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Digital Turbine, Inc.（APPS）与Repay Holdings Corp（RPAY）财务数据对比。点击上方公司名可切换其他公司
Digital Turbine, Inc.的季度营收约是Repay Holdings Corp的1.9倍（$151.4M vs $78.6M），Digital Turbine, Inc.净利率更高（3.4% vs -178.3%，领先181.7%），Digital Turbine, Inc.同比增速更快（12.4% vs 0.4%），过去两年Digital Turbine, Inc.的营收复合增速更高（16.2% vs -1.3%）
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。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
APPS vs RPAY — 直观对比
营收规模更大
APPS
是对方的1.9倍
$78.6M
营收增速更快
APPS
高出12.0%
0.4%
净利率更高
APPS
高出181.7%
-178.3%
两年增速更快
APPS
近两年复合增速
-1.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $151.4M | $78.6M |
| 净利润 | $5.1M | $-140.1M |
| 毛利率 | 57.4% | 74.2% |
| 营业利润率 | 14.3% | -182.2% |
| 净利率 | 3.4% | -178.3% |
| 营收同比 | 12.4% | 0.4% |
| 净利润同比 | 122.1% | -3304.1% |
| 每股收益（稀释后） | $0.03 | $-1.68 |
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APPSRPAY
| Q4 25 | $151.4M | $78.6M | ||
| Q3 25 | $140.4M | $77.7M | ||
| Q2 25 | $130.9M | $75.6M | ||
| Q1 25 | $119.2M | $77.3M | ||
| Q4 24 | $134.6M | $78.3M | ||
| Q3 24 | $118.7M | $79.1M | ||
| Q2 24 | $118.0M | $74.9M | ||
| Q1 24 | $112.2M | $80.7M |
净利润APPSRPAY
| Q4 25 | $5.1M | $-140.1M | ||
| Q3 25 | $-21.4M | $-6.4M | ||
| Q2 25 | $-14.1M | $-102.3M | ||
| Q1 25 | $-18.8M | $-7.9M | ||
| Q4 24 | $-23.1M | $-4.1M | ||
| Q3 24 | $-25.0M | $3.2M | ||
| Q2 24 | $-25.2M | $-4.1M | ||
| Q1 24 | $-236.5M | $-5.2M |
毛利率APPSRPAY
| Q4 25 | 57.4% | 74.2% | ||
| Q3 25 | 55.1% | 74.4% | ||
| Q2 25 | 55.6% | 75.7% | ||
| Q1 25 | 55.4% | 75.9% | ||
| Q4 24 | 48.0% | 76.3% | ||
| Q3 24 | 52.6% | 77.8% | ||
| Q2 24 | 52.7% | 78.2% | ||
| Q1 24 | 52.3% | 76.2% |
营业利润率APPSRPAY
| Q4 25 | 14.3% | -182.2% | ||
| Q3 25 | 4.7% | -3.9% | ||
| Q2 25 | -3.6% | -138.7% | ||
| Q1 25 | -9.8% | -4.7% | ||
| Q4 24 | -9.5% | -1.5% | ||
| Q3 24 | -11.4% | -0.9% | ||
| Q2 24 | -13.6% | -4.6% | ||
| Q1 24 | -185.2% | -3.1% |
净利率APPSRPAY
| Q4 25 | 3.4% | -178.3% | ||
| Q3 25 | -15.2% | -8.3% | ||
| Q2 25 | -10.8% | -135.2% | ||
| Q1 25 | -15.8% | -10.3% | ||
| Q4 24 | -17.2% | -5.3% | ||
| Q3 24 | -21.0% | 4.1% | ||
| Q2 24 | -21.3% | -5.4% | ||
| Q1 24 | -210.7% | -6.5% |
每股收益（稀释后）APPSRPAY
| Q4 25 | $0.03 | $-1.68 | ||
| Q3 25 | $-0.20 | $-0.08 | ||
| Q2 25 | $-0.13 | $-1.15 | ||
| Q1 25 | $-0.18 | $-0.09 | ||
| Q4 24 | $-0.22 | $-0.04 | ||
| Q3 24 | $-0.24 | $0.03 | ||
| Q2 24 | $-0.25 | $-0.04 | ||
| Q1 24 | $-2.33 | $-0.06 |
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 | $115.7M |
| 总债务越低越好 | $355.0M | $280.1M |
| 股东权益账面价值 | $194.6M | $484.4M |
| 总资产 | $858.2M | $1.2B |
| 负债/权益比越低杠杆越低 | 1.82× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资APPSRPAY
| Q4 25 | $40.2M | $115.7M | ||
| Q3 25 | $38.8M | $95.7M | ||
| Q2 25 | $33.4M | $162.6M | ||
| Q1 25 | $39.4M | $165.5M | ||
| Q4 24 | $34.6M | $189.5M | ||
| Q3 24 | $32.1M | $168.7M | ||
| Q2 24 | $35.0M | $147.1M | ||
| Q1 24 | $32.9M | $128.3M |
总债务APPSRPAY
| Q4 25 | $355.0M | $280.1M | ||
| Q3 25 | $396.4M | $279.5M | ||
| Q2 25 | $400.5M | $279.0M | ||
| Q1 25 | $408.7M | $497.6M | ||
| Q4 24 | $408.2M | $496.8M | ||
| Q3 24 | $407.6M | $496.2M | ||
| Q2 24 | $393.8M | $435.6M | ||
| Q1 24 | $383.5M | $434.9M |
股东权益APPSRPAY
| Q4 25 | $194.6M | $484.4M | ||
| Q3 25 | $148.1M | $616.9M | ||
| Q2 25 | $152.3M | $633.7M | ||
| Q1 25 | $154.0M | $755.7M | ||
| Q4 24 | $163.6M | $761.3M | ||
| Q3 24 | $182.4M | $754.7M | ||
| Q2 24 | $196.0M | $815.4M | ||
| Q1 24 | $213.9M | $813.8M |
总资产APPSRPAY
| Q4 25 | $858.2M | $1.2B | ||
| Q3 25 | $818.7M | $1.3B | ||
| Q2 25 | $818.4M | $1.4B | ||
| Q1 25 | $812.9M | $1.5B | ||
| Q4 24 | $839.7M | $1.6B | ||
| Q3 24 | $844.5M | $1.6B | ||
| Q2 24 | $860.2M | $1.5B | ||
| Q1 24 | $865.5M | $1.5B |
负债/权益比APPSRPAY
| Q4 25 | 1.82× | 0.58× | ||
| Q3 25 | 2.68× | 0.45× | ||
| Q2 25 | 2.63× | 0.44× | ||
| Q1 25 | 2.65× | 0.66× | ||
| Q4 24 | 2.50× | 0.65× | ||
| Q3 24 | 2.24× | 0.66× | ||
| Q2 24 | 2.01× | 0.53× | ||
| Q1 24 | 1.79× | 0.53× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $23.2M |
| 自由现金流率自由现金流/营收 | — | 29.6% |
| 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 | 2.78× | — |
| 过去12个月自由现金流最近4个季度 | — | $90.7M |
8季度趋势，按日历期对齐
经营现金流APPSRPAY
| Q4 25 | $14.2M | $23.3M | ||
| Q3 25 | $14.5M | $32.2M | ||
| Q2 25 | $8.8M | $33.1M | ||
| Q1 25 | $11.9M | $2.5M | ||
| Q4 24 | $10.4M | $34.3M | ||
| Q3 24 | $-8.7M | $60.1M | ||
| Q2 24 | $-1.4M | $31.0M | ||
| Q1 24 | $28.7M | $24.8M |
自由现金流APPSRPAY
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | — | $30.5M | ||
| Q1 24 | — | $24.7M |
自由现金流率APPSRPAY
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 30.6% |
资本支出强度APPSRPAY
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.1% |
现金转化率APPSRPAY
| Q4 25 | 2.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
