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Bakkt Holdings, Inc.（BKKT）与RYVYL Inc.（RVYL）财务数据对比。点击上方公司名可切换其他公司
Bakkt Holdings, Inc.同比增速更快（-100.0% vs -116.6%），过去两年RYVYL Inc.的营收复合增速更高（NaN% vs NaN%）
Bakkt Holdings, Inc.总部位于佐治亚州阿尔法利塔与纽约市，面向加密货币持有与交易场景提供SaaS及API平台服务。该公司由洲际交易所创立，目前洲际交易所持有其55%股份，洲际交易所同时也是纽约证券交易所的母公司。Bakkt主要通过支付手续费以及加密货币交易佣金获取营收。
RYVYL Inc.是一家全球金融科技企业，主要为中小企业提供嵌入式金融服务、销售点解决方案、支付处理及数字银行工具，核心市场覆盖北美和欧洲，业务聚焦零售、餐饮等领域的B2B支付基础设施服务。
BKKT vs RVYL — 直观对比
营收规模更大
BKKT
是对方的-0.0倍
$-9.6M
营收增速更快
BKKT
高出16.6%
-116.6%
两年增速更快
RVYL
近两年复合增速
-98.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $272.0K | $-9.6M |
| 净利润 | — | $-4.4M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | — | 46.1% |
| 营收同比 | -100.0% | -116.6% |
| 净利润同比 | -344.6% | 35.6% |
| 每股收益（稀释后） | — | $-28.13 |
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BKKTRVYL
| Q4 25 | $272.0K | $-9.6M | ||
| Q3 25 | $-50.0K | $2.8M | ||
| Q2 25 | $577.9M | $2.8M | ||
| Q1 25 | $1.1B | $15.1M | ||
| Q4 24 | $1.7B | $-4.4M | ||
| Q3 24 | $328.4M | $2.8M | ||
| Q2 24 | $509.9M | $3.0M | ||
| Q1 24 | $854.6M | $16.8M |
净利润BKKTRVYL
| Q4 25 | — | $-4.4M | ||
| Q3 25 | $-14.9M | $-2.0M | ||
| Q2 25 | $-14.7M | $-8.4M | ||
| Q1 25 | $7.7M | $-2.8M | ||
| Q4 24 | $-19.2M | $-6.9M | ||
| Q3 24 | $-2.9M | $-5.2M | ||
| Q2 24 | $-16.4M | $-12.1M | ||
| Q1 24 | $-8.2M | $-2.7M |
毛利率BKKTRVYL
| Q4 25 | — | — | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 43.8% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 37.7% | ||
| Q2 24 | — | 37.9% | ||
| Q1 24 | — | 41.9% |
营业利润率BKKTRVYL
| Q4 25 | — | — | ||
| Q3 25 | 50526.0% | -65.0% | ||
| Q2 25 | -3.2% | -118.1% | ||
| Q1 25 | -1.7% | -5.6% | ||
| Q4 24 | -0.2% | 187.9% | ||
| Q3 24 | -7.7% | -129.4% | ||
| Q2 24 | -4.3% | -449.0% | ||
| Q1 24 | -3.7% | -11.4% |
净利率BKKTRVYL
| Q4 25 | — | 46.1% | ||
| Q3 25 | 29836.0% | -70.1% | ||
| Q2 25 | -2.5% | -302.1% | ||
| Q1 25 | 0.7% | -18.2% | ||
| Q4 24 | -1.1% | 155.0% | ||
| Q3 24 | -0.9% | -182.7% | ||
| Q2 24 | -3.2% | -407.5% | ||
| Q1 24 | -1.0% | -16.0% |
每股收益（稀释后）BKKTRVYL
| Q4 25 | — | $-28.13 | ||
| Q3 25 | $-1.15 | $-0.07 | ||
| Q2 25 | $-2.16 | $-0.80 | ||
| Q1 25 | $1.13 | $-0.33 | ||
| Q4 24 | $-2.99 | $-137.16 | ||
| Q3 24 | $-0.45 | $-0.76 | ||
| Q2 24 | $-2.67 | $-1.88 | ||
| Q1 24 | $-1.86 | $-0.45 |
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 | $27.2M | $7.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $112.8M | $668.0K |
| 总资产 | $162.8M | $13.1M |
| 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BKKTRVYL
| Q4 25 | $27.2M | $7.4M | ||
| Q3 25 | $58.3M | $1.2M | ||
| Q2 25 | $43.5M | $210.0K | ||
| Q1 25 | $23.0M | $3.0M | ||
| Q4 24 | $39.0M | $2.6M | ||
| Q3 24 | $29.0M | $4.3M | ||
| Q2 24 | $47.5M | $6.4M | ||
| Q1 24 | $56.6M | $10.5M |
总债务BKKTRVYL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $19.6M | ||
| Q4 24 | — | $17.4M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | — | $17.5M | ||
| Q1 24 | — | $16.8M |
股东权益BKKTRVYL
| Q4 25 | $112.8M | $668.0K | ||
| Q3 25 | $114.4M | $-3.2M | ||
| Q2 25 | $35.3M | $-6.9M | ||
| Q1 25 | $44.1M | $-3.1M | ||
| Q4 24 | $33.9M | $-1.5M | ||
| Q3 24 | $50.5M | $6.3M | ||
| Q2 24 | $47.8M | $10.0M | ||
| Q1 24 | $57.0M | $20.5M |
总资产BKKTRVYL
| Q4 25 | $162.8M | $13.1M | ||
| Q3 25 | $258.3M | $23.4M | ||
| Q2 25 | $190.1M | $20.6M | ||
| Q1 25 | $176.3M | $108.1M | ||
| Q4 24 | $269.4M | $122.3M | ||
| Q3 24 | $1.2B | $127.3M | ||
| Q2 24 | $1.2B | $109.0M | ||
| Q1 24 | $1.6B | $131.9M |
负债/权益比BKKTRVYL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | 1.74× | ||
| Q1 24 | — | 0.82× |
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 | $-153.4M | $-23.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-23.1M |
| 自由现金流率自由现金流/营收 | — | 241.6% |
| 资本支出强度资本支出/营收 | — | -0.8% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BKKTRVYL
| Q4 25 | $-153.4M | $-23.0M | ||
| Q3 25 | $-46.7M | $-3.1M | ||
| Q2 25 | $5.4M | $12.4M | ||
| Q1 25 | $-101.3M | $-15.6M | ||
| Q4 24 | $31.4M | $21.2M | ||
| Q3 24 | $-25.1M | $16.4M | ||
| Q2 24 | $-65.9M | $-12.8M | ||
| Q1 24 | $38.4M | $15.5M |
自由现金流BKKTRVYL
| Q4 25 | — | $-23.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | $5.3M | $12.4M | ||
| Q1 25 | $-101.4M | $-15.6M | ||
| Q4 24 | $31.1M | $21.1M | ||
| Q3 24 | $-25.6M | $16.4M | ||
| Q2 24 | $-66.4M | $-12.8M | ||
| Q1 24 | $36.6M | $15.5M |
自由现金流率BKKTRVYL
| Q4 25 | — | 241.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.9% | 444.4% | ||
| Q1 25 | -9.4% | -103.0% | ||
| Q4 24 | 1.8% | -478.5% | ||
| Q3 24 | -7.8% | 579.0% | ||
| Q2 24 | -13.0% | -432.2% | ||
| Q1 24 | 4.3% | 92.4% |
资本支出强度BKKTRVYL
| Q4 25 | — | -0.8% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | 0.0% | 2.4% | ||
| Q1 25 | 0.0% | 0.1% | ||
| Q4 24 | 0.0% | -1.1% | ||
| Q3 24 | 0.2% | 1.0% | ||
| Q2 24 | 0.1% | 0.5% | ||
| Q1 24 | 0.2% | 0.1% |
现金转化率BKKTRVYL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -13.14× | — | ||
| 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
