vs
AvePoint（AVPT）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
AvePoint的季度营收约是Repay Holdings Corp的1.5倍（$114.7M vs $78.6M），AvePoint净利率更高（13.6% vs -178.3%，领先191.9%），AvePoint同比增速更快（28.6% vs 0.4%），AvePoint自由现金流更多（$29.0M vs $23.2M），过去两年AvePoint的营收复合增速更高（24.0% vs -1.3%）
AvePoint是一家总部位于美国新泽西州泽西市的企业，成立于2001年，2020年在纳斯达克上市。公司专注于开发软件产品，为Microsoft 365、谷歌、Salesforce等主流平台提供功能拓展与安全增强解决方案，服务全球各行业客户的数字化协作与数据治理需求。
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。
AVPT vs RPAY — 直观对比
营收规模更大
AVPT
是对方的1.5倍
$78.6M
营收增速更快
AVPT
高出28.2%
0.4%
净利率更高
AVPT
高出191.9%
-178.3%
自由现金流更多
AVPT
多$5.7M
$23.2M
两年增速更快
AVPT
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $114.7M | $78.6M |
| 净利润 | $15.6M | $-140.1M |
| 毛利率 | 73.6% | 74.2% |
| 营业利润率 | 12.7% | -182.2% |
| 净利率 | 13.6% | -178.3% |
| 营收同比 | 28.6% | 0.4% |
| 净利润同比 | 191.1% | -3304.1% |
| 每股收益（稀释后） | $0.06 | $-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AVPTRPAY
| Q4 25 | $114.7M | $78.6M | ||
| Q3 25 | $109.7M | $77.7M | ||
| Q2 25 | $102.0M | $75.6M | ||
| Q1 25 | $93.1M | $77.3M | ||
| Q4 24 | $89.2M | $78.3M | ||
| Q3 24 | $88.8M | $79.1M | ||
| Q2 24 | $78.0M | $74.9M | ||
| Q1 24 | $74.5M | $80.7M |
净利润AVPTRPAY
| Q4 25 | $15.6M | $-140.1M | ||
| Q3 25 | $13.0M | $-6.4M | ||
| Q2 25 | $2.9M | $-102.3M | ||
| Q1 25 | $3.6M | $-7.9M | ||
| Q4 24 | $-17.2M | $-4.1M | ||
| Q3 24 | $2.6M | $3.2M | ||
| Q2 24 | $-12.9M | $-4.1M | ||
| Q1 24 | $-2.0M | $-5.2M |
毛利率AVPTRPAY
| Q4 25 | 73.6% | 74.2% | ||
| Q3 25 | 74.4% | 74.4% | ||
| Q2 25 | 74.0% | 75.7% | ||
| Q1 25 | 74.3% | 75.9% | ||
| Q4 24 | 75.4% | 76.3% | ||
| Q3 24 | 76.1% | 77.8% | ||
| Q2 24 | 75.7% | 78.2% | ||
| Q1 24 | 72.6% | 76.2% |
营业利润率AVPTRPAY
| Q4 25 | 12.7% | -182.2% | ||
| Q3 25 | 7.4% | -3.9% | ||
| Q2 25 | 7.0% | -138.7% | ||
| Q1 25 | 3.5% | -4.7% | ||
| Q4 24 | 5.4% | -1.5% | ||
| Q3 24 | 8.6% | -0.9% | ||
| Q2 24 | -2.7% | -4.6% | ||
| Q1 24 | -4.3% | -3.1% |
净利率AVPTRPAY
| Q4 25 | 13.6% | -178.3% | ||
| Q3 25 | 11.9% | -8.3% | ||
| Q2 25 | 2.8% | -135.2% | ||
| Q1 25 | 3.8% | -10.3% | ||
| Q4 24 | -19.3% | -5.3% | ||
| Q3 24 | 3.0% | 4.1% | ||
| Q2 24 | -16.6% | -5.4% | ||
| Q1 24 | -2.6% | -6.5% |
每股收益（稀释后）AVPTRPAY
| Q4 25 | $0.06 | $-1.68 | ||
| Q3 25 | $0.06 | $-0.08 | ||
| Q2 25 | $0.01 | $-1.15 | ||
| Q1 25 | $0.02 | $-0.09 | ||
| Q4 24 | $-0.09 | $-0.04 | ||
| Q3 24 | $0.01 | $0.03 | ||
| Q2 24 | $-0.07 | $-0.04 | ||
| Q1 24 | $-0.01 | $-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 | $481.1M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $478.7M | $484.4M |
| 总资产 | $789.2M | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资AVPTRPAY
| Q4 25 | $481.1M | $115.7M | ||
| Q3 25 | $471.6M | $95.7M | ||
| Q2 25 | $430.1M | $162.6M | ||
| Q1 25 | $351.8M | $165.5M | ||
| Q4 24 | $290.9M | $189.5M | ||
| Q3 24 | $250.0M | $168.7M | ||
| Q2 24 | $230.8M | $147.1M | ||
| Q1 24 | $219.3M | $128.3M |
总债务AVPTRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益AVPTRPAY
| Q4 25 | $478.7M | $484.4M | ||
| Q3 25 | $466.8M | $616.9M | ||
| Q2 25 | $443.1M | $633.7M | ||
| Q1 25 | $361.5M | $755.7M | ||
| Q4 24 | $270.9M | $761.3M | ||
| Q3 24 | $215.7M | $754.7M | ||
| Q2 24 | $207.4M | $815.4M | ||
| Q1 24 | $212.7M | $813.8M |
总资产AVPTRPAY
| Q4 25 | $789.2M | $1.2B | ||
| Q3 25 | $743.5M | $1.3B | ||
| Q2 25 | $700.1M | $1.4B | ||
| Q1 25 | $598.8M | $1.5B | ||
| Q4 24 | $519.1M | $1.6B | ||
| Q3 24 | $463.0M | $1.6B | ||
| Q2 24 | $427.3M | $1.5B | ||
| Q1 24 | $413.8M | $1.5B |
负债/权益比AVPTRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 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 | $29.7M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $29.0M | $23.2M |
| 自由现金流率自由现金流/营收 | 25.3% | 29.6% |
| 资本支出强度资本支出/营收 | 0.6% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.90× | — |
| 过去12个月自由现金流最近4个季度 | $81.6M | $90.7M |
8季度趋势，按日历期对齐
经营现金流AVPTRPAY
| Q4 25 | $29.7M | $23.3M | ||
| Q3 25 | $34.8M | $32.2M | ||
| Q2 25 | $20.3M | $33.1M | ||
| Q1 25 | $495.0K | $2.5M | ||
| Q4 24 | $32.8M | $34.3M | ||
| Q3 24 | $32.2M | $60.1M | ||
| Q2 24 | $16.2M | $31.0M | ||
| Q1 24 | $7.8M | $24.8M |
自由现金流AVPTRPAY
| Q4 25 | $29.0M | $23.2M | ||
| Q3 25 | $34.3M | $32.1M | ||
| Q2 25 | $19.3M | $33.0M | ||
| Q1 25 | $-1.0M | $2.4M | ||
| Q4 24 | $32.0M | $34.0M | ||
| Q3 24 | $30.8M | $59.8M | ||
| Q2 24 | $15.8M | $30.5M | ||
| Q1 24 | $7.3M | $24.7M |
自由现金流率AVPTRPAY
| Q4 25 | 25.3% | 29.6% | ||
| Q3 25 | 31.3% | 41.3% | ||
| Q2 25 | 18.9% | 43.6% | ||
| Q1 25 | -1.1% | 3.0% | ||
| Q4 24 | 35.9% | 43.5% | ||
| Q3 24 | 34.7% | 75.6% | ||
| Q2 24 | 20.2% | 40.7% | ||
| Q1 24 | 9.7% | 30.6% |
资本支出强度AVPTRPAY
| Q4 25 | 0.6% | 0.1% | ||
| Q3 25 | 0.5% | 0.2% | ||
| Q2 25 | 0.9% | 0.1% | ||
| Q1 25 | 1.6% | 0.2% | ||
| Q4 24 | 0.8% | 0.3% | ||
| Q3 24 | 1.6% | 0.3% | ||
| Q2 24 | 0.5% | 0.6% | ||
| Q1 24 | 0.7% | 0.1% |
现金转化率AVPTRPAY
| Q4 25 | 1.90× | — | ||
| Q3 25 | 2.68× | — | ||
| Q2 25 | 7.01× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 12.30× | 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
AVPT
| SAAS | $88.9M | 78% |
| Services | $14.7M | 13% |
| Termed License And Support | $10.1M | 9% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
