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Axogen, Inc.（AXGN）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
Repay Holdings Corp的季度营收约是Axogen, Inc.的1.3倍（$78.6M vs $61.5M），Axogen, Inc.净利率更高（-31.9% vs -178.3%，领先146.4%），Axogen, Inc.同比增速更快（26.6% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $-1.4M），过去两年Axogen, Inc.的营收复合增速更高（13.3% vs -1.3%）
Axogen总部位于美国佛罗里达州阿拉楚阿，是外科解决方案提供商，专注开发周围神经损伤修复相关产品，涵盖人体组织移植物、神经连接器、软组织膜等，旗下AVANCE细胞移植技术可模拟人体神经结构，临床数据显示其产品帮助87%的周围神经损伤患者实现感觉与运动功能恢复，2013年完成1800万美元首次公开募股。
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。
AXGN vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.3倍
$61.5M
营收增速更快
AXGN
高出26.2%
0.4%
净利率更高
AXGN
高出146.4%
-178.3%
自由现金流更多
RPAY
多$24.6M
$-1.4M
两年增速更快
AXGN
近两年复合增速
-1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $61.5M | $78.6M |
| 净利润 | $-19.6M | $-140.1M |
| 毛利率 | 75.2% | 74.2% |
| 营业利润率 | 20.2% | -182.2% |
| 净利率 | -31.9% | -178.3% |
| 营收同比 | 26.6% | 0.4% |
| 净利润同比 | -410.8% | -3304.1% |
| 每股收益（稀释后） | $-0.38 | $-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AXGNRPAY
| Q1 26 | $61.5M | — | ||
| Q4 25 | $59.9M | $78.6M | ||
| Q3 25 | $60.1M | $77.7M | ||
| Q2 25 | $56.7M | $75.6M | ||
| Q1 25 | $48.6M | $77.3M | ||
| Q4 24 | $49.4M | $78.3M | ||
| Q3 24 | $48.6M | $79.1M | ||
| Q2 24 | $47.9M | $74.9M |
净利润AXGNRPAY
| Q1 26 | $-19.6M | — | ||
| Q4 25 | $-13.2M | $-140.1M | ||
| Q3 25 | $708.0K | $-6.4M | ||
| Q2 25 | $579.0K | $-102.3M | ||
| Q1 25 | $-3.8M | $-7.9M | ||
| Q4 24 | $450.0K | $-4.1M | ||
| Q3 24 | $-1.9M | $3.2M | ||
| Q2 24 | $-1.9M | $-4.1M |
毛利率AXGNRPAY
| Q1 26 | 75.2% | — | ||
| Q4 25 | 74.1% | 74.2% | ||
| Q3 25 | 76.6% | 74.4% | ||
| Q2 25 | 74.2% | 75.7% | ||
| Q1 25 | 71.9% | 75.9% | ||
| Q4 24 | 76.1% | 76.3% | ||
| Q3 24 | 74.9% | 77.8% | ||
| Q2 24 | 73.8% | 78.2% |
营业利润率AXGNRPAY
| Q1 26 | 20.2% | — | ||
| Q4 25 | -16.3% | -182.2% | ||
| Q3 25 | 3.2% | -3.9% | ||
| Q2 25 | 3.0% | -138.7% | ||
| Q1 25 | -3.4% | -4.7% | ||
| Q4 24 | 4.1% | -1.5% | ||
| Q3 24 | -0.6% | -0.9% | ||
| Q2 24 | -0.9% | -4.6% |
净利率AXGNRPAY
| Q1 26 | -31.9% | — | ||
| Q4 25 | -22.0% | -178.3% | ||
| Q3 25 | 1.2% | -8.3% | ||
| Q2 25 | 1.0% | -135.2% | ||
| Q1 25 | -7.9% | -10.3% | ||
| Q4 24 | 0.9% | -5.3% | ||
| Q3 24 | -3.8% | 4.1% | ||
| Q2 24 | -4.0% | -5.4% |
每股收益（稀释后）AXGNRPAY
| Q1 26 | $-0.38 | — | ||
| Q4 25 | $-0.28 | $-1.68 | ||
| Q3 25 | $0.01 | $-0.08 | ||
| Q2 25 | $0.01 | $-1.15 | ||
| Q1 25 | $-0.08 | $-0.09 | ||
| Q4 24 | $-0.00 | $-0.04 | ||
| Q3 24 | $-0.04 | $0.03 | ||
| Q2 24 | $-0.04 | $-0.04 |
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 | $82.7M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $244.8M | $484.4M |
| 总资产 | $289.5M | $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AXGNRPAY
| Q1 26 | $82.7M | — | ||
| Q4 25 | $41.5M | $115.7M | ||
| Q3 25 | $35.8M | $95.7M | ||
| Q2 25 | $29.9M | $162.6M | ||
| Q1 25 | $22.1M | $165.5M | ||
| Q4 24 | $33.5M | $189.5M | ||
| Q3 24 | $24.5M | $168.7M | ||
| Q2 24 | $21.1M | $147.1M |
总债务AXGNRPAY
| Q1 26 | — | — | ||
| Q4 25 | $48.4M | $280.1M | ||
| Q3 25 | $48.2M | $279.5M | ||
| Q2 25 | $47.9M | $279.0M | ||
| Q1 25 | $47.7M | $497.6M | ||
| Q4 24 | $47.5M | $496.8M | ||
| Q3 24 | $47.3M | $496.2M | ||
| Q2 24 | $47.0M | $435.6M |
股东权益AXGNRPAY
| Q1 26 | $244.8M | — | ||
| Q4 25 | $128.8M | $484.4M | ||
| Q3 25 | $120.8M | $616.9M | ||
| Q2 25 | $112.3M | $633.7M | ||
| Q1 25 | $105.4M | $755.7M | ||
| Q4 24 | $103.9M | $761.3M | ||
| Q3 24 | $99.4M | $754.7M | ||
| Q2 24 | $95.7M | $815.4M |
总资产AXGNRPAY
| Q1 26 | $289.5M | — | ||
| Q4 25 | $221.7M | $1.2B | ||
| Q3 25 | $216.4M | $1.3B | ||
| Q2 25 | $205.5M | $1.4B | ||
| Q1 25 | $196.2M | $1.5B | ||
| Q4 24 | $203.7M | $1.6B | ||
| Q3 24 | $192.0M | $1.6B | ||
| Q2 24 | $188.9M | $1.5B |
负债/权益比AXGNRPAY
| Q1 26 | — | — | ||
| Q4 25 | 0.38× | 0.58× | ||
| Q3 25 | 0.40× | 0.45× | ||
| Q2 25 | 0.43× | 0.44× | ||
| Q1 25 | 0.45× | 0.66× | ||
| Q4 24 | 0.46× | 0.65× | ||
| Q3 24 | 0.48× | 0.66× | ||
| Q2 24 | 0.49× | 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 | — | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-1.4M | $23.2M |
| 自由现金流率自由现金流/营收 | -2.3% | 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $9.1M | $90.7M |
8季度趋势，按日历期对齐
经营现金流AXGNRPAY
| Q1 26 | — | — | ||
| Q4 25 | $3.0M | $23.3M | ||
| Q3 25 | $3.2M | $32.2M | ||
| Q2 25 | $7.7M | $33.1M | ||
| Q1 25 | $-13.2M | $2.5M | ||
| Q4 24 | $8.7M | $34.3M | ||
| Q3 24 | $3.9M | $60.1M | ||
| Q2 24 | $4.2M | $31.0M |
自由现金流AXGNRPAY
| Q1 26 | $-1.4M | — | ||
| Q4 25 | $1.8M | $23.2M | ||
| Q3 25 | $1.7M | $32.1M | ||
| Q2 25 | $7.0M | $33.0M | ||
| Q1 25 | $-13.4M | $2.4M | ||
| Q4 24 | $8.1M | $34.0M | ||
| Q3 24 | $3.3M | $59.8M | ||
| Q2 24 | $3.3M | $30.5M |
自由现金流率AXGNRPAY
| Q1 26 | -2.3% | — | ||
| Q4 25 | 3.0% | 29.6% | ||
| Q3 25 | 2.8% | 41.3% | ||
| Q2 25 | 12.4% | 43.6% | ||
| Q1 25 | -27.7% | 3.0% | ||
| Q4 24 | 16.3% | 43.5% | ||
| Q3 24 | 6.8% | 75.6% | ||
| Q2 24 | 6.8% | 40.7% |
资本支出强度AXGNRPAY
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 0.1% | ||
| Q3 25 | 2.5% | 0.2% | ||
| Q2 25 | 1.3% | 0.1% | ||
| Q1 25 | 0.5% | 0.2% | ||
| Q4 24 | 1.4% | 0.3% | ||
| Q3 24 | 1.2% | 0.3% | ||
| Q2 24 | 1.9% | 0.6% |
现金转化率AXGNRPAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.55× | — | ||
| Q2 25 | 13.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 19.41× | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 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
AXGN
暂无分部数据
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
