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CHEGG, INC（CHGG）与Repay Holdings Corp（RPAY）财务数据对比。点击上方公司名可切换其他公司
Repay Holdings Corp的季度营收约是CHEGG, INC的1.1倍（$78.6M vs $72.7M），Repay Holdings Corp同比增速更快（0.4% vs -49.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $-15.5M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -35.4%）
Chegg是一家总部位于美国加利福尼亚州圣克拉拉的教育科技公司，依托人工智能技术，为学生提供作业辅导、数字及实体教材租赁、在线辅导等各类学生服务，目前拥有660万订阅用户，也因被指协助学生作弊、违反学术诚信而广受批评。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
CHGG vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.1倍
$72.7M
营收增速更快
RPAY
高出49.8%
-49.4%
自由现金流更多
RPAY
多$38.7M
$-15.5M
两年增速更快
RPAY
近两年复合增速
-35.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $72.7M | $78.6M |
| 净利润 | — | $-140.1M |
| 毛利率 | 57.3% | 74.2% |
| 营业利润率 | -47.2% | -182.2% |
| 净利率 | — | -178.3% |
| 营收同比 | -49.4% | 0.4% |
| 净利润同比 | — | -3304.1% |
| 每股收益（稀释后） | $-0.30 | $-1.68 |
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CHGGRPAY
| Q4 25 | $72.7M | $78.6M | ||
| Q3 25 | $77.7M | $77.7M | ||
| Q2 25 | $105.1M | $75.6M | ||
| Q1 25 | $121.4M | $77.3M | ||
| Q4 24 | $143.5M | $78.3M | ||
| Q3 24 | $136.6M | $79.1M | ||
| Q2 24 | $163.1M | $74.9M | ||
| Q1 24 | $174.3M | $80.7M |
净利润CHGGRPAY
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $-17.5M | $-6.4M | ||
| Q2 25 | $-35.7M | $-102.3M | ||
| Q1 25 | $-17.5M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $-212.6M | $3.2M | ||
| Q2 24 | $-616.9M | $-4.1M | ||
| Q1 24 | $-1.4M | $-5.2M |
毛利率CHGGRPAY
| Q4 25 | 57.3% | 74.2% | ||
| Q3 25 | 59.2% | 74.4% | ||
| Q2 25 | 66.3% | 75.7% | ||
| Q1 25 | 55.5% | 75.9% | ||
| Q4 24 | 68.2% | 76.3% | ||
| Q3 24 | 68.2% | 77.8% | ||
| Q2 24 | 72.2% | 78.2% | ||
| Q1 24 | 73.3% | 76.2% |
营业利润率CHGGRPAY
| Q4 25 | -47.2% | -182.2% | ||
| Q3 25 | -22.0% | -3.9% | ||
| Q2 25 | -34.7% | -138.7% | ||
| Q1 25 | -23.9% | -4.7% | ||
| Q4 24 | -19.0% | -1.5% | ||
| Q3 24 | -162.7% | -0.9% | ||
| Q2 24 | -297.3% | -4.6% | ||
| Q1 24 | -1.4% | -3.1% |
净利率CHGGRPAY
| Q4 25 | — | -178.3% | ||
| Q3 25 | -22.5% | -8.3% | ||
| Q2 25 | -33.9% | -135.2% | ||
| Q1 25 | -14.4% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | -155.7% | 4.1% | ||
| Q2 24 | -378.1% | -5.4% | ||
| Q1 24 | -0.8% | -6.5% |
每股收益（稀释后）CHGGRPAY
| Q4 25 | $-0.30 | $-1.68 | ||
| Q3 25 | $-0.16 | $-0.08 | ||
| Q2 25 | $-0.33 | $-1.15 | ||
| Q1 25 | $-0.17 | $-0.09 | ||
| Q4 24 | $-0.03 | $-0.04 | ||
| Q3 24 | $-2.05 | $0.03 | ||
| Q2 24 | $-6.01 | $-0.04 | ||
| Q1 24 | $-0.01 | $-0.06 |
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 | $72.8M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $119.6M | $484.4M |
| 总资产 | $278.0M | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资CHGGRPAY
| Q4 25 | $72.8M | $115.7M | ||
| Q3 25 | $96.4M | $95.7M | ||
| Q2 25 | $85.6M | $162.6M | ||
| Q1 25 | $88.3M | $165.5M | ||
| Q4 24 | $315.7M | $189.5M | ||
| Q3 24 | $361.1M | $168.7M | ||
| Q2 24 | $345.5M | $147.1M | ||
| Q1 24 | $390.8M | $128.3M |
总债务CHGGRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益CHGGRPAY
| Q4 25 | $119.6M | $484.4M | ||
| Q3 25 | $146.1M | $616.9M | ||
| Q2 25 | $157.9M | $633.7M | ||
| Q1 25 | $185.7M | $755.7M | ||
| Q4 24 | $193.0M | $761.3M | ||
| Q3 24 | $185.0M | $754.7M | ||
| Q2 24 | $365.5M | $815.4M | ||
| Q1 24 | $963.5M | $813.8M |
总资产CHGGRPAY
| Q4 25 | $278.0M | $1.2B | ||
| Q3 25 | $378.3M | $1.3B | ||
| Q2 25 | $404.5M | $1.4B | ||
| Q1 25 | $438.8M | $1.5B | ||
| Q4 24 | $869.0M | $1.6B | ||
| Q3 24 | $1.0B | $1.6B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.7B | $1.5B |
负债/权益比CHGGRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $-9.0M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-15.5M | $23.2M |
| 自由现金流率自由现金流/营收 | -21.3% | 29.6% |
| 资本支出强度资本支出/营收 | 8.9% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-12.6M | $90.7M |
8季度趋势，按日历期对齐
经营现金流CHGGRPAY
| Q4 25 | $-9.0M | $23.3M | ||
| Q3 25 | $4.8M | $32.2M | ||
| Q2 25 | $-4.8M | $33.1M | ||
| Q1 25 | $24.5M | $2.5M | ||
| Q4 24 | $18.1M | $34.3M | ||
| Q3 24 | $39.5M | $60.1M | ||
| Q2 24 | $14.2M | $31.0M | ||
| Q1 24 | $53.3M | $24.8M |
自由现金流CHGGRPAY
| Q4 25 | $-15.5M | $23.2M | ||
| Q3 25 | $-943.0K | $32.1M | ||
| Q2 25 | $-12.1M | $33.0M | ||
| Q1 25 | $15.9M | $2.4M | ||
| Q4 24 | $4.8M | $34.0M | ||
| Q3 24 | $23.7M | $59.8M | ||
| Q2 24 | $-3.6M | $30.5M | ||
| Q1 24 | $25.3M | $24.7M |
自由现金流率CHGGRPAY
| Q4 25 | -21.3% | 29.6% | ||
| Q3 25 | -1.2% | 41.3% | ||
| Q2 25 | -11.5% | 43.6% | ||
| Q1 25 | 13.1% | 3.0% | ||
| Q4 24 | 3.4% | 43.5% | ||
| Q3 24 | 17.3% | 75.6% | ||
| Q2 24 | -2.2% | 40.7% | ||
| Q1 24 | 14.5% | 30.6% |
资本支出强度CHGGRPAY
| Q4 25 | 8.9% | 0.1% | ||
| Q3 25 | 7.4% | 0.2% | ||
| Q2 25 | 6.9% | 0.1% | ||
| Q1 25 | 7.1% | 0.2% | ||
| Q4 24 | 9.3% | 0.3% | ||
| Q3 24 | 11.6% | 0.3% | ||
| Q2 24 | 10.9% | 0.6% | ||
| Q1 24 | 16.1% | 0.1% |
现金转化率CHGGRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| 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
CHGG
暂无分部数据
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
