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ALTISOURCE PORTFOLIO SOLUTIONS S.A.（ASPS）与System1, Inc.（SST）财务数据对比。点击上方公司名可切换其他公司
System1, Inc.的季度营收约是ALTISOURCE PORTFOLIO SOLUTIONS S.A.的1.2倍（$51.9M vs $42.3M），ALTISOURCE PORTFOLIO SOLUTIONS S.A.净利率更高（-16.8% vs -26.0%，领先9.1%），ALTISOURCE PORTFOLIO SOLUTIONS S.A.同比增速更快（3.2% vs -31.3%），过去两年ALTISOURCE PORTFOLIO SOLUTIONS S.A.的营收复合增速更高（3.6% vs -21.8%）
Altisource Portfolio Solutions S.A.是面向抵押贷款、房地产及消费金融领域的全球服务商，为贷款机构、服务商、投资者等市场参与者提供技术、数据与运营解决方案，优化资产管理、房产交易等业务流程，提升客户运营效率。
System1是一家美国互联网广告企业，成立于2013年，前身为OpenMail，总部位于加利福尼亚州玛丽娜德尔雷。该公司主打获客响应营销平台业务，将隐私保护作为核心经营重点之一，但也曾因对Startpage.com等主打隐私的平台的影响受到批评。
ASPS vs SST — 直观对比
营收规模更大
SST
是对方的1.2倍
$42.3M
营收增速更快
ASPS
高出34.5%
-31.3%
净利率更高
ASPS
高出9.1%
-26.0%
两年增速更快
ASPS
近两年复合增速
-21.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $42.3M | $51.9M |
| 净利润 | $-7.1M | $-13.5M |
| 毛利率 | 26.5% | 41.0% |
| 营业利润率 | -15.5% | -33.6% |
| 净利率 | -16.8% | -26.0% |
| 营收同比 | 3.2% | -31.3% |
| 净利润同比 | 18.2% | 4.8% |
| 每股收益（稀释后） | $-1.02 | $-3.58 |
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ASPSSST
| Q4 25 | $42.3M | $51.9M | ||
| Q3 25 | $41.9M | $61.6M | ||
| Q2 25 | $43.3M | $78.1M | ||
| Q1 25 | $43.4M | $74.5M | ||
| Q4 24 | $41.0M | $75.6M | ||
| Q3 24 | $40.5M | $88.8M | ||
| Q2 24 | $39.1M | $94.6M | ||
| Q1 24 | $39.5M | $84.9M |
净利润ASPSSST
| Q4 25 | $-7.1M | $-13.5M | ||
| Q3 25 | $-2.3M | $-18.5M | ||
| Q2 25 | $16.7M | $-17.5M | ||
| Q1 25 | $-5.3M | $-15.9M | ||
| Q4 24 | $-8.7M | $-14.2M | ||
| Q3 24 | $-9.3M | $-23.6M | ||
| Q2 24 | $-8.3M | $-26.4M | ||
| Q1 24 | $-9.2M | $-10.5M |
毛利率ASPSSST
| Q4 25 | 26.5% | 41.0% | ||
| Q3 25 | 27.1% | 36.9% | ||
| Q2 25 | 30.1% | 35.7% | ||
| Q1 25 | 30.7% | 38.2% | ||
| Q4 24 | 30.3% | 42.1% | ||
| Q3 24 | 29.8% | 28.0% | ||
| Q2 24 | 32.5% | 27.6% | ||
| Q1 24 | 31.2% | 21.9% |
营业利润率ASPSSST
| Q4 25 | -15.5% | -33.6% | ||
| Q3 25 | 1.2% | -25.3% | ||
| Q2 25 | 7.5% | -20.4% | ||
| Q1 25 | 7.5% | -17.6% | ||
| Q4 24 | 1.4% | -15.7% | ||
| Q3 24 | 2.7% | -24.6% | ||
| Q2 24 | 5.3% | -30.8% | ||
| Q1 24 | -1.4% | -30.4% |
净利率ASPSSST
| Q4 25 | -16.8% | -26.0% | ||
| Q3 25 | -5.5% | -30.1% | ||
| Q2 25 | 38.5% | -22.4% | ||
| Q1 25 | -12.1% | -21.3% | ||
| Q4 24 | -21.3% | -18.7% | ||
| Q3 24 | -23.0% | -26.6% | ||
| Q2 24 | -21.1% | -27.9% | ||
| Q1 24 | -23.2% | -12.4% |
每股收益（稀释后）ASPSSST
| Q4 25 | $-1.02 | $-3.58 | ||
| Q3 25 | $-0.22 | $-2.30 | ||
| Q2 25 | $1.48 | $-2.23 | ||
| Q1 25 | $-0.09 | $-0.21 | ||
| Q4 24 | $-4.72 | $-3.41 | ||
| Q3 24 | $-2.61 | $-3.37 | ||
| Q2 24 | $-2.33 | $-3.80 | ||
| Q1 24 | $-0.33 | $-0.16 |
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 | $26.6M | $86.9M |
| 总债务越低越好 | $191.1M | $305.1M |
| 股东权益账面价值 | $-110.2M | $30.5M |
| 总资产 | $139.8M | $405.0M |
| 负债/权益比越低杠杆越低 | — | 10.01× |
8季度趋势，按日历期对齐
现金及短期投资ASPSSST
| Q4 25 | $26.6M | $86.9M | ||
| Q3 25 | $28.6M | $54.6M | ||
| Q2 25 | $30.0M | $63.6M | ||
| Q1 25 | $30.8M | $43.9M | ||
| Q4 24 | $29.8M | $63.6M | ||
| Q3 24 | $28.3M | $69.1M | ||
| Q2 24 | $29.7M | $75.7M | ||
| Q1 24 | $29.6M | $69.9M |
总债务ASPSSST
| Q4 25 | $191.1M | $305.1M | ||
| Q3 25 | $192.5M | $259.2M | ||
| Q2 25 | $193.9M | $263.3M | ||
| Q1 25 | $195.0M | $267.4M | ||
| Q4 24 | $230.5M | $255.1M | ||
| Q3 24 | — | $259.2M | ||
| Q2 24 | — | $263.3M | ||
| Q1 24 | — | $268.6M |
股东权益ASPSSST
| Q4 25 | $-110.2M | $30.5M | ||
| Q3 25 | $-104.2M | $42.7M | ||
| Q2 25 | $-102.7M | $58.2M | ||
| Q1 25 | $-119.8M | $67.2M | ||
| Q4 24 | $-157.4M | $80.3M | ||
| Q3 24 | $-149.4M | $90.3M | ||
| Q2 24 | $-140.8M | $109.4M | ||
| Q1 24 | $-133.3M | $131.7M |
总资产ASPSSST
| Q4 25 | $139.8M | $405.0M | ||
| Q3 25 | $139.9M | $385.2M | ||
| Q2 25 | $142.9M | $429.2M | ||
| Q1 25 | $145.7M | $419.2M | ||
| Q4 24 | $143.6M | $459.1M | ||
| Q3 24 | $144.5M | $479.3M | ||
| Q2 24 | $146.6M | $511.3M | ||
| Q1 24 | $148.9M | $521.1M |
负债/权益比ASPSSST
| Q4 25 | — | 10.01× | ||
| Q3 25 | — | 6.07× | ||
| Q2 25 | — | 4.53× | ||
| Q1 25 | — | 3.98× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 2.41× | ||
| Q1 24 | — | 2.04× |
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 | $-505.0K | $-10.6M |
| 自由现金流经营现金流 - 资本支出 | $-525.0K | — |
| 自由现金流率自由现金流/营收 | -1.2% | — |
| 资本支出强度资本支出/营收 | 0.0% | 0.0% |
| 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 | $-5.1M | — |
8季度趋势，按日历期对齐
经营现金流ASPSSST
| Q4 25 | $-505.0K | $-10.6M | ||
| Q3 25 | $718.0K | $-2.1M | ||
| Q2 25 | $-306.0K | $24.5M | ||
| Q1 25 | $-5.0M | $-15.9M | ||
| Q4 24 | $-1.4M | $772.0K | ||
| Q3 24 | $-1.6M | $-5.0K | ||
| Q2 24 | $180.0K | $10.0M | ||
| Q1 24 | $-2.2M | $-16.0M |
自由现金流ASPSSST
| Q4 25 | $-525.0K | — | ||
| Q3 25 | $697.0K | — | ||
| Q2 25 | $-309.0K | — | ||
| Q1 25 | $-5.0M | $-16.0M | ||
| Q4 24 | $-1.4M | — | ||
| Q3 24 | — | $-36.0K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率ASPSSST
| Q4 25 | -1.2% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | -0.7% | — | ||
| Q1 25 | -11.5% | -21.5% | ||
| Q4 24 | -3.4% | — | ||
| Q3 24 | — | -0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度ASPSSST
| Q4 25 | 0.0% | 0.0% | ||
| Q3 25 | 0.1% | 0.0% | ||
| Q2 25 | 0.0% | 0.0% | ||
| Q1 25 | 0.1% | 0.1% | ||
| Q4 24 | 0.0% | 0.0% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.0% | 0.0% | ||
| Q1 24 | 0.0% | 0.0% |
现金转化率ASPSSST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.02× | — | ||
| 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
ASPS
| Services | $39.9M | 94% |
| Revenue Relatedto Technology Platformsand Professional Services | $2.4M | 6% |
SST
暂无分部数据
