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Blend Labs, Inc.（BLND）与基华物流（CEVA）财务数据对比。点击上方公司名可切换其他公司
Blend Labs, Inc.的季度营收约是基华物流的1.0倍（$32.4M vs $31.3M）。基华物流净利率更高（-3.5% vs -7.8%，领先4.3%）。Blend Labs, Inc.同比增速更快（7.6% vs 7.1%）。基华物流自由现金流更多（$7.2M vs $-21.0K）。过去两年基华物流的营收复合增速更高（19.1% vs 16.6%）
GU Energy Labs是一家总部位于美国加利福尼亚州伯克利的运动营养产品生产商，核心产品为深受耐力运动爱好者青睐的能量胶，可在各类运动中快速易消化吸收。此外品牌还推出能量咀嚼糖、冲调饮品、补水片、 stroopwafel荷蘭焦糖煎餅以及Roctane系列产品，涵盖能量冲饮、蛋白恢复冲饮、能量胶和胶囊等，公司于1994年由比尔·沃恩创立。
赛物流是一家全球物流与供应链企业，提供货运管理以及合约物流服务，2019年被达飞海运集团收购。收购完成后，达飞集团陆续将英格迈微商务生命周期服务、GEFCO等多家物流运输企业并入赛物流，助力其业务发展与规模扩张。
BLND vs CEVA — 直观对比
营收规模更大
BLND
是对方的1.0倍
$31.3M
营收增速更快
BLND
高出0.5%
7.1%
净利率更高
CEVA
高出4.3%
-7.8%
自由现金流更多
CEVA
多$7.3M
$-21.0K
两年增速更快
CEVA
近两年复合增速
16.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $32.4M | $31.3M |
| 净利润 | $-2.5M | $-1.1M |
| 毛利率 | 75.7% | 88.1% |
| 营业利润率 | -11.1% | -1.3% |
| 净利率 | -7.8% | -3.5% |
| 营收同比 | 7.6% | 7.1% |
| 净利润同比 | -207.0% | 36.8% |
| 每股收益（稀释后） | — | — |
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BLNDCEVA
| Q4 25 | $32.4M | $31.3M | ||
| Q3 25 | $32.7M | $28.4M | ||
| Q2 25 | $31.6M | $25.7M | ||
| Q1 25 | $26.8M | $24.2M | ||
| Q4 24 | $30.1M | $29.2M | ||
| Q3 24 | $33.1M | $27.2M | ||
| Q2 24 | $28.7M | $28.4M | ||
| Q1 24 | $23.8M | $22.1M |
净利润BLNDCEVA
| Q4 25 | $-2.5M | $-1.1M | ||
| Q3 25 | $12.1M | $-2.5M | ||
| Q2 25 | $-6.8M | $-3.7M | ||
| Q1 25 | $-9.5M | $-3.3M | ||
| Q4 24 | $-825.0K | $-1.7M | ||
| Q3 24 | $-2.4M | $-1.3M | ||
| Q2 24 | $-19.4M | $-291.0K | ||
| Q1 24 | $-20.7M | $-5.4M |
毛利率BLNDCEVA
| Q4 25 | 75.7% | 88.1% | ||
| Q3 25 | 74.3% | 88.0% | ||
| Q2 25 | 73.8% | 86.2% | ||
| Q1 25 | 70.8% | 85.6% | ||
| Q4 24 | 74.2% | 88.5% | ||
| Q3 24 | 74.0% | 85.4% | ||
| Q2 24 | 70.9% | 89.7% | ||
| Q1 24 | 67.3% | 88.7% |
营业利润率BLNDCEVA
| Q4 25 | -11.1% | -1.3% | ||
| Q3 25 | -16.4% | -7.3% | ||
| Q2 25 | -15.3% | -17.5% | ||
| Q1 25 | -29.7% | -18.1% | ||
| Q4 24 | -10.9% | 0.3% | ||
| Q3 24 | -34.1% | -9.6% | ||
| Q2 24 | -45.5% | -0.1% | ||
| Q1 24 | -89.0% | -22.5% |
净利率BLNDCEVA
| Q4 25 | -7.8% | -3.5% | ||
| Q3 25 | 37.0% | -8.8% | ||
| Q2 25 | -21.6% | -14.4% | ||
| Q1 25 | -35.5% | -13.7% | ||
| Q4 24 | -2.7% | -5.9% | ||
| Q3 24 | -7.4% | -4.8% | ||
| Q2 24 | -67.6% | -1.0% | ||
| Q1 24 | -86.7% | -24.7% |
每股收益（稀释后）BLNDCEVA
| Q4 25 | — | — | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $-0.09 | — | ||
| Q1 24 | $-0.09 | — |
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 | $68.3M | $40.6M |
| 总债务越低越好 | $0 | — |
| 股东权益账面价值 | $-30.5M | $336.5M |
| 总资产 | $170.0M | $388.3M |
| 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BLNDCEVA
| Q4 25 | $68.3M | $40.6M | ||
| Q3 25 | $77.3M | $17.3M | ||
| Q2 25 | $88.3M | $29.1M | ||
| Q1 25 | $104.8M | $18.8M | ||
| Q4 24 | $94.2M | $18.8M | ||
| Q3 24 | $112.3M | $13.2M | ||
| Q2 24 | $108.9M | $25.0M | ||
| Q1 24 | $121.1M | $21.6M |
总债务BLNDCEVA
| Q4 25 | $0 | — | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | $138.9M | — |
股东权益BLNDCEVA
| Q4 25 | $-30.5M | $336.5M | ||
| Q3 25 | $-13.4M | $268.7M | ||
| Q2 25 | $-23.1M | $265.9M | ||
| Q1 25 | $-17.2M | $269.1M | ||
| Q4 24 | $-56.4M | $266.6M | ||
| Q3 24 | $-49.6M | $265.8M | ||
| Q2 24 | $-45.5M | $263.8M | ||
| Q1 24 | $-35.8M | $262.3M |
总资产BLNDCEVA
| Q4 25 | $170.0M | $388.3M | ||
| Q3 25 | $188.6M | $306.0M | ||
| Q2 25 | $182.2M | $302.8M | ||
| Q1 25 | $187.5M | $310.0M | ||
| Q4 24 | $178.1M | $308.9M | ||
| Q3 24 | $186.1M | $304.9M | ||
| Q2 24 | $185.4M | $300.4M | ||
| Q1 24 | $201.8M | $301.4M |
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 | $1.5M | $8.7M |
| 自由现金流经营现金流 - 资本支出 | $-21.0K | $7.2M |
| 自由现金流率自由现金流/营收 | -0.1% | 23.1% |
| 资本支出强度资本支出/营收 | 4.8% | 4.8% |
| 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 | $-81.0K | $-6.3M |
8季度趋势，按日历期对齐
经营现金流BLNDCEVA
| Q4 25 | $1.5M | $8.7M | ||
| Q3 25 | $-3.6M | $-5.9M | ||
| Q2 25 | $-6.5M | $1.2M | ||
| Q1 25 | $20.1M | $-7.4M | ||
| Q4 24 | $-4.6M | $8.0M | ||
| Q3 24 | $2.1M | $399.0K | ||
| Q2 24 | $-6.7M | $2.4M | ||
| Q1 24 | $-3.9M | $-7.3M |
自由现金流BLNDCEVA
| Q4 25 | $-21.0K | $7.2M | ||
| Q3 25 | $-5.8M | $-6.3M | ||
| Q2 25 | $-10.1M | $492.0K | ||
| Q1 25 | $15.8M | $-7.7M | ||
| Q4 24 | $-7.1M | $7.0M | ||
| Q3 24 | $-1.4M | $-15.0K | ||
| Q2 24 | $-8.5M | $1.8M | ||
| Q1 24 | $-5.8M | $-8.3M |
自由现金流率BLNDCEVA
| Q4 25 | -0.1% | 23.1% | ||
| Q3 25 | -17.6% | -22.1% | ||
| Q2 25 | -31.9% | 1.9% | ||
| Q1 25 | 58.9% | -31.8% | ||
| Q4 24 | -23.5% | 24.0% | ||
| Q3 24 | -4.1% | -0.1% | ||
| Q2 24 | -29.7% | 6.2% | ||
| Q1 24 | -24.5% | -37.4% |
资本支出强度BLNDCEVA
| Q4 25 | 4.8% | 4.8% | ||
| Q3 25 | 6.5% | 1.5% | ||
| Q2 25 | 11.4% | 2.7% | ||
| Q1 25 | 16.1% | 1.3% | ||
| Q4 24 | 8.3% | 3.5% | ||
| Q3 24 | 10.4% | 1.5% | ||
| Q2 24 | 6.5% | 2.1% | ||
| Q1 24 | 8.2% | 4.1% |
现金转化率BLNDCEVA
| Q4 25 | — | — | ||
| Q3 25 | -0.30× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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
业务分部营收拆解
BLND
| Mortgage Suite | $18.9M | 58% |
| Consumer Banking Suite | $11.4M | 35% |
| Professional Services | $2.1M | 6% |
CEVA
| Transferred At Point In Time | $28.1M | 90% |
| Transferred Over Time | $3.2M | 10% |
