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Blend Labs, Inc.（BLND）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Snap Inc的季度营收约是Blend Labs, Inc.的53.0倍（$1.7B vs $32.4M）。Snap Inc净利率更高（2.6% vs -7.8%，领先10.4%）。Snap Inc同比增速更快（10.2% vs 7.6%）。Snap Inc自由现金流更多（$205.6M vs $-21.0K）。过去两年Snap Inc的营收复合增速更高（19.9% 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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
BLND vs SNAP — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $32.4M | $1.7B |
| 净利润 | $-2.5M | $45.2M |
| 毛利率 | 75.7% | 59.1% |
| 营业利润率 | -11.1% | 2.9% |
| 净利率 | -7.8% | 2.6% |
| 营收同比 | 7.6% | 10.2% |
| 净利润同比 | -207.0% | 396.7% |
| 每股收益（稀释后） | — | $0.03 |
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
| Q4 25 | $32.4M | $1.7B | ||
| Q3 25 | $32.7M | $1.5B | ||
| Q2 25 | $31.6M | $1.3B | ||
| Q1 25 | $26.8M | $1.4B | ||
| Q4 24 | $30.1M | $1.6B | ||
| Q3 24 | $33.1M | $1.4B | ||
| Q2 24 | $28.7M | $1.2B | ||
| Q1 24 | $23.8M | $1.2B |
| Q4 25 | $-2.5M | $45.2M | ||
| Q3 25 | $12.1M | $-103.5M | ||
| Q2 25 | $-6.8M | $-262.6M | ||
| Q1 25 | $-9.5M | $-139.6M | ||
| Q4 24 | $-825.0K | $9.1M | ||
| Q3 24 | $-2.4M | $-153.2M | ||
| Q2 24 | $-19.4M | $-248.6M | ||
| Q1 24 | $-20.7M | $-305.1M |
| Q4 25 | 75.7% | 59.1% | ||
| Q3 25 | 74.3% | 55.3% | ||
| Q2 25 | 73.8% | 51.4% | ||
| Q1 25 | 70.8% | 53.1% | ||
| Q4 24 | 74.2% | 56.9% | ||
| Q3 24 | 74.0% | 53.5% | ||
| Q2 24 | 70.9% | 52.4% | ||
| Q1 24 | 67.3% | 51.9% |
| Q4 25 | -11.1% | 2.9% | ||
| Q3 25 | -16.4% | -8.5% | ||
| Q2 25 | -15.3% | -19.3% | ||
| Q1 25 | -29.7% | -14.2% | ||
| Q4 24 | -10.9% | -1.7% | ||
| Q3 24 | -34.1% | -12.6% | ||
| Q2 24 | -45.5% | -20.5% | ||
| Q1 24 | -89.0% | -27.9% |
| Q4 25 | -7.8% | 2.6% | ||
| Q3 25 | 37.0% | -6.9% | ||
| Q2 25 | -21.6% | -19.5% | ||
| Q1 25 | -35.5% | -10.2% | ||
| Q4 24 | -2.7% | 0.6% | ||
| Q3 24 | -7.4% | -11.2% | ||
| Q2 24 | -67.6% | -20.1% | ||
| Q1 24 | -86.7% | -25.5% |
| Q4 25 | — | $0.03 | ||
| Q3 25 | $0.02 | $-0.06 | ||
| Q2 25 | — | $-0.16 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | $-0.03 | $0.01 | ||
| Q3 24 | $-0.03 | $-0.09 | ||
| Q2 24 | $-0.09 | $-0.15 | ||
| Q1 24 | $-0.09 | $-0.19 |
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 | $2.9B |
| 总债务越低越好 | $0 | $3.5B |
| 股东权益账面价值 | $-30.5M | $2.3B |
| 总资产 | $170.0M | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
| Q4 25 | $68.3M | $2.9B | ||
| Q3 25 | $77.3M | $3.0B | ||
| Q2 25 | $88.3M | $2.9B | ||
| Q1 25 | $104.8M | $3.2B | ||
| Q4 24 | $94.2M | $3.4B | ||
| Q3 24 | $112.3M | $3.2B | ||
| Q2 24 | $108.9M | $3.1B | ||
| Q1 24 | $121.1M | $2.9B |
| Q4 25 | $0 | $3.5B | ||
| Q3 25 | $0 | $3.5B | ||
| Q2 25 | $0 | $3.6B | ||
| Q1 25 | $0 | $3.6B | ||
| Q4 24 | $0 | $3.6B | ||
| Q3 24 | $0 | $3.6B | ||
| Q2 24 | $0 | $3.6B | ||
| Q1 24 | $138.9M | $3.3B |
| Q4 25 | $-30.5M | $2.3B | ||
| Q3 25 | $-13.4M | $2.2B | ||
| Q2 25 | $-23.1M | $2.1B | ||
| Q1 25 | $-17.2M | $2.3B | ||
| Q4 24 | $-56.4M | $2.5B | ||
| Q3 24 | $-49.6M | $2.2B | ||
| Q2 24 | $-45.5M | $2.1B | ||
| Q1 24 | $-35.8M | $2.1B |
| Q4 25 | $170.0M | $7.7B | ||
| Q3 25 | $188.6M | $7.6B | ||
| Q2 25 | $182.2M | $7.4B | ||
| Q1 25 | $187.5M | $7.6B | ||
| Q4 24 | $178.1M | $7.9B | ||
| Q3 24 | $186.1M | $7.6B | ||
| Q2 24 | $185.4M | $7.4B | ||
| Q1 24 | $201.8M | $7.2B |
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.76× | ||
| Q1 24 | — | 1.55× |
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 | $269.6M |
| 自由现金流经营现金流 - 资本支出 | $-21.0K | $205.6M |
| 自由现金流率自由现金流/营收 | -0.1% | 12.0% |
| 资本支出强度资本支出/营收 | 4.8% | 3.7% |
| 现金转化率经营现金流/净利润 | — | 5.96× |
| 过去12个月自由现金流最近4个季度 | $-81.0K | $437.2M |
8季度趋势，按日历期对齐
| Q4 25 | $1.5M | $269.6M | ||
| Q3 25 | $-3.6M | $146.5M | ||
| Q2 25 | $-6.5M | $88.5M | ||
| Q1 25 | $20.1M | $151.6M | ||
| Q4 24 | $-4.6M | $230.6M | ||
| Q3 24 | $2.1M | $115.9M | ||
| Q2 24 | $-6.7M | $-21.4M | ||
| Q1 24 | $-3.9M | $88.4M |
| Q4 25 | $-21.0K | $205.6M | ||
| Q3 25 | $-5.8M | $93.4M | ||
| Q2 25 | $-10.1M | $23.8M | ||
| Q1 25 | $15.8M | $114.4M | ||
| Q4 24 | $-7.1M | $182.4M | ||
| Q3 24 | $-1.4M | $71.8M | ||
| Q2 24 | $-8.5M | $-73.4M | ||
| Q1 24 | $-5.8M | $37.9M |
| Q4 25 | -0.1% | 12.0% | ||
| Q3 25 | -17.6% | 6.2% | ||
| Q2 25 | -31.9% | 1.8% | ||
| Q1 25 | 58.9% | 8.4% | ||
| Q4 24 | -23.5% | 11.7% | ||
| Q3 24 | -4.1% | 5.2% | ||
| Q2 24 | -29.7% | -5.9% | ||
| Q1 24 | -24.5% | 3.2% |
| Q4 25 | 4.8% | 3.7% | ||
| Q3 25 | 6.5% | 3.5% | ||
| Q2 25 | 11.4% | 4.8% | ||
| Q1 25 | 16.1% | 2.7% | ||
| Q4 24 | 8.3% | 3.1% | ||
| Q3 24 | 10.4% | 3.2% | ||
| Q2 24 | 6.5% | 4.2% | ||
| Q1 24 | 8.2% | 4.2% |
| Q4 25 | — | 5.96× | ||
| Q3 25 | -0.30× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 25.34× | ||
| 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% |
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
