vs
Bandwidth Inc.（BAND）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
Bandwidth Inc.的季度营收约是BRC Group Holdings, Inc.的1.1倍（$208.8M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 1.9%，领先46.0%），Bandwidth Inc.同比增速更快（20.1% vs -21.9%），过去两年Bandwidth Inc.的营收复合增速更高（9.7% vs -15.4%）
Bandwidth Inc.是一家通信平台即服务提供商，依托自有全球IP语音网络，为客户提供语音、短信及应急服务相关的软件API产品，帮助开发者便捷集成通信功能，全球客户可借助其方案快速搭建符合需求的通信服务体系。
BAND vs RILY — 直观对比
营收规模更大
BAND
是对方的1.1倍
$188.3M
营收增速更快
BAND
高出42.0%
-21.9%
净利率更高
RILY
高出46.0%
1.9%
两年增速更快
BAND
近两年复合增速
-15.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $208.8M | $188.3M |
| 净利润 | $4.0M | $90.3M |
| 毛利率 | 37.3% | 79.5% |
| 营业利润率 | 60.5% | 32.3% |
| 净利率 | 1.9% | 47.9% |
| 营收同比 | 20.1% | -21.9% |
| 净利润同比 | 200.0% | 1710.8% |
| 每股收益（稀释后） | $-0.08 | $2.78 |
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BANDRILY
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $188.3M | ||
| Q3 25 | $191.9M | $215.3M | ||
| Q2 25 | $180.0M | $188.2M | ||
| Q1 25 | $174.2M | $197.2M | ||
| Q4 24 | $210.0M | $241.0M | ||
| Q3 24 | $193.9M | $225.5M | ||
| Q2 24 | $173.6M | $256.0M |
净利润BANDRILY
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $90.3M | ||
| Q3 25 | $-1.2M | $91.1M | ||
| Q2 25 | $-4.9M | $139.5M | ||
| Q1 25 | $-3.7M | $-10.0M | ||
| Q4 24 | — | $-5.6M | ||
| Q3 24 | $413.0K | $-284.4M | ||
| Q2 24 | $4.1M | $-433.6M |
毛利率BANDRILY
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 79.5% | ||
| Q3 25 | 38.5% | 83.7% | ||
| Q2 25 | 39.8% | 81.3% | ||
| Q1 25 | 41.0% | 81.4% | ||
| Q4 24 | 36.4% | 79.8% | ||
| Q3 24 | 37.7% | 82.1% | ||
| Q2 24 | 37.3% | 84.5% |
营业利润率BANDRILY
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 32.3% | ||
| Q3 25 | -1.0% | 30.4% | ||
| Q2 25 | -2.1% | 5.7% | ||
| Q1 25 | -2.7% | -31.2% | ||
| Q4 24 | -1.3% | -69.2% | ||
| Q3 24 | -0.5% | -36.4% | ||
| Q2 24 | -3.5% | -90.8% |
净利率BANDRILY
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 47.9% | ||
| Q3 25 | -0.6% | 42.3% | ||
| Q2 25 | -2.7% | 74.1% | ||
| Q1 25 | -2.1% | -5.1% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | 0.2% | -126.1% | ||
| Q2 24 | 2.3% | -169.4% |
每股收益（稀释后）BANDRILY
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $2.78 | ||
| Q3 25 | $-0.04 | $2.91 | ||
| Q2 25 | $-0.16 | $4.50 | ||
| Q1 25 | $-0.13 | $-0.39 | ||
| Q4 24 | $0.27 | $-0.01 | ||
| Q3 24 | $0.01 | $-9.39 | ||
| Q2 24 | $-0.17 | $-14.35 |
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 | $47.3M | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $405.7M | $-171.5M |
| 总资产 | $984.2M | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BANDRILY
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $226.6M | ||
| Q3 25 | $80.4M | $184.2M | ||
| Q2 25 | $68.1M | $267.4M | ||
| Q1 25 | $41.7M | $138.3M | ||
| Q4 24 | $83.8M | $146.9M | ||
| Q3 24 | $79.9M | $159.2M | ||
| Q2 24 | $76.4M | $236.9M |
总债务BANDRILY
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BANDRILY
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $-171.5M | ||
| Q3 25 | $392.7M | $-260.5M | ||
| Q2 25 | $384.5M | $-351.7M | ||
| Q1 25 | $345.4M | $-496.8M | ||
| Q4 24 | $312.5M | $-488.2M | ||
| Q3 24 | $336.6M | $-497.6M | ||
| Q2 24 | $307.4M | $-218.3M |
总资产BANDRILY
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.0B | $1.7B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $964.4M | $1.5B | ||
| Q4 24 | $989.2M | $1.8B | ||
| Q3 24 | $1.0B | $2.2B | ||
| Q2 24 | $1.0B | $3.2B |
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 | — | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | — |
| 自由现金流率自由现金流/营收 | -0.5% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 0.29× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BANDRILY
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $26.2M | ||
| Q3 25 | $22.2M | $-60.6M | ||
| Q2 25 | $31.7M | $-25.6M | ||
| Q1 25 | $-3.1M | $184.0K | ||
| Q4 24 | $36.5M | $-2.7M | ||
| Q3 24 | $20.5M | $19.5M | ||
| Q2 24 | $24.4M | $111.5M |
自由现金流BANDRILY
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率BANDRILY
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率BANDRILY
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | — |
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
BAND
暂无分部数据
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
