vs
Direct Digital Holdings, Inc.（DRCT）与INTELLIGENT PROTECTION MANAGEMENT CORP.（IPM）财务数据对比。点击上方公司名可切换其他公司
Direct Digital Holdings, Inc.的季度营收约是INTELLIGENT PROTECTION MANAGEMENT CORP.的1.4倍（$8.4M vs $6.1M），INTELLIGENT PROTECTION MANAGEMENT CORP.同比增速更快（2091.6% vs -7.4%），过去两年INTELLIGENT PROTECTION MANAGEMENT CORP.的营收复合增速更高（54.7% 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。
智能防护管理公司是一家总部位于英国格洛斯特郡的控股母公司，于2008年5月21日完成注册。公司为旗下四家子公司提供集团管理架构，其前身是专精于情报搜集、反间谍与反窃听检测业务的国际情报有限公司。
DRCT vs IPM — 直观对比
营收规模更大
DRCT
是对方的1.4倍
$6.1M
营收增速更快
IPM
高出2099.0%
-7.4%
两年增速更快
IPM
近两年复合增速
-38.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.4M | $6.1M |
| 净利润 | $-11.7M | — |
| 毛利率 | 26.8% | 53.1% |
| 营业利润率 | -53.4% | -13.4% |
| 净利率 | -138.7% | — |
| 营收同比 | -7.4% | 2091.6% |
| 净利润同比 | -434.7% | — |
| 每股收益（稀释后） | $-74.97 | $-0.05 |
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DRCTIPM
| Q4 25 | $8.4M | $6.1M | ||
| Q3 25 | $8.0M | $6.2M | ||
| Q2 25 | $10.1M | $5.7M | ||
| Q1 25 | $8.2M | $5.5M | ||
| Q4 24 | $9.1M | — | ||
| Q3 24 | $9.1M | — | ||
| Q2 24 | $21.9M | — | ||
| Q1 24 | $22.3M | — |
净利润DRCTIPM
| Q4 25 | $-11.7M | — | ||
| Q3 25 | $-2.7M | $-1.1M | ||
| Q2 25 | $-2.2M | $-1.1M | ||
| Q1 25 | $-2.4M | $808.5K | ||
| Q4 24 | $-2.2M | — | ||
| Q3 24 | $-2.7M | — | ||
| Q2 24 | $-590.0K | — | ||
| Q1 24 | $-775.0K | — |
毛利率DRCTIPM
| Q4 25 | 26.8% | 53.1% | ||
| Q3 25 | 27.7% | 50.7% | ||
| Q2 25 | 35.1% | 50.1% | ||
| Q1 25 | 29.3% | 55.3% | ||
| Q4 24 | 32.5% | — | ||
| Q3 24 | 38.7% | — | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 22.4% | — |
营业利润率DRCTIPM
| Q4 25 | -53.4% | -13.4% | ||
| Q3 25 | -49.0% | -23.0% | ||
| Q2 25 | -23.9% | -19.7% | ||
| Q1 25 | -48.1% | -24.2% | ||
| Q4 24 | -51.8% | — | ||
| Q3 24 | -40.3% | — | ||
| Q2 24 | -9.4% | — | ||
| Q1 24 | -12.6% | — |
净利率DRCTIPM
| Q4 25 | -138.7% | — | ||
| Q3 25 | -33.6% | -17.4% | ||
| Q2 25 | -22.2% | -18.3% | ||
| Q1 25 | -28.9% | 14.7% | ||
| Q4 24 | -24.0% | — | ||
| Q3 24 | -29.6% | — | ||
| Q2 24 | -2.7% | — | ||
| Q1 24 | -3.5% | — |
每股收益（稀释后）DRCTIPM
| Q4 25 | $-74.97 | $-0.05 | ||
| Q3 25 | $-0.24 | $-0.08 | ||
| Q2 25 | $-0.23 | $-0.08 | ||
| Q1 25 | $-0.35 | $0.06 | ||
| Q4 24 | $-90.17 | — | ||
| Q3 24 | $-0.71 | — | ||
| Q2 24 | $-0.16 | — | ||
| Q1 24 | $-0.22 | — |
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 | $5.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-7.0M | $18.2M |
| 总资产 | $20.2M | $26.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DRCTIPM
| Q4 25 | $728.0K | $5.6M | ||
| Q3 25 | $871.0K | $7.3M | ||
| Q2 25 | $1.6M | $7.3M | ||
| Q1 25 | $1.8M | $9.7M | ||
| Q4 24 | $1.4M | — | ||
| Q3 24 | $4.1M | — | ||
| Q2 24 | $1.1M | — | ||
| Q1 24 | $3.3M | — |
总债务DRCTIPM
| Q4 25 | — | — | ||
| Q3 25 | $10.8M | — | ||
| Q2 25 | $33.5M | — | ||
| Q1 25 | $32.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $150.0K | — | ||
| Q2 24 | $34.8M | — | ||
| Q1 24 | $32.4M | — |
股东权益DRCTIPM
| Q4 25 | $-7.0M | $18.2M | ||
| Q3 25 | $-6.7M | $18.8M | ||
| Q2 25 | $-24.6M | $19.9M | ||
| Q1 25 | $-23.3M | $21.1M | ||
| Q4 24 | $-19.7M | — | ||
| Q3 24 | $-16.7M | — | ||
| Q2 24 | $-10.5M | — | ||
| Q1 24 | $-7.5M | — |
总资产DRCTIPM
| Q4 25 | $20.2M | $26.0M | ||
| Q3 25 | $22.5M | $27.2M | ||
| Q2 25 | $23.3M | $29.8M | ||
| Q1 25 | $23.8M | $31.1M | ||
| Q4 24 | $26.0M | — | ||
| Q3 24 | $31.3M | — | ||
| Q2 24 | $48.5M | — | ||
| Q1 24 | $52.8M | — |
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 | $87.6K |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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季度趋势，按日历期对齐
经营现金流DRCTIPM
| Q4 25 | $-1.9M | $87.6K | ||
| Q3 25 | $-1.6M | $133.0K | ||
| Q2 25 | $-2.7M | $-888.7K | ||
| Q1 25 | $-2.7M | $1.7M | ||
| Q4 24 | $-1.6M | — | ||
| Q3 24 | $3.0M | — | ||
| Q2 24 | $-4.4M | — | ||
| Q1 24 | $-5.7M | — |
资本支出强度DRCTIPM
| Q4 25 | — | — | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率DRCTIPM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.16× | ||
| 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
DRCT
| Buy Side Advertising | $8.2M | 98% |
| Other | $183.0K | 2% |
IPM
| Procurement Revenue | $5.4M | 88% |
| Other | $743.9K | 12% |
