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APPIAN CORP（APPN）与LifeStance Health Group, Inc.（LFST）财务数据对比。点击上方公司名可切换其他公司
LifeStance Health Group, Inc.的季度营收约是APPIAN CORP的1.9倍（$382.2M vs $202.9M），LifeStance Health Group, Inc.净利率更高（3.1% vs -2.5%，领先5.6%），APPIAN CORP同比增速更快（21.7% vs 17.4%），LifeStance Health Group, Inc.自由现金流更多（$46.6M vs $270.0K），过去两年APPIAN CORP的营收复合增速更高（16.4% vs 12.8%）
Appian是总部位于美国弗吉尼亚州麦克莱恩的云计算与企业软件厂商，身处杜勒斯科技走廊产业带。公司提供平台即服务（PaaS）产品，支持企业级软件开发，业务覆盖北美、欧洲、中东及东南亚市场，深耕低代码开发、流程挖掘、业务流程管理和案例管理领域。
LifeStance Health Group是美国的门诊行为健康服务提供商，支持线下面诊与远程诊疗两种服务模式，业务涵盖心理咨询、精神科诊疗、经颅磁刺激（TMS）以及氯胺酮治疗等。该公司曾多次因劳动违规、客户信息泄露及误导投资者相关问题遭遇诉讼。
APPN vs LFST — 直观对比
营收规模更大
LFST
是对方的1.9倍
$202.9M
营收增速更快
APPN
高出4.3%
17.4%
净利率更高
LFST
高出5.6%
-2.5%
自由现金流更多
LFST
多$46.4M
$270.0K
两年增速更快
APPN
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $202.9M | $382.2M |
| 净利润 | $-5.1M | $11.7M |
| 毛利率 | 64.8% | — |
| 营业利润率 | -0.3% | 4.7% |
| 净利率 | -2.5% | 3.1% |
| 营收同比 | 21.7% | 17.4% |
| 净利润同比 | 62.6% | 264.1% |
| 每股收益（稀释后） | $-0.06 | — |
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APPNLFST
| Q4 25 | $202.9M | $382.2M | ||
| Q3 25 | $187.0M | $363.8M | ||
| Q2 25 | $170.6M | $345.3M | ||
| Q1 25 | $166.4M | $333.0M | ||
| Q4 24 | $166.7M | $325.5M | ||
| Q3 24 | $154.1M | $312.7M | ||
| Q2 24 | $146.4M | $312.3M | ||
| Q1 24 | $149.8M | $300.4M |
净利润APPNLFST
| Q4 25 | $-5.1M | $11.7M | ||
| Q3 25 | $7.8M | $1.1M | ||
| Q2 25 | $-312.0K | $-3.8M | ||
| Q1 25 | $-1.2M | $709.0K | ||
| Q4 24 | $-13.6M | $-7.1M | ||
| Q3 24 | $-2.1M | $-6.0M | ||
| Q2 24 | $-43.6M | $-23.3M | ||
| Q1 24 | $-32.9M | $-21.1M |
毛利率APPNLFST
| Q4 25 | 64.8% | — | ||
| Q3 25 | 75.8% | — | ||
| Q2 25 | 74.3% | — | ||
| Q1 25 | 76.6% | — | ||
| Q4 24 | 67.8% | — | ||
| Q3 24 | 75.9% | — | ||
| Q2 24 | 73.1% | — | ||
| Q1 24 | 74.6% | — |
营业利润率APPNLFST
| Q4 25 | -0.3% | 4.7% | ||
| Q3 25 | 7.0% | 2.0% | ||
| Q2 25 | -6.4% | -0.9% | ||
| Q1 25 | -0.5% | 0.5% | ||
| Q4 24 | 3.0% | 0.3% | ||
| Q3 24 | -4.6% | 0.0% | ||
| Q2 24 | -26.8% | -5.1% | ||
| Q1 24 | -13.0% | -5.6% |
净利率APPNLFST
| Q4 25 | -2.5% | 3.1% | ||
| Q3 25 | 4.2% | 0.3% | ||
| Q2 25 | -0.2% | -1.1% | ||
| Q1 25 | -0.7% | 0.2% | ||
| Q4 24 | -8.2% | -2.2% | ||
| Q3 24 | -1.4% | -1.9% | ||
| Q2 24 | -29.8% | -7.5% | ||
| Q1 24 | -22.0% | -7.0% |
每股收益（稀释后）APPNLFST
| Q4 25 | $-0.06 | — | ||
| Q3 25 | $0.10 | — | ||
| Q2 25 | $0.00 | — | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $-0.18 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $-0.60 | — | ||
| Q1 24 | $-0.45 | — |
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 | $187.2M | $248.6M |
| 总债务越低越好 | $240.8M | $282.8M |
| 股东权益账面价值 | $-47.0M | $1.5B |
| 总资产 | $691.4M | $2.2B |
| 负债/权益比越低杠杆越低 | — | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资APPNLFST
| Q4 25 | $187.2M | $248.6M | ||
| Q3 25 | $191.6M | $203.9M | ||
| Q2 25 | $184.8M | $188.9M | ||
| Q1 25 | $199.7M | $134.3M | ||
| Q4 24 | $159.9M | $154.6M | ||
| Q3 24 | $99.2M | $102.6M | ||
| Q2 24 | $120.8M | $87.0M | ||
| Q1 24 | $170.1M | $49.5M |
总债务APPNLFST
| Q4 25 | $240.8M | $282.8M | ||
| Q3 25 | $245.7M | $284.6M | ||
| Q2 25 | $245.6M | $286.4M | ||
| Q1 25 | $248.0M | $288.2M | ||
| Q4 24 | $250.4M | $290.0M | ||
| Q3 24 | $252.8M | $287.3M | ||
| Q2 24 | $254.0M | $288.0M | ||
| Q1 24 | $255.1M | $288.8M |
股东权益APPNLFST
| Q4 25 | $-47.0M | $1.5B | ||
| Q3 25 | $-48.5M | $1.5B | ||
| Q2 25 | $-53.7M | $1.5B | ||
| Q1 25 | $-31.7M | $1.5B | ||
| Q4 24 | $-32.6M | $1.4B | ||
| Q3 24 | $-49.8M | $1.4B | ||
| Q2 24 | $-45.7M | $1.4B | ||
| Q1 24 | $-9.7M | $1.4B |
总资产APPNLFST
| Q4 25 | $691.4M | $2.2B | ||
| Q3 25 | $611.7M | $2.1B | ||
| Q2 25 | $590.7M | $2.1B | ||
| Q1 25 | $592.9M | $2.1B | ||
| Q4 24 | $621.0M | $2.1B | ||
| Q3 24 | $549.9M | $2.1B | ||
| Q2 24 | $554.6M | $2.1B | ||
| Q1 24 | $595.4M | $2.1B |
负债/权益比APPNLFST
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 0.20× |
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 | $1.1M | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $270.0K | $46.6M |
| 自由现金流率自由现金流/营收 | 0.1% | 12.2% |
| 资本支出强度资本支出/营收 | 0.4% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 4.93× |
| 过去12个月自由现金流最近4个季度 | $59.6M | $110.0M |
8季度趋势，按日历期对齐
经营现金流APPNLFST
| Q4 25 | $1.1M | $57.6M | ||
| Q3 25 | $18.7M | $27.3M | ||
| Q2 25 | $-1.9M | $64.4M | ||
| Q1 25 | $45.0M | $-3.1M | ||
| Q4 24 | $13.9M | $62.3M | ||
| Q3 24 | $-8.2M | $22.7M | ||
| Q2 24 | $-17.6M | $44.1M | ||
| Q1 24 | $18.9M | $-21.8M |
自由现金流APPNLFST
| Q4 25 | $270.0K | $46.6M | ||
| Q3 25 | $18.1M | $17.0M | ||
| Q2 25 | $-3.1M | $56.6M | ||
| Q1 25 | $44.3M | $-10.3M | ||
| Q4 24 | $13.4M | $56.0M | ||
| Q3 24 | $-8.6M | $17.7M | ||
| Q2 24 | $-18.3M | $39.0M | ||
| Q1 24 | $16.7M | $-26.9M |
自由现金流率APPNLFST
| Q4 25 | 0.1% | 12.2% | ||
| Q3 25 | 9.7% | 4.7% | ||
| Q2 25 | -1.8% | 16.4% | ||
| Q1 25 | 26.6% | -3.1% | ||
| Q4 24 | 8.0% | 17.2% | ||
| Q3 24 | -5.6% | 5.7% | ||
| Q2 24 | -12.5% | 12.5% | ||
| Q1 24 | 11.1% | -9.0% |
资本支出强度APPNLFST
| Q4 25 | 0.4% | 2.9% | ||
| Q3 25 | 0.3% | 2.8% | ||
| Q2 25 | 0.7% | 2.2% | ||
| Q1 25 | 0.4% | 2.2% | ||
| Q4 24 | 0.3% | 1.9% | ||
| Q3 24 | 0.2% | 1.6% | ||
| Q2 24 | 0.5% | 1.6% | ||
| Q1 24 | 1.5% | 1.7% |
现金转化率APPNLFST
| Q4 25 | — | 4.93× | ||
| Q3 25 | 2.39× | 25.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.36× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
APPN
| Subscriptions Software And Support | $162.3M | 80% |
| Professional Services | $40.6M | 20% |
LFST
暂无分部数据
