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Cerence Inc.（CRNC）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
Cerence Inc.的季度营收约是Repay Holdings Corp的1.5倍（$115.1M vs $78.6M），Cerence Inc.净利率更高（-4.6% vs -178.3%，领先173.7%），Cerence Inc.同比增速更快（126.1% vs 0.4%），Cerence Inc.自由现金流更多（$35.6M vs $23.2M），过去两年Cerence Inc.的营收复合增速更高（30.3% vs -1.3%）
Cerence Inc.是一家美国跨国软件企业，核心业务为研发面向汽车领域的人工智能语音助手技术，凭借在车载智能交互领域的技术积累，为全球多家车企提供智能化车载体验解决方案。
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。
CRNC vs RPAY — 直观对比
营收规模更大
CRNC
是对方的1.5倍
$78.6M
营收增速更快
CRNC
高出125.7%
0.4%
净利率更高
CRNC
高出173.7%
-178.3%
自由现金流更多
CRNC
多$12.4M
$23.2M
两年增速更快
CRNC
近两年复合增速
-1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $115.1M | $78.6M |
| 净利润 | $-5.2M | $-140.1M |
| 毛利率 | 86.3% | 74.2% |
| 营业利润率 | 25.5% | -182.2% |
| 净利率 | -4.6% | -178.3% |
| 营收同比 | 126.1% | 0.4% |
| 净利润同比 | 78.4% | -3304.1% |
| 每股收益（稀释后） | $-0.12 | $-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CRNCRPAY
| Q4 25 | $115.1M | $78.6M | ||
| Q3 25 | $60.6M | $77.7M | ||
| Q2 25 | $62.2M | $75.6M | ||
| Q1 25 | $78.0M | $77.3M | ||
| Q4 24 | $50.9M | $78.3M | ||
| Q3 24 | $54.8M | $79.1M | ||
| Q2 24 | $70.5M | $74.9M | ||
| Q1 24 | $67.8M | $80.7M |
净利润CRNCRPAY
| Q4 25 | $-5.2M | $-140.1M | ||
| Q3 25 | $-13.4M | $-6.4M | ||
| Q2 25 | $-2.7M | $-102.3M | ||
| Q1 25 | $21.7M | $-7.9M | ||
| Q4 24 | $-24.3M | $-4.1M | ||
| Q3 24 | $-20.4M | $3.2M | ||
| Q2 24 | $-313.5M | $-4.1M | ||
| Q1 24 | $-278.0M | $-5.2M |
毛利率CRNCRPAY
| Q4 25 | 86.3% | 74.2% | ||
| Q3 25 | 72.6% | 74.4% | ||
| Q2 25 | 73.7% | 75.7% | ||
| Q1 25 | 77.1% | 75.9% | ||
| Q4 24 | 65.0% | 76.3% | ||
| Q3 24 | 63.7% | 77.8% | ||
| Q2 24 | 71.5% | 78.2% | ||
| Q1 24 | 69.2% | 76.2% |
营业利润率CRNCRPAY
| Q4 25 | 25.5% | -182.2% | ||
| Q3 25 | -2.9% | -3.9% | ||
| Q2 25 | -1.5% | -138.7% | ||
| Q1 25 | 22.2% | -4.7% | ||
| Q4 24 | -33.3% | -1.5% | ||
| Q3 24 | -35.1% | -0.9% | ||
| Q2 24 | -503.1% | -4.6% | ||
| Q1 24 | -389.8% | -3.1% |
净利率CRNCRPAY
| Q4 25 | -4.6% | -178.3% | ||
| Q3 25 | -22.0% | -8.3% | ||
| Q2 25 | -4.4% | -135.2% | ||
| Q1 25 | 27.8% | -10.3% | ||
| Q4 24 | -47.7% | -5.3% | ||
| Q3 24 | -37.3% | 4.1% | ||
| Q2 24 | -444.5% | -5.4% | ||
| Q1 24 | -409.8% | -6.5% |
每股收益（稀释后）CRNCRPAY
| Q4 25 | $-0.12 | $-1.68 | ||
| Q3 25 | $-0.26 | $-0.08 | ||
| Q2 25 | $-0.06 | $-1.15 | ||
| Q1 25 | $0.46 | $-0.09 | ||
| Q4 24 | $-0.57 | $-0.04 | ||
| Q3 24 | $-0.49 | $0.03 | ||
| Q2 24 | $-7.50 | $-0.04 | ||
| Q1 24 | $-6.66 | $-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 | $2.5M | $115.7M |
| 总债务越低越好 | $171.9M | $280.1M |
| 股东权益账面价值 | $150.4M | $484.4M |
| 总资产 | $602.0M | $1.2B |
| 负债/权益比越低杠杆越低 | 1.14× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资CRNCRPAY
| Q4 25 | $2.5M | $115.7M | ||
| Q3 25 | $3.4M | $95.7M | ||
| Q2 25 | $5.5M | $162.6M | ||
| Q1 25 | $5.4M | $165.5M | ||
| Q4 24 | $3.9M | $189.5M | ||
| Q3 24 | $5.5M | $168.7M | ||
| Q2 24 | $5.4M | $147.1M | ||
| Q1 24 | $9.4M | $128.3M |
总债务CRNCRPAY
| Q4 25 | $171.9M | $280.1M | ||
| Q3 25 | $199.7M | $279.5M | ||
| Q2 25 | $198.8M | $279.0M | ||
| Q1 25 | $257.6M | $497.6M | ||
| Q4 24 | $256.2M | $496.8M | ||
| Q3 24 | $281.9M | $496.2M | ||
| Q2 24 | $280.4M | $435.6M | ||
| Q1 24 | $278.9M | $434.9M |
股东权益CRNCRPAY
| Q4 25 | $150.4M | $484.4M | ||
| Q3 25 | $150.7M | $616.9M | ||
| Q2 25 | $155.7M | $633.7M | ||
| Q1 25 | $149.3M | $755.7M | ||
| Q4 24 | $120.7M | $761.3M | ||
| Q3 24 | $141.1M | $754.7M | ||
| Q2 24 | $154.2M | $815.4M | ||
| Q1 24 | $463.4M | $813.8M |
总资产CRNCRPAY
| Q4 25 | $602.0M | $1.2B | ||
| Q3 25 | $630.6M | $1.3B | ||
| Q2 25 | $636.8M | $1.4B | ||
| Q1 25 | $665.5M | $1.5B | ||
| Q4 24 | $617.5M | $1.6B | ||
| Q3 24 | $702.4M | $1.6B | ||
| Q2 24 | $674.0M | $1.5B | ||
| Q1 24 | $987.1M | $1.5B |
负债/权益比CRNCRPAY
| Q4 25 | 1.14× | 0.58× | ||
| Q3 25 | 1.33× | 0.45× | ||
| Q2 25 | 1.28× | 0.44× | ||
| Q1 25 | 1.73× | 0.66× | ||
| Q4 24 | 2.12× | 0.65× | ||
| Q3 24 | 2.00× | 0.66× | ||
| Q2 24 | 1.82× | 0.53× | ||
| Q1 24 | 0.60× | 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 | $37.9M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $23.2M |
| 自由现金流率自由现金流/营收 | 31.0% | 29.6% |
| 资本支出强度资本支出/营收 | 2.0% | 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 | $74.6M | $90.7M |
8季度趋势，按日历期对齐
经营现金流CRNCRPAY
| Q4 25 | $37.9M | $23.3M | ||
| Q3 25 | $12.8M | $32.2M | ||
| Q2 25 | $23.7M | $33.1M | ||
| Q1 25 | $15.5M | $2.5M | ||
| Q4 24 | $9.3M | $34.3M | ||
| Q3 24 | $6.1M | $60.1M | ||
| Q2 24 | $12.9M | $31.0M | ||
| Q1 24 | $1.0M | $24.8M |
自由现金流CRNCRPAY
| Q4 25 | $35.6M | $23.2M | ||
| Q3 25 | $9.7M | $32.1M | ||
| Q2 25 | $16.1M | $33.0M | ||
| Q1 25 | $13.1M | $2.4M | ||
| Q4 24 | $7.9M | $34.0M | ||
| Q3 24 | $4.7M | $59.8M | ||
| Q2 24 | $12.1M | $30.5M | ||
| Q1 24 | $-801.0K | $24.7M |
自由现金流率CRNCRPAY
| Q4 25 | 31.0% | 29.6% | ||
| Q3 25 | 16.1% | 41.3% | ||
| Q2 25 | 25.8% | 43.6% | ||
| Q1 25 | 16.8% | 3.0% | ||
| Q4 24 | 15.5% | 43.5% | ||
| Q3 24 | 8.5% | 75.6% | ||
| Q2 24 | 17.1% | 40.7% | ||
| Q1 24 | -1.2% | 30.6% |
资本支出强度CRNCRPAY
| Q4 25 | 2.0% | 0.1% | ||
| Q3 25 | 5.0% | 0.2% | ||
| Q2 25 | 12.3% | 0.1% | ||
| Q1 25 | 3.0% | 0.2% | ||
| Q4 24 | 2.7% | 0.3% | ||
| Q3 24 | 2.6% | 0.3% | ||
| Q2 24 | 1.1% | 0.6% | ||
| Q1 24 | 2.7% | 0.1% |
现金转化率CRNCRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.71× | — | ||
| 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
CRNC
| License | $87.8M | 76% |
| Connected Services | $14.5M | 13% |
| Professional Services | $12.8M | 11% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
