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Digital Turbine, Inc.（APPS）与Ultragenyx Pharmaceutical Inc.（RARE）财务数据对比。点击上方公司名可切换其他公司
Ultragenyx Pharmaceutical Inc.的季度营收约是Digital Turbine, Inc.的1.4倍（$207.3M vs $151.4M），Digital Turbine, Inc.净利率更高（3.4% vs -62.0%，领先65.4%），Ultragenyx Pharmaceutical Inc.同比增速更快（25.9% vs 12.4%），过去两年Ultragenyx Pharmaceutical Inc.的营收复合增速更高（38.0% vs 16.2%）
Digital Turbine是一家全球移动广告科技企业，为移动运营商、设备厂商及应用开发者提供端到端的应用变现、用户获取和定向广告解决方案，业务覆盖北美、欧洲、亚太地区，服务电信、移动科技、消费应用等多个核心领域。
Ultragenyx Pharmaceutical Inc.是一家总部位于美国的生物制药企业，专注于研发罕见病和超罕见遗传病的创新治疗方案，这类疾病目前大多无获批疗法，存在大量未被满足的临床需求。公司覆盖生物制剂、小分子药物、基因疗法、反义寡核苷酸及mRNA等多种药物技术平台，研发管线涵盖骨骼、内分泌、代谢、肌肉及中枢神经系统疾病领域。
APPS vs RARE — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $151.4M | $207.3M |
| 净利润 | $5.1M | $-128.6M |
| 毛利率 | 57.4% | — |
| 营业利润率 | 14.3% | -54.7% |
| 净利率 | 3.4% | -62.0% |
| 营收同比 | 12.4% | 25.9% |
| 净利润同比 | 122.1% | 3.5% |
| 每股收益（稀释后） | $0.03 | $-1.28 |
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
| Q4 25 | $151.4M | $207.3M | ||
| Q3 25 | $140.4M | $159.9M | ||
| Q2 25 | $130.9M | $166.5M | ||
| Q1 25 | $119.2M | $139.3M | ||
| Q4 24 | $134.6M | $164.6M | ||
| Q3 24 | $118.7M | $139.5M | ||
| Q2 24 | $118.0M | $147.0M | ||
| Q1 24 | $112.2M | $108.8M |
| Q4 25 | $5.1M | $-128.6M | ||
| Q3 25 | $-21.4M | $-180.4M | ||
| Q2 25 | $-14.1M | $-115.0M | ||
| Q1 25 | $-18.8M | $-151.1M | ||
| Q4 24 | $-23.1M | $-133.2M | ||
| Q3 24 | $-25.0M | $-133.5M | ||
| Q2 24 | $-25.2M | $-131.6M | ||
| Q1 24 | $-236.5M | $-170.7M |
| Q4 25 | 57.4% | — | ||
| Q3 25 | 55.1% | — | ||
| Q2 25 | 55.6% | — | ||
| Q1 25 | 55.4% | — | ||
| Q4 24 | 48.0% | — | ||
| Q3 24 | 52.6% | — | ||
| Q2 24 | 52.7% | — | ||
| Q1 24 | 52.3% | — |
| Q4 25 | 14.3% | -54.7% | ||
| Q3 25 | 4.7% | -106.9% | ||
| Q2 25 | -3.6% | -64.8% | ||
| Q1 25 | -9.8% | -102.6% | ||
| Q4 24 | -9.5% | -74.3% | ||
| Q3 24 | -11.4% | -94.6% | ||
| Q2 24 | -13.6% | -79.1% | ||
| Q1 24 | -185.2% | -151.9% |
| Q4 25 | 3.4% | -62.0% | ||
| Q3 25 | -15.2% | -112.8% | ||
| Q2 25 | -10.8% | -69.0% | ||
| Q1 25 | -15.8% | -108.5% | ||
| Q4 24 | -17.2% | -80.9% | ||
| Q3 24 | -21.0% | -95.7% | ||
| Q2 24 | -21.3% | -89.5% | ||
| Q1 24 | -210.7% | -156.8% |
| Q4 25 | $0.03 | $-1.28 | ||
| Q3 25 | $-0.20 | $-1.81 | ||
| Q2 25 | $-0.13 | $-1.17 | ||
| Q1 25 | $-0.18 | $-1.57 | ||
| Q4 24 | $-0.22 | $-1.34 | ||
| Q3 24 | $-0.24 | $-1.40 | ||
| Q2 24 | $-0.25 | $-1.52 | ||
| Q1 24 | $-2.33 | $-2.03 |
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 | $40.2M | $421.0M |
| 总债务越低越好 | $355.0M | — |
| 股东权益账面价值 | $194.6M | $-80.0M |
| 总资产 | $858.2M | $1.5B |
| 负债/权益比越低杠杆越低 | 1.82× | — |
8季度趋势，按日历期对齐
| Q4 25 | $40.2M | $421.0M | ||
| Q3 25 | $38.8M | $202.5M | ||
| Q2 25 | $33.4M | $176.3M | ||
| Q1 25 | $39.4M | $127.1M | ||
| Q4 24 | $34.6M | $174.0M | ||
| Q3 24 | $32.1M | $150.6M | ||
| Q2 24 | $35.0M | $480.7M | ||
| Q1 24 | $32.9M | $112.3M |
| Q4 25 | $355.0M | — | ||
| Q3 25 | $396.4M | — | ||
| Q2 25 | $400.5M | — | ||
| Q1 25 | $408.7M | — | ||
| Q4 24 | $408.2M | — | ||
| Q3 24 | $407.6M | — | ||
| Q2 24 | $393.8M | — | ||
| Q1 24 | $383.5M | — |
| Q4 25 | $194.6M | $-80.0M | ||
| Q3 25 | $148.1M | $9.2M | ||
| Q2 25 | $152.3M | $151.3M | ||
| Q1 25 | $154.0M | $144.2M | ||
| Q4 24 | $163.6M | $255.0M | ||
| Q3 24 | $182.4M | $346.8M | ||
| Q2 24 | $196.0M | $432.4M | ||
| Q1 24 | $213.9M | $140.3M |
| Q4 25 | $858.2M | $1.5B | ||
| Q3 25 | $818.7M | $1.2B | ||
| Q2 25 | $818.4M | $1.3B | ||
| Q1 25 | $812.9M | $1.3B | ||
| Q4 24 | $839.7M | $1.5B | ||
| Q3 24 | $844.5M | $1.5B | ||
| Q2 24 | $860.2M | $1.6B | ||
| Q1 24 | $865.5M | $1.3B |
| Q4 25 | 1.82× | — | ||
| Q3 25 | 2.68× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.65× | — | ||
| Q4 24 | 2.50× | — | ||
| Q3 24 | 2.24× | — | ||
| Q2 24 | 2.01× | — | ||
| Q1 24 | 1.79× | — |
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 | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-100.8M |
| 自由现金流率自由现金流/营收 | — | -48.6% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | 2.78× | — |
| 过去12个月自由现金流最近4个季度 | — | $-472.0M |
8季度趋势，按日历期对齐
| Q4 25 | $14.2M | $-99.8M | ||
| Q3 25 | $14.5M | $-91.4M | ||
| Q2 25 | $8.8M | $-108.3M | ||
| Q1 25 | $11.9M | $-166.5M | ||
| Q4 24 | $10.4M | $-79.3M | ||
| Q3 24 | $-8.7M | $-67.0M | ||
| Q2 24 | $-1.4M | $-77.0M | ||
| Q1 24 | $28.7M | $-190.7M |
| Q4 25 | — | $-100.8M | ||
| Q3 25 | — | $-92.7M | ||
| Q2 25 | — | $-110.7M | ||
| Q1 25 | — | $-167.8M | ||
| Q4 24 | — | $-79.5M | ||
| Q3 24 | — | $-68.6M | ||
| Q2 24 | — | $-79.0M | ||
| Q1 24 | — | $-193.9M |
| Q4 25 | — | -48.6% | ||
| Q3 25 | — | -58.0% | ||
| Q2 25 | — | -66.5% | ||
| Q1 25 | — | -120.5% | ||
| Q4 24 | — | -48.3% | ||
| Q3 24 | — | -49.2% | ||
| Q2 24 | — | -53.7% | ||
| Q1 24 | — | -178.2% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 3.0% |
| Q4 25 | 2.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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
APPS
| On Device Solutions | $99.6M | 66% |
| App Growth Platform | $52.6M | 35% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
