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黑鹰网络（BNAI）与CSP INC（CSPI）财务数据对比。点击上方公司名可切换其他公司
CSP INC的季度营收约是黑鹰网络的200.2倍（$12.0M vs $60.1K）。CSP INC净利率更高（0.8% vs -4128.4%，领先4129.1%）。黑鹰网络同比增速更快（20.2% vs -23.2%）
黑鹰网络控股是一家美国私营企业，主营预付卡、礼品卡与支付相关业务，在线上及全球零售网点渠道销售品牌实体与数字礼品、手机、预付借记卡及激励卡，业务覆盖线下门店、线上、移动端、激励方案等多个渠道，总部位于加州普莱森顿，2006年完成注册。
CSP Inc.是一家总部位于美国的科技企业，主营网络安全解决方案、托管IT服务、高性能计算系统及专业IT咨询服务，核心客户覆盖北美及部分国际市场的医疗、金融、制造、公共部门等领域的企业。
BNAI vs CSPI — 直观对比
营收规模更大
CSPI
是对方的200.2倍
$60.1K
营收增速更快
BNAI
高出43.4%
-23.2%
净利率更高
CSPI
高出4129.1%
-4128.4%
损益表 — Q3 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $60.1K | $12.0M |
| 净利润 | $-2.5M | $91.0K |
| 毛利率 | 100.0% | 39.3% |
| 营业利润率 | -3853.3% | -0.9% |
| 净利率 | -4128.4% | 0.8% |
| 营收同比 | 20.2% | -23.2% |
| 净利润同比 | 57.4% | -80.7% |
| 每股收益（稀释后） | $-0.06 | $0.01 |
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BNAICSPI
| Q4 25 | — | $12.0M | ||
| Q3 25 | $60.1K | $14.5M | ||
| Q2 25 | $5.0K | $15.4M | ||
| Q1 25 | $10.0K | $13.1M | ||
| Q4 24 | $0 | $15.7M | ||
| Q3 24 | $50.0K | $13.0M | ||
| Q2 24 | $0 | $13.1M | ||
| Q1 24 | $49.8K | $13.7M |
净利润BNAICSPI
| Q4 25 | — | $91.0K | ||
| Q3 25 | $-2.5M | $-191.0K | ||
| Q2 25 | $905.1K | $-264.0K | ||
| Q1 25 | $-3.6M | $-108.0K | ||
| Q4 24 | — | $472.0K | ||
| Q3 24 | $-5.8M | $-1.7M | ||
| Q2 24 | $-3.0M | $-185.0K | ||
| Q1 24 | $-6.9M | $1.6M |
毛利率BNAICSPI
| Q4 25 | — | 39.3% | ||
| Q3 25 | 100.0% | 36.6% | ||
| Q2 25 | 100.0% | 28.8% | ||
| Q1 25 | 100.0% | 32.0% | ||
| Q4 24 | — | 29.1% | ||
| Q3 24 | 100.0% | 28.4% | ||
| Q2 24 | — | 35.0% | ||
| Q1 24 | 100.0% | 47.3% |
营业利润率BNAICSPI
| Q4 25 | — | -0.9% | ||
| Q3 25 | -3853.3% | -3.7% | ||
| Q2 25 | -56506.2% | -7.9% | ||
| Q1 25 | -41540.9% | -7.6% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | -10559.0% | -15.7% | ||
| Q2 24 | — | -5.5% | ||
| Q1 24 | -13654.9% | 9.0% |
净利率BNAICSPI
| Q4 25 | — | 0.8% | ||
| Q3 25 | -4128.4% | -1.3% | ||
| Q2 25 | 18101.6% | -1.7% | ||
| Q1 25 | -36102.3% | -0.8% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | -11646.2% | -12.7% | ||
| Q2 24 | — | -1.4% | ||
| Q1 24 | -13826.9% | 11.6% |
每股收益（稀释后）BNAICSPI
| Q4 25 | — | $0.01 | ||
| Q3 25 | $-0.06 | $-0.02 | ||
| Q2 25 | $0.02 | $-0.03 | ||
| Q1 25 | $-0.09 | $-0.01 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | $-0.16 | $-0.17 | ||
| Q2 24 | $-0.09 | $-0.02 | ||
| Q1 24 | $-0.27 | $0.16 |
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 | $102.7K | $24.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.5M | $44.8M |
| 总资产 | $16.4M | $69.2M |
| 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BNAICSPI
| Q4 25 | — | $24.9M | ||
| Q3 25 | $102.7K | $27.4M | ||
| Q2 25 | $20.4K | $26.3M | ||
| Q1 25 | $236.2K | $29.5M | ||
| Q4 24 | $149.3K | $30.7M | ||
| Q3 24 | $72.9K | $30.6M | ||
| Q2 24 | $1.4M | $28.9M | ||
| Q1 24 | $3.3M | $27.1M |
股东权益BNAICSPI
| Q4 25 | — | $44.8M | ||
| Q3 25 | $3.5M | $44.6M | ||
| Q2 25 | $5.7M | $47.5M | ||
| Q1 25 | $3.3M | $47.5M | ||
| Q4 24 | $2.6M | $47.5M | ||
| Q3 24 | $17.8M | $47.3M | ||
| Q2 24 | $20.6M | $48.1M | ||
| Q1 24 | $20.6M | $48.2M |
总资产BNAICSPI
| Q4 25 | — | $69.2M | ||
| Q3 25 | $16.4M | $71.2M | ||
| Q2 25 | $17.0M | $66.8M | ||
| Q1 25 | $17.9M | $67.1M | ||
| Q4 24 | $18.1M | $67.5M | ||
| Q3 24 | $31.9M | $69.4M | ||
| Q2 24 | $34.1M | $66.8M | ||
| Q1 24 | $36.9M | $64.2M |
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 | $-107.3K | $-2.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-3.0M |
| 自由现金流率自由现金流/营收 | — | -25.1% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | — | -32.04× |
| 过去12个月自由现金流最近4个季度 | — | $-2.8M |
8季度趋势，按日历期对齐
经营现金流BNAICSPI
| Q4 25 | — | $-2.9M | ||
| Q3 25 | $-107.3K | $1.9M | ||
| Q2 25 | $-2.6M | $-3.3M | ||
| Q1 25 | $-2.6M | $1.9M | ||
| Q4 24 | $-14.0M | $1.7M | ||
| Q3 24 | $-3.1M | $-1.5M | ||
| Q2 24 | $-4.1M | $2.4M | ||
| Q1 24 | $-4.5M | $1.7M |
自由现金流BNAICSPI
| Q4 25 | — | $-3.0M | ||
| Q3 25 | — | $1.7M | ||
| Q2 25 | — | $-3.3M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | $-14.1M | $1.7M | ||
| Q3 24 | $-3.1M | $-1.5M | ||
| Q2 24 | $-4.1M | $2.4M | ||
| Q1 24 | $-4.6M | $1.6M |
自由现金流率BNAICSPI
| Q4 25 | — | -25.1% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | -21.7% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | -6159.9% | -11.7% | ||
| Q2 24 | — | 17.9% | ||
| Q1 24 | -9164.4% | 11.9% |
资本支出强度BNAICSPI
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | 0.0% | 0.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 53.4% | 0.1% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | 26.2% | 0.1% |
现金转化率BNAICSPI
| Q4 25 | — | -32.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | -2.88× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.69× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.04× |
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
BNAI
暂无分部数据
CSPI
| Products | $6.7M | 56% |
| Services | $5.3M | 44% |
