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Direct Digital Holdings, Inc.（DRCT）与LIGHTPATH TECHNOLOGIES INC（LPTH）财务数据对比。点击上方公司名可切换其他公司
LIGHTPATH TECHNOLOGIES INC的季度营收约是Direct Digital Holdings, Inc.的1.9倍（$16.4M vs $8.4M），LIGHTPATH TECHNOLOGIES INC净利率更高（-57.5% vs -138.7%，领先81.2%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs -7.4%），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% 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。
LightPath Technologies Inc是一家精密光学组件及组件生产商，主营非球面透镜、红外光学器件、光纤产品等，服务工业自动化、航空航天、国防、医疗成像、电信等领域的全球客户，提供标准及定制化光学解决方案。
DRCT vs LPTH — 直观对比
营收规模更大
LPTH
是对方的1.9倍
$8.4M
营收增速更快
LPTH
高出127.6%
-7.4%
净利率更高
LPTH
高出81.2%
-138.7%
两年增速更快
LPTH
近两年复合增速
-38.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.4M | $16.4M |
| 净利润 | $-11.7M | $-9.4M |
| 毛利率 | 26.8% | 36.8% |
| 营业利润率 | -53.4% | -52.6% |
| 净利率 | -138.7% | -57.5% |
| 营收同比 | -7.4% | 120.2% |
| 净利润同比 | -434.7% | -260.1% |
| 每股收益（稀释后） | $-74.97 | $-0.20 |
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DRCTLPTH
| Q4 25 | $8.4M | $16.4M | ||
| Q3 25 | $8.0M | $15.1M | ||
| Q2 25 | $10.1M | $12.2M | ||
| Q1 25 | $8.2M | $9.2M | ||
| Q4 24 | $9.1M | $7.4M | ||
| Q3 24 | $9.1M | $8.4M | ||
| Q2 24 | $21.9M | $8.6M | ||
| Q1 24 | $22.3M | $7.7M |
净利润DRCTLPTH
| Q4 25 | $-11.7M | $-9.4M | ||
| Q3 25 | $-2.7M | $-2.9M | ||
| Q2 25 | $-2.2M | $-7.1M | ||
| Q1 25 | $-2.4M | $-3.6M | ||
| Q4 24 | $-2.2M | $-2.6M | ||
| Q3 24 | $-2.7M | $-1.6M | ||
| Q2 24 | $-590.0K | $-2.4M | ||
| Q1 24 | $-775.0K | $-2.6M |
毛利率DRCTLPTH
| Q4 25 | 26.8% | 36.8% | ||
| Q3 25 | 27.7% | 29.8% | ||
| Q2 25 | 35.1% | 22.0% | ||
| Q1 25 | 29.3% | 29.1% | ||
| Q4 24 | 32.5% | 26.0% | ||
| Q3 24 | 38.7% | 33.9% | ||
| Q2 24 | 27.1% | 29.2% | ||
| Q1 24 | 22.4% | 20.9% |
营业利润率DRCTLPTH
| Q4 25 | -53.4% | -52.6% | ||
| Q3 25 | -49.0% | -16.6% | ||
| Q2 25 | -23.9% | -38.0% | ||
| Q1 25 | -48.1% | -36.3% | ||
| Q4 24 | -51.8% | -33.5% | ||
| Q3 24 | -40.3% | -16.4% | ||
| Q2 24 | -9.4% | -25.6% | ||
| Q1 24 | -12.6% | -33.6% |
净利率DRCTLPTH
| Q4 25 | -138.7% | -57.5% | ||
| Q3 25 | -33.6% | -19.2% | ||
| Q2 25 | -22.2% | -57.8% | ||
| Q1 25 | -28.9% | -39.1% | ||
| Q4 24 | -24.0% | -35.2% | ||
| Q3 24 | -29.6% | -19.3% | ||
| Q2 24 | -2.7% | -27.3% | ||
| Q1 24 | -3.5% | -33.7% |
每股收益（稀释后）DRCTLPTH
| Q4 25 | $-74.97 | $-0.20 | ||
| Q3 25 | $-0.24 | $-0.07 | ||
| Q2 25 | $-0.23 | $0.19 | ||
| Q1 25 | $-0.35 | $-0.44 | ||
| Q4 24 | $-90.17 | $-0.07 | ||
| Q3 24 | $-0.71 | $-0.04 | ||
| Q2 24 | $-0.16 | $-0.15 | ||
| Q1 24 | $-0.22 | $-0.07 |
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 | $73.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-7.0M | $77.9M |
| 总资产 | $20.2M | $148.6M |
| 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DRCTLPTH
| Q4 25 | $728.0K | $73.6M | ||
| Q3 25 | $871.0K | — | ||
| Q2 25 | $1.6M | $4.9M | ||
| Q1 25 | $1.8M | — | ||
| Q4 24 | $1.4M | — | ||
| Q3 24 | $4.1M | — | ||
| Q2 24 | $1.1M | — | ||
| Q1 24 | $3.3M | — |
总债务DRCTLPTH
| Q4 25 | — | — | ||
| Q3 25 | $10.8M | — | ||
| Q2 25 | $33.5M | — | ||
| Q1 25 | $32.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $150.0K | — | ||
| Q2 24 | $34.8M | $535.0K | ||
| Q1 24 | $32.4M | $599.4K |
股东权益DRCTLPTH
| Q4 25 | $-7.0M | $77.9M | ||
| Q3 25 | $-6.7M | $21.4M | ||
| Q2 25 | $-24.6M | $15.6M | ||
| Q1 25 | $-23.3M | $15.7M | ||
| Q4 24 | $-19.7M | $26.7M | ||
| Q3 24 | $-16.7M | $29.4M | ||
| Q2 24 | $-10.5M | $30.2M | ||
| Q1 24 | $-7.5M | $31.7M |
总资产DRCTLPTH
| Q4 25 | $20.2M | $148.6M | ||
| Q3 25 | $22.5M | $87.3M | ||
| Q2 25 | $23.3M | $81.5M | ||
| Q1 25 | $23.8M | $81.4M | ||
| Q4 24 | $26.0M | $45.8M | ||
| Q3 24 | $31.3M | $48.4M | ||
| Q2 24 | $48.5M | $48.1M | ||
| Q1 24 | $52.8M | $49.7M |
负债/权益比DRCTLPTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | 0.02× |
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 | $2.8M |
| 自由现金流经营现金流 - 资本支出 | — | $2.0M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 5.3% |
| 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 | — | $-6.3M |
8季度趋势，按日历期对齐
经营现金流DRCTLPTH
| Q4 25 | $-1.9M | $2.8M | ||
| Q3 25 | $-1.6M | $-1.1M | ||
| Q2 25 | $-2.7M | $-2.6M | ||
| Q1 25 | $-2.7M | $-3.2M | ||
| Q4 24 | $-1.6M | $-737.4K | ||
| Q3 24 | $3.0M | $-1.7M | ||
| Q2 24 | $-4.4M | $64.7K | ||
| Q1 24 | $-5.7M | $-394.2K |
自由现金流DRCTLPTH
| Q4 25 | — | $2.0M | ||
| Q3 25 | — | $-1.2M | ||
| Q2 25 | — | $-3.3M | ||
| Q1 25 | — | $-3.7M | ||
| Q4 24 | — | $-817.8K | ||
| Q3 24 | — | $-1.8M | ||
| Q2 24 | — | $-225.5K | ||
| Q1 24 | — | $-802.5K |
自由现金流率DRCTLPTH
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | -8.1% | ||
| Q2 25 | — | -27.3% | ||
| Q1 25 | — | -40.0% | ||
| Q4 24 | — | -11.0% | ||
| Q3 24 | — | -21.2% | ||
| Q2 24 | — | -2.6% | ||
| Q1 24 | — | -10.4% |
资本支出强度DRCTLPTH
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 5.3% |
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% |
LPTH
| Other | $7.9M | 48% |
| Infrared Components | $5.0M | 31% |
| Visible Components | $3.4M | 21% |
