vs
Direct Digital Holdings, Inc.（DRCT）与NexPoint Real Estate Finance, Inc.（NREF）财务数据对比。点击上方公司名可切换其他公司
NexPoint Real Estate Finance, Inc.的季度营收约是Direct Digital Holdings, Inc.的1.3倍（$11.1M vs $8.4M），NexPoint Real Estate Finance, Inc.净利率更高（216.6% vs -138.7%，领先355.3%），Direct Digital Holdings, Inc.同比增速更快（-7.4% vs -48.8%）
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。
NexPoint Real Estate Finance, Inc.是一家总部位于美国的商业地产金融企业，主要为多户住宅、写字楼、工业及酒店物业提供结构化融资方案，运营并管理抵押贷款及其他地产相关投资组合，为利益相关方提供经风险调整的稳定回报。
DRCT vs NREF — 直观对比
营收规模更大
NREF
是对方的1.3倍
$8.4M
营收增速更快
DRCT
高出41.4%
-48.8%
净利率更高
NREF
高出355.3%
-138.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.4M | $11.1M |
| 净利润 | $-11.7M | $24.0M |
| 毛利率 | 26.8% | — |
| 营业利润率 | -53.4% | — |
| 净利率 | -138.7% | 216.6% |
| 营收同比 | -7.4% | -48.8% |
| 净利润同比 | -434.7% | 58.7% |
| 每股收益（稀释后） | $-74.97 | $0.47 |
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DRCTNREF
| Q4 25 | $8.4M | $11.1M | ||
| Q3 25 | $8.0M | $12.5M | ||
| Q2 25 | $10.1M | $12.1M | ||
| Q1 25 | $8.2M | $11.5M | ||
| Q4 24 | $9.1M | $21.7M | ||
| Q3 24 | $9.1M | $12.5M | ||
| Q2 24 | $21.9M | $6.7M | ||
| Q1 24 | $22.3M | $-12.8M |
净利润DRCTNREF
| Q4 25 | $-11.7M | $24.0M | ||
| Q3 25 | $-2.7M | $50.9M | ||
| Q2 25 | $-2.2M | $22.3M | ||
| Q1 25 | $-2.4M | $26.0M | ||
| Q4 24 | $-2.2M | $15.2M | ||
| Q3 24 | $-2.7M | $23.3M | ||
| Q2 24 | $-590.0K | $12.1M | ||
| Q1 24 | $-775.0K | $-14.6M |
毛利率DRCTNREF
| Q4 25 | 26.8% | — | ||
| Q3 25 | 27.7% | — | ||
| Q2 25 | 35.1% | — | ||
| Q1 25 | 29.3% | — | ||
| Q4 24 | 32.5% | — | ||
| Q3 24 | 38.7% | — | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 22.4% | — |
营业利润率DRCTNREF
| Q4 25 | -53.4% | — | ||
| Q3 25 | -49.0% | — | ||
| Q2 25 | -23.9% | — | ||
| Q1 25 | -48.1% | — | ||
| Q4 24 | -51.8% | — | ||
| Q3 24 | -40.3% | — | ||
| Q2 24 | -9.4% | — | ||
| Q1 24 | -12.6% | — |
净利率DRCTNREF
| Q4 25 | -138.7% | 216.6% | ||
| Q3 25 | -33.6% | 407.0% | ||
| Q2 25 | -22.2% | 184.5% | ||
| Q1 25 | -28.9% | 225.6% | ||
| Q4 24 | -24.0% | 69.9% | ||
| Q3 24 | -29.6% | 186.4% | ||
| Q2 24 | -2.7% | 179.7% | ||
| Q1 24 | -3.5% | 114.3% |
每股收益（稀释后）DRCTNREF
| Q4 25 | $-74.97 | $0.47 | ||
| Q3 25 | $-0.24 | $1.14 | ||
| Q2 25 | $-0.23 | $0.54 | ||
| Q1 25 | $-0.35 | $0.70 | ||
| Q4 24 | $-90.17 | $0.71 | ||
| Q3 24 | $-0.71 | $0.74 | ||
| Q2 24 | $-0.16 | $0.40 | ||
| Q1 24 | $-0.22 | $-0.83 |
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 | $31.1M |
| 总债务越低越好 | — | $771.2M |
| 股东权益账面价值 | $-7.0M | $388.0M |
| 总资产 | $20.2M | $5.3B |
| 负债/权益比越低杠杆越低 | — | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资DRCTNREF
| Q4 25 | $728.0K | $31.1M | ||
| Q3 25 | $871.0K | $17.9M | ||
| Q2 25 | $1.6M | $9.1M | ||
| Q1 25 | $1.8M | $19.2M | ||
| Q4 24 | $1.4M | $3.9M | ||
| Q3 24 | $4.1M | $34.7M | ||
| Q2 24 | $1.1M | $4.3M | ||
| Q1 24 | $3.3M | $13.5M |
总债务DRCTNREF
| Q4 25 | — | $771.2M | ||
| Q3 25 | $10.8M | $720.9M | ||
| Q2 25 | $33.5M | $815.6M | ||
| Q1 25 | $32.9M | $831.5M | ||
| Q4 24 | — | $799.3M | ||
| Q3 24 | $150.0K | $815.5M | ||
| Q2 24 | $34.8M | $861.0M | ||
| Q1 24 | $32.4M | $843.3M |
股东权益DRCTNREF
| Q4 25 | $-7.0M | $388.0M | ||
| Q3 25 | $-6.7M | $375.4M | ||
| Q2 25 | $-24.6M | $348.2M | ||
| Q1 25 | $-23.3M | $343.7M | ||
| Q4 24 | $-19.7M | $336.5M | ||
| Q3 24 | $-16.7M | $335.8M | ||
| Q2 24 | $-10.5M | $327.5M | ||
| Q1 24 | $-7.5M | $327.1M |
总资产DRCTNREF
| Q4 25 | $20.2M | $5.3B | ||
| Q3 25 | $22.5M | $5.3B | ||
| Q2 25 | $23.3M | $5.4B | ||
| Q1 25 | $23.8M | $5.4B | ||
| Q4 24 | $26.0M | $5.4B | ||
| Q3 24 | $31.3M | $5.7B | ||
| Q2 24 | $48.5M | $6.6B | ||
| Q1 24 | $52.8M | $7.1B |
负债/权益比DRCTNREF
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 1.92× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 2.42× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 2.43× | ||
| Q2 24 | — | 2.63× | ||
| Q1 24 | — | 2.58× |
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 | $-4.5M |
| 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 | — | -0.19× |
| 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DRCTNREF
| Q4 25 | $-1.9M | $-4.5M | ||
| Q3 25 | $-1.6M | $8.1M | ||
| Q2 25 | $-2.7M | $3.3M | ||
| Q1 25 | $-2.7M | $16.0M | ||
| Q4 24 | $-1.6M | $4.4M | ||
| Q3 24 | $3.0M | $14.7M | ||
| Q2 24 | $-4.4M | $-7.5M | ||
| Q1 24 | $-5.7M | $17.7M |
现金转化率DRCTNREF
| Q4 25 | — | -0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.63× | ||
| Q2 24 | — | -0.62× | ||
| 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% |
NREF
暂无分部数据
