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Ceribell, Inc.（CBLL）与Reservoir Media, Inc.（RSVR）财务数据对比。点击上方公司名可切换其他公司
Reservoir Media, Inc.的季度营收约是Ceribell, Inc.的1.8倍（$45.6M vs $24.8M），Reservoir Media, Inc.净利率更高（4.8% vs -54.6%，领先59.4%），Reservoir Media, Inc.自由现金流更多（$12.8M vs $-11.0M）
Ceribell, Inc.是一家专注于神经诊断领域的医疗科技企业，主打便携式快速脑电图检测设备，可为急症、重症护理场景提供便捷的癫痫发作监测解决方案，核心市场覆盖北美地区，目前正逐步推进全球化业务布局。
Reservoir Media是全球领先的独立音乐版权管理企业，拥有并管理海量录音、音乐出版及邻接权版权库，合作各流派知名词曲作者、歌手与制作人，为流媒体平台、影视制作、广告、现场演出等场景提供版权授权服务，业务覆盖北美、欧洲、亚太等主要市场。
CBLL vs RSVR — 直观对比
营收规模更大
RSVR
是对方的1.8倍
$24.8M
净利率更高
RSVR
高出59.4%
-54.6%
自由现金流更多
RSVR
多$23.7M
$-11.0M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $24.8M | $45.6M |
| 净利润 | $-13.5M | $2.2M |
| 毛利率 | 87.3% | 64.5% |
| 营业利润率 | -58.9% | 22.7% |
| 净利率 | -54.6% | 4.8% |
| 营收同比 | — | 7.7% |
| 净利润同比 | — | -58.1% |
| 每股收益（稀释后） | $-0.35 | $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
营收CBLLRSVR
| Q4 25 | $24.8M | $45.6M | ||
| Q3 25 | $22.6M | $45.4M | ||
| Q2 25 | $21.2M | $37.2M | ||
| Q1 25 | $20.5M | $41.4M | ||
| Q4 24 | — | $42.3M | ||
| Q3 24 | $17.2M | $40.7M | ||
| Q2 24 | — | $34.3M | ||
| Q1 24 | — | $39.1M |
净利润CBLLRSVR
| Q4 25 | $-13.5M | $2.2M | ||
| Q3 25 | $-13.5M | $2.3M | ||
| Q2 25 | $-13.6M | $-555.7K | ||
| Q1 25 | $-12.8M | $2.7M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | $-10.4M | $185.0K | ||
| Q2 24 | — | $-346.7K | ||
| Q1 24 | — | $2.8M |
毛利率CBLLRSVR
| Q4 25 | 87.3% | 64.5% | ||
| Q3 25 | 88.3% | 63.6% | ||
| Q2 25 | 88.1% | 64.5% | ||
| Q1 25 | 87.9% | 65.6% | ||
| Q4 24 | — | 64.4% | ||
| Q3 24 | 87.3% | 63.5% | ||
| Q2 24 | — | 61.3% | ||
| Q1 24 | — | 63.4% |
营业利润率CBLLRSVR
| Q4 25 | -58.9% | 22.7% | ||
| Q3 25 | -64.8% | 23.5% | ||
| Q2 25 | -70.5% | 14.7% | ||
| Q1 25 | -69.3% | 25.2% | ||
| Q4 24 | — | 22.6% | ||
| Q3 24 | -57.8% | 24.9% | ||
| Q2 24 | — | 14.5% | ||
| Q1 24 | — | 22.4% |
净利率CBLLRSVR
| Q4 25 | -54.6% | 4.8% | ||
| Q3 25 | -59.6% | 5.0% | ||
| Q2 25 | -64.4% | -1.5% | ||
| Q1 25 | -62.4% | 6.4% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | -60.6% | 0.5% | ||
| Q2 24 | — | -1.0% | ||
| Q1 24 | — | 7.1% |
每股收益（稀释后）CBLLRSVR
| Q4 25 | $-0.35 | $0.03 | ||
| Q3 25 | $-0.37 | $0.03 | ||
| Q2 25 | $-0.38 | $-0.01 | ||
| Q1 25 | $-0.36 | — | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | $-1.85 | — | ||
| Q2 24 | — | $-0.01 | ||
| Q1 24 | — | — |
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 | $159.3M | $20.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $155.3M | $373.6M |
| 总资产 | $195.8M | $941.9M |
| 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CBLLRSVR
| Q4 25 | $159.3M | $20.6M | ||
| Q3 25 | $168.5M | $27.9M | ||
| Q2 25 | $177.4M | $14.9M | ||
| Q1 25 | $182.7M | $21.4M | ||
| Q4 24 | — | $17.8M | ||
| Q3 24 | $14.1M | $21.1M | ||
| Q2 24 | — | $16.4M | ||
| Q1 24 | — | $18.1M |
股东权益CBLLRSVR
| Q4 25 | $155.3M | $373.6M | ||
| Q3 25 | $164.1M | $370.9M | ||
| Q2 25 | $172.2M | $368.9M | ||
| Q1 25 | $180.9M | $364.9M | ||
| Q4 24 | — | $359.5M | ||
| Q3 24 | $-136.0M | $357.9M | ||
| Q2 24 | — | $353.0M | ||
| Q1 24 | — | $353.0M |
总资产CBLLRSVR
| Q4 25 | $195.8M | $941.9M | ||
| Q3 25 | $199.5M | $903.5M | ||
| Q2 25 | $207.7M | $857.0M | ||
| Q1 25 | $213.5M | $865.1M | ||
| Q4 24 | — | $832.4M | ||
| Q3 24 | $47.1M | $778.2M | ||
| Q2 24 | — | $768.2M | ||
| Q1 24 | — | $783.5M |
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 | $-10.8M | $12.9M |
| 自由现金流经营现金流 - 资本支出 | $-11.0M | $12.8M |
| 自由现金流率自由现金流/营收 | -44.2% | 28.1% |
| 资本支出强度资本支出/营收 | 0.7% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 5.89× |
| 过去12个月自由现金流最近4个季度 | $-41.6M | $50.1M |
8季度趋势，按日历期对齐
经营现金流CBLLRSVR
| Q4 25 | $-10.8M | $12.9M | ||
| Q3 25 | $-11.1M | $19.3M | ||
| Q2 25 | $-7.5M | $6.0M | ||
| Q1 25 | $-11.4M | $12.2M | ||
| Q4 24 | — | $11.2M | ||
| Q3 24 | — | $13.3M | ||
| Q2 24 | — | $8.6M | ||
| Q1 24 | — | $13.8M |
自由现金流CBLLRSVR
| Q4 25 | $-11.0M | $12.8M | ||
| Q3 25 | $-11.5M | $19.2M | ||
| Q2 25 | $-7.6M | $6.0M | ||
| Q1 25 | $-11.6M | $12.2M | ||
| Q4 24 | — | $11.2M | ||
| Q3 24 | — | $13.3M | ||
| Q2 24 | — | $8.5M | ||
| Q1 24 | — | $13.8M |
自由现金流率CBLLRSVR
| Q4 25 | -44.2% | 28.1% | ||
| Q3 25 | -50.8% | 42.2% | ||
| Q2 25 | -35.9% | 16.1% | ||
| Q1 25 | -56.4% | 29.3% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 24.9% | ||
| Q1 24 | — | 35.2% |
资本支出强度CBLLRSVR
| Q4 25 | 0.7% | 0.3% | ||
| Q3 25 | 1.6% | 0.3% | ||
| Q2 25 | 0.3% | 0.1% | ||
| Q1 25 | 0.7% | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.0% |
现金转化率CBLLRSVR
| Q4 25 | — | 5.89× | ||
| Q3 25 | — | 8.54× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 4.56× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 71.97× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 4.93× |
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
CBLL
| Products | $18.8M | 76% |
| Subscription | $6.0M | 24% |
RSVR
| Other | $18.9M | 42% |
| Recorded Music Segment | $12.9M | 28% |
| Performance | $6.2M | 14% |
| Synchronization | $4.6M | 10% |
| Physical | $1.9M | 4% |
| Neighboring Rights | $1.1M | 3% |
