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Direct Digital Holdings, Inc.（DRCT）与Thryv Holdings, Inc.（THRY）财务数据对比。点击上方公司名可切换其他公司
Thryv Holdings, Inc.的季度营收约是Direct Digital Holdings, Inc.的22.8倍（$191.6M vs $8.4M）。Thryv Holdings, Inc.净利率更高（-5.0% vs -138.7%，领先133.6%）。Thryv Holdings, Inc.同比增速更快（2.7% vs -7.4%）。过去两年Thryv Holdings, Inc.的营收复合增速更高（-9.4% 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。
Thryv Holdings, Inc.是一家上市软件服务（SaaS）企业，面向中小企业提供客户关系管理与网络声誉管理软件解决方案。公司总部位于得克萨斯州达拉斯，业务覆盖美国48个州，现有员工超过2400名，其前身是多家黄页企业组成的集团。
DRCT vs THRY — 直观对比
营收规模更大
THRY
是对方的22.8倍
$8.4M
营收增速更快
THRY
高出10.1%
-7.4%
净利率更高
THRY
高出133.6%
-138.7%
两年增速更快
THRY
近两年复合增速
-38.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $8.4M | $191.6M |
| 净利润 | $-11.7M | $-9.7M |
| 毛利率 | 26.8% | 68.0% |
| 营业利润率 | -53.4% | 5.3% |
| 净利率 | -138.7% | -5.0% |
| 营收同比 | -7.4% | 2.7% |
| 净利润同比 | -434.7% | -222.5% |
| 每股收益（稀释后） | $-74.97 | $-0.21 |
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DRCTTHRY
| Q4 25 | $8.4M | $191.6M | ||
| Q3 25 | $8.0M | $201.6M | ||
| Q2 25 | $10.1M | $210.5M | ||
| Q1 25 | $8.2M | $181.4M | ||
| Q4 24 | $9.1M | $186.6M | ||
| Q3 24 | $9.1M | $179.9M | ||
| Q2 24 | $21.9M | $224.1M | ||
| Q1 24 | $22.3M | $233.6M |
净利润DRCTTHRY
| Q4 25 | $-11.7M | $-9.7M | ||
| Q3 25 | $-2.7M | $5.7M | ||
| Q2 25 | $-2.2M | $13.9M | ||
| Q1 25 | $-2.4M | $-9.6M | ||
| Q4 24 | $-2.2M | $7.9M | ||
| Q3 24 | $-2.7M | $-96.1M | ||
| Q2 24 | $-590.0K | $5.5M | ||
| Q1 24 | $-775.0K | $8.4M |
毛利率DRCTTHRY
| Q4 25 | 26.8% | 68.0% | ||
| Q3 25 | 27.7% | 67.7% | ||
| Q2 25 | 35.1% | 69.7% | ||
| Q1 25 | 29.3% | 65.8% | ||
| Q4 24 | 32.5% | 65.9% | ||
| Q3 24 | 38.7% | 62.3% | ||
| Q2 24 | 27.1% | 66.3% | ||
| Q1 24 | 22.4% | 65.8% |
营业利润率DRCTTHRY
| Q4 25 | -53.4% | 5.3% | ||
| Q3 25 | -49.0% | 9.9% | ||
| Q2 25 | -23.9% | 14.0% | ||
| Q1 25 | -48.1% | -1.7% | ||
| Q4 24 | -51.8% | -3.9% | ||
| Q3 24 | -40.3% | -49.2% | ||
| Q2 24 | -9.4% | 14.0% | ||
| Q1 24 | -12.6% | 13.3% |
净利率DRCTTHRY
| Q4 25 | -138.7% | -5.0% | ||
| Q3 25 | -33.6% | 2.8% | ||
| Q2 25 | -22.2% | 6.6% | ||
| Q1 25 | -28.9% | -5.3% | ||
| Q4 24 | -24.0% | 4.2% | ||
| Q3 24 | -29.6% | -53.4% | ||
| Q2 24 | -2.7% | 2.5% | ||
| Q1 24 | -3.5% | 3.6% |
每股收益（稀释后）DRCTTHRY
| Q4 25 | $-74.97 | $-0.21 | ||
| Q3 25 | $-0.24 | $0.13 | ||
| Q2 25 | $-0.23 | $0.31 | ||
| Q1 25 | $-0.35 | $-0.22 | ||
| Q4 24 | $-90.17 | $0.28 | ||
| Q3 24 | $-0.71 | $-2.65 | ||
| Q2 24 | $-0.16 | $0.15 | ||
| Q1 24 | $-0.22 | $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 | $10.8M |
| 总债务越低越好 | — | $253.5M |
| 股东权益账面价值 | $-7.0M | $218.1M |
| 总资产 | $20.2M | $688.6M |
| 负债/权益比越低杠杆越低 | — | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资DRCTTHRY
| Q4 25 | $728.0K | $10.8M | ||
| Q3 25 | $871.0K | $11.6M | ||
| Q2 25 | $1.6M | $10.8M | ||
| Q1 25 | $1.8M | $11.0M | ||
| Q4 24 | $1.4M | $16.3M | ||
| Q3 24 | $4.1M | $12.5M | ||
| Q2 24 | $1.1M | $15.5M | ||
| Q1 24 | $3.3M | $14.4M |
总债务DRCTTHRY
| Q4 25 | — | $253.5M | ||
| Q3 25 | $10.8M | $268.2M | ||
| Q2 25 | $33.5M | $275.6M | ||
| Q1 25 | $32.9M | $299.0M | ||
| Q4 24 | — | $284.3M | ||
| Q3 24 | $150.0K | $307.8M | ||
| Q2 24 | $34.8M | $342.1M | ||
| Q1 24 | $32.4M | $347.6M |
股东权益DRCTTHRY
| Q4 25 | $-7.0M | $218.1M | ||
| Q3 25 | $-6.7M | $221.1M | ||
| Q2 25 | $-24.6M | $214.9M | ||
| Q1 25 | $-23.3M | $193.2M | ||
| Q4 24 | $-19.7M | $196.9M | ||
| Q3 24 | $-16.7M | $94.5M | ||
| Q2 24 | $-10.5M | $183.1M | ||
| Q1 24 | $-7.5M | $167.1M |
总资产DRCTTHRY
| Q4 25 | $20.2M | $688.6M | ||
| Q3 25 | $22.5M | $701.8M | ||
| Q2 25 | $23.3M | $687.7M | ||
| Q1 25 | $23.8M | $703.7M | ||
| Q4 24 | $26.0M | $712.2M | ||
| Q3 24 | $31.3M | $654.8M | ||
| Q2 24 | $48.5M | $785.5M | ||
| Q1 24 | $52.8M | $786.8M |
负债/权益比DRCTTHRY
| Q4 25 | — | 1.16× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 1.28× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 3.26× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | — | 2.08× |
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 | $22.2M |
| 自由现金流经营现金流 - 资本支出 | — | $12.3M |
| 自由现金流率自由现金流/营收 | — | 6.4% |
| 资本支出强度资本支出/营收 | — | 5.2% |
| 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 | — | $31.1M |
8季度趋势，按日历期对齐
经营现金流DRCTTHRY
| Q4 25 | $-1.9M | $22.2M | ||
| Q3 25 | $-1.6M | $22.2M | ||
| Q2 25 | $-2.7M | $29.6M | ||
| Q1 25 | $-2.7M | $-10.5M | ||
| Q4 24 | $-1.6M | $26.1M | ||
| Q3 24 | $3.0M | $36.0M | ||
| Q2 24 | $-4.4M | $22.2M | ||
| Q1 24 | $-5.7M | $5.4M |
自由现金流DRCTTHRY
| Q4 25 | — | $12.3M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | — | $21.8M | ||
| Q1 25 | — | $-17.6M | ||
| Q4 24 | — | $17.3M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $13.3M | ||
| Q1 24 | — | $-1.8M |
自由现金流率DRCTTHRY
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | -9.7% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | -0.8% |
资本支出强度DRCTTHRY
| Q4 25 | — | 5.2% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 4.0% | ||
| Q1 24 | — | 3.1% |
现金转化率DRCTTHRY
| Q4 25 | — | — | ||
| Q3 25 | — | 3.93× | ||
| Q2 25 | — | 2.12× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.32× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.01× | ||
| Q1 24 | — | 0.65× |
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
THRY
| Software As A Service | $119.0M | 62% |
| $56.2M | 29% | |
| Digital | $16.4M | 9% |
