vs
Direct Digital Holdings, Inc.（DRCT）与Ibotta, Inc.（IBTA）财务数据对比。点击上方公司名可切换其他公司
Ibotta, Inc.的季度营收约是Direct Digital Holdings, Inc.的10.5倍（$88.5M vs $8.4M）。Direct Digital Holdings, Inc.同比增速更快（-7.4% vs -10.0%）。过去两年Ibotta, Inc.的营收复合增速更高（3.7% vs -38.6%）
Devolver Digital是一家总部位于美国得克萨斯州奥斯汀的电子游戏发行商，专注于独立游戏发行业务。公司由奈杰尔·劳里等五名曾就职于知名游戏发行公司Gathering of Developers和Gamecock Media Group的高管，于2009年6月创立，以对开发者友好的合作模式著称。
Ibotta, Inc.是总部位于美国科罗拉多州丹佛市的移动科技公司，成立于2011年，目前仅在美国开展业务。公司依托自主开发的Ibotta绩效网络与面向消费者的手机应用，为各类消费提供现金返现奖励，同时与快速消费品品牌及网络发行商合作，还推出了返现即服务业务。
DRCT vs IBTA — 直观对比
营收规模更大
IBTA
是对方的10.5倍
$8.4M
营收增速更快
DRCT
高出2.6%
-10.0%
两年增速更快
IBTA
近两年复合增速
-38.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $8.4M | $88.5M |
| 净利润 | $-11.7M | — |
| 毛利率 | 26.8% | 78.7% |
| 营业利润率 | -53.4% | -1.9% |
| 净利率 | -138.7% | — |
| 营收同比 | -7.4% | -10.0% |
| 净利润同比 | -434.7% | — |
| 每股收益（稀释后） | $-74.97 | $-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DRCTIBTA
| Q4 25 | $8.4M | $88.5M | ||
| Q3 25 | $8.0M | $83.3M | ||
| Q2 25 | $10.1M | $86.0M | ||
| Q1 25 | $8.2M | $84.6M | ||
| Q4 24 | $9.1M | $98.4M | ||
| Q3 24 | $9.1M | $98.6M | ||
| Q2 24 | $21.9M | $87.9M | ||
| Q1 24 | $22.3M | $82.3M |
净利润DRCTIBTA
| Q4 25 | $-11.7M | — | ||
| Q3 25 | $-2.7M | $1.5M | ||
| Q2 25 | $-2.2M | $2.5M | ||
| Q1 25 | $-2.4M | $555.0K | ||
| Q4 24 | $-2.2M | — | ||
| Q3 24 | $-2.7M | $17.2M | ||
| Q2 24 | $-590.0K | $-34.0M | ||
| Q1 24 | $-775.0K | $9.3M |
毛利率DRCTIBTA
| Q4 25 | 26.8% | 78.7% | ||
| Q3 25 | 27.7% | 79.4% | ||
| Q2 25 | 35.1% | 79.2% | ||
| Q1 25 | 29.3% | 79.8% | ||
| Q4 24 | 32.5% | 84.6% | ||
| Q3 24 | 38.7% | 87.7% | ||
| Q2 24 | 27.1% | 86.0% | ||
| Q1 24 | 22.4% | 87.2% |
营业利润率DRCTIBTA
| Q4 25 | -53.4% | -1.9% | ||
| Q3 25 | -49.0% | 2.8% | ||
| Q2 25 | -23.9% | 1.4% | ||
| Q1 25 | -48.1% | -3.3% | ||
| Q4 24 | -51.8% | 13.2% | ||
| Q3 24 | -40.3% | 21.0% | ||
| Q2 24 | -9.4% | -24.6% | ||
| Q1 24 | -12.6% | 19.3% |
净利率DRCTIBTA
| Q4 25 | -138.7% | — | ||
| Q3 25 | -33.6% | 1.8% | ||
| Q2 25 | -22.2% | 2.9% | ||
| Q1 25 | -28.9% | 0.7% | ||
| Q4 24 | -24.0% | — | ||
| Q3 24 | -29.6% | 17.5% | ||
| Q2 24 | -2.7% | -38.6% | ||
| Q1 24 | -3.5% | 11.3% |
每股收益（稀释后）DRCTIBTA
| Q4 25 | $-74.97 | $-0.03 | ||
| Q3 25 | $-0.24 | $0.05 | ||
| Q2 25 | $-0.23 | $0.08 | ||
| Q1 25 | $-0.35 | $0.02 | ||
| Q4 24 | $-90.17 | $3.04 | ||
| Q3 24 | $-0.71 | $0.51 | ||
| Q2 24 | $-0.16 | $-1.32 | ||
| Q1 24 | $-0.22 | $0.33 |
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 | $728.0K | $186.6M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $-7.0M | $287.7M |
| 总资产 | $20.2M | $525.9M |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资DRCTIBTA
| Q4 25 | $728.0K | $186.6M | ||
| Q3 25 | $871.0K | $223.3M | ||
| Q2 25 | $1.6M | $250.5M | ||
| Q1 25 | $1.8M | $297.1M | ||
| Q4 24 | $1.4M | $349.3M | ||
| Q3 24 | $4.1M | $341.3M | ||
| Q2 24 | $1.1M | $317.9M | ||
| Q1 24 | $3.3M | $79.5M |
总债务DRCTIBTA
| Q4 25 | — | $0 | ||
| Q3 25 | $10.8M | — | ||
| Q2 25 | $33.5M | — | ||
| Q1 25 | $32.9M | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | $150.0K | $0 | ||
| Q2 24 | $34.8M | $0 | ||
| Q1 24 | $32.4M | $65.3M |
股东权益DRCTIBTA
| Q4 25 | $-7.0M | $287.7M | ||
| Q3 25 | $-6.7M | $329.6M | ||
| Q2 25 | $-24.6M | $354.1M | ||
| Q1 25 | $-23.3M | $401.3M | ||
| Q4 24 | $-19.7M | $457.3M | ||
| Q3 24 | $-16.7M | $378.0M | ||
| Q2 24 | $-10.5M | $359.7M | ||
| Q1 24 | $-7.5M | $44.1M |
总资产DRCTIBTA
| Q4 25 | $20.2M | $525.9M | ||
| Q3 25 | $22.5M | $569.4M | ||
| Q2 25 | $23.3M | $600.8M | ||
| Q1 25 | $23.8M | $639.3M | ||
| Q4 24 | $26.0M | $678.4M | ||
| Q3 24 | $31.3M | $598.3M | ||
| Q2 24 | $48.5M | $556.0M | ||
| Q1 24 | $52.8M | $322.1M |
负债/权益比DRCTIBTA
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 1.48× |
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 | $-1.9M | $27.8M |
| 自由现金流经营现金流 - 资本支出 | — | $20.3M |
| 自由现金流率自由现金流/营收 | — | 22.9% |
| 资本支出强度资本支出/营收 | — | 8.5% |
| 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 | — | $75.0M |
8季度趋势，按日历期对齐
经营现金流DRCTIBTA
| Q4 25 | $-1.9M | $27.8M | ||
| Q3 25 | $-1.6M | $21.8M | ||
| Q2 25 | $-2.7M | $25.9M | ||
| Q1 25 | $-2.7M | $19.9M | ||
| Q4 24 | $-1.6M | $22.0M | ||
| Q3 24 | $3.0M | $39.5M | ||
| Q2 24 | $-4.4M | $35.0M | ||
| Q1 24 | $-5.7M | $19.4M |
自由现金流DRCTIBTA
| Q4 25 | — | $20.3M | ||
| Q3 25 | — | $14.5M | ||
| Q2 25 | — | $22.2M | ||
| Q1 25 | — | $18.0M | ||
| Q4 24 | — | $21.8M | ||
| Q3 24 | — | $39.2M | ||
| Q2 24 | — | $34.8M | ||
| Q1 24 | — | $19.2M |
自由现金流率DRCTIBTA
| Q4 25 | — | 22.9% | ||
| Q3 25 | — | 17.4% | ||
| Q2 25 | — | 25.8% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 39.8% | ||
| Q2 24 | — | 39.6% | ||
| Q1 24 | — | 23.3% |
资本支出强度DRCTIBTA
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.2% |
现金转化率DRCTIBTA
| Q4 25 | — | — | ||
| Q3 25 | — | 14.19× | ||
| Q2 25 | — | 10.38× | ||
| Q1 25 | — | 35.78× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.29× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.08× |
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
DRCT
暂无分部数据
IBTA
| Redemption Revenue | $78.5M | 89% |
| Ad Other Revenue | $10.0M | 11% |
| Breakage | $2.1M | 2% |
