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Braze, Inc.（BRZE）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
Braze, Inc.的季度营收约是BRC Group Holdings, Inc.的1.0倍（$190.8M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs -18.9%，领先66.8%），Braze, Inc.同比增速更快（25.5% vs -21.9%），过去两年Braze, Inc.的营收复合增速更高（20.7% vs -15.4%）
Braze是一家总部位于美国纽约的云软件企业，专注于客户互动平台开发，旗下产品可帮助企业开展多渠道营销活动，为品牌与用户的高效连接提供技术支持。
BRZE vs RILY — 直观对比
营收规模更大
BRZE
是对方的1.0倍
$188.3M
营收增速更快
BRZE
高出47.4%
-21.9%
净利率更高
RILY
高出66.8%
-18.9%
两年增速更快
BRZE
近两年复合增速
-15.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $190.8M | $188.3M |
| 净利润 | $-36.0M | $90.3M |
| 毛利率 | 67.2% | 79.5% |
| 营业利润率 | -19.7% | 32.3% |
| 净利率 | -18.9% | 47.9% |
| 营收同比 | 25.5% | -21.9% |
| 净利润同比 | -29.0% | 1710.8% |
| 每股收益（稀释后） | $-0.33 | $2.78 |
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BRZERILY
| Q4 25 | $190.8M | $188.3M | ||
| Q3 25 | $180.1M | $215.3M | ||
| Q2 25 | $162.1M | $188.2M | ||
| Q1 25 | $160.4M | $197.2M | ||
| Q4 24 | $152.1M | $241.0M | ||
| Q3 24 | $145.5M | $225.5M | ||
| Q2 24 | $135.5M | $256.0M | ||
| Q1 24 | $131.0M | $263.4M |
净利润BRZERILY
| Q4 25 | $-36.0M | $90.3M | ||
| Q3 25 | $-27.9M | $91.1M | ||
| Q2 25 | $-35.8M | $139.5M | ||
| Q1 25 | $-17.2M | $-10.0M | ||
| Q4 24 | $-27.9M | $-5.6M | ||
| Q3 24 | $-23.0M | $-284.4M | ||
| Q2 24 | $-35.6M | $-433.6M | ||
| Q1 24 | $-28.3M | $-49.2M |
毛利率BRZERILY
| Q4 25 | 67.2% | 79.5% | ||
| Q3 25 | 67.7% | 83.7% | ||
| Q2 25 | 68.6% | 81.3% | ||
| Q1 25 | 69.3% | 81.4% | ||
| Q4 24 | 69.8% | 79.8% | ||
| Q3 24 | 70.2% | 82.1% | ||
| Q2 24 | 67.1% | 84.5% | ||
| Q1 24 | 67.2% | 85.3% |
营业利润率BRZERILY
| Q4 25 | -19.7% | 32.3% | ||
| Q3 25 | -21.5% | 30.4% | ||
| Q2 25 | -24.8% | 5.7% | ||
| Q1 25 | -13.4% | -31.2% | ||
| Q4 24 | -21.4% | -69.2% | ||
| Q3 24 | -19.2% | -36.4% | ||
| Q2 24 | -29.6% | -90.8% | ||
| Q1 24 | -24.7% | -6.1% |
净利率BRZERILY
| Q4 25 | -18.9% | 47.9% | ||
| Q3 25 | -15.5% | 42.3% | ||
| Q2 25 | -22.1% | 74.1% | ||
| Q1 25 | -10.7% | -5.1% | ||
| Q4 24 | -18.4% | -2.3% | ||
| Q3 24 | -15.8% | -126.1% | ||
| Q2 24 | -26.3% | -169.4% | ||
| Q1 24 | -21.6% | -18.7% |
每股收益（稀释后）BRZERILY
| Q4 25 | $-0.33 | $2.78 | ||
| Q3 25 | $-0.26 | $2.91 | ||
| Q2 25 | $-0.34 | $4.50 | ||
| Q1 25 | $-0.17 | $-0.39 | ||
| Q4 24 | $-0.27 | $-0.01 | ||
| Q3 24 | $-0.23 | $-9.39 | ||
| Q2 24 | $-0.35 | $-14.35 | ||
| Q1 24 | $-0.28 | $-1.71 |
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 | $97.8M | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $602.0M | $-171.5M |
| 总资产 | $1.0B | $1.7B |
| 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BRZERILY
| Q4 25 | $97.8M | $226.6M | ||
| Q3 25 | $81.0M | $184.2M | ||
| Q2 25 | $231.5M | $267.4M | ||
| Q1 25 | $83.1M | $138.3M | ||
| Q4 24 | $61.3M | $146.9M | ||
| Q3 24 | $79.1M | $159.2M | ||
| Q2 24 | $74.8M | $236.9M | ||
| Q1 24 | $68.2M | $190.7M |
总债务BRZERILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BRZERILY
| Q4 25 | $602.0M | $-171.5M | ||
| Q3 25 | $598.9M | $-260.5M | ||
| Q2 25 | $474.4M | $-351.7M | ||
| Q1 25 | $474.9M | $-496.8M | ||
| Q4 24 | $458.1M | $-488.2M | ||
| Q3 24 | $453.7M | $-497.6M | ||
| Q2 24 | $436.1M | $-218.3M | ||
| Q1 24 | $444.2M | $228.4M |
总资产BRZERILY
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $1.0B | $1.7B | ||
| Q2 25 | $889.1M | $1.5B | ||
| Q1 25 | $871.0M | $1.5B | ||
| Q4 24 | $842.0M | $1.8B | ||
| Q3 24 | $825.6M | $2.2B | ||
| Q2 24 | $816.1M | $3.2B | ||
| Q1 24 | $810.9M | $5.0B |
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 | $21.0M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | — |
| 自由现金流率自由现金流/营收 | 10.0% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | — | 0.29× |
| 过去12个月自由现金流最近4个季度 | $63.3M | — |
8季度趋势，按日历期对齐
经营现金流BRZERILY
| Q4 25 | $21.0M | $26.2M | ||
| Q3 25 | $7.0M | $-60.6M | ||
| Q2 25 | $24.1M | $-25.6M | ||
| Q1 25 | $17.1M | $184.0K | ||
| Q4 24 | $-11.4M | $-2.7M | ||
| Q3 24 | $11.6M | $19.5M | ||
| Q2 24 | $19.4M | $111.5M | ||
| Q1 24 | $3.8M | $135.4M |
自由现金流BRZERILY
| Q4 25 | $19.0M | — | ||
| Q3 25 | $4.3M | — | ||
| Q2 25 | $23.9M | — | ||
| Q1 25 | $16.0M | — | ||
| Q4 24 | $-13.3M | — | ||
| Q3 24 | $8.3M | — | ||
| Q2 24 | $12.5M | — | ||
| Q1 24 | $-2.5M | — |
自由现金流率BRZERILY
| Q4 25 | 10.0% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | -8.8% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | -1.9% | — |
资本支出强度BRZERILY
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 4.8% | — |
现金转化率BRZERILY
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| 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
BRZE
| Subscription Revenue | $181.7M | 95% |
| Professional Services Revenue | $9.2M | 5% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
