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Confluent, Inc.（CFLT）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
Confluent, Inc.的季度营收约是BRC Group Holdings, Inc.的1.7倍（$314.8M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs -25.2%，领先73.1%），Confluent, Inc.同比增速更快（20.5% vs -21.9%），过去两年Confluent, Inc.的营收复合增速更高（20.4% vs -15.4%）
Confluent Inc是总部位于美国加利福尼亚州山景城的科技企业，由杰伊·克雷普斯、饶军、内哈·纳克赫德于2014年创立，核心业务为商业化三人2008年在LinkedIn任职时开发的开源流处理平台Apache Kafka，旗下产品包括Confluent Cloud云服务、Confluent Platform平台、连接器、Apache Flink、流治理套件及Confluent Hub等。
CFLT vs RILY — 直观对比
营收规模更大
CFLT
是对方的1.7倍
$188.3M
营收增速更快
CFLT
高出42.4%
-21.9%
净利率更高
RILY
高出73.1%
-25.2%
两年增速更快
CFLT
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $314.8M | $188.3M |
| 净利润 | $-79.2M | $90.3M |
| 毛利率 | 74.7% | 79.5% |
| 营业利润率 | -31.5% | 32.3% |
| 净利率 | -25.2% | 47.9% |
| 营收同比 | 20.5% | -21.9% |
| 净利润同比 | 10.0% | 1710.8% |
| 每股收益（稀释后） | $-0.23 | $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CFLTRILY
| Q4 25 | $314.8M | $188.3M | ||
| Q3 25 | $298.5M | $215.3M | ||
| Q2 25 | $282.3M | $188.2M | ||
| Q1 25 | $271.1M | $197.2M | ||
| Q4 24 | $261.2M | $241.0M | ||
| Q3 24 | $250.2M | $225.5M | ||
| Q2 24 | $235.0M | $256.0M | ||
| Q1 24 | $217.2M | $263.4M |
净利润CFLTRILY
| Q4 25 | $-79.2M | $90.3M | ||
| Q3 25 | $-66.5M | $91.1M | ||
| Q2 25 | $-82.0M | $139.5M | ||
| Q1 25 | $-67.6M | $-10.0M | ||
| Q4 24 | $-88.1M | $-5.6M | ||
| Q3 24 | $-74.1M | $-284.4M | ||
| Q2 24 | $-89.9M | $-433.6M | ||
| Q1 24 | $-93.0M | $-49.2M |
毛利率CFLTRILY
| Q4 25 | 74.7% | 79.5% | ||
| Q3 25 | 74.2% | 83.7% | ||
| Q2 25 | 73.7% | 81.3% | ||
| Q1 25 | 74.5% | 81.4% | ||
| Q4 24 | 74.1% | 79.8% | ||
| Q3 24 | 74.5% | 82.1% | ||
| Q2 24 | 72.3% | 84.5% | ||
| Q1 24 | 71.8% | 85.3% |
营业利润率CFLTRILY
| Q4 25 | -31.5% | 32.3% | ||
| Q3 25 | -27.9% | 30.4% | ||
| Q2 25 | -34.2% | 5.7% | ||
| Q1 25 | -37.3% | -31.2% | ||
| Q4 24 | -40.5% | -69.2% | ||
| Q3 24 | -37.4% | -36.4% | ||
| Q2 24 | -46.1% | -90.8% | ||
| Q1 24 | -51.3% | -6.1% |
净利率CFLTRILY
| Q4 25 | -25.2% | 47.9% | ||
| Q3 25 | -22.3% | 42.3% | ||
| Q2 25 | -29.0% | 74.1% | ||
| Q1 25 | -24.9% | -5.1% | ||
| Q4 24 | -33.7% | -2.3% | ||
| Q3 24 | -29.6% | -126.1% | ||
| Q2 24 | -38.3% | -169.4% | ||
| Q1 24 | -42.8% | -18.7% |
每股收益（稀释后）CFLTRILY
| Q4 25 | $-0.23 | $2.78 | ||
| Q3 25 | $-0.19 | $2.91 | ||
| Q2 25 | $-0.24 | $4.50 | ||
| Q1 25 | $-0.20 | $-0.39 | ||
| Q4 24 | $-0.26 | $-0.01 | ||
| Q3 24 | $-0.23 | $-9.39 | ||
| Q2 24 | $-0.28 | $-14.35 | ||
| Q1 24 | $-0.30 | $-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 | $347.2M | $226.6M |
| 总债务越低越好 | $1.1B | $1.4B |
| 股东权益账面价值 | $1.2B | $-171.5M |
| 总资产 | $3.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.94× | — |
8季度趋势，按日历期对齐
现金及短期投资CFLTRILY
| Q4 25 | $347.2M | $226.6M | ||
| Q3 25 | $298.5M | $184.2M | ||
| Q2 25 | $295.6M | $267.4M | ||
| Q1 25 | $278.6M | $138.3M | ||
| Q4 24 | $386.0M | $146.9M | ||
| Q3 24 | $322.6M | $159.2M | ||
| Q2 24 | $311.3M | $236.9M | ||
| Q1 24 | $336.4M | $190.7M |
总债务CFLTRILY
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
股东权益CFLTRILY
| Q4 25 | $1.2B | $-171.5M | ||
| Q3 25 | $1.1B | $-260.5M | ||
| Q2 25 | $1.1B | $-351.7M | ||
| Q1 25 | $1.0B | $-496.8M | ||
| Q4 24 | $961.2M | $-488.2M | ||
| Q3 24 | $934.3M | $-497.6M | ||
| Q2 24 | $873.9M | $-218.3M | ||
| Q1 24 | $845.2M | $228.4M |
总资产CFLTRILY
| Q4 25 | $3.0B | $1.7B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $2.8B | $1.5B | ||
| Q1 25 | $2.7B | $1.5B | ||
| Q4 24 | $2.7B | $1.8B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.5B | $3.2B | ||
| Q1 24 | $2.4B | $5.0B |
负债/权益比CFLTRILY
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.25× | — | ||
| Q1 24 | 1.29× | — |
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 | $42.1M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $41.7M | — |
| 自由现金流率自由现金流/营收 | 13.2% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 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 | $60.7M | — |
8季度趋势，按日历期对齐
经营现金流CFLTRILY
| Q4 25 | $42.1M | $26.2M | ||
| Q3 25 | $30.8M | $-60.6M | ||
| Q2 25 | $18.1M | $-25.6M | ||
| Q1 25 | $-26.8M | $184.0K | ||
| Q4 24 | $35.2M | $-2.7M | ||
| Q3 24 | $15.6M | $19.5M | ||
| Q2 24 | $8.6M | $111.5M | ||
| Q1 24 | $-26.0M | $135.4M |
自由现金流CFLTRILY
| Q4 25 | $41.7M | — | ||
| Q3 25 | $30.0M | — | ||
| Q2 25 | $17.2M | — | ||
| Q1 25 | $-28.2M | — | ||
| Q4 24 | $34.5M | — | ||
| Q3 24 | $15.0M | — | ||
| Q2 24 | $7.5M | — | ||
| Q1 24 | $-26.1M | — |
自由现金流率CFLTRILY
| Q4 25 | 13.2% | — | ||
| Q3 25 | 10.0% | — | ||
| Q2 25 | 6.1% | — | ||
| Q1 25 | -10.4% | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | -12.0% | — |
资本支出强度CFLTRILY
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.1% | — |
现金转化率CFLTRILY
| 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
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 4% |
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% |
