831.7M | $20.1M | ||
| Q4 24 | $701.0M | $-4.6M | ||
| Q3 24 | $550.7M | $2.1M | ||
| Q2 24 | $454.5M | $-6.7M | ||
| Q1 24 | $392.8M | $-3.9M |
自由现金流APPBLND
| Q4 25 | — | $-21.0K | ||
| Q3 25 | — | $-5.8M | ||
| Q2 25 | — | $-10.1M | ||
| Q1 25 | — | $15.8M | ||
| Q4 24 | — | $-7.1M | ||
| Q3 24 | — | $-1.4M | ||
| Q2 24 | — | $-8.5M | ||
| Q1 24 | — | $-5.8M |
自由现金流率APPBLND
| Q4 25 | — | -0.1% | ||
| Q3 25 | — | -17.6% | ||
| Q2 25 | — | -31.9% | ||
| Q1 25 | — | 58.9% | ||
| Q4 24 | — | -23.5% | ||
| Q3 24 | — | -4.1% | ||
| Q2 24 | — | -29.7% | ||
| Q1 24 | — | -24.5% |
资本支出强度APPBLND
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | — | 16.1% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 8.2% |
现金转化率APPBLND
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.26× | -0.30× | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.47× | — | ||
| Q1 24 | 1.66× | — |
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
APP
暂无分部数据
BLND
| Mortgage Suite | $18.9M | 58% |
| Consumer Banking Suite | $11.4M | 35% |
| Professional Services | $2.1M | 6% |
