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CREATIVE REALITIES, INC.（CREX）与FiscalNote Holdings, Inc.（NOTE）财务数据对比。点击上方公司名可切换其他公司
CREATIVE REALITIES, INC.的季度营收约是FiscalNote Holdings, Inc.的1.1倍（$23.9M vs $22.2M），CREATIVE REALITIES, INC.同比增速更快（117.2% vs -24.7%），FiscalNote Holdings, Inc.自由现金流更多（$-1.9M vs $-4.6M），过去两年CREATIVE REALITIES, INC.的营收复合增速更高（39.5% vs -16.8%）
Creative Realities, Inc.是一家端到端沉浸式数字体验解决方案提供商，主营互动数字标牌、内容管理软件及定制体验设计服务，主要面向北美零售、酒店、医疗、企业办公及公共领域客户，助力品牌提升客户参与度与运营效率。
FiscalNote Holdings, Inc.（常称FiscalNote）是一家上市的软件数据与传媒企业，总部位于美国华盛顿特区，2013年由三位创始人创立。核心业务为通过政府关系管理服务FiscalNote GRM提供软件工具、平台、数据服务与资讯，同时依托人工智能平台分析美国待审议法案相关内容。
CREX vs NOTE — 直观对比
营收规模更大
CREX
是对方的1.1倍
$22.2M
营收增速更快
CREX
高出141.9%
-24.7%
自由现金流更多
NOTE
多$2.6M
$-4.6M
两年增速更快
CREX
近两年复合增速
-16.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $23.9M | $22.2M |
| 净利润 | $-2.0M | — |
| 毛利率 | 47.9% | — |
| 营业利润率 | 1.9% | -83.7% |
| 净利率 | -8.2% | — |
| 营收同比 | 117.2% | -24.7% |
| 净利润同比 | 30.8% | — |
| 每股收益（稀释后） | — | $-2.81 |
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CREXNOTE
| Q4 25 | $23.9M | $22.2M | ||
| Q3 25 | $10.5M | $22.4M | ||
| Q2 25 | $13.0M | $23.3M | ||
| Q1 25 | $9.7M | $27.5M | ||
| Q4 24 | $11.0M | $29.5M | ||
| Q3 24 | $14.4M | $29.4M | ||
| Q2 24 | $13.1M | $29.2M | ||
| Q1 24 | $12.3M | $32.1M |
净利润CREXNOTE
| Q4 25 | $-2.0M | — | ||
| Q3 25 | $-7.9M | $-24.9M | ||
| Q2 25 | $-1.8M | $-13.3M | ||
| Q1 25 | $3.4M | $-4.3M | ||
| Q4 24 | $-2.8M | — | ||
| Q3 24 | $54.0K | $-14.9M | ||
| Q2 24 | $-615.0K | $-12.8M | ||
| Q1 24 | $-109.0K | $50.6M |
毛利率CREXNOTE
| Q4 25 | 47.9% | — | ||
| Q3 25 | 45.3% | — | ||
| Q2 25 | 38.5% | — | ||
| Q1 25 | 45.7% | — | ||
| Q4 24 | 44.2% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 51.8% | — | ||
| Q1 24 | 46.9% | — |
营业利润率CREXNOTE
| Q4 25 | 1.9% | -83.7% | ||
| Q3 25 | -68.9% | -43.4% | ||
| Q2 25 | -10.2% | -31.9% | ||
| Q1 25 | -7.4% | -50.0% | ||
| Q4 24 | -6.5% | -19.4% | ||
| Q3 24 | 7.9% | -23.1% | ||
| Q2 24 | 4.5% | -27.2% | ||
| Q1 24 | -0.6% | -35.6% |
净利率CREXNOTE
| Q4 25 | -8.2% | — | ||
| Q3 25 | -74.5% | -110.8% | ||
| Q2 25 | -13.9% | -57.0% | ||
| Q1 25 | 34.6% | -15.4% | ||
| Q4 24 | -25.8% | — | ||
| Q3 24 | 0.4% | -50.7% | ||
| Q2 24 | -4.7% | -43.6% | ||
| Q1 24 | -0.9% | 157.6% |
每股收益（稀释后）CREXNOTE
| Q4 25 | — | $-2.81 | ||
| Q3 25 | $-0.75 | $-1.73 | ||
| Q2 25 | $-0.17 | $-0.08 | ||
| Q1 25 | $0.32 | $-0.03 | ||
| Q4 24 | $-0.28 | $1.88 | ||
| Q3 24 | $0.01 | $-1.33 | ||
| Q2 24 | $-0.06 | $-0.09 | ||
| Q1 24 | $-0.01 | $0.37 |
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 | $1.6M | $26.3M |
| 总债务越低越好 | $44.0M | $128.4M |
| 股东权益账面价值 | $21.5M | $62.0M |
| 总资产 | $151.0M | $255.1M |
| 负债/权益比越低杠杆越低 | 2.04× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资CREXNOTE
| Q4 25 | $1.6M | $26.3M | ||
| Q3 25 | $314.0K | $31.2M | ||
| Q2 25 | $569.0K | $38.5M | ||
| Q1 25 | $1.1M | $46.3M | ||
| Q4 24 | $1.0M | $34.6M | ||
| Q3 24 | $868.0K | $32.7M | ||
| Q2 24 | $4.1M | $37.7M | ||
| Q1 24 | $2.9M | $43.6M |
总债务CREXNOTE
| Q4 25 | $44.0M | $128.4M | ||
| Q3 25 | $22.0M | $131.5M | ||
| Q2 25 | $19.9M | $116.7M | ||
| Q1 25 | $23.0M | $118.0M | ||
| Q4 24 | $13.0M | $147.1M | ||
| Q3 24 | $10.7M | $152.2M | ||
| Q2 24 | $13.6M | $145.9M | ||
| Q1 24 | $12.8M | $153.0M |
股东权益CREXNOTE
| Q4 25 | $21.5M | $62.0M | ||
| Q3 25 | $21.9M | $75.5M | ||
| Q2 25 | $29.4M | $95.1M | ||
| Q1 25 | $29.9M | $98.7M | ||
| Q4 24 | $25.5M | $97.8M | ||
| Q3 24 | $28.3M | $98.5M | ||
| Q2 24 | $28.2M | $106.9M | ||
| Q1 24 | $28.8M | $106.1M |
总资产CREXNOTE
| Q4 25 | $151.0M | $255.1M | ||
| Q3 25 | $61.3M | $273.9M | ||
| Q2 25 | $63.7M | $288.3M | ||
| Q1 25 | $67.0M | $299.7M | ||
| Q4 24 | $65.2M | $326.2M | ||
| Q3 24 | $67.6M | $337.9M | ||
| Q2 24 | $69.6M | $346.3M | ||
| Q1 24 | $68.2M | $357.8M |
负债/权益比CREXNOTE
| Q4 25 | 2.04× | 2.07× | ||
| Q3 25 | 1.00× | 1.74× | ||
| Q2 25 | 0.68× | 1.23× | ||
| Q1 25 | 0.77× | 1.20× | ||
| Q4 24 | 0.51× | 1.50× | ||
| Q3 24 | 0.38× | 1.54× | ||
| Q2 24 | 0.48× | 1.36× | ||
| Q1 24 | 0.44× | 1.44× |
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 | $-4.5M | $-279.0K |
| 自由现金流经营现金流 - 资本支出 | $-4.6M | $-1.9M |
| 自由现金流率自由现金流/营收 | -19.1% | -8.7% |
| 资本支出强度资本支出/营收 | 0.4% | 7.4% |
| 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 | $-8.1M | $-18.6M |
8季度趋势，按日历期对齐
经营现金流CREXNOTE
| Q4 25 | $-4.5M | $-279.0K | ||
| Q3 25 | $-1.6M | $-8.3M | ||
| Q2 25 | $773.0K | $-6.2M | ||
| Q1 25 | $-2.4M | $3.3M | ||
| Q4 24 | $-1.4M | $-1.3M | ||
| Q3 24 | $544.0K | $-3.0M | ||
| Q2 24 | $2.3M | $-3.7M | ||
| Q1 24 | $1.9M | $2.7M |
自由现金流CREXNOTE
| Q4 25 | $-4.6M | $-1.9M | ||
| Q3 25 | $-1.7M | $-10.4M | ||
| Q2 25 | $672.0K | $-7.7M | ||
| Q1 25 | $-2.5M | $1.3M | ||
| Q4 24 | $-1.4M | $-3.4M | ||
| Q3 24 | $543.0K | $-5.4M | ||
| Q2 24 | $2.3M | $-6.5M | ||
| Q1 24 | $1.9M | $1.0M |
自由现金流率CREXNOTE
| Q4 25 | -19.1% | -8.7% | ||
| Q3 25 | -16.2% | -46.2% | ||
| Q2 25 | 5.2% | -33.0% | ||
| Q1 25 | -25.2% | 4.7% | ||
| Q4 24 | -12.5% | -11.4% | ||
| Q3 24 | 3.8% | -18.4% | ||
| Q2 24 | 17.3% | -22.1% | ||
| Q1 24 | 15.7% | 3.3% |
资本支出强度CREXNOTE
| Q4 25 | 0.4% | 7.4% | ||
| Q3 25 | 1.0% | 9.3% | ||
| Q2 25 | 0.8% | 6.4% | ||
| Q1 25 | 0.1% | 7.2% | ||
| Q4 24 | 0.0% | 6.8% | ||
| Q3 24 | 0.0% | 8.3% | ||
| Q2 24 | 0.0% | 9.4% | ||
| Q1 24 | 0.0% | 5.3% |
现金转化率CREXNOTE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.73× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.07× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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
CREX
| Service And Other | $17.3M | 72% |
| Managed Services | $4.7M | 20% |
| Installation Services | $1.7M | 7% |
NOTE
| Subscription | $21.2M | 95% |
| Advisory Advertising And Other | $1.0M | 5% |
