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BICYCLE THERAPEUTICS PLC（BCYC）与KKR Real Estate Finance Trust Inc.（KREF）财务数据对比。点击上方公司名可切换其他公司
BICYCLE THERAPEUTICS PLC的季度营收约是KKR Real Estate Finance Trust Inc.的1.9倍（$48.0M vs $25.8M），BICYCLE THERAPEUTICS PLC净利率更高（-42.0% vs -101.7%，领先59.7%），BICYCLE THERAPEUTICS PLC同比增速更快（1193.3% vs -26.6%），过去两年BICYCLE THERAPEUTICS PLC的营收复合增速更高（56.7% vs -18.8%）
Bicycle Therapeutics是一家临床阶段生物制药企业，专注于开发双环肽类创新疗法以解决未被满足的医疗需求，核心管线覆盖肿瘤、罕见病与免疫疾病领域，在欧美布局运营，与全球头部药企达成战略合作推进候选药物落地。
KKR房地产金融信托公司是全球投资机构KKR旗下的专业房地产金融平台，主要发起、收购并管理优先担保商业地产贷款组合，抵押物多为美国各地的优质机构级商业地产，通过贷款利息收入为投资者提供稳定的经风险调整后的回报。
BCYC vs KREF — 直观对比
营收规模更大
BCYC
是对方的1.9倍
$25.8M
营收增速更快
BCYC
高出1219.9%
-26.6%
净利率更高
BCYC
高出59.7%
-101.7%
两年增速更快
BCYC
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $48.0M | $25.8M |
| 净利润 | $-20.2M | $-26.2M |
| 毛利率 | — | — |
| 营业利润率 | -51.5% | -105.1% |
| 净利率 | -42.0% | -101.7% |
| 营收同比 | 1193.3% | -26.6% |
| 净利润同比 | 61.1% | -229.6% |
| 每股收益（稀释后） | $-0.29 | $-0.49 |
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BCYCKREF
| Q4 25 | $48.0M | $25.8M | ||
| Q3 25 | $11.7M | $25.3M | ||
| Q2 25 | $2.9M | $30.2M | ||
| Q1 25 | $10.0M | $31.3M | ||
| Q4 24 | $3.7M | $35.1M | ||
| Q3 24 | $2.7M | $37.0M | ||
| Q2 24 | $9.4M | $40.4M | ||
| Q1 24 | $19.5M | $39.1M |
净利润BCYCKREF
| Q4 25 | $-20.2M | $-26.2M | ||
| Q3 25 | $-59.1M | $13.8M | ||
| Q2 25 | $-79.0M | $-29.7M | ||
| Q1 25 | $-60.8M | $-4.9M | ||
| Q4 24 | — | $20.3M | ||
| Q3 24 | $-50.8M | $-7.4M | ||
| Q2 24 | $-39.8M | $25.8M | ||
| Q1 24 | $-26.6M | $-3.1M |
营业利润率BCYCKREF
| Q4 25 | -51.5% | -105.1% | ||
| Q3 25 | -558.6% | 50.4% | ||
| Q2 25 | -2965.8% | -101.3% | ||
| Q1 25 | -703.7% | -18.3% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | -2385.9% | -19.6% | ||
| Q2 24 | -498.3% | 63.3% | ||
| Q1 24 | -162.4% | -8.7% |
净利率BCYCKREF
| Q4 25 | -42.0% | -101.7% | ||
| Q3 25 | -503.7% | 54.4% | ||
| Q2 25 | -2703.8% | -98.5% | ||
| Q1 25 | -608.9% | -15.5% | ||
| Q4 24 | — | 57.7% | ||
| Q3 24 | -1898.4% | -20.0% | ||
| Q2 24 | -425.3% | 63.9% | ||
| Q1 24 | -136.0% | -7.9% |
每股收益（稀释后）BCYCKREF
| Q4 25 | $-0.29 | $-0.49 | ||
| Q3 25 | $-0.85 | $0.12 | ||
| Q2 25 | $-1.14 | $-0.53 | ||
| Q1 25 | $-0.88 | $-0.15 | ||
| Q4 24 | — | $0.22 | ||
| Q3 24 | $-0.74 | $-0.19 | ||
| Q2 24 | $-0.77 | $0.29 | ||
| Q1 24 | $-0.62 | $-0.13 |
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 | $628.1M | $84.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $610.0M | $1.2B |
| 总资产 | $717.6M | $6.5B |
| 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BCYCKREF
| Q4 25 | $628.1M | $84.6M | ||
| Q3 25 | $648.3M | $204.1M | ||
| Q2 25 | $721.5M | $107.7M | ||
| Q1 25 | $793.0M | $106.4M | ||
| Q4 24 | $879.5M | $104.9M | ||
| Q3 24 | $890.9M | $108.8M | ||
| Q2 24 | $961.4M | $107.2M | ||
| Q1 24 | $457.0M | $106.5M |
总债务BCYCKREF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $30.9M | — | ||
| Q1 24 | $30.8M | — |
股东权益BCYCKREF
| Q4 25 | $610.0M | $1.2B | ||
| Q3 25 | $618.5M | $1.2B | ||
| Q2 25 | $668.9M | $1.2B | ||
| Q1 25 | $740.3M | $1.3B | ||
| Q4 24 | $793.1M | $1.3B | ||
| Q3 24 | $831.0M | $1.4B | ||
| Q2 24 | $873.8M | $1.4B | ||
| Q1 24 | $356.0M | $1.4B |
总资产BCYCKREF
| Q4 25 | $717.6M | $6.5B | ||
| Q3 25 | $764.0M | $6.5B | ||
| Q2 25 | $832.2M | $6.8B | ||
| Q1 25 | $883.9M | $6.6B | ||
| Q4 24 | $956.9M | $6.4B | ||
| Q3 24 | $996.7M | $6.8B | ||
| Q2 24 | $1.1B | $7.1B | ||
| Q1 24 | $547.1M | $7.3B |
负债/权益比BCYCKREF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.04× | — | ||
| Q1 24 | 0.09× | — |
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 | $-19.3M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | $-19.9M | — |
| 自由现金流率自由现金流/营收 | -41.5% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 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 | $-252.0M | — |
8季度趋势，按日历期对齐
经营现金流BCYCKREF
| Q4 25 | $-19.3M | $72.3M | ||
| Q3 25 | $-71.2M | $18.5M | ||
| Q2 25 | $-72.8M | $21.1M | ||
| Q1 25 | $-86.4M | $15.9M | ||
| Q4 24 | $-164.7M | $132.6M | ||
| Q3 24 | $-39.8M | $49.1M | ||
| Q2 24 | $-44.6M | $30.6M | ||
| Q1 24 | $-70.9M | $34.5M |
自由现金流BCYCKREF
| Q4 25 | $-19.9M | — | ||
| Q3 25 | $-71.8M | — | ||
| Q2 25 | $-73.3M | — | ||
| Q1 25 | $-87.0M | — | ||
| Q4 24 | $-166.0M | — | ||
| Q3 24 | $-40.3M | — | ||
| Q2 24 | $-45.0M | — | ||
| Q1 24 | $-70.9M | — |
自由现金流率BCYCKREF
| Q4 25 | -41.5% | — | ||
| Q3 25 | -612.3% | — | ||
| Q2 25 | -2509.7% | — | ||
| Q1 25 | -871.7% | — | ||
| Q4 24 | -4475.7% | — | ||
| Q3 24 | -1504.7% | — | ||
| Q2 24 | -481.2% | — | ||
| Q1 24 | -362.9% | — |
资本支出强度BCYCKREF
| Q4 25 | 1.2% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 33.3% | — | ||
| Q3 24 | 16.3% | — | ||
| Q2 24 | 4.5% | — | ||
| Q1 24 | 0.1% | — |
现金转化率BCYCKREF
| Q4 25 | — | — | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
